Spydertrader's Jack Hershey Equities Journal II

[Spydertrader]

Quote from dougcs:

???? But will you trade them???? As it is Fed Day.

More likely than not, I'll sit on the sidelines as a result of today's FOMC Meeting Announcement at 2:15 PM Eastern Time. IF I do decide to trade any of these equities, I'll be sure to exit well in advance of this afternoon's announcements.

- Spydertrader

 

[Spydertrader]

Quote from ohio:

I checked your watchlist above in Wealth-labs for Dry-up volume. Only one, TRLG, was in dry-up. Yet you are watching the other 9 also for possible purchase. Is this because you are using other systems in addition to the basic one? Or might I be using the wrong scan. I've been using Jershey Equities Dry Up Volume Scan v. 1.0.0.

As you progress through your reading of Journals One and Two, you will come across additional methods for trading Hershey Equities based on a stocks position within its 'natural cycle.' Jack's 'Bruno R' post and the recently uploaded videos discuss two set ups designed to place a trader on the long side of a trade when money velocity ramps up. A few months ago, Jack posted in Journal Two in an effort to motivate people to move beyond the DU ---> FRV ---> Peak paradigm, and by doing so, improve their overall rates of return. The equities listed for today represent my efforts towards achieving an improved rate of return. Review the 'Bruno R' attachment located within Journal Two for a more detailed description of Jack's 'Bruno R' set up.

Good Trading to you all.

- Spydertrader

 

[mattjbarlow]

I ran the Hershey Equities Dry Up Volume Scan v. 1.0.0 on my final universe, and it resulted in the following stocks being in DU:

BNT CNTF CTHR FLOW FMD FORD GMXR MEK MIND NGS NTRI NWRE SFCC TASR TRLG

But take NTRI for example. When I run that through Hershey Equities Rank v. 3.0.2, it has a score of 4, which I thought is at the end of FRV. Am I doing something wrong?

 

[Haroki]

Hey Spyder-

Great journal.

I'm a in-and-out of the office type of trader. In other words, I still have a real job - LOL. So on a Fed day, would you suggest my putting on a tight trailing stop, since I'll probably be away at meeting time?

Also, I'd like to say that Jack's Bruno/Rocket comments are right on the mark. I was actually trading just using the Stoch as an indicator already, but his comments really clarified up the situation for me.

I've also noticed that a few of your stocks in the FU list remain, even when the 200 day MA shows a down slope. Have you made any good trades from these stocks, or do they usually fail on their breakouts?

Good trading-

Steve

 

[Spydertrader]

Quote from mattjbarlow:

I ran the Hershey Equities Dry Up Volume Scan v. 1.0.0 on my final universe, and it resulted in the following stocks being in DU:

BNT CNTF CTHR FLOW FMD FORD GMXR MEK MIND NGS NTRI NWRE SFCC TASR TRLG

But take NTRI for example. When I run that through Hershey Equities Rank v. 3.0.2, it has a score of 4, which I thought is at the end of FRV. Am I doing something wrong?

Jack will be the first to tell you to concern yourself with 'scoring' last. By this I mean, look at Price, Volume, Stochastics, MACD, Channels and then see how score fits into the equation. An equity can break out at any time. I use scoring as more of a 'confidence' indicator, rather than, a 'go / no go' decision point. I have more confidence if everything else lines up correctly and I have a score of zero seven or one. however, if all the planets find themselves aligned and a stock shows a score of 4 or 5, I don not consider it a deal breaker.

I hope that helps.

- Spydertrader

 

[Spydertrader]

Quote from Haroki:

So on a Fed day, would you suggest my putting on a tight trailing stop, since I'll probably be away at meeting time?

I don't recommend holding equities during Fed Announcements. Jack often recommended against trading on 'Greenspan Days' (as he referred to them) in his older posts. The often wild gyrations which sometimes occur after reading of the Fed Meeting Minutes can play havoc with The Hershey Equities System. If one chooses to trade (or hold) on a 'Fed Day,' one should understand the increased risk involved with doing so.

Quote from Haroki:

I've also noticed that a few of your stocks in the FU list remain, even when the 200 day MA shows a down slope. Have you made any good trades from these stocks, or do they usually fail on their breakouts?

One can often make profitable trades on equities which show a downsloping moving average. At multiple intervals, these equities often show price traverse back to the high side of the down channel. In addition, one never knows when these equities will make the turn and resume their upward trend. When an equity fails to maintain its rank (no longer cycles), it finds itself removed from the Final Universe. Many of these downsloping equities eventually remove themselves without any input on my part.

I hope that helps.

- Spydertrader

 

[mattjbarlow]

I bought NTRI this morning at 70.80, it was on my watch list and hit low DU volume with positive MACD and stochastic of 75 by 10:45AM. By 2PM I realized it probably wouldn't make FRV today and I didn't want to take a chance with the fed announcement so I sold it at 71.30.

 

[Spydertrader]

Quote from mattjbarlow:

I bought NTRI this morning at 70.80, it was on my watch list and hit low DU volume with positive MACD and stochastic of 75 by 10:45AM. By 2PM I realized it probably wouldn't make FRV today and I didn't want to take a chance with the fed announcement so I sold it at 71.30.

Congrats on your profit. Nothing wrong with jumping ship early - especially just before a FOMC Announcement. Nice trade.

- Spydertrader

 

[Traveler]

Really wishing I kept my HANS now...

 

[Spydertrader]

Quote from Traveler:

Really wishing I kept my HANS now...

Want to feel better? I bought HANS in October 2004 (first Journal One trade) when it traded around $22.00 USD. That was pre-split. If memory serves, I had 400 shares at the time. Talk about leaving money on the table.

- Spydertrader