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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 204.92 +6.16 138.55 149.91 43M 23M 196.88
Current. Impressive strength as it took the gap and continued higher with volume. Gave a bit back at the close, but holding the gap up and looks ready to run further so will give it that chance.
AAPL 04/15 Test 20 204.92 +6.16 119.69 132.77 43M 25M 196.88
Current.
ADTN 10/13 Asc Tri 24.93 -0.63 25.78 29.95 919K 1M 23.98
Current. Working lower here to get back to support at the 18 day EMA (24.84) and the September highs here as well. There is support at 24, but a solid layer is here and want to see ADTN take a bounce Thursday.
ANV 09/12 Flag 10.06 0.00 9.45 11.61 688K 475K 10.11
Current. Holding the support at 10, but just a lateral move after a big intraday surge that rolled back to flat. Holding the level of support it needs to and trying to bounce, so we will stand back and see if it can do just that.
APA 10/13 Test BO 101.46 -2.68 99.71 109.95 4.4M 4M 98.11
Current. Short gap lower off the Tuesday doji, surged higher, and then thumped back to close lower. At support from the 10 day EMA (100.83) and early October peak (101.31). Would like it to hold this range and then start back up.
APA 09/29 Pennant 101.46 -2.68 92.37 105.95 4.4M 4M 98.11
Current.
APOL 09/24 Flag 75.39 -0.13 72.46 81.95 1.9M 3.4M 71.98
Current. Not making much headway after giving up the nice intraday levels, but holding nicely over the 75 mark. Key level to hold and doing it for now so will give it a chance to make a move here.
ASIA 10/01 Asc Bse 22.98 -0.29 20.74 23.85 1.3M 900K 21.97
Current. Still trying to work things out after the big move higher a week ago. Gap up and then slid back all day to the 23 level. Forming a layer of support to hold here and will see if it can continue to do so until the rising 10 day EMA (22.37) can give it a bump.
AUXL 10/12 ABCD Up 32.49 -0.43 34.68 39.95 330K 700K 32.87
Exited. Could not get the rebound off the 50 day EMA (32.57) but still closing there after giving up a nice surge higher so gave it the axe.
AVB 10/07 ABCD Up 70.96 -1.29 72.81 81.95 991K 2.4M 71.77
Exited. Adding to the Tuesday move lower so we pulled the plug. Could not hold the 18 day EMA (72.32) and getting a bit lower than we wanted. There is support at 70 though so we will give it a bit of time off to set up again.
BCSI 09/14 Pennant 25.62 +0.07 19.05 24.88 764K 825K 23.91
Current. Hanging in here as it works laterally Wednesday. Another close lower from the intraday high after similar action Tuesday. Keeping the move in check overall so will let it test some if it tries to.
BEE 10/08 Pennant 2.23 -0.26 2.43 3.88 4.9M 3M 2.22
Current. Quick move lower for the second day heading down here. At the support level around 2.25 with some prior lows so will see if it can make a stand here. If it cannot turn things around it may be time to check out early.
BEN 06/25 Test 50 112.05 -2.02 71.80 79.95 1.6M 3.4M 106.88
Current. Not bad here even though it did take a short step lower. Just a gently move lower and after such a solid run that is ok. Now it either starts to go for a pullback or can resume this unrelenting run higher.
BGC 10/19 Asc Tri 39.09 -0.44 40.72 48.95 588K 1.2M 37.92
Buy Not Hit. Holding support at the 18 day EMA (38.97) with this short move lower. Not able to make the headway over the 40 dollar mark stick so will wait it out a bit. If it can start moving to that level and hold then we can look at a buy
BIDU 10/19 ABCD Up 405.92 -2.80 408.68 464.94 1.4M 2M 391.31
Current. Lateral step with lighter trade to hold nicely over the 400 dollar mark. Good level of support around here with the September highs and lows from a few days back right there. In good shape here and letting it run.
BLKB 09/30 Flag 23.16 -0.23 23.55 27.95 203K 345K 21.97
Buy Not Issued. Not ready to move in here as it eased below the 18 day EMA (23.41). Had wanted to see it hold the moving average with the test back from the 24 mark but now looks ready to slip a bit lower. Will look for it to hold the early October lows now (22.70, opening).
BLKB 08/19 Flag 23.16 -0.23 19.60 22.94 203K 240K 21.98
Current.
CAST 09/18 Cup hdl 8.05 -0.26 7.32 8.38 220K 300K 7.78
Current. Moved up to the 9 mark intraday but slid back a bit to hold the support at 8. Not bouncing there and looks like it could test more off of this. Still, has held this support nicely as of late and will see if it can manage a bounce off of here.
CELG 09/05 ABCD Up 54.58 -1.13 52.91 59.88 4.3M 4.8M 53.92
Current. Predictable move, but still not crazy about it. Is holding the key support at the 54 mark now and bouncing a bit there so will now see if it can make a stand and start back up to keep the play in shape.
CGA 10/16 ABCD Up 13.12 -0.35 12.98 16.65 794K 850K 12.07
Current. Sliding lower her but not a bad bounce off the low to close over the 13 dollar mark. Very similar action late last week to set up a bounce higher and will see if CGA can bounce Thursday.
CHINA 09/12 Pennant 2.69 +0.21 2.78 3.85 2.9M 2M 2.48
Current. Solid jump here with volume to get things back on track. Nice consolidation over the 2.50 mark so far this month and now starting to move. Some resistance levels around 2.75, but strength behind this action and will see if it can add anything Thursday.
CLF 09/28 ABCD Up 38.63 +0.49 31.12 39.95 5.1M 5.2M 35.87
Current. Moved a bit higher but not able to hang onto the better intraday levels. Still looking good here as it holds the support we wanted it to at the 37.50ish level. Now watch for it to ride up the support from the 10 day EMA (37.35).
CME 10/10 ABCD Up 317.44 -0.60 296.21 338.88 987K 1.2M 308.77
Working laterally here as it shows a gravestone doji to follow the Tuesday doji. Looks very ready to test lower and will see if it can hold first at the September peak (313.00 opening) for support.
CME 09/26 Flag 317.44 -0.60 300.77 338.88 987K 1.2M 308.77
Current.
COP 10/02 Pennant 52.97 +0.07 46.72 55.95 13M 17M 50.68
Current. Lateral move after a bounce intraday off the 52 dollar mark. Not the strongest action but holding a good level at the 52 mark and will see if it can keep bouncing higher from here as oil has started to crack over a decent level.
CRI 09/15 Asc Tri 28.31 -0.27 26.51 30.98 810K 900K 27.44
Current. Not moving much here but settling over the 10 day EMA (28.19). Holding a level we like to see and not ready to give up any ground so will give it more time to play out here.
CTXS 09/22 Test BO 41.36 -0.25 36.77 42.95 3.6M 3.2M 39.89
Testing still but keeping things in check as it closed just barely negative with this doji. Letting it make this move lower and will see if it can hold the 18 day EMA (40.70) as support.
DLTR 09/08 Test BO 47.27 -1.64 49.73 56.95 1.1M 1.5M 48.38
Current. Ugh. Not great as it sold down to support at the 47ish level. Thought about dumping it but will see if it tests the selling up to the support level around 49ish first.
DO 09/26 ABCD Up 105.88 +0.19 93.23 106.95 2.1M 2.4M 101.89
Current. Moving laterally here with a slight recovery off the low. Came back from the high but nothing new there. Nice uptrend overall and will see if it can continue higher Thursday.
DWSN 10/15 Asc Bse 28.69 -0.10 29.10 34.95 57K 155K 27.06
Current. Lateral move with the doji over the 10 day EMA (28.40). Nice tight trading range here over the 28 mark and holding strong in there. Will see if it can keep working laterally here.
ESRX 08/06 Test 50 80.62 -0.70 67.39 74.95 1.9M 3.5M 79.11
Current. Moving softly lower here and testing a bit at the 80 dollar mark with the September highs. At the level we want to hold and will see if it can begin working laterally from here.
EV 10/20 Asc Tri 29.46 -0.55 30.65 34.95 978K 1.2M 28.48
Buy Not Hit. Stepping back some from the 30 mark here. We need to see where this test off the top of the pattern gets and then set our buy point above the high on the day it tries to bottom. If it breaks through that and holds it on the close then it is a buy.
FFIV 09/30 FlyPlat 41.53 -0.60 40.51 44.95 2.7M 2M 41.88
Current. Short move lower to hold a little ways over the 18 day EMA (41.23) at the close. A little pullback down from the 44 level and setting up a nice little ABCD pattern. Want to see if rest here and start running higher again.
FLIR 09/28 ABCD Up 29.77 +0.82 28.50 33.88 3M 3M 28.38
Current. Solid, moved up when not many could. Intraday test lower to the 29 mark but bounced to move FLIR decently higher at the close. Nice action off the Tuesday test and with good volume to boot. Will now see if it can keep flying higher.
FLOW 09/12 Flag 2.76 -0.02 2.60 3.65 157K 335K 2.65
Current. Working laterally with the doji after coming back from the intraday move higher. Had looked set to move over the 2.80 mark but just wasn't the day to do that here. Still positioned to take out this next layer of resistance so will give it more time.
GD 09/17 Flag 66.70 -0.93 64.68 74.95 1.7M 2.8M 66.36
Second day lower and now closing at the support from the 10 day EMA (66.76). Still a healthy move lower and letting it play. There is support at 65, but will see if it can manage a bounce at the 18 day EMA (65.89) first.
GIS 08/07 Test BO 65.43 -0.91 58.59 67.42 2.3M 4M 64.44
Current. A bit soggy here as it slipped lower to the 10 day EMA (65.33). Looked like it could begin to test after the back to back doji before this and now will see how far it tests. There is support just over the 64 mark where GIS consolidated early in the month.
GLD 10/02 ABCD Up 103.75 +0.33 98.89 105.45 16M 14M 101.88
Current. Working laterally and bunching up against that prior high. If it tests back say to the 18 day EMA (102.03) it has an ABCD pattern and that would be screaming a new buy. Remember, looking for GLD to make a major run after this breakout. It is consolidating some and an ABCD pattern would set up the next run.
ICE 09/16 Flat 106.43 +0.48 97.35 114.94 1.3M 2.2M 102.91
Current. A bit of slowing momentum as it works laterally over the 105 mark. Still, hard to get worried about this move as it holds its ground after the huge bump on Friday. Just letting it play for now.
ILMN 09/24 Flag 41.77 -0.46 40.75 48.45 2.3M 2.5M 41.88
Current. Not too crazy about this and needs to recover quickly. Slipped lower for the second day down from the Monday doji, and now closing below the key 42 dollar mark. Has to hold its ground and start bouncing to keep us in the play.
JAZZ 09/22 Flag 7.99 -0.17 10.27 12.24 625K 2.8M 8.97
Current. Stepped lower again and now back to square one as it sits at the 8 dollar mark. At the prior October lows and over the 50 day EMA (7.76). Has to hold the line here and then start back up towards 9 again.
LRCX 10/17 Flag 35.85 -1.15 36.82 42.89 4M 4M 35.18
Current. Moved lower here to support at the 18 day EMA (35.72). Nice little ABCD pattern is setting up here so want it to hold its ground and then we can watch for it to start running again.
LTD 08/14 Flag 18.79 -0.28 14.56 17.55 7.1M 5.8M 19.98
Current. Small move lower with above average volume. Holding the 10 day EMA (18.70) as it continued to test and still looks good. Turned higher from this level a few days back and will see if it can do the same Thursday.
MANT 10/06 Test 20 46.57 -0.45 48.42 55.77 257K 325K 46.69
Buy Not Hit. Short gap lower with a doji below the 200 day SMA (46.83) to fall out of the nice lateral move that had been riding it for support. Holding over the pre gap level from July that is just under 46, but still need to see something better here. Want a bounce up off this doji to get us looking at a buy.
MOT 10/15 Dbl btm 8.20 -0.12 8.36 9.49 29M 35M 7.77
Buy Not Issued. Dropping this one as it falls away from the resistance level at the 8.50 mark. Will give it some time off and see if it sets back up.
MPET 10/14 ABCD Up 1.49 -0.12 1.52 2.11 476K 387K 1.44
Current. Very volatile still after the intraday climb fell back to the support at the 10 day EMA (1.47) and 1.50 mark. Big reach down Tuesday and a bounce, but could not do anything with that here. Still holding a decent level so will see if it can start to reverse a bit here.
NFLX 09/28 Flag 47.85 -1.11 46.48 54.95 978K 1.5M 47.88
Trailing Stop. Hit our stop as it sank lower again to fall below the 48 mark. Not looking so hot for the upside now.
NTGR 09/12 Flag 17.56 -0.51 19.32 23.58 360K 375K 17.97
Exited. Not able to hold the line at the 50 day EMA (17.74) so we cut ties with this one.
NTGR 07/28 Test BO 17.56 -0.51 17.05 19.95 360K 350K 17.84
Trailing Stop.
NVTL 10/07 Test 50 11.87 +0.04 12.30 14.98 802K 900K 11.44
Current. Not bad at all as it worked laterally with the doji at the 18 day EMA (11.73). Letting it pause here as it levels out a bit, and will give it more time to start back up again.
PAAS 10/17 Test BO 23.31 -0.20 24.26 29.77 2.1M 2.4M 22.56
Buy Not Hit. Moved the buy point after this short move lower to the doji. Holding over the late September high at 23 for support and will see what it can do from here. Want it to move past Wednesday's intraday high (24.25) before we move in.
PAET 09/17 Asc Tri 4.11 -0.07 3.20 4.21 1M 700K 3.98
Current. Easing lower here and a slight bounce off the 18 day EMA (4.05). Not bad action with the deeper pullback from the 4.50 mark and now at a serious level of support with the August '08 gap level (3.95 opening) here as well. Want it to make a stand here.
PALM 10/08 Pennant 15.48 -0.23 17.08 20.88 5.6M 14M 15.88
Current. Slight step lower but really just settling into the support at the 50 day EMA (15.48). Tested back all the way from the 17 mark and now at a level that should hold. Want to see the bounce from here.
PFCB 09/26 Flag 30.28 -3.35 33.76 40.95 4.5M 650K 33.38
Exited. Gapped through support so closed this gapper out. Need to step back from this one for a while.
PMCS 09/18 Flag 9.29 -0.25 9.59 11.91 3.6M 5.2M 9.47
Current. Really would have liked to see it hold around 9.50ish but if it can keep holding the 50 day EMA (9.28) that is ok and we will leave it. At the August/September/October up trendline as well so will see if it can start riding that up.
QSII 09/29 Flag 61.09 -1.90 62.14 71.95 424K 400K 61.88
Current. Gap lower, filled up, and then turned tail and headed lower again. In trouble here and if it cannot recover we will close it out. Needs to show us something.
RDY 10/02 Flag 19.50 -0.56 19.36 22.95 384K 545K 19.65
Current. Gap down and then sank a bit further into the close. Not crazy about this action but will give it a bit more time if it can hold in this general area. If it starts to pick up momentum to the downside, watch out.
RIG 10/13 Flag 91.58 +0.25 90.30 99.94 4.8M 6M 87.77
Current. Stepping laterally with average trade to keep working over the 90 mark. Gave up the intraday gains like many stocks but still in decent shape here. Will see if it can get things back on track Thursday as it is still in good position here.
RS 10/20 Flag 43.67 +0.48 44.22 49.95 1.4M 1.4M 41.91
Entered today. Opened at the 18 day EMA (42.68) and then surged with volume so we moved in. Could not hold the best part of the move but still closing higher. Very solid position still and like the play.
RS 08/27 Pennant 43.67 +0.48 37.55 44.75 1.4M 1.4M 41.98
Current. Opened lower and then surged with volume. Good enough to add some more positions despite giving up the better intraday move higher. Looks good to run.
RTEC 10/17 Asc Tri 7.14 -0.38 7.87 9.97 78K 150K 7.32
Buy Not Issued. Big move lower to close beneath the 50 day EMA (7.36) so we are dropping it for now.
RTI 10/14 Pennant 22.60 -0.68 25.36 29.95 891K 875K 23.77
Current. Gapped lower and closed there for a doji, but left it as support is intact with the 50 day EMA (22.11) and June peaks (22.48). Want it to keep up this support and start to rebound higher from here.
SCHN 10/17 Asc Tri 51.66 -0.64 54.62 62.94 604K 800K 50.84
Buy Not Hit. Gap lower and closed there for a doji after rolling back from the high. Over the earlier October lows (51.23) though so will give it more time to play around. Would like to see it turn up off this doji and keep moving to give us an entry.
SD 10/13 DB hdl 13.70 -0.14 13.76 18.95 4.7M 5.9M 12.82
Current. Intraday move up to 14 but faded back to close a bit lower at the 10 day EMA (13.51). Still solidly in the uptrend and looks good despite the short move lower. There is strong support at 13, but SD looks good as it sits at this level.
SLAB 10/10 ABCD Up 43.50 -1.06 46.88 52.95 835K 1M 44.28
Current. Broke below the 50 day EMA (44.47) and an important point here. Over the prior October low (43.13) and want it to hold the line here. If it continues lower we will look at closing it out.
SOHU 09/21 Test BO 69.26 -1.15 69.31 79.95 463K 1.1M 67.31
Current. Started the week with a bang, and still pausing here for the second day. Small move lower and now looks like it will backfill some. There is some support at the early October high (68.39, opening) and we will see if it holds there. Still looking good.
SPN 09/26 ABCD Up 24.98 -0.32 21.98 25.36 803K 1M 23.96
Current. Testing lower again for the second day heading down. Strong October run and nothing wrong with a healthy test. Support is at 24 and we want SPN to work for a bounce at that level.
STE 08/29 Asc Tri 31.16 -1.07 28.67 33.91 562K 625K 31.88
Current. Second day heading lower out of the nice lateral move along the 32 dollar mark. Needs to hold here after breaking below the 18 day EMA (31.43) and now settling over the September high (30.67). If it keeps heading lower we cut it loose.
SVA 10/12 Test BO 7.30 -0.34 8.01 11.95 2.6M 5M 7.28
Current. Not crazy about this second move lower down from the horizontal action at 8. Strong support is at 7, but would prefer to see if it can hold right here near the 50 day EMA (7.38).
SWI 10/10 ABCD Up 19.51 -1.19 22.85 26.95 1.7M 700K 21.82
Exited. Volatile new issue but that is not enough to justify hanging around here as it kept moving below the 50 day EMA (20.86).
SY 08/26 Test 50 41.25 -0.43 35.15 40.45 1.9M 2M 40.55
Current. Soft step back off the Tuesday doji as trade picked up a bit. Still looking good as it chops around just under the 42 mark but may be setting up the really test some now. 10 day EMA (40.91) is right underneath and will see how SY reacts there with the possible move lower.
THC 08/24 Flag 6.13 -0.11 4.73 5.95 8.5M 12M 5.68
Current. Crept a bit lower to follow the Tuesday doji. Nice bounce up Monday to get over the 6.00 mark, but may be wanting a test of that now. A bounce at 6 with the top of the September/October trading and THC could really be set to run hard.
THS 10/14 Pennant 35.24 -0.10 35.73 41.45 346K 480K 34.22
Current. Looked good intraday but gave it back to close with a doji over the 50 day EMA (35.10). Lateral move here and holding up nicely at this support level so we will give it more time as long as it stays in shape here.
TIE 09/21 Cup hdl 10.06 -0.37 10.27 12.39 3.5M 4M 10.04
Current. Heading lower still to close at the 18 day EMA (10.06) for support. Not too concerned about this one as it is at a solid level at the 10 dollar mark as well. Now we get to see if it can bounce here as it did earlier in the month or if it will keep slipping lower. If it starts down strongly though, it is at that point where you should be careful. We will see though.
TRLG 10/19 Flag 27.69 +0.09 27.47 31.65 458K 700K 26.22
Current. Holding up solidly with the doji after giving up the intraday levels higher. Will let it pause here after two days of bouncing up off the 18 day EMA (26.85). Not the best day for gains so will see if it can fare any better Thursday as it is still solidly positioned.
TRLG 09/05 Asc Tri 27.69 +0.09 22.57 26.94 458K 700K 25.58
Current.
TSRA 10/19 Flag 29.98 -0.47 30.48 35.94 957K 1.2M 28.92
Buy Not Issued. Slightly lower at the finish here as it closed right at the 10 day EMA (30.02). Strong support at the 30 mark so will see if it can turn back up from here to give us an entry. If not, it could hold the 18 day EMA (29.43), setting up an ABCD pattern to play.
TYC 07/10 Test 50 35.36 -0.18 26.75 31.95 4.2M 5.5M 34.11
Current. Holding its ground with the side step over the 10 day EMA (35.23). Still liking the action here as it works gently upward and holding over the September high (34.87). Will give it a chance to try something off this doji.
UPS 10/08 Test 50 57.10 -0.63 57.15 64.95 4.5M 4.5M 55.38
Current. Stepped lower but not a surprise move off the Tuesday doji. Good reversal off the low at the 18 day EMA (56.79) and looks good to keep bouncing along for now. Will watch it as it tries for another move over the September gap level(57.84, opening) but looking ok heading into Thursday.
UTSI 10/05 Cup hdl 2.17 +0.02 2.19 3.48 710K 950K 1.87
Buy Not Issued. Liking the action here with the short move higher off the 10 day EMA (2.15). Trading is really tightening up here under the 2.20 mark so we are waiting for the play to come to us. Primed to jump higher but waiting for it to head over the 2.20 mark and hold before we move in.
VLO 10/20 Rev HS 20.14 +0.03 20.49 23.84 21M 13M 19.06
Entered today. Surged on the oil data so we moved in here. Gave much of it back at the close, but it looks ready to move as it holds its ground here. Will see if it can make something stick Thursday.
VMC 10/17 ABCD Up 52.31 -1.39 52.78 60.95 985K 1.6M 50.54
Current. Liked the bounces higher Monday and Tuesday but gave that up here. Still very much in the October uptrend, but we wanting a bit more gain to get through the 54 level. Will give it a bit more time here and see if it can head a little lower and take a bounce off the 50 day EMA (51.61).
ZEUS 10/15 Asc Tri 31.15 +0.16 30.78 39.88 231K 250K 28.77
Current. Surged but gave it all back to close laterally on the day. Could test back some from here but good layer of support exists around the 30 dollar mark from the September (29.59, opening) and early October highs (29.70). In good position and will see what it can do with this action on Thursday.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AIPC 09/26 BearFla 28.18 -0.29 27.60 24.04 188K 500K 28.39
Current. Heading lower still after giving up the intraday surge higher to close down. A bit of a support level around 28 with the late September highs (28.34) but AIPC looks ready to tumble. Will see if it can start to break open the downside with another move lower from here.
AMSC 10/20 HdShldr 31.42 -0.26 31.48 28.06 701K 1M 33.05
Buy Not Issued. Cool. Short move lower and gave up the 50 day EMA (31.68) as it rolled back off the intraday high. Going to hold off as it could still recover from here, but if it fails at this level then we are ready to move in.
CAB 09/23 BearFla 13.50 -0.54 13.21 11.38 879K 1M 13.96
Current. This is what we like to see. Paused at the 50 day EMA (13.94) for a few days but gave it up nicely here. Not bouncing off the low and now we see if it can keep selling from here to get the downside going again.
DIOD 10/05 BearFla 18.57 +0.07 18.32 15.22 414K 400K 19.22
Buy Not Hit. Working laterally with this doji but not able to make the move to the 50 day EMA (19.00). Still, just similar action across the board so that is not telling us too much. Will give it a little more time to work closer to the 18 dollar mark where support is.
DIOD 09/18 Put 18.57 +0.07 19.56 17.02 414K 375K 17.66
Current. Gave up the intraday move higher to resistance at the 50 day EMA (19.00), but not much of an indicator considering the day. Will see if it can break lower from here and watch how it tests the support level at the 18 dollar mark.
DST 10/10 BearFla 44.26 +0.15 43.88 40.38 518K 600K 44.75
Buy Not Issued. Intraday surge to the prior October high (45.09) and then fell back to close at the 50 day EMA (44.29). Not moving in here as it will not make the move lower. Still, set up to move back so will see if it can fail at this resistance to get us looking at a buy.
GS 10/17 Put 179.26 -5.70 183.63 175.05 12M 15M 185.22
Current. Stronger move back off of a three day lateral move. Entire financial sector was hit with the WFC downgrade so that is what we are seeing here. Now watch to see if it can stop the bleeding, or if it heads further down to the next support at the 50 day EMA (176.54) and October low (176.45, opening).
IWM 09/30 Rollove 60.50 -0.83 61.48 57.55 63M 48M 62.82
Current. Stepped lower with above average volume to fall below the 18 day EMA (60.93). Has failed at the prior peaks around 62, and now we see if it can start to sell after this double top.
MPWR 10/08 BearFla 21.48 -0.70 21.21 18.52 676K 450K 22.38
Buy Not Issued. Heading nicely lower off the lateral move around the 22 mark. Not much of a bounce off the low, but going to wait it out before we buy. If it can add to this on Thursday and hold it, then we look at buying it.
NTES 10/14 BearFla 38.03 -0.87 39.77 35.04 1.3M 3M 41.66
Short gap lower and closed there with a doji after moving back from the intraday high. Still would like to see it bounce here a bit at this support up to around 40 and fail there to give us a better entry.
ROST 10/20 Put 45.39 -0.49 45.58 41.75 1.6M 2M 46.77
Entered today. Moved in here Wednesday as it rolled back from the high to give up the 50 day EMA (45.91) at the close. Looking weak here as it shows it will fail at resistance. Now we sit back and let it work for us.
SMTC 10/21 BearFla 16.30 -0.53 16.54 15.18 977K 600K 17.21
Entered today. Bonus. Headed lower off the 18 day EMA (16.93) with volume to give us an entry. Like the bear flag pattern and failing at fairly light resistance. Watching it some at the 16 mark with the prior October bounce, but looks set to run lower.
STLD 10/17 ABCD Dw 15.40 +0.16 15.16 13.11 8.9M 8.5M 16.24
Current. Short move higher but did come back from the intraday levels at the 50 day EMA (15.96). Looking weak still, but not giving up the 15 dollar mark yet. Want to see that level broken, but STLD is nicely positioned for now so giving it more time.
End part 2 of 3
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