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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
AAPL 04/15 Test 20 142.72 -1.13 119.69 132.77 24M 25M 131.33
Current. Reached back to the 10 day EMA 140.5 and bounced from there thanks to support to close with as short step lower. Continues its test and on above average volume so AAPL looking solid for now in this pullback.
AKAM 05/11 Test BO 22.29 +0.69 21.69 24.95 2.7M 6.2M 20.17
Buy Not Issued. Solid move higher here for AKAM off its 10 day EMA. On rising below average volume with some mixed moves higher in the session and AKAM doing well here. With resistance at 23.0 from its prior June highs and early May highs around that mark as well AKAM has to keep things going.
AKS 05/07 Test BO 19.10 +1.70 13.85 17.38 20M 12M 16.11
Current. Gapped higher and surged to the close for some impressive gains with its sector. On high volume and in great shape in this Cup hdl base to continue on higher.
AMSC 05/26 Test 50 27.21 +1.20 26.46 32.24 572K 900K 25.96
Current. Surged off the 18 day EMA on below average volume here just bouncing uphill and getting back into shape on the recovery move now but needs to see trade pick up the pace to help out.
AMX 05/21 Test BO 36.83 -0.29 37.68 43.42 4.5M 8M 36.78
Current. Started uphill up to 37.6 and fell from there to close back at these low for June and May support here as well just at 36.0. Needs to hit the brakes and get back on track and can do so with volume and an expected push higher with the market now.
APA 06/02 Test BO 83.70 +0.66 83.10 99.00 3.4M 5M 78.22
Current. Short step higher here on rising below average as it came back to test the 18 day EMA into Monday and now sets up nicely to get the recovery move going.
APC 05/02 Asc Tri 48.46 +0.23 45.64 52.55 5.7M 8M 47.78
Current. Started higher up to the prior June highs to hit 49.3 and fell from there to close back at the 10 day EMA. Still in a nice Asc tri base but without volume isn't getting much farther from here.
ASIA 04/29 Test BO 21.54 +0.64 17.73 21.64 626K 1M 19.89
Current. ASIA doing well with its rebound from the testing low of Monday at its 10 day EMA late May highs/early June lows all at 21.0. On rising below average volume and back on track now in this move higher so needs to press through the June highs at 22.0.
BHI 06/04 Test BO 39.64 +0.97 40.32 48.95 4M 6M 37.68
Buy Not Issued. Gapped higher on fading below average volume for some modest gains. Staggering higher on the lack of volume and has resistance at 40.5 from its early May high and June highs just above there so needs to get into shape here and or it gets the axe.
BOOM 05/28 Pennant 22.10 -0.04 19.57 23.95 523K 500K 20.44
Current. Moved laterally along these highs here on just above average trade hanging at the June peaks. Resting for now but setting up nicely to get back on track after this breather.
BTU 06/03 Test BO 35.68 +1.46 35.16 39.95 5.9M 9.5M 32.96
Current. BTU looking solid with its bounce off the 10 day EMA. Got a nice press higher here Tuesday with its sector and at the June highs now at 36.0 so needs to press on through here and looks great to do so with the market set to push higher.
BTU 05/13 Test BO 35.68 +1.46 30.69 35.91 5.9M 10M 32.96
Current.
BUCY 06/03 Test BO 31.32 +0.86 31.98 37.95 2.7M 4M 29.74
Current. Gapped higher off the low from Monday for some quiet gains. Not much volume with BUCY resting at this testing low for now and ready to get back onto the positive side of things Wednesday.
CAT 05/16 Test BO 38.24 -0.33 37.11 43.95 10M 18M 34.91
Current. Moved laterally along the June highs and mid May high as resistance. Stalling here for now on fading below average volume and has key resistance at 40.0 as well from its 200 day SMA so need to see CAT get it together here.
CCK 05/19 Asc Bse 24.20 +0.09 24.72 27.95 1.2M 300K 22.99
Current. Short step higher with a doji on fading low volume. Key resistance at 24.5 from its mid April, mid May and early June highs now so with this expected market bounce and solid Asc bse behind CCK's move started back in February it can get the job done. Volume would really be nice though.
CE 06/06 DB hdl 23.13 +1.50 21.66 24.95 2.8M 4M 20.58
Current. Surged off the 10 day EMA getting a solid pres higher through resistance from its early May high and looks solid now to keep things running higher into Wednesday in this DB hdl base.
CHK 06/03 Test BO 22.88 -0.04 23.33 27.95 12M 20M 21.77
Current. Reached back to the 18 day EMA on fading low volume. Bounced from there for a modest rebound to hold its 10 day EMA and held its highs from mid-late May as well thanks to price support at 23.0 and like this Asc bse as well with CHK in great shape for the next move higher out of the pullback through early June.
CME 05/09 Asc Tri 332.99 +1.62 257.78 284.95 799K 2M 316.08
Current. Doji step laterally along the June highs here. On fading low volume and still just taking it easy until volume helps it higher again in this Asc tri base.
CMED 06/08 Test BO 24.17 +0.08 23.04 28.85 483K 750K 22.32
Buy Not Hit. Did not test as much as we wanted as it hangs at the low from Monday so waiting to see if it does fade a bit more. If not we can look at it here.
CMG 05/18 Test 50 84.62 +1.56 78.92 89.94 734K 850K 83.22
Current. Nice step higher off the 10 day EMA and its tap back at the 18 day EMA intraday back at 82.0. On average volume and out of the test through late last week and into Monday CMG looks pretty solid to get going higher again from here.
CMI 05/29 Asc Tri 35.99 +0.05 34.71 40.48 1.8M 4.4M 33.55
Current. Stepped laterally along the low from Monday with low trade to go with it. Needs volume to take the Asc tri move higher again but for now just taking it easy at solid supports.
COH 06/06 Test BO 27.94 +1.11 27.95 32.78 5.3M 9M 25.88
Entered today. Gave us the buy with its surge off the 10 day EMA for solid gains through Tuesday. Rising below average volume as well and looking good to keep things positive into Wednesday and break its early June highs at 28.4.
CTRP 05/22 FlyPlat 45.24 +0.90 37.88 44.88 1M 2M 41.66
Current. Nice move higher for CTRP keeping things going higher through Tuesday on below average volume. Steady positives through May and now June and looks pretty good to keep things going from here.
DBC 05/13 Test BO 24.06 +0.23 22.11 25.44 2.2M 2.5M 23.22
Current. Gapped up off its low at the 200 day SMA from Monday. Good to see it back on its feet and making some space away from the 200 day and looking good to really get going once volume helps it out and the rest of the market looks to make a move higher into Wednesday.
DE 06/04 DB hdl 45.94 +0.14 46.84 55.89 4.2M 6.5M 43.56
Buy Not Issued. Stepped laterally along the 10 day EMA and this key trendline at highs of early 09 and way back in 06 so DE looking pretty solid here working its key support nicely for some gains. With volume can really get going and needs to do just that with resistance from its May and June highs at 47.5.
DO 05/26 Cup hdl 91.21 +2.80 79.64 89.94 3.1M 3.5M 85.79
Current. Gapped higher and climbed a bit through Tuesday. Rising above average volume and DO shaping up very nicely into the midweek sessions as it takes things up a notch.
DRYS 04/21 BO 7.31 +0.21 7.19 8.97 34M 35M 9.84
Current. DRYS with a gap higher off its 50 day EMA as key support at its testing low from Monday and late last week. Cleared its 18 day EMA in the gap and looking good now with rising below average volume.
EDU 06/08 Asc Bse 59.54 +2.13 58.21 66.95 759K 850K 55.97
Entered today. Gave us the buy as it surged off the 18 day EMA on rising above average volume which is pretty impressive given its low levels from Monday and last Friday. back on its feet and broke its early June highs into the 59s so looking solid.
ESRX 06/02 Cup hdl 63.64 -0.75 64.88 74.95 2.2M 4M 61.21
Buy Not Issued. Started higher up to resistance from its early may high and fell back to close with a short step lower to the 10 day EMA. Like the Cup hdl base but needs volume to get back on its feet and give us the buy.
ESRX 04/27 FlyPlat 63.64 -0.75 61.11 69.95 2.2M 4.8M 62.38
Current.
FCX 03/05 Asc Bse 58.96 +2.48 33.58 38.95 17M 28M 53.11
Current. Gapped uphill and surged to the close breaking its highs from early June near 57.5 to close looking pretty solid and with this rising now average volume so looking good to keep things going higher in the Asc bse.
FCX 12/10 Trnd Rv 58.96 +2.48 24.41 29.85 17M 26M 53.11
Current.
FLEX 06/06 DB hdl 4.21 +0.08 4.28 5.44 7.2M 9.8M 3.82
Buy Not Hit. Short step uphill on rising just below average volume as it gets the engines started again. At resistance now from its early June high and early May peak as well at 4.25 and time to get to work now.
FSLR 06/03 Rolling 182.88 -1.09 180.00 198.00 2.5M 4.5M 174.68
Current. Short step lower for FSLR on fading below average volume to the 18 day EMA and near the May lows at 180. Resting some more at this testing low until volume can give it a boost.
FSLR 05/18 Test BO 182.88 -1.09 189.22 214.88 2.5M 5M 192.32
Current.
HAL 05/28 Dbl btm 22.94 +0.14 23.62 29.88 13M 20M 21.97
Current. Stepped laterally along the 10 day EMA on rising below average volume. Taking it easy here in the Dbl btm for now until volume steps in to help it higher again.
HITT 05/29 Test 50 36.65 +0.70 36.17 41.88 195K 325K 35.11
Current. HITT making a nice move higher here off its 10 day EMA. Tapped the prior June highs at 37.0 and needs to press on through resistance there soon. This fading below average volume won't help it much though so needs to get trade into shape and fuel up for the move.
HMSY 05/06 Cup hdl 36.00 -0.34 34.43 39.95 205K 600K 35.58
Current. Needs to jump off this doji from Tuesday at the 18 day EMA as it stepped lower through Tuesday to key support. Do or die time.
IBM 04/13 Test 20 108.14 +0.65 101.53 114.88 8.6M 15M 104.91
Current. Doji step higher for IBM and tried to move higher up to 109.14 and couldn't hold the move so now sits at the June highs as resistance with a tombstone doji so looking for IBM to test a bit unless the market can pull it higher in an expected bounce soon.
ICE 05/07 Test BO 117.84 -0.27 94.89 111.65 2.2M 3M 108.89
Current. Stepped laterally along the 120 mark as resistance. On rising below average volume here and need to see ICE get its stuff together here and resume higher especially with an expected market bounce midweek.
IDXX 06/08 Test BO 44.80 +0.34 45.14 51.95 304K 700K 42.94
Buy Not Issued. Stepped laterally along the 10 day EMA on fading below average volume. Hanging at this testing low just taking it easy at support from its 10 day and early May high and that is alright with the low trade helping it hold its ground as well.
IDXX 05/16 Test 20 44.80 +0.34 41.65 47.55 304K 700K 41.87
ILMN 05/06 Asc Tri 38.32 +0.39 36.48 41.55 1.6M 2.2M 36.11
Current. Short step higher with a doji for some quiet gains Tuesday. On rising now average volume and still in a solid Asc tri so needs to keep the positive action going and its back on the positive side of things from this early June pullback.
IR 06/06 Pennant 22.83 +0.06 22.93 26.55 6.3M 7.5M 20.57
Current. Resting some more at these June highs in the low 20s. On rising below average volume and looking for IR to get back onto the move higher after this doji breather for early June with trade rising.
JACK 06/01 Test BO 26.47 -0.09 27.89 32.35 303K 1M 25.38
Current. After this doji step laterally along the 18 day EMA it is on the bubble and needs to move or we can it in favor of better movers.
JOYG 05/22 Asc Tri 41.00 +1.19 32.27 37.94 5.5M 5.2M 37.42
Current. Watch this one. Big run gap to a doji. If it gaps lower and cannot rebound look at taking some more option gain off the table. Not exactly in trouble, just maybe extended; maybe not.
JPM 05/13 Test BO 35.26 -0.13 36.74 42.95 59M 125M 34.17
Current. Stepped laterally along the 10 day EMA on fading low volume. Consolidating along the mid 30s some more through June and don't blame it on this lack of volume.
MBT 06/08 Test BO 40.66 -0.52 41.65 48.55 1.3M 2.7M 38.92
Buy Not Hit. Still like this pullback for MBT as it hangs at this testing low some more at the 40.0 mark and 10 day EMA. Looks good at support but needs volume to get going higher again.
MBT 05/27 Rolling 40.66 -0.52 38.54 44.94 1.3M 3M 39.74
Current.
MEOH 06/04 Cup hdl 13.31 +0.45 13.08 15.78 757K 875K 11.97
Entered today. Doji gap higher here for MEOH. On rising above average volume and in solid shape to keep things pushing higher from here on the rising volume and Cup hdl base. Great.
MON 05/16 Test BO 85.07 +2.28 92.38 103.98 6.4M 8M 87.48
Current. Wow. Signs of life of MON again after a nice bounce from the 90 day SMA Monday with a gap higher Tuesday and surge into the mid 80s past its 200 day SMA and 50 day EMA. Now at resistance from its early April high and early February high as well so needs to press through on this rising just below average trade.
MOS 05/28 Test BO 53.73 +1.97 56.38 64.95 4.5M 10M 52.43
Current. Bounced off the 18 day EMA for some quiet gains. On low volume and looking to steadily work higher with the market and get a recovery move going now.
MPWR 04/10 Test 20 21.60 +1.62 18.88 22.94 431K 625K 19.66
Current. Surged through Tuesday on rising below average volume. Great move uphill here off the 18 day EMA and broke through its early June highs as well so looking solid to keep things going uphill.
MRVL 05/26 Asc Bse 12.84 +1.63 11.85 14.00 48M 17M 11.33
Current. Gapped higher and surged off the 10 day EMA. Quite a move from MRVL and on huge trade as well so can't complain as it looks great to continue the breakout from here in the Asc bse.
MU 06/06 Cup hdl 5.58 +0.28 5.62 6.97 18M 25M 5.12
Entered today. Jumped in on MU with its rising below average volume breakout off the doji low from Monday. Great move higher and in a nice Cup hdl base as well ready to keep things going higher from here.
MXIM 05/21 Test BO 16.74 +0.67 14.81 16.98 5.7M 8.5M 15.88
Gapped higher and surged to the close. Broke over its early June highs into the upper 16s and has light trade so will see how far it can get now in this move earl this week.
NETL 06/08 Cup hdl 37.83 +1.16 38.21 42.95 400K 975K 35.08
Entered today. Gave us the buy with this nice move higher through Tuesday. At resistance from its May and early June highs now and looking for NETL to keep things going higher on the rising below average volume.
NETL 05/07 Test BO 37.83 +1.16 33.78 40.45 400K 1.1M 35.08
Current.
NFLX 06/01 Asc Bse 39.01 +0.20 41.22 49.32 1.1M 2.5M 37.55
Buy Not Issued. Short step higher for NFLX on low volume. Trying to get back on the positive side of things and needs to pick up stronger trade to really get the job done with resistance from its 18 day EMA, 50 day EMA and 90 day SMA between 40 and 41.
NKTR 05/29 Test BO 6.48 +0.01 6.89 8.45 291K 1M 6.38
Current. NKTR on the bubble here as it hangs at the lows of late May and early June now just below the 18 day EMA and has some serious rebounding to do now or we cut the cables.
NSM 05/27 Asc Bse 14.57 +0.62 13.59 16.35 7.3M 9M 13.58
Current. They were buying the crap out of NSM call options today. That often precedes a quick spike as it did Tuesday with a hard gap higher and got a nice reach lower intraday to fill in the gap tapping its intraday high from last Friday back at 14.1. Rising above average volume and will see if it can continue on higher from here.
NVLS 06/02 Test BO 18.20 +0.58 18.33 21.99 3.6M 4.2M 17.11
Buy Not Issued. Nice move uphill here for NVLS on rising above average trade. Starting uphill again out of this pullback through early June and with volume picking up here NVLS looks good for the buy soon.
OPLK 05/27 FlyPlat 11.98 +0.03 11.81 13.95 104K 175K 11.48
Current. Stepped laterally along the 10 day EMA on fading below average volume. Hanging here just taking it easy and will see if it can get back into shape for the move higher with the market expected to bounce soon.
OXY 05/21 Test BO 69.04 +0.71 63.24 72.78 4.7M 10M 64.91
Current. Doji gap higher for OXY on fading below average volume. Nice Cup hdl base and OXY struggling on volume for now so needs to pick up that side of things to get back in a move higher.
PCU 06/03 Test BO 23.90 +1.11 21.44 24.98 4.4M 6M 21.65
PCU 05/19 Pennant 23.90 +1.11 20.41 24.98 4.4M 6.5M 21.65
Current. Surged off the step lower from Monday for some solid gains here. Rising below average trade and starting things positive again so can't complain and in great shape to keep up the good work.
PLT 05/02 Pennant 17.25 -0.19 13.01 15.65 263K 875K 16.98
Current. Moved laterally along the 18 day EMA and highs from mid May. On fading below average volume so needs to get stronger trade before it can go anywhere.
POT 05/08 Test BO 115.54 +3.60 96.01 109.94 6.5M 20M 109.32
Current. POT posting a nice move higher here on rising below average volume off its 18 day EMA and like this rising trade so POT looking pretty solid to get the ball rolling.
POT 04/27 Rolling 115.54 +3.60 82.64 89.95 6.5M 12M 109.32
Current.
QCOM 05/27 Rev HS 46.03 +0.66 42.69 48.94 15M 24M 43.68
Current. Gapped higher with a doji for some modest gains on rising below average volume. Positive action looks good and ready to continue it into Wednesday.
QLD 05/22 Rolling 39.40 +0.65 32.81 35.93 17M 30M 37.69
Short step higher here for QLD on fading low volume. Trying to find its wheels but still no volume in the move but will see if the expected market bounce can give it a hand now.
QLGC 05/27 Rev HS 13.74 +0.04 14.02 16.45 1.8M 4M 13.08
Buy Not Issued. Stepped laterally along the 18 day EMA on low volume. Taking it easy for now just resting at the moving average and with volume looks good to get back on its feet in the Rev HS base.
SCHN 05/14 Test BO 58.25 +3.75 49.54 56.98 837K 900K 53.39
Current. Surged off the 18 day EMA on rising above average volume. Like to see things churning uphill for SCHN and got some help from its sector's success as well and looking solid now to keep things pressing higher.
SIGM 06/04 Test 50 16.06 +0.62 15.91 19.72 492K 975K 14.84
Buy Not Issued. SIGM in solid shape moving through Tuesday on rising just below average trade and looking strong as it posted some nice gains here. Back on track off the testing lows at 15.5ish from June and looking good for the buy as it continues this positive action.
SIGM 04/29 Pennant 16.06 +0.62 13.14 16.22 492K 1M 15.38
Current.
SINA 05/20 Test 20 32.93 -0.44 29.58 33.95 2M 2M 30.89
Current. Moved laterally along this June high here with rising above average volume. Like the rising volume and things starting to shape up nicely for SINA to get back on its feet.
SLB 05/19 Test 18 58.85 +1.52 54.97 62.95 9.1M 16M 55.62
Current. SLB with a gap higher and on rising below average trade as it starts things uphill again. Resistance now from its June highs and the early May peak as well so need SLB to keep the move going and press through resistance into the 60s.
SLB 04/27 Test BO 58.85 +1.52 49.00 55.95 9.1M 15M 55.62
Current.
SLG 04/25 Cup hdl 24.92 -0.78 18.86 25.88 3.2M 6M 23.64
Current. Short step lower again for SLG as it continues to test from last Friday's turnover from the Cup hdl high. On rising below average volume and looking for SLG to hold its ground now at the 10 day EMA here and early June highs to get back on its feet soon.
SNDA 05/28 FlyPlat 63.66 +2.02 57.47 65.95 1.2M 1.8M 58.76
Current. Surged off the 10 day EMA on rising now average volume. At the June highs and looking good to press through into the upper 60s now.
SNDK 06/06 Asc Bse 16.44 +0.86 16.42 19.45 9.8M 11M 14.98
Entered today. Solid move higher for SNDK on rising above average volume for the buy as it surged through resistance from its June and early May high into the mid 16s. Couldn't turn this down with SNDK ripe for the press higher.
SOHU 05/22 Test BO 68.87 +1.97 54.77 64.95 1.1M 3M 64.57
SOHU 05/07 Test BO 68.87 +1.97 55.38 64.95 1.1M 3M 64.57
Current. SOHU posting some modest gains on fading below average volume. Getting back on track and in solid shape to do so but needs volume to really keep things pushing uphill.
SPIL 05/09 Test 18 6.95 -0.12 7.27 8.96 2.6M 2.6M 7.04
Current. Did not move in an upside chip market Tuesday as it just gapped lower to its 50 day SMA and the May lows here. Needs a big bounce off this doji now to get on our good side.
SPN 05/19 Test 18 22.92 +0.91 22.10 28.45 783K 1.8M 22.44
Current. Gapped higher over the 10 day EMA as resistance. On rising below average volume and at the highs from early May so needs to get things into shape and continue higher with the rising volume.
SSO 05/22 Rolling 27.47 +0.21 24.68 26.85 41M 85M 26.98
Doji step laterally along these June highs consolidating some more at the height of this Rev HS base and with volume its back on its feet as it just rests for now in the upper 20s.
STJ 05/16 Asc Tri 39.07 -0.41 37.55 43.65 3.8M 4.8M 38.48
Current. It did tap the Feb-May peaks and bounced so we left it after this dip lower to the 18 day EMA as well. Needs to show a strong move off of here or we put the money elsewhere though.
SU 05/21 Test BO 35.04 +1.20 31.33 37.85 12M 15M 33.78
Current. Gapped higher off the doji low from Monday. Modest gains here and on rising now average volume so looking good starting to come out of the test through early June.
SY 05/19 Test 50 33.46 -0.37 34.02 39.48 1.8M 2M 31.98
Current. Stepped lower through Tuesday to the 10 day EMA. Testing some more and hanging in these low 30s on rising above average volume so needs to kick things into higher gear and break resistance at 34 from its May and June highs for starters.
SYNA 06/01 Test BO 40.10 +3.31 36.74 41.95 2.9M 1.6M 33.88
Buy Not Issued. Dropped SYNA with its surge off the 10 day EMA. Took off early and never gave us the shot for the buy point so had to give it the axe.
TQNT 05/18 Asc Tri 5.57 +0.44 4.08 5.22 5.9M 2.2M 4.89
Current. Surged off the 10 day EMA on rising high volume. Like this Asc tri bas and TQNT looking pretty solid to keep things going higher from here.
TYL 05/05 Test BO 16.55 -0.27 16.35 20.45 195K 575K 16.41
Current. On the bubble here as it sold back to the early June lows here at 16.5 and needs to hold its ground and get back on our good side with a bounce or we get rid of it.
UCO 05/20 BO 13.37 +0.42 10.50 12.88 2.9M 9M 12.22
Current. Gapped higher with a doji on fading below average volume. Looking good trying higher here but with this low volume it won't get too far so needs to pick up that side of things for a solid move higher.
UPL 05/12 Test BO 45.66 -0.24 48.41 54.95 2.2M 3M 45.38
Current. Sold back to the 50 day EMA on a boost of trade to above average volume. Trying to get back into shape here and has resistance from its October and November highs of 08 at 47.7 along with its early June highs so needs to get through that mark to back on the positive side of things out of this early June pullback.
V 05/13 Test BO 68.63 -1.17 65.78 74.94 5.4M 13M 66.88
Current. Short step downhill here for V on low volume at the 10 day EMA. Up and down over the past four sessions now and needs to pop out of this short consolidation in early June with stronger trade to get back on its feet.
V 04/10 Test BO 68.63 -1.17 60.82 69.95 5.4M 12M 66.88
Current.
VAL 06/02 Test BO 23.31 +0.13 23.78 27.95 523K 1.2M 22.14
Buy Not Issued. Stepped laterally along the testing low here for June at the 18 day EMA and late May lows. Solid support here in the low 20s and with low volume so needs strong volume to really get things going higher again.
VARI 05/26 Asc Bse 38.59 +1.06 36.24 41.88 388K 450K 36.64
Current. Nice move higher here for VARI on rising above average volume keeping this Asc bse going nicely through June. Can't complain with VARI set to continue higher from here.
WFC 06/04 Pennant 25.66 +0.27 25.66 29.95 70M 200M 23.63
Buy Not Issued. WFC hanging here some more on fading low volume at the 10 day EMA and these late May lows as resistance. Needs volume and needs to get things rolling higher again through weak resistance here at 26.0.
WFR 06/02 Test BO 20.89 +1.38 20.12 24.98 6.4M 8.5M 19.08
Current. Gapped higher and surged off a tap at the 10 day EMA back at 19.6 before running back uphill for some solid gains at the close. At the highs from early June now at 21.0 and needs to press on through. Looks great to do so on the strong trade.
XME 06/03 Test BO 41.38 +1.87 39.73 45.95 4.6M 3.8M 37.69
Current. Nice push higher for XME on high volume. Back over its June highs into the low 40s and needs to hold this move this time and keep things pushing uphill in this move. Shouldn't be a problem on this solid volume and with the market expected to make a move higher from here.
XME 05/22 Test BO 41.38 +1.87 36.06 42.88 4.6M 3.5M 37.69
Current.
XTO 05/14 Test BO 41.26 +0.75 41.71 49.85 5.7M 12M 41.77
Current. Gapped higher and climbed over the 18 day EMA. On fading low volume and held its lows from May at 40.0ish leading into the bounce now so looking good early this week.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
NFLX 05/13 HdShldr 39.01 +0.20 36.76 34.04 1.1M 3M 39.22
Current. Short step uphill here for NFLX. Making its quick test off the doji low from Monday as it hit support from its late May low so letting it test up to resistance at 40.0 and looking for it to turn back downhill from there.
POT 05/20 Put 115.54 +3.60 113.74 105.76 6.5M 12M 114.72
Current. Bounced off the low from Monday at the 18 day EMA to close with a bit of gains. On rising below average volume here and have to see POT hold its ground at resistance from the June highs at 120.0.
SPY 04/24 Put 94.64 +0.48 86.65 80.42 225M 350M 87.22
Current. Doji step laterally along these June highs just under 95.0. On fading below average volume and holding key resistance from May and January highs of 09 and the highs of mid October's gap of 08 along with the November gap following it so needs to hold its ground now as the SP500 does the same.
SPY 04/22 Put 94.64 +0.48 84.05 80.42 225M 350M 85.69
Current.
End part 2 of 3
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