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Strategies & Market Trends : Stochastics

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To: Wayners who wrote (371)3/23/1998 4:31:00 PM
From: Wayners  Read Replies (1) of 927
 
Analysis at close on 3/23/98. Updated AMAT through XCIT.

NASDAQ Last signal sell on 19 Mar. Not a real commanding break up today. I think I would ignore the signal. Slight uptrend and the volatility is increasing to the upside.

ADPT Last signal buy to cover on 23 Mar. Neutral trend sitting on lower bollinger band.

AMAT Last signal sell short on 18 Mar. In a moderate downtrend. Forecasted a sell signal today and we got it. I'm looking for a run down to $30, just looking at the past support and resistance levels.

AMD Last signal sell or sell short on 18 Mar. Neutral trend. Expect a run down to the $20 to $21 level..

AMZN Last signal buy on 18 Mar. On a nice uptrend, ready to break out good to the upside. Volatility is increasing smartly. Good high volume today as well. Real nice uptrend..

AOL Last signal buy on 23 Mar. Good solid uptrend still.

ARX Last signal buy on 10 Mar.

ASA Last signal buy to cover on 19 Mar. Volatility is getting really low.

ASND Last signal buy to cover on 19 Mar. Trend is still down. Look for next opportunity to short.

AVM Last signal buy on 20 Mar. Narrow bands and really low volatility. Now a bias for a downside break. An upside break goes to $15. A downside break goes to $12.

AVNT Last signal sell signal on 17 Mar. Nice gainer $15 to $20.

BBIOY Last signal buy to cover signal on Mar 12.

BMY Last signal buy on 20 Mar. Good solid uptrend and increasing volatility.

BNYN Last signal sell on 19 Mar. Still in an uptrend, but volatility is peaked. Sell or write $5.00 calls.

CADE Last signal buy on 20 Mar. Volatility set to increase. Will see at least $2.75.

CBIZ Last signal sell on 23 Mar.

CDRD Last signal sell on 19 Mar. Good safe exit point at $25 which is the upper resistance point. Either sell or write the $25 calls.

CEXP Last signal sell on 13 Mar (neutral trend)..

CFON Last signal sell short on 20 Mar. Still on a solid downtrend.

CIEN Last signal sell on 18 Mar. Stochastics peaked today and give a sell signal. It was up against the resistance at $50 anyways. Did a real nice run from $45 to $48 using the signals. Look for next buy in opportunity--because of the uptrend or sell the $50 calls for Apr.

CKFR Last signal sell on 18 Mar. Another stochastic peak. Sell or write covered calls--the Apr $25s into the uptrend. Upside resistance is pegged at $25.

CLST Last signal sell on 18 Mar. The uptrend is flattening out and has been losing momentum since the beginning of March. I wouldn't even mess with writing upstrike covered calls because the trend seems to be neutralizing. This is what you see prior to a reversal in trend.

COMS Last signal buy on 13 Mar (neutral trend)..

CORR Last signal sell on 13 Mar.

CORX Last signal buy on 12 Mar (neutral trend).

CPQ Last signal sell short on 17 Mar.

CTXS Last signal sell on 17 Mar.

CYBR Last signal buy to cover on 18 Mar. The trend is down so next stochastic peak will be an opportune short. Volatility is increasing.

CYMI Last signal sell or sell short on 19 Mar. Really narrow bollinger bands and neutral trend. Next move will be a big one.

CYPB Last signal sell or sell short on 12 Mar (neutral trend).

DELL Last signal sell short on 23 Mar. Hard to believe but its on a downtrend and the 5 day stochastics are hooking downward. Must be the curse of CPQ.

DIMD Last signal buy on 12 Mar.

DSYS Last signal sell or sell short on 16 Mar (neutral trend).

DWRX Last signal sell or sell short on 13 Mar.

EFII Last signal sell on 11 Mar.

FONR Last signal sell short on 23 Mar. Only problem is its under $5.00 and is not marginable. No play..

GERN Last signal buy on 20 Mar. Slight uptrend going. Volatility likely to increase to the upside.

HD Last signal sell on 16 Mar.

HRSH Last signal buy or buy to cover on 20 Mar. The volatility is so low and the bands are so narrow I have no idea which way this thing will break for sure, but now I'd give it an upside bias.

IDTC Last signal buy on 18 Mar. Volatility set to increase to the upside to continue the longer term uptrend. Didn't move much on the buy signal, so could be nicely profitable.

IHS Last signal buy on 23 Mar. Good uptrend as it goes to a higher level.

IIT Last signal buy on 23 Mar. Neutral trend and narrow bollinger bands. Very low volatility. Looks like its going to break to the upside.

IOM Last signal sell short on 17 Mar.

IRIDF Last signal buy on 20 Mar. On a really good uptrend. Volatility likely to increase to the upside.

JLG Last signal buy or buy to cover on 12 Mar (neutral trend).

KLIC Last signal sell short on 18 Mar. Moderate downtrend with a peak in stochastics. Next support level is about $20. Likely to be a 15% gainer really quick.

LCCI Last signal buy on 19 Mar. Didn't move much today. Expect a big move on 20 Mar. Good solid uptrend going. Will breakout for next run on 20 Mar.

LSI Last signal sell short on 18 Mar. Support level at $20 to $21. Volatility set to increase.

LTBG Last signal sell on 16 Mar.

LTXX Last signal sell on 13 Mar.

MAIN Last signal sell on 20 Mar. Up against resistance at $4.00. Good solid uptrend. Look for next opportunity to buy in. See how much the $5.00 calls are selling for.

MEDA Last signal sell on 23 Mar. Support at $10.50.

MIND Last signal buy on 19 Mar. I think this will go to $20 which is the upper resistance level. Currently trading at $17.

MPDI Last signal sell on 19 Mar. Its right at the $7 resistance level too.

MSFT Last signal buy on 19 Mar. Getting whipsawed because of the narrow bands.

MUEI Last signal sell short on 23 Mar. Good downtrend and peak in stochastics. A break below $11.25 goes to $10.

NORT Last signal buy on 20 Mar. I think this just completed a basing pattern. Should be starting a fresh uptrend. Upside resistance is at about $1.80.

NSCP Last signal sell or sell short on 18 Mar. Very narrow bollinger band making it difficult to get the breakout direction right. Its been forming a base and the moving average on stochastics is trending up nicely. Its sitting right on a solid support level. In this instance I would ignore the sell signal, wait for the upside breakout which is what I think will really happen and ride it to the resistance level of $24 from the current $20. A downside break however goes to $15 to $17.

ORCL Last signal buy on 18 Mar. Because of the uptrend, this thing is going to break through resistance at $30. Next resistance level past $30 is $32.50 or $35.

OXHP Last signal buy to cover on 23 Mar.

PNDA Last signal sell short on 20 Mar. Only problem is you can't short below $5.00. That's a real problem. You can buy the in the money $5.00 puts though if they are available on PNDA.

PRMS Last signal sell on 20 Mar. I'd be afraid of the countrertrend drop with this highly volatile stock. I would consider selling it short agians the uptrend because of the really high volatility that is peaked. Don't write calls. Just sell it. Support at $22.50.

PSIX Last signal sell on 16 Mar.

QCOM Last signal sell or sell short on 20 Mar. Narrow bands and neutral trend. Bias for a downside break. Volatility set to increase a lot. First support is at $45.

QWST Last signal sell on 16 Mar.

PSIX Last signal buy or buy to cover on 25 Feb (neutral trend).

RIG Last signal buy on 13 Mar.

RMBS Last signal sell short on 17 Mar.

SFY Last signal buy on 12 Mar.

SHVA Last signal buy to cover on 23 Mar.

SMOD Last signal sell short on 17 Mar. Support at $20.

SOCR Last signal buy to cover on 19 Mar. Still in a downtrend. Looks like a quick buy to cover panic induced by short sellers.

SUNW Last signal sell short on 17 Mar. Its up against strong resistance at $45 on a downtrend. I don't think its got the muscle to get past it. I still think its a good short. It closed right at $45 on 19 Mar.

SYNT Last signal buy on 18 Mar. Still in an uptrend, but it isn't as strong as it was. Look for a break past $37.

TDFX Last signal sell on 12 Mar.

TMAR Last signal buy or buy to cover on 18 Mar. Its in a neutral trend with resistance on the upside at $21 5/16.

TMX Last signal sell on 19 Mar. Still on a good uptrend. Look for consolidation. Volatility is up against resistance at the upper band.

TRBO Last signal sell short on 23 Mar. On a good downtrend.

TSSW Last signal sell or sell short on 23 mar. Narrow bands and neutral trend make this a no play in my opinion.

TTRR Last signal sell or sell short on 19 Mar. Getting whipsawed by narrow bands, low volatility. Watch for breakout direction on volume.

UEIC Last signal buy on 13 Mar.

VECO Last signal sell short on 18 Mar. Its in a moderate downtrend and the stochastic just peaked and hooked downward. Support at $25. Could be a good 25% gainer in just a few weeks. Volatility set to increase.

VLSI Last signal sell on 18 Mar. I think I'd ignore the signal since its forming a nice base at a good support level. Volatility set to increase.

WCII Last signal buy on 16 Mar.

WTT Last signal a real storng sell short on 20 Mar. Solid downtrend with a peak on stochastics.

XCIT Last signal sell on 23 Mar. Very disappointing. Didn't do what we expected.
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