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stock prices, stock market today
Begin part 2 of 3
New plays contained in part 3.
Support and Resistance
NASDAQ: Closed at 1850.64
Resistance:
The 50 day EMA at 1869
The 50 day SMA 1872
May 2004 lows (1876 closing, 1865 intraday) may prove to be some resistance.
The March 2004 lows (1897 - 1989)
The 2004 down trendline at 1918
The 200 day SMA at 1968
Support:
The October 2002/March 2003 up trendline at 1846
The 18 day EMA at 1844
July 2003 highs at 1755
Late July 2003 top at 1735.
June 2003 intraday highs at 1686 to closing range at 1644 to 1677 (mid-July low here as well).
S&P 500: Closed at 1116.27
Resistance:
The March/April down trendline at 1119
1125 was key price support.
1142-1146 are the June highs.
The April and January highs (1150 to 1155).
1159 (February highs) and 1160 to 1175 the highs in that double top that spanned late 2001, early 2002.
Support:
The 200 day SMA at 1113
The 18 day EMA at 1104
The 50 day EMA at 1102
1096 to 1100 represent price support.
May low at 1084 (closing) to 1076 (intraday).
1080 (May and July lows).
1062 - 1058 from November 2003
Dow: Closed at 10,313.36
Resistance:
Late April, June peaks at 10,478 to 10,512
10,570 is the early April high
Price consolidation at 10,600 level
10,747 is the February high
Support:
The 200 day SMA at 10,270
The 18 day EMA at 10,170
The 50 day EMA at 10,145
The February/April down trendline at 10,060
9783 to 9793, the August lows.
9625 - 9660 from September 2003.
9500 from various price points in late summer to fall 2003.
Economic Calendar
These are consensus expectations. Our expectations will vary and are discussed in the 'Economy' section.
September 8
Consumer Credit, July (3:00): $10.9B actual versus $7.5B expected and $4.3B prior (revised from $6.6B)
September 9
Export Prices ex-ag., August (8:30): 0.6% prior
Import Prices ex-oil, August (8:30): 0.1% prior
Initial Jobless Claims, 09/04 (8:30): 345K expected and 362K prior
Wholesale Inventories, July (10:00): 0.6% expected and 1.1% prior
September 10
Trade Balance, July (8:30): -$51.6B expected and -$55.8B prior
PPI, August (8:30): 0.2% expected and 0.1% prior
Core PPI, August (8:30): 0.1% expected and 0.1% prior
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
AEOS 07/27 Flat 36.29 -0.56 31.18 36.32 1.4M 2.3M 35.89
Current. Pullback on lower, below average volume. Still in uptrend.
AGYS 08/14 Test BO 15.88 -0.4 15.16 17.84 276K 276K 15.44
Current. Pullback on lower, but above average volume. May test back to support at 15.50.
ANSS 09/02 PreSplt 44.96 -0.68 46.35 52 55K 120K 45.38
Buy Not Issued. Pullback testing the 50 day MVA intraday on rising, but still below average volume. May test back to 44.78.
APCS 08/19 Flat 7.6 -0.12 8.32 9.98 667K 2.2M 7.95
Buy Not Issued. Continue to fall below the 50 day MVA on low volume. Stock has not performed so will drop.
AVL 09/07 Cup 21.62 +0.27 21.52 24.68 364K 175K 20.97
Buy Not Issued. Gapped up at the open then gave some of it back on very strong volume. Did not enter the play because stock gapped above the buy point and then sold back all day. Would like to see stock fill the gap.
AVN 08/28 Test BO 2.83 -0.08 2.51 3.64 900K 1M 2.78
Current. Gapped down showing a doji on lower, but still above average volume. Still in uptrend.
BEAV 08/10 Test BO 11.42 +0.22 10.29 12.38 689K 600K 10.78
Current. Bounced off the 10 day MVA for a nice gain on stronger above average volume. Came off the day's high of 11.99.
BGC 08/07 Cup hdl 10.68 -0.05 10.29 12.38 159K 581K 10.68
Current. Tapped 11 at the day's high, but gave it back showing a doji on lower, below average volume. Still in the pattern.
BOL 08/26 DB hdl 67.43 +0.21 67.85 73.48 396K 578K 65.78
Current. Continue to move up the 10 day MVA on lower, but aerage volume after testing the breakout
CLE 09/01 Test BO 24.61 -0.42 25.22 28.48 538K 725K 24.72
Exited. Pullback below the 10 day MVA on lower, below average volume.
CLF 08/16 Cup hdl 71.59 +0.43 66.14 74 327K 454K 69.89
Current. Continue with uptrend on lower, but still strong volume.
CME 08/24 DB hdl 143.54 -0.71 141.15 155 702K 928K 142.97
Entered today.
CSAR 08/26 Test BO 16.68 +0.18 16.55 19.38 98K 175K 16.45
Current. Tested the 10 day MVA and rallied back showing a tight doji on lower, below average volume. Moving up after testing the breakout.
CSAR 08/16 Test BO 16.68 +0.18 15.21 17.72 98K 175K 16.45
Current.
CTSH 09/04 Cup 27.88 +0.48 28.12 38.25 1M 1.6M 27.55
Buy Not Issued. Tapped 27.17 at the low and rallied back for a nice gain on lower, below average volume. Needs to break through some resistance at 28.
CWTR 08/30 Test BO 21 -0.02 20.39 24.22 603K 400K 19.72
Current. Beginning to make a lateral move at resistance on stronger above average volume.
DKS 09/01 Rv H&S 33.1 -0.4 33.44 38.24 321K 1.1M 32.31
Current. Pullback testing the 10 day MVA intraday and rallied back on lower, below average volume. Still in good shape.
DO 08/31 Cup hdl 27.51 +0.44 25.48 29 1.4M 1.3M 26.72
Current. Nice move up the 10 day MVA on stronger above average volume.
EBAY 08/31 DB hdl 89.1 0 88.05 99.94 9.1M 14M 87.44
Current. Making a lateral move above the 10 day MVA on lower, but average volume.
ECIL 08/28 Cup hdl 6.94 -0.17 7.12 8.55 148K 450K 7.89
Buy Not Issued. Tapped 7.20 at the high, but gave it back showing a doji on the 10 day MVA on lower, below average volume. Still in good shape.
GENZ 08/24 Cup hdl 53.32 -1.13 53.43 60 2.3M 3.2M 53.55
Trailing Stop. Thudded down below the 10 day MVA on rising, but average volume.
GIVN 09/01 Flat 38.33 -0.52 37.25 42.45 102K 431K 38.25
Current. Gapped down showing a tight doji on very low volume. Routine pullback. Still in uptrend.
HANS 09/01 Cup hdl 27.11 -0.24 26.12 30 194K 550K 26.45
Current. Making a lateral move on lower, below average volume.
INSP 08/18 Cup 41.44 -0.06 38.38 43.55 1.4M 1.5M 40.38
Current. Tapped 42.75 at the high, but gave it back showing a tight doji on lower, but above average volume. Beginning to make a lateral move.
ISRG 08/09 Test BO 25.37 -0.91 22.71 26.05 583K 400K 26.59
Trailing Stop. Gapped down showing a doji on the 10 day MVA.
KMRT 08/18 Dbl btm 81.58 -2.52 80.22 92 3M 3.6M 82.65
Current. Pullback on average volume. May test back to support at 80.
LIFC 09/04 Dbl btm 9.55 +0.03 9.63 11.59 186K 450K 8.96
Current. Tapped 9.30 at the low and rallied back showing a tight doji on lower, below average volume. Making a lateral move.
LLL 09/04 Cup hdl 63.47 -0.26 64.41 72.45 502K 1.2M 62.97
Buy Not Issued. Pullback on rising, but still low volume. Still forming the handle.
LSTR 08/30 DB hdl 54.68 +0.34 53.76 59.42 190K 334K 52.22
Buy Not Issued. Continue to move up the 10 day MVA on low volume. Looking for stock to test back before we can enter the play.
MBT 08/07 Cup 141.7 -3.5 122.65 135 475K 500K 142.32
Current. Pullback on above average volume. Still in good shape.
MCIP 08/12 Test 50 17.21 -0.13 17.11 20 656K 5.1M 17.08
Current. Pullback holding the 10 day MVA on very low volume. Making a lateral move.
MDCC 08/31 Test 18 24.18 -0.26 23.93 26.95 113K 300K 23.22
Current. Pullback testing the 10 day MVA intraday on lower, below average volume. Still in good shape.
NUS 08/11 Test BO 26.65 +0.26 26.39 30.42 667K 475K 25.88
Buy Not Issued. Tested the 18 day MVA intraday and rallied back on stronger above average volume. Did not enter because would like to see more of a break away move. This volume is a good sign that stock is ready to move.
OCAS 08/31 Asc Tri 20.48 -0.37 20.12 23.12 190K 358K 20.14
Current. Pullback on much lower, below average volume holding at support. Starting a lateral move.
PHRM 08/25 Dbl btm 48.75 -1.15 49.85 57.75 316K 773K 48.98
Current. Pullback tapping 48.10 at the low and rallied back on rising, but below average volume. May test back to the 10 day MVA (48.34)
PMTI 08/23 Dbl btm 22.19 +0.69 18.44 21.95 1.2M 222K 20.69
Target Hit. Took some of the money off the table as stock moves up the 10 day MVA on very strong volume. Came off the day's high of 23.16.
POOL 09/07 Cup 44.02 -0.97 45.14 49.18 326K 300K 44.42
Current. thudded down tapping 43.52 at the intraday low and rallied back holding at support on stronger above average volume. Showed strength in coming off the day's low.
PPDI 07/24 Test BO 35.22 -0.15 34.75 40.75 276K 650K 34.05
Buy Not Issued. Continue to move up the 10 day MVA on low volume. Looking for stock to test back.
QCOM 08/31 FlyPlat 39.51 +0.18 38.82 45 16M 11M 37.59
Current. Continue with uptrend on rising, but below average volume.
QCOM 08/14 Flat 39.51 +0.18 35.42 40.48 16M 11M 37.15
Current.
RIMM 08/21 Dbl btm 64.89 -0.56 63.52 72 6.2M 10M 64.48
Current. Pullback on lower, below average volume. Still in uptrend.
RL 09/02 DB hdl 37.7 -0.35 38.47 42.78 622K 727K 37.68
Current. Pullback on stronger above average volume. Testing the breakout.
ROK 08/03 Asc Tri 39.27 +0.06 38.08 43.95 742K 1.3M 38.75
Current. Making a lateral move on lower, below average volume.
SAPE 08/09 Test BO 7.91 -0.01 7.04 8.54 1.3M 1.5M 7.48
Current. Making a lateral move on average volume.
SCSC 08/28 Test BO 63.35 +2.4 63.88 70 337K 236K 62.44
Entered today. Bounced off the 10 day MVA for an explosive move on stronger above average volume.
SKX 09/02 Asc Tri 14.2 +0.4 14.28 17 1.2M 270K 13.64
Entered today. Broke out on very strong volume, but we were disappointed in the pullback off the day's high. Still in good shape.
SNDA 07/31 Cup hdl 23.29 +0.4 19.51 23.32 831K 500K 21.87
Current. Continue to move up the 10 day MVA on stronger above average volume.
STLD 09/07 BO 34.51 +0.31 34.62 39 1.9M 750K 33.58
Entered today. Continued yesterday's move with stronger above average volume.
SYMC 08/10 DB hdl 48.95 +0.14 47.83 53.88 3.4M 7.6M 47.97
Current. Making a lateral move on lower, below average volume.
TDS 08/02 FlyPlat 79.3 -0.95 77.46 82.38 106K 265K 78.55
Current. Pullback on below average volume. Still in uptrend.
TRA 08/09 Cup hdl 7.82 -0.57 7.04 8.45 1.5M 450K 8.24
Trailing Stop. Tanked on very strong volume surge.
URBN 08/24 DB hdl 31.97 -0.43 31.36 36 654K 2.2M 31.55
Current. Gapped up at the open, but then gave it back on lower, below average volume. Managing to retain some of the gain.
UTHR 09/02 Test 18 30.75 +0.02 31.12 35.35 334K 650K 30.42
Buy Not Hit. Continue with lateral move on lower, below average volume.
WBSN 08/14 Cup hdl 38.48 -0.36 39.58 43.45 354K 735K 38.46
Current. Gapped up at the open, but gave it back holding above the 18 day MVA on lower, below average volume. Still in good shape.
WITS 08/21 Flat 14.25 +0.9 14.12 16.95 752K 459K 13.88
Buy Not Issued. Bounced off the 18 day MVA for a nice move on stronger above average volume. Still well within the buy range. If continues with the move tomorrow it is a buy.
ZBRA 08/19 Dbl btm 58.19 +0.44 56.43 60 327K 425K 57.05
Current. Tested the 10 day MVA intraday and rallied on rising, but still below average volume. Moving up on higher volume after testing the breakout.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 09/04 Put 33.87 +0.09 33.98 31.95 4.1M 4.8M 34.22
Making lateral move on low volume.
ANN 08/30 Put 23.67 -0.71 24.15 22.57 2M 1.2M 24.22
Current. Nice move down the 10 day MVA on stronger above average volume.
ATRX 08/28 Put 29.03 -0.15 29.25 27.35 199K 700K 29.33
Current. Continue to move down the 10 day MVA on low volume.
ERES 08/21 Put 18.71 -0.24 18.95 17.15 1.2M 1.5M 19.26
Entered today. Continue the move down on lower, but still good volume.
JBLU 08/28 Put 23.14 +0.07 23.94 21.75 3.9M 2M 23.68
Target Hit. Gapped down at the open hitting the target so we took our money.
POWI 09/04 Put 18.61 -0.55 18.72 17.22 1M 500K 19.21
Entered today. Nice move down the 10 day MVA on strong volume surge.
PTEK 08/26 Put 7.7 -1.19 8.58 7.28 2.9M 725K 8.98
Target Hit. Gapped down at the open hitting the target so we took our money.
PXLW 09/04 Put 8.89 -0.83 9.45 8 2.3M 1.4M 9.78
Entered today. Great move down the 10 day MVA on strong volume surge.
SVU 09/07 Put 26.71 -0.47 26.88 25.32 686K 850K 27.15
Entered today. Nice move down the 10 day MVA on rising, but below average volume.
TEK 09/07 Put 28.58 -0.22 28.55 26.75 225K 600K 28.88
Buy Not Issued. Moving down the 10 day MVA on lower, below average volume. Volume will need to increase before we will enter the play.
TEVA 08/21 Put 27.51 +0.07 27.34 25.35 4.6M 4.5M 26.88
Gapped up showing a doji on the 18 day MVA on lower, below average volume. Could not hold the day's high of 28.17. Needs to roll over here.
End part 2 of 3
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stock prices
stock market today
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