2005-09-13, Tuesday - Reg SHO Update
DCAI, FORD & IIG continue to appear on Tuesday's Reg SHO Threshold List.
- Spydertrader
DCAI, FORD & IIG continue to appear on Tuesday's Reg SHO Threshold List.
- Spydertrader
Spydertrader's Jack Hershey Equities Journal
- Thread starter Spydertrader
- Start date
- Status
2005-09-13, Tuesday - Update
This morning, I monitored one list of stocks (10 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
CKCM CMT DCAI FORD HANS IIG IRIS JMDT MFLX VPHM
Our system generated eight possible trade signals from the list of ten Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
IIG HANS JMDT FORD CKCM IRIS VPHM MFLX
Dry Up Stocks NOT Triggering Signal
CMT DCAI
IIG did not show price improvement ($8.13) at time of signal generation (9:44 AM). In addition, MACD Histogram showed a negative return (-.0360). Also, The Stochastic Indicator fell below desired levels (25.00). As a result, I took no action with respect to trading IIG.
HANS did not show price improvement ($46.65) at time of signal generation (9:50 AM). In addition, MACD Histogram showed a negative return (-.4540). Also, The Stochastic Indicator fell below desired levels (9.80). As a result, I took no action with respect to trading HANS.
JMDT did show price improvement ($24.21) at time of signal generation (9:59 AM). In addition, MACD Histogram showed a positive return (+.0555). However, The Stochastic Indicator fell below desired levels (39.10). As a result, I took no action with respect to trading JMDT.
FORD did not show price improvement ($27.75) at time of signal generation (10:12 AM). Although, MACD Histogram showed a positive return (+.0574), The Stochastic Indicator fell below desired levels (59.31). As a result, I took no action with respect to trading FORD.
CKCM did show price improvement ($18.36) at time of signal generation (10:14 AM). In addition, MACD Histogram showed a positive return (+.0536). Also, The Stochastic Indicator fell above desired levels (100.00). As a result, I entered into a long position with CKCM receiving a fill price of $18.33 USD on 1000 shares.
IRIS did not show price improvement ($18.11) at time of signal generation (10:38 AM). In addition, MACD Histogram showed a negative return (-.4921). Also, The Stochastic Indicator fell below desired levels (1.72). As a result, I took no action with respect to trading IRIS.
VPHM did not show price improvement ($16.68) at time of signal generation (11:10 AM). In addition, MACD Histogram showed a negative return (-.1347). Also, The Stochastic Indicator fell below desired levels (1.41). As a result, I took no action with respect to trading VPHM.
MFLX did not show price improvement ($126.92) at time of signal generation (11:16 AM). In addition, MACD Histogram showed a negative return (-.1853). Also, The Stochastic Indicator fell below desired levels (24.87). As a result, I took no action with respect to trading MFLX.
I continue to hold 1000 shares of CKCM from the $18.33 USD price point.
I have sold all 1000 shares of IRIS at the $18.25 USD price point.
- Spydertrader
This morning, I monitored one list of stocks (10 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
CKCM CMT DCAI FORD HANS IIG IRIS JMDT MFLX VPHM
Our system generated eight possible trade signals from the list of ten Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
IIG HANS JMDT FORD CKCM IRIS VPHM MFLX
Dry Up Stocks NOT Triggering Signal
CMT DCAI
IIG did not show price improvement ($8.13) at time of signal generation (9:44 AM). In addition, MACD Histogram showed a negative return (-.0360). Also, The Stochastic Indicator fell below desired levels (25.00). As a result, I took no action with respect to trading IIG.
HANS did not show price improvement ($46.65) at time of signal generation (9:50 AM). In addition, MACD Histogram showed a negative return (-.4540). Also, The Stochastic Indicator fell below desired levels (9.80). As a result, I took no action with respect to trading HANS.
JMDT did show price improvement ($24.21) at time of signal generation (9:59 AM). In addition, MACD Histogram showed a positive return (+.0555). However, The Stochastic Indicator fell below desired levels (39.10). As a result, I took no action with respect to trading JMDT.
FORD did not show price improvement ($27.75) at time of signal generation (10:12 AM). Although, MACD Histogram showed a positive return (+.0574), The Stochastic Indicator fell below desired levels (59.31). As a result, I took no action with respect to trading FORD.
CKCM did show price improvement ($18.36) at time of signal generation (10:14 AM). In addition, MACD Histogram showed a positive return (+.0536). Also, The Stochastic Indicator fell above desired levels (100.00). As a result, I entered into a long position with CKCM receiving a fill price of $18.33 USD on 1000 shares.
IRIS did not show price improvement ($18.11) at time of signal generation (10:38 AM). In addition, MACD Histogram showed a negative return (-.4921). Also, The Stochastic Indicator fell below desired levels (1.72). As a result, I took no action with respect to trading IRIS.
VPHM did not show price improvement ($16.68) at time of signal generation (11:10 AM). In addition, MACD Histogram showed a negative return (-.1347). Also, The Stochastic Indicator fell below desired levels (1.41). As a result, I took no action with respect to trading VPHM.
MFLX did not show price improvement ($126.92) at time of signal generation (11:16 AM). In addition, MACD Histogram showed a negative return (-.1853). Also, The Stochastic Indicator fell below desired levels (24.87). As a result, I took no action with respect to trading MFLX.
I continue to hold 1000 shares of CKCM from the $18.33 USD price point.
I have sold all 1000 shares of IRIS at the $18.25 USD price point.
- Spydertrader
Greetings Spydertrader & his Journal followers -
Just read your post of today -
comments:
Most important -> Good luck with current (CKCM) trade !!
Its trading as I write @ 18.25 - 18.28
Volume has dried up after initial surge
Similar tho better than IIG (a stock I have warned SpyderTrader about- NOTE: earnings due out immenently), this is a stock that I view cauciously because its not in an uptrend.
Stat's on RS/EPS decent per IBD - RS=95 / EPS=77 Rating =80 (& 4th best in its group).
Technically its shown no real ability to trend up nor increasing volume --> Volume stats are 50dma below 200dma (418.7 vs 428.5) price --> rideing 200dma (50dma= 21.83 200dma= 17.56
Tough to trade today on upside as market is weak tho improving as I write.
Will report further as time permits (tho may be after the close).
Regards, cowpok1027
Just read your post of today -
comments:
Most important -> Good luck with current (CKCM) trade !!
Its trading as I write @ 18.25 - 18.28
Volume has dried up after initial surge
Similar tho better than IIG (a stock I have warned SpyderTrader about- NOTE: earnings due out immenently), this is a stock that I view cauciously because its not in an uptrend.
Stat's on RS/EPS decent per IBD - RS=95 / EPS=77 Rating =80 (& 4th best in its group).
Technically its shown no real ability to trend up nor increasing volume --> Volume stats are 50dma below 200dma (418.7 vs 428.5) price --> rideing 200dma (50dma= 21.83 200dma= 17.56
Tough to trade today on upside as market is weak tho improving as I write.
Will report further as time permits (tho may be after the close).
Regards, cowpok1027
Thanks. Looks like it needs all the help it can get. Volume simply evaporated since this morning. However, with 90 minutes remaining before the closing bell, anything can happen. Even if it stays underwater, I won't feel too badly with a small loss.
- Spydertrader
IIG, IRIS & FORD each made FRV Levels by EOD.
As I indicated in a previous post, I sold all (1000) shares of IRIS today at the $18.25 USD price point. This three day trade yielded a gross profit of +$230 for a gain of 1.2% on 1000 shares.
As CKCM failed to reach FRV Levels by EOD I sold all (1000) shares at the $18.05 USD price point. This intraday trade yielded a gross loss of -$280 for a loss of 1.5% on 1000 shares.
- Spydertrader
As I indicated in a previous post, I sold all (1000) shares of IRIS today at the $18.25 USD price point. This three day trade yielded a gross profit of +$230 for a gain of 1.2% on 1000 shares.
As CKCM failed to reach FRV Levels by EOD I sold all (1000) shares at the $18.05 USD price point. This intraday trade yielded a gross loss of -$280 for a loss of 1.5% on 1000 shares.
- Spydertrader
Hello Folks -
---------
gooch87 said on 09-13-05 03:22 PM I call this the Hershey International Symbol of Disgust. & attached a chart of CKCM
---------
#1 So my assumption is that what was meant in the above quoted post is that this was a "head fake" for the Jack Hersey traders due to the strong start with no follow-through. Am I right?
#2 I deceided its better to start a thread rather than create to many posts that are only remotely related to SpyderTrader's intent--> to document his Hersey method-generated trading.
I will continue to follow SpyderTrader's excellent Journal & wish SpyderTrader the best of luck in his future trading !!
For anyone interested you can find my new thread under Trading as follows --> Daily Trading - Stock Analysis Discussion
Good Trading & Good Health !! cowpok1027
---------
gooch87 said on 09-13-05 03:22 PM I call this the Hershey International Symbol of Disgust. & attached a chart of CKCM
---------
#1 So my assumption is that what was meant in the above quoted post is that this was a "head fake" for the Jack Hersey traders due to the strong start with no follow-through. Am I right?
#2 I deceided its better to start a thread rather than create to many posts that are only remotely related to SpyderTrader's intent--> to document his Hersey method-generated trading.
I will continue to follow SpyderTrader's excellent Journal & wish SpyderTrader the best of luck in his future trading !!
For anyone interested you can find my new thread under Trading as follows --> Daily Trading - Stock Analysis Discussion
Good Trading & Good Health !! cowpok1027
To create the following lists of stocks, I used 90 RS and 80 EPS. Using 90 RS and 90 EPS resulted in an initial stocktables.com sort of too few equities.
2005-09-14, Wednesday - Lists
Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort
Hot List
DPTR FORD HANS IRIS LUFK NETL SNHY VIVO VPHM
Dry Up Stocks
CMT DCAI ELOS RADS VDSI
Hot List Stocks Scores
DPTR - 2
FORD - 6
HANS - 2
IRIS - 2
LUFK - 2
NETL - 7
SNHY - 5
VIVO - 0
VPHM - 2
Dry Up Stocks Scores
CMT - 0
DCAI - 0
ELOS - 0
RADS - 0
VDSI - 0
Keep an Eye on These Stocks
VPHM (Attached)
The following stock has been ADDED to the Final Universe List as of 2005-09-13: VIVO.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=841157>
2005-09-14, Wednesday - Lists
Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort
Hot List
DPTR FORD HANS IRIS LUFK NETL SNHY VIVO VPHM
Dry Up Stocks
CMT DCAI ELOS RADS VDSI
Hot List Stocks Scores
DPTR - 2
FORD - 6
HANS - 2
IRIS - 2
LUFK - 2
NETL - 7
SNHY - 5
VIVO - 0
VPHM - 2
Dry Up Stocks Scores
CMT - 0
DCAI - 0
ELOS - 0
RADS - 0
VDSI - 0
Keep an Eye on These Stocks
VPHM (Attached)
The following stock has been ADDED to the Final Universe List as of 2005-09-13: VIVO.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=841157>
Hello again. I'd just like to clarify, what sell criterion did you use in disposing of IRIS? It wasn't the 4-day time stop was it? Also reaching FRV is only important on the first day, right? Or did I miss something that says that it is also required on each day that one continues to hold a position? Actually from what I can recall reading and from my notes there isn't a whole lot said about any holding criteria aside from once entered into a position you hold unless the sell criteria are met. I fear I may have missed something. Is there a volume, new high, or other criteria that needs to be met or maintained to stay in a position? Thanks again.
- Status