ORIGINAL INSTITUTIONAL STUDIES UPON REQUEST NEM example - 2/5/2008
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Daily Commentary about SSRI - Silver Standards
2/23/2008
The technical analysis concepts here are all descrbed much more in our books, Help routines
and software instructions.
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Introductory Notes
Warning: The comments are made by the author, who has more than 25 years'
experience trading with these tools. But the tools and the author are not infallible.
(I wish!) So, anyone making trades based on this information must do so entirely
at their own risk and understand that the stock market is inherently risky and is often
very difficult to predict. Even insiders may lose money. I believe these comments
will help you understand better how to trade using TigerSoft tools. And I believe,
trading with them will make your investments safer and much more profitable.
The red Buy and Sell signals are based determined by the software automatically.
the computer screens the trading results from more than 60 different trading systems
and then posts the best for the last year. The best trading system often continues
for many months and even years because each stock has its own personality based
on the type of traders who buy and sell it most often. Very often professionals control
the stock's short-term swings based on the tools TigerSoft uses. To see how successfully
professionals rig these movements, use TigerSoft.
TigerSoft charts show the technical system which is most profitable for any stock
and how profitable that system is. To prevent others from copying our software, I
have taken off the charts shown here the basis of the Red Buys and Sells. The trading
results are provided. Unless otherwise stated, they include all the trades from long
and short positions, where we assume $10,000 is initially used and each trade costs
$40 in commissions and slippage. It is assumed that the trades are taken at the
close of.the day of a Red Buy or Sell signal. However, the trading results can also be
shown based on taking and closing out positions on the next day's opening after
a Red Buy or Sell. When this is true, I point this out explicitly.
SSRI is on a Red Sell. I expect a new Red Buy very soon. The declining blue 50-day ma
will act as resistance on any rally. With Silver making new highs, one would think it only a matter
of time before SSRI recovers nicely. The black OBV Line is declining and in a downtrend which
is much weaker than its price action. Aggressive buyers are absent. The TigerSoft Accumulation
index is in red bearish territory. Somethng is causing holders of the stock to sell on intra-day rallies.
The ITRS indicator shows the stock has been slightly underperforming the weak DJI since the start
of this year.
I am concerned that this silver stock cannot go up when silver is rising to new highs. What will it do
when Silver goes down in price? But the trading gains are so good (+57% for the last year),
as long as the stock's uptrend is not broken, and there is no drop below 31, I would take the next
red Buy. (The +57% for the last year comes from Buying and Selling at the next day's opening on
the day following a new Red up and Down arrow.
The second chart below shows that SSRI's TIGER-Opening Power is rising and its TIGER-Closing
Power is falling. This means it will probably be better to buy the stock at the close and sell the
stock at the opening. Be careful not to be suckered in by a false strong opening. This stock often
fades badly after the opening.
Day of the Week Trading Pattern.
When we look at the data for the last year, and TigerSoft makes this very easy, we see that Mondays
and Tuesdays are much more likley to bring weak openings and closings than Wednesday, Thursday
or Friday. Buying at the close on Tuesday is often very profitable, as Wednesdays produce a higher
opening 56.3% of the time and an even higher close 59.9% of the time. Thursdays are up 52.7%
of the time and Fridays show rallies 52.7% of the time.
