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us stock market, trading system
Begin part 2 of 3
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VIDEO MARKET SUMMARY. Detailed chart-based analysis of the key index and leadership charts are covered.
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NEW FEATURE: HTML CONTINUING PLAY TABLE. Click the following link to view the Continuing Play Table in HTML format:
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CONTINUING PLAY LIST
* * SPREADSHEET DOWNLOAD * * *
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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 199.92 -0.59 138.55 149.91 15M 23M 198.00
Current. Lower intraday but bounced over the October gap up (198.76) to hold with a lateral move. Some selling on Thursday after the Wednesday doji and will see if AAPL can stick to this support next week.
AAPL 04/15 Test 20 199.92 -0.59 119.69 132.77 15M 25M 198.00
Current.
ACF 10/29 Flag 18.62 -0.25 18.20 21.88 836K 2.2M 18.11
Current. Slipped back further for the third day down and closed just under the 18 day EMA (18.70). Left the low volume move as it can still hold over some support at 18ish, but would like to see it turn back higher from here.
ACH 11/16 Asc Tri 27.60 -0.15 28.42 34.95 372K 850K 26.43
Buy Not Hit. Dropping this one after the gap down and weak bounce from there.
APA 10/13 Test BO 96.47 -0.60 99.71 109.95 2.5M 4M 98.11
Current. Just a tad lower but a nice bounce off the low to finish with a doji over the 50 day EMA (95.99). Started lower Wednesday and holding up at support here so we will let it try to bounce up Monday.
APA 09/29 Pennant 96.47 -0.60 92.37 105.95 2.5M 4M 98.11
Current.
ASIA 10/01 Asc Bse 24.98 -0.10 20.74 23.85 542K 900K 23.84
Current. Lateral step but a good looking intraday reach down to the 18 day EMA (24.27) that bounced. Not a bad test lower after hitting some resistance Tuesday/Wednesday and sliding back here. Now we look for the bounce up.
AUXL 10/30 ABCD Up 34.93 -0.07 33.21 37.22 332K 865K 32.88
Current. Boring week for AUXL as it was up and down over the 34 mark. Lateral step with a doji here and in no real danger as it holds over the October high (34.70) so we will give it more time to play out.
BBY 11/12 Asc Tri 43.30 +0.35 42.91 48.95 6.2M 7M 40.87
Current. Nice jump higher after the Wednesday and Thursday gains to push over the prior November high (42.93). Faded back some off the high, but a nice press forward and can let it run from here.
BLKB 11/17 Pennant 21.60 -0.09 22.28 25.95 184K 300K 20.97
Buy Not Hit. Side step with another doji at the bottom of the November lateral range. Under the 50 day EMA (21.91) still but could very well bounce up off this doji so we will see if it can do that Monday.
BWLD 11/05 Asc Tri 40.90 -0.34 42.57 48.95 319K 635K 40.88
Current. A gap lower and not holding at the 50 day EMA (41.26). but left it with the solid bounce off the intraday low at 40ish. Still in the uptrend with this fourth day lower, but at a place BWLD needs to start higher from. Giving it that chance on Monday.
CAT 11/18 Asc Tri 57.95 -0.66 60.24 67.88 8.7M 12M 57.94
Buy Not Hit. Third day down but a nice bounce off the intraday low here so giving it more time. Will see where it bounces and if it can turn higher here we still look for it to get to our buy point.
CERN 10/29 Test 50 75.84 -0.04 79.62 94.94 949K 1.2M 77.28
Current. Lateral step with a doji after two days heading lower. Holding over the late September highs and early November lows at 75 with this move and a great place to bounce. Want to see that next week to get the ball rolling.
CLF 09/28 ABCD Up 43.02 +0.74 31.12 39.95 3.1M 5.2M 39.88
Current. Opened lower at the 10 day EMA (41.25) but bounced to post some gain at the close. Decent climb this week and now looks ready to keep moving higher after two days finishing down. Will see if CLF can keep this up.
CME 10/10 ABCD Up 322.99 +1.02 296.21 338.88 566K 1.2M 311.44
A bit of gain this week but tapped the resistance at 325ish and started to fade. Solid bounce off the intraday low here to close flat but again seeing that resistance come into play. Next week we see if CME can crack over resistance and run or if it will need to pause some more.
CME 09/26 Flag 322.99 +1.02 300.77 338.88 566K 1.2M 311.44
Current.
CPST 11/12 ABCD Up 1.26 -0.08 1.26 1.55 1.8M 4.5M 1.18
Current. Started to break higher this week but not the best action Friday. Gapped lower, surged, and then rolled back before bouncing some at the 50 day EMA (1.24). Not crazy about this move, but on low volume and over support so will see if it can resume the gains on Monday.
CRNT 11/17 Asc Bse 9.54 +0.06 9.69 11.32 169K 300K 9.01
Buy Not Hit. Up and down intraday before closing with a short side step here. Just toying with that 9.50 level as it has done all week but in the uptrend so it is ok to let this one run from here.
DD 11/12 Asc Tri 34.51 -0.09 34.89 39.91 5.9M 8.5M 33.57
Current. Up to start the week but then showed a doji and slipped lower Thursday. Holding up at the 10 day EMA (34.41) here with another doji and looks like it will stick at this level. Will look for the turn higher from here Monday.
DE 11/07 Asc Tri 50.83 -0.06 48.50 58.95 5.7M 6.5M 47.88
Current. Gap higher Wednesday and just slipping a bit lower intraday before bouncing now. Nice test of the gap and has held over the support at 50 so far. Looks ready to run again so seeing if it can use this bounce Monday to set things off.
FFIV 09/30 FlyPlat 46.91 -1.46 40.51 44.95 1.4M 2M 47.69
Trailing Stop. Nice testing lower for most of the week, but fell through some support here with the gap to hit our stop point.
FMX 11/16 Pennant 43.52 +0.05 44.39 49.95 1M 2M 41.82
Current. Lower intraday but still fairly tight trading here with a bounce to close laterally. Solid support at the 42 mark and may test back to there, but holding up just fine at this level so we will see. Ok to let this one play out some more next week.
GIS 08/10 Test BO 67.94 +0.43 58.59 67.42 2.3M 4M 66.54
Current. Opened at the 10 day EMA (67.30) and then bounced higher with volume into the close. Looked to be bumping some price resistance at 70 and ready to test lower some, but a pretty solid bounce here. Good way to end the week and will see if this can continue Monday.
GLD 10/02 ABCD Up 112.94 +0.64 98.89 105.45 17M 14M 108.11
Current. Short bounce higher with average volume Friday. Up and down all week, but gold is still an investor favorite and that will likely send GLD kicking higher at some point. At a good level here so will wait it out.
HAL 10/29 ABCD Up 29.88 -0.56 30.30 34.95 15M 23M 29.89
Current. Higher, average volume as HAL slipped back for the second day Friday. Through some support at 30 as well at the short October/November trendline, but just toyed with the stop point from there. Need to watch out as volume has increased throughout the week with the move lower, but if HAL can turn higher here we will let it. Do not really want to see a move lower from here.
HUM 11/19 Flag 40.44 -0.39 41.05 46.15 1.6M 3M 39.54
Buy Not Hit. Short step lower to continue testing as HUM has all week. Lower volume move and a bounce off the low at the 18 day EMA (40.09) so not bad at all here. Going to wait for HUM to start higher but we are ready to move in when it does.
HWD 10/26 ABCD Up 9.74 -0.23 8.95 11.95 209K 450K 8.97
Current. Gap lower, filled, and then sank back to hold over the 18 day EMA (9.62). Not an ideal move, but a gentle test lower this week and over some support so not a move to worry about. Will see Monday whether it can take a bounce from here or if it rests some more.
ICE 10/27 Test BO 106.77 +0.01 105.46 119.95 604K 1.8M 104.94
Current. Down intraday but bounced to close flat on the day. Low volume move and at that 105 support after heading lower for the three previous sessions. Has made the test and now we look for the run back to the 110 mark.
ICE 09/16 Flat 106.77 +0.01 97.35 114.94 604K 2.2M 104.94
Current.
IOC 11/09 Test BO 50.21 -0.44 48.81 54.95 572K 1M 47.65
Current. Still testing down from that 52.50ish level after tapping it early in the week. Nice test of the 18 day EMA (49.20) here and a bounce to close with a doji, and will see if this is enough to start IOC back higher next week.
JBLU 11/07 ABCD Up 5.20 -0.01 5.33 6.94 2.7M 8.5M 5.21
Current. Not the greatest action this week with the scoot lower, but holding up laterally with the doji here so we left it. Toeing the line, but if JBLU can start a bounce back up from this level we will let it run some more.
JOSB 11/10 ABCD Up 41.74 +0.10 43.50 48.88 204K 450K 42.25
Current. Pulled back this week and now holding over some support with the November lows (40.73, opening). Gave up a decent sized chunk off the high, but not a bad hold here so we give JOSB a chance to turn up off this doji.
LNCR 10/02 Flag 35.38 +0.57 30.86 35.88 676K 1.2M 33.77
Current. Opened at the 10 day EMA (34.65) and a pretty decent bounce to close higher. Two days of testing before this and nice reaction at the light support. Still could test after this long November run, but over support here so we are giving it some play.
MA 11/14 Test BO 231.16 +1.07 231.51 253.45 1.8M 2.4M 227.38
Buy Not Issued. Tested lower all week and then the gap down and bounce Thursday. Kept moving a bit higher to finish things this week, but not quite enough for the buy. Will see if it keeps moving from here to give us the entry.
MDT 11/17 Flag 39.62 +0.01 40.32 45.45 5.1M 7M 38.28
Buy Not Hit. Finished off the high with this doji, but holding solidly over the support at the 10 day EMA (39.37) and August/September highs. Nice little flag pattern here and looks like it could start to pop up off the moving averages so will watch for that next week.
NFLX 11/03 Flag 59.97 -0.29 56.18 62.55 1.1M 1.8M 57.78
Current. Lower again off that Wednesday doji, but not bad at all with the sharp bounce off the intraday low. Could fade a bit more from here, but not bad action at all so will leave it to see if it gets things rolling Monday.
NTGR 11/04 Asc Tri 20.19 -0.98 19.05 21.95 465K 450K 20.34
Current. Gentle testing lower Wednesday/Thursday but a higher volume step back to the support at the 20 mark. Up a bit though after hours so reacting well at this level. Has taken the test after a solid run and now it can look to start back up.
PIR 11/09 Test 50 3.97 -0.11 4.31 5.25 1.2M 3.2M 3.97
Current. Third step lower and not bad at all with the bounce up off the 18 day EMA (3.91) to finish with a doji. Also a solid support level at this 4 mark with September and early November highs so will look for the bounce from here.
PLCE 11/18 Asc Tri 33.58 -0.62 34.55 41.45 760K 1.4M 32.88
Buy Not Hit. Finished lower Friday to keep heading lower as PLCE has all week. At good support with the 50 day EMA (34.55) though and a bounce there so giving it some time. Nice rebound off the low and will see if that can spark PLCE higher to get us looking for an entry.
PNC 11/02 Flag 54.84 -0.40 51.77 58.95 3.3M 7.5M 53.65
Current. Soft gap lower with a doji over the 10 day EMA (54.45). Not able to do anything at the 56 mark so the test back is not a surprise. Want to see a hold over 54ish from here and bounce to get this one going again.
PRE 11/11 ABCD Up 77.41 +0.35 77.66 84.77 467K 1M 75.38
Buy Not Issued. Nice bounce up off the support at the 50 day EMA (76.65) after gently slipping back this week. Bounced from here earlier in the month and a good place to move in if it carries higher from here.
QTWW 10/21 ABCD Up 1.20 +0.02 1.19 1.60 1.2M 4M 1.16
Current. Opened a bit lower but a good looking bounce up off the 50 day EMA (1.14) to close positive. A hold and bounce where we wanted and now it is time to continue higher over the 1.20 mark. Increased volume would help this move though.
RDY 10/02 Flag 24.02 +0.57 19.36 22.95 461K 545K 22.91
Current. Gap lower Thursday but a bounce right back up to finish the week. Good move to hold up over some light support from the early November gap higher (23.41, opening) but still not the most clear cut action. Doing what it needs to for now, though, so will give it a chance to carry higher Monday.
REP 11/18 Asc Tri 27.32 -0.30 27.72 32.95 290K 525K 26.77
Buy Not Hit. Short gap lower but good action to hold over the 50 day EMA (27.06) with the doji. Nice support level and REP can step turn back up off this doji. Will see if it does just that on Monday and keeps running to give us a buy.
RIG 11/10 Test 50 83.80 -1.42 89.89 99.92 5.2M 5M 86.54
Exited. Below the support with the July/August/September trendline and on volume so we cut it free. The pullback got a bit carried away here.
RMBS 11/06 Rolling 18.10 -0.25 16.78 19.45 1.6M 3M 17.48
Up to the 19 resistance early this week and testing back still. Doji over the 18 day EMA (17.91) support to hold the line. Will see if RMBS can jump up from here to have another go at that 19 resistance next week.
TEVA 11/14 Cup hdl 52.72 -0.32 52.83 60.34 4.1M 5.2M 51.44
Current. Up and down some this week but continues to hold over the 10 day EMA (52.52) with this doji. Not bad action at all and looks like it will run up from here, but has to hold a move over the 53 mark first.
TNB 11/04 Flag 37.09 -0.42 35.84 40.95 389K 870K 36.28
Current. Lower again with this doji and closed just under the 10 day EMA (37.20). Lower volume action and just testing after the long November run higher. Will look for a hold at the 36ish level with the 18 day EMA (36.37) and a bounce up from there.
TROW 11/02 Test BO 48.71 -0.54 49.78 58.55 1.2M 3.6M 48.55
Current. Finished a bit negative again, but still bounced up off the support with the 50 day EMA (48.27). Tested further than we would have liked, but in all pretty solid action. Will see if we get the run higher off this support Monday.
TWP 11/02 ABCD Up 20.05 -0.17 16.73 20.98 419K 217K 19.21
Current. Slightly lower again Friday but a doji with the bounce off the intraday low. Big run the first three days of the week and pausing some here at the 20 support. Looking for it to hold in this range and then get the run going again with a move to the resistance at the 21 mark.
TXT 11/14 Asc Tri 19.64 -0.54 20.29 27.25 5.4M 7M 19.18
Current. Worked laterally for most of the week but slightly lower Friday. Not anything to worry about and a pretty decent bounce off the intraday low so we are letting it work some more next week.
TYC 07/10 Test 50 36.86 +0.25 26.75 31.95 2.7M 5.5M 35.36
Current. Tested intraday to the 10 day EMA (36.19) and bounced to flat. Looks like it could still test to 36 after the November run, but not a bad bounce here so that may be enough to hold TYC higher Monday.
URBN 11/18 Test BO 32.18 -0.08 33.04 37.95 2.4M 4.2M 31.32
Buy Not Hit. Three days lower away from some resistance and now a doji at support. Tried to bounce before peeling back into the close, but still solidly positioned. Waiting for the break higher from here that holds to give us the entry.
XRTX 11/10 ABCD Up 12.11 +0.12 11.34 14.95 191K 400K 10.55
Intraday move to the 18 day EMA (11.62) but bounced to finish XRTX a bit higher. Not bad action at all here after some testing Thursday and looks like it could continue up Monday.
XRTX 11/04 ABCD Up 12.11 +0.12 10.95 14.95 191K 550K 10.91
XTEX 11/19 ABCD Up 5.69 -0.16 5.88 7.11 318K 450K 5.45
Buy Not Hit. Faded back from the 6 mark earlier this week and at some support now with the doji at the 50 day EMA (5.57). Additional support with the September highs at 5.50 so we will see if XTEX can stick here and bounce up to get us looking for the buy.
YTEC 11/16 Cup hdl 7.97 -0.05 8.22 9.48 15K 125K 7.64
Buy Not Issued. Gap higher and faded back to flat with the close at the 18 day EMA (7.92). Right at that 8 support and holding so we are waiting it out, but really want to see a jump higher that can stick soon.
ZMH 11/09 Asc Tri 56.92 +0.06 55.52 63.95 2.1M 3.4M 55.91
Current. Nice run this week, faded Thursday, and holding up laterally Friday. Nice bounce off the intraday low and looks like it can start back up after this action. Will see what ZMH can manage next week.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ASH 11/04 BearFla 35.69 -0.55 36.54 31.21 1.5M 2M 38.22
Current. Gap lower on higher volume to keep moving away from resistance, but need to be careful with this doji at support. Still very much in the downtrend but a key range from 34-35 to give up.
IWM 11/04 BearFla 58.59 -0.07 58.08 53.00 40M 75M 59.88
Current. Low volume bounce up off the 58 mark after two days lower. Under some resistance here with the 50 day EMA (58.85) so leaving it and will see if it can fade back from here.
IWM 09/30 Rollove 58.59 -0.07 61.48 57.55 40M 48M 57.54
Current.
JNPR 11/06 BearFla 25.20 -0.09 24.84 22.75 5.3M 10M 26.21
Current. Opened lower but a slight bounce at the close. Not the strongest action by any means, but holding up at the 25 mark where JNPR has bounced already so we are watching. Would be a great level to see JNPR fall through.
JOYG 11/17 Dbl Top 54.03 -0.83 56.05 51.05 2.2M 4.5M 55.66
Current. Lower again for the fourth straight session, but with the bounces off the intraday lows it is not breaking down yet like we want. Will see if it can falter next week, but for now JOYG is being a tad resilient.
MXWL 11/14 BearFla 17.44 +0.07 17.12 14.11 118K 300K 18.28
Buy Not Issued. Opened lower and started down from there, but a reversal closed MWXL back over the 50 day EMA (17.31). Fading nicely away from that resistance at 18ish, but not giving up that moving average yet so we are holding off the buy until it does.
PSYS 11/19 Put 21.00 -0.24 21.09 18.04 796K 1.4M 22.16
Buy Not Issued. Slightly lower but just continuing the lateral move under the 22 mark this month. Going to let PSYS continue to stall out here and will wait for the breakdown before we move in.
QID 11/19 BearRev 21.37 +0.23 21.47 23.98 13M 20M 20.32
Entered today. Up a bit Friday and over some support at the 10 day EMA (21.20) so it was a buy. Really think this one could start to move nicely so getting in at a good level.
RIMM 11/12 BearFla 59.72 +0.88 62.66 55.45 18M 22M 61.11
Bounced some Friday after a pretty solid move down this week. Under the 60 mark still and stalling so will see if it turns tail and heads back down or if it will continue testing.
ROST 10/20 Put 43.81 -1.04 45.58 41.75 3.1M 2M 44.65
Current. Heavy volume move back Friday to turn up the heat with this one. At the October lows (43.79) and will need to crack below that Monday, but a good looking move to work open the downside.
SCHN 11/19 BearFla 47.10 +1.37 45.52 40.25 982K 625K 47.72
Buy Not Issued. Dropping this one after the big bounce higher on volume. Not able to play the downside pattern after this move.
SPY 11/10 BearRev 109.43 -0.39 108.98 106.95 134M 200M 111.21
Current. Tightened its range at the 18 day EMA (108.89). Pretty modest pullback thus far and nothing suggesting a lot of weakness. Depends upon the dollar continuing its gains as to whether it sells further. Will see what we get next week.
VMI 11/11 Put 75.88 -0.30 76.30 71.65 149K 450K 79.53
Current. Very slight move back here after bouncing off the intraday low. Still set up to run lower but waiting for that step below the 75 mark that holds to start things off.
WMS 11/18 Put 40.77 -0.49 42.87 38.55 872K 1.4M 43.32
Slightly lower with this doji and an interesting bounce off the low at some support. This could send WMS higher next week and if it does make that test we can look at moving in if it stalls out around the 50 day EMA (43.13).
End part 2 of 3
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us stock market
trading system
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