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us stock market, stock recommendation
Begin part 3 of 3
CONTINUING/WATCHLIST:
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; 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; DWedge=Descending triangle/wedge; 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.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^SOXX 09/22 Put 424.7 -7.21 443.61 425 171K 0 449.25
Target Hit. Dropped to the 50 day MVA and we took our gain. We expect the index to bounce from here, but the selling is most likely not over, so we will look for new entry points after it makes a bounce up off this level.
AGRB 08/28 Rv H&S 2.81 0 3.02 3.95 1.9M 6.7M 2.96
AMI 09/23 A Wedge 16.4 -1.04 18.65 22.15 630K 385K 16.25
Current. Wild action, testing way down to support at 15 before a furious rebound to hold the 50 day. Not a pretty reversal of the breakout, but given the recovery we let it run.
AMZN 05/03 BO 48.56 -1.49 30.3 35.45 13M 12M 46.65
Current. Tested the 10 day MVA to rebound and close down just above the 10 day MVA on higher, above average volume. Still in solid shape given the overall market.
ASTM 09/22 Cup hdl 1.53 +0.03 1.86 2.38 1.4M 4.1M 1.64
Buy Not Hit. Still trying to make the break but has become a bit volatile. Holding the 18 day MVA but we will see if it can recover.
AUDC 09/06 Test BO 7.27 -0.19 7.75 9.68 231K 461K 7.38
Buy Not Issued. Has sold back toward the buy point in the market selling, holding at support at 7. WE will see if it can form back up and deliver another break higher.
BDY 07/16 Test BO 25 -3.65 19.58 23.25 1.2M 376K 28.85
Current. Gapped way down at the open to the 50 day MVA on strong volume. The gap down gave us little choice but to see if to see if we get a rebound this week.
CYPB 09/24 Test 18 8.35 +0.15 8.42 10.55 237K 294K 7.78
Buy Not Issued. Continued to move laterally over the 10 day MVA and 8. Holding up very well in the selling and looking for a breakout this week.
CYTO 09/13 Cup hdl 12.61 -0.35 11.14 13.32 162K 463K 11.48
Current. Gapped down at the open to move down on lower, slightly above average volume. Tapped 13.19 at the day's high but could not hold the gain. Still holding up very well give the market.
DIS 08/09 Test 50 20.08 -0.23 22.06 26.48 7.9M 9M 21.12
DRIV 08/25 Cup hdl 25.92 -2.1 25.75 30.25 988K 1.7M 25.44
Current. Thudded to the 50 day MVA and closed at that level. Volume picked up as it held, and we will see if it can rally in relief this week for a better exit point.
DRIV 08/06 Test 50 25.92 -2.1 24.18 27.48 988K 1.7M 25.44
Current.
EBAY 12/12 Test 18 54.22 -1.24 34.72 46 7.7M 12M 53.02
Current. Tested below the 18 day MVA to rebound and close slightly under the 18 day MVA on lower, below average volume. Tapped 55.78 at the day's high, but could not hold the gain.
EBAY 10/15 Test 50 54.22 -1.24 31.22 46 7.7M 12M 53.02
Current.
EGOV 09/20 Cup hdl 4.88 -0.02 4.8 5.68 707K 264K 4.26
Current. Volatile session with 5.05 at the day's high and 4.50 at the day's low. Nice recovery on continued solid volume.
GLFD 09/09 Cup hdl 6.03 -0.54 6.35 7.85 612K 800K 6.54
Exited. Fell well below the 18 day MVA on higher volume, so exited the play.
IMCO 09/18 Test BO 7.2 -1.02 8.45 10.45 469K 225K 6.96
Current. Sold hard to the 50 day MVA, managing to recoup some losses. The action changed the character of the play, and if it cannot recover near 8 early this week we will sell it.
IRM 09/10 Put 35.98 -0.28 34.55 32 323K 500K 35.55
Current. Again struggled at the 200 day MVA, showing lower, below average volume after rallying back to that level. Want to see it break the 18 day this week.
ISIL 09/24 Put 24.5 -0.89 25.42 23 1.9M 3M 26.04
Current. Nice move down on lower, below average volume.
LPNT 08/09 Rv H&S 24.07 -0.03 29.06 35 555K 1.3M 27.03
Buy Not Issued. Tested below the 200 day MVA to rally and close holding the 200 day MVA forming a doji on slightly lower, below average volume.
LRCX 09/25 Put 22.81 +0.14 22.42 20 3M 2M 23.75
Buy Not Hit. Gapped over the 50 day but rolled over on high volume. Did not hit the buy, but the close below the 50 day on high volume sets up the downside move.
LUV 09/11 Cup hdl 17.61 -0.26 18.54 22.25 1.7M 3.7M 17.44
Current. Gapped down and sold to the 50 day on lower volume. Looking for relief bounce this week.
MROI 08/27 Cup hdl 14.1 -0.21 14.3 17.15 154K 163K 14.06
Current. Tested below the 18 day MVA to rally and close down, just under the 18 day MVA on higher, above average volume.
MRVC 09/11 Test 18 2.55 -0.2 2.81 3.68 1.9M 1.3M 2.46
Current. Fell again but held the 50 day MVA and we are looking for a relief bounce for a better exit point.
MRVC 09/03 Cup 2.55 -0.2 2.65 3.68 1.9M 1M 2.46
Current.
NEOF 08/25 Rv H&S 14.23 -1.17 14.22 16.97 147K 106K 14.05
Current. Dumped hard to the 50 day MVA. Looking for a relief bounce for a better exit point.
NERX 09/16 Cup hdl 4.96 +0.02 4.05 5.12 318K 156K 4.74
Current. Held the 10 day MVA on a continued lower volume test. Looks ready to bounce from here.
NVAX 09/03 DB hdl 7.3 -0.09 6.75 8.39 165K 302K 7.02
Current. Continues to consolidate laterally over the 10 day MVA after the breakout to start the month. Market holding up well given the market.
NXTL 09/17 Cup hdl 19.32 -0.45 20.64 24.75 16M 24M 18.96
Current. Still holding on near the 18 day MVA on lower volume as it tries to reform the handle after the breakout attempt early in the week.
ORCC 09/22 Test BO 7.25 -0.05 7.68 9.05 58K 165K 6.96
Buy Not Hit.
ORCC 09/15 Cup hdl 7.25 -0.05 6.99 8.81 58K 165K 6.82
Current. Continued the lateral move over the 10 day MVA as it forms the new handle to a very nice looking pattern. Despite the selling it held up fine.
PTN 09/09 Rv H&S 4.21 -0.25 4.15 5.25 208K 329K 4.29
Exited. Dropped below the 18 day MVA on lower, but above average volume, so exited the play.
QCOM 08/21 DB hdl 41.65 -1.24 40.52 48.65 10M 12M 43.32
Exited. Fell below the 18 day MVA on so exited the play.
QRSI 08/20 Cup hdl 8.78 -0.38 8.6 10.72 153K 184K 8.68
Current. Huge drop intraday to test the 50 day MVA but made a furious recovery back to the 18 day MVA as volume surged. Given the recovery we let it run.
SBUX 07/30 Cup 29.57 -0.41 30.35 36.75 4M 6M 28.92
Current. Gapped down but held the 10 day MVA on the close as volume backed off. Still in good shape.
SBUX 07/01 Cup 29.57 -0.41 26.3 30.94 4M 6M 28.92
Current.
SCMR 09/18 Test BO 4.51 -0.19 5.22 6.55 2.1M 2M 4.79
Buy Not Hit. Fell on higher volume below the 18 day MVA. The stock has not made the move we are looking for so will drop for now, but will keep our eye on it.
SINA 09/09 Cup 33.68 -5.24 36.15 41 23M 12M 33.12
Current. Thudded lower fast to the 50 day MVA but held that level so we are waiting to see if it will rebound.
SINA 08/18 Test 50 33.68 -5.24 32.2 38.25 23M 10M 33.12
Current.
SPRT 08/28 A Wedge 10.8 -0.3 10.28 12.35 664K 910K 10.06
Current. Continued to test the breakout, holding the 10 day MVA on lower, average volume.
SSYS 09/02 BO 42.96 -6.91 47 56 1.4M 629K 44.76
Exited. Tanked to close well below the 18 day MVA on much higher, above average volume, so we exited the play.
SWIR 09/08 Test BO 13.35 -0.44 12.29 14.65 445K 425K 12.25
Current. Continued the breakout test, holding the 10 day MVA on much lower, average volume.
TGT 08/09 Flat 38.25 -0.86 41.45 50 3.9M 5.7M 38.74
TLCV 09/23 Cup hdl 6.35 -0.17 7.08 8.54 596K 1.1M 6.32
Buy Not Hit. Tested the simple 50 day MVA intraday and recovered to hold the 10 day on slightly higher but still below average volume. Still in a nice handle to the pattern.
TSCO 07/29 Test BO 34.99 -1.35 28.06 31.44 663K 494K 33.94
Current. Broke below the 18 day MVA and closed below that level for the first time since breaking higher on this last run in August. Volume was higher. Want it to hold at price support at 34.
TSCO 06/03 Rv H&S 34.99 -1.35 23.42 27.62 663K 603K 33.94
Current.
TSCO 04/24 Cup hdl 34.99 -1.35 21.88 26 663K 603K 33.94
Current.
TSCO 04/03 Rv H&S 34.99 -1.35 19.3 22.19 663K 577K 33.94
Current.
TXCC 09/20 Test 18 2.33 -0.26 2.74 3.54 1.6M 2.8M 2.48
Exited. Gapped up at the open to move down and close under the 18 day MVA on lower, but above average volume, so we exited the play.
UNTD 07/12 Test BO 35.15 -4.1 28.8 34.12 2.9M 2.1M 34.95
Current. Sold hard to the 50 day MVA on high volume but held it on the close. Some of that volume was buying it at that level. We will see if it can rebound after this test.
UNTD 05/29 Flat 35.15 -4.1 23.45 28 2.9M 2M 34.95
Current.
UPC 09/20 Flat 31.54 -0.25 33.36 38.35 400K 806K 32.32
Buy Not Hit. Gapped down at the open to move further down on lower, below average volume. The stock has not made the move we are looking for so will drop for now, but will keep our eye on it.
VSV 09/25 Test BO 5.89 -0.33 6.42 8 84K 300K 5.71
Buy Not Hit. Low volume as it tested the 10 day MVA on the low and recovered some of the losses. Still solid in the pattern.
WMGI 09/10 Flat 24.64 -0.21 26.04 31.25 117K 400K 24.68
Buy Not Issued. Gapped down to test the 50 day MVA, showing a doji at that level. May indicate it is ready to bounce back up. Still in the pattern.
YHOO 09/22 Test BO 35.08 -1.45 37.95 45.25 12M 15M 33.88
Current. Sold to close below the 18 day MVA on lower though still above average volume. Price support at 34 we want to hold.
YHOO 09/04 Rv H&S 35.08 -1.45 34.9 42 12M 20M 33.94
Current.
Good Investing!
Jon L. Johnson and The Daily Staff
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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