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Begin part 2 of 3
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 04/15 Test 20 143.85 -0.82 119.69 132.77 33M 25M 131.33
Current. Sold off as it had its developers' conference and landed at the 10 day EMA, but rebounded to cover most of the losses. Faster iPhone, cheaper and fast Macbooks. Still buying it on the dip but this is not a closed question on this pullback. High volume so see how it responds tomorrow and expect a bounce.
AKAM 05/11 Test BO 21.60 -0.58 21.69 24.95 2.5M 6.2M 20.17
Buy Not Issued. Sold through Monday on low volume back below its 18 day EMA as the market went through a scattered pullback here. AKAM still in the solid Asc bse so not blowing an artery or anything on the move here as it tests and held key support from the 50 day SMA and uptrend line at 21.0.
AKS 05/07 Test BO 17.40 -0.23 13.85 17.38 9.4M 12M 15.07
Current. Steel stock that felt the dollar strength but still quite strong action as it only gave a doji step lower and is set to resume higher now once it gets back into shape off this breather.
AMSC 05/26 Test 50 26.01 -1.08 26.46 32.24 595K 900K 25.96
Current. Time for it to make a stand here as it gapped lower and sold back to close just below its 18 day EMA and now needs to recover.
AMX 05/21 Test BO 37.12 -0.36 37.68 43.42 4.9M 8M 36.78
Current. Holding where it has to at support from its 18 day EMA, but it needs to make a bounce from here or its in trouble. On rising below average volume and needs to get it together.
APA 06/02 Test BO 83.04 +0.78 83.10 99.00 3M 5M 78.22
Current. Very good action in a weak energy, commodities session as it bounced off support from the 18 day EMA on fading below average volume and now looks great to get back on its feet for the move higher.
APC 05/02 Asc Tri 48.23 -0.14 45.64 52.55 5M 8M 47.78
Current. Stepped lower with a doji to the 10 day EMA and on fading below average volume but still in good shape in this Asc tri base as it tests a bit more here into Monday. Like the pullback for early June and APC setting up nicely for its next bounce higher off support.
ASIA 04/29 Test BO 20.90 -0.48 17.73 21.64 522K 1M 19.89
Current. Gapped back to the 10 day EMA on low volume. Holds support nicely from the moving average and its mid May high and setting up nicely from this quiet pullback to continue on higher soon.
BHI 06/04 Test BO 38.67 -0.46 40.32 48.95 4.3M 6M 37.68
Buy Not Issued. Could be a good shakeout here with its deep reach lower intraday to 37.5 before rebounding to hold its 200 day SMA and 18 day EMA. Solid support so need to see the shakeout follow through now and continue uphill.
BOOM 05/28 Pennant 22.14 -0.56 19.57 23.95 843K 500K 20.44
Current. Short step downhill on high volume. Dreary market overall and rebounded nicely from its low at 21.1 and looks good now filling in the quiet gap higher from Friday.
BTU 06/03 Test BO 34.22 -1.14 35.16 39.95 6.1M 9.5M 32.44
Current. Gapped lower and sold a bit to the 10 day EMA and highs from May. Solid support here and on rising below average volume so looking pretty good in this Asc bse to resume higher this week.
BTU 05/13 Test BO 34.22 -1.14 30.69 35.91 6.1M 10M 32.48
Current.
BUCY 06/03 Test BO 30.46 -2.47 31.98 37.95 6.1M 4M 29.74
Current. BUCY selling a good bit through Monday getting the blunt of negative side of the session. High volume and at support from the 10 day EMA and looking for BUCY to ease lower. Don't want to see this high volume get out of control so needs to get its hand back on the steering wheel now.
CAT 05/16 Test BO 38.57 +0.10 37.11 43.95 14M 18M 34.91
Current. Reached back to the 18 day EMA on just below average volume and in good shape to get going higher again soon once trade picks up off this nice test to start the week.
CCK 05/19 Asc Bse 24.11 +0.09 24.72 27.95 1.3M 300K 22.99
Current. Nice rebound for CCK here as it gapped lower to the 18 day EMA and sold back to 23.5 only to rebound off the moving average and close positive at the bell. On low volume but keeping up the Asc bse no less and looking strong.
CE 06/06 DB hdl 21.63 +0.42 21.66 24.95 3M 4M 20.14
Entered today. Gave us the buy with its bounce off the 18 day EMA. Got a great test through late last week and has fading below average volume here but sets up very nicely in this DB hdl base now to resume higher. Resistance at 22.0 from its June and May highs now so has work to do.
CHK 06/03 Test BO 22.92 -0.36 23.33 27.95 14M 20M 21.77
Current. Short step downhill here at the close Monday with CHK at the 10 day EMA after a great intraday rebound to form a hangman doji. Tapped the 200 day SMA all the way back at 22.0 and rebounded so looking solid now to get back on its feet and continue on higher into Tuesday.
CME 05/09 Asc Tri 331.37 -2.40 257.78 284.95 852K 2M 316.08
Buy Not Hit. Doji step lower Monday to the 10 day EMA and June lows at 325-330ish. On fading low volume as it rests here some more so still needs volume to get back on track in this Asc tri
CMG 05/18 Test 50 83.06 -2.37 78.92 89.94 1.1M 850K 83.22
Current. Rising high volume as it gapped lower and sold back to the 18 day EMA. Just continuing the test here off the doji peak from last Thursday that was pretty abrupt and now needs to hold its ground at the 18 day.
CMI 05/29 Asc Tri 35.94 -0.30 34.71 40.48 1.5M 4.4M 33.55
Current. Moved along these June highs taking it easy some more. Market somewhat dreary Monday in parts and on low volume so CMI just taking a breather until trade helps it out.
COH 06/06 Test BO 26.83 -0.09 27.46 32.42 4.1M 9M 25.57
Buy Not Hit. Still at the 10 day EMA as it posted a doji on fading low volume and holds the highs from May. Looks good at support and ready to get back on its feet after this nice, steady pullback through June. Very nice.
CTRP 05/22 FlyPlat 44.34 -0.05 37.88 44.88 946K 2M 38.76
Current. Reached back to 42.5 at the early June highs and bounced to close flat with a tight doji. On below average volume and like this walk higher through May and June and CTRP ready to keep things pushing higher from here now.
DBC 05/13 Test BO 23.83 -0.06 22.11 25.44 2.5M 2.5M 22.91
Current. Moved lower along the 200 day SMA for a second session in a row now. Thankfully still holding but want to see it hit the brakes at 23.5 from its June intraday lows minus the grand screw-up from last Wednesday as it sold back to 23.0 to test the 10 day EMA. 10 day EMA now at 23.5 as well so time to hit the brakes and hold everything at once.
DE 06/04 DB hdl 45.80 -0.67 46.84 55.89 5.2M 6.5M 43.56
Buy Not Issued. Short step downhill here to the 10 day EMA and mid May lows as support. Like this doji test and has just below average trade so looks good setting back up for the DB hdl base once trade helps it out. Just needs to be mindful of resistance at 47.8sh from its prior June and early May highs.
DO 05/26 Cup hdl 88.41 +1.17 79.64 89.94 2.6M 3.5M 84.77
Current. Solid move uphill here for DO on just above average volume. Really getting going nicely in this Cup hdl base and can't complain as it sets up to break on through the prior June and late May highs at 90.0.
DRYS 04/21 BO 7.10 +0.02 7.19 8.97 30M 35M 9.84
Current. Rebounded off the 50 day SMA on rising below average volume to hold its 50 day EMA as key support along with its late May lows and late march highs. So, doing its job at key support and setting up nicely now for the bounce from this long early June test.
ESRX 06/02 Cup hdl 64.39 +1.05 64.88 74.95 4.3M 4M 61.21
Buy Not Issued. Looking solid as it bounces off the 10 day EMA for impressive gains Monday. Just above average volume and at the highs from May and early June now so needs to press through.
ESRX 04/27 FlyPlat 64.39 +1.05 61.11 69.95 4.3M 4.8M 62.38
Current.
FCX 03/05 Asc Bse 56.48 -0.68 33.58 38.95 12M 28M 51.64
Current. On low volume as it gave a quiet step lower with the market Monday. Tested its 10 day EMA intraday back at 55.0 and bounced and now looks pretty decent getting restless at this testing low and ready to resume the bounce from last Thursday uphill again.
FCX 12/10 Trnd Rv 56.48 -0.68 24.41 29.85 12M 26M 51.64
Current.
FLEX 06/06 DB hdl 4.13 +0.03 4.28 5.44 4.4M 9.8M 3.82
Buy Not Hit. sold back to the 200 day SMA at 4.16 and bounced from there to close flat. Low volume and still getting June worked out struggling at resistance from its early May high at 4.25 and needs to hold its ground now and get stronger trade to give us the buy.
FSLR 06/03 Rolling 183.97 +1.87 180.00 198.00 3.1M 4.5M 174.68
Current. It tested nicely Monday back to its 50 day EMA near 170 and then bounced on strong trade meaning the buyers moved on in. The one concern is that it broke into the consolidation range. Good action overall though and FSLR starting a nice takeoff.
FSLR 05/18 Test BO 183.97 +1.87 189.22 214.88 3.1M 5M 192.32
Current.
HAL 05/28 Dbl btm 22.80 -0.02 23.62 29.88 12M 20M 21.97
Current. On low volume as it gapped lower to the 18 day EMA at 22.4 and bounced to close flat at the 10 day EMA as support again and its late May highs. Again, light trade as it just rests some more and looks solid taking it easy at this testing low for now.
HITT 05/29 Test 50 35.95 0.00 36.17 41.88 235K 325K 34.88
Current. Sold back to the 18 day EMA at 35.2 and rebounded to close at 0.0 on the session. Average volume as it holds the 10 day EMA and after a strong rebound here to start the week HITT looks solid to get going uphill again.
HMSY 05/06 Cup hdl 36.34 -0.57 34.43 39.95 243K 600K 35.58
Current. Stepped downhill to the 10 day EMA and mid May highs as well as the March peak all at 36.0. Doing well at support and has rising below average trade with the 18 day EMA just below this level as well. Nice test so far but needs to keep things under control as it has.
IBM 04/13 Test 20 107.49 +0.25 101.53 114.88 6.4M 15M 103.88
Current. Reached back to the 18 day EMA at 105.5 and rebounded to close with a short step higher. Not bad and not much volume so not surprising we got a light move higher but either way IBM looks strong fighting off the sellers and rising to the occasion.
ICE 05/07 Test BO 118.11 +3.25 94.89 111.65 1.9M 3M 108.89
Current. Great rebound off the Friday low here at the 10 day EMA and early June lows near 111. Just below average volume and back on its feet with a nice move uphill and ICE set to continue higher into Tuesday at this rate.
IDXX 05/16 Test 20 44.46 -0.61 41.65 47.55 413K 700K 41.87
Maybe looking at new positions here as it gave a doji step lower with downside momentum continuing to fade into support now from its 10 day EMA and early May high all at 44.0. Looks to be the low of the test here and IDXX ready for the move higher now.
ILMN 05/06 Asc Tri 37.93 -0.79 36.48 41.55 808K 2.2M 34.98
Current. Gapped lower and sold back to the 10 day EMA. Modest supports at this mark and on below average volume so looking for ILMN to hold its ground and stay positive out of this test now to resume its Asc tri move higher.
IR 06/06 Pennant 22.77 -0.01 22.93 26.55 5.7M 7.5M 20.57
Entered today. Got in on IR with its test and rebound off the 10 day EMA and early June highs at 22.0 during Monday. On just below average volume and sets up nicely here after the gap higher from Friday for the move now.
JACK 06/01 Test BO 26.56 -0.90 27.89 32.35 578K 1M 25.38
Current. JACK continuing lower in this early June test. Now at the 18 day EMA and April highs as it tried higher intraday and tapped 28.0 before failing so needs to hit the brakes here at key support.
JOYG 05/22 Asc Tri 39.81 -0.82 32.27 37.94 5.9M 5.2M 37.42
Current. Reached lower intraday to 38.04 and filled in the gap from Friday before closing with a short step downhill. On above average volume and like this Asc tri base as it just makes a quick test Monday and looks good to continue higher after this hangman doji.
JPM 05/13 Test BO 35.39 +0.84 36.74 42.95 62M 125M 34.17
Current. JPM rebounding from the Friday low very nicely as it recovered the 18 day EMA on low trade thanks to support from its May lows and April highs all at 34.0. Not much volume but still in decent shape muscling back to positive.
MBT 05/27 Rolling 41.18 -1.40 38.54 44.94 1.5M 3M 39.74
Current. Looking at a new position on MBT with its nice, easy pullback to the 10 day EMA here after the doji gap higher from Friday. Filled things in and with low volume so ready for the bounce now off the test through early June.
MEOH 06/04 Cup hdl 12.86 -0.03 12.84 15.45 559K 875K 11.78
Buy Not Issued. Moved laterally along the Friday high and resistance here from its early May highs all at 13.0. Key resistance for MEOH so needs to get the job done.
MON 05/16 Test BO 82.79 +0.81 92.38 103.98 4.8M 8M 87.48
Current. MON getting a modest rebound off the 90 day SMA. Fading below average volume as it made its bounce and looking solid getting back on its feet here but could use more volume to really pose a viable threat to resistance crammed into 84.0 from its 50 day EMA, 200 day SMA, 18 day EMA and May lows.
MOS 05/28 Test BO 51.76 -1.37 56.38 64.95 4.5M 10M 52.43
Current. Gapped lower and sold back to 50.7 on fading below average volume before rebounding to hold its late May and early June intraday lows. Just under its 18 day EMA now though and needs to bounce to save itself.
MPWR 04/10 Test 20 19.98 -0.12 18.88 22.94 294K 625K 19.22
Current. MPWR taking a quiet step downhill here with the market. Holding up well here in the test as it hangs at the 10 day EMA after tapping the 18 day EMA intraday at 19.4 and rebounding. On fading below average volume so with trade MPWR can really help itself higher again.
MRVL 05/26 Asc Bse 11.21 -0.16 11.85 14.00 8.5M 17M 10.82
Current. Gapped lower and held at its 18 day EMA as resistance after selling all the way back to 10.9 and rebounding. At the underbelly of the 18 day though and needs to press on through. Looks to hang here a bit until trade can help it with the move though.
MU 06/06 Cup hdl 5.29 -0.01 5.48 6.88 13M 25M 5.04
Buy Not Hit. Moved laterally along the Friday low here just taking it easy closing at 0.0. Fading below average volume with MU looking good in this Cup hdl base and will start moving higher again soon as it finishes up this test.
MXIM 05/21 Test BO 16.07 +0.40 14.81 16.98 5.4M 8.5M 15.42
Nice hold at the 18 day EMA and early May peak as support as it tapped the support there at 15.5 intraday and bounced to close well positive. Still hanging in the consolidation range between 15.5 and 16.0 at the testing low from the early June selling but can't complain as it sets up very nicely no less for its next move higher.
NETL 05/07 Test BO 36.67 -0.04 33.78 40.45 240K 1.1M 34.32
Current. May get a new buy out of this short step lower through Monday with the doji on fading low volume. Quite a swell pullback and NETL ready for the gains now.
NFLX 06/01 Asc Bse 38.81 -0.38 41.22 49.32 1.2M 2.5M 37.55
Buy Not Issued. Gapped lower and closed with a hangman doji. On low volume so the downside looks to be done for now and will see if NFLX can recover the harsh downsides from early June now.
NKTR 05/29 Test BO 6.47 -0.27 6.89 8.45 503K 1M 6.38
Current. Sold a good bit Monday back to the 18 day EMA. On just below average volume and at its late May lows as well so needs to hold.
NSM 05/27 Asc Bse 13.95 +0.31 13.59 16.35 6.7M 9M 13.18
Current. Nice bump in volume as NSM moved off the test of early May peak for some modest gains in the Asc bse and with volume continuing to rise very nicely into this week it looks good to press on higher.
NVLS 06/02 Test BO 17.62 -0.39 18.33 21.99 3.2M 4.2M 17.11
Buy Not Issued. Sold a bit more into Monday back to its 50 day SMA. On rising below average volume still testing here and holding nicely at support for now and ready to get going higher again on this rising trade.
OPLK 05/27 FlyPlat 11.95 -0.23 11.81 13.95 178K 175K 10.88
Current. Stepped lower off the Friday bounce for some light losses but nothing too severe as it still holds the late May high and early June lows as well as the 10 day EMA. So, solid support here and on rising above average trade so looking good to continue higher from here after the breather.
OXY 05/21 Test BO 68.33 +0.10 63.24 72.78 5.5M 10M 64.91
Current. Reached lower intraday to 66.4 to test at its early May highs and on fading below average volume. A bit volatile for now bouncing around the upper 60s and waiting on stronger trade to give it the final say to take it higher again.
PCU 06/03 Test BO 22.79 -0.23 21.44 24.98 3.8M 6M 20.48
Buy Not Issued. Sold back to 22.0 at the 10 day EMA and rebounded nicely to close with a short step lower. On low volume testing here and looking pretty solid in this Asc bse so press on higher again.
PCU 05/19 Pennant 22.79 -0.23 20.41 24.98 3.8M 6.5M 20.88
Current.
PLT 05/02 Pennant 17.44 +0.06 13.01 15.65 330K 875K 16.98
Current. Moved laterally along the 18 day EMA on below average trade still. Hanging here nicely at the moving average and its highs from Mid May so looking solid to surge higher soon from this steady pullback through last week.
POT 05/08 Test BO 111.94 -1.69 96.01 109.94 5.8M 20M 109.32
Current. This is getting interesting. This 18 day EMA test will be the decision maker on this move for the near term so needs to do its job now and hold its ground to stay on our good side.
POT 04/27 Rolling 111.94 -1.69 82.64 89.95 5.8M 12M 109.32
Current.
QCOM 05/27 Rev HS 45.37 -0.03 42.69 48.94 13M 24M 42.68
Current. Sold back to the 10 day EMA at 44.4 and rebounded nicely on fading below average volume to close flat. Great intraday test and QCOM ready for more positives now unless this fading trade puts a hold on the move for now.
QLD 05/22 Rolling 38.75 -0.30 32.81 35.93 17M 30M 36.88
Moved laterally along the June highs here with fading below average volume. Looks calm for now hanging at the upper 30s on light volume but with trade can work wonders to the upside.
QLGC 05/27 Rev HS 13.70 -0.20 14.02 16.45 1.7M 4M 13.08
Buy Not Issued. QLGC testing some more into Monday back to the 18 day EMA. Held up well there through the session to the close and on light volume so looking strong here in this Rev HS base to press higher if it can continue to hold its ground here now.
SCHN 05/14 Test BO 54.50 -2.03 49.54 56.98 794K 900K 51.66
Current. Short step lower to the 10 day EMA on rising above average volume. At the May highs as resistance and need to see it put this strong volume to work now to get going uphill.
SIGM 06/04 Test 50 15.44 -0.14 15.91 19.72 280K 975K 14.84
Buy Not Hit. SIGM moving along the 10 day EMA just continuing to consolidate along the 15.5s and on fading low volume now. Steadily ascending through June but without volume it has no legs to really run and give us the buy.
SIGM 04/29 Pennant 15.44 -0.14 13.14 16.22 280K 1M 15.38
Current.
SINA 05/20 Test 20 33.37 +0.14 29.58 33.95 1.6M 2M 30.89
Current. Sold back to the 10 day EMA intraday at 31.9 and bounced to close positive back at the June highs. Like this above average volume to go along with it as well so SINA looking pretty solid as it begins working its way higher again.
SLB 05/19 Test 18 57.33 +0.06 54.97 62.95 8.1M 16M 54.98
Current. SLB just hanging on here at its 10 day EMA after the rush lower from Friday. Tapped its 18 day EMA intraday at 55.6 and looks good to press on higher from here after this solid intraday test.
SLB 04/27 Test BO 57.33 +0.06 49.00 55.95 8.1M 15M 54.98
Current.
SLG 04/25 Cup hdl 25.70 -0.81 18.86 25.88 2.7M 6M 23.64
Current. SLG continuing a bit lower off the Friday turnaround into this test to start the week. On low trade so looking to be a quick pullback to this 10 day EMA and early June high as support back at 24.9 before it starts uphill.
SNDA 05/28 FlyPlat 61.64 -0.62 57.47 65.95 1M 1.8M 58.76
Current. Sold hard back to 58.7 and rebounded from there to close with just a short step lower. Great job cutting out the losses intraday and set for a smooth test towards 60.0 at the 10 day EMA now before resuming higher.
SNDK 06/06 Asc Bse 15.58 -0.09 16.11 19.45 5.8M 11M 14.68
Buy Not Hit. On fading below average volume here as it gave a doji step laterally along the low from Friday. Doing well but needs volume to get this Asc bse whipped back into shape and break its April, May and June highs at 16.0.
SOHU 05/22 Test BO 66.90 -1.10 54.77 64.95 1.3M 3M 63.04
SOHU 05/07 Test BO 66.90 -1.10 55.38 64.95 1.3M 3M 63.04
Current. Reached back to 65.0 at the 10 day EMA and June session lows before rebounding and closing with a nice hangman doji. Indicates some more upsides from here and with the rising below average volume SOHU looks good for the move soon.
SPIL 05/09 Test 18 7.07 -0.21 7.27 8.96 2.4M 2.6M 7.04
Current. Gapped lower over the 18 day EMA and sold back to the 50 day SMA and late May lows. On average trade here and thankfully bounced from that low to recover some of the losses so looking for SPIL keep the rebound going into Tuesday and start uphill out of the test into this week.
SPN 05/19 Test 18 22.01 -0.57 22.10 28.45 553K 1.8M 22.44
Current. Not as good of action as other energy stocks, but did hold at a key point at the highs of October and November of 09 so set up nicely to start uphill from here.
SSO 05/22 Rolling 27.26 -0.22 24.68 26.85 47M 85M 26.98
On below average volume with its doji at the 10 day EMA in the step lower for some light losses. At the highs from early May and session lows of June so has solid support here and is set up nicely to hold its ground and rebound.
STJ 05/16 Asc Tri 39.48 -0.97 37.55 43.65 3.2M 4.8M 38.48
Current. Sold back to the 10 day EMA and late May high as support. On rising just below average volume and still in a solid Asc tri base so letting it test and has key support at 38.0ish from its highs of April and May and the near 18 day EMA.
SU 05/21 Test BO 33.84 -0.61 31.33 37.85 8.1M 15M 33.78
Current. Gapped lower to the 10 day EMA and held its ground there. On below average volume and ready to press on higher from here after this low volume test into this week.
SY 05/19 Test 50 33.83 -0.10 34.02 39.48 1.2M 2M 31.98
Current. Sold back to the 18 day EMA intraday at 33.2 and rebounded from there to close at its 10 day EMA as support. Like the rising below average volume and in a nice Asc bse so after this hang up at resistance from the May highs SY looks strong for the push higher.
SYNA 06/01 Test BO 36.79 -0.62 36.74 41.95 1.1M 1.6M 33.88
Buy Not Issued. On rising below average volume Monday as it continued lower from the Friday test back to its 10 day EMA now. Steadily working its way uphill here but can't get in until it shows some stronger volume.
TQNT 05/18 Asc Tri 5.13 -0.06 4.08 5.22 1.5M 2.2M 4.59
Current. TQNT holding its ground here on just below average volume as it hangs at the doji high from Friday. Friday gave a tombstone doji which typically indicates some selling coming this way for TQNT and it got its pullback early on Monday to 4.9 but made the rebound and now looks solid to continue on higher in the Asc tri.
TYL 05/05 Test BO 16.82 -0.12 16.35 20.45 118K 575K 15.97
Current. Stepped lower to the 10 day EMA on fading low volume. Nice, quiet pullback before TYL sets up again for its next move higher again in this Asc bse.
UCO 05/20 BO 12.95 +0.11 10.50 12.88 3.3M 9M 11.77
Current. Stepped laterally along the high here for UCO on low volume. Just taking a breather at these June peaks and doing well holding its ground but needs to get back into shape after this vacation and can do so with volume.
UPL 05/12 Test BO 45.90 -0.51 48.41 54.95 1.1M 3M 45.38
Current. Gapped lower and sold back to 44.8 before rebounding and holding at the underside of its 10 day EMA. Weak resistance but resistance no less and with this low volume UPL needs to get a grip and rebound.
V 05/13 Test BO 69.80 +0.52 65.78 74.94 5.2M 13M 65.96
Current. V rebounding nicely from the 10 day MEA for some modest gains. Still holding these June highs and on low volume so V just needing stronger trade and its golden.
V 04/10 Test BO 69.80 +0.52 60.82 69.95 5.2M 12M 65.96
Current.
VAL 06/02 Test BO 23.18 -0.32 23.78 27.95 495K 1.2M 22.14
Buy Not Issued. Gapped lower to the 18 day EMA on fading low volume here. Just continuing the test for now and with downside momentum fading VAL looks good to set up its recovery bounce now.
VARI 05/26 Asc Bse 37.53 -0.56 36.24 41.88 180K 450K 36.11
Current. VARI holding its ground here at the June highs just taking it easy on low volume. Set up nicely to work its way higher again in this Asc bse after this pit stop.
WFC 06/04 Pennant 25.39 +0.67 25.66 29.95 66M 200M 23.63
Buy Not Issued. Nice bounce uphill for WFC off its 18 day EMA on low volume as it rebounded off the Friday low here at the 18 day for some solid gains. Consolidating some more along the 24-26 range until this low volume washes out and WFC gets something to work with again.
WFR 06/02 Test BO 19.51 -0.28 20.12 24.98 4.7M 8.5M 18.38
Current. WFR stepped downhill Monday on below average volume after a great rebound from its tap at the 18 day EMA at 18.2. Holds the 200 day SMA and looking strong here now but needs to stay above this level to stay out of trouble.
XME 06/03 Test BO 39.51 -0.73 39.73 45.95 4.8M 3.8M 36.57
Current. Gapped lower and sold back to 38.0 as it held the May highs and rebounded to close well of its low. Rising high volume and like this Asc bse as well with XME looking solid now resetting for the move higher.
XME 05/22 Test BO 39.51 -0.73 36.06 42.88 4.8M 3.5M 37.69
Current.
XTO 05/14 Test BO 40.51 -0.05 41.71 49.85 7.6M 12M 41.77
Current. Holds its 40.0 line at the May lows and on just below average volume so looking good at this testing low for now until trade can give it a hand in the recovery move.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
NFLX 05/13 HdShldr 38.81 -0.38 36.76 34.04 1.2M 3M 39.22
Current. Gapped lower with a doij and held the late May lows. On fading below average volume and looks to make the test here towards 40.0 at its 18 day EMA after this hangman doji at hard support.
PETM 05/28 HdShldr 21.41 +0.22 19.77 18.24 1.7M 2.4M 21.18
Buy Not Issued. Dropped PETM with its move uphill through key resistance from the 50 day EMA. Had to see it hold its ground there and couldn't so pulled the plug.
POT 05/20 Put 111.94 -1.69 113.74 105.76 5.8M 12M 114.72
Current. Gapped downhill to the 18 day EMA to post a hangman doji at the moving average and these lows from last week and late May all at 110. This doji typically indicates a bounce coming so we look for POT to get its testing bounce and then continue on lower.
SPY 04/24 Put 94.16 -0.39 86.65 80.42 238M 350M 87.22
Current. Just consolidating some more with SP500. Hanging here at the June highs just taking it easy for now and at the 10 day EMA and highs from early May so with volume can be strong and positive again.
SPY 04/22 Put 94.16 -0.39 84.05 80.42 238M 350M 85.69
Current.
End part 2 of 3
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