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Strategies & Market Trends : Stochastics

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To: Roger Hess who wrote (216)2/20/1998 9:39:00 AM
From: Wayners  Read Replies (2) of 927
 
Analysis at close on 2/19/98.

AMAT-Was up 0.88. Narrow bollinger bands with the uptrend still intact. Won't break up until 5 day stochastics bottom. 5 day stochastics are starting to curve a bit but their still pointed down. AMAT will break up within next three day.
AMZN--The break has happened. Time to buy it.
ASND--Solid uptrend. (Not a Neutral trend). Bollinger bands on price are now at their narrowist. I think its time to buy again.
AVM--Trend has turned downward on narrow bollinger bands. This thing is going to go lower. Time to exit long positions.
AVNT--Basing out on little volatility. Very narrow bollinger bands on price. 5 day stochastic showing upward hook. With the 5 day stochastics in its current position, the current bias is still for an upward break.
BMY--Very close now to breaking below $97.50. The trend is down now, bands widening and 5 day stochastics are quite high but not showing the hook yet. This is developing into a real good short play.
CADE--Another down day on neutral trend. Again, good thing everybody here took profits. Seeya at the lower band at $2 1/4
CBIZ--I think its just a matter of time before this breaks upward again. Continued profit taking/consolidation now. Watch the trend carefully.
CEXP--Slight uptrend. About to pop uwards a bit. Long term trend is way down--so makes me nervous for long positions. 5 Day stochastics look bottomed, but no hook. I'd consider a long position now.
CFON--Dropped 0.3125. Another longer term downtrend to make it a risky long. No play. Narrow bands on neutral short term trend. Less than $5 so no new shorting allowed.
CIEN--Narrow bollinger bands. Quick buy period is over. Price near upper band, gently curving downward 3 day moving average. 5 day stochastic showing the hook. Great short term short play.--This was the call yesterday. Anybody that actually did it would have CLEANED UP on the earnings warning. CIEN is going to open DOWN 14 points!!!!
CKFR- CKFR is a risky short term buy at the lower bollinger band ($22.50) on neutral/slight downtrend play. Three days at the lower bollinger band on price--a usua short term reversal point.
CORR--Downtrend and narrow bollinger bands. Didn't break down--shows the risk of playing narrow bollinger bands. Upward break makes it a buy now.
CPQ--Strong uptrend. Again Good buying opportunity. Bollinger bands fully narrowed now. 5 day stochastic has now hooked.
CTXS--Third day of touching lower bollinger band on price. Usually a reversal day. This stock trades between the bands. Looks like a short term buy. 5 day stochastics have hooked upward. Risk brom slightly down trend.
CYPB--Too bad can't short under $5. Narrow bollinger bands on neutral trend. 5 day stochastics showing the hook and the trend is slightly down. Band narrow but not dropping drastically. Bands are so narrow here got to wait to see the break.
DWRX--Another big upday. Strong uptrend. 5 day stochastics showing the hook again for upward move. Narrow bollinger bands. Breaking upwards again.
EFII--uptrend turning into a neutral trend and 5 day stochastics at the lower bollinger band. Looks like a buy to me.
GERN--5 day stochastic crossed below the 20 level. Looking for a bottom here. Neutral trend and narrow bollinger bands make it a riskier play. Best way to play is to short at $13 1/2 and cover at $12 repeatedly. Can also buy at $12 and sell at $13 1/2.
IIT --Another up day--but with the short term downtrend--its starting to look like its close to a top. Don't be afraid to take profits today.
IOM--Down slightly Neutral trend. Price at the lower band. Last chance to cover shorts short term Time to cover shorts. Narrowing bollinger bands. 5 day stochastics bottoming at 20. Slight hook now showing for upward move.
IRIDF--neutralizing uptrend. 5 day stochastics hooked downward. No play in its consolidation mode. Watch for break up or down. Downward break bias looking at 5 day stochastics. Another risky narrow bollinger band play. Bias for downward break.
JLG--uptrend. 5 day stochastics at 20 area. Great play yesterday. Still a good quick buy.
LCCI--Profit taking is occurring. 5 day stochastics showing nice downward hook. Not at a bottom yet. Uptrend still is intact.
LSI Slight uptrend appears to be neutralizing, bands narrowing, consolidation occuring. Take profits short term. Have a slight hook for a buy. Trend is neutral. Must be a real quick buy play. Limited profit potential of a dollar or two. Probably further consolidation near term.
LTBG--Strong Downtrend. No play or quick short. Need some type of peak to short into. Not showing any price movement--just basing out.
LTXX--Don't like long term downtrend. Neutral trend and narrow bollinger bands. Stochastics at 20. Try buying on a hook, but better short play over $5.00 at the upper bollinger band on price and peak in stochastics. Looking for a quick upward pop.
MEDA--uptrend undergoing profit taking and consolidation. No play still.
MIND--Stochastics at 20 and price at the lower bollinger band. Downtrend has developed. Look for peak in stochastics w/hook to short into.
MUEI--Another strong up day. Strong uptrend remained intact. Showing a strong hook now. Looks like a strong/quick buy to me.
NORT--downtrend and can't short it ($1.50 stock). Stochastics are less than the 12 day moving average which is bearish.
NSCP--uptrend remains intact and 5 day stochastics under 20. Buy here or wait for the hook.
ORCL--uptrend now neutral and narrow bollinger bands. 5 day stochastics at the lower band and under 20. Must wait for the hook or buy at the lower bollinger band on price.
OXHP--uptrend heading towards neutral and 5 day stochastics at the lower band. Look for and buy on hook on stochastics.
PNDA--slight downtrend--no play. Under $5 now--can't short it anymore. 5 day stochastics hooking downward.
PRMS--Slight downtrend and and narrow bollinger bands. 5 day stochastics appear now to be peaked. I'd strongly consider shorting it.
PSIX --I hate this stock. Slight uptrend. Short on next peak in stochastics or at the upper bollinger bandt. Trend is neutralizing before going down..
QWST--Downtrend--short at the next stochastics peak. Exit any long positions then too.
RIG--Neutral trend and too unpredictable to play..
SCTC-Narrow bands now indicating downward break. Slight downtrend now.
SHVA--on an uptrend but consolidating for next move.
SMOD-Hooking on stochastics. Buy.
SOCR--slight downtrend and near a peak. Waiting for break.
SUNW-- Will be a great short term short on the next peak in stochastics. The trend is DOWN now.
SYNT--on a strong uptrend. May still want to try a quick buy.
TDFX--neutral trend. Look for short at the next peak/hook in 5 day stochastics or buy for ride to top band.
TMX--on an uptrend. 5 day stochastics at 20. Showing the hook for a buy. Its a short term buy here.
TRBO--Neutral trend/slight uptrend. Looks good for a long now.
TSSW--Quick buy on break worked well. On an uptrend. Don't get too greedy. Take profits.
VECO--Entering consolidation period.
WCII--Continued consolidation. Looks like uptrend is getting weary. Looks like only small profit potential is available on the long side.
WTT--Broke upward. Take profits when momentum begins to slow.
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