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Begin part 3 of 3
WATCHLIST/ CONTINUING: This week the summary table breaks out the upside and downside plays into different sections labeled accordingly.
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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^OEX 11/06 A Wedge 63.59 -3.14 523.15 545 454K 650K 518.55
Current. Stalled out at the early October high and finished
lower, but on very low, below average trade.
ABMD 10/06 Test BO 8.3 -0.29 9.12 10.95 75K 175K 8.48
Buy Not Issued. Broke down from the lateral consolidation. Dropping
for now.
ACN 09/24 Test 50 25.05 +0.65 22.62 27.15 2.7M 3.4M 22.71
Current. Surging up out of the 7 week base now even though volume
has not rallied. No problem. We will let it move now
that we are in.
ADVP 10/25 A Wedge 51.04 -0.67 49.59 59.38 677K 3.1M 49.68
Current. Sitting on the 10 day MVA as it moves laterally after
the breakout attempt stalled. May see a shakeout here,
but not going to let it fade much on us.
AMX 11/03 Flat 26 +0.72 25.92 30.55 1.8M 1.9M 24.98
Current. Solid break higher after short lateral move early in
the week.
AMXC 11/05 Cup hdl 6.35 -0.25 6.27 8.12 169K 151K 5.92
Current. Strong move Thursday was partially given back Friday.
Needs to hold the breakout.
ARIA 11/01 A Wedge 7.39 -0.05 7.56 8.98 336K 694K 6.96
Current. Still in a nice lateral move over the 10 day, holding
its gains as it readies for the next leg higher. Good
action.
ARIA 09/11 Test BO 7.39 -0.05 5.08 6.28 336K 600K 6.96
Current.
ASL 10/21 Cup hdl 11.47 +0.47 11.62 14.22 633K 1.3M 10.81
Buy Not Issued. Solid move off the 50 day Friday, and looks ready to
make a run at the breakout.
ASML 10/27 Rv H&S 18.56 -0.35 16.78 19.55 3.6M 6.1M 17.62
Current. Solid surge up the 10 day MVA after its breakout. May
come back to test toward the 10 day, but looking solid,
moving on solid upside volume.
BRCM 10/04 Cup hdl 36.05 +0.78 29.91 35.88 13M 20M 33.05
Target Hit. Solid week and rallied Friday as market reversed. Cisco
purchases will help BRCM in the comming year. Took
half of the gain, let the rest run.
BRLI 10/20 Cup hdl 16.75 -0.23 13.45 16.22 164K 212K 16.12
Current. Testing back to the 10 day MVA after a strong surge
allowed us to book some gain. Want to see the rebound
from this level.
CAI 11/09 Test BO 49.89 +0.03 50.88 51 327K 581K 49.08
Buy Not Hit.
CASY 11/06 Rv H&S 16.15 +0.05 16.26 20 130K 200K 15.35
Buy Not Hit. Gapped higher but on lower volume so stayed away Friday
and will see if it tests 16 again and then shows some
stronger trade.
CELL 07/21 Cup hdl 26.89 +0.32 12.83 15.51 969K 225K 25.92
Current. Hammer doji right on the 18 day MVA indicates the pullback
could be over. A logical place for it to turn back up.
CKSW 10/25 Test BO 3.5 -0.02 3.61 4.58 295K 300K 3.22
Current. Solid break higher last week then held the gains at
the end of the week as it moved laterally.
CORI 10/27 Test BO 6.97 +0.17 6.25 7.85 2.3M 550K 6.08
Current. Tried to make the next move Friday, a breakout from
a short ascending triangle, but gave it back. Still
looks ready.
CPHD 11/05 A Wedge 5.9 0 6.15 7.52 792K 338K 5.52
Current. Was moving well on strong volume, but then reversed
with the market and closed lower.
CRA 10/28 Cup hdl 13.66 +0.39 13.62 16.35 501K 747K 12.58
Buy Not Issued. Was up Friday, but volume was below average. Some wild
volume action the past two sessions so we decided to
wait on this one.
CTEL 11/09 A Wedge 9.55 +1.02 9.62 11.62 522K 128K 8.95
Buy Not Hit.
CY 09/22 FlyPlat 22.84 -0.22 19.75 23.65 7.1M 3.8M 21.98
Target Hit. Took some option gain as CY appeared to peak out on
the current move and looks to test toward the 10 day MVA.
EFII 09/15 FlyPlat 26.66 +0.07 24.25 29.15 777K 677K 26.33
Current. Has come back to test the 18 day MVA, holding that
level with a doji. Good test, and now needs to rally
once again.
EGHT 10/30 Cup 3.15 +0.69 2.15 2.91 3.9M 823K 2.72
Target Hit. What a surge on Friday as volume shot to an extreme
level. Took some gain, let half run.
EGOV 10/07 Test BO 6.97 +0.64 5.07 6.35 1.9M 264K 6.44
Current.
EMBT 10/06 Flat 14.25 +0.34 11.24 13.38 1.7M 350K 13.12
Current.
EMBT 07/26 Cup hdl 14.25 +0.34 9.33 11.12 1.7M 400K 13.12
Current. An explosive volume move higher, jumping off of the
10 day MVA. Nice.
EVCI 10/20 Cup hdl 4.78 -0.37 3.4 4.38 88K 125K 4.44
Current. Nice rally up the 10 day MVA, then gave back a chunk
Friday but on very light volume.
FALC 10/30 Cup hdl 8.14 -0.45 8.04 9.65 310K 230K 7.72
Current. Excellent surge through Thursday on nice volume, then
gave some back Friday as it comes back some to test
the move.
FCFS 10/27 A Wedge 26.16 +0.08 25.6 30.62 119K 250K 25.24
Current.
GBN 10/22 Cup 2.07 +0.04 1.86 2.42 659K 300K 1.89
Current. Big gap lower, but then a furious rally to close positive.
GISX 10/25 Cup hdl 29.27 +0.77 27.88 33.32 155K 302K 28.32
Current. Nice rebound up off the 10 day MVA test, the first
one after the breakout and just what you want to see.
Just wanted to show more volume.
IDTI 10/29 Rv H&S 17.6 +0.65 16.45 19.75 3.7M 3.3M 16.26
Current. Nice break higher to end the week, rallying well off
the 10 day MVA.
IFLO 09/22 Test BO 15.15 +0.18 11.29 13.55 166K 375K 14.12
Current. Continuing the very nice move up the 10 day MVA.
IFLO 09/09 Flat 15.15 +0.18 9.62 11.52 166K 426K 14.12
Current.
IFX 11/09 A Wedge 15.7 +0.5 15.88 19 1.9M 1.3M 14.82
Buy Not Hit.
ILXO 10/28 Dbl btm 21.43 -0.06 22.42 26.82 226K 692K 20.94
Buy Not Issued. Forming a nice handle here to its base, and if it can
provide the breakout on volume it will be a buy.
INGP 11/01 Cup hdl 6.51 -0.14 6.74 8.32 591K 903K 6.27
Current. Great break higher Thursday and then took a breather
Friday as the market sold.
JBL 11/04 DB hdl 31.15 +0.22 30.65 36.78 1.8M 2.2M 29.32
Current. Storng move last week.
LENS 10/29 A Wedge 10.53 +0.53 13.17 15.78 1.8M 750K 12.18
Current. Managed to start a rebound on some decent volume.
Again, looking for a move up near 11.50 at the 50 day
and then see what happens there.
LNUX 11/06 A Wedge 5.15 +0.03 5.55 7.24 4.9M 3M 4.95
Current. Excellent surge higher, but then gave it back to close
flat. Still a good pattern, but hate to see it give
up a solid volume move higher.
MANU 10/11 Test BO 7.74 +0.15 6.77 8.15 2.1M 1.4M 6.43
Target Hit. Took some gain as it shot higher. It then reversed
and gave up most of the gain on volume.
MCHP 10/21 Rv H&S 34.42 -0.37 30.5 34.75 2.6M 4M 32.55
Current. Still working up the 10 day MVA even though it finished
the session lower Friday.
MER 10/06 Flat 59.42 -0.44 58.6 67.25 3.9M 6.5M 58
Current. Failed to get over 60 last week and moving to test
the 10 day MVA.
MVSN 11/09 Cup hdl 22.58 +0.03 23.08 27.69 410K 891K 21.99
Buy Not Hit.
NEOF 11/03 A Wedge 16.2 +0.15 16.58 19.95 26K 151K 15.42
Buy Not Hit. Still working on a nice handle to the base.
NSCN 11/05 DB hdl 25.76 -0.5 27.12 32.55 1.4M 2.9M 25.22
Buy Not Issued. Testing the 10 day MVA, holding over the hump in the
middle of the pattern as it forms a nice handle.
NUFO 09/29 Cup hdl 4.89 -0.15 4.82 5.95 320K 1.2M 4.98
Exited. Continued to sell after the breach of the 18 day MVA.
NXG 10/15 Cup 1.97 +0.06 1.89 2.48 1.4M 684K 1.92
Current. Gapped sharply lower, sold further, and then rallied
furiously on rising volume to retake the 18 day on
teh close.
PBY 10/23 Cup hdl 20.1 +0.15 19 22.88 637K 932K 19.22
Current. Not spectacular, but a steady move up the 10 day MVA.
PLUM 11/09 A Wedge 5.47 -0.03 5.78 7.52 221K 230K 5.38
Buy Not Hit.
PLXS 11/03 DB hdl 19.52 +0.23 19.06 22.75 454K 528K 18.23
Current. Nice breakout and run last week, continuing the momentum
Friday.
QCOM 11/05 Test BO 48.04 +1.38 48.12 57.25 14M 14M 45.72
Buy Not Hit. Nice volume move off the breakout test when much of
the market was selling back.
RBK 09/24 DB hdl 40 +0.17 34.46 41.35 642K 1.1M 39.05
RETK 10/06 A Wedge 11.07 -0.05 8.49 10.25 742K 776K 10.37
Current. Still moving up the 10 day MVA last week with a solid
move. Took a breather Friday on lower volume.
SCKT 11/03 Cup hdl 3.63 -0.16 3.61 4.55 390K 526K 3.36
Current. Blasted out of a nnice pattern and then spent the last
part of the week testing on lower volume. Looks to
test the 10 day MVA.
SCMR 11/04 A Wedge 6.04 +0.19 5.39 6.72 5.8M 3M 5.49
Current. Super move on the CSCO earnings and just kept on running
through Friday.
SOHU 10/24 Dbl btm 34.5 +1.21 37.69 45 4M 9M 34.85
Current. Rallied back up to the 50 day MVA. Needs to break
back over 35.
SVNT 10/18 Test BO 5.98 -0.02 6.38 7.98 326K 678K 5.93
Buy Not Hit. Hanging in there at the 18 day MVA with a tight doji.
Waiting, waiting, waiting.
TARO 10/08 Cup hdl 67.35 -0.15 61.51 73 126K 501K 65.32
Current. Nice week as it still worked higher up the 10 day MVA.
TEO 10/27 Cup hdl 8.28 -0.07 7.26 9 729K 511K 7.82
Current. Continuing the very nice breakout run up the 10 day
MVA on strong trade. Took a breather to end the week
and may need a test toward 8 before continuing the move.
TRPH 11/01 A Wedge 5.24 +0.14 5.31 6.62 1M 1.8M 4.85
Current. Unable to hold the breakout move though it did find
support at the 10 day MVA. Going to have to make the
move over 5.50 on rising trade this week.
TZA 07/31 Cup hdl 8.64 0 7.1 8.72 674K 579K 8.16
Current. Nice volume surge Thursday and a breather Friday as
the market sold back. Not bad action and we took part
of the gain.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAI 11/01 H&S 16.11 -0.31 16.04 14 2.4M 250K 16.62
Buy Not Issued. Volume surged back up to average as AAI slipped just
below the 50 day. It may be losing the fight but needs
make a clearer break lower.
ASCA 11/01 Put 20.61 +0.02 20.27 18.85 175K 185K 21.25
Current. Bounced off 20 late in teh week, but upside volume
was very low & we expect it to resume the move from
here or slightly higher.
PIXR 10/14 Put 71.69 +1.53 68.44 65 893K 600K 69.15
Found strength when it found Nemo. Dropping the put play.
Good Investing!
Jon L. Johnson and your Technical Traders Report Team
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 in 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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