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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 20 139.95 -0.30 119.69 132.77 19M 25M 131.33
Current. Man this really a nice looking pullback underway. Still could fall to the March/May TL but that is not far away at 135.9ish.
AKAM 05/11 Test BO 22.89 +0.67 21.69 24.95 5.2M 6.2M 20.17
Buy Not Issued. Thought a lot about this one but decided just to wait a day given the weak close in the market. If it continues early tomorrow, we can take some positions off this Thursday bounce from the 10 day EMA on above average volume.
AKS 05/07 Test BO 21.14 +1.05 13.85 17.38 14M 12M 19.78
Target Hit. Surged again; what a move this month alone. Took some of the 50% stock, 140% option gain and ready to let the rest keep up the good work.
AMSC 05/26 Test 50 27.67 +0.62 26.46 32.24 519K 900K 25.96
Trailing Stop. Took it off the table even though the day was not bad. Had not participated to decided to look elsewhere but will keep watching it.
AMX 05/21 Test BO 37.66 +0.40 37.68 43.42 3.2M 8M 36.78
Trailing Stop. Took it off the table as well though it made modest gains Thursday. Just hasn't been much on the market moves this week so will look elsewhere. Keeping an eye on it though for anything worth our time/money.
APA 06/02 Test BO 85.34 +1.35 83.10 99.00 3.9M 5M 78.22
Current. Nice move higher here for APA off the 10 day EMA. Fell from the high as it high 86.7 at the top of the session and closed with some quiet gains. Struggling at highs from early June and early May time to get to work on this rising above average volume.
APC 05/02 Asc Tri 50.87 +1.45 45.64 52.55 7.1M 8M 47.78
Current. Bounced off the 10 day EMA for strong gains Thursday. Rising now average volume as well and in a solid Asc tri base so can't complain with APC set to keep things positive.
ASIA 04/29 Test BO 21.48 +0.34 17.73 21.64 555K 1M 19.89
Current. Doji step lower here for ASIA. On low volume consolidating along these June highs in the low 20s until stronger trade can help it out.
BHI 06/04 Test BO 42.33 +1.68 40.86 48.95 5M 6M 39.88
Current. Nice move uphill here for BHI on rising above average volume. Finally getting the ball rolling and looks strong to continue into the weekend on this positive action.
BJS 06/10 Pennant 16.13 +0.55 16.04 19.88 13M 12M 14.92
Buy Not Issued. Didn't finish well, hitting the top of the pennant and fading to the close. If it continues higher, however, it is still a buy.
BNI 06/09 FlyPlat 75.18 -0.17 77.11 88.95 2.3M 4.5M 73.05
Buy Not Hit. Doji step lower to support from its 10 day and 200 day SMA. fading below average volume and needs a bounce now from this June test.
BOOM 05/28 Pennant 21.16 -0.53 19.57 23.95 651K 500K 20.44
Current. Short step downhill again for BOOM keeping things going lower in the pullback. Nice pullback but on rising high volume now and needs to ease lower. Key support at 20.0 from its early may high and 18 day EMA where it needs to hold if it can't do it here.
BTU 06/03 Test BO 36.78 +1.11 35.16 39.95 6.8M 9.5M 34.12
Current. Solid push higher here for BTU. Rising just below average volume back on its feet again after a downs session Wednesday and BTU in great shape to keep things pushing uphill.
BTU 05/13 Test BO 36.78 +1.11 30.69 35.91 6.8M 10M 34.12
Current.
BUCY 06/03 Test BO 31.46 +0.35 31.98 37.95 2M 4M 29.74
Current. Moved laterally along the low from Wednesday. Just resting for now at these June lows and on fading below average volume so needs trade and needs a bounce soon.
CAT 05/16 Test BO 37.61 -0.01 37.11 43.95 10M 18M 34.91
Current. CAT holding up at the 10 day EMA and this key support from its early lows of December 08 and its gapping lower from January earlier this year. Strong support so needs to hold and get suited up for resistance at 40.0 from its early May high and 200 day SMA.
CCK 05/19 Asc Bse 23.67 -0.34 24.72 27.95 1.8M 300K 22.99
Exited. Gapped lower and held its resistance from the 18 day EMA. Broke key support there from its uptrend line as well and had to see it get the job done and didn't so got the axe.
CE 06/06 DB hdl 23.83 +0.91 21.66 24.95 2.5M 4M 21.08
Current. Nice move higher here for CE on rising low volume. Great to see it back on its feet and like this DB hdl base as well with CE in great shape now late this week.
CELG 06/10 Test 50 43.32 +0.09 43.55 49.95 4.9M 7.8M 42.38
Buy Not Issued. Stepped laterally along the underside of its 10 day EMA as resistance but holding its late April and early May high here at 43. On just below average trade and doing well in the test so far but time to hold its ground now and set up the recovery move.
CHK 06/03 Test BO 24.31 +0.39 23.33 27.95 15M 20M 22.57
Current. Nice move higher here for CHK but now at resistance from its early June high and needs to press on through. Great bounce higher Wednesday but not nearly as much trade here now so may need another test towards 23.0 at the 10 day EMA.
CME 05/09 Asc Tri 342.09 +14.35 257.78 284.95 1.4M 2M 316.08
Current. Strong bounce for CME off the 10 day EMA on rising now average volume. Finally got some solid volume to work with and really using it nicely and ready to continue on higher into Friday.
CMED 06/08 Test BO 23.88 -0.48 23.04 28.85 588K 750K 22.32
Buy Not Hit. Tested further into Thursday and now sits at its 10 day EMA. Now needs to come back upside and hold the gain on some decent trade into the close or it won't make the cut.
CMI 05/29 Asc Tri 36.26 +0.45 34.71 40.48 1.7M 4.4M 33.55
Current. Doji step higher for CMI on quiet gains. Just tried to move higher through the session with most plays and didn't get the volume it needed for the move so didn't get much of a move.
COH 06/06 Test BO 26.79 -1.06 27.95 32.78 5.8M 9M 25.88
Current. Need to be careful. Volume did not kick back in and consumer retail, after a decent retail sales report did not respond well and COH sold back to the 18 day EMA now. Key level for it to hold.
CTRP 05/22 FlyPlat 46.25 -1.11 37.88 44.88 1.2M 2M 44.38
Current. Doji step lower for CTRP on fading below average volume. Getting a nice breather for now and on light trade so won't be long before CTRP sets up for the next move higher again.
DBC 05/13 Test BO 24.19 +0.22 22.11 25.44 2.9M 2.5M 23.22
Current. Doji step uphill on rising above average volume. Steady upsides through May and June and ready to continue right on higher from here with the rising trade. Nice.
DE 06/04 DB hdl 45.08 -0.63 46.84 55.89 5.4M 6.5M 43.56
Buy Not Issued. Short step downhill here for DE on rising just below average volume. Key level at the 18 day EMA now and its mid May lows as well as October 08 highs and January 09 highs. Thus, needs to hold.
DO 05/26 Cup hdl 92.57 +0.94 79.64 89.94 2.8M 3.5M 86.58
Current. Bounced from the short step downhill from Wednesday. Just recovered the losses in a quiet step higher and on rising above average volume so will see if DO can get things going from here with trade helping it out.
DRYS 04/21 BO 7.13 -0.11 7.19 8.97 19M 35M 9.84
Current. Light selling for DRYS on fading low volume to the 50 day EMA. Solid support here so needs to hold or its in trouble.
EBAY 06/09 Pennant 17.88 +0.25 18.04 24.48 33M 22M 16.78
Buy Not Issued. Short step uphill for EBAY off the 10 day EMA and low from Wednesday at the 18 day EMA near 17.6. On high volume in the move and looking strong for some more gains from here if volume sticks around with EBAY in solid shape for a strong recovery move.
EDU 06/08 Asc Bse 60.87 -0.26 58.21 66.95 498K 850K 57.48
Current. Got a doji step laterally along the high from Wednesday. On low volume here struggling at the upper channel in this Asc bse and needs to get back into the aggressive move from Wednesday and press on higher from here.
EOG 06/09 DB hdl 77.09 +1.84 75.02 86.95 4.1M 5M 72.89
Current. EOG looking pretty solid with its push higher here Thursday off the 10 day EMA and doji breather from Wednesday to close in the mid 70s. Now in the 77s on rising above average volume challenging its early May and early June highs and needs to press on through.
ESRX 06/02 Cup hdl 62.01 -1.06 64.88 74.95 2.8M 4M 61.21
Buy Not Issued. Take care here with ESRX posting some light selling off the 10 day EMA on rising just below average volume now. On the bubble and under the spotlight so time to get its show going.
ESRX 04/27 FlyPlat 62.01 -1.06 61.11 69.95 2.8M 4.8M 62.38
Current.
FCX 03/05 Asc Bse 60.42 +0.53 33.58 38.95 18M 28M 53.11
Current. Doji step uphill here for FCX on just above average volume. Like this Asc bse and looking to test a bit or just get a breather with things winding down in this move through May and June.
FCX 12/10 Trnd Rv 60.42 +0.53 24.41 29.85 18M 26M 53.11
Current.
FLEX 06/06 DB hdl 4.62 +0.35 4.24 5.44 10M 9.8M 4.11
Current. Surged off the 10 day EMA on rising high volume. Quite a move here for FLEX as support from its 10 day EMA and highs from early May and early June gave it a boost into this strong move uphill that looks to lead things even higher from here.
FSLR 06/03 Rolling 184.10 -2.65 180.00 198.00 2.3M 4.5M 174.68
Current. Still holding well above the gap from late April near 175. Hanging at its 18 day EMA now about 10 points up from there and has been since Tuesday so looking good at support setting up nicely for its next move higher off supports here.
FSLR 05/18 Test BO 184.10 -2.65 189.22 214.88 2.3M 5M 192.32
Current.
HAL 05/28 Dbl btm 24.33 +0.97 23.62 29.88 19M 20M 22.44
Current. Surged off the 10 day EMA and broke through its highs from early May and early June. Like this Dbl btm base and HAL on rising above average volume so can't complain as it only looks to press uphill from here.
HITT 05/29 Test 50 35.45 -1.22 36.17 41.88 269K 325K 35.11
Current. HITT and some chips took a hit; careful here with HITT on the bubble now struggling at support from its 18 day EMA and its late May highs all at 35.0 and needs to get the job done.
IBM 04/13 Test 20 109.40 +1.05 101.53 114.88 9.1M 15M 106.08
Current. Doji step uphill here for IBM recovering the losses from Wednesday. On rising above average volume now and in a solid Asc bse through early 09 and continuing on into June looking great to continue higher from here.
ICE 05/07 Test BO 116.61 +1.87 94.89 111.65 1.4M 3M 108.89
Current. Quiet rebound for ICE off its Wednesday low at the 10 day EMA and its prior June lows here at this level helping it out and giving it a lift. On fading low volume and getting restless at support now so with volume looks ready to get back into shape.
IDXX 06/08 Test BO 45.62 +1.04 45.64 51.95 188K 700K 42.94
Entered today. Gave us the buy with a solid move higher off the 10 day EMA out of the quiet pullback through this week to the moving average and early May high all at 44.0. On low volume but in solid shape no less for some more gains from here.
IDXX 05/16 Test 20 45.62 +1.04 41.65 47.55 188K 700K 41.87
ILMN 05/06 Asc Tri 39.53 +1.68 36.48 41.55 1.5M 2.2M 36.78
Current. ILMN on average volume Thursday with an explosive move higher off the 10 day EMA. Solid Asc tri base as well and broke over its highs from March, April, May and early June all just above 38.0. Really got the monkey off its back on this move in the base and looking good to keep up the good work.
IR 06/06 Pennant 22.87 +0.45 22.93 26.55 5.5M 7.5M 20.57
Current. Quiet rebound here for IR off the low from Wednesday. Modest gains and on low volume so just stalling some more at these June highs until volume can give it a boost.
ISRG 06/10 Rev HS 166.52 +6.80 166.54 194.95 1.9M 2M 153.48
Entered today. Gave us the buy with a strong move higher through Thursday. Quite a move and on above average volume here getting back into shape in the Rev HS base.
JOYG 05/22 Asc Tri 41.36 +0.09 32.27 37.94 3.5M 5.2M 37.42
Current. Doji step laterally along these June highs here from this weak up in the low 40s. On low volume now resting here some more and just need to see if JOYG makes a test towards 38.0 here at the 10 day EMA before it can do much else.
JPM 05/13 Test BO 34.94 +0.10 36.74 42.95 67M 125M 34.17
Exited. Not going to wait on it any more with this action in the SP500 today so got the axe as it continues to stall at the 18 day EMA as modest resistance.
MBT 06/08 Test BO 41.00 +1.00 41.65 48.55 1.6M 2.7M 38.92
Buy Not Issued. Nice rebound for MBT off the low from Wednesday at the 18 day EMA on just below average trade. Doing well getting back on its feet and with volume we can get in on it as the recovery move molds higher.
MBT 05/27 Rolling 41.00 +1.00 38.54 44.94 1.6M 3M 39.74
Current.
MEOH 06/04 Cup hdl 14.23 +0.58 13.08 15.78 817K 875K 12.77
Current. Surged again here Thursday keeping up the positives from Wednesday. Great move and on rising above average trade so MEOH really looking strong now into the latter portion of this week.
MON 05/16 Test BO 86.85 +1.00 92.38 103.98 6.6M 8M 87.48
Current. Doji gap higher here for MON on rising now average volume. Nearing resistance at 88.0 from its late March high and the gap lower from October 08 so has some work to do to keep things positive now.
MOS 05/28 Test BO 56.33 +1.05 56.38 64.95 6M 10M 53.18
Current. Surged off the 10 day EMA here for strong gains on just below average volume. Nice move here for MOS getting back on the ball for the move higher and at resistance now from its late May and early June highs here near 57 so time to get back to work Friday.
MPWR 04/10 Test 20 22.76 +0.83 18.88 22.94 691K 625K 20.68
Target Hit. Half of the 23% stock, 115% option gain on MPWR with a gap higher over the June and July lows of 08. Key trendline for it to gap over there and we banked some gains and now need to see it continue to hold this gap and press on higher.
MRVL 05/26 Asc Bse 12.51 -0.41 11.85 14.00 15M 17M 11.49
Current. Short step downhill here for MRLV just testing a bit off the surge from Tuesday and that is alright. Let it come back towards 12.0 at the early June high and 10 day EMA and its back on its way higher.
MU 06/06 Cup hdl 5.59 -0.27 5.62 6.97 25M 25M 5.27
Current. Average volume for MU Thursday as it sold back to the highs from early June and early May at 5.5. Holds its January and March lows of 08 here as well so in strong shape to get back on its feet for the next move higher again soon.
MXIM 05/21 Test BO 16.60 +0.06 14.81 16.98 3.5M 8.5M 15.88
Stepped laterally along these June highs some more here on low volume Thursday. Resting at this level until this low volume washes out to give MXIM something to work uphill with again.
NETL 06/08 Cup hdl 38.10 -0.02 38.21 42.95 316K 975K 35.77
Current. Doji step laterally here along the early May and early June highs. Modest resistance at this level and with volume can punch through in the Cup hdl base so need to see NETL get the job done soon.
NETL 05/07 Test BO 38.10 -0.02 33.78 40.45 316K 1.1M 35.77
Current.
NSM 05/27 Asc Bse 14.47 -0.24 13.59 16.35 18M 9M 13.78
Current. Sold back to the 10 day EMA and high from late May at 14.0ish before pulling a nice rebound here to close with a short step lower Thursday. High volume in the move and ready to see NSM get back on its feet now and use this trade to punch higher again in this Asc bse.
NVLS 06/02 Test BO 18.41 +0.15 18.33 21.99 3.4M 4.2M 17.11
Buy Not Issued. Short step uphill off the 10 day EMA for NVLS after fading off its intraday high at 18.7. On rising now average volume and setting up nicely for its move higher but needs to get stronger trade to really get going and let us in.
OPLK 05/27 FlyPlat 11.95 -0.04 11.81 13.95 107K 175K 11.56
Current. Doji here at these June highs near 12.0 again. Just resting at this level taking it easy for now on fading, just below average trade.
OXY 05/21 Test BO 70.63 +1.36 63.24 72.78 5.8M 10M 66.54
Current. Nice move uphill through Thursday for OXY on fading below average volume. Looking good in the Asc bse and after this strong push higher from Thursday OXY is set up nicely to keep things working uphill. Not bad.
PCU 06/03 Test BO 24.91 +0.81 21.44 24.98 5.1M 6M 22.77
PCU 05/19 Pennant 24.91 +0.81 20.41 24.98 5.1M 6.5M 22.77
Target Hit. Took part of the 21% STOCK, 166% option gain here on PCU on its rising, now average volume surge through Thursday. Quite a move and PCU looking pretty strong to continue on uphill from here.
POT 05/08 Test BO 117.88 +0.54 96.01 109.94 6.6M 20M 109.32
Current. Doji step uphill here for POT. Now struggling at its late May highs and its prior June peak at this level as well so needs to pick up stronger trade and get back into shape for the move higher or it will really struggle some more at resistance.
POT 04/27 Rolling 117.88 +0.54 82.64 89.95 6.6M 12M 109.32
Current.
QCOM 05/27 Rev HS 45.98 -0.09 42.69 48.94 25M 24M 43.87
Current. Sold back to the 10 day EMA at 44.9 and bounced from there to close flat. Nice intraday test and on high volume so looking for QCOM to keep things going higher from here after a great rebound Thursday.
QLD 05/22 Rolling 39.05 -0.04 32.81 35.93 17M 30M 37.69
Doji step laterally along the June highs here. Stalling some more and still not much volume so needs to get with it and start some positives. Can't have this one hibernating and turn this June highs into strong resistance.
QLGC 05/27 Rev HS 13.86 -0.01 14.02 16.45 1.9M 4M 13.08
Buy Not Issued. Moved laterally along the low from Wednesday jut hanging at its 10 day EMA and highs from late April and late May. Solid support and needs stronger trade now to shake it from this slumber and get the Rev HS going higher again.
SCHN 05/14 Test BO 63.18 +1.98 49.54 56.98 1.1M 900K 57.22
Current. On fading high volume but posting strong gains to the close keeping the Wednesday and Tuesday bounce going. Just solid upside movement through this week and no signs of hitting the brakes.
SIGM 06/04 Test 50 16.01 +0.37 15.91 19.72 279K 975K 14.84
Buy Not Issued. Nice bounce for SIGM off the 10 day EMA for strong gains. Recovered the selling from Wednesday nicely and back on its feet here for the move higher but needs volume first to really get going and let us in.
SIGM 04/29 Pennant 16.01 +0.37 13.14 16.22 279K 1M 15.38
Current.
SLB 05/19 Test 18 62.18 +2.91 54.97 62.95 17M 16M 57.39
Target Hit. Took part of the 14% stock, 98% option gain with its surge higher through Thursday on high volume. Great move uphill and set to keep up the good work at this rate so can't complain.
SLB 04/27 Test BO 62.18 +2.91 49.00 55.95 17M 15M 57.39
Current.
SLG 04/25 Cup hdl 24.11 -0.30 18.86 25.88 2.3M 6M 23.64
Current. Short step downhill here for SLG to the 18 day EMA and highs from mid May. On fading low volume finishing up the test nicely now and time to make the bounce.
SNDA 05/28 FlyPlat 60.85 -2.47 57.47 65.95 748K 1.8M 58.76
Current. Short step downhill here for SNDA on fading low volume to hold its 10 day EMA and early June gapping high as support all at 60ish. Looks strong holding its ground consolidating some more along the lower 60s.
SNDK 06/06 Asc Bse 15.70 -0.46 16.42 19.45 7.9M 11M 14.98
Current. SNDK continuing downhill off the resistance from its early May high and the short step lower from Wednesday. On average volume now and still in a solid Asc bse so not too worried yet with SNDK making a quick pullback here.
SOHU 05/22 Test BO 67.64 -1.62 54.77 64.95 1M 3M 65.38
SOHU 05/07 Test BO 67.64 -1.62 55.38 64.95 1M 3M 65.38
Current. Short step lower here for SOHU testing a bit through Thursday to the 10 day EMA in a quick pullback here. On fading below average volume as well and looking pretty sharp out of this test for the move higher again.
SPIL 05/09 Test 18 7.07 +0.10 7.27 8.96 2.1M 2.6M 7.04
Exited. Got out of SPIL as it continues to struggle here at this June testing low thanks to resistance from its mid May lows and 18 day EMA and just can't get on the same page with us.
SPN 05/19 Test 18 23.22 +0.33 22.10 28.45 618K 1.8M 22.44
Current. Nice rebound for SPN for light gains here off the 10 day EMA from Wednesday's low. Low volume still so holding its ground nicely and set up for the move again soon.
SSO 05/22 Rolling 27.62 +0.24 24.68 26.85 46M 85M 26.98
Doji step laterally along the June highs here with SSO consolidating some more along the upper 20s here. Drop in trade for SSO back below the average line after some nice average levels from Wednesday but still in good shape to make its move once the market gets out of the midweek funk.
SU 05/21 Test BO 35.71 +0.48 31.33 37.85 9.4M 15M 33.78
Current. Doji step laterally along the high from Wednesday. On fading below average volume just taking it easy here and looking good to continue on higher in this strong Asc bse after this quick breather this week.
SY 05/19 Test 50 32.76 -0.58 34.02 39.48 1.3M 2M 32.11
Current. Sold some more through Wednesday and now sits at key support from its late May lows and 50 day SMA on rising just below average volume here. Time to hit the brakes or it gets the axe.
TQNT 05/18 Asc Tri 5.81 +0.09 4.08 5.22 2.3M 2.2M 5.28
Current. Doji step uphill with TQNT on fading upside momentum in this breakout through June. Like the Asc tri base but things are shaping up for a test now.
TTEK 06/09 Test BO 28.67 +1.80 28.46 32.78 1M 600K 26.47
Entered today. Gave us the buy with a solid move higher off its 10 day EMA for huge gains Thursday with great volume as well. Exploded in the session after a nice, easy pullback through earlier in the week.
UCO 05/20 BO 14.37 +0.47 10.50 12.88 4M 9M 13.89
Current. Doji gap higher here for UCO on fading low volume. Continues this doji gap move higher through this week as it did in late May and would prefer some strong moves higher it can hold at the close but making gains no less. Just needs to stay under control once the test sets up.
UPL 05/12 Test BO 49.16 +2.27 48.41 54.95 2.7M 3M 45.91
Current. Surged off the 10 day EMA and broke its key resistance from the early June high at 48.0 as well as the trendline at 48 from its late 08 highs. Strong move ready to lead it even higher from here on the rising high volume. Wow.
V 05/13 Test BO 66.72 -2.55 65.78 74.94 11M 13M 66.88
Trailing Stop. Took the rest of the gain off the table on both positions with V selling through Thursday a good bit on rising now above average volume and only looks to continue to stumble lower from here after tripping the stop loss mark Thursday in the move lower.
V 04/10 Test BO 66.72 -2.55 60.82 69.95 11M 12M 66.88
Trailing Stop.
VARI 05/26 Asc Bse 39.56 +1.04 36.24 41.88 246K 450K 36.98
Current. Nice move higher here for VARI on fading below average volume now. Surged up to 40.4 and fell from there but still closed with decent gains so needs more volume but walking uphill nicely through June so far.
VSEA 06/09 DB hdl 25.27 -0.36 25.82 29.88 583K 1.4M 24.01
Buy Not Issued. Doji step downhill on fading low volume to the 10 day EMA and mid May, early June highs at 25.0ish. Doing well at support here in this quick test and with the low volume now VSEA doesn't look to go much lower so setting up nicely for its next move higher.
WFC 06/04 Pennant 25.02 +0.11 25.66 29.95 64M 200M 23.63
Buy Not Issued. Stepped laterally along this June and late May consolidation between 24 and 26 still. On low volume and holding this line along with its 200 day SMA and 18 day EMA so doesn't really look to post any dramatic selling but needs to get up and out of this consolidation soon to keep us interested.
WFR 06/02 Test BO 20.30 -0.56 20.12 24.98 4.7M 8.5M 19.08
Current. Sold some more off the top Wednesday from Tuesday's bounce. Back near its 10 day EMA at 20.0 and has solid support here with fading below average volume so not too worried with WFR ready to get back on the move higher again soon from this quick pullback.
XME 06/03 Test BO 43.00 +1.24 39.73 45.95 4.9M 3.8M 39.76
Current. Nice move higher here for XME on rising high volume. Solid Cup hdl base and really getting things back into shape now Thursday and with the high volume it looks good to keep things heading higher.
XME 05/22 Test BO 43.00 +1.24 36.06 42.88 4.9M 3.5M 39.76
Current.
XTO 05/14 Test BO 43.67 +2.03 41.71 49.85 11M 12M 41.77
Current. XTO exploding higher off the 18 day EMA Thursday. Quite a move and on rising high volume here now challenging its May and early June highs at 44.0 and after this surge higher on strong volume it looks great to continue on through.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BJ 06/10 HdShldr 32.72 -0.52 33.08 30.61 1.7M 1.8M 33.32
Sold some more through Thursday and now near its 90 day SMA at 32.0 and highs from early 09 and even some lows from late 08 of December and November. So. 32 is a key level and need to see BJ take it out.
DRI 06/10 HdShldr 32.97 -0.88 33.67 30.55 2.7M 3.7M 34.33
Entered today. Gave us the buy with a strong move lower through Thursday. Broke its 90 day SMA on the way down and on just below average volume now so looking solid if it can really keep the move going through its May lows at 32.0ish.
DRIV 06/10 Dbl Top 39.58 +1.31 37.97 35.08 980K 800K 39.77
Buy Not Hit. Dropped this one as it bounced off the 18 day EMA with high volume. Just what it didn't need to do for us and had to drop it as it only looks to continue higher from here.
NFLX 05/13 HdShldr 37.74 -0.12 36.76 34.04 1.2M 3M 39.22
Current. Short step downhill here for NFLX on fading low volume. Obviously not in much of a hurry to get selling going Thursday and has key support here as well from May lows so needs stronger trade to really keep things rolling lower.
POT 05/20 Put 117.88 +0.54 113.74 105.76 6.6M 12M 114.72
Current. Doji step uphill here for POT. Just some quiet gains and still struggling at the early June highs and approaches the late May highs so needs to continue to do so until sellers can take it over and let it turn downhill. Will see if it fades bad in the range here toward 110.
SPY 04/24 Put 94.82 +0.42 86.65 80.42 275M 350M 87.22
Current. Still stalling here in the mid 90s. Reached higher up to 96.11 and failed so still waiting on SP500 to get a definite move going and help SPY and help us out as well.
SPY 04/22 Put 94.82 +0.42 84.05 80.42 275M 350M 85.69
Current.
End part 2 of 3
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