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Begin part 2 of 3
CONTINUING PLAYS 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 189.86 +1.81 138.55 149.91 32M 23M 185.34
Current. Tested lower and bounced to close up ahead of earnings. Big beat after hours on top line, bottom line, and everything in between. Trading over 202 after hours. Will see what it can make of this new Tuesday.
AAPL 04/15 Test 20 189.86 +1.81 119.69 132.77 32M 25M 185.34
Current.
ADTN 10/13 Asc Tri 25.69 +0.08 25.78 29.95 932K 1M 23.98
Current. Not moving much here with the lighter trade to start the week. Pausing at the prior October high and moved past intraday but fell back at the close. Still nicely positioned though so will give it more time to bounce higher from here.
ANV 09/12 Flag 10.74 +0.11 9.45 11.61 229K 475K 10.11
Current. Short move higher after testing up and down intraday to keep moving along the 10 day EMA (10.60). Tested three days last week and now at some support to hold. Looking for it to start back higher from here.
APA 10/13 Test BO 104.06 +1.31 99.71 109.95 2.3M 4M 97.31
Current. Stepped higher again here to follow up the lateral doji on Friday. Solid run after the bounce last Tuesday but now volume is drying up a bit so we watch for it to test. Support is just over 100 if APA begins to stall.
APA 09/29 Pennant 104.06 +1.31 92.37 105.95 2.3M 4M 97.31
Current.
APOL 09/24 Flag 73.91 -0.07 72.46 81.95 1.8M 3.4M 71.55
Current. Neat little test here with the lateral doji after bouncing off 72.50 at the intraday low. Third day testing here after stalling at 75, and now will see if it can start bouncing up to take out that level of resistance.
ASIA 10/01 Asc Bse 23.59 +0.33 20.74 23.85 1.3M 900K 21.97
Current. Closed positive, but a very volatile day as it moved much higher and lower before closing. Huge jump last Wednesday and then a bit of a pause to end the week. Looked like it was ready to get moving again here but not able to make the gains tick. Still look to see if it can calm down a bit on Tuesday and then start heading higher again.
AUXL 10/12 ABCD Up 33.99 +0.20 34.68 39.95 309K 700K 32.87
Current. Intraday move lower but recovered to close with a doji over the 18 day EMA (33.92). Light trade on the move but holding a good level at the 34 dollar mark. Will give it a chance to carry the bounce into Tuesday and will see if trade can pick up some as well to give AUXL a boost.
AVB 10/07 ABCD Up 74.28 +2.23 72.81 81.95 1.4M 2.4M 71.77
Current. Opened at the 18 day EMA (72.51) and popped nicely higher. Not able to move past the 75 dollar mark and the lower September high, but still a solid bounce. Will now see if it can continue Tuesday to start a new run higher.
BCSI 09/14 Pennant 25.60 +0.59 19.05 24.88 1.1M 825K 23.91
Current. Solid. Another press higher with volume for the third day of bouncing off the 24 dollar mark. Looking at the May '08 peak now (25.66 opening) as potential resistance, but BCSI is a solid mover. Now we watch for it to try to crack through.
BEE 10/08 Pennant 2.64 +0.04 2.43 3.88 4.3M 3M 2.22
Current. A bit of gain here, but not much after giving up the better intraday level over the 2.75 mark. Still looks like it wants to try a move, but may need to take a bounce back off the 2.50 mark to get things going. We will see.
BEN 06/25 Test 50 112.03 +1.96 71.80 79.95 1.7M 3.4M 206.88
Current. Not bad at all. Financials looked weak early but then BEN ended up bouncing off 110 and pressing higher. Nice move after the pause Friday with the doji, and now could keep moving from here. At this point, just seeing how far BEN can run.
BGG 10/15 ABCD Up 20.28 +0.10 20.57 23.95 629K 500K 19.64
Buy Not Hit. Intraday move lower to the 20 mark but bounced nicely to close for a side step. Testing at this level over the 20 dollar mark and now just waiting for it to start bouncing before we enter.
BLKB 09/30 Flag 23.76 0.00 23.55 27.95 151K 345K 21.97
Buy Not Issued. Lateral move after a short test lower to the 18 day EMA (23.44) that bounced lightly. Holding nicely in this very gentle test lower from just over the 24 mark. At support and just waiting for the bounce to get things moving again.
BLKB 08/19 Flag 23.76 0.00 19.60 22.94 151K 240K 21.98
Current.
CAST 09/18 Cup hdl 8.36 +0.33 7.32 8.38 404K 300K 7.78
Current. Testing Thursday and Friday but bounced at the 8 dollar mark to start back up. Intraday move to 9 came back down a bit, but still a solid bounce after a short test. Good volume and has the strength to keep moving.
CELG 09/05 ABCD Up 56.56 +0.14 52.91 59.88 2.8M 4.8M 53.92
Current. Another side step as it throws the back to back doji here. Has cleared over the September peak (55.90) but really more a range of resistance here with the August pre gap level here as well (56.50). Looks to be holding up so now it will either try to make a move or start slipping lower.
CGA 10/16 ABCD Up 13.50 +0.56 12.98 16.65 1M 850K 12.07
Current. Tested for two days to finish up last week, and a bounce here off 13 to get things started again. Right at the September high (13.48) bouncing nicely after the test so looks good. Want to see it punch through there to keep the movie in shape.
CHINA 09/12 Pennant 2.53 +0.07 2.78 3.85 551K 2M 2.48
Current. Short gap lower but recovered to keep us in the play. Holding the line at the 2.50 mark so we will wait it out a bit longer. Want to see it start bouncing solidly from this level to get the play back in shape.
CLF 09/28 ABCD Up 38.70 -0.08 31.12 39.95 3.5M 5.2M 35.87
Current. Short gap up and then slipped back to close flat on the day. Still looks ready to test some after the small gravestone doji Friday. Solid run so will let it test to the quickly rising 10 day EMA (36.82) and see if it holds there.
CME 10/10 ABCD Up 318.61 +5.75 296.21 338.88 1M 1.2M 305.11
A bit concerned here Friday as it surged over the September peak (313.00, opening) and then fell back, but a nice move past there to start the week. Not set it stone, but looking good if it can add to this and keep moving through this range of resistance. Will see what it can do from here.
CME 09/26 Flag 318.61 +5.75 300.77 338.88 1M 1.2M 305.00
Current.
COP 10/02 Pennant 53.08 +1.12 46.72 55.95 13M 17M 50.68
Current. Cruised higher past the prior October high at the 52 dollar mark. Could keep moving from here after spending a little over a week banging around between the 50-52 range. Volume was light everywhere Monday, but a boost here could really keep this run strong.
CRI 09/15 Asc Tri 28.92 +0.34 26.51 30.98 526K 900K 27.44
Current. Got the ball rolling again here with the step higher Monday. A bit of testing to finish last week but bouncing here to again challenge the July peak (28.74) will see if it can continue or if it needs to rest a bit more.
CTXS 09/22 Test BO 42.34 +0.38 36.77 42.95 2M 3.2M 39.89
Short flag pattern still setting up here at the 42 dollar mark. Holding the level nicely with yet another lateral move and will see if the support from the rising 10 day EMA (41.53) can set it off higher again.
DLTR 09/08 Test BO 49.38 +0.48 49.73 56.95 941K 1.5M 48.38
Current. Big intraday move down to the 50 day SMA (48.32) but bounced to close for a short move higher. Over the 49 mark again that is some resistance but looks solid as it closed very near the high. Now watch for it to keep bouncing to the 50 mark as resistance where it has failed twice already this month.
DO 09/26 ABCD Up 106.70 +1.09 93.23 106.95 1.5M 2.4M 101.89
Current. Trickling higher to follow up the Friday lateral doji. Over the 105 mark and not doing much here at the moment. A very solid run up from just over 90 from the beginning of the month but does have to rest at some point. Still moving for now though so will see if it continues or if trade falls off and DO begins to slow.
DWSN 10/15 Asc Bse 29.12 +1.15 29.10 34.95 63K 155K 27.06
Entered today. Short little Asc Bse pattern here and ready for the buy with the intraday move to the 50 day EMA (27.38) that bounced. Moved to the prior October high (29.10 opening) and did not shy lower from there. Looks good to run.
EDU 10/05 Pennant 81.30 +1.13 81.14 93.48 515K 495K 77.47
Current. Short little flag pattern formed here from the October high to this support. Has held at the 80 mark and a nice reversal off the intraday low to get things moving again. Solid volume backing the jump and looks ready to run after testing for most of last week.
ESRX 08/06 Test 50 82.28 +0.93 67.39 74.95 1.9M 3.5M 79.11
Current. Still hopping slowly higher with this move that follows two days of testing back. Nice bounce at the 80 mark and 10 day EMA (80.64) on Friday and is reacting just as it should here. Looking for it to keep up the good work.
EWBC 10/02 Pennant 9.02 -0.01 9.73 11.81 961K 2.2M 9.05
Current. Closed laterally with the intraday bounce off the low at the 50 day EMA (8.91). Three days of testing and now at the support to hold with the moving average and the early October lateral move here. Not in any trouble as it holds the line here, but want it to start bouncing up from here.
FFIV 09/30 FlyPlat 42.95 +0.32 40.51 44.95 1.3M 2M 41.88
Current. Not much of a move to start the week as it close just barely positive. Not worried as it takes things easy after moving lower Thursday and Friday and is holding this support. Will see if volume can improve Tuesday and start FFIV moving higher again as it is set up to do.
FLIR 09/28 ABCD Up 29.30 +0.68 28.50 33.88 1.8M 3M 27.78
Current. Good looking run here so far in October. Not the strongest action Friday with the gap up and rollover, but corrected that here as it moved nicely higher all day. Closed over the September high (28.64)) and not slowing down. Started a good bounce off the 28 mark last week and now see how far it will let that run.
FLOW 09/12 Flag 2.72 +0.03 2.60 3.65 109K 335K 2.65
Current. Closed positive but really just a nice little doji here as it bounced off the 18 day EMA (2.67) as support. Moved lower from the doji over the 2.80 mark last week and holding a good level now. Want it to turn up off this doji and start back over 2.80 and hold it.
GD 09/17 Flag 68.70 +0.95 64.68 74.95 2.1M 2.8M 66.36
Another stock here moving slowly but surely higher. Nice consolidation over 65 earlier in the month and then started to bounce last week. Keeping that up here and will see if it can keep plodding higher from here.
GIS 08/07 Test BO 66.32 +0.32 58.59 67.42 2M 4M 64.44
Current. Hmm. Doji here to the side as it just barely scratched positive. Not too worried about it as it could move up from here, but will watch it as this could signal a test lower. It is moving out of a very nice consolidation over the 64 mark though so we will see if it can get a bump in volume to send it higher again. Solid move overall.
GLD 10/02 ABCD Up 104.23 +1.05 98.89 105.45 14M 14M 101.88
Current. Nice test and hold of the 10 day EMA (102.84) last week and now a bounce higher from there. Just moving here with gold bouncing again after taking a few days off. Is at the prior high (104.26) from last week so will see how it reacts at that level.
GME 10/10 Cup hdl 28.16 +0.43 27.34 31.95 2.4M 6M 27.11
Current. Stepped higher with the falling, below average volume. Lighter volume day so not too focused on the volume, but still watching it as GME is at some potential resistance at 28. Nicely set up though and moving when it needs to, so bouncing a little more here would not be a surprise.
ICE 09/16 Flat 106.03 +0.19 97.35 114.94 2.2M 2.2M 102.91
Current. No surprise here. Huge jump on Friday and then cooled down here with the side step to a doji. At the mid June low (106.03) and pausing. If it can continue past, great. If it backfills some from here, look for the test to stay nice an controlled.
ILMN 09/24 Flag 43.74 +0.11 40.75 48.45 1.3M 2.5M 41.22
Current. Trying to squeeze out a bit more here but not able to move past the 44 mark and closed back for a doji. Nice jump early last week and has just been taking things slow since. Looks like it will test lower off this doji so we look first to see if it holds the 10 day EMA (42.91).
JAZZ 09/22 Flag 8.78 +0.26 10.27 12.24 1.8M 2.8M 8.97
Current. Closed a decent bit higher, but still not able to make the move over the 9 dollar mark stick. Third day of doing this and looks quite promising. Will let it play out and give it a chance to bounce over and hold.
LRCX 10/17 Flag 36.82 +0.36 36.82 42.89 2.5M 4M 35.18
Entered today. Nice little flag set up here and we got the buy as it bounced off support from the 10 day EMA (36.35). Lighter than average volume, but not a unique thing this Monday. Solidly positioned to run.
LTD 08/14 Flag 19.43 +0.60 14.56 17.55 3.3M 5.8M 19.98
Current. Moving like plenty of other stocks as it tested a bit Thursday and Friday, and then started to bounce here. Light test off the 10 day EMA (18.60) and looking good. Would watch the lighter volume, but saw that everywhere so not too concerned.
MANT 10/06 Test 20 47.53 +0.35 48.42 55.77 121K 325K 46.69
Buy Not Hit. Working laterally here with light trade as it took a very short bounce up off the 200 day SMA (46.91). Holding the line where it needs to so we will wait as it sets up. Want it to start moving strongly up to 48 and hold to get us looking at a buy.
MOT 10/15 Dbl btm 8.47 +0.62 8.36 9.49 44M 35M 7.77
Buy Not Issued. Held off Monday, but just barely as it bounced solidly off the 50 day EMA (7.97). Nice move back to the prior October high, and if it continues from here, it is a buy.
MPET 10/14 ABCD Up 1.60 +0.08 1.52 2.11 1.3M 387K 1.44
Current. Gap higher to the September peak at 1.60 and closed there for a doji after surging further intraday and then fading back. A solid thump higher, but watching it as it is very volatile at the prior peak. If it can continue it would be great. If it tests back off this doji we want it to hold around 1.50ish.
NFLX 09/28 Flag 49.80 +0.81 46.48 54.95 797K 1.5M 47.88
Current. Short gap up to close with a doji at the April peak (49.61). Letting it take its time as it holds support after the explosive Thursday move higher. Nice Test of 48 Friday that bounced, and now will see if this was enough to send NFLX higher again.
NTGR 09/12 Flag 18.13 +0.16 19.32 23.58 268K 375K 17.97
Current. Stepping lightly to the side as it moved just barely positive on the day. Tested a little to end last week, but holding up solidly around the 18 dollar mark. Letting it take its time to gather strength for the next move up from this level of support.
NTGR 07/28 Test BO 18.13 +0.16 17.05 19.95 268K 350K 17.84
Current.
NVTL 10/07 Test 50 12.02 +0.20 12.30 14.98 411K 900K 11.44
Current. Nice little step higher here after testing back most of last week. A bounce at light support and looks good to continue if it can keep moving past the 12 dollar mark on Tuesday.
OREX 09/14 Test BO 8.25 -0.34 9.24 11.68 802K 1.1M 8.97
Exited. Time to cut this one off as it moved below the support at the 50 day EMA (8.58) that it needed to hold.
PAAS 10/17 Test BO 24.05 +0.03 24.51 29.77 1.7M 2.4M 23.61
Buy Not Hit. Nice reversal off the low to close with the doji at the 18 day EMA (24.00). Tested back with the big move lower last week, and now want to see it hold here at the September highs and the moving average. Could give us a great entry from here, but needs to make the bounce first.
PAET 09/17 Asc Tri 4.21 0.00 3.20 4.21 1.1M 700K 3.98
Current. Side step after testing to the 4 dollar mark and 18 day EMA (4.03) and bouncing to close for a doji. Tested for a few days to end last week and looked ready to keep it up. It certainly did that here but may have saved a few days. Reached to the level it needed to and bounced, and now look for it to start moving higher from here.
PALM 10/08 Pennant 15.69 -0.40 17.08 20.88 7.3M 14M 15.88
Current. Gap up to the 18 day EMA (16.32) and then fell back to close lower at the support from the 50 day EMA (15.47). Not working in the pennant pattern anymore as it falls below the 16 mark but will look for it to make a stand here. If it cannot start to bounce from this level we cut it loose.
PFCB 09/26 Flag 35.50 +0.62 33.76 40.95 738K 650K 33.22
Current. Nice rebound off the intraday low at the 18 day EMA (34.59) to step higher at the close. Still a bit choppy throughout this month so far, but working in the uptrend. Now we see if it can start something new. It is at the prior October high (35.52) and it is time to move past there and get a run higher started.
PMCS 09/18 Flag 9.71 +0.28 9.59 11.91 3.2M 5.2M 9.47
Current. Solid rebound here to keep things in shape. Tested back hard Thursday and Friday to bounce off the 50 day EMA (92.6) and has carried the bounce over the Monday. Not out of the woods yet, but make a stand where it had to and is now moving higher.
QSII 09/29 Flag 64.56 -0.28 62.14 71.95 270K 400K 61.45
Current. Working laterally after the intraday surge and fall back to flat. Support is at 64ish from the September high and QSII has held that with this seventh day at that level. Will give it more time here to start something but will watch after the short rollover Monday.
RDY 10/02 Flag 20.35 -0.11 19.36 22.95 201K 545K 19.65
Current. Tight little doji with this side step over the 20 dollar mark. At a support level and holding up still after the nice Friday test lower that bounced so we give it more time. Improved trade would help here so we will see if that can lend a hand if RDY starts to bounce from here.
RIG 10/13 Flag 92.70 +1.62 90.30 99.94 3.7M 6M 87.77
Current. Another move higher out of the flag pattern here to close over the prior October high (92.11). Nice little continuation doji Friday at the 90 mark and just resuming the move here. Now just letting it run.
RS 08/27 Pennant 43.75 -0.14 37.55 44.75 1.1M 1.4M 41.98
Current. Second day working laterally here with this doji after closing down from better intraday levels. Over the 10 day EMA (43.09) as it pauses here so going to wait it out. Will see if it can get a bump from the moving average to start higher again.
RTEC 10/17 Asc Tri 7.72 -0.25 7.87 9.97 98K 150K 7.32
Buy Not Hit. Bumped lower away from the resistance level at the 8 dollar mark. Had pressed through there earlier in the month, but could not do so again after the test and bounce Friday. Will look for RTEC to hold support here at the 18 day EMA (7.72) and then start back higher. Moved the buy point to account for this move back.
RTI 10/14 Pennant 23.79 +0.32 25.36 29.95 833K 875K 23.77
Current. Leaving this one as it tries to recover. Still struggling as it could not move past the 18 day EMA (24.01) but it is trying to make the bounce so we will give it time. Want to see if move back over the 24 mark within the next couple of days, but watch out if it starts sliding back harder from this level.
SCHN 10/17 Asc Tri 52.99 -1.01 54.62 62.94 607K 800K 50.84
Buy Not Hit. Not ready to move into this one yet as it slipped below the 50 day EMA (53.85) and never recovered. Still a reasonable range, but want to see it start to rebound soon to get the move back on track.
SD 10/13 DB hdl 13.68 +0.02 13.76 18.95 4.9M 5.9M 12.82
Current. Another one working laterally Monday after a bounce off the short intraday move lower. Holding as it tries to move out of the handle to get past the 14 mark, but not making a move yet. Trade picked up Monday, and we will see if that can give SD a nudge higher Tuesday to get things started.
SLAB 10/10 ABCD Up 44.81 +0.40 46.88 52.95 623K 1M 44.28
Current. Nice bounce off the low to hang on at the support from the 50 day EMA (44.50). Trying to make a higher low here after two pretty big days lower Thursday and Friday. Needs to hold here and start back up.
SLXP 08/01 Flag 21.27 -0.96 12.37 14.94 1.1M 435K 21.97
Current. Bumped lower to move below the 22 mark on Monday. Had been making a nice test but things got a bit out of control here. Needs to recover the 18 day EMA (21.70) Tuesday or we will give it the axe.
SOHU 09/21 Test BO 69.99 +5.27 69.31 79.95 1.6M 1.1M 67.31
Current. SOHOOOO. Got an upgrade and what a move. That pumps the option values back up nicely and could set off a huge run here. Now we see if it can take out the September high (70.92) with just another decent move up.
SPN 09/26 ABCD Up 25.78 +0.76 21.98 25.36 901K 1M 23.96
Current. Superior performance from this stock as it pumped higher yet again with this move off the Friday continuation doji. There is support at 24, but not showing signs of slowing so we will see how far SPN can take us.
SQM 10/12 ABCD Up 39.44 +1.15 36.82 44.78 1.1M 1.2M 35.77
Buy Not Issued. Gapped away from us so will wait for a test. Dropping it until then.
STE 08/29 Asc Tri 32.76 +0.01 28.67 33.91 467K 625K 31.88
Current. Holding up solidly with the intraday move lower to the 10 day EMA (32.04) that bounced. Lateral move at this level for over a week now and looks like it is itching to move. Now seeing if this test and bounce with volume can set it off higher.
SVA 10/12 Test BO 8.09 -0.08 8.01 11.95 1.6M 5M 7.11
Current. Short step lower here with light trade to hold over the support at 8. Not much going on here but continuing the five day lateral move at this level. Will see if it can start to bounce here to get things moving again.
SWI 10/10 ABCD Up 22.81 +1.27 22.85 26.95 753K 700K 21.82
Current. Nice recovery off the 50 day EMA (20.93) with the intraday test to there that bounced hard. That is why we hung with it even with the volatility, and now SWI is back on track. Stalled at the C point in the pattern with the previous move to this level, and now we see if it can move past this time.
SY 08/26 Test 50 41.67 +0.35 35.15 40.45 733K 2M 40.55
Current. Short gains here, but really not much of a move at all. Solid move from around 38 at the beginning of the month and has now been resting for the past few sessions. Showing it can move off the 10 day EMA (40.64) though and will see if it can make a move Tuesday.
THC 08/24 Flag 6.16 +0.22 4.73 5.95 13M 12M 5.68
Current. Nice. Seven days working laterally at the top of the trading range at 6.0, and now a move over that with volume. Solid base to spring up from as it cracks through this level and could set off a new run. Will see what it can do from here.
THS 10/14 Pennant 35.82 +0.47 35.73 41.45 161K 480K 34.22
Current. Short bounce up off the 50 day EMA (35.08) to start the week. Noe much of a move as it hags under the 36 mark but still doing its job for now. If it can add to this Tuesday it could start something, but for now we will let it work laterally along the support from the moving average.
TIBX 08/20 Pennant 9.90 +0.24 9.40 11.94 2.6M 3.2M 9.48
Current. A bit of testing last week to bounce off support at 9.50, and looks to like that here as it moved higher. Still not able to break past the 10 mark, but very much in the uptrend. Want to see TIBX add to this on Tuesday to move past 10 and provide a chance for a new break higher.
TIE 09/21 Cup hdl 10.49 +0.22 10.27 12.39 1.7M 4M 10.04
Current. Stepped higher with the bounce off the Friday test of the 10 day EMA (10.21). Not much power here but still doing an ok job for now as it holds under the September high (10.49). Letting it play for now to see if it can get a move together.
TRLG 09/05 Asc Tri 27.24 +0.26 22.57 26.94 297K 700K 25.58
Current. Tested nicely lower from 28 last week and is now bouncing at support from the 18 day EMA (26.66) and September high (26.63, opening). Intraday move up to the 28 fell back a bit into the close, but still not bad overall. Has bounced at support so we give it the chance to continue.
TYC 07/10 Test 50 35.91 +0.79 26.75 31.95 2.9M 5.5M 34.11
Current. Moving higher Monday with just under average volume. Looked a bit ready to test Thursday with the gravestone doji and Friday with the move back, but is now starting solidly higher. Will watch it at the October intraday high (36.00), but not too worried about that as TYC is solidly positioned.
UPS 10/08 Test 50 57.62 +0.50 57.15 64.95 2.7M 4.5M 55.38
Current. Started to slip higher off the Friday doji, but not able to do much with the light trade. Closed just under the September gap up (57.84, opening) still, but not too worried about it. Nice little uptrend and will give it more time to refuel and start the move higher.
UTSI 10/05 Cup hdl 2.18 +0.05 2.19 3.48 303K 950K 1.87
Buy Not Issued. Short gains here to keep UTSI on track. Nice little trading up and down just under the 2.20 mark, and that is right where it closed Monday. Trading is tightening up here and now just waiting for UTSI to make the move over the 2.20 mark to give us an entry.
VMC 10/17 ABCD Up 53.19 +0.71 52.78 60.95 1.4M 1.6M 50.54
Entered today. Tested the 50 day EMA (51.50) and then rebounded to positive on better volume. Good action and moved in with this strong start to the week after pausing Friday.
ZEUS 10/15 Asc Tri 30.45 -0.03 30.68 39.88 192K 250K 28.77
Buy Not Issued. Short gap up and then slid back to close for a lateral move. Not buying with this type of action but will let it set up more. There is support around 30ish and we can still look at an entry with a strong bounce up from that level.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AIPC 09/26 BearFla 28.60 -0.20 27.60 24.04 203K 500K 28.39
Current. Gapped to the overlapping resistance at the 50 day EMA (29.26) and 200 day SMA (29.18) and promptly slid lower into the close. Still a bit of a lateral move but heading nicely lower now. Will see if this can continue to start the break lower.
CAB 09/23 BearFla 14.00 -0.06 13.21 11.38 1.1M 1M 13.96
Current. Lateral move with this doji just over the 50 day EMA (13.96). Not giving up this level of support, but still a place it can roll lower from. Will give it some more time here and see if it can start to crumble.
DIOD 10/05 BearFla 18.51 +0.30 18.32 15.22 245K 400K 19.22
Buy Not Hit. Moved a bit higher after thumping lower Thursday and Friday, but it is ok to let it test some. Will see if it can keep rebounding to the 50 day EMA (19.04) and fail and we can look at adding positions there.
DIOD 09/18 Put 18.51 +0.30 19.56 17.02 245K 375K 17.66
Current. Rebounding a bit as we thought it would after rolling lower last Thursday and Friday. Came back from the intraday move up to the 50 day EMA (19.04) but could still move a bit higher. Has shown that it can fail at this resistance though so will let it test and look for it to stall out there.
DST 10/10 BearFla 43.99 -0.22 43.88 40.38 409K 600K 44.75
Buy Not Issued. Moved laterally with the doji under the 50 day EMA (44.30). Holding under the resistance from the early September low (44.42) as well and looks good. Not ready for the buy, but if it sells with this higher volume and holds then we can look at a buy.
GS 10/17 Put 185.50 +1.13 183.63 175.05 7.5M 15M 188.11
Entered today. Came back on us after we moved in, but at a key level below that September high (186.31, opening). We want it to stay below there to keep this play in shape. Good risk/reward so we will wait it out and see if it can make the break lower.
IWM 09/30 Rollove 62.19 +0.51 61.48 57.55 39M 48M 62.82
Current. Short move back up but still bumping at the September highs (62.13, opening). Needs to hold the line here as it is doing so far to keep us in the play. Looking for it to break lower to get the play back on track, or at least give us a better exit.
MPWR 10/08 BearFla 22.16 +0.24 21.21 18.52 362K 450K 22.38
Buy Not Issued. Closed a bit positive, but really just a lateral move with this doji. Under resistance from the 18 day EMA (22.21) and the trendline drawn through the June/August/September lows so we will wait a bit longer. Want to see the bounce down from here that can't recover to give us an entry.
NTES 10/14 BearFla 39.36 +0.89 39.77 35.04 1.4M 3M 41.66
Bounced up a bit with the light volume we saw across the board Monday. Moving to some resistance at the 40 dollar mark from August lows, and will see if NTES fails there to give us a better entry.
STLD 10/17 ABCD Dw 15.32 -0.07 15.16 13.11 10M 8.5M 16.24
Entered today. Nice ABCD down pattern here, and we moved in as it added to the Friday downside. Failed at a key level Friday and looked ready to slip lower again here, but did bounce lightly off 15 where it bounced earlier in the month. Like the set up as it is in a great position to break lower from here.
End part 2 of 3
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