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us stock market, trade stock
Begin part 2 of 3
NOTE: PART 2 PRECEDES PART 1 THIS EVENING. THE PART 1 VIDEO MARKET & TECHNICAL SUMMARY IS AVAILABLE AT THE FOLLOWING LINK. PART 1 AND THE TRANSCRIPT WILL FOLLOW.
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The Market Summary video is DIVIDED into component parts: Market Overview, Technical Summary, Economy, and the Next Session. This allows you to choose the segments you are interested in without having to find the spot in a longer video. Click on the link to the portion you wish to view.
MARKET OVERVIEW
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TO VIEW THE TECHNICAL SUMMARY VIDEO CLICK THE FOLLOWING LINK:
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TO VIEW THE ECONOMY CLICK THE FOLLOWING LINK:
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TO VIEW THE NEXT SESSION VIDEO CLICK THE FOLLOWING LINK:
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CONTINUING PLAY TABLES
You can view the continuing play table in three different formats.
1. Text (below)
2. HTML (use the following link)
3. Spreadsheet download (use the following link)
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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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The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
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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 269.00 -1.97 138.55 149.91 26M 23M 262.88
Current. Another mild step lower Thursday, but still managing to sit nicely over the 10 day EMA (266.77), as well as the May and early June highs. The stock looks like it will be just fine settling at this level and then trying for the bounce back. With that, we leave it alone and watch what it can do.
AAPL 04/15 Test 20 269.00 -1.97 119.69 132.77 26M 25M 262.88
Current.
AKAM 05/06 Flag 44.27 -1.03 38.14 44.75 5.2M 4.5M 42.11
Current. Two days down, the nice Wednesday bounce, but slid back again Thursday. Just following the market lower on this session, and for now it is doing ok over the 10 day EMA (44.39). It does have a little room to play with though, so if it fades to the June high (43.08) and 18 day EMA (43.42) and sticks there, it is doing just fine. Seeing what it can manage now.
AKAM 04/05 Flat 44.27 -1.03 32.84 39.89 5.2M 4.5M 42.11
Current.
ARO 05/22 Test 20 29.31 -0.57 29.18 33.44 2.5M 3M 28.97
Current. Great action Wednesday as it bounced up from support, but cancelled out that move with the turn back down Thursday. Still working along the key support level from the 50 day EMA (28.89), so for now we watch to see if it can take a bounce up from there in the next few days.
ASH 06/11 Trnd Rv 51.01 -3.26 56.34 63.94 1.4M 2M 52.68
Current. Down for a couple days then showed the doji at the 50 day EMA (54.02) Wednesday. Could not hold up and stepped back again Thursday but we just hung on to it. Maybe should have closed it, but giving it a chance to bounce back from this point. If it continues lower we have to kill it, and if it starts to stall out after a bounce back, will do the same.
BIDU 06/10 Test 50 73.80 -2.39 72.46 83.94 11M 18M 71.22
Current. Gapped up to a doji Monday, and has tested back pretty nicely from there. Would have liked a smaller step back Thursday, but it did hold up at the 18 day EMA (73.55) and that pre-gap level from the Friday close. Would be nice if it can bounce from here but we will see.
CAGC 06/11 Rolling 11.49 -0.50 12.70 15.42 377K 1.4M 11.88
Current. Not the best action as CAGC took another step back with this gap down to a doji. It is holding that late May dip though, so if it bounces from this level the inverse head and shoulders could still form. Giving it the chance to bounce, but if it can't have to look at shutting it down.
CI 06/08 DB hdl 33.34 -0.61 34.44 39.91 2.5M 5M 33.91
Current. Not pretty with this fourth day down, but it did manage to hold the 200 day SMA (33.20). If it sticks to this point Friday we leave it for the bounce, but if it continues to weaken it could be in danger.
CLF 06/16 DB hdl 53.94 -2.36 58.28 69.94 4.9M 10M 54.31
Buy Not Issued. Held right at the 10 day EMA (55.53) Wednesday with the doji, but continued to slip back Thursday. Watching it for another day, but it is getting a bit long in the test now unless it can right itself. Watching for it to firm up to keep things in shape.
CMG 05/10 Flag 144.76 -2.54 138.71 158.42 561K 775K 144.54
Current. Held under the 18 day EMA (146.58) and bounced down from there Thursday. Not crazy about this move, but mild volume and still over the April and mid May highs. With that we can leave it to see if it bounces, but this is an important level to hold.
CMG 01/26 Test BO 144.76 -2.54 98.45 110.00 561K 550K 144.54
Current.
CMI 06/10 Pennant 71.36 -1.79 71.98 81.44 2.6M 4M 71.08
Current. Looked solid Wednesday, but fell with everyone else Thursday to hold up at the 18 day EMA (71.42). Not too shabby at the lighter support level but will wait and see if it can firm up any Friday. If it does start to hold up we leave it alone to give it time to bounce.
DECK 06/23 Test BO 153.18 -4.58 157.58 174.91 302K 700K 149.92
Current. A quick snap back up off the lows Wednesday, but this one bumped lower anyways Thursday. Not great, but very light volume on the move down, and it held the April gap up point for support. Can see if it will stick Friday and then start to work for us again.
DLM 06/14 Flag 14.78 -0.16 15.44 18.55 2.6M 2.2M 14.39
Buy Not Issued. Strong Wednesday action, so no problem with a little rest Thursday. Letting it test along at the 50 day EMA (14.69), then ready to scoop it up with the bounce up from this level.
DLTR 05/29 PreSplt 62.69 +0.03 60.89 67.75 1.6M 1.6M 61.89
Current. This one looked better than many others. A long intraday reach down to the 50 day EMA (61.13) and then bounced to finish with a doji. The stock has already bounced up from this support a couple in May and June, so it is just keeping up the good work. Set for the turn higher now, so seeing if it does that.
DTG 06/10 Pennant 43.76 +0.05 45.57 52.24 564K 1.7M 42.54
Buy Not Issued. Held flat Thursday, forming a doji right over the 50 day EMA (43.30). Nothing wrong with the hold at support Thursday as it is still positioned for the bounce up. We are simply waiting for the start higher to give us our cue to move in.
EMS 06/14 Test 20 53.99 -2.03 56.06 61.78 221K 388K 53.61
Current. An ugly turn lower, but volume was light as the stock hovered over our stop point. Do have to keep an eye on it, but if it can hold up in this range we leave it alone. Another day like this, however, and we have to shut it down.
FFIV 06/05 Test 50 71.98 -2.38 69.57 78.95 1.5M 1.6M 70.92
Current. Slipped like everyone else, but holding nice support levels with the 18 day EMA (71.58) and the April/May peaks. For now we just see if it can hold at this point Friday and bounce, though it does have room to work with if it fades more.
FNSR 06/23 DB hdl 15.68 -0.19 16.15 18.94 2.3M 2.2M 14.96
Buy Not Issued. Short gap back to follow the Wednesday bounce, but it held up over the 10 day EMA (15.49) with the doji. This one did try to bounce but closed off the intraday highs so will keep an eye on it. Do not normally like the Friday buy, but if it can stick an upside move we will see if it can be bought or if it leaves things ready for a move early Monday.
GLD 05/24 Test 18 121.30 +0.35 117.32 122.24 13M 38M 120.54
Current. Gold was up Thursday with the economic worries and thus GLD squirted higher. Off the much better intraday highs at the May and early June peak, but still doing just fine. This is one we can leave alone and see how it works for us the next couple of days.
GTI 06/15 Asc Bse 15.43 -0.49 17.18 20.94 684K 2.3M 15.98
Buy Not Issued. Fell again to close below the 50 day EMA. Dropping it for now but will watch it.
HNT 06/08 Cup hdl 26.66 +0.04 26.10 29.75 3.3M 2.1M 26.38
Current. Closed flat with the doji, but spiked quickly intraday to the highs from early in the week. Definitely one to keep an eye on Friday, but for now it is situated on top of the 18 day EMA (26.28) with the doji so we leave it alone.
ICE 06/21 Flag 114.52 -3.00 123.68 139.74 936K 1.4M 119.78
Buy Not Hit. ICE couldn't take the heat and it melted below the 50 day EMA. Have to drop it for now.
ILMN 05/11 ABCD Up 43.62 -0.12 42.74 47.95 770K 2M 42.74
Current. This one also down from intraday highs, but showed a doji over the 18 day EMA (43.51). Also sticking over the early June peak with this move after the gentle test back the past several sessions. Just seeing if it can keep it up at this support and if it can we let it try to start the next leg up.
IRBT 05/06 Flag 19.97 -0.79 19.22 21.94 56K 220K 20.11
Current. Looked ready to bounce up from a higher low Wednesday, but gapped down on us Thursday. Not happy about this move, but it is holding the range it needs to. Really do not want to see it get much lower, but it could take the bounce back up off the 50 day EMA (19.38). Have to decide if we want to risk letting it test that or if we just kill it with another move back.
IWM 05/24 ABCD Up 63.54 -1.03 65.48 73.95 73M 100M 64.21
Current. Turned down off the doji for the fourth day of losses, but is sticking with the 200 day SMA (63.59) now. If it can hold and bounce, great. If it continues to slip we have to watch it and decide if we want to shut it down.
JOYG 06/20 Rev HS 54.66 -0.97 56.23 63.62 2.8M 4M 53.77
Buy Not Issued. Short gap lower, but bounced off the lows to form a very sweet doji over the 50 day EMA (54.14). Very good testing still and in prime position for a bounce. Watching it closely to see if it can start up.
JPM 06/16 Rolling 38.03 -0.86 39.13 44.77 74M 50M 37.12
Current. Two days down, bounced Wednesday, then right back down Thursday. Not great with the bigger volume on the downside, but it did bounce nicely off the lows. Will see if it can hold this range Friday, then we see if it is ready to get moving again next week.
KLIC 06/23 DB hdl 7.47 -0.11 7.75 9.38 1.1M 2.5M 7.21
Buy Not Issued. Gapped and rolled Monday, and has tested nicely from there. Very controlled action and formed a tight doji at the 50 day EMA (7.41) Thursday. Looks like it has completed the handle, and now we watch for the bounce up. When it does that we start to look for our entry.
KWR 06/20 DB hdl 29.00 -0.06 28.56 34.94 143K 200K 26.72
Buy Not Issued. Tapped the 10 day EMA (28.00) on the low and then bounced modestly from there. Still not able to finish in the green, but held up nicely overall. This one is still in position for a buy if it gives any fade and can start up with solid volume. Really just being picky with the buys right now as most of the market is slumping. Still, after four days down, we may be able to get a bounce back soon so we will see.
LNCR 06/01 PreSplt 32.49 -0.03 32.13 35.95 2.4M 1M 31.20
Current. A gap down, but held the 10 day EMA (31.93) and bounced back to finish flat. A nice way to hold up at this level so leaving it for now. Will see what it can manage to finish out the week and where that leaves us heading into Monday.
LULU 06/23 Test 50 41.86 -0.12 42.57 48.94 2M 2M 39.77
Buy Not Issued. Doing just what it needs to do for right now: tapped the 50 day EMA (40.46) on the low and then snapped back to finish with a doji. Still in great shape after this side step to start higher so we are watching to see what it does Friday.
MICC 06/23 Flag 86.00 -0.21 86.48 99.89 678K 800K 83.81
Buy Not Issued. Tried to bounce, but could not stick it and the stock fell back to finish flat. Still, it is holding the 10 day EMA (85.34) as volume picks up and may be ready to move. Will keep an eye on it Friday to see if it sticks a step higher at our buy point.
NEM 04/14 Flag 58.95 -0.13 55.48 62.95 9.7M 10M 58.91
Current. Short test back the past few sessions then tried to bounce Thursday. The bounce did not stick, but NEM is still situated over the 10 day EMA (58.44) and May peak with the doji. Still a good place to bounce from, so we leave it alone and see if it can do that Friday.
NETL 06/15 Rev HS 28.36 -0.57 29.88 34.89 625K 2M 27.79
Buy Not Issued. Down for a couple days and then tried to bounce back Wednesday. Could not manage much, and then slid back down Thursday away from the 50 day EMA (28.96). Have to watch closely now to make sure it holds up ok Friday. If it can, we give it more time to work higher towards our buy point.
NETL 05/19 Dbl btm 28.36 -0.57 28.98 34.89 625K 2M 27.53
Current.
NFLX 05/11 ABCD Up 115.25 -2.52 104.89 122.00 1.9M 3.2M 115.44
Current. A soft fade Thursday as volume held well below average. Not great as it closed below the 18 day EMA (116.59), but it held up pretty decently overall. Just giving it time to firm up at this pretty important level Friday. If it holds we give it longer for a bounce, but if it continues to weaken it is in danger.
NTRI 05/17 Test BO 23.42 -0.57 22.28 28.89 319K 2M 20.69
Current. Tried to work higher for a couple of days but struggled under the May high at 24. Slid back down Thursday with the rest of the market to hold the 10 day EMA (23.12). Really pretty decent so we will give it more time to pause under the May high and then see if it takes it out with the next bounce back.
NVLS 06/23 Flag 26.81 -0.74 27.96 32.00 2.5M 4.2M 27.21
Buy Not Hit. A really nice intraday test and reversal Wednesday signaled it may be ready to move, but that was not the case. The stock just kept the testing going Thursday, though it is in check over the early June high (26.69). Watching for it to hold and bounce from this support to start up out of the flag pattern.
ORBK 06/05 DB hdl 11.45 -0.16 12.02 13.94 38K 125K 11.18
Buy Not Issued. Nice turnaround Wednesday at the 50 day EMA (11.38), then just took things easy Thursday. Bounced up from the intraday low to hold that moving average, and still in shape for the start higher. Seeing if it does that Friday, preferably with better volume, and how far it goes. Likely have to wait until early next week to buy, but will wait and see what it can do to finish out the week.
OSIS 06/01 DB hdl 29.34 -0.21 27.05 31.55 133K 275K 27.68
Current. Up early on, but faded to close with a doji. Nothing to worry about with this one, though we were looking for more after that nice bounce up from support Wednesday. Will just see if it can get going early next week after a little pause at this level.
PAY 06/11 Test 20 19.71 -0.37 21.11 23.94 1.2M 2M 19.41
Current. Tested for a few sessions then showed a nice test and bounce from support Wednesday. Was down Thursday, but still held the 50 day EMA (19.51) with the doji. With that, we give it more time to work along this support and see if it can bounce back.
PII 06/16 Flag 56.64 -1.45 59.88 71.00 343K 650K 57.48
Buy Not Hit. After a few days of testing, PII stuck nicely over the 50 day EMA (57.72) Wednesday, forming a doji. Looked ready, but it lost traction and continued to slip Thursday. Not great, but will give it another day or two to see if it can rebound. Want it to retake the 50 day, and from there we see if it can keep showing strength.
ROST 05/21 ABCD Up 55.06 -0.35 52.87 58.91 1.4M 3.2M 55.11
Current. Very similar to the Wednesday action as it formed a doji over the 50 day EMA (54.68). Still a great place to bounce from, so we watch it Friday for it to start back to the upside. If it can, we just let it run.
SAPE 06/15 Asc Tri 10.22 -0.16 10.83 12.94 731K 1.5M 10.01
Current. Still testing, getting back to the 50 day EMA (10.14) like we thought it might do. Holding up at this level like it needs to, so just leaving it to see how it bounces. With a bounce, or even just a hold, to end the week, we let it play.
SHAW 06/23 Cup hdl 35.20 -1.09 36.33 42.25 678K 1.3M 34.97
Buy Not Hit. Third day down, and now testing the 50 day EMA (35.18) support. Good support to hold, and with the deeper test we moved the buy point. Now watching what kind of reaction it gets Friday to see where it leaves us.
SNDK 05/25 Pennant 45.80 -1.07 45.45 49.89 11M 12M 45.77
Current. Slipped Thursday to give up the 18 day EMA (46.27), and now is struggling to hang on at the short gap level from last week (46.18 open). May fill that gap (44.60), but that will be support. Also have the February/May/June up trendline that will come into play around there so we will wait and see what SNDK can do if it keeps the testing in check.
SNDK 04/29 Flag 45.80 -1.07 39.14 49.94 11M 13M 45.77
Current.
SSYS 06/11 Trnd Rv 24.03 -0.66 25.44 29.94 105K 250K 23.94
Current. Have to keep an eye on this one now as it gave up the 50 day EMA (24.49) Thursday. Do not have much room to work with before hitting our stop, so want to see the bounce back over the 50 day very soon. Needs to show something Friday to keep the play in check.
TIE 06/10 BO 19.29 -0.64 19.09 21.94 3.7M 4.5M 19.22
Current. Tested again Thursday, now starting to play around with the 18 day EMA (19.01). Doing what it needs to for now, but this is the support level we want the stock to hold. Will keep an eye on it Friday to make sure it stays in check.
UA 06/06 DB hdl 35.08 -1.57 34.17 39.89 1M 1.2M 34.22
Current. Two days down, bounced Wednesday, then right back down Thursday. Still, not all bad as it bounced off the lows to hold the 18 day EMA (35.00). Just watching how it holds this support, and the support a little lower with the May highs, and then will see how it bounces.
USO 06/10 Rolling 34.39 +0.15 34.74 38.18 8M 16M 34.11
Current. Still under the 10 and 18 day EMA (34.67, 34.60), but showing life with this doji. Now, we do have to be careful with a turn lower from this point, but if it can stay firm, we give it more time as we still think oil will climb.
UTI 06/21 Rev HS 24.02 -0.06 25.31 29.95 130K 225K 23.57
Buy Not Hit. Great hold at support and then tried to bounce from there Thursday. Could not manage to stick the gains, though, and it closed back with the doji at the 50 day EMA (23.85). Nice support, but now this is where the stock should stick the bounce. Just making sure it can hold up Friday, then will look for the buy early next week.
VIT 06/11 Dbl btm 23.68 +0.15 22.08 25.95 457K 700K 21.89
Current. Showing a doji, but this one actually managed to stick a small gain Thursday. Looks good overall as it is nicely positioned over the 10 day EMA (22.92), and for now we just give it time to start bouncing.
WBMD 06/22 Flag 46.55 -0.51 47.22 54.95 168K 450K 46.44
Buy Not Hit. Small step lower to the 50 day EMA (46.35), continuing the very controlled test back. Wish they all set up so nicely. Moved the buy with this continued pullback, and still watching for it to start higher. When it does that, we perk up and look for our entry.
WBSN 06/16 Test 20 20.02 -0.96 20.78 24.11 581K 650K 19.34
Buy Not Issued. Glad we held off this one. Worked laterally for a few days but the bottom fell out of it Thursday. Dropping it but will watch to see if it sets back up.
WHR 06/20 Pennant 94.29 -3.42 104.79 118.31 1.5M 2.2M 98.44
Current. A doji under the 50 day EMA (98.77) Wednesday, and went ahead and continued lower on us Thursday. Not great, but now it is right over those may and early June lows at 92ish. That is a firm support level that could bounce it, but have to decide if we want to let them get that low. This is one that needs to show strength very soon, and will need to watch it carefully Friday.
WRLD 05/20 ABCD Up 39.41 -0.57 37.18 44.89 269K 500K 37.09
Current. A small step back like we thought it might take, this move just continuing the lateral action under the April high at 40. It can spend a few more sessions at this level, then we see if it starts to bump higher off of the rising 10 day EMA (38.72).
WYNN 06/23 Test BO 86.03 +0.26 86.91 99.95 3.9M 4M 81.69
Buy Not Issued. Showed nice relative strength but closed well off the highs so we weren't buying it. Waiting to see how it fares Friday, and if it can keep showing strength. Likely it checks back a little, but with a firm bounce off the lows we can still look at playing it.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CVS 06/14 BearFla 30.79 -0.64 31.73 27.71 13M 12M 33.12
A pretty quick snap lower Thursday, not giving any test back before the fall. It very well could just continue to the downside, but we will keep our eyes peeled for any start back up that fizzles out.
CVS 05/29 BearFla 30.79 -0.64 33.80 30.65 13M 12M 31.64
Current.
DIA 06/14 Rollove 101.56 -1.43 103.09 98.11 13M 17M 103.14
Current. Bounced off the lows Wednesday to form a doji so it was a little worrying. Gapped down and fell nicely though Thursday, holding very near session lows. Glad we left it on and now we see if it can continue. If it does, great. If it firms up, we still have to keep an eye on it.
HAL 06/14 BearFla 25.21 -0.57 25.54 21.24 12M 24M 27.31
Buy Not Issued. Sold further but light trade and not much downside. After three prior downside days decided to wait for the next modest bounce to move in. Do have the 10 and 18 day EMA (25.61, 25.54) overhead so it could fail there. Also have the 50 day EMA (27.00) a little higher so just looking for it to fail in that range and then we play the break back down.
PCLN 05/29 BearFla 185.11 -3.14 189.64 177.65 1.2M 1.9M 183.54
Current. Good. A step back that held right at session lows. This is what we wanted to see after the two lateral steps the stock had taken, forming doji over some support. Now we see if it can keep falling to get this one back on track. Though with the lighter volume downside we will watch it Friday.
SPY 06/21 Rollove 107.42 -1.81 109.89 106.00 268M 28M 109.31
Current. Bounced off the lows to form a doji Wednesday, but continued to fall on us Thursday. Like this action, and another day down like this hits our initial target so keep that in mind as well. Watching it closely to see if we can do anything with it Friday.
TEX 05/29 HdShldr 20.39 -0.81 20.81 17.44 1.8M 2.7M 20.82
Bounced off the lows the previous session to form a doji, hinting that it may be ready to bounce back. Not the case, and TEX took another step lower Friday. Finished at session lows, and just watching it for now as it looks set to continue to the downside.
End part 2 of 3
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