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us stock market, trend trading stock
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 202.48 -1.46 138.55 149.91 17M 23M 196.88
Current. Lateral step with this doji, bouncing off the 200 mark at the intraday low. Looking good with the fifth day of trading here and letting it run horizontally until it can work for a bounce off the rising 10 day EMA (198.06).
AAPL 04/15 Test 20 202.48 -1.46 119.69 132.77 17M 25M 196.88
Current.
ANV 10/24 ABCD Up 9.72 -0.30 10.24 11.95 338K 550K 9.52
Buy Not Hit. Came back from the intraday high to close over the 50 day EMA (9.59). Still in the ABCD pattern and at good support to boot so will look for it to pause here and then start back up out of the pattern.
ANV 09/12 Flag 9.72 -0.30 9.45 11.61 338K 475K 10.11
Current.
APA 10/13 Test BO 97.83 -1.56 99.71 109.95 2.9M 4M 98.11
Current. Stronger dollar as APA rolled back from the high to take a step back. Closed below the 18 day EMA (98.85) and not much of a bounce off the low but was on light trade. Will let it make this continued test like many energy stocks but will watch it if it can't do something from this level soon.
APA 09/29 Pennant 97.83 -1.56 92.37 105.95 2.9M 4M 98.11
Current.
APOL 09/24 Flag 73.20 -0.83 72.46 81.95 1.9M 3.4M 71.98
Current. Short step lower after hitting 75 on the high and fading. Looks like it will keep testing a little here but want to see it hold up at 72.50ish and bounce to follow the October uptrend.
ASIA 10/01 Asc Bse 21.79 -0.67 20.74 23.85 970K 900K 21.97
Current. Holding the 38% Fibonacci retracement that is coincident with the 18 day EMA (21.7) as ASIA stepped lower again Monday. Some support at this level and bouncing off the low so letting it make the test. Will look for it to hold up at this support and will see if it can start something from here Tuesday.
BCSI 09/14 Pennant 25.44 +0.24 19.05 24.88 668K 825K 23.91
Current. Short move higher with this doji after testing up and down intraday. Not bad after testing gently lower last week and now is starting up. Will see if it can keep moving higher from here.
BEE 10/08 Pennant 1.87 -0.25 2.43 3.88 4.3M 3M 2.22
Exited. not hold up after the Friday move down and started lower again so we cut it off quickly. This one will take a while to cool off.
BEN 06/25 Test 50 113.02 +0.09 71.80 79.95 2.6M 3.4M 106.88
Current. Faded off the high to close flat Monday with very strong volume. Will watch it here as it is due for a test, but so far not giving up any ground. Want to see it hold over 110ish on Tuesday.
BGC 10/19 Asc Tri 34.44 -4.16 40.72 48.95 4.9M 1.2M 37.92
Buy Not Hit. Dropping this one as it gapped much lower to break up the nice pattern that had been forming.
BIDU 10/19 ABCD Up 432.97 -2.34 408.68 464.94 3.2M 2M 416.88
Current. Higher volume as BIDU closed flat Monday, but got absolutely hammered after hours on earnings that fell short of forecasts. Down at some support at 375 and will have to see if it holds there. Then we wait and see if it bounces. There is support there can hold versus a gap through that level that would likely ensure a test of 350 in a continuation of the gap over the next several weeks.
BLKB 09/30 Flag 22.70 -0.20 23.55 27.95 148K 345K 21.97
Buy Not Issued. Typical move higher that faded back to close just slightly down. At support from the earlier October low (22.70) and at a level to hold now. Will see if BLKB can make a stand here and bounce as it is still shaping up to be a very controlled test lower.
BLKB 08/19 Flag 22.70 -0.20 19.60 22.94 148K 240K 22.54
Current.
BX 10/24 Test BO 15.10 -0.72 15.44 17.88 3.3M 5M 14.89
Buy Not Issued. Moved lower Monday with rising, but below average volume. Just making the further test here and setting up nicely as it holds over 15 with the August and September highs. Great entry point if it starts to bounce and will see if it can do that Tuesday.
CAST 09/18 Cup hdl 7.48 -0.48 7.32 8.38 339K 300K 7.78
Current. A larger step back here but bouncing somewhat at the 50 day EMA (7.27) so we left it. Will see what it can manage from here with the 7.50 mark in mind as some more support to get back above. If it can do that we will let it run and see if it can keep bouncing up over 8 again.
CAT 10/24 Test BO 57.07 -0.53 57.84 63.95 9.8M 12M 56.39
Buy Not Issued. Stepped lower with below average trade Monday to keep heading gently lower. A very nice test here and holding over the 10 day EMA (56.61). Waiting for the bounce here to give us the buy.
CELG 09/05 ABCD Up 52.62 -1.59 52.91 59.88 7M 4.8M 53.92
Trailing Stop. High volume move back below support at the 50 day EMA (53.68) and hit our trailing stop to take us out of the play. Going to let this one cool off a bit and see if it will set back up.
CGA 10/16 ABCD Up 12.41 -0.66 12.98 16.65 626K 850K 12.07
Current. Making a deeper test here to close at the 50 day SMA (12.39). At some pretty solid support as it holds over the 12 dollar mark and will let it rest here to see if it can start back higher.
CHINA 09/12 Pennant 2.47 -0.01 2.78 3.85 586K 2M 2.48
Current. Side step with this doji here right under the 2.59 mark. Not heading any lower at this level so we are giving it a bit more time, but want to see it start bouncing higher from this level to get this move back in shape.
CLF 10/24 Flag 37.20 -0.63 38.12 43.95 4M 5M 35.88
Buy Not Hit. Another one that looked good intraday, but got shoved lower by the strengthening dollar. Over some support at the 18 day EMA (36.43) and holding up nicely so will let it set up some more if it continues testing down to that level. Would like to see a bounce there.
CLF 09/28 ABCD Up 37.20 -0.63 31.12 39.95 4M 5.2M 35.87
Current.
CME 10/10 ABCD Up 321.01 +1.05 296.21 338.88 900K 1.2M 308.77
Shot higher but reversed to a modest gain. Nonetheless we are letting this one run; it was a victim of the market Monday and its recent trend remains in place. Looks good to take out the next level at the 325 mark from the early June lows.
CME 09/26 Flag 321.01 +1.05 300.77 338.88 900K 1.2M 308.77
Current.
COP 10/02 Pennant 50.74 -1.23 46.72 55.95 16M 17M 50.68
Current. Another energy stock that moved lower, but held some support here. At the 18 day EMA (50.68) and the coinciding 38% Fibonacci retracement so letting it test. Good level to hold and want to see it work for a bit of a bounce here.
CRI 09/15 Asc Tri 28.44 -0.02 26.51 30.98 676K 900K 27.44
Current. Short side step with average trade to hold the 10 day EMA (28.39). Still not the strongest move as CRI pauses under 29 and the July peak, but not looking bad either. Will see if it tests to 28ish from here and bounces.
DO 09/26 ABCD Up 105.11 -0.69 93.23 106.95 2.1M 2.4M 101.89
Current. Up early but then came back to close just slightly lower at the 10 day EMA (104.53). Not the strongest action here but holding up nicely compared to others. Letting it pause here and will see if it can resume the move from this level or if it will need a bit of a test.
DWSN 10/15 Asc Bse 27.41 -0.46 29.10 34.95 130K 155K 27.06
Current. Watching this one with the higher volume move back. Still very near the 50 day EMA (27.56) but is toeing the line here. Want to see that DWSN can hold and bounce here.
ELOS 10/22 Pennant 11.24 -0.18 11.48 13.35 127K 385K 10.89
Buy Not Issued. Moved higher and lower intraday before taking this short step lower. Like the bounce off the low at the 11 dollar mark and setting up nicely still. Trade is tightening up so we are now just waiting for it to show it can step higher from this pattern before we buy.
ESRX 08/06 Test 50 78.88 -1.82 67.39 74.95 2.3M 3.5M 79.11
Trailing Stop. Had been testing beautifully along the 80 mark last week but sank below that here to hit our trailing stop and take us out of the play.
EV 10/20 Asc Tri 30.11 -0.12 30.65 34.95 1.2M 1.2M 28.48
Buy Not Issued. Lateral move after coming back from a big intraday surge to close flat. Good support level at the 30 mark still very intact will watch it after this spotty action. Want to see if it can bounce a bit here and make a move stick before we buy.
FEIC 10/22 ABCD Up 24.73 +0.49 24.31 27.45 279K 250K 23.31
Buy Not Issued. Continues to look strong. Moved up with volume when not many did. A test back to the 18 day EMA (24.47) to 50 day EMA (24.30) that holds and bounces is a good buy point.
FFIV 09/30 FlyPlat 47.67 -0.55 40.51 44.95 2M 2M 45.48
Current. Holding this gap up level strongly as it took just a short step lower here. Like the way it is holding over the 47.50 mark and will let it continue if it can keep working laterally here.
FLIR 09/28 ABCD Up 29.16 -0.17 28.50 33.88 1.7M 3M 28.38
Current. Not much going on with this side step on falling below average trade. Like the support at 29 that is holding so leaving it on for now. Will see if it can take a bounce off the nearby 10 day EMA (28.89) and start back up.
FLOW 09/12 Flag 2.58 -0.03 2.60 3.65 202K 335K 2.65
Current. Slipping a bit lower here to close under the 2.60 mark. Will let it make this test as it is at the 50 day EMA (2.54) and bouncing a bit. This is where it needs to hold and we will see if it can get a new run together from here.
GD 09/17 Flag 65.96 -0.64 64.68 74.95 2.5M 2.8M 66.36
Small step back here to close at the 18 day EMA (66.12). Not bad support to hold, but it looks like it could make a deeper test here. If that is the case it is time to decide whether or not to let it. Support at 65 held nicely in the beginning of the month so GD may take a bounce off of there again. We will see.
GIS 08/07 Test BO 65.01 +0.06 58.59 67.42 1.7M 4M 64.44
Current. Like the test here with the doji over support from the 18 day EMA (64.77). Also right at the level from the early October action and holding up just as it needs to. Will see if it can run laterally again here or if it is ready to turn higher off this doji.
GLD 10/02 ABCD Up 101.86 -1.63 98.89 105.45 22M 14M 101.88
Current. Gold under some serious pressure as dollar rallied and GLD took a step lower accordingly. If doesn't bounce from here where there is modest support from the post gap close (102.28) in October we close it and look for next setup.
HCN 10/24 Pennant 45.03 +0.54 44.72 49.95 2.2M 2.8M 43.69
Buy Not Issued. Continued higher without any tests. Will see if it tests back a bit from here to the 44 mark or if it just continues on up. In any event it is looking solid and if it keeps this up it is a buy.
ICE 09/16 Flat 103.25 -1.29 97.35 114.94 689K 2.2M 102.91
Current. Textbook action of the day as ICE moved a bit higher then melted back to support at the 10 day EMA (102.90). Light level so support and holing up just fine so we will see if ICE can get a bit of a bounce here.
ILMN 09/24 Flag 41.02 +0.15 40.75 48.45 1.7M 2.5M 41.88
Current. Big surge and reversal but holding its ground with this doji after testing back all last week. Over the 50 day EMA (40.10) by a decent bit but looks like it may try to hold up here. If it can turn up off this doji, we want to see it climb back over the support level at the 42 mark.
INFY 10/24 Asc Tri 48.24 -0.34 49.26 54.91 1.5M 2.5M 46.77
Entered today. Moved higher and then faded back some to settle at the 18 day EMA (48.07) and give us a buy. Like the action here and will see how far it can run from here.
JAZZ 09/22 Flag 6.89 -0.41 10.27 12.24 776K 2.8M 8.97
Exited. Not liking the tune this one is playing any more so we cut it off. Couldn't recover over the 50 day EMA (7.71) after moving over there Friday but instead slipped lower again.
KLIC 10/22 ABCD Up 4.96 -0.10 5.48 6.95 464K 875K 5.16
Buy Not Hit. Going to drop this one as it sank lower again and was not able to bounce at the support we wanted it to.
LRCX 10/17 Flag 35.84 -0.49 36.82 42.89 2.1M 4M 35.18
Current. Falling below average trade with this second step lower Monday. Leaving it as it is at support from the 18 day EMA (35.91) as well as the 38% Fibonacci retracement level. Also looks decent with the bounce off the low to hold this 36 dollar range. Now we see if it can bounce a bit from here to keep the play in shape.
LTD 08/14 Flag 19.49 +0.27 14.56 17.55 7.7M 5.8M 19.98
Current. A bit of gain here on volume, but faded back from much better intraday levels. Still like this play, but has been working hard the second half of October for just a bit of gain. A short move lower from here Tuesday would not be a surprise, but would like to see if it can bounce some off the 10 day EMA (19.01).
MANT 10/06 Test 20 46.70 -0.19 48.42 55.77 165K 325K 46.69
Buy Not Hit. Just not able to make a move here as it stalls along the 200 day SMA (46.71) so we are dropping it.
MPET 10/14 ABCD Up 1.59 -0.11 1.52 2.11 718K 387K 1.51
Current. Stepped lower here with above average volume, but did bounce nicely off the intraday low. The 1.60 mark is a good level to hold and we will see if MPET can hang on here and start higher again.
NVTL 10/07 Test 50 12.36 +1.27 12.30 14.98 3.3M 900K 11.44
Current. Gap higher to a doji with very strong volume. At the prior October peak now (12.48, opening) and will see what it can do from here. Would like to see NVTL hold the gap and run some more like many stocks have done recently.
ORN 10/21 Test BO 21.75 -0.83 22.93 26.95 196K 550K 21.38
Current. Another one that looked good and then reversed lower. At some support from the 50 day EMA (21.51) though so we are leaving it on. This would be a nice level to hold, and want it to start back up without too much more of a move back.
PAAS 10/17 Test BO 21.69 -1.09 24.26 29.77 2.1M 2.4M 22.56
Buy Not Hit. Had been taking a deeper test back, but things got out of hand with this move lower so we are dropping it. some support at 21 so we will see if it can set back up there.
PAET 10/22 Flag 3.71 -0.21 3.77 5.75 730K 1M 3.56
Buy Not Hit. Light trade as PAET moved lower again Monday. Getting back to support at the 50 day EMA (3.60) so we will see if it can hold there. Moved the buy point in the event it bounces.
PAET 09/17 Asc Tri 3.71 -0.21 3.20 4.21 730K 700K 3.98
Current. Would have preferred it hold at the 4 dollar mark, but will let it continue the test lower as it is doing so on light trade. Over the support at the 50 day EMA (3.60) so we will see if it can take a bounce there and start back higher.
PIR 10/24 Flag 4.05 -0.27 4.52 5.39 2.3M 3.8M 4.18
Buy Not Hit. Moved below the 18 day EMA (4.20) to break up the flag pattern so we are dropping this one. At support at 4 now and we will give it some time off.
PNK 10/21 Cup hdl 10.72 -0.91 11.77 13.95 896K 625K 10.95
Buy Not Issued. Not the greatest action here with this larger move back. Is at some support though from the 18 day EMA (10.76) so we will give it more time to se up here. Would like a bit of a bounce here Tuesday to keep PNK moving nicely in this uptrend.
QSII 09/29 Flag 61.57 +0.56 62.14 71.95 149K 400K 61.88
Current. Tried to move a bit higher but not able to make much headway with this low volume move. Still, it did move higher to bump again some levels at the 62 mark. Want to see if it can get over that level and make the move stick to get QSII back on track.
QTWW 10/21 ABCD Up 1.35 +0.14 1.19 1.60 9.8M 4M 1.16
Current. Things got fired up here with the gap, test back, and rebound higher to post solid gains. A high volume move and now back to the prior October highs (1.36, opening). Like the continued gains here but want to see it keep pressing past the 1.40 mark to make it count.
RDY 10/02 Flag 20.93 +0.50 19.36 22.95 427K 545K 19.93
Current. Gapped and then settled just a little bit, but still a nice move higher. Over the September high (20.76, opening) and looks ready to take more. A tendency to gap here lately but will see if it can hop all the way up to the prior October high at 21.46 now.
RIG 10/13 Flag 88.14 -1.72 90.30 99.94 4.6M 6M 87.77
Current. Stepping lower here to continue testing Monday. Bouncing a bit off the low as it hits support from the prior September peaks (87.11). Like how it is reacting there so leaving it and will see if it can manage a bounce from here within the next couple of days.
RS 10/20 Flag 40.40 -1.77 44.22 49.95 1.3M 1.4M 41.91
Current. Pumped lower here to close back at the 50 day SMA (40.37). More serious support is at the 40 mark with the July peak and prior October low and RS is holding that just fine. Need to see it keep that up and then work to reverse higher from this level.
RS 08/27 Pennant 40.40 -1.77 37.55 44.75 1.3M 1.4M 41.98
Current.
RTI 10/21 ABCD Up 21.29 -0.53 22.32 29.95 520K 925K 21.78
Buy Not Issued. Moved a bit higher and lower intraday before settling for a moderate step lower. A continued test but still in the ABCD pattern so we are giving it more time. Would like to see it settle here and then start back up.
RTI 10/14 Pennant 21.29 -0.53 25.36 29.95 520K 875K 23.77
Current.
SCHN 10/17 Asc Tri 51.19 +0.57 54.62 62.94 734K 800K 50.84
Buy Not Hit. Holding some support at 50 as SCHN moved a bit higher here. Not able to hang onto all the intraday gains, but still heading in the right direction as we need it to. Not the strongest action, but will see if it can rebound up back towards the 55 mark to get us looking at an entry.
SD 10/13 DB hdl 12.03 -0.35 13.76 18.95 4M 5.9M 12.82
Exited. Moved higher but not able to hang on over the 50 day EMA (12.53) so we pulled the plug. Sank lower to the support at 12 so will see if it can start to set up again from there.
SLAB 10/10 ABCD Up 42.09 0.00 46.88 52.95 548K 1M 44.28
Current. Stepping laterally here with light trade as SLAB posts a doji at support. This is the level to hold after testing lower all last week, and now we see if SLAB will turn up off this doji to get the move back on track.
SOHU 09/21 Test BO 59.92 -11.43 69.31 79.95 5M 1.1M 67.31
Current. Gapped sharply lower, giving us little to work with. Managed to hold some support at 60 where it has held many times. Thus watching how it reacts at that level and will give it some time to bounce again but that gap through 65 was important.
SPN 09/26 ABCD Up 23.65 -0.74 21.98 25.36 661K 1M 23.96
Current. A move lower here with another energy stock suffering. Over some support from the prior peaks at the 23 mark so leaving it for the time being. At the short September/October trendline as well, so we will give it a bit of time to rebound from here.
STE 08/29 Asc Tri 31.30 -0.16 28.67 33.91 383K 625K 31.88
Current. Lateral move with this doji, and a nice bounce off the low at the 31 support. Still not able to move past 32 as it stalled there intraday, but similar action everywhere Monday. Will let it hold this support and see if the market can pick back up Tuesday, and STE along with it.
SVA 10/12 Test BO 8.06 +0.57 8.01 11.95 3.3M 5M 7.28
Current. Gap higher, filled, and then reversed to close with a doji over the 8 dollar mark. Like how it is holding up here with the bounce off the 50 day EMA (7.41) and will let it continue Tuesday.
SY 08/26 Test 50 41.60 -0.40 35.15 40.45 929K 2M 40.55
Current. Light volume as SY pushed higher, and then sank back to give up a bit of ground at the close. Not a whole lot going on here, but continuing to bump against 42 and find resistance. Will see SY can manage a bounce off the 10 day EMA (41.24) or if it will soon need to take a deeper test back.
THC 08/24 Flag 5.56 -0.23 4.73 5.95 11M 12M 5.68
Current. A fair sized step lower here with just over average trade, but leaving it with this nice bounce off the 50 day EMA (5.37). Still watching it as it sank below the good 6 dollar mark, but holding the key level at 5.50 still. Want to see if it can rebound from this move to get back over 6 and the prior September/October highs.
THS 10/14 Pennant 35.89 +0.21 35.73 41.45 340K 480K 34.22
Current. Modestly higher here to keep heading away from the 50 day EMA (35.16). Not a huge move, but decent volume backing it Monday. Some resistance needs to be taken out at 36 with August/September lows, but once through there THS can climb much higher. Will see if it can continue Tuesday.
TIE 09/21 Cup hdl 9.25 -0.25 10.27 12.39 2.9M 4M 10.04
Exited. Gave this one the axe as it could not hold the support it needed to at the 50 day EMA (9.52). Will let it continue to test down to the next support at 9 and see how it reacts there, but even then it is not set up so nicely any more.
TRLG 10/19 Flag 28.01 +0.09 27.47 31.65 381K 700K 26.22
Current. Tried for some gain but rolled back to flat here. Nice level intact at the 28 mark and TRLG still looks pretty solid here. Just a slow start to the week and now we see if the market can pick up a bit and TRLG follows along.
TRLG 09/05 Asc Tri 28.01 +0.09 22.57 26.94 381K 700K 26.22
Current.
TYC 07/10 Test 50 33.89 -1.23 26.75 31.95 4.8M 5.5M 34.11
Current. Thumped lower with volume but left it as it is at support from the 50 day EMA (33.44) as well as the prior October low (33.32). Want it to hold here and then start to rebound to get things back on track.
UPS 10/08 Test 50 54.52 -1.18 57.15 64.95 8.9M 4.5M 55.38
Exited. Return to sender. Higher volume again as UPS stalled at the 50 day EMA (55.75) and then fell. Now at some support at 54, but not liking how this is set up so it was time to go.
UTSI 10/05 Cup hdl 2.13 +0.03 2.19 3.48 880K 950K 1.87
Buy Not Issued. Not bad at all. Short move higher to follow up the Friday slip down. Still trading nicely in this October range and just waiting for the upside to continue to the 2.20 mark before we move in.
VLO 10/20 Rev HS 20.27 -0.40 20.49 23.84 16M 13M 19.87
Current. Surged intraday but fell back with the other energy stocks to close lower. Good support level at the 20 dollar mark is holding just fine for now, but will watch it here Tuesday after two sessions of spotty action. Going to give it a little more time to rebound higher off this 20 level.
VMC 10/17 ABCD Up 49.22 -1.51 52.78 60.95 1.3M 1.6M 50.54
Exited. Heading lower and not able to hang on at the 50 mark so we had to close it out. Next support is at 48 but even with a bounce there VMC is not in a great position to run.
ZEUS 10/15 Asc Tri 28.97 -0.80 30.78 39.88 267K 250K 28.77
Current. A step back here with just over average volume to start the week. Not the prettiest move here but did bounce some at the 50 day EMA (28.29) so we are leaving it on. In the uptrend so letting it make this deeper test and will see if it can start to reverse higher from here.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AIPC 09/26 BearFla 28.56 -0.05 27.60 24.04 275K 500K 28.39
Current. Not giving up any ground when quite a few did, but instead bounced off the 28 mark to close flat. Set up to fall still, but not making the move below support so we are watching it. If it starts to continue higher Tuesday, be careful.
AMSC 10/20 HdShldr 31.35 +0.54 31.48 28.06 1.1M 1M 33.05
Buy Not Issued. Gapped higher then reversed on strong volume and below the 50 day EMA (31.64) so we moved in. Tested up a bit to there last week and now stalling out just as it needs to. Great entry point and now letting it fall.
BHP 10/22 HdShldr 71.52 -1.45 73.82 70.84 5.5M 4.8M 72.44
Current. Intraday surge and then fell back to close under the 10 day EMA (71.81) on volume. Like this crack lower and now looks set to continue testing back to the support around the 70 mark.
CAB 09/23 BearFla 14.60 +0.10 13.21 11.38 1.6M 1M 13.96
Current. Gapped higher but a big doji as it tests the August and September lows just under the 15 mark. Very key point here and if it can turn back and start moving below the 14 mark then we will let it run.
DIOD 10/05 BearFla 18.68 +0.05 18.32 15.22 228K 400K 19.22
Buy Not Hit. Lateral move with this doji over the 18 dollar mark. Trading for the eighth day now at this level and not able to move past the 50 day EMA (18.96), but not taking the break lower either. Do not want it to hold here too much longer but going to give it a bit more time to start faltering.
DIOD 09/18 Put 18.68 +0.05 19.56 17.02 228K 375K 17.66
Current. Trading laterally for the eighth day at this level with this doji Monday. Bounced a bit off the low at the 18 support, but still not able to move past the 50 day EMA (18.96) so we are giving it more time. Like that it can't move higher here, but want to see it slip lower sooner rather than later.
DST 10/10 BearFla 43.70 -0.03 43.88 40.38 493K 600K 44.75
Buy Not Issued. Side stepping with this doji so we held off the buy. Not a bad move as it bounced down from the 50 day EMA (44.25), but still not the action we need to get in here. Will see if it can test up some to the moving average and then get knocked down to give us the buy.
GS 10/17 Put 179.37 -0.99 183.63 175.05 9.4M 15M 185.22
Current. Moving down, but not massively so. Going to give it some more time as it is definitely not a symbol of strength, but not as crazy about the play. Want to see it get down to the 50 day EMA (177.06) at least.
IWM 09/30 Rollove 59.52 -0.53 61.48 57.55 70M 48M 61.21
Current. Rising above average volume as IWM surged and then rolled back to step lower. At support now from the 50 day EMA (59.27) so really going to watch it Tuesday. Has started to roll over nicely, but this is where we want to see it fail to break open further downside.
MCHP 10/06 HdShldr 25.05 -0.24 25.61 23.48 2.7M 3.5M 25.77
Not a huge move lower, but still heading in the right direction to get to support at the 25 mark. Saw a big bounce here earlier in the month with the prior October low, but want to see MCHP slip lower this time around.
NTES 10/14 BearFla 37.42 +0.02 39.77 35.04 1.8M 3M 41.66
Holding on at this level as NTES stepped laterally under the June peaks (38.22). A weak move, but has not give up this level so we will wait a bit longer to see if it can bounce down from here in the next couple of days.
ROST 10/20 Put 45.94 -0.18 45.58 41.75 1.4M 2M 46.77
Current. Holding the 50 day EMA (45.94) with the surge and peel back to flat. Moving weakly here, but not able to crack below this support and hold that yet. Will see if this weaker action can continue Tuesday, and if it is enough to start ROST lower from this level.
SHAW 10/24 BearFla 28.93 +0.07 28.66 26.08 1.6M 1.4M 30.21
Buy Not Hit. Gap up and reversal back to support at the 200 day SMA (28.71). Very weak action and could be ready if it continues lower on Tuesday. Will see if it can do just that.
SMTC 10/21 BearFla 16.02 -0.01 16.54 15.18 1.4M 600K 16.48
Current. Higher intraday but fell back to a doji at support at the 16 mark. Bounced here early in October, but after heading lower last week it has not done that with the three sessions at this level. Giving it more time to slip back from here.
STLD 10/17 ABCD Dw 14.71 -0.32 15.16 13.11 6.1M 8.5M 15.57
Current. Like this step lower to duck beneath the 15 support and hold it. Could test a little, but looking very ready to continue lower with this move. Will watch it down to around 14 where there is some support, but looks good to head a bit lower Tuesday.
End part 2 of 3
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