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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 205.20 +0.28 138.55 149.91 28M 23M 196.88
Current. Tested higher and lower intraday before settling for a lateral move with a doji. Nice gap to 200 on Tuesday and got things moving higher still Wednesday. Now will see if it can run off this doji.
AAPL 04/15 Test 20 205.20 +0.28 119.69 132.77 28M 25M 196.88
Current.
ADTN 10/13 Asc Tri 25.02 +0.09 25.78 29.95 606K 1M 23.98
Current. Reversed nicely off the low to close laterally with a doji. Nice level of support at the 25 dollar mark and holding up there as it needs to. Still see if it can start back up from this low volume test back.
ANV 09/12 Flag 9.94 -0.12 9.45 11.61 359K 475K 10.11
Current. Moved slightly lower Thursday and forming something of an ABCD pattern here if it holds at or above the 50 day EMA (9.57). That could give us a new entry point as it tests and holds the September trading range. Now just giving it more time.
APA 10/13 Test BO 102.08 +0.62 99.71 109.95 3.7M 4M 98.11
Current. Theme of the day with this move. Reached lower to bounce at support from the 18 day EMA (98.92) and then recover. Nice uptrend and showing there are still buyers ready to get in. Will let keep bouncing Friday.
APA 09/29 Pennant 102.08 +0.62 92.37 105.95 3.7M 4M 98.11
Current.
APOL 09/24 Flag 74.81 -0.58 72.46 81.95 3.6M 3.4M 71.98
Current. Moved widely higher and lower intraday before closing just a bit negative. Not able to hang onto the 75 dollar mark like we had wanted, but still in the uptrend. Will see if it can carry a bit higher from here Friday.
ASIA 10/01 Asc Bse 22.80 -0.18 20.74 23.85 972K 900K 21.97
Current. Closed just a bit lower, but a nice reach lower and recovery off the 22 mark. Holding the bottom of this new range after the big jump up from last week so leaving it. Would like to see it turn a bit higher from here but looking good moving into Friday.
BCSI 09/14 Pennant 25.32 -0.30 19.05 24.88 743K 825K 23.91
Current. We were waiting for this move lower after the back to back gravestone doji on Tuesday and Wednesday. Keeping things in check though with a nice bounce off the 10 day EMA (24.77) and looks like it will make a controlled test lower. Want to see if it can keep holding up at this moving average.
BEE 10/08 Pennant 2.25 +0.02 2.43 3.88 2.4M 3M 2.22
Current. Reversed off the low and held at the bottom of the October range. Two days heading strongly lower but now holding so we see if it can start back up from here.
BEN 06/25 Test 50 112.24 +0.19 71.80 79.95 1.7M 3.4M 106.88
Current. Reach lower to the 10 day EMA (109.77) but bounced to flat. Looks like it could rest a bit here and that is ok but will see if it can manage to hold up at this light support from the moving average.
BGC 10/19 Asc Tri 39.60 +0.51 40.72 48.95 1M 1.2M 37.92
Buy Not Hit. Still waiting this one out. Moved a bit higher after an intraday move down and bouncing at support. Still not getting the move past the 40 dollar mark though so will give it some more time. If it can keep bouncing from here to crack through that level then we look at an entry.
BIDU 10/19 ABCD Up 415.60 +9.68 408.68 464.94 1.3M 2M 401.88
Current. Solid move higher off the 18 day EMA (402.50) and the September highs at this level. Moving past the C point of the pattern here and not looking ready to slow down. Just letting it play.
BLKB 09/30 Flag 23.48 +0.32 23.55 27.95 150K 345K 21.97
Buy Not Issued. Nice test lower intraday to the October low (22.70) that bounced to close BLKB back over the 18 day EMA (23.42). Holding nice levels of support and setting up how we want. Good level to enter and will see if we can get a buy from a continued move higher.
BLKB 08/19 Flag 23.48 +0.32 19.60 22.94 150K 240K 22.54
Current.
CAST 09/18 Cup hdl 8.21 +0.16 7.32 8.38 177K 300K 7.78
Current. Decent gains after reaching lower and reversing solidly into the close. Good level at the 8 dollar mark is still intact as CAST pauses here nicely. Could see things start heading higher again so will give it more time to keep bouncing.
CELG 09/05 ABCD Up 55.91 +1.33 52.91 59.88 8M 4.8M 53.92
Current. Beat earnings and thus the volatility. Closing off the high and no big rush, but the results were favorably received. Now see if it can continue the move after getting back to the 56 dollar mark and September highs.
CGA 10/16 ABCD Up 13.19 +0.07 12.98 16.65 674K 850K 12.07
Current. Working laterally after the rebound off the intraday low and holding the good 13 dollar mark. Has bounced at a good level and now will give it the chance to keep heading higher.
CHINA 09/12 Pennant 2.62 -0.07 2.78 3.85 1.2M 2M 2.48
Current. Moved lower but not a bad day with the solid bounce off the 2.50 mark and 50 day EMA (2.51). Strong bounce Wednesday and testing that here so we will see if it can resume the gains Friday.
CLF 09/28 ABCD Up 38.63 0.00 31.12 39.95 4M 5.2M 35.87
Current. Struggled some but recovered to flat at the close. Like the 37.50ish level that is still intact as support here and letting it play more as it is in good shape here.
CME 10/10 ABCD Up 317.52 +0.08 296.21 338.88 493K 1.2M 308.77
Not swinging widely in either direction as was the case with most stocks Thursday. Holding with the lateral move at the September peak (313.00 opening) and has paused here for the fourth day now. Letting it rest after the run up from the ABCD pattern and will see if it can continue running from this level.
CME 09/26 Flag 317.52 +0.08 300.77 338.88 493K 1.2M 308.77
Current.
COP 10/02 Pennant 52.93 -0.04 46.72 55.95 11M 17M 50.68
Current. Not bad at all with the reach lower to the 52 mark and 10 day EMA that bounced back to flat at the finish. Letting it continue working out horizontally at this level and will see if it can gather some strength to start back higher again.
CRI 09/15 Asc Tri 29.13 +0.82 26.51 30.98 495K 900K 27.44
Current. Pumping higher here to close over the July peak (28.74). Just bumping a bit higher and lower over the past two weeks but a nice jump here. Volume was a bit lighter, but will see if that can pick up some as CRI holds the new high here.
CTXS 09/22 Test BO 39.76 -1.60 36.77 42.95 10M 3.2M 39.89
Trailing Stop. Gapped lower and hit our trailing stop so it was time to move out of this one. Sharp bounce off the low at 38, but not liking this action anymore.
DLTR 09/08 Test BO 47.96 +0.69 49.73 56.95 2M 1.5M 48.38
Current. Bounced as we thought it might after thumping lower Wednesday. Moving higher on strong volume to close at the 50 day EMA (48.11) with other levels there around 48 as well. Want to see this continue up to the 49 mark to get the move really back on track.
DO 09/26 ABCD Up 107.01 +1.13 93.23 106.95 2.1M 2.4M 101.89
Current. Reported solid earnings and just a short move higher. Already a good move into the numbers so not a huge reaction, but liking it a lot as it holds up here. Giving it more time to start something again from this level.
DWSN 10/15 Asc Bse 29.25 +0.56 29.10 34.95 59K 155K 27.06
Current. Short move higher to remain in the October trading between the 28-29 dollar mark. Letting it continue the lateral move here and will see if it can do something to spark it higher again.
ESRX 08/06 Test 50 81.48 +0.86 67.39 74.95 2.1M 3.5M 79.11
Current. Like this action as it starts back up off the 80 dollar mark following the gentle test lower to there. Decent volume with the move and holding up well so will let it run further.
EV 10/20 Asc Tri 29.88 +0.42 30.65 34.95 534K 1.2M 28.48
Buy Not Hit. Tested lower from the highs on Wednesday but bouncing higher here off the 18 day EMA (29.29). Good follow up to the Wednesday move and now will see if it can keep bouncing over the 30 mark to get us looking at an entry.
FFIV 10/21 ABCD Up 48.00 +6.47 41.81 44.95 8.6M 2M 41.08
Buy Not Issued. Gapped away from us and then surged with volume so dropping it.
FFIV 09/30 FlyPlat 48.00 +6.47 40.51 44.95 8.6M 2M 44.11
Current. Gapped, tested lower, and then ran with volume to post strong upside. Could have taken some gain but moving very well and we have seen these stocks gap and then run further. Will see what it does from here.
FLIR 09/28 ABCD Up 29.16 -0.61 28.50 33.88 2.8M 3M 28.38
Current. Gap, selloff, then sharp recovery off the 28 mark to close with a doji. Holding up where it needs to and bouncing so leaving it to see if it can start back up from here.
FLOW 09/12 Flag 2.65 -0.11 2.60 3.65 179K 335K 2.65
Current. Short gap to the 2.80 mark and then bumped lower to bounce a bit off 2.60. Not really the action we want to see as FLOW keeps stalling out around the 2.80 mark. Will let it hold here and try to start another run back up.
GD 09/17 Flag 67.75 +1.05 64.68 74.95 1.9M 2.8M 66.36
Two days lower and now a bounce off the 10 day EMA (66.94) to post just a bit of gain. Not the strongest move higher but showing it may not be ready to test just yet. Will see how it reacts Friday to see if it can add anything to this move.
GIS 08/07 Test BO 65.55 +0.12 58.59 67.42 1.7M 4M 64.44
Current. Lateral move with the doji after a nice reversal from the low. Ok to test here some and so far it is doing a nice job of it. If it continues down we want to see it hold around 64.50-65.0 with the early October lateral action there.
GLD 10/02 ABCD Up 103.92 +0.17 98.89 105.45 12M 14M 101.88
Current. Working laterally still as it holds over the light support from the 10 day EMA (103.24). Still could test a bit, but waiting for the bigger run up that we believe is just around the corner.
ICE 09/16 Flat 106.56 +0.13 97.35 114.94 756K 2.2M 102.91
Current. Intraday move higher but fell back to close with a doji for the fifth day closing at this level. Had to get upset with this action as it rests following the solid jump up from last week. Letting it rest here a bit and see if it can start rising again.
ILMN 09/24 Flag 41.73 -0.04 40.75 48.45 1.9M 2.5M 41.88
Current. Lateral move here so we hung onto it. Intraday test down but bounced and looks like it may have bottomed a bit. Now will see if it can recover back up over the 42 mark to get the play in shape again.
JAZZ 09/22 Flag 7.81 -0.18 10.27 12.24 534K 2.8M 8.97
Current. Softly stepping lower with the doji over the 50 day EMA (7.76). Holding the line at the moving average and also with the prior October lows so will give it more time. Want it to start bouncing from here and get back to the 9 dollar mark again.
LRCX 10/17 Flag 37.10 +1.25 36.82 42.89 5.2M 4M 35.18
Current. Nice flat set up down from the 38 mark over the past two weeks and now bouncing nicely at the 36 mark. Solid move higher with volume and starting up strongly after the test.
LTD 08/14 Flag 19.42 +0.63 14.56 17.55 4.6M 5.8M 19.98
Current. Not much of a test lower before it raced higher with other retailers. Back at the prior October highs now and will see what it can do here as it has gotten a new wind to take it higher.
MANT 10/06 Test 20 47.34 +0.77 48.42 55.77 160K 325K 46.69
Buy Not Hit. Looks like a shakeout and recovery as it slipped below the 200 day SMA (46.79) Wednesday and is now starting back up. Looks ripe now and will see if it can keep running over the 48 dollar mark to give us an entry.
MPET 10/14 ABCD Up 1.60 +0.11 1.52 2.11 255K 387K 1.44
Current. Strong gains here to reverse the big move down Wednesday. Still watching it though as it closed right at the 1.60 resistance and the move was on low volume. Will see if trade can pick up with the upside Friday. If it tests back, it should hold 1.50ish.
NVTL 10/07 Test 50 11.54 -0.33 12.30 14.98 720K 900K 11.44
Current. Slipping a bit lower here but bounced a bit at the 50 day EMA (11.21) to close a good ways off the low. Not a huge bounce but still showing it can hold up here where we want it to. Will see what it can do from here Friday.
ORN 10/21 Test BO 22.92 +0.09 22.93 26.95 184K 550K 21.38
Entered today. Two days heading lower before this, and now a very nice test down that recovered to give us an entry. Strong bounce off the low and looks ready to run. Will see where it can go from here.
PAAS 10/17 Test BO 23.10 -0.21 24.26 29.77 1.3M 2.4M 22.56
Buy Not Hit. Closed a bit lower here, but bouncing decently off the 50 day EMA (22.62) like it needs to. Holding some support levels at the 23 mark at the close and will look for it to make a stand here. Has tested enough and now want to see it starting back up.
PAET 09/17 Asc Tri 4.19 +0.08 3.20 4.21 791K 700K 3.98
Current. Intraday move to the key 4 dollar mark but a bounce to send PAET a bit higher. Nice little flag pattern has set up here and now looks like it has found the support to move off of. Just looking for it to continue higher Friday.
PALM 10/08 Pennant 15.83 +0.35 17.08 20.88 4.7M 14M 15.88
Current. Cool. Starting up off the support at the 50 day EMA (15.49) like it needs to. Has made a test back to here all the way from the 17 mark and is just starting back up. A bit of resistance may come into play at 16, but a nice hold and PALM looks good to move on through there Friday.
PMCS 09/18 Flag 9.24 -0.05 9.59 11.91 5.9M 5.2M 9.47
Current. Nice bounce off the low to close just slightly negative. Still right at the 50 day EMA (9.27) and August/September/October up trendline so will see if it can start reversing higher Friday. A decent bounce off the low here, so will see if that is enough to get PMCS started.
PNK 10/21 Cup hdl 11.73 +0.11 11.77 13.95 1.3M 625K 10.95
Buy Not Issued. Short gains here but not much going on after the big jump Wednesday. Still a solid move, but want to see it keep surging before we move in here.
QSII 09/29 Flag 62.20 +1.11 62.14 71.95 416K 400K 61.88
Current. Volatile mover here as it moved to the 50 day SMA (58.66) intraday before reversing back up to close for a bit of gain. Making a test and bounce after giving up the 64 mark a few days back, and now will see if it can continue climbing to that level again.
QTWW 10/21 ABCD Up 1.21 +0.09 1.19 1.60 3.4M 4M 1.09
Entered today. Nice hold and a move higher out of the D point of the pattern to give us an entry. May be a little pause at the 1.20 mark, but it is already pressing past there so it should not be an issue. Looks good to run strongly.
RDY 10/02 Flag 19.70 +0.20 19.36 22.95 237K 545K 19.65
Current. A bit of gain here and not gappy for a change. Starting back higher with this move after a couple of days heading down, and now will give it a chance to keep this action up. Want to see a bit of strength heading into the weekend.
RIG 10/13 Flag 92.75 +1.17 90.30 99.94 3.8M 6M 87.77
Current. A bit of gain here after an intraday move to 90 bounced sharply. Not much action higher since early October, but like how it is holding up here and working laterally at this level. Will see if it can do something with this bounce on Friday.
RS 10/20 Flag 42.24 -1.43 44.22 49.95 2.9M 1.4M 41.91
Current. Gap lower but held up decently at the close after the intraday reach to the 40 mark bounced hard. Volume behind this move and holding some support at the 42 mark for now. Looks good still if it can hold up around the 42 mark.
RS 08/27 Pennant 42.24 -1.43 37.55 44.75 2.9M 1.4M 41.98
Current.
RTI 10/21 ABCD Up 22.23 -0.37 22.32 29.95 587K 925K 21.78
Buy Not Issued. Closed at the 50 day EMA (22.12) after undercutting it intraday. Holding off on the buy, but a good move here. Want it to hold this level as the D point of the pattern and we can move in if it can start up strongly.
RTI 10/14 Pennant 22.23 -0.37 25.36 29.95 587K 875K 23.77
Current. Making the hold like we wanted at the 50 day EMA (22.12) after moving lower intraday. Want it to make a stand here in this newly formed ABCD pattern at the D point and start up again from there.
SCHN 10/17 Asc Tri 51.78 +0.12 54.62 62.94 400K 800K 50.84
Buy Not Hit. Holding where it needs to at the prior October lows with a nice reversal off the intraday move down here. A hold where we want it to and will see if it can start higher from here.
SD 10/13 DB hdl 13.27 -0.43 13.76 18.95 3.1M 5.9M 12.82
Current. A hold at the 18 day EMA (13.29) with this move lower. Bounced a bit off the 13 mark where it did earlier in the month as well and not bad action. Will see if it can bounce up from this level a bit and try for another move past the 14 dollar mark.
SLAB 10/10 ABCD Up 42.80 -0.70 46.88 52.95 1.3M 1M 44.28
Current. Moved down and thought of selling it, but it tapped at the prior lows (43.13) and support just over 42 and started to recover so left it. Can't let it move lower than this, but will see if it can start higher from here.
SOHU 09/21 Test BO 68.74 -0.52 69.31 79.95 496K 1.1M 67.31
Current. Short move back after a nice bounce off the intraday low at the 10 day EMA (67.53). Decent test back from just over the 70 mark and now looks like it can hold here. On the next bounce, however, it needs to blast through the October peak (70.41). That is very important on this move.
SPN 09/26 ABCD Up 25.18 +0.20 21.98 25.36 705K 1M 23.96
Current. Intraday move lower but a decent recovery to close a bit positive. Looks like it could still slip a bit lower but will let it if it does as long as it hold the support at 24. If it can bounce at the 10 day EMA (24.60) though we will let it.
STE 08/29 Asc Tri 32.08 +0.92 28.67 33.91 482K 625K 31.88
Current. Gave up the 32 mark with the downside on Wednesday, but promptly recovered back over it Thursday. Like the bounce off the 31 support and keeping us in the play. Now we see if it can make this move stick.
SVA 10/12 Test BO 7.48 +0.18 8.01 11.95 2.9M 5M 7.28
Current. Moved a bit higher to close over the 50 day EMA (7.38), but closed well off the intraday high. It is holding the level we want it to, but if it starts heading south after selling off from this high, watch out. Will see if it can correct this with some decent gain Friday.
SY 08/26 Test 50 41.32 +0.07 35.15 40.45 3.1M 2M 40.55
Current. Testing higher and lower intraday before settling with the side step to a doji. Still bouncing around a bit under the 42 dollar mark so letting it play. A big run up early in the month and could have tested, but has not made the move back so will see if it can just keep working laterally here.
THC 08/24 Flag 6.08 -0.05 4.73 5.95 9M 12M 5.68
Current. Moved just a bit lower here to close at the key 6 dollar mark with the September and early October highs. 10 day EMA is also here to provide a bit of support with this test. Now want to see it start to run as it is positioned to do out of this nice little set up.
THS 10/14 Pennant 35.33 +0.09 35.73 41.45 216K 480K 34.22
Current. Intraday move down but recovered to close over the 50 day EMA (35.11). Not the strongest action over the past few days but leaving it on as this level is intact. Want to see a jump from here up past the 36 mark that is some resistance right now.
TIE 09/21 Cup hdl 9.94 -0.12 10.27 12.39 3.7M 4M 10.04
Current. Slid lower early on but bounced strongly at the 50 day EMA (9.53) to close with a doji. Third day of testing here and now quite a bounce. Want to see this carry over into Friday.
TRLG 10/19 Flag 28.33 +0.64 27.47 31.65 303K 700K 26.22
Current. A bit higher here to move over the prior October high at the 28 mark. Not coming back from the intraday high and looks solid. Will see if it can continue from here.
TRLG 09/05 Asc Tri 28.33 +0.64 22.57 26.94 303K 700K 26.22
Current.
TSRA 10/19 Flag 29.65 -0.33 30.48 35.94 1.3M 1.2M 28.92
Buy Not Issued. Intraday reach lower to the 50 day EMA (27.94) and a bounce to close it flat. Still somewhat of an ABCD pattern set up here so will see if it can hold this level and we can look at a buy when it starts stepping higher again.
TYC 07/10 Test 50 35.49 +0.13 26.75 31.95 4.8M 5.5M 34.11
Current. Moving laterally after a short move lower that reversed. Not much happening at this level but not giving up any ground, so will give it a chance to do something Friday with this rising, now above average volume.
UPS 10/08 Test 50 57.10 0.00 57.15 64.95 5.5M 4.5M 55.38
Current. Intraday test of the 50 day EMA (55.81) and a rebound to close UPS flat. A little testing here down from the 58 dollar mark, but what a bounce here. Will see if UPS can make something of this bounce Friday.
UTSI 10/05 Cup hdl 2.15 -0.02 2.19 3.48 421K 950K 1.87
Buy Not Issued. Short move lower with a doji on light volume. Has been bouncing around under the 2.20 mark and trading is tightening up nicely. Working horizontally here and will see if it can start to bounce higher from here to give us an entry.
VLO 10/20 Rev HS 20.12 -0.02 20.49 23.84 11M 13M 19.06
Current. A pause with the lateral doji after bouncing some the previous two days. Over a good level at the 20 dollar mark and holding up easily. Positioned to run, but just has to do so.
VMC 10/17 ABCD Up 52.47 +0.16 52.78 60.95 1M 1.6M 50.54
Current. Moving laterally with the doji after a bounce off the low at the 50 day EMA (51.65). Holding the short October trendline and looks ready to turn back up off this doji. Will give it a chance to do just that on Friday.
ZEUS 10/15 Asc Tri 30.32 -0.83 30.78 39.88 245K 250K 28.77
Current. Stepping lower here to follow the Wednesday surge and fade back. Holding good support at the 30 dollar mark with the 10 day EMA (30.19) there as well. Will see if it can level out a bit and then start to work higher again.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AIPC 09/26 BearFla 28.56 +0.38 27.60 24.04 142K 500K 28.39
Current. A bounce off the low to post a bit of gain here, but on low volume. Not wanting to see a move higher, but closing under the light resistance from the 18 day EMA (28.63) so we are leaving it. Looking weak after stalling out under the 200 day SMA (29.26) and falling back, so not getting too worked up over one day higher and will see if it can fall again Friday.
AMSC 10/20 HdShldr 31.67 +0.25 31.48 28.06 546K 1M 33.05
Buy Not Issued. Typical move with the rebound off the low so not moving in. Held a key level intraday at 30 with the August and September lows, but closing at the 50 day EMA (31.68) so leaving it. Will see if it can stall at this resistance after this low volume move up to it to get us looking at an entry.
CAB 09/23 BearFla 14.35 +0.85 13.21 11.38 928K 1M 13.96
Current. Another retailer that moved up Thursday. Bounced from ugly here and not liking this action. If it holds this move we close it out.
DIOD 10/05 BearFla 18.64 +0.07 18.32 15.22 178K 400K 19.22
Buy Not Hit. Story of the day with the bounce off the low, but not able to do much with that as it closed flat. Holding under resistance still from the 18 day EMA (18.81) so giving it more time to start back down here.
DIOD 09/18 Put 18.64 +0.07 19.56 17.02 178K 375K 17.66
Current. Working laterally with the doji after bouncing off the 18 support with the intraday low. Light volume move and not able to make any headway against the 18 day EMA (18.81) so will see if it can stall out here and then tumble lower again.
DST 10/10 BearFla 44.31 +0.05 43.88 40.38 521K 600K 44.75
Buy Not Issued. Not moving in as it worked laterally here to hold at the 50 day EMA (44.29). Still good resistance to fail at though so will wait it out and see if it can make the break lower. If it does break down, DST is at a great level to scoop it up.
GS 10/17 Put 183.69 +4.43 183.63 175.05 11M 15M 185.22
Current. Bounced after the nice move lower Wednesday. At resistance with the 18 day EMA (184.45) and not moving past, but this is the point it needs to fail. If it continues higher form here we will get rid of it.
IWM 09/30 Rollove 61.34 +0.84 61.48 57.55 58M 48M 62.82
Current. Waived at the 50 day EMA (59.23) and bounced. Headed nicely lower for two days but killed that with this move. If it does not stall here we close it out.
MCHP 10/06 HdShldr 25.83 +0.13 25.61 23.48 2.7M 3.5M 26.65
Buy Not Issued. Moved a bit higher here, but not much and on lighter trade. A recovery off the low and MCHP could move a bit higher from here, but if it presses feebly higher and fails at the 26 mark we have ourselves a very nice entry.
MPWR 10/08 BearFla 22.00 +0.52 21.21 18.52 723K 450K 22.38
Buy Not Issued. Held 21 and bounced with volume. Looks like it can keep heading up, and will have to see if it stalls at or below the 50 day EMA (22.46) for the downside.
NTES 10/14 BearFla 37.55 -0.48 39.77 35.04 2.2M 3M 41.66
Reversed off some support to hold at the June peaks (38.22). Not the strongest action, and very much in the downtrend so we see if it can continue lower from here.
ROST 10/20 Put 46.56 +1.17 45.58 41.75 1.6M 2M 46.77
Current. Bounced on the WMT news and kept trying to fail but rallied late to close over the 50 day EMA (45.93). At the lows from late September (46.89, opening) and this is where it needs to fail.
SMTC 10/21 BearFla 16.29 -0.01 16.54 15.18 756K 600K 17.21
Current. Tested lower and bounced off some support at the 16 mark. Don't want much of a bounce like we saw from this level earlier in the month as it carried clear over 17. If the liquidity is coming in need to close it.
STLD 10/17 ABCD Dw 15.43 +0.03 15.16 13.11 7.4M 8.5M 16.24
Current. Reversed off the low at some support around the 15 mark. Still looking ripe to fall but not giving anything up Thursday. Under the 10 day EMA (15.47) and will see if it can fade back Friday after being unable to move past the moving average here.
End part 2 of 3
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