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us stock market, trading system
Begin part 2 of 3
NOTE: PART 2 PRECEDES PART 1 THIS EVENING.
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 07/08 Rolling 164.60 +0.60 138.55 149.91 15M 23M 160.65
Current. Small gap lower but recovered nicely to close over the 10 day EMA (163.98). Not starting to bring in the gains yet, but holding solidly where it needs to.
AAPL 04/15 Test 20 164.60 +0.60 119.69 132.77 15M 25M 160.65
Current.
AKS 07/23 Test 18 19.94 +0.27 19.65 23.55 7.8M 12M 19.21
Current. Letting it run as it is holding the 50 day SMA (19.05) and March/May/July trendline nicely.
AKS 07/13 Test 50 19.94 +0.27 17.24 20.58 7.8M 12M 19.21
Current.
AMG 08/12 Flag 62.61 -0.52 62.68 79.95 413K 1M 60.87
Buy Not Issued. Gap lower to the 50 day EMA (61.49) where it bounced weakly from. Not interested in a buy right now with the soft action.
ANR 08/05 Pennant 34.70 -0.09 34.64 42.31 2.6M 6.2M 32.55
Entered today. Dipped lower to the 18 day EMA (33.11) as support and shot higher from there so we moved in. Gave up a bit off the intraday high, but good action leading into Thursday.
BEN 06/25 Test 50 92.09 -0.71 71.80 79.95 1M 3.4M 90.42
Current. Gapped lower and struggled a bit at the 10 day EMA (91.94). Low volume move but holding where it needs to so far and we are giving it a bit more time.
BHP 08/10 Flag 61.63 -0.20 63.48 72.94 3.8M 7M 60.89
Current. Gapped lower but recovered to hold support at 60. That is the 38% Fibonacci retracement and it has held again. Good place to bounce so we are leaving it.
BIDU 07/29 Flag 330.78 +3.38 355.11 388.45 1.9M 2.5M 335.88
Current. Holding the June peak as support and we are going to let it try to fill the gap with the rally higher. A bit of an island reversal here and that is not ideal but we are going to let it run because it is showing signs of life.
BIDU 07/08 Test 50 330.78 +3.38 281.68 307.85 1.9M 2.5M 346.88
Current.
BIG 08/03 Flag 23.21 +0.06 23.64 27.95 1.8M 3M 22.41
Current. Side step after bouncing off the low at the 50 day EMA (22.69) and 50% Fibonacci retracement. Going to let it continue to work for gains here.
BTU 07/23 Flag 34.45 +0.06 34.18 39.77 4.6M 8M 33.77
Current. Slipped much lower intraday but thumped the 50 day EMA (33.00) and 38% Fibonacci retracement and bounced solidly to close for a lateral move. Giving it more time after holding solid support.
BUCY 08/04 DB hdl 31.87 +0.50 31.68 37.94 1.9M 3.4M 31.03
Current. Price support at 30 and the 38% Fibonacci retracement as BUCY bounced higher. Good volume with the recovery so we are leaving it.
BWA 08/14 Rolling 30.32 +0.19 30.33 35.88 1.6M 2.5M 29.21
Buy Not Issued. Slight gap lower but a nice recovery to close slightly positive. Looks promising if it can continue.
BWLD 07/16 Trnd Rv 37.35 -0.29 34.19 41.95 304K 925K 38.28
Current. Holding at the 50% Fibonacci retracement and 50 day EMA (36.62) easily still so we are waiting for the bounce up from here.
CEDC 08/12 Flag 30.15 +0.06 32.15 39.55 502K 1.2M 29.78
Current. Side step after continuing to find resistance at the 18 day EMA (30.17). Holding the June peak still though so we are going to give it a bit more time.
CRZO 07/23 Test 50 20.27 +0.15 20.56 24.97 356K 1M 20.11
Current. Low volume side step after holding the 50 day EMA (19.20) and bouncing there. Still trying to get things going so we will give it a chance to do so.
DLR 08/17 Flag 40.77 -0.84 42.92 49.88 1.4M 1.8M 41.69
Buy Not Hit. Gapped lower again and moving too far down to set up a good flag pattern so we are going to drop it until a better set up presents itself.
DRIV 08/05 Rolling 34.15 +0.34 35.77 40.91 403K 640K 33.78
Current. Small step higher to work back to support at the May and July lows around 34. Low volume action but it is stepping in the right direction so we are leaving it.
EMS 08/18 Flag 43.77 +0.84 43.71 49.95 226K 335K 41.87
Entered today. Rushed higher right out of the gates and held onto all of it at the close so we moved in. Looks good to keep moving out of this flag pattern.
EQR 08/14 Flag 26.40 -0.27 26.92 34.87 3.3M 6.5M 25.64
Buy Not Hit. Nice little side step along support at the 18 day EMA (25.96) at the bottom of this flag. Setting up nicely and we are waiting for the bounce higher to move in.
ESRX 08/06 Test 50 67.53 +0.58 67.39 74.95 2.8M 3.5M 65.77
Current. Still working laterally along the August trading range over the 50 day EMA (66.51) so we are going to let it keep bouncing along.
FCS 07/06 Test 50 8.86 +0.05 7.38 9.91 1.1M 3.4M 8.68
Trailing Stop. Low volume bounce higher but ran out of steam at the 10 day EMA (8.78) so we used that to exit.
FSLR 07/15 Test 20 131.43 -1.69 151.25 170.95 5M 4M 162.94
Current. Short gap down but recovered off the intraday low to hold the key 130 level we were looking to come into play. Needs to keep holding here so we can get the bounce up.
GIS 08/10 Test BO 58.24 +0.58 58.44 67.42 2.2M 4M 56.48
Buy Not Issued. Gap down to the 50 day EMA (57.21) but bounced nicely higher to hold most of the gains at the close. If it keeps up the action Thursday it is a buy.
GTLS 08/12 Cup hdl 20.72 +0.46 22.08 25.95 125K 450K 20.54
Current. Holding the July/August trendline and 50 day EMA (19.53) as support so we are giving it more time as it tries to recover.
IBM 07/08 Rolling 118.57 +0.94 102.98 111.91 4.8M 10M 116.21
Current. Small gap down but recovered nicely to close modestly positive. Not giving anything up here so we are giving it a few days to get the upside rolling again.
IDXX 06/08 Test BO 50.45 +0.52 45.64 51.95 147K 700K 48.32
Current. Moved up nicely from the 18 day EMA (49.73) to stay locked right in the midst of the lateral August move. Volume was a bit low but with support holding we are giving it a bit of play.
IDXX 05/16 Test 20 50.45 +0.52 41.65 47.55 147K 700K 48.32
INT 07/24 DB hdl 43.87 +0.14 42.20 47.95 319K 700K 43.97
Current. The early July peak and 50 day EMA (42.15) are holding as support while INT works for the bounce still. Giving it some room to break through the 18 day EMA (43.77) as light resistance right now.
KLIC 08/14 Pennant 5.14 -0.06 5.58 6.92 1M 1.2M 5.16
Buy Not Hit. Side step to hold the July gap at the 5 dollar mark as support but the 10 day EMA (5.26) is acting as light resistance right now. As it is holding where it needs to we are going to wait to see how it acts Thursday.
LPX 08/17 Flag 5.94 +0.11 5.80 7.88 1.6M 2.5M 5.42
Current. Great recovery off the low to close for a nice step higher. If it keeps going Thursday it is a buy.
LTD 08/14 Flag 14.58 +0.61 14.56 17.55 5.6M 5.8M 13.61
Entered today. High volume move higher off support at the 18 day EMA (13.71) that held gains into the close so we picked it up.
MOS 07/22 Flag 53.34 +0.66 51.85 61.78 3.9M 10M 51.87
Current. Has been holding support and bouncing so we are leaving it for now. We want it to start pushing higher soon.
MR 07/01 Test BO 30.76 +0.06 27.62 33.88 582K 1.2M 30.22
Current. Lateral step to a doji that held the 18 day EMA (30.29) and late July peak as support as MR settles. This is a good level to hold and bounce up from.
MR 06/17 Test BO 30.76 +0.06 26.53 31.45 582K 1.5M 31.58
Current.
MRVL 05/26 Asc Bse 13.92 +0.24 11.85 14.00 11M 17M 13.11
Current. Nice step higher as volume picks up towards average. Working nicely along the late July/August trading still so we are giving it time to play.
NFLX 06/22 DB hdl 44.87 +1.32 41.38 49.95 1.4M 2.9M 43.91
Current. Gapped and then surged higher before giving up a chunk at the close. Still working in the direction it needs to we are going to see if we can get a bit more out of it.
NKE 08/11 Cup hdl 56.77 +1.16 57.50 65.95 2.8M 4.5M 55.21
Current. Great bounce off the small, late July gap as support to close over the 10 day EMA (56.47). Good first step higher and now time to continue.
NKTR 08/01 Flag 7.16 +0.19 7.19 8.97 939K 1M 7.11
Exited. Bounced nicely higher but faded back from the 10 day EMA (7.26) as resistance so we used that for our exit.
NOV 08/05 Rev HS 37.35 +0.73 37.14 42.88 5.7M 9M 35.69
Current. Gapped a bit lower but bounced nicely to close for moderate gains. Just under average volume but still nice action. Looking for it to keep this up.
NTGR 07/28 Test BO 16.57 +0.40 17.05 19.95 223K 350K 16.07
Current. Shot higher on just under average volume to close over the 10 day EMA (16.47). Nice action to continue the bounce off the 50 day EMA.
PH 08/07 DB hdl 48.38 +0.01 48.82 58.77 733K 2.6M 46.98
Current. Bounced off the 18 day EMA (47.55) at the low to close holding the July/August trendline. Holding where it needs to but we want to see a bit more here.
PMTI 07/25 Test 50 13.99 -0.28 14.63 17.88 118K 400K 14.55
Current. Recovered off the intraday low to close flat for a doji at the 50 day EMA (13.75). Not the gains we would like to see but it is holding the level it needs to so we are going to give it a chance to bounce.
PNC 08/13 BullRev 39.94 -0.37 42.76 51.95 4.1M 8M 39.77
Buy Not Hit. Bounced nicely off the 50 day EMA (39.32) to hold it as support. Settling down now at this level we need it to hold.
POT 08/06 Rev HS 95.18 +1.46 99.10 114.88 7.8M 10M 94.32
Current. Moderate step higher but closed at resistance from the 50 day EMA (95.29) after coming down from the high. This is where it needs to break above.
PRFT 07/27 Asc Tri 7.44 +0.03 7.24 8.94 151K 220K 6.73
Buy Not Issued. Finding a bit of resistance at the 10 day EMA (7.44) but holding at the level it needs to for now. We want it to start breaking higher before we move in though.
PVH 08/18 Pennant 35.22 +0.36 34.98 41.94 789K 1.2M 32.89
Buy Not Issued. Gapped lower to the 18 day EMA (34.27) and bounced nicely for modest gains. If it can keep going Thursday it is a buy.
RL 08/17 Flag 67.16 +0.38 66.04 74.95 1.8M 2.4M 62.88
Current. Lateral step on average volume as RL is moving out of the flag pattern. Just taking a day off and still in good shape to keep the move higher going.
RTI 07/30 Trnd Rv 16.62 +0.07 17.71 22.48 313K 800K 16.89
Exited. Soft bounce higher on low volume that we used to exit. Looking weak here.
SBUX 06/23 Test 50 19.12 +0.11 14.82 17.95 8.9M 18M 18.08
Current. Lateral move on below average volume as SBUX is not giving up any of the August gains. Still a bit sluggish but SBUX has been very strong so we are giving it a chance to start flying again.
SHW 08/18 Rev HS 60.40 +0.04 60.98 69.95 960K 2M 58.68
Buy Not Hit. Bounced off the 18 day EMA (59.60) as support to close for a lateral move. Looks to be gathering strength for a bounce higher if it can hold here.
SMTC 08/11 Test 50 17.53 +0.06 17.68 20.95 465K 850K 16.52
Current. Side step as volume starts to pick up towards average. Could not make more headway, but we are going to give it a chance to do so as the 50 day EMA (16.89) is still underfoot as solid support.
SWHC 08/10 Cup hdl 5.68 -0.01 6.13 7.48 633K 2M 5.71
Buy Not Hit. Side step to a doji on very low volume. Not able to recover support at the 50 day SMA (5.77) so we are dropping it.
TEX 07/30 Trnd Rv 14.91 -0.11 15.17 18.48 2.1M 4.2M 15.14
Current. Came back from the intraday high but it is holding the 38% Fibonacci retracement so we are giving it a chance to bounce.
TKC 08/07 Test BO 16.52 +0.46 16.10 19.64 1M 1M 15.66
Current. Retook the 16 mark as support and shot higher from there on volume. Very good action to get the ball rolling again.
TYC 07/10 Test 50 30.86 +0.12 26.75 31.95 3.1M 5.5M 29.92
Current. Lateral step on just under average volume as the 10 day EMA (30.84) holds as resistance. Still have support around 30 under foot so we are giving it a chance to press higher.
UTHR 08/07 Flag 92.60 +1.38 92.66 103.94 507K 875K 88.82
Entered today. Jumped higher from the 18 day EMA (90.60) as support with improved volume so we entered here. Nice first step.
WFT 08/13 Cup 19.59 +0.27 20.08 23.71 11M 15M 18.67
Buy Not Hit. Small step higher on below average volume after holding support from the 50 day EMA (18.84). Good move but we need the break above 20 before we buy this one. Just need to keep this action up with improved volume.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMMD 08/11 BearFla 14.48 +0.04 14.20 12.35 604K 1.2M 15.08
Current. Side step to hang under the early August low. Starting to stall here with the low volume and looks primed to roll over.
AMSG 08/14 Dbl Top 20.26 +0.47 19.33 16.58 162K 245K 20.08
Buy Not Issued. Shot higher above key resistance at the 200 day SMA (19.74) to take away the downside play so we are dropping it.
AVAV 08/01 BearFla 27.88 -0.19 28.04 25.11 151K 250K 28.88
Current. Side step to hold the early August lows at 28 after closing a bit off the high. Looking weak and at the place we need the break lower from.
BDX 08/13 BearFla 65.66 +0.01 65.88 61.78 3.3M 2M 67.44
Buy Not Issued. Sold lower intraday but reversed to close flat. It will likely bounce higher from here but if it fails at 66 then it is still a buy. If it breaks above that there is a good chance we will need to wait for a test up to the 200 day SMA (67.28) that fails before we can look at a buy.
BKE 08/10 Put 27.93 +0.82 26.88 24.08 1.5M 1.8M 27.89
Buy Not Issued. Broke above key resistance at the 200 day SMA (27.51) to remove the downside play so we are dropping it.
BRCM 08/05 Dbl Top 27.14 +0.31 27.84 26.04 8.7M 12M 26.74
Trailing Stop. Bounced higher again after opening lower so we took the rest off the table. It can still fail from here but we are not taking any chances. If it does start to roll we will be ready to move in.
DGX 08/11 BearFla 53.88 +0.31 53.13 50.05 939K 2.1M 54.28
Buy Not Issued. Lateral step after closing a bit off the intraday high. Still low volume trading and with resistance holding DGX is looking weak. Still waiting for the bounce lower.
FCX 08/18 BearRev 62.09 +1.62 59.97 53.11 20M 19M 61.22
Buy Not Issued. Stronger volume bounce as FCX tries to fill the gap from the island reversal. Going to wait to see if the upside sticks and we will be ready if the market attempt at a bounce implodes.
GENZ 08/17 BearFla 51.02 +0.47 50.11 46.65 2.2M 4.2M 51.31
Buy Not Issued. Stepped higher on lower volume to close with the 18 day EMA (51.10) and April, June, and July peaks as resistance. This is a great point for GENZ to fail at.
HCBK 08/14 Dbl Top 13.44 +0.09 13.44 11.42 6M 9M 14.03
Current. Soft step up on slightly higher volume but closed a bit off the high. Still holding the 200 day SMA (13.32) as support, but weakly. Great place to fail.
ICE 07/16 Put 89.85 +0.73 89.65 81.45 1.7M 2.8M 89.44
Current. Have to be a bit careful here McFly as ICE has something of a double bottom. Needs to start slipping a bit.
IM 08/13 Put 16.37 -0.10 16.27 14.15 2.3M 2M 17.11
Buy Not Issued. Side step on just over average volume to hang under the 10 day EMA (16.52) as resistance. Looking weak and ready to roll lower if it continues to stall.
LMT 08/05 Put 73.74 -0.36 74.54 70.04 2.2M 3.6M 75.66
Current. Low volume doji to the side to hang on at support from the July low. Now we see if it can get the bounce up or if it breaks down.
MHK 08/11 Dbl Top 45.96 -0.12 49.21 44.11 1M 1.4M 46.66
Side step to hang under the 18 day EMA (46.96) as resistance. Not giving up yet but it cannot make any headway so we are leaving.
MS 08/17 Dbl Top 28.83 +0.05 29.55 25.35 13M 27M 30.64
Buy Not Hit. Held the 50 day EMA (28.48) and may try to test around 30. If it fails there we will have a good entry.
PG 08/11 BearFla 52.80 +0.35 51.81 49.55 12M 12M 53.31
Buy Not Issued. Very soft step up after peeling back from the high at the 50 day EMA (53.05). Could break lower from the test of strong resistance.
RHB 08/12 BearFla 21.34 +0.14 21.51 17.86 84K 285K 22.11
Current. Side step after failing to make the intraday gains on low volume stick. Weak action and ripe to fall.
SDS 06/20 Dbl Top 45.90 -0.80 57.88 61.35 45M 50M 59.11
Current. Stepped lower as the market continued the bounce up. If the market bounce implodes and falls back it will get us a better exit.
SMH 08/14 BearRev 24.55 +0.23 23.96 22.08 8.6M 15M 24.41
Current. Low volume bounce so it is not clear of the downside action, but we do not want this to continue.
SPY 08/18 Rollove 99.96 +0.87 98.94 95.03 192M 225M 100.41
Entered today. Filled the gap early and stalled so we moved in, but then it resumed the move into the close. Now we see if there is anything left in the tank and if the SP500 turns over again we will add more positions.
SVNT 08/07 Put 13.07 +0.35 12.64 10.00 1.3M 5M 13.68
Buy Not Issued. Continued higher even as volume dried up for a weak move. Looks like it is stalling a bit here but we need the break below the 50 day EMA (12.30) before we move in.
URS 08/18 Rollove 46.21 -1.31 47.38 43.24 1.5M 1.4M 48.43
Buy Not Issued. Did not want to chase it as it gapped lower to a doji. If it tests to around 47.50 and stalls we will look for an entry there.
VCLK 08/12 BearFla 10.67 +0.29 10.55 8.45 1.4M 1.4M 10.31
Exited. VCLK bounced for a higher low on volume so we exited. Still a chance for it to roll but we are not taking any chances.
End part 2 of 3
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us stock market
trading system
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