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us stock market, trading system
Begin part 2 of 3
NOTE: PART 2 PRECEDES PART 1 THIS EVENING. THE PART 1 VIDEO MARKET SUMMARY IS AVAILABLE AT THE FOLLOWING LINK.
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VIDEO MARKET SUMMARY
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Detailed chart-based analysis of the key index and leadership charts now included in the Market Summary Video.
TO VIEW THE VIDEO MARKET SUMMARY CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/marketsummary.wmv
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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 198.76 +8.90 138.55 149.91 40M 23M 189.78
Current. Gap higher with earnings released late Monday. Held most of the gap but could not do much with it from there. Want to see if it can hold here but it may come back to test the 190ish level.
AAPL 04/15 Test 20 198.76 +8.90 119.69 132.77 40M 25M 189.78
Current.
ADTN 10/13 Asc Tri 25.56 -0.13 25.78 29.95 776K 1M 23.98
Current. Moved laterally along the October highs as resistance here as it consolidates with fading below average volume. Looking to come back to support at the low 25s from the 10 day EMA and its July and September highs there in this quick test.
ANV 09/12 Flag 10.06 -0.68 9.45 11.61 410K 475K 10.11
Current. Thought about closing it as it thumped lower to the 10 dollar mark. Decided not to though as it was over support from September highs. Will see if it can work laterally over the 10 level and then manage a bounce.
APA 10/13 Test BO 104.14 +0.23 99.71 109.95 2.8M 4M 97.31
Current. Lateral move with the doji after a decent bounce from the intraday low. A pause similar to the Friday doji, so will see if it can continue up from here. Support is just over 100 if it starts to test, but not really looking like it will at this point.
APA 09/29 Pennant 104.14 +0.23 92.37 105.95 2.8M 4M 97.31
Current.
APOL 09/24 Flag 75.52 +1.61 72.46 81.95 1.9M 3.4M 71.98
Current. Deep intraday reach lower for APOL back to 72.4 before pulling a great rebound to close with modest gains. Rising below average volume for APOL and at this rate it looks great to keep the move going from here.
ASIA 10/01 Asc Bse 23.27 -0.32 20.74 23.85 1M 900K 21.97
Current. Still volatile with wide intraday swings up and down. Just working things out after the huge jump last Wednesday and holding up here so far so we will give it more time to hammer out support.
AUXL 10/12 ABCD Up 32.92 -1.07 34.68 39.95 485K 700K 32.87
Current. A bit volatile here with the intraday move clear down to the 32 mark before recovering back over the 50 day EMA (32.57). Still a larger step lower, but holding some support and bouncing so giving it more time. Now just want to see it continue bouncing.
AVB 10/07 ABCD Up 72.25 -2.03 72.81 81.95 1.1M 2.4M 71.77
Current. Sold a bit Tuesday on fading below average volume to the 18 day EMA at the close. Looking to hold around here with the fading trade as AVB finishes its test and tries to set up for the next move higher.
BCSI 09/14 Pennant 25.55 -0.05 19.05 24.88 877K 825K 23.91
Current. Very solid run in October but could start to come back off this doji sporting a tall wick higher. Will see if it begins to test here. Support is at the 24 mark.
BEE 10/08 Pennant 2.49 -0.15 2.43 3.88 2.9M 3M 2.22
Current. Sold a good bit through Tuesday to its 10 day EMA at 2.5 as support. It looks good getting a quick pullback early this week and with the low volume BEE looks great to get back on its feet for the move higher.
BEN 06/25 Test 50 114.07 +2.04 71.80 79.95 2M 3.4M 106.88
Current. Solid action here again. Good volume to back another step higher Tuesday. Unrelenting here and will see how far it can carry as it is not showing signs of slowing yet.
BGC 10/19 Asc Tri 39.53 -0.74 40.72 48.95 429K 1.2M 37.92
Buy Not Hit. Step lower on falling, below average volume Tuesday, but a nice little bounce off the 18 day EMA (38.96) with the low. Just letting it play around a bit at the 40 dollar mark where there is some resistance from prior peaks, but will be ready to move in if it shows it can move strongly past.
BGG 10/15 ABCD Up 22.52 +2.24 20.57 23.95 1.2M 500K 19.64
Buy Not Hit. Step lower on falling, below average volume Tuesday, but a nice little bounce off the 18 day EMA (38.96) with the low. Just letting it play around a bit at the 40 dollar mark where there is some resistance from prior peaks, but will be ready to move in if it shows it can move strongly past.
BIDU 10/19 ABCD Up 408.72 -2.30 408.68 464.94 1.9M 2M 391.31
Entered today. Short test intraday to the 10 day EMA (405.17) but bounced a bit there. Went ahead and picked it up as we like the way it is setting up here. Now want to see it bounce.
BLKB 09/30 Flag 23.39 -0.37 23.55 27.95 303K 345K 21.97
Buy Not Issued. Trade picked up to average as BLKB stepped lower to the 18 day EMA (23.44) at the close. Holding the support we want it to in this gentle test back from the 24 mark. Want it to start rebounding from here.
BLKB 08/19 Flag 23.39 -0.37 19.60 22.94 303K 240K 21.98
Current.
CAST 09/18 Cup hdl 8.31 -0.05 7.32 8.38 262K 300K 7.78
Current. Tested widely higher and lower intraday before closing flat with the doji. Letting it play around a bit here after the good Monday bounce higher as it is at a good level over the 8 dollar mark. Showing it wants to make a move, but now has to make it stick.
CELG 09/05 ABCD Up 55.71 -0.85 52.91 59.88 2.9M 4.8M 53.92
Current. Worked laterally Friday and Monday with back to back doji, and now a step lower. Textbook move lower but holding nicely at the 56 level with the late September highs. Would be great if it could manage a lateral move here before starting back up.
CGA 10/16 ABCD Up 13.47 -0.03 12.98 16.65 1.1M 850K 12.07
Current. Gap higher but gave it up at the close. Still, solid bounce off the low at the 13 mark and is holding up right where it needs to. Still looks like it could test back here, but looking at the 13 mark and the rising 10 day EMA (12.79) to come into play there.
CHINA 09/12 Pennant 2.48 -0.04 2.78 3.85 842K 2M 2.48
Current. Short step lower for CHINA as it sold from the 50 day SMA at 2.56 for a quiet session of losses. Just taking it easy here consolidating some more on rising below average volume and with trade rising CHINA looks to try another move higher off of support here soon in this consolidation range.
CLF 09/28 ABCD Up 38.14 -0.56 31.12 39.95 4.2M 5.2M 35.87
Current. Gapped to the 40 dollar mark and then knifed lower before bouncing at the 10 day EMA (37.06). Volatile day but is holding up where we want it to so will leave it. Could still pull back some, but looking around 37.50ish still for support.
CME 10/10 ABCD Up 318.04 -0.57 296.21 338.88 945K 1.2M 305.11
Side step with the doji after two days of moving higher. Could carry right on up after this move, but more likely it will test some. Looking first to support from the September peak (313.00 opening).
CME 09/26 Flag 318.04 -0.57 300.77 338.88 945K 1.2M 305.00
Current.
COP 10/02 Pennant 52.90 -0.18 46.72 55.95 10M 17M 50.68
Current. Looked decent intraday but quickly moved back to test the 52 mark where it bounced. Solid Monday move so letting it test a bit here with the lighter trade. Has shown it can hold support at 52 and now look for it to keep that up.
CRI 09/15 Asc Tri 28.58 -0.34 26.51 30.98 695K 900K 27.44
Current. Looked decent intraday but quickly moved back to test the 52 mark where it bounced. Solid Monday move so letting it test a bit here with the lighter trade. Has shown it can hold support at 52 and now look for it to keep that up.
CTXS 09/22 Test BO 41.61 -0.73 36.77 42.95 2.1M 3.2M 39.89
CTXS made a move lower to the 10 day EMA Tuesday on rising below average volume as support at 41.6. Like the nice, easy pullback to the 10 day now as it sets up for its next push higher.
DLTR 09/08 Test BO 48.91 -0.47 49.73 56.95 923K 1.5M 48.38
Current. Reversed the Monday gains with this short step lower to the 49 mark. Nice bounce over that level with the previous session and testing some here. Would like to see it hold right here and turn back up to keep trading in this somewhat of a pennant pattern between 48-50 that has formed in October.
DO 09/26 ABCD Up 105.69 -1.01 93.23 106.95 1.9M 2.4M 101.89
Current. Intraday test to the 10 day EMA (102.90) but a bounce to close just slightly negative. Not giving up the 105 mark and showing there are still buyers at this level. Will see if that can push DO higher or if it still tries to pause after the strong October gains.
DWSN 10/15 Asc Bse 28.79 -0.33 29.10 34.95 52K 155K 27.06
Current. Working laterally here as DWSN closed just a bit lower. Right in the range from the September high and prior October highs around 29 but not able to move past. Bouncing at light support though and looks ready to move here so we give it the chance.
EDU 10/05 Pennant 73.50 -7.80 81.14 93.48 2.2M 495K 77.47
Exited. Missed on revenues and thus the big gap lower. Time to pull the plug.
ESRX 08/06 Test 50 81.32 -0.96 67.39 74.95 2.1M 3.5M 79.11
Current. Short move lower with average trade, but still nicely bouncing off the intraday low. Showing there is support at 80 and looks ready to keep testing back to there. Has bounced there lightly twice already but will see if ESRX settles a bit more at that level.
EWBC 10/02 Pennant 8.72 -0.30 9.73 11.81 1.1M 2.2M 9.05
Exited. Pulled the plug as it sold hard through key support from the 50 day EMA at 8.4 that it needed to hold in this pullback through late October.
FFIV 09/30 FlyPlat 42.13 -0.82 40.51 44.95 1.1M 2M 41.88
Current. Stepped lower with falling below average volume. At the 42 mark and 10 day EMA right there as well. Light support is holding and will see if it can work laterally here before starting back up.
FLIR 09/28 ABCD Up 28.95 -0.35 28.50 33.88 2.3M 3M 27.78
Current. Average volume as FLIR took a short step lower. Recovered a good ways off the intraday low however and still looking good. Will give it a chance to test some after this nice run over the past few weeks and will see if it holds somewhere over 28ish.
FLOW 09/12 Flag 2.78 +0.05 2.60 3.65 103K 335K 2.65
Current. Intraday move to the 18 day EMA (2.68) but bounced to post decent gains. Looks back on track to move over the 2.80 mark again after spending one day at that level last week. Heading in the right direction here so will let it run.
GD 09/17 Flag 67.63 -1.07 64.68 74.95 2.6M 2.8M 66.36
Light step lower after the gentle climb so far this month. Could bounce back up here but a continued pullback would not be bad. If that were the case then we would look for it to hold 65 and then bounce with renewed strength.
GIS 08/07 Test BO 66.34 +0.02 58.59 67.42 2.3M 4M 64.44
Current. Moved laterally with this doji over the 66 mark. Paused here Monday as well and doing good as it did not turn lower off that move. Nice horizontal action over 64 to start the month, and will now see if that was enough of a rest for GIS to keep pressing higher.
GLD 10/02 ABCD Up 103.42 -0.81 98.89 105.45 18M 14M 101.88
Current. Gold was basically flat, but GLD ticked just a bit lower. Holding the 10 day EMA (102.95) easily though and looks good. Solid bounce Monday and will see if it can start working to that tune again Wednesday.
GME 10/10 Cup hdl 25.65 -2.51 27.34 31.95 13M 6M 27.11
Exited. Disappointing video game sales so had to scratch this one as it started to knife lower.
ICE 09/16 Flat 105.95 -0.08 97.35 114.94 1.3M 2.2M 102.91
Current. Working laterally for the second day after the big jump Friday. Throwing a bit of a gravestone doji and not the best action, but holding up as it needs to. Will see if it can hang onto the 105 level or if it starts to backfill some.
ILMN 09/24 Flag 42.23 -1.51 40.75 48.45 2M 2.5M 41.88
Current. Turned down off the Monday doji here but we left it on as it held over the 18 day EMA (42.17) and 42 dollar mark. Still in the uptrend so will see if it can bounce off this support. Do not want to see much more testing from here though.
JAZZ 09/22 Flag 8.16 -0.62 10.27 12.24 766K 2.8M 8.97
Current. Tried for three sessions to make the move over 9 but unable to make it stick. Now a bump lower to get back to the 8 dollar mark and 50 day SMA (8.09). Holding the line but were wanting to see better out of JAZZ. Will give it more time to start rebounding again from here.
LRCX 10/17 Flag 37.00 +0.18 36.82 42.89 3M 4M 35.18
Current. Nice step laterally along the 10 day EMA at 36.3. Rising trade looks good too and if it can keep up the good work we're in.
LTD 08/14 Flag 19.07 -0.36 14.56 17.55 4.3M 5.8M 19.98
Current. Sold a little through Tuesday on rising below average volume. Nearing its rising 10 day now at 18.7 that looks to hit it as resistance in this quick step lower before LTD is back on its way higher.
MANT 10/06 Test 20 47.02 -0.51 48.42 55.77 185K 325K 46.69
Buy Not Hit. Short step lower for MANT to the key 200 day SMA as support along with these October lows at 47. Looks good holding the line here but it can't be slipping any lower or we will have it throw it out.
MOT 10/15 Dbl btm 8.32 -0.15 8.36 9.49 28M 35M 7.77
Buy Not Issued. On below average volume as trade dropped for MOT after the high levels from Monday with this step lower through Tuesday. Looking good here on the lower volume test to the 18 day EMA at the close and once it gets back on the move higher we will pick it up.
MPET 10/14 ABCD Up 1.61 +0.01 1.52 2.11 739K 387K 1.44
Current. Deep reach lower intraday Tuesday for MPET back to the 10 day EMA at 1.4 before rebounding to close flat at the Monday high. Nice intraday test and looking for MPET to get back on its way higher now after testing and holding at the key September highs here at 1.6.
NFLX 09/28 Flag 48.96 -0.84 46.48 54.95 1.1M 1.5M 47.88
Current. NFLX posted modest losses Tuesday on rising now average volume. Looking to test lower to 48.0 at its 10 day EMA and the late September high. Needs to hit the brakes as it nears support there to stay out of trouble.
NTGR 09/12 Flag 18.07 -0.06 19.32 23.58 338K 375K 17.97
Current. Rising above average volume for NTGR Tuesday as it moved laterally along the 50 day SMA at 18.0. Looking good at support here as it sets up for the next move higher out of this steady pullback from last week's high for October.
NTGR 07/28 Test BO 18.07 -0.06 17.05 19.95 338K 350K 17.84
Current.
NVTL 10/07 Test 50 11.83 -0.19 12.30 14.98 717K 900K 11.44
Current. Moved laterally along the 10 day EMA as support on rising below average volume. Doing well just holding its ground at support here from the test through last week and looking for NVTL to get back on track in the move higher soon.
PAAS 10/17 Test BO 23.51 -0.54 24.51 29.77 2M 2.4M 23.61
Buy Not Hit. Sold a good bit through Tuesday on rising now above average volume as it broke the 18 day EMA (24.0) on the way down. Reached for the 50 day EMA (22.5) at the intraday low and looking to come back towards that mark at 23ish with its late September highs as support in this test now. Needs to hold it there or we give it the axe.
PAET 09/17 Asc Tri 4.18 -0.03 3.20 4.21 616K 700K 3.98
Current. PAET posted a quiet move lower Tuesday on below average volume. Things are lightening up in this pullback from last week's high for October and PAET looks great to get back on its feet for the move higher soon.
PALM 10/08 Pennant 15.71 +0.02 17.08 20.88 5.5M 14M 15.88
Current. PALM moved laterally along its key 50 day EMA (15.4) as support Tuesday on fading below average trade. Good to see the test finishing up now as it sets up to get its next move higher going here.
PFCB 09/26 Flag 33.63 -1.87 33.76 40.95 1.1M 650K 33.38
Current. PFCB sold hard Tuesday on rising above average volume and broke the 50 day EMA (33.7) as support on its way. Key for it to hold here now at its 50 day SMA (33.3) and the key highs from April at 33.3.
PMCS 09/18 Flag 9.54 -0.17 9.59 11.91 4.1M 5.2M 9.47
Current. Started higher up to 9.8 and fell back to close with a short step lower Tuesday. Rising now average volume as it sits at 9.5 as support from mid October's lows and PMCS is in no trouble here with its July/August highs and the 50 day EMA all at 9.3 as key support as well.
QSII 09/29 Flag 62.99 -1.57 62.14 71.95 298K 400K 61.88
Current. Modest downsides for QSII to close at the 18 day EMA as support Tuesday here at 62.9. Average volume looks good as it holds its ground now and looks good for a rebound off of this mark soon.
RDY 10/02 Flag 20.06 -0.29 19.36 22.95 253K 545K 19.65
Current. RDY moved laterally along the 18 day EMA as support at 20.0 Tuesday on rising below average trade. Nice setup for the move higher out of the pullback through last week and RDY is looking good to get back on its way uphill soon.
RIG 10/13 Flag 91.33 -1.37 90.30 99.94 4.1M 6M 87.77
Current. Sold off of the Monday high to tap the 10 day EMA intraday at 90.0 before bouncing a bit to cut some of the losses at the close. Still in decent shape as it starts to test again into this week and looks to make it to that 90 dollar mark at the 10 day before it starts back on its way higher again.
RS 08/27 Pennant 43.19 -0.56 37.55 44.75 869K 1.4M 41.98
Current. Sold hard early on to 42.0 and rebound nicely intraday from that mark to hold support from the 10 day EMA at the close. On fading below average volume here as the test finishes up and RS sets up for its next move higher out of this pullback.
RTEC 10/17 Asc Tri 7.52 -0.20 7.87 9.97 77K 150K 7.32
Buy Not Issued. Sold a bit through Tuesday to the support from its 50 day EMA now at 7.5ish. Looking good on the fading below average volume as the test winds down at key support with RTEC in great shape to resume higher again soon.
RTI 10/14 Pennant 23.28 -0.51 25.36 29.95 640K 875K 23.77
Current. RTI posted a quiet move lower through Tuesday back to these October lows at 23.2. Like the fading below average volume and RTI just needs to hold up near this mark to stay out of trouble and set up for its next push higher.
SCHN 10/17 Asc Tri 52.30 -0.69 54.62 62.94 650K 800K 50.84
Buy Not Hit. SCHN pushed lower Tuesday on above average volume as it sold hard early on to its October lows at 50.9 and bounced to cut some of the losses at close. Looking to come back a bit more to those levels in the low 50s with this rising above average volume and it needs to hold there to stay on our good side.
SD 10/13 DB hdl 13.84 +0.16 13.76 18.95 3.8M 5.9M 12.82
Current. SD moved laterally along the 10 day EMA (13.4) as support with fading below average trade Tuesday. Like the DB hdl base and as SD just catches its breath here it looks good to make its way higher again soon off support from the 10 day.
SLAB 10/10 ABCD Up 44.56 -0.25 46.88 52.95 388K 1M 44.28
Current. SLAB moved laterally along the 50 day EMA (44.5) as support for a third straight session now. It has fading low volume and looks great to hold here some more after the quick pullback through late last week. Nice setup for the move higher.
SLXP 08/01 Flag 20.93 -0.34 12.37 14.94 757K 435K 21.97
Trailing Stop. Sold off of the 18 day EMA on fading below average volume and dropped the axe on it as it hit the stop loss on the way down.
SOHU 09/21 Test BO 70.41 +0.42 69.31 79.95 731K 1.1M 67.31
Current. Doji step higher for SOHU to its September highs on lower trade here. Key level for SOHU and it looks to come back a bit now as trade backs off after the Monday explosion higher unless the market catches a second wind and pulls it up through resistance here.
SPN 09/26 ABCD Up 25.30 -0.48 21.98 25.36 640K 1M 23.96
Current. Sold back to the 10 day EMA early on at 24 along with its June highs before bouncing off of support there to close with a short step lower Tuesday. It has fading below average volume and it looks good to make a nice, steady test back to that level now.
STE 08/29 Asc Tri 32.23 -0.53 28.67 33.91 480K 625K 31.88
Current. Short step lower for STE to the 10 day EMA at 32.0 on rising above average volume. It looks good here holding support with decent trade as it consolidates along the October highs as it sets up for the next move higher.
SVA 10/12 Test BO 7.64 -0.45 8.01 11.95 2.2M 5M 7.28
Current. Sold a bit Tuesday to the 50 day SMA on rising below average volume as support here at 7.6. It is holding the late September lows as well here and with the low trade it looks good to hold up here at support until it gets the bounce back on stronger trade from this pullback.
SWI 10/10 ABCD Up 20.70 -2.11 22.85 26.95 1.9M 700K 21.82
Current. Earnings gave volume a boost Tuesday as trade surged higher to well above average levels while SWI sold through the key 50 day EMA at 21.0. Need to see it hit the brakes as it nears support from early October low and late September low at 20.4.
SY 08/26 Test 50 41.68 +0.01 35.15 40.45 1.2M 2M 40.55
Current. SY stepped laterally along the October highs after some quiet upsides into this week back to its high from last week. Needs to press higher through this resistance now with this rising average volume.
THC 08/24 Flag 6.24 +0.08 4.73 5.95 9.5M 12M 5.68
Current. Short step higher for THC on average volume for some light gains. Basically managed some positive sleep walking on the session for a positive close, but we can't complain as it continues to try and press higher here.
THS 10/14 Pennant 35.34 -0.48 35.73 41.45 205K 480K 34.22
Current. THS sold Tuesday to its 50 day EMA as support at 35.1. It has rising below average volume and this is where it needs to hold and get back on its feet for the move higher. Should not be a problem as it has steadily walked higher through October along this key moving average.
TIBX 08/20 Pennant 9.77 -0.13 9.40 11.94 3.2M 3.2M 9.48
Current. TIBX sold hard early Tuesday back to its 50 day SMA at 9.0 and bounced to hold the 18 day EMA at the close here at 9.7. It looks good finishing up the test at modest support from the 18 day and its mid August highs so TIBX is set up nicely for its next push higher here.
TIE 09/21 Cup hdl 10.43 -0.06 10.27 12.39 2.3M 4M 10.04
Current. TIE moved laterally along the 10 day EMA (10.25) here as resistance from the September highs (10.5) holds this October move higher at bay. The lack of trade doesn't help either so TIE needs to step it up with higher volume and press through.
TRLG 10/19 Flag 27.60 +0.36 27.47 31.65 397K 700K 26.22
Entered today. Jumped in on TRLG as it gave a modest move higher on rising now average volume. Doing a great job getting back on the move uphill out of the pullback through mid October and at this rate it looks great to keep up the good work.
TRLG 09/05 Asc Tri 27.60 +0.36 22.57 26.94 397K 700K 25.58
Current.
TSRA 10/19 Flag 30.45 +0.23 30.48 35.94 993K 1.2M 28.92
Buy Not Issued. TSRA moved laterally through Tuesday on just above average volume as it holds at support from the 10 day EMA (30.0) and the early August highs at 30.0 as well. Looking good here at support and if it can bounce and managed to hold the gains into the close we will pick it up.
TYC 07/10 Test 50 35.54 -0.37 26.75 31.95 1.6M 5.5M 34.11
Current. TYC moved lower Tuesday on fading low volume. At support from its 10 day EMA here at 35.1 as it gets a quick pullback in before it resumes higher.
UPS 10/08 Test 50 57.73 +0.11 57.15 64.95 3.3M 4.5M 55.38
Current. UPS moved laterally along these October highs at 57.7 after a nice, intraday tap at the 10 day EMA back at 53.3. Trying to get through the resistance from its May high at 58.0 and the mid September gap up level here as well. Will see if it can do it now on this rising volume.
UTSI 10/05 Cup hdl 2.15 -0.03 2.19 3.48 439K 950K 1.87
Buy Not Issued. UTSI moved laterally along the 10 day EMA (2.1) as support Tuesday. It has rising below average volume as it just holds the line here and we will keep our eyes open for UTSI to make its move with this rising trade now to give us the buy.
VMC 10/17 ABCD Up 53.70 +0.51 52.78 60.95 1.1M 1.6M 50.54
Current. Nice move higher for VMC on just below average volume Tuesday. It tapped the 18 day EMA intraday at 48.1 before it made its way higher into the close and it looks great to keep the move going at this rate.
ZEUS 10/15 Asc Tri 30.99 +0.54 30.78 39.88 231K 250K 28.77
Entered today. Jumped in on ZEUS as it reached back to the 10 day EMA at 30.0 intraday and rebounded to close positive. Great move higher for Tuesday and ZEUS looks good to keep the move going from here now.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AIPC 09/26 BearFla 28.47 -0.13 27.60 24.04 345K 500K 28.39
Current. Short step lower for AIPC on rising now average volume as it starts to turn lower into this week. Like the rising trade and AIPC looks great to keep the move going lower from here.
CAB 09/23 BearFla 14.04 +0.04 13.21 11.38 906K 1M 13.96
Current. Doji step laterally along the 50 day EMA (14.0) on fading below average volume. Starting lower here off of resistance from the mid September low before it gapped lower at 14.2 so can't complain.
DIOD 10/05 BearFla 18.50 -0.01 18.32 15.22 243K 400K 19.22
Buy Not Hit. DIOD moved laterally along the 90 day SMA (18.5) as key resistance here after a the bounce from Monday to this level. DIOD is just getting a quick breather here from the selling and it looks great for the buy once it resumes lower.
DIOD 09/18 Put 18.50 -0.01 19.56 17.02 243K 375K 17.66
Current.
DST 10/10 BearFla 44.11 +0.12 43.88 40.38 322K 600K 44.75
Buy Not Issued. DST moved laterally along resistance from the 50 day EMA (44.2) and the September lows at 44.0 Tuesday. It looks great holding its ground here setting up to really start lower soon and once it does we can enter.
GS 10/17 Put 184.96 -0.54 183.63 175.05 7.4M 15M 188.11
Current. GS continues to hold its ground here at resistance from the 18 day EMA (185.1) for its third straight session. Looks good to turn lower from here soon as trade is lower with GS catching its breath at resistance.
IWM 09/30 Rollove 61.33 -0.86 61.48 57.55 44M 48M 62.82
Current. Nice move lower Tuesday for IWM on rising now average volume as it broke the 10 day EMA (61.4) on the way down. Resistance from the September highs shot it down last week and IWM looks great to start back on its way downhill now.
MPWR 10/08 BearFla 22.18 +0.02 21.21 18.52 413K 450K 22.38
Buy Not Issued. Friday MPWR moved laterally along resistance from its 18 day EMA (22.2) Tuesday on rising above average volume. It has been doing a great job of holding the line here at its 18 day for five straight sessions now and once it turns lower we will make our move.
NTES 10/14 BearFla 38.90 -0.46 39.77 35.04 921K 3M 41.66
NTES sold off of resistance from the 10 day EMA at 40.0 with the August lows for some decent losses Tuesday. It looks pretty good now resuming lower even with the low trade as it sets up for its next push downhill.
STLD 10/17 ABCD Dw 15.24 -0.08 15.16 13.11 13M 8.5M 16.24
Current. STLD started higher up to resistance from its 50 day EMA and 90 day SMA all at 16.0 before it fell back over to close with a short step lower Tuesday. Like the rising above average volume and intraday turnaround and now it is set up very nicely to head even lower from here.
End part 2 of 3
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