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us stock market, stock market today
Begin part 2 of 3
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NOTE: PART 2 PRECEDES PART 1 THIS EVENING
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CONTINUING PLAYS TABLE
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LEGEND FOR CONTINUING PLAY TABLE
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri=Ascending triangle; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.) Downside play types: CCall=Covered Call; Dsc Tri=Descending triangle; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon Market conditions.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor Market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMMD 09/23 Test 50 17.31 -0.62 18.14 21.65 928K 1.2M 16.87
Buy Not Hit. Sold but on below average volume and held above the 50 day EMA on the close. Still in the pattern but it has to show us a clean breakout to get our money.
BBBB 09/18 Cup hdl 38.86 -0.74 40.48 50.45 267K 550K 38.91
Buy Not Issued. Still holding in the range that was pre-breakout. Not bad action given the market's dive. Just going to sit on it and see if BBBB can provide a strong, clean breakout worthy of getting some of our money.
BWLD 10/01 Test BO 37.59 -3.17 41.05 47.31 535K 950K 38.18
Buy Not Hit. Stumbled some, closing below the 18 day EMA but closing at solid support at 37.50 and still in its uptrend. Will see how it shakes out.
CEPH 09/29 Cup hdl 71.93 -3.56 79.08 88.95 1.7M 1.8M 75.74
Buy Not Hit. Dropping.
CHTT 09/15 DB hdl 74.80 -3.22 76.11 86.45 221K 450K 78.21
Current. Stumbled back to the trendline on very low volume. Personal products manufacturer so it tends to do well in recessions as a money harbor. At the point it has to show it now.
CME 10/01 Trnd Rv 373.67 -24.08 400.31 448.00 845K 1.8M 391.88
Buy Not Issued. Tried to move early but faded back to the 10 day EMA on low volume, still trying to set up its break higher off of this lateral consolidation following the trend reversal. Being patient and letting it prove if it is worth our money.
CNMD 09/20 Asc Bse 30.21 -1.53 30.33 33.00 221K 400K 29.35
Buy Not Issued. CNMD sold back on low volume toward support at 30. We are shifting this to a rolling play to play a bounce off support at 30 for a move up to 33, just taking what the play will give.
GENZ 09/27 Dbl btm 78.10 -2.23 81.57 91.95 2.6M 4.5M 77.88
Buy Not Hit. Sold back to the 50 day EMA on more below average volume. Still holding the pattern, still working through it and will wait to see if it makes the break higher.
GLD 09/27 DB hdl 82.33 -3.64 88.56 99.75 23M 24M 87.48
Current. Gapped lower and is at the hump in the double bottom with handle pattern. This is where it needs to make the move.
HCBK 09/11 Cup hdl 18.22 -0.27 19.38 22.95 4.4M 14M 18.91
Current. Holding steady in the range from September, throwing out the high and the low. In this market that is not bad.
HELE 09/29 Cup hdl 20.93 -1.95 24.25 28.95 278K 400K 22.55
Buy Not Hit. Dropping. Troy fell.
IWM 09/30 Rolling 63.58 -3.44 68.21 73.88 116M 150M 67.11
Buy Not Hit. Dropping this puppy as the small caps get to be smaller caps.
JPM 09/29 Dbl btm 49.85 +0.60 44.55 51.88 54M 80M 45.91
Current. Posted a gain on this ugly session. Strength speaks for itself.
MCD 09/16 Asc Bse 61.88 -1.78 62.04 72.95 11M 13M 59.77
Buy Not Issued. Sold back from the Wednesday bounce but on lower volume and closing near the 50 day EMA on the close. MCD is hanging tough, but it has to do more than that to get us to buy into it.
MTH 09/25 Test 18 23.65 -1.79 25.68 30.95 564K 1.5M 24.08
Buy Not Issued. Faded modestly on very low volume, still working through the pattern.
MVL 09/20 Rolling 32.56 -1.78 32.78 36.25 674K 1.4M 31.78
Buy Not Hit. Sold on very low volume back toward the bottom of its range at 32 where there is solid support and where it has bounced 4 times in the past 5 months. Switching this to play a roll in its range from 32 to 36ish, again taking what the market is giving.
PETS 09/18 Test 18 14.74 -0.48 16.08 19.68 153K 450K 15.08
Current. Holding the 50 day EMA on very low trade. This is where it has held in its trend on the way up so looking for a bounce up off of this low volume selling to support. Needs the market to lighten up a bit to do so but a good relative performer.
PHHM 09/30 DB hdl 9.74 -0.02 10.55 13.75 231K 250K 9.81
Buy Not Hit. Nothing was hurting this pre-fab home builder, holding over the 18 day EMA with a tight range on accelerating, above average volume. Watching this as this volume rise typically precedes a move.
PNRA 09/29 Rev HS 46.50 -5.55 53.65 63.94 1.4M 1.5M 50.11
Buy Not Hit. Dropping as the bread did not rise.
PRXL 08/23 Test BO 26.19 -2.01 33.13 40.95 689K 750K 30.91
Exited.
RIG 09/24 Trnd Rv 96.18 -9.92 126.94 137.95 13M 9M 124.77
Current. Another nasty gap lower as RIG moved to the August 2007 lows. After this selling we are simply looking for a relief move from this one.
SF 09/24 Test BO 48.86 -0.43 50.05 59.89 162K 500K 47.22
Buy Not Issued. Rock solid as it fades slightly on very low trade, testing the Tuesday gap higher. Nice doji over the 10 day EMA. It is, as with many financials, just waiting for the green light to spring higher.
SPY 09/26 Rolling 111.85 -4.21 120.48 125.00 364M 350M 118.39
Current. Rolled down again on rising trade, holding near the Monday low. Now that SP500 is testing the prior low we are watching to see if it bounces post-House vote and gives us a shot at quick upside to take some more positions and then close them when it runs out of gas.
THS 10/01 Asc Bse 31.23 +0.93 31.25 35.88 1.1M 475K 29.66
Entered today. Nice price and volume break higher and we picked up some shares on the move as it held the gains into the afternoon.
TOL 09/27 Cup hdl 23.77 -1.88 26.55 30.95 4.2M 6M 24.69
Buy Not Hit. Sold back in its range in the handle, holding above the 50 day EMA (23.42) on continued below average volume. Just waiting to see of TOL can build a breakout on top of the foundation of this solid base.
TSO 09/08 Trnd Rv 14.42 -1.86 20.03 24.55 8.2M 9.6M 18.63
Current. Continued below average volume as TSO slipped back to the July, early August, and mid-September lows. Will see if it rolls back up from here.
USB 09/30 Test 50 36.31 -0.37 36.69 42.75 17M 30M 34.31
Current. Held flat on low volume as the market exploded lower. Excellent strength.
UTHR 08/09 Test BO 103.98 -2.06 112.07 124.95 559K 800K 108.55
Current. Sold back some more but on low volume and held the 90 day SMA on the close, still in position to form a higher low at this support. It is working through a new base and we will let it as long as it holds in its 9 week base.
VLO 09/25 Rolling 25.88 -3.40 30.31 34.95 15M 13M 29.21
Buy Not Hit. Dropping.
WBSN 09/18 Test 50 20.47 -0.79 23.75 28.55 567K 700K 22.87
Current. Low volume gap lower. Important support at 20ish so looking for WBSN to make some sense and bounce off of that level.
WFC 09/23 Test BO 35.16 -1.54 36.94 41.85 39M 70M 34.35
Current. Held up very well all day and then sold some at the close, but it held support at 35 and very low trade. This is one of the financial leaders and it too is holding up well.
WFC 09/06 Rev HS 35.16 -1.54 33.44 37.95 39M 55M 36.94
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CEDC 09/23 Put 44.00 -2.41 45.11 39.31 482K 1.4M 46.62
Buy Not Issued. Gapped lower but volume was so low we were not ready to bite on the downside move. There is plenty of downside here so if CEDC continues lower after the House vote we can still move in.
DUG 09/30 Rolling 44.97 +5.47 40.65 44.88 17M 25M 43.21
Target Hit. Took part of the gain as DUG jumped higher as oil fell. Still expecting more of an oil decline down toward $85 (closed at 93.69).
EEV 10/01 Test 50 110.87 +12.68 103.11 120.00 1.1M 1.8M 98.21
Buy Not Issued. Gapped higher and we did not chase it out of the gates, looking for a pullback. It never came back and we were not inclined to chase the downside after such a downdraft at the open given the House vote is ahead, though we could have done so and would have been fine. After this pre-vote selling we are expecting some kind of upside recovery after the vote and we will see if that gives us an opening on EEV.
JOYG 09/22 Put 38.71 -2.54 51.98 46.00 5.1M 3.5M 40.88
Target Hit. Gapped lower and sold off so we took the rest of the 129% gain off the table as JOYG was checking up & bouncing near the late September low.
NEM 09/23 Put 34.20 -4.41 42.11 38.88 12M 12M 40.11
Target Hit. May have moved too quickly on this one as NEM collapsed and closed at the session low, but banked the remaining 100% gain and not too upset about that.
SDS 10/01 Test 50 75.13 +5.36 70.88 78.95 37M 40M 68.11
Buy Not Issued. Another downside play that we could have chased after it gapped higher but then just kept moving as SP500 kept selling. Waited for an early test of that gap but nothing came until 1.5 hours of straight selling. Didn't want to step in at that point given the decline. If we get a relief bounce in the market after the House vote we can let it run out of gas and then look for this play again.
SDS 09/22 Trnd Rv 75.13 +5.36 70.86 75.75 37M 35M 74.91
Current. Of course let this one run given the market selling. On another good push lower we will look to take the rest of the gain as we expect a bounce at some point after the House vote.
SPY 09/30 Put 111.85 -4.21 119.78 115.11 364M 320M 120.88
Buy Not Hit. As with other downside plays, SPY gapped lower and sold straight down. Didn't feel like chasing it ahead of the House vote.
End part 2 of 3
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us stock market
stock market today
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