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us stock market, trade stock
Begin part 2 of 3
NOTE: PART 2 PRECEDES PART 1 THIS EVENING.
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VIDEO MARKET SUMMARY
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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
AAN 05/29 DB hdl 33.43 0.00 32.69 38.94 490K 1M 30.12
Buy Not Issued. Lagging along with low volume now and struggling at the highs from late April and early May. Not much to do with here and have better plays to put our attention to so dropped it.
AAPL 04/15 Test 20 143.74 +2.79 119.69 132.77 20M 25M 131.33
Current. Another upgrade for AAPL Thursday and looking good moving higher through some resistance at 140 from 08 lows from April and July. Needs to keep things going and its in solid shape.
AGU 05/11 Test BO 46.86 +1.45 46.11 55.32 3.5M 5M 47.81
Current. Will see how it bounces back off this low from Wednesday. Got a nice start Thursday for some quiet gains and at 47.50 is some resistance from its 18 day EMA and intraday lows from late May so will see if it can keep it up into Friday.
AKAM 05/11 Test BO 22.54 +0.71 21.69 24.95 3.5M 6.2M 20.17
Buy Not Issued. Nice move uphill for AKAM off the 10 day EMA with the market. On rising below average volume and looking good in this Asc bse. Highs at 23.0 as resistance from its early May peaks and the Monday tap at the level as well intraday.
AKS 05/07 Test BO 16.49 +1.52 13.85 17.38 11M 12M 14.55
Current. AKS posting some modest gains through Thursday off its 200 day SMA. Got a nice pullback to the moving average Wednesday and put the leg up on the move here and had above average volume so looks good to keep things pushing higher.
AMSC 05/26 Test 50 27.39 +0.85 26.46 32.24 534K 900K 25.96
Current. Trying to get over the downgrade on Wednesday and doing an okay job thus far. Bounced off the low there at the 18 day EMA for some quiet gains but still not much volume and need to see AMSC pick up the pieces from the Wednesday roughness and make its way uphill gain to break the resistance from 30.0 at its early May and early June highs.
AMX 05/21 Test BO 37.10 +0.09 37.68 43.42 3.8M 8M 36.78
Current. Lick log point for AMX as it gave a doji step laterally along the 18 day EMA. Can't have it break this key level and looks a bit toppy so will keep a close watch on it.
APA 06/02 Test BO 83.28 +0.94 83.10 99.00 3.9M 5M 78.22
Entered today. Gave us the buy with this step laterally along the 10 day EMA. On average volume and in solid shape to get going higher soon after the nice, easy pullback to the 10 day EMA through this week.
APC 05/02 Asc Tri 48.57 +1.52 45.64 52.55 5.7M 8M 47.78
Current. APC getting a modest bounce here with the market Thursday. On fading below average volume and in a nice Asc tri but needs to keep things going and get stronger trade to break resistance at 50.0 from its prior June high and 52.23 from the early May highs and lows from August of 08.
ASIA 04/29 Test BO 21.38 -0.57 17.73 21.64 537K 1M 19.67
Current. Sold a bit through Thursday on low volume. Got on the testing bus as it missed it yesterday and now sits at its late May highs. Looks good with the low trade and will see it rebound again soon. Would take a strong change of character to break this one here.
BOOM 05/28 Pennant 21.88 +2.25 19.57 23.95 742K 500K 18.92
Current. Solid move higher for BOOM through Thursday with some help from the market getting back on track with its breakout this week. On high volume still and pierced the highs from early May and January and late 08 all right near 21.5 so BOOM looking pretty solid, explosive even late this week.
BTU 06/03 Test BO 35.31 +1.30 35.16 39.95 6M 9.5M 32.44
Entered today. Gave us the buy with its rebound from the Wednesday low as it jumped off its 10 day EMA for some decent gains. Fading below average volume and BTU no less strong as it gets back on its feet for the move now.
BTU 05/13 Test BO 35.31 +1.30 30.69 35.91 6M 10M 32.48
Current.
BUCY 06/03 Test BO 32.61 +2.94 31.98 37.95 4.1M 4M 29.74
Entered today. Surged through Thursday on high volume for an impressive session of gains. Just nice, solid action into June and through May as well leading into a swell buy late this week.
CAT 05/16 Test BO 38.02 +1.36 37.11 43.95 11M 18M 34.91
Current. Nice move uphill for CAT. Landed on all fours from the Tuesday and Wednesday pullback and is ready to keep things pushing higher on the rising below average trade. Worth noting as well that it touched the 38% Fibonacci retracement on the late May low and snapped right back up. Thus we look for a move through the May peak and beyond toward 45
CCK 05/19 Asc Bse 24.45 +0.49 24.72 27.95 1.3M 300K 22.99
Current. CCK posting solid upsides Thursday. Bounced off the 10 day EMA on fading below average volume in this Asc bse and looks pretty solid here. Resistance now at the highs from April and mid May at 24.5 so time to get to work.
CHK 06/03 Test BO 23.39 +0.70 23.33 27.95 13M 20M 21.77
Entered today. Modest gains for CHK on below average volume as it starts to clean up after the test through Tuesday and Wednesday. Gave us the buy as it did so and looks strong as it makes ready for the move higher again. Ripping good, as the Brits say.
CME 05/09 Asc Tri 336.71 +8.68 257.78 284.95 1.1M 2M 314.88
Current. Nice rebound off the low from Wednesday. Not much volume but with all the liquidity in the market helping things higher here CME couldn't help but go with the flow and looks good to continue to do so into Friday as well for more gains. Can't exactly complain at this point.
CMG 05/18 Test 50 88.90 +1.88 78.92 89.94 450K 850K 84.88
Current. Gapped uphill with a doji and tested back a bit intraday to the close from Wednesday. On fading below average volume and with this hangman doji it is still in good shape to continue higher.
CMI 05/29 Asc Tri 36.23 +1.11 34.71 40.48 1.7M 4.4M 33.55
Current. CMI posting a good bounce off the low from Wednesday on fading low volume. Holding in this area a bit for now and in a nice Asc tri so ready to get the base back into action once trade helps it out.
CTRP 05/22 FlyPlat 41.83 +1.67 37.88 44.88 954K 2M 37.11
Current. Nice rebound for CTRP Thursday. Recovered the Wednesday losses in one push higher and with light volume no less so letting us know it can get the job done and with volume could really impress us.
DBC 05/13 Test BO 24.02 +0.85 22.11 25.44 2.8M 2.5M 22.91
Current. DBC gapped higher off its Wednesday low and break through its 200 day SMA as it climbed to the close. On fading above average volume and looking pretty solid here if it can break the early June highs at this mark now.
DLTR 05/29 Test BO 44.29 -1.08 45.73 52.75 1.5M 3M 43.68
Exited. Sold after the same store sales and sold hard. Broke its 10 day EMA and highs from late March and April. Key levels it needed to hold or at least see a challenge from but Wednesday's selling only spilled over into Thursday and let us know it was time to get out.
DO 05/26 Cup hdl 86.67 +3.03 79.64 89.94 2.2M 3.5M 84.77
Current. DO looking pretty decent here Thursday. Got a nice rebound from the Wednesday low at its 10 day EMA and on average volume so looking alright to get things going higher in this Cup hdl base.
DRYS 04/21 BO 7.20 -0.22 7.19 8.97 36M 35M 9.84
Current. Gapped lower and on fading below average volume. At the 50 day EMA now as key support along with its lows from late May and highs from late April so needs to hold.
ESRX 06/02 Cup hdl 62.29 -1.10 64.88 74.95 3.9M 4M 61.21
Buy Not Hit. Gave a good step lower as it tests some more into Thursday. Like that its ignoring the market hype on the liquidity and finishing its own business in the test first before it starts higher again in this Cup hdl base. Way to go ESRX.
ESRX 04/27 FlyPlat 62.29 -1.10 61.11 69.95 3.9M 4.8M 62.38
Current.
FCX 03/05 Asc Bse 56.33 +2.67 33.58 38.95 15M 28M 51.64
Current. FCX in a nice move higher off the 10 day EMA on just below average volume. Looking good in the Asc bse and set to keep the move up into Friday unless the jobs report brings it lower for another test which would be great as well.
FCX 12/10 Trnd Rv 56.33 +2.67 24.41 29.85 15M 26M 51.64
Current.
FSLR 06/03 Rolling 184.25 +5.74 180.00 198.00 2.8M 4.5M 174.68
Entered today. Gave us the buy here in its strong push uphill off the lows from May. On just below average trade and ready to keep things pressing higher.
FSLR 05/18 Test BO 184.25 +5.74 189.22 214.88 2.8M 5M 192.32
Current.
HAL 05/28 Dbl btm 22.83 +0.26 23.62 29.88 17M 20M 21.97
Current. Moved laterally along the 10 day EMA. On average volume and love this test into the latter half of the week so looking good to make its Dbl btm push higher again soon.
HITT 05/29 Test 50 36.92 +1.10 36.17 41.88 316K 325K 34.88
Current. HITT on rising high volume and bouncing again off its pullback through Tuesday and Wednesday. Strong trade really helping it out and with this kind of action HITT looks solid to break through resistance from its late April high at 37.8.
HMSY 05/06 Cup hdl 36.91 -0.24 34.43 39.95 267K 600K 35.58
Current. Short step downhill for HMSY on rising below average volume. like this Cup hdl base as HMSY challenges the high from early May now and looks pretty decent so far to get things going uphill again once volume helps it out.
IBM 04/13 Test 20 106.33 -0.16 101.53 114.88 5.5M 15M 103.88
Current. Stepped laterally along the 10 day EMA on fading low volume. Doing well here at the highs from May as support and in solid shape to push uphill again soon out of this solid test since Tuesday.
ICE 05/07 Test BO 119.74 +7.24 94.89 111.65 2.4M 3M 108.89
Current. Surged on rising average volume. Looking good in this solid move uphill through May and now into June and no signs of hitting the brakes now.
ICON 05/29 DB hdl 15.23 -0.61 16.24 19.55 5.9M 1.2M 14.97
Current. Gapped down on the same store sales results but came back from the lows so we will see how it recovers. Has its May lows at 14.0 as well and holds its 18 day EMA now so needs to keep the recovery going.
IDXX 05/16 Test 20 45.25 -1.60 41.65 47.55 495K 700K 41.87
Sold a bit through Thursday as it tested after missing the testing session Wednesday. On fading below average volume and in a nice Asc bse still so can't complain as it starts to test the early June breakout.
ILMN 05/06 Asc Tri 38.84 +0.09 36.48 41.55 1.2M 2.2M 34.98
Current. Short step higher with a doji after some solid gains from Wednesday. Fading below average volume and need ILMN to really show up for work tomorrow and press higher after this breather. Don't want to see it give back the highs it broke through Wednesday from March April and May at 38.2 as it still struggles at the late March high here at 38.8.
JACK 06/01 Test BO 27.32 -0.52 27.89 32.35 456K 1M 25.38
Current. Modest downsides for JACK Thursday. Just a nice quick pullback on light trade to set up for its next push higher. Nothing wrong with that.
JOYG 05/22 Asc Tri 38.36 +2.25 32.27 37.94 6.3M 5.2M 34.32
Current. Gapped higher and made a solid move higher through Thursday. On above average volume and like the Asc tri so set to keep the move going uphill.
JPM 05/13 Test BO 35.35 +1.37 36.74 42.95 71M 125M 34.17
Current. JPM getting a good bounce off the low from Wednesday from its pullback through the first half of the week. Held its May lows nicely along with the highs from late April and looks good to keep the bounce going higher.
MBT 05/27 Rolling 40.72 +0.65 38.54 44.94 2.4M 3M 39.74
Current. Stepped laterally along the 10 day EMA on fading above average volume. Holding its ground at the 10 day and doing well at its testing low for now until it gets back on its feet for the recovery move.
MON 05/16 Test BO 82.90 +1.40 92.38 103.98 6.4M 8M 87.48
Current. Still struggling but has held a key level here at the 90 day SMA after the gap down. 85 to 86 is next key level to tackle in its comeback attempt at its lows from mid May and the highs of mid March and early April.
MOS 05/28 Test BO 53.68 +1.24 56.38 64.95 6.8M 10M 52.43
Current. MOS doing well at its 18 day EMA and low from Wednesday in the test as it bounced here for light gains. On just below average trade and setting up nicely to get going higher again.
MPWR 04/10 Test 20 20.40 +1.01 18.88 22.94 438K 625K 19.22
Current. Bounced where it needed to as it sold back to the 18 day EMA Wednesday in the test as key support. Looks good here back on its feet to make some pushes uphill now.
MRVL 05/26 Asc Bse 11.34 +0.56 11.85 14.00 12M 17M 10.82
Current. Good job rebound here off the low from Wednesday at its key 50 day EMA and uptrend line in the Asc bse. Had to see it make the bounce and did in epic fashion running it close there Wednesday and now back in solid shape for the move higher.
MXIM 05/21 Test BO 16.06 +0.31 14.81 16.98 5.4M 8.5M 15.42
Nice bounce off the 10 day EMA here Thursday. Tested well through Tuesday and Wednesday and on fading below average volume so now looking for MXIM to keep the move going and needs volume to really get into it.
NETL 05/07 Test BO 37.17 +0.88 33.78 40.45 393K 1.1M 34.32
Current. Nice move uphill here for NETL on just below average trade. Doing well coming off the testing low from Wednesday and back on its feet for the recovery move now so needs to break through the May and early June highs right next to 38.0.
NFLX 06/01 Asc Bse 40.71 +0.21 41.22 49.32 1.2M 2.5M 37.55
Buy Not Issued. Moved along the low from Wednesday. Still struggling along the 50 day EMA as resistance but holding the 90 day SMA as it is sandwiched between the two and needs to get over the 50 day EMA again soon to let us in for the buy.
NKTR 05/29 Test BO 6.85 +0.04 6.89 8.45 637K 1M 6.38
Current. Moved laterally along the highs from May and on below average volume still as it consolidates some more along the 6.8ish mark. Looking good taking a breather for now and waiting on volume to help it higher again.
NSM 05/27 Asc Bse 13.99 +0.47 13.59 16.35 5.5M 9M 13.18
Current. NSM doing well here Thursday as it bounced off the Wednesday low at its 10 day EMA and its early May highs. Just below average trade and looks pretty solid in the next bounce of its Asc bse now.
NVLS 06/02 Test BO 18.31 +0.37 18.33 21.99 2.5M 4.2M 17.11
Buy Not Issued. NVLS looking pretty solid here bouncing with the market Thursday. Low trade as it bounced and now holds resistance from its early May highs so needs to press on through and give us the buy with volume.
OPLK 05/27 FlyPlat 11.87 -0.01 11.81 13.95 131K 175K 10.88
Current. Stepped laterally along this high from early June. Hanging here for now until this rising volume can kick it back into shape for the move higher.
OXY 05/21 Test BO 68.62 +1.75 63.24 72.78 5.5M 10M 64.91
Current. Gapped higher and climbed through Thursday. Met some resistance from its prior June highs at 68.6ish as it closed at the levels and needs to pick up the trade to really press on through now.
PCU 06/03 Test BO 23.14 +0.89 21.44 24.98 4.2M 6M 20.48
Buy Not Issued. The new position attempt for us never gave us a test back as PCU just bounced through Thursday after starting lower Wednesday. Given the other stocks that were in good position we held off to see if we get another shot into Friday with the jobs report.
PCU 05/19 Pennant 23.14 +0.89 20.41 24.98 4.2M 6.5M 20.88
Current.
PLT 05/02 Pennant 17.80 -0.20 13.01 15.65 354K 875K 16.98
Current. Moved laterally along the 10 day EMA just taking it easy here. Finishing up its test from Wednesday and on fading below average trade so until trade can give it a hand PLT looks to hang here at the 10 day a bit longer.
POT 05/08 Test BO 114.79 +4.13 96.01 109.94 6.6M 20M 109.32
Current. POT doing well Thursday as it bounced off the 18 day EMA and late May low. On fading below average volume and back on the positive side of things but needs volume now to keep things going.
POT 04/27 Rolling 114.79 +4.13 82.64 89.95 6.6M 12M 109.32
Current.
QCOM 05/27 Rev HS 45.29 +1.71 42.69 48.94 21M 24M 42.68
Current. Surged through Thursday after the solid test through Tuesday and Wednesday. Wouldn't have minded another day to test but looking solid no less and on above average volume to help the move into Friday.
QLD 05/22 Rolling 38.95 +0.77 32.81 35.93 20M 30M 36.88
Nice push uphill for QLD through Thursday. Not much trade here as the levels were below average again but looking decent walking uphill again. Just some modest gains into the close and got some help from the market so will see if it can continue through Friday or if it gets a test with the jobs report.
QLGC 05/27 Rev HS 14.01 +0.22 14.02 16.45 1.5M 4M 13.08
Buy Not Issued. Short step higher off the 10 day EMA for some modest gains. On fading below average volume and like the Rev HS base but still no volume so still no buy.
SCHN 05/14 Test BO 55.21 +2.30 49.54 56.98 503K 900K 51.66
Current. Nice push uphill for SCHN off the 18 day EMA and low from Wednesday. On light volume so needs to pick up that side of things to really get going higher again.
SIGM 04/29 Pennant 15.37 -0.02 13.14 16.22 481K 1M 15.38
Current. Stepped laterally along the 10 day EMA on rising just below average trade as it stalls here at its testing low some more. Like the pick up in trade and will see if it can get things rolling higher now.
SINA 05/20 Test 20 33.00 +0.99 29.58 33.95 934K 2M 30.89
Current. Keeping things pressing uphill after a nice bounce from Wednesday as well. Picking up the pace but needs volume to do the same now to keep it going.
SLB 05/19 Test 18 58.31 +1.42 54.97 62.95 9.2M 16M 54.98
Current. Short step uphill here for SLB as the market helped it higher. Not much volume so need to see SLB make its move on its own now and push through resistance here from its early May high and early June peaks as well at 58.8.
SLB 04/27 Test BO 58.31 +1.42 49.00 55.95 9.2M 15M 54.98
Current.
SLG 04/25 Cup hdl 26.70 +1.74 18.86 25.88 3.6M 6M 23.64
Current. Great push higher for SLG Thursday on rising below average volume as it continues on higher into June now. Like the Cup hdl base as well and ready to see the positive action keep up.
SNDA 05/28 FlyPlat 63.36 +1.90 57.47 65.95 1.3M 1.8M 57.78
Current. Gapped uphill on average trade and climbed to the close. Not a bad move by any means and SNDA looking pretty solid here to keep it going Friday unless we get a test off the jobs report which really wouldn't hurt either.
SOHU 05/22 Test BO 67.10 +0.20 54.77 64.95 1.3M 3M 62.11
SOHU 05/07 Test BO 67.10 +0.20 55.38 64.95 1.3M 3M 62.11
Current. Sold back to 65.0 at its June closing lows as support and bounced to close positive. Nothing extraordinary, just reassuring and SOHU in good shape here to work higher from this gap of early June.
SPIL 05/09 Test 18 7.50 +0.19 7.27 8.96 2.5M 2.6M 7.04
Current. SPIL getting a nice move higher through Thursday on average volume as it gets a little restless at this testing low. Like the Asc bse and SPIL looking pretty solid now in this move through June.
SPN 05/19 Test 18 22.76 +0.47 22.10 28.45 1.1M 1.8M 22.44
Current. Got a modest bounce off the selling low from Wednesday. Pretty quick test and hanging near this low a bit longer thanks to support fro mits 10 day EMA so needs volume to pick itself up and get going again.
SSO 05/22 Rolling 27.45 +0.50 24.68 26.85 40M 85M 26.98
Short step uphill here Thursday for SSO on fading low volume. Hanging at these June highs and support from its 10 day EMA and early May highs as support so looking strong. Just needs to get off this low volume and give itself a chance at the move higher again.
STJ 05/16 Asc Tri 40.40 +0.01 37.55 43.65 4.2M 4.8M 38.48
Current. Stepped laterally along the doji from Wednesday and the early June high here. On fading above average trade here and looking good at this mark just taking it easy for now and ready to make its next push higher in the Asc tri. Would be nice to get a test Friday with the jobs report first though.
SU 05/21 Test BO 34.16 +1.76 31.33 37.85 12M 15M 33.78
Current. Gapped higher and climbed through the 10 day EMA. Did well Wednesday at its testing low at the 18 day EMA and early May high and now back on its feet for some gains.
SY 05/19 Test 50 33.89 +0.41 34.02 39.48 1.3M 2M 31.98
Current. Nice move uphill here for SY on rising now just below average trade. Looking good as it steadily works its way uphill and now challenges its May highs at 34.0.
SYNA 06/01 Test BO 37.57 +2.06 36.74 41.95 1.7M 1.6M 33.88
Buy Not Issued. SYNA posting a solid push uphill with the market Thursday on rising above average volume off its 10 day EMA. If it can keep the move up from here we're in.
TQNT 05/18 Asc Tri 5.07 +0.22 4.08 5.22 1.7M 2.2M 4.48
Current. TQNT getting a modest bounce off the Wednesday low on average trade here. Not bad and can get going again from here in this Asc tri base but needs volume first and would have liked more of a test first.
TTEK 06/01 Cup hdl 27.47 +0.12 26.55 20.88 353K 625K 24.72
Buy Not Issued. Doji step higher and continues to wander away without the test so dropping it until it gives one.
TYL 05/05 Test BO 17.04 -0.02 16.35 20.45 174K 575K 15.97
Current. Moved laterally along the high from Wednesday at support here from its late May highs. Consolidating for now on light trade and with volume can really get going uphill again.
UCO 05/20 BO 13.04 +0.95 10.50 12.88 4.8M 9M 11.77
Current. UCO looking pretty solid as it got a solid gap higher off the Wednesday low and is now at resistance from its prior June highs so needs to get a hold on stronger volume and break through.
UPL 05/12 Test BO 46.00 +0.88 48.41 54.95 1.5M 3M 45.38
Current. UPL with a quiet step higher Thursday on fading below average volume. At solid support from its May lows still all back at 44.0 that can really give it a backbone in the move after tapping that level two sessions in a row now and with volume UPL looks good to get back on its feet for the move higher.
V 05/13 Test BO 69.52 +1.29 65.78 74.94 14M 13M 65.96
Current. Surged up to 71.2 before it fell over from there and close with some modest gains. Need to see now if this late turnover to the close brings it lower into Friday on this high trade as well and with the jobs report.
V 04/10 Test BO 69.52 +1.29 60.82 69.95 14M 12M 65.96
Current.
VAL 06/02 Test BO 23.66 -0.12 23.78 27.95 579K 1.2M 22.14
Buy Not Issued. Climbed up to 24.1 and fell from there to close with a short step lower. Taking it easy for now until this low volume washes out to give VAL some real fuel to work with.
VARI 05/26 Asc Bse 37.45 +0.06 36.24 41.88 661K 450K 34.97
Current. Stepped laterally along the highs here for June. On high volume and like the Asc bse so looking for VARI to continue its move higher from here in the base.
WFR 06/02 Test BO 20.17 +0.98 20.12 24.98 5.1M 8.5M 18.38
Entered today. Gave us the buy in its solid rebound off the Wednesday low at support from its 10 day EMA and highs from March, April and May in the quick test this week and cleared its 200 day SMA. Solid move higher and on rising below average trade so looking strong.
XME 06/03 Test BO 39.91 +1.71 39.73 45.95 4.7M 3.8M 36.57
Entered today. XME giving us a great buy window, which we took, as it popped off the 10 day EMA after the Wednesday test. Great rebound and high volume with XME in solid shape to press through.
XME 05/22 Test BO 39.91 +1.71 36.06 42.88 4.7M 3.5M 37.69
Current.
XTO 05/14 Test BO 41.59 +0.67 41.71 49.85 6.7M 12M 41.77
Current. Short step higher for XTO Thursday with below average volume now. Holding key support from its 18 day EMA and needs to continue to do so to stay out of trouble.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
NFLX 05/13 HdShldr 40.71 +0.21 36.76 34.04 1.2M 3M 39.22
Current. Still hanging here at resistance from its 50 day EMA so the fight isn't over yet. Needs to continue to hang here and break back down below its 90 day SMA.
PETM 05/28 HdShldr 21.01 +0.09 19.77 18.24 2.6M 2.4M 21.18
Buy Not Issued. Moved laterally here along its 18 day EMA as resistance here. On rising above average trade and needs to continue to hold its ground to stay out of trouble.
POT 05/20 Put 114.79 +4.13 113.74 105.76 6.6M 12M 114.72
Current. Bounced off the 18 day EMA on fading below average volume. just a quiet bounce here with the market on light trade and needs to get the reins back on this bounce to turn downhill again.
SKF 05/21 Dbl Top 39.67 -2.51 45.90 54.95 34M 55M 42.88
Exited. Financials came to life here Thursday and SKF let us know it was time to exit as it sets up to make its push higher now and continues to hold these consolidation lows as support.
SPY 04/24 Put 94.53 +0.88 86.65 80.42 210M 350M 87.22
Current. SPY on fading low volume as it gave a short step higher with a doji. Hanging at the June highs as resistance nicely and needs to keep it up and break back below its 200 day SMA and highs from May at 92.5.
SPY 04/22 Put 94.53 +0.88 84.05 80.42 210M 350M 85.69
Current.
End part 2 of 3
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