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us stock market, trend trading stock
Begin part 2 of 3
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NOTE: PART 2 PRECEDES PART 1 THIS EVENING
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CONTINUING PLAY LIST
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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
AAPL 11/01 DB hdl 86.29 -3.62 108.74 124.75 42M 65M 107.44
Current. Held up remarkably well on the session until the last few minutes when it fell off but still held above the last Thursday low. Not a great selloff but ready to play AAPL on a rebound toward 110 if you can believe that. You often have to do what your mind and gut don't want to with respect to the market.
AAPL 10/14 Trnd Rv 86.29 -3.62 95.12 119.95 42M 60M 107.44
Current.
ADM 11/11 Trnd Rv 22.14 -3.65 24.78 29.95 14M 1.2M 24.11
Current. Dumped lower, just taking out the 50 day EMA (22.50) on the close. Volume jumped well above average. It makes this move just as several articles hit about how ADM is one of the stocks bucking the downtrend. Will see if this was an aberration day as ADM had one of these days to start the month and recovered immediately.
AFAM 11/13 Test 50 42.77 -4.12 45.77 57.95 316K 400K 42.57
Buy Not Issued. Caught in the selling, fading to the 50 day EMA (42.23) on overall below average volume. Still testing and will see how it holds here at key support and whether we can get a buy on it. Lowered the buy as well.
ALK 10/18 Rev HS 20.82 -4.53 25.49 30.45 1.4M 1.6M 24.48
Current. Airlines were shot down Wednesday. ALK managed to hold the 200 day SMA after a quick and sharp selloff. After such a bad day will look for a bounce to see if it can get over the 50 day SMA at 22 as a starter. If not, we have to sell it.
APC 11/05 DB hdl 35.96 -2.20 35.87 41.95 8.6M 13M 38.58
Current. Held up well until late, but volume remained low and APC remains in its overall uptrend.
CASY 11/14 Rev HS 28.59 -1.88 30.49 36.75 1.5M 855K 28.25
Current. Was thrown out with the rest of the market but held over the 50 day EMA (28.23) and expect it to bounce. Have to eat and a good pattern with plenty of support.
CBST 11/13 Test BO 22.47 -0.39 24.12 30.95 1.9M 1M 22.43
Buy Not Hit. Holding over the 50 day SMA (22.34) it sold to on Tuesday. Did its selling early. Set for the bounce. Needs to show it with some strength.
CEPH 11/14 DB hdl 74.27 -1.31 75.57 86.95 2.7M 1.6M 72.54
Current. Nice intraday surge to 77.84 but could not hold it, rolling back to negative. Still in very solid.
CF 11/13 Rev HS 44.49 -5.90 52.57 63.95 4.3M 6M 48.89
Buy Not Hit. Dropping for now but will see how it reacts when it hits the bottom of the range for a bounce. Don't want to short after four down days.
CHK 11/08 DB hdl 19.30 -1.81 22.38 29.95 21M 40M 20.81
Buy Not Issued.
CHK 11/01 DB hdl 19.30 -1.81 24.87 29.95 21M 40M 22.92
Current. Sold but light volume and still in the range of the past week.
CMC 10/29 Dbl btm 7.68 -1.14 11.87 16.95 2.9M 3.5M 11.12
Exited. Could not muster any strength and volume was rising on the weakness so pulled it off the table.
DIA 11/18 Rolling 80.36 -3.98 83.78 89.92 50M 500M 81.78
Current. DJ30 is the only index that did not hit a new low so figured it was worth hanging around and watching to see if a bounce materializes.
DLTR 11/06 DB hdl 36.92 -0.66 40.08 47.95 3.8M 3M 37.27
Buy Not Issued. Hanging in the pattern, holding right at the 50 day EMA on the close.
EMS 11/08 Test BO 34.38 -1.63 35.20 41.38 189K 450K 35.88
Current. Faded to the 18 day EMA on very low, below average volume. The 34 level also represents support form the September peak. This is where it should hold on a test of the solid breakout.
EPIQ 11/17 DB hdl 14.82 -0.37 14.98 17.95 466K 450K 13.93
Buy Not Issued. Took the day off. May pullback more toward the 10 day EMA (14.40) before it turns back up.
EWBC 10/29 Trnd Rv 13.69 -1.07 16.25 19.89 1.2M 2M 16.28
Current. Fell through the 200 day SMA (14.31), holding at the 90 day SMA on the close. Still a good pattern overall.
FDO 11/11 Cup hdl 26.48 -0.86 28.30 33.95 4.8M 5M 26.32
Current. Sold but is holding its pattern, tapping at the 50 day EMA on the low (26) and rebounding. Like how it is biding its time and holding up as the market sells.
GOOG 10/29 Dbl btm 280.18 -17.24 370.57 399.75 7.8M 9M 354.88
Current. Fell to the Thursday low on lower, below average volume. Will see if it bounces off this level as didn't give us any upside after working laterally Monday and Tuesday.
GXDX 11/17 Test BO 33.96 -1.44 36.21 41.95 288K 345K 34.89
Buy Not Issued. Still coming back, but rebounded from session lows to close on the 50 day EMA. Still waiting to show us the upside break.
HAL 10/20 Dbl btm 16.18 -1.48 18.71 25.95 18M 26M 18.48
Current. Tapped the 10 day EMA and faded to a new closing low for the month. Very low volume. It is at the bottom of its range so want to see it turn up from here.
HMSY 11/12 DB hdl 24.35 -1.18 25.84 29.95 179K 375K 24.62
Buy Not Issued. Sold off with the market, but low volume and the action only took it to the bottom of its handle. Just letting it ride through this and see if it gives the breakout on the other side.
HOTT 11/18 Rev HS 7.10 -0.30 7.51 9.85 1.4M 1.2M 6.98
Buy Not Hit. Not so hot Wednesday, but not bad either. Rallied nice before giving it back, still holding the pattern. Will see if this one can ride it out as well.
IWM 11/17 Dbl btm 41.36 -3.67 45.72 54.65 96M 145M 43.88
Buy Not Issued. The small caps dove lower. Going to drop this one for now but watch for it to show a bottom that will start a trade back upside.
LHCG 11/11 Test BO 31.65 -2.50 32.98 39.75 279K 400K 31.91
Current. Good move Tuesday then right back down Wednesday in sympathy with the market. Held just over the 18 day EMA on the close. Volume dropped off to below average. LHCG is just trying to ride through the selling while holding its breakout.
LMNX 11/12 Test BO 20.60 -1.83 23.45 27.21 316K 500K 21.12
Current. Thumped down to the 200 day SMA on the close but volume was lower and well below average. No heavy selling but no buyer support at all. Has to hold over 20; if it cannot find support or bounce from there need to close it or watch it go to 18 where it gapped higher in early November.
MITI 11/10 Test 50 3.99 -0.36 4.11 5.11 84K 350K 3.89
Buy Not Issued. Not great but held support at 4 and on very low volume. At the bottom of the 2.5 month range in the pattern. Just letting it finish this consolidation.
MON 10/28 Dbl btm 70.07 -4.74 85.88 98.00 9.1M 12M 89.91
Current. Sold off again with a gap but it is still above the two October lows. Given the gap, the volume, the proximity of the prior low, leaving it to see if it will roll back up in the trading range from 69 to 95.
MOS 11/18 Trnd Rv 28.75 -2.62 32.65 47.95 11M 15M 30.36
Buy Not Hit. Will let MOS test toward the bottom of the range and see if it can start the bounce. Dropping for now.
MYGN 11/14 Test BO 62.25 -3.85 68.15 79.95 1.3M 1.4M 67.11
Buy Not Hit. Dropping as it breaks key levels. Will keep watching it to see if it can shape up.
PCLN 11/17 Trnd Rv 55.25 -1.56 56.51 64.00 1.4M 3M 53.11
Current. Sold back but held up nicely at the 10 and 18 day EMA on low trade. Sympathy with the market but holding up much better.
PETS 09/18 Test 18 17.74 -0.03 16.08 19.68 855K 450K 17.78
Current. Held at the 10 day EMA on the close after an up and down session on a sharp jump in already above average volume. Like how it refuses to give in.
QCOR 10/16 Cup hdl 8.43 -0.20 7.59 9.21 828K 1.2M 8.31
Current. Easy hold at the 10 day EMA on the close. Hit a new high to start the month, showing good volume. Bounced up that way this past week but volume was mediocre and it made a lower high this past week. Not in danger but needs to hold its gains during this selling.
RAH 11/18 Asc Bse 60.39 -7.59 69.55 79.95 1.9M 1.5M 65.97
Buy Not Hit. Dropping.
RRC 11/14 Trnd Rv 38.53 -3.24 40.81 49.88 2.9M 5.5M 38.42
Current. Fell right back down after a good Tuesday move. Managed to hold near the 50 day SMA (38.73) on the close. Low trade so we are looking for RRC to hold the line and continue the improvement shown the past week.
SLB 11/13 Dbl btm 47.30 -2.93 52.08 62.95 16M 18M 49.77
Buy Not Issued. Tapped the 18 day EMA on the high (51.30) and faded, selling more in the last half hour as the overall market was taken down. Critical that SLB hold near the current level to keep the pattern in shape.
SMG 11/17 Cup hdl 26.88 -1.39 28.31 33.95 702K 1.2M 26.33
Buy Not Issued. Needed a test, and a good low volume faded to the 10 day EMA on the close is a classic pullback. May take a couple of days to finish this pullback but it is setting up a buy for us if it holds the pullback. A break over 27.50 on solid trade is a buy.
SPN 11/04 DB hdl 14.39 -2.54 16.01 24.95 2.1M 2.5M 16.21
Current. Sold off more than other energy stocks, putting SPN back at the October lows. Strong volume. Has to give a bounce from the bottom of this range.
SPY 11/18 Trnd Rv 81.50 -5.58 86.31 93.95 558M 450M 80.77
Entered today. Bonus alert. This one came back on us in an ugly way. Needs the Dow to lead it higher.
SRCL 11/14 DB hdl 59.24 -1.89 59.03 67.95 2.7M 1M 58.87
Current. Faded to fill the gap from Monday the day after it joined the SP500.
SSO 11/18 Rolling 22.18 -2.45 25.04 28.52 121M 90M 21.97
Entered today. Came back hard on us after picking up a few positions early. Market will give an oversold bounce, but not going to let this tank on us.
STLD 10/29 Trnd Rv 6.32 -0.96 12.05 15.95 6.2M 9M 11.11
Exited.
STLD 10/20 Dbl btm 6.32 -0.96 10.76 15.65 6.2M 10M 11.11
Exited.
TFSL 10/30 Test BO 12.72 -0.53 13.51 16.31 1M 1M 12.56
Current. After holding up very well TFSL threatens a breakdown below the 50 day EMA.
TS 11/15 Trnd Rv 20.02 -2.34 22.88 29.45 3.4M 6M 21.38
Buy Not Issued. Flopped lower as most metals suffered on the session. Turning back from its consolidation attempt so it will have to show us something here at 20 to make it interesting.
WCN 11/06 DB hdl 32.83 -1.81 34.92 39.95 817K 1.4M 34.12
Current. Selling was light until the last few minutes when it dumped to the 200 day SMA. Volume was lower and below average. Key support for it to hold.
WFT 11/10 Rolling 11.63 -0.84 13.25 19.95 12M 20M 12.91
Sold back to the bottom of the range on continued low volume.
XOM 11/18 Trnd Rv 73.42 -2.91 77.54 93.88 57M 65M 73.38
Buy Not Hit. Tried the 90 day SMA (76.20) again but could not make the break. Turned and sold back, but it is a stocks that remains in its range.
XTO 10/29 DB hdl 32.86 -0.76 34.70 40.95 14M 20M 35.45
Current. Volume moved up to average as XTO again stalled at the 10 and 18 day EMA. Still holding its range of the past week and money flow remains solid. This is where it needs to hold.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
IDXX 11/10 Put 30.73 -1.12 33.51 28.55 836K 855K 31.78
Current. Tapped the 10 day EMA on the high and added to the losses as it continues to trend lower below that 10 day EMA (33).
End part 2 of 3
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us stock market
trend trading stock
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