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us stock market, top stock pick
Begin part 2 of 3
Apologies for the late delivery. My son's tournament baseball championship game was tonight. They are champs.
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HTML CONTINUING PLAY TABLE. Click the following link to view the Continuing Play Table in HTML format that includes additional information, e.g. option tickers, after hours pricing:
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CONTINUING PLAY LIST
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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 244.11 -1.11 138.55 149.91 30M 23M 255.11
Current. Nice gap up to start the day, but slid back at the finish with the rest of the market. That put AAPL just a hair lower on the day, still hanging on at the 50 day EMA (243.82) and April pre gap point (244.59). Still has upside potential, but this is where we want the stock to hold and bounce. Seeing if it will.
AAPL 04/15 Test 20 244.11 -1.11 119.69 132.77 30M 25M 255.11
Current.
AKAM 05/06 Flag 38.85 -0.06 38.14 44.75 3.8M 4.5M 37.44
Current. Gapped higher, surged, and then gave it all up to finish flat on the session. Still working along near the 10 day EMA (38.92) after this move, but not looking as good as it did after that Tuesday gap and rebound. Still can work for us, but may have to take a day off and then try to start higher again. Will make sure it stays in check Thursday.
AKAM 04/05 Flat 38.85 -0.06 32.84 39.89 3.8M 4.5M 37.44
Current.
ARO 05/22 Test 20 27.14 -1.33 28.88 33.44 4.9M 3M 26.86
Buy Not Issued. Very strong gap and bounce back up to the 50 day EMA (28.39) Tuesday, but sold right down from that support Wednesday. Not crazy about this action as ARO was not able to bounce off the lows any, but it is sticking with the March pre gap point as well as earlier May lows so we give it longer. If the stock can firm up and start back higher once again we give it more time.
BIDU 05/17 Flag 67.59 -1.49 71.16 84.89 12M 20M 65.93
Current. Big thump higher at the open, but then slid back to give up the move higher and then some. Not a pretty move back, but like others, it is holding the range it needs to. Will have a tougher time getting the upside together after this move, but it can still do it. Will see how it holds up around 66ish with any further testing, and look for the bounce up from that point.
BONT 05/22 ABCD Up 12.75 -0.17 13.33 18.00 150K 384K 12.40
Buy Not Issued. Looked ready as it started to surge early on, but could not stick the move so we were not buying. Still in great position as it holds up at the D point of the pattern, but it is hesitating under the 10 day EMA (13.75). Want to see strength towards that point before picking it up.
CHCI 05/13 ABCD Up 2.17 +0.07 2.81 3.95 309K 600K 2.39
Current. After settling back to the 50 day EMA (2.00) for a couple sessions, CHCI shot higher to start things Wednesday. Looked solid, but after clearing the 18 day EMA (2.35) it turned back to show a doji. Still finished for a nice little move higher, but with the turn back off the intraday highs we have to watch it. Just want to make sure it holds this range and can then start back to the upside after a short break.
CME 05/03 Flag 309.66 -2.64 328.77 357.55 943K 950K 317.11
Current. Two big days higher, slipped Tuesday, and then kept falling Wednesday. Really not a pretty turn lower from the 50 day EMA (317.92), but it is holding the 200 day SMA (308.54) now. As it was not able to really bounce off the lows we have to watch it, and want to make sure it sticks in this range Thursday. Really needs to start firming up now.
CMG 05/10 Flag 138.09 +1.81 138.71 158.42 659K 775K 134.77
Current. Looked ready after Tuesday as it showed the long reach down and reversal to finish with a doji. Started to spring higher Wednesday, but, like most others, it faded back towards the finish. It is sitting up on top of the 10 day EMA (137.23) still and would be really nice to see the stock continue to hold that support. Will wait and see if it can show any life Thursday, but if it does keep heading lower, have to make sure it hangs in at a decent level.
CMG 01/26 Test BO 138.09 +1.81 98.45 110.00 659K 550K 13477.
Current.
CSTR 05/22 Flag 52.98 -0.05 54.66 61.94 1M 1.8M 51.08
Current. Bounced off the lows Tuesday to finish with a doji, but not able to stick the bounce back higher Wednesday. Still in position as it holds laterally over the 10 day EMA (52.96), but now have to see how it reacts. It may need to take a day off before starting back to the upside again. We will see.
DNDN 01/21 ABCD Up 42.15 -0.65 29.54 33.48 4.7M 3M 46.72
Current. Hefty gap up, but thumped lower to move into negative territory at the finish. Left it alone as it works over key support at the 50 day EMA (41.40), but that is where we want it to stick. If it gets any more fade Thursday, want it to hold that moving average and then we can see if it bounces back from there.
DSW 05/04 Flag 28.91 -1.03 29.84 36.45 522K 600K 27.75
Current. Very, very solid move higher Tuesday, so some testing Wednesday is normal. A slightly larger move back than we would like to see, but it has settled at the 10 and 18 day EMA (28.73, 28.81) for support. Will see if it can stick to this point, or if it slips to the 50 day EMA (28.20) and April pre-gap point (28.03 open) before sticking. If it tests and holds there, it is in great position to jump back up.
ECPG 05/04 Test BO 20.51 -0.05 21.28 25.94 210K 245K 20.48
Current. Solid bounce higher Tuesday, but just held steady Wednesday with the doji under the 10 and 18 day EMA (20.63, 20.66). Slightly lower intraday before turning back to finish with the doji, and holding up better than most. Could turn out to be somewhat of a continuation move, so now will see if it resumes the upside Thursday, or if it tests back on us.
EXBD 05/07 Flag 30.93 +0.44 32.44 37.94 252K 425K 30.11
Current. Well off the intraday high, but held a pretty decent gain at the finish Wednesday. Still not able to do much past the 18 day EMA (30.91), but it is trying. If it can keep trying to work for us we leave it alone to see what it can manage.
FCX 05/25 Rolling 66.59 -1.03 69.21 78.92 18M 20M 65.88
Entered today. One of those that we jumped on early as it was up early and looked ready to hold it. Gave it up late in the day to finish lower, but still in good position to make that swing higher. Will watch to make sure it holds up in this range Thursday, and then can give it more time to show us life.
GLD 05/24 Test 18 118.47 +1.11 117.32 122.24 13M 38M 116.89
Current. Gapped up as inflation trades were higher, and then held the gap into the close. Did finish off the intraday highs as it holds under the short gap up from earlier in May (119.46), but a nice move. Letting it run for now and will see if it can keep working for us Thursday.
ILMN 05/11 ABCD Up 40.51 +0.88 42.52 47.95 2.9M 2M 39.86
Buy Not Issued. Good looking bounce Tuesday, and then kept the move higher going Wednesday. Did close some off the intraday highs, but still managed to finish over the 18 day EMA (40.35). This one has more ground to cover still, but it is showing more life than many other stocks. Will see if it can keep it up Thursday.
IRBT 05/06 Flag 20.33 +1.06 19.22 21.94 180K 220K 19.47
Current. Long reach lower to the 50 day EMA that rebounded Tuesday, and carried that upside move into Wednesday. This one did stretch to the early May peak and then fade back some, but held a very nice gain into the finish. Much better than many others, so now letting it run to see how it continues Thursday.
IWM 05/24 ABCD Up 64.35 +0.15 65.48 73.95 100M 100M 62.54
Entered today. Shot higher early in the day and looked ready to hold it. With that action we moved in, but then it backtracked on us to finish with the doji. Not great, but still in good position to move so we will hang onto it. Will see if it rests for a session or so now, and then give it a chance to work for us again.
JPM 05/22 Rolling 38.78 -0.16 39.22 46.44 51M 60M 37.39
Buy Not Issued. Tapped up to the 10 day EMA (39.50) and then faded to finish in the red Wednesday. Not the best way to follow that Tuesday rebound so we weren't buying it. Still holding the level it needs to, though, so we give it more time to show us something this week. If it levels out and then starts up again, it can still be bought.
LSCC 05/10 ABCD Up 4.82 +0.12 5.08 6.78 1.7M 3M 4.84
Buy Not Hit. In great position to move and it started to Wednesday. Held a gain, but could not stick the better intraday levels up over the 18 day EMA (4.88). Now have to see if it fades back to the 50 day EMA for support again, or if it can carry right back to the upside again Thursday. Have to be patient as it sets up for a buy.
MLHR 05/21 ABCD Up 18.68 -0.22 19.51 22.48 514K 640K 18.14
Buy Not Issued. Looked ready to move after that Tuesday test lower that reversed back into the close, but that was just not the case. It did make a nice break higher to start things, but tapped the 10 day EMA (19.45) and then shrank back to finish negative. Can watch it as it holds the D point in the pattern, but this is where it needs to stick to keep the play in shape.
NEM 04/14 Flag 53.16 -0.38 55.48 62.95 8.1M 10M 55.22
Current. Not bad intraday as NEM started higher, but it gave it all up to close down at the 50 day EMA (53.29). It is holding the support level so we left it alone, but not good to see NEM struggle as gold was up. Leaving if for now, but have to watch it closely.
NETL 05/19 Dbl btm 27.55 -0.14 27.82 34.89 1.7M 2M 26.37
Buy Not Issued. Gapped, surged all the way to the 50 day EMA (29.26), and then slid back to finish just barely negative Wednesday. Certainly not a move to buy with, and not a great way to follow the Tuesday bounce up from the lows. Still a good setup overall, but have to see how NETL reacts to this move Thursday.
NFLX 05/11 ABCD Up 104.80 -0.20 104.89 122.00 4.7M 3.2M 97.55
Current. Higher the past three sessions, but holding flat Wednesday after the gap down and slide back to finish. Not showing a ton of strength at the April and early May highs with this move, but just following the market with this kind of action. Will see now if it needs to take a little fade to the support at the 10 day EMA (102.02) or if it can just hold up at this point. If it can hold up in this range we give it longer to work for us.
NTRI 05/17 Test BO 21.66 +0.10 22.02 28.89 390K 2M 20.48
Buy Not Issued. Worked along the 50 day EMA (20.71) support for four sessions and then started to bounce Wednesday. Like most others, it could not stick the move, and now we see what it does. It can either go back to the 50 day to check up again, and we can get it on the bounce. Or we see if it holds up and tries to start higher right away. Just need to watch it closely.
NVLS 05/24 Dbl btm 24.86 +0.09 25.21 28.95 3.9M 4M 23.45
Buy Not Issued. Well off the highs to finish under the 50 day EMA (24.95) still. This one showed strength with the big Tuesday bounce back, but just couldn't make anything stick today. That is ok, we just give it more time at this level and see if it can start to work again after taking a little breather.
OSTK 05/19 ABCD Up 23.19 +0.54 23.01 26.48 331K 498K 21.40
Current. Tapped the C point of the pattern at 24ish and then eased back off the highs to finish. Still held a pretty decent gain at the close, but not a clear cut move higher now Thursday. If it does climb again, watching how it reacts at 24, but if it tests, seeing how it holds up. Have a little room to work with on this play so will see what it can do.
PII 05/24 Test 50 57.64 -0.35 58.78 67.92 464K 650K 54.78
Buy Not Issued. Up and down intraday before settling to close modestly lower Wednesday. Holding right in the range it needs to, just got bogged down and couldn't stick the move higher with the market getting dragged back. In good shape for a bounce, but have to see that it sticks the move before we pick it up still.
RMBS 05/22 Cup hdl 24.89 +0.74 24.71 27.98 4.5M 2.5M 22.54
Current. Long test and rebound Tuesday, and then shot nicely higher for us Wednesday. Off the highs like nearly every stock, but still held a solid gain into the finish. Now we watch how it reacts at a key point it is bumping the December, January and April (25.04) highs and not moving past. Will see if it can break through Thursday, but likely now it takes a day off.
ROST 05/21 ABCD Up 52.09 -0.76 52.87 58.91 1.9M 3.2M 49.93
Current. Nice break higher Tuesday, but gapped to the 50 day EMA (53.37) Wednesday and then sold back. Pretty typical move for this session, but still not the best action. Will watch to make sure it holds up over some 51ish support Thursday, and then see what it can do from there.
RTH 05/25 ABCD Up 95.44 -1.23 96.92 106.94 2.7M 3M 93.48
Buy Not Issued. A turn lower Wednesday, but still working along at the D point of the pattern as it needs to. Just watching it at the 200 day SMA (93.99), and still ready to move in when it makes that move up for us.
SCSS 05/25 Pennant 10.14 +0.21 10.09 11.95 1.8M 900K 9.38
Buy Not Issued. Held a pretty decent gain for the session, but did finish well off the intraday high. Not buying as it shrank back into the close, but still in good position for us. Will see if it gets a little test back, and then can bounce up again. When it does that and sticks, we look at picking it up.
SNDK 05/25 Pennant 43.56 +0.38 45.45 49.89 20M 12M 40.68
Entered today. Shot nicely higher to start things and was holding pretty decently. Scooped it up early as it was coming off a nice Tuesday bounce, but then it slid back on us to finish. Not happy about it, but still in nice position so let it be. Will see how it holds up in this range, then will give it more time to take another bounce up.
SNDK 04/29 Flag 43.56 +0.38 39.14 49.94 20M 13M 40.54
Current.
SNIC 05/10 Test 50 11.95 +0.92 12.36 14.44 671K 600K 11.91
Current. Gapped up to the 50 day EMA (11.30) and then surged from there to finish solidly higher. Great reaction over key support and like how it held all the upside into the finish. Much stronger than most stocks Wednesday, and now we see if it can keep it up Thursday.
SSO 05/25 Rolling 34.83 -0.47 36.04 40.65 36M 30M 33.32
Entered today. Another one that looked good as it started higher so we bought it. It did backtrack to finish lower on the day, but still left the stock in good position to run. There was that gap lower and rebound Friday, followed by the Monday pause, and then the gap and rebound Tuesday, followed by this Wednesday pause. Really trying to make that move higher, so giving it a chance to now.
SSYS 05/05 Rolling 23.13 -0.32 24.18 28.74 148K 265K 22.49
Current. Lower on the session, well off intraday highs. Pretty common move for this Tuesday, and still holding up over key support with the February and early May lows so we left it alone. Just seeing if it can get back to its feet from this point and start to run.
TEN 05/25 ABCD Up 21.42 -0.11 22.45 26.74 1.6M 2M 19.45
Entered today. Looked good early on as it started higher so we bought it. Ended up holding below the 50 day EMA (22.88) and fading late on us. Not great, but still in position to start higher out of this ABCD pattern so just watching how it reacts Thursday. Can see if it holds this range and then takes another shot at working higher.
TJX 05/19 Dbl btm 44.50 -0.85 45.28 49.94 8.4M 7.5M 42.11
Current. Very strong Tuesday bounce before turning lower Wednesday, but the stock held up just fine at the 50 day EMA (44.41). Really looks more like a normal test back off the big Tuesday move so just seeing how it handles this point for us Thursday.
URI 05/24 ABCD Up 11.70 +0.19 12.23 14.69 1.3M 2.2M 11.44
Buy Not Hit. Nice start higher, but hit those Monday intraday highs and then turned back down into the close. Did finish decently higher, retaking the 50 day EMA (11.58), but not showing enough for the buy this session. In good shape overall to make that move higher, but have to wait a bit for it to do so. Will see if it can give us anything to work with by the end of the week.
WRLD 05/20 ABCD Up 35.81 +0.03 36.88 44.89 267K 500K 34.30
Buy Not Issued. Not buying this one as it stretched up to the 50 day EMA (36.63) and then turned back to finish with a doji. Looked ready after that bounce up from the lows Tuesday, but just couldn't make anything stick. Oh well. Still in position so will watch it the next couple of sessions to see what it can manage.
WSM 04/02 Flag 28.55 -0.60 27.43 32.74 2.4M 2.8M 28.74
Current. Looked ready Tuesday with a nice reaction over the 50 day EMA (27.95), but got dragged back with the rest of the market Wednesday. Will just let it continue along this support for now as it has done for a couple of weeks now, and give it more time to jump.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
A 05/15 BearFla 31.49 +0.25 32.92 31.24 3.8M 4.5M 31.55
Current. Thought about closing it but waited, and sure enough A hit the 10 day EMA (32.22) and faded to show a doji. Showing it might need to take a dip back, but still have support with those recent lows to watch out for. Will see if this one can weaken any for us Thursday.
F 05/12 BearFla 11.39 +0.37 12.43 10.48 147M 125M 11.66
Current. Gapped up and then splashed higher from there, but tapped the 18 day EMA (11.86) and then closed back down with a doji. Higher on the session due to the gap, but as it is under the early May lows still it does look ready to turn back down. Will see if it can fill the gap, but then do have support from the recent lows to watch out for. Seeing how F acts when it gets there.
GYMB 05/11 BearFla 44.06 -1.35 44.28 39.05 626K 1.2M 45.72
Buy Not Issued. A little higher intraday, but shot right back down to fail at this serious resistance level. Nice move lower, but not huge volume and we have seen this before so we held off. Need confirmation that GYMB can keep falling before we pick it up.
LUFK 05/11 BearFla 79.28 +2.03 78.48 71.73 192K 245K 78.88
Current. Not crazy about this move higher that held up decently to finish, but still under the 50 day EMA (80.01) so left it alone. Just want to see LUFK hold under this point, and if it can do that, we let it play. We have to worry if it keeps showing upside from this point however.
PBR 03/25 HdShldr 33.56 +0.68 43.22 38.38 22M 16M 34.32
Current. Opened higher, stretched up to the 10 day EMA (34.91), and then gave it up to close with a doji. Finished higher thanks to the gap up, but as it showed weakness with the move up the downside may not be over yet. So, we leave it on and see if it breaks back down for us in the next couple of days.
TSCO 05/18 Dbl Top 64.65 -1.34 66.55 61.48 622K 500K 68.54
Buy Not Issued. This is more like it. Tested higher, then sold back quickly to the 50 day EMA (64.55). Did manage to hold that support level, but starting to look weaker. Now just need to see the weakness continue before we can pick this one up.
End part 2 of 3
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