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us stock market, trading system
Begin part 2 of 3
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CONTINUING PLAY TABLE:
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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 170.05 +0.60 138.55 149.91 16M 23M 162.92
Current. Gapped higher but then faded as did many techs to end the week. Did not really hold onto any gain but still at the new highs so we are going to see what it can manage Monday.
AAPL 04/15 Test 20 170.05 +0.60 119.69 132.77 16M 25M 162.92
Current.
AF 08/24 Pennant 10.54 -0.12 11.18 13.91 591K 1.6M 10.48
Buy Not Issued. Gapped up but slipped lower so we dropped it as it is breaking up the pennant pattern.
AGN 08/17 Flag 55.10 -0.72 55.58 61.95 1.6M 2.4M 54.08
Current. Stepped back but bounced off the 18 day EMA (54.68) at the low. Not holding the earlier August highs like we wanted, but with the 18 day EMA holding the uptrend is intact. Looking for it to start back up from here.
AKS 07/23 Test 18 21.12 +0.42 19.65 23.55 5.7M 12M 19.21
Current. Gapped to a doji with lighter volume to post solid gains to finish the week. Metals were relative strength performers and AKS looks solid moving into Friday as it easily held the 10 day EMA (20.70) as support.
AKS 07/13 Test 50 21.12 +0.42 17.24 20.58 5.7M 12M 19.21
Current.
APA 08/22 Rev HS 87.30 +0.86 86.89 99.97 2.9M 4.4M 84.91
Buy Not Issued. Stepped higher after a test down and bounce off the 18 day EMA (85.80) as support. Good test here but we just held off the buy. If it continues higher we could look for a move in.
ASF 08/25 DB hdl 24.40 -0.28 24.60 29.88 112K 300K 23.72
Current. Short step lower with light trade but held support at the 18 day EMA (24.29) with the close. Not the prettiest action to finish the week but still a pretty tidy pullback and in good shape to make a jump out of this handle.
AXP 07/14 Cup 34.24 +0.28 24.68 29.88 11M 29M 31.58
Short step higher after recovering off the intraday low. Solidly in the uptrend and looking good for next week though it may test back a little to start.
BABY 08/19 Pennant 14.44 -0.15 14.03 16.92 89K 335K 13.77
Eased down with very light trade to finish the week and slipping a bit below the prior August high but still in a pretty good range. Keeping this pullback neat and it looks good if it can bounce here.
BBBB 08/19 Flag 35.19 -0.27 36.04 41.75 77K 425K 34.89
Current. Gapped and slipped back to close at support from the 18 day EMA (35.16) on light trade. Holding a bit of support over the mid August low and if it can turn up here we can draw a short trendline starting with the beginning of the month gap. Not in bad shape at all moving into next week.
BEN 06/25 Test 50 93.71 +0.73 71.80 79.95 1M 3.4M 90.42
Current. Baby step higher to a doji that held the 10 day EMA (93.28) as support. Held where it needed to and now time to get the move over 95 and the prior August highs.
BHP 08/10 Flag 64.06 +0.40 63.48 72.94 2.7M 7M 62.21
Current. Short gap and fade back to close on slightly positive. Not as strong as other metals to end the week but moving in the right direction and just need it to keep going Monday.
BIDU 07/29 Flag 339.53 -0.57 355.11 388.45 1.1M 2.5M 335.88
Current. Side step to hold the 18 day EMA (340.10) as support with below average trade. Still looking a bit sluggish and we need this moving average to hold after it failed to move over the prior August levels. Would like to see upside stick next week.
BIDU 07/08 Test 50 339.53 -0.57 281.68 307.85 1.1M 2.5M 346.88
Current.
BLKB 08/19 Flag 19.47 -0.32 19.60 22.94 104K 240K 18.49
Current. Slid lower with falling volume to hold the 10 day EMA (19.45) as support. Feeling the heat from resistance at 20, but if it can keep the tidy pullback going and bounce we will give it another chance to break through. At the 10 day EMA right now, but if it fades back a bit more there is some support at 19 to use.
BOOM 08/26 Flat 16.69 -0.37 17.11 21.95 150K 450K 15.91
Buy Not Issued. Gap and fade back to close moderately negative with below average trade. Not as strong as other metals but at a pretty decent level so we are giving it more time.
BR 08/05 Flag 20.60 +0.02 18.05 20.95 906K 1.3M 19.88
Target Hit. Gapped a bit and surged higher so we took some gain as it started to come back. Closed for a doji at this level and looking ready for a test, or maybe just a little move down to around 20 to get a breather.
BUCY 08/04 DB hdl 30.54 -0.07 31.68 37.94 1.5M 3.4M 31.03
Current. Bounced off support from the prior August lows with the intraday dip down to close for a lateral move. Holding this level as it needs to, but now it is time to start working higher.
BWLD 07/18 Trnd Rv 42.07 0.00 34.19 41.95 351K 925K 39.77
Target Hit. After fishing around a bit intraday BWLD closed for a lateral move so we took some pretty good gain. Looks a little slow here and about ready to test back some.
CEDC 08/12 Flag 32.66 +1.18 32.15 39.55 1.3M 1.2M 29.78
Current. Clicked higher with improved, above average volume to close right at the previous August highs. Looking strong but now needs to post a bit more upside at this level to punch through.
CELG 08/26 Test BO 52.72 -0.81 54.67 64.95 2.2M 5M 51.11
Buy Not Hit. Slid lower but bounced off the low to keep things intact. Looking for the bounce up from here to keep going on Monday.
CRY 08/26 Flag 7.49 -0.13 7.66 9.91 221K 500K 7.12
Buy Not Issued. Tested both ways intraday before settling for a short step lower. Low volume move and not moving out of the flag pattern yet so we did not move in. Held the 10 day EMA (7.36) as support on the low however so not a wasted move as we can move in if we see a solid bounce higher.
CRZO 07/23 Test 50 19.97 -0.89 20.56 24.97 637K 1M 20.11
Current. Gapped and then drilled lower to close just over the 50 day EMA (19.69) as support. Holding the key levels from the prior August lows as well but we need to see a reversal here Monday.
DIOD 07/29 Flag 20.58 -0.11 19.02 22.48 250K 500K 18.92
Current. Nice little test of the 18 day EMA (20.25) that bounced to keep this very gradual slope down going. Holding a good level and positioning nicely to make a break higher.
DRIV 08/05 Rolling 35.41 +0.20 35.77 40.91 324K 640K 33.78
Current. Doji to hold support at the 18 day EMA (35.21) as the week wrapped up. At a bit of resistance from 36 after gapping up and it went nowhere afterwards but flowing laterally in a pretty good way here as it gathers strength to break higher.
EGOV 08/22 Asc Tri 7.61 -0.14 8.16 9.95 153K 350K 7.59
Buy Not Hit. Slid lower and unable to recover into the close so we are dropping it.
EMS 08/18 Flag 44.65 -1.51 43.71 49.95 294K 335K 44.22
Trailing Stop. Sold lower with higher volume so we close it out. Bounced a bit off the low so we will see if it sets back up to give a new entry.
EQR 08/14 Flag 27.80 -0.10 27.39 34.87 4.4M 6.5M 25.64
Current. Rebounded off the intraday low to hold in the lateral move of the past week. Taking things easy as this level and holding support easily so we are going to wait and see if it can manage something Monday.
ESRX 08/06 Test 50 72.60 -0.13 67.39 74.95 2.4M 3.5M 69.91
Current. Nice test lower and rebound to close flat to stay over the July peak as support. Flattening out here as it works to the side and catches its breath.
GIS 08/10 Test BO 58.97 -0.30 58.59 67.42 1.5M 4M 57.91
Current. Gapped and the faded back to close at support from the 10 day EMA (58.91). In the thick of the July trading range and at support here so we could see a bounce but if it fades a little lower to around the 18 day EMA (58.69) that would be ok.
GTLS 08/12 Cup hdl 19.73 -0.23 22.08 25.95 120K 450K 20.54
Current. Faded lower again and not turning like we wanted but it bounced off solid support from the 50 day SMA (19.52) so we are letting it play. Also down to the mid August low so at a key level to bounce from now.
HNT 08/19 BullRev 15.70 0.00 15.21 17.98 1.6M 3.5M 14.92
Current. Side step on below average volume to a doji. Just taking a three day weekend and in solid shape as it holds easily in the uptrend.
IBM 07/08 Rolling 118.22 -1.21 102.98 111.91 6.2M 10M 116.21
Current. Gapped to the top of the August trading range and reversed there as it found resistance. Closed at support from the 18 day EMA (188.27) to hold a reasonable level. Typical move for the day so we are going to give it a chance Monday to get back on its feet.
IBOC 08/19 Test BO 15.35 0.00 15.29 19.65 508K 650K 14.22
Current. Lateral move with low volume to a doji in this August consolidation. Really taking things easily with the very gentle slope higher but in good shape to start a new leg up so we are giving it time.
IDXX 06/08 Test BO 51.00 -0.44 45.64 51.95 167K 700K 49.11
Current. Gapped and then faded back down but bounced off support at the 18 day EMA (50.43). Not the right time to make the move higher but held the earlier August levels for support so we are leaving it. At a good point to start higher from.
IDXX 05/16 Test 20 51.00 -0.44 41.65 47.55 167K 700K 49.11
INT 07/24 DB hdl 46.75 +0.59 42.20 47.95 528K 700K 45.08
Current. Short gap higher but then surged all the way to 48 and the prior August levels before rolling back to close for a doji. Could not make the move stick but not giving up any gains from the gap either. Going to see if it can digest this move on Monday and calm down.
JRJC 08/25 Rolling 9.60 -0.27 10.37 13.31 116K 225K 9.64
Buy Not Hit. Gapped and then stumbled lower to break below the 200 day SMA (9.89) so we are dropping it.
KLIC 08/14 Pennant 5.50 +0.22 5.58 6.92 966K 1.2M 5.16
Buy Not Issued. Gapped and then stepped higher from there so we could not get in. Gave up some gains off the intraday high also so it was not a great time to buy. Going to see if it holds here and then gets gains to stick to give us the buy.
LNN 08/22 Asc Tri 43.20 -0.94 46.62 53.75 207K 450K 43.64
Current. Gap up and then faded back to hold support at the 18 day EMA (42.65). Need to see it reverse a bit from here on Monday.
LPX 08/17 Flag 7.48 -0.05 5.80 7.88 1.4M 2.5M 6.98
Current. Gapped and then faded lower to close for a bit of a side step at the new August highs. Volume is shrinking and LPX may be due to start testing back after stalling at this level.
MFW 07/27 Test 50 19.38 -0.29 20.68 24.89 56K 225K 18.97
Current. Gap and slipped lower to hold the 50 day EMA (19.44) as support. Refuses to do anything here but support is holding so we are going to give it a bit more time.
MR 07/01 Test BO 31.50 -0.31 27.62 33.88 446K 1.2M 30.22
Current. Small step lower to a doji that held support at the 18 day EMA (31.05). Nice test and recovery to end the week and this would be a great place to see MR turn higher from next week.
MR 06/17 Test BO 31.50 -0.31 26.53 31.45 446K 1.5M 31.58
Current.
MRVL 05/27 Asc Bse 15.36 +0.73 11.66 14.00 26M 17M 13.91
Target Hit. Gapped and then started a bit higher so we took some gain here. Came back some from the intraday high but held the gap, and if it can hold it Monday we will wait for a new pattern to set up.
NFLX 06/22 DB hdl 44.22 +0.47 41.38 49.95 1M 2.9M 43.91
Current. Gapped after the big Thursday recovery off the low, but then faded a bit lower into the close. Still a positive move though so we are going to see if it can keep heading higher Monday.
NKE 08/12 Cup hdl 56.18 -0.65 58.18 66.95 2.1M 4.5M 55.78
Buy Not Hit. Eased lower with below average volume to hold support at the 10 day EMA (56.15). Not the day to make a move so we will see if NKE can post more gains Monday to keep things flowing.
NOV 08/05 Rev HS 37.23 -0.73 37.14 42.88 5.9M 9M 37.89
Current. Gapped and reversed into the close. Not a strong move and this is where it needs to hold and start reversing from Monday.
NTGR 07/28 Test BO 17.47 +0.41 17.05 19.95 360K 350K 16.07
Current. Nice gains to end the week as it punched above the earlier August highs. Came back a bit from the intraday gains, but held the important level over the prior highs so it looks good for Monday.
NTRI 08/18 Rolling 14.41 -0.17 14.26 16.38 143K 400K 13.92
Current. Gapped a bit but eased lower into the close to finish up the week. Not able to add to the Thursday gains, but in good shape moving into Monday.
NVTL 08/22 Cup hdl 9.84 +0.05 10.36 12.44 677K 900K 9.63
Buy Not Issued. Worked higher intraday but rolled back to close for a very slight move up. At the mid August low here so a level we need to hold and start back up from.
OII 08/27 Flag 54.06 +0.21 54.04 64.94 325K 800K 49.88
Buy Not Issued. Short step to the side with a doji just over the early August lateral move. Not a strong bounce out of the flag so we are not buying, but if it can continue on Monday we can move in.
OREX 08/14 Pennant 8.13 -0.04 8.31 10.28 411K 1M 7.62
Buy Not Issued. Lateral move over support at the 10 day EMA (8.09) with very light trade as the week finishes. Taking its time and gathering strength and we are just waiting for the first strong move up before we buy.
PH 08/07 DB hdl 49.36 -0.32 48.82 58.77 1.1M 2.6M 48.11
Current. Gapped and reversed a bit to close at support from the 10 day EMA (49.26). A bit hesitant here after moving over the prior August highs but still in pretty good shape if it can hold this level and then start back up.
PMTI 07/25 Test 50 14.07 -0.09 14.63 17.88 73K 400K 14.55
Current. Short step to the side with low volume to end the week. Still trending along here and holding the uptrend so it is in good shape for Monday, we are just still waiting for it to finish resting and then renew good upside.
PNC 08/13 BullRev 42.86 +0.63 42.87 51.95 4.8M 8M 39.87
Current. Short step higher with rising, but below average trade. Working slowly higher towards 45 and the prior August peak so we are letting it run as it is in no trouble right now.
PNRA 08/24 DB hdl 53.24 -0.62 53.75 62.45 348K 875K 51.77
Current. Slid lower with low volume but held easily over the August lows as support. Still in good shape with support holding and we are going to see if it can get the ball rolling Monday.
PRFT 07/27 Asc Tri 7.87 +0.02 7.24 8.94 105K 220K 7.54
Testing the 18 day EMA (7.64) and prior August highs as support and bounced to close flat. Bumping the 8 dollar mark now but holding support easily so it looks good to work higher Monday.
RL 08/17 Flag 68.72 -0.41 66.04 74.95 672K 2.4M 64.89
Current. Short gap higher but then settled back into the close with very low volume. Lazy day here but solidly in the uptrend so we are letting it run. Still need to watch just over 70 with the prior August peak but RL looks solid for Monday.
RS 08/27 Pennant 37.66 +0.81 37.55 44.75 1M 1.4M 34.92
Entered today. Gapped up but tested lower so we entered as it bounced and moved back up. Closed above the prior August highs and is in very good shape to keep this up.
SBUX 06/23 Test 50 19.33 -0.11 14.82 17.95 6.6M 18M 18.49
Current. Gapped to start the day but then faded back slightly to close just barely negative. Easily holding the 10 day EMA (19.26) as support with SBUX flattening out here a bit to take a breather. Looking solid.
SLT 08/25 Pennant 13.91 -0.07 13.54 17.24 3.2M 3M 12.56
Buy Not Issued. Side step here with just over average volume as the week wrapped up. Right under the early August highs and not making any headway when many metals could. Need to see a step higher from here with volume that holds before we will jump in.
SY 08/26 Test 50 35.03 -0.12 35.15 40.45 714K 2M 33.64
Current. Not the strongest move with the gap and surge higher followed by the roll back down to close for a lateral move. A rough day for techs so we are going to forgive this move if it can post some good numbers Monday.
THC 08/24 Flag 4.76 +0.01 4.73 5.95 4.5M 12M 4.32
Current. Side step to a doji on low volume that held the 10 day EMA (4.65) as support. Working slowly higher to the prior August high and in good shape with the very concise moves. Going to see what it can do at the prior level next week.
TIBX 08/20 Pennant 8.96 -0.10 9.34 11.94 2.3M 3.2M 8.79
Buy Not Issued. Not going to touch this on as it showed the move of the day with a gap and reversal. Starting to slip a little below the bottom of the August trading but still close enough that it is not in bad shape. Just really need to see a bit of a reversal here Monday.
TITN 08/22 Cup 12.53 -0.13 12.95 16.68 98K 450K 12.32
Current. Stepped lower for the third day of downside in this very controlled test lower. Found support at the 50 day EMA (12.39) and this is where TITN needs to turn higher from on Monday.
TKC 08/07 Test BO 16.74 -0.12 16.10 19.64 339K 1M 16.38
Current. Gapped lower and made a valiant effort to recover the losses but the low volume dragged it back a bit. Managed to close for only modest downside though so that a plus. The pullback over the week though as found a bottom to hold and the uptrend is still in shape so we are going to see if it can keep going on Monday.
TSM 08/07 Test 50 10.78 +0.24 10.40 12.48 9.7M 20M 10.34
Current. Gapped to a doji at the prior August peaks but did not go anywhere from there. Coming off a higher low now and it would be very good to see it add to the gains Monday. Keep the 11 dollar mark in mind as a level to punch through.
UTHR 08/07 Flag 92.12 +0.92 92.66 103.94 195K 875K 88.82
Current. Short step higher with very light trade to take a step in the right direction after the sketchy Thursday action. Good first step to get back on track and UTHR just needs to take a few more in the same direction to keep things going.
WFR 08/20 Rolling 16.55 +0.50 17.08 20.88 4.6M 6.5M 15.88
Buy Not Issued. Nice gap higher that held after testing down and bouncing firmly. Good move, but we need it to keep going before we buy.
WFT 08/27 Cup hdl 20.54 +0.03 20.72 24.94 7.8M 15M 19.27
Buy Not Issued. Gapped and reversed but bounced off support at the 10 day EMA (20.20). Still in good shape if it can continue higher.
XLNX 08/26 Flag 22.65 +0.57 22.44 26.95 6.3M 8.5M 21.54
Buy Not Issued. Gapped and then move higher from there to close. Came back some from the intraday high but a very good move when many could not do the same. Not going to chase it as it gapped though and we will wait for it to test back a bit from here before we buy.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAP 08/20 BearFla 43.12 +0.03 42.62 38.85 1.3M 2.2M 44.12
Current. Recovered off an intraday test lower but still finding resistance at the 10 day EMA (43.29). Looking for the break down to continue the losses from the gap lower.
AMZN 08/19 BearFla 82.76 -1.55 82.73 75.58 4.6M 7.5M 85.77
Entered today. Gapped and then rolled over to break below key support at the 50 day EMA (83.39). Nice move to start the break lower and will be hard pressed to reverse this Monday with the 50 day EMA able to act as resistance now.
AVAV 08/01 BearFla 28.52 +0.02 28.04 25.11 126K 250K 28.88
Current. Squirted higher intraday but rolled back to close under resistance at the 50 day EMA (28.79). Very weak move and may get the break lower from here.
BKE 08/22 Put 27.07 +0.17 26.18 23.22 900K 1.8M 27.66
Current. Side step to hang under the 200 day SMA (27.61) as resistance as volume dries up. Also feeling the heat from the prior August highs and not able to get to that level so it is looking very ready to fall.
BRCM 08/24 Put 28.78 +0.83 27.48 24.45 7.6M 10M 28.46
Buy Not Issued. Gapped higher to a doji to take out the downside play so we are dropping it.
CUB 08/19 Dbl Top 35.69 -1.20 37.94 33.38 242K 250K 39.21
Buy Not Issued. Thundered down with over average volume to keep the downside going. Pretty big move and not able to get the buy anymore so we are dropping it.
FFIV 08/24 HdShldr 35.13 +0.67 34.66 30.88 1.7M 3M 35.72
Buy Not Issued. Stepped higher with improved volume and held onto most of it at the close. Still set up for the downside but we moved the buy point and will see how it plays out next week.
HCBK 08/14 Dbl Top 12.87 -0.06 13.44 11.42 8.3M 9M 13.26
Current. Side step with average volume to keep the move under resistance at the 200 day SMA (13.15) going strong. Now we wait for it to stumble further here to get the real gains rolling in.
ICE 07/16 Put 93.41 +2.11 89.65 81.45 1.4M 2.8M 89.44
Current. Stepped higher with below average volume to finish the week. After the pullback from the week, a better bounce would have been expected here so ICE is looking pretty lame. May try to work a bit higher Monday, but there is not much room that way so it looks good to turn lower.
IM 08/13 Put 17.08 0.00 16.56 14.15 1.6M 2M 17.06
Buy Not Issued. Gapped, tested higher, and then fell back a bit to close. Still filling the gap some so we are dropping it.
IWM 08/25 Put 58.05 -0.37 58.18 55.05 39M 50M 59.15
Buy Not Issued. Gapped and reversed nicely after moving laterally all week. May be ready for the downside now so it needs to keep the move lower going on Monday to lock it in.
JNPR 08/19 Put 23.58 -0.11 23.90 23.32 7.2M 12M 24.41
Current. Gapped, surged, and then reversed to close for a small step lower. Looks tired after the failed move so it may take a breathless fall down.
LMT 08/05 Put 74.95 -0.02 74.54 70.04 3.4M 3.6M 75.66
Current. Slipped a bit lower with average volume to end the week. Putting in a lower high here if it can continue lower Monday.
MS 08/17 Dbl Top 29.51 -0.33 29.55 25.35 14M 27M 30.64
Buy Not Issued. Gapped and then rolled back to close at the 18 day EMA (29.48) for support. If it can keep going lower Monday to follow up this it may be ready for the downside.
OMG 08/19 HdShldr 28.15 -0.34 29.88 24.91 250K 400K 30.92
Buy Not Issued. Slid lower with light trade to end this week. Keeps stepping lower all month and if this pattern holds we should see a step lower from here very soon.
PG 08/11 BearFla 53.19 +0.13 52.87 49.55 9M 12M 54.11
Current. Lateral move under the 200 day SMA (53.67) as PG continues to stall. Resistance is holding strong to keep shoving PG down.
RHB 08/12 BearFla 21.09 -0.34 21.51 17.86 70K 285K 22.11
Current. Quick step lower with below average volume to close right at the mid August low. Good step down, but this is a very good level to break with continued downside Monday.
SHLD 08/26 Put 64.44 -0.56 64.25 59.24 1.2M 1.5M 66.92
Entered today. Gapped and then reversed so we moved in the downside play. Could be the straw that breaks the camel's back so we are liking the action moving into Monday.
SMH 08/14 BearRev 25.69 +0.49 23.96 22.08 15M 15M 24.41
Current. Gapped and surged higher intraday but then reversed some into the close. Still upside, but we are going to see if it can roll back from here Monday.
SPY 08/18 Rollove 103.38 -0.02 98.94 95.03 147M 225M 100.41
Current. Gapped and then faded back with below average volume to close for a lateral move. Held the 10 day EMA (102.26) as support and still in the lateral move from the week but a weak day nonetheless. Going to see how SPY reacts Monday.
End part 2 of 3
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