My CALM chart for today Looks like we have a B2B in addition to bounching off the RTL of the intermediate channel.
Final Universe Additions PTT ASIA Monday Dry Up AFSI AZZ BKI EMS GLNG GMCR GRA ICOC JSDA LPHI MTOX NFI SIGM SMSI SYNL ULTR VSR - Spydertrader
mmm, I've found some inconsistencies between the DryUP Volume Scan v 2.0.0 and the Chartscript v 4.2 For example using the scan today, I can't find JSDA and SMSI in DU. While, using the chartscript they are signaled as in DU. I'll have to take a look at the code and find out why. Anyone has a clue? Not complaining 'bout the great scripts , just wanted to know why. (there must be a little difference somewhere in the code)
I think (and someone else can correct me if I'm wrong) that the scan doesn't report stocks in dry up that no don't have rank. If you run chartscript version 4.2 you'll notice that both of these stocks say rank:none in the upper corner.
I think you are right Angelina ( hey that's an Italian name ) same thing happens with AZZ. I have to take a look at the code yet, I will modify it because I want the scan to return either stock in DU with rank and without rank (ala chartscript v 4.2). I'll post the modified version here for all to use Thanks a lot!
For those who haven't learned this painful compound lesson: don't break the rules but if you ARE going to break the rules, make doubly sure you have a stop. I bought JSDA in haste this morning on huge volume. The MACD was positive but the stoch was no more than about 40, so the criteria weren't met. I don't know what I thought I was doing. Then, just to add insult to injury I neglected to put in a 2% stop for the first time this month. When the stock fell to 1.9% below my entry price I hesitated and couldn't pull the trigger; I just kept hoping it would recover. Eventually I was out of JSDA at -4.5% and more than twice the dollar loss I was prepared for. A bad start to the day. Other positions so-so. FTK (a holdover from Friday) not bad, but not showing much inclination to move up further. SMSI struggling (may have got in too late) and CRNT OK but not setting the world on fire at this point. Elsewhere, looks like Spyder's policy of not buying stocks that gap up more than 5% has kept me safely out of NGA. If I had taken a position in NGA after the open on the huge volume I would have been hurting now. Suss
I saw JSDA jump up too and started nibbling at it with 200 shares. Except I typed it in wrong (was trading options) and I got 2 shares of JSDA. I decided to stay out and closed the position for a net $1 loss. In SMSI from 16.19. Still in FTK from last week. Also in BPHX but not in CRNT. Wasn't on my DU list today.
I held CMED and FTK over from friday. Both are up nicely for the day. I have a 3% stop on those. I just purchased my second round on SIGM. I purchased some around 10, because it looked good. It continues to look good so I purchased a second set. I was hoping this would hit volume today as it was near the bottom of its chanel when I checked its chart this morning. Jamey
Good for you - I lost approx $1000 more than that on JSDA. In SMSI at 16.22 - looks like you nipped in ahead of me. Suss