ORIGINAL INSTITUTIONAL STUDIES UPON REQUEST NEM example - 2/5/2008
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Daily Commentary about SSRI - Silver Standards
2008 (c) William Schmidt, Ph.D.
3/14/2008 - on Red Buy. See comments below.
The technical analysis concepts here are all described 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.
Discussion of SSRI Signals - same as last night. Note Silver is back above
$20/ounce.
SSRI now has a new red buy. But it is locked right in the middle of its very flat price
channel for the last year. It also was unable to surpass its price downtrendline. We should
see a resolution soon, i.e. a move past its narrowing price channel. Since the Dollar remains
very weak and people are looking for alternatives to holding the Dollar, I would think the
breakout will be on the upside. But all is not well with the US stock market. And if the market
breaks down very badly to new lows this coming week, despite Bernanke's efforts to save
his banker pals, then there may be margin calls. And the margin calls will get people to
sell the good and the bad, and precious metals may even decline. Silver is the poor man's
Gold. So, it often gets a push toward the end of the rise in Gold. It has not had a hyperbolic
advance. That would tell us the move may be over. Another aspect, is mounting talk of
a deep recession in the US. Since commercial (industrial) demand is important, that will
act as a constraint, too. Finally, I am concerned that SSRI is not doing as well as Silver (SLV),
PAAS or SLW (which made a new high today) and shows much better internals.
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Silver is on a tear. You could read out Hotline to see if we think this is advance is a climactic
finale to the advance from under $4 in 2002. Order the Hotline today. It will help you profit while you learn.
Days 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 likely 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 60.3% of the time and an even higher close 60.3% of the time. Thursdays are only up 50%
of the time and Fridays show rallies 51.8% of the time. By contrast, for the last year, Mondays bring
rises 47.9% of the time and Tuesdays only 40.3% of the time.