Spydertrader's Jack Hershey Equities Journal

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CNC ARTI HANS
PMTI CNCT CFC
VSEC UPL DECK
ULCM LEND HDWR
CMTL TASR NAVR
TS PENN PETD
DPTR ALDN TNP
SIE CRDN HRT
FTI URBN GIVN
ECSI NIHD INSP

Hot List:

TASR
VSEC
HRT
ALDN
HANS
DPTR
CRDN
PMTI
NAVR
ECSI

(VSEC & HRT have Float Issues and should be removed from the Hot List)

Watch List:

SWIR HLEX ANIK CALM LIFC EVCI ENWV ALDN TASR LSCP LWAY NVEC SMTS

(NVEC & LWAY have Float issues and should be removed from the Watch List)

- Spydertrader
 
Quote from Spydertrader:

7 1 0
CNC ARTI HANS
PMTI CNCT CFC
VSEC UPL DECK
ULCM LEND HDWR
CMTL TASR NAVR
TS PENN PETD
DPTR ALDN TNP
SIE CRDN HRT
FTI URBN GIVN
ECSI NIHD INSP

Hot List:

TASR
VSEC
HRT
ALDN
HANS
DPTR
CRDN
PMTI
NAVR
ECSI

(VSEC & HRT have Float Issues and should be removed from the Hot List)

Watch List:

SWIR HLEX ANIK CALM LIFC EVCI ENWV ALDN TASR LSCP LWAY NVEC SMTS

(NVEC & LWAY have Float issues and should be removed from the Watch List)

- Spydertrader
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spydertrader, in my attempt to understand I was hoping you would comment on NAVR and CRDN - they were on the Watch List for Friday, and moved to the Hot List today. What caused the move? TIA.
 
Quote from newtoet:

spydertrader, in my attempt to understand I was hoping you would comment on NAVR and CRDN - they were on the Watch List for Friday, and moved to the Hot List today. What caused the move? TIA.
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We didn't actually 'move' the above two stocks from one list to another. Volume for both stocks above currently exceeds dry up volume. Stocks NOT exhibiting dry up volume on the previous market day, cannot make it into our daily Watch List.

Stocks from our three lists (ones, zeros & sevens) that have a rank, we sort by descending rank. After removing any stocks that have parameters (float, avg. daily volume etc.) outside our selection criteria, we take the top ten 'ranked' stocks and place them into a 'Hot List.' Jack Hershey teaches us to then monitor each of these 'Hot List' stocks for dry up volume and breakouts.

For the purposes of this journal, we compare our 'Hot List' with our 'Final Universe List.' Any stocks in the Hot List, NOT already in the 'Final Universe List' we add. We then monitor the entire Final Universe list for stocks exhibiting Dry Up Volume (using several methods) on the previous Market Day. Any Stock from the Final Universe List in dry up, we place into our Watch List for daily monitoring.

A stock may leave a particular list for several reasons. First, as in the case of HANS, volume and price breakout occurred signaling a buy. We currently own the stock. Therefore, we monitor for continued price improvement rather than monitor for volume breakout. Second, a stock that has volume greater than dry up levels by the end of the day, but less than first rising volume (FRV) would not cause a buy signal and we would remove the stock from our watch list (due to current volume exceeding Dry up values). All Watch List stocks originated from a daily Hot List, and over time, resulted in the creation of our 'Final Universe' List. Any stock not on the Watch List, does not exhibit dry up volume for that particular day.

Hope that helps.

- Spydertrader
 
Quote from Spydertrader:

We didn't actually 'move' the above two stocks from one list to another. Volume for both stocks above currently exceeds dry up volume. Stocks NOT exhibiting dry up volume on the previous market day, cannot make it into our daily Watch List.

Stocks from our three lists (ones, zeros & sevens) that have a rank, we sort by descending rank. After removing any stocks that have parameters (float, avg. daily volume etc.) outside our selection criteria, we take the top ten 'ranked' stocks and place them into a 'Hot List.' Jack Hershey teaches us to then monitor each of these 'Hot List' stocks for dry up volume and breakouts.

For the purposes of this journal, we compare our 'Hot List' with our 'Final Universe List.' Any stocks in the Hot List, NOT already in the 'Final Universe List' we add. We then monitor the entire Final Universe list for stocks exhibiting Dry Up Volume (using several methods) on the previous Market Day. Any Stock from the Final Universe List in dry up, we place into our Watch List for daily monitoring.

A stock may leave a particular list for several reasons. First, as in the case of HANS, volume and price breakout occurred signaling a buy. We currently own the stock. Therefore, we monitor for continued price improvement rather than monitor for volume breakout. Second, a stock that has volume greater than dry up levels by the end of the day, but less than first rising volume (FRV) would not cause a buy signal and we would remove the stock from our watch list (due to current volume exceeding Dry up values). All Watch List stocks originated from a daily Hot List, and over time, resulted in the creation of our 'Final Universe' List. Any stock not on the Watch List, does not exhibit dry up volume for that particular day.

Hope that helps.

- Spydertrader
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Yes. Thank you for your efforts.
 
At 10:42 AM, our system triggered a signal on EVCI when actual volume exceeded calculated Dry Up Volume

MACD: -.0239
Stochastics: 5.2633
Price: $6.82 (Did not trade)

At 10:49 AM, our system triggered a signal on ANIK when actual volume exceeded calculated Dry Up Volume

MACD: +.0567
Stochastics: 88.1188
Price 200 shares LONG @ $15.15

At 11:12 AM, our system triggered a signal on LIFC when actual volume exceeded calculated Dry Up Volume

MACD: +.0783
Stochastics: 77.777
Price: 200 shares LONG @ $10.47

We continue to monitor HANS (buy price $25.10 on 10-01-2004) as current price has improved to $25.22 as of 11:15 AM.

Jack Hershey recommends using rank as a 'tie-breaker' when multiple stocks produce signals by exceeding their dry up values. However, since the signals occurred several minutes a part, I had no way of knowing that additional signals would develop in the future.

In regards to not taking the SHORT trade on EVCI, I plan to monitor this trade closely as it falls outside the 'normal' constraints of this journal. The vast majority of the documentation regarding Jack Hershey and his methods explains trading from the LONG side only, however, as was the case with GMAI, shorting Hershey Stocks can, and often does, result in profitable trades.

For shorting Hershey Stocks, you would want (of course) to have Dry up Volume exceeded by 11:00 AM, price to be falling, MACD in the negative, and Stochastics below 25. Since limited documentation exists on Jack's own methods for shorting his equity system, perhaps anyone familiar with shorting Hershey Stocks could expand on the criteria I listed above. Although the 'shorting criteria' all appear to have been met by EVCI, since we are discussing LONG only methods in this journal, I opted NOT to trade the signal.

Again, I must reiterate: The VAST majority of Jack Hershey posts regarding his Equity System concern trading from the LONG side only. The criteria for shorting Hershey Equities has primarily been developed by Superfly and myself.

I hope you find the above information useful.

- Spydertrader
 
Quote from gallas2:

Thanks for the .iff file Spyder.

AMMD and BRC have triggered (not precisely by JH method). NVR looks close and looks like a trend pivot second entry. Those that entered after first pullback and have been shaken out are less likely to re-enter and stall the trend should it trigger.

Hist Volatility is a little low on all three, however, you can increase pos size to replicate a more volatile stock.

Also watching CETV.
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Long CETV. Lesson here is that what looks like a perfect set-up may take several days to trigger. Seen this hundreds of times.
 
Quote from gallas2:

Long CETV. Lesson here is that what looks like a perfect set-up may take several days to trigger. Seen this hundreds of times.
More...

I frequently observe similar behavior with Hershey Equities. HANS remained in Dry Up for six consecutive market days while ANIK stayed in Dry Up for 14 consecutive days prior to volume break out.

- Spydertrader
 
10/04/04 13:43:19 26.44 26.36 26.47 200

In an effort to protect a portion of the profits obtained using this method, I have sold 200 shares of HANS at a gain of $1.34 per share (5.33% gain). The remaining 200 shares I will hold until our target price is reached ($27.60). In addition, I have moved the stop on HANS up to 'breakeven' on the remaining shares (plus commissions). I intend to trail the stop upward as price improves.

- Spydertrader
 
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