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stock market today, stock market investment
Begin part 2 of 3
NOTE: Part 3 plays will be emailed later this evening.
Support and Resistance
NASDAQ: Closed at 1910.09
Resistance:
The 2004 down trendline at 1914
The 200 day SMA at 1967
Support:
1894 is the gap up point this week.
The 50 day EMA at 1877
The 18 day EMA at 1875
The 50 day SMA 1859
The October 2002/March 2003 up trendline at 1857
July 2003 highs at 1755
S&P 500: Closed at 1128.55
Resistance:
1125 was key price support and was cracked again Friday, but still has not let go.
1130 is proving to be some resistance.
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 March/April down trendline at 1117
The 200 day SMA at 1116
The 18 day EMA at 1115
The 50 day EMA at 1108
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 10,284.46
Resistance:
The 200 day SMA at 10,290
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 18 day EMA at 10,230
The 50 day EMA at 10,179
9783 to 9793, the August lows.
Economic Calendar
These are consensus expectations. Our expectations will vary and are discussed in the 'Economy' section.
September 21
Housing Starts, August (8:30): 1930K expected and 1978K prior
Building Permits, August (8:30): 1980K expected and 2066K prior
FOMC Meeting (2:15): Expecting a 25 basis point hike with no change in bias.
September 23
Initial Jobless Claims, 9/18 (8:30): 338K expected and 333K prior
Leading Economic Indicators, August (10:00): -0.2% expected and -0.3% prior
September 24
Durable Goods Orders, August (8:30): -0.3% expected and 1.6% prior
Existing Home Sales, August (10:00): 6.60M expected and 6.72M prior
CONTINUING PLAYS
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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 09/14 Test BO 37.14 +0.79 36.32 42 9.2M 8.5M 36.35
Current. Continue with uptrend on strong volume.
AH 09/08 DB hdl 38.85 -0.15 38.89 44.12 700K 1M 37.97
Current. Gapped up at the open, but gave it back tapping 38.55 at the intraday low on lower, but still above average volume. May test back to support at 38.
AVL 09/07 Cup 21.22 -0.17 21.59 24.68 114K 175K 20.97
Current. Pullback tapping 21.05 at the low and rallied back holding above the 10 day MVA on lower, below average volume. Testing the breakout. May test back to the 10 day MVA.
BEAV 08/10 Test BO 11.16 -0.43 10.29 12.38 338K 600K 11.07
Current. Thudded down tapping 11.01 at the low and rallied back holding the 18 day MVA on rising, but below average volume.
BEN 09/11 Cup hdl 54.88 -0.61 55.24 60 702K 1M 53.97
Buy Not Issued. Pullback testing the 10 day MVA intraday and rallied back holding at support on rising, but average volume. May test back to 54.65.
BGC 08/07 Cup hdl 10.75 -0.14 10.29 12.38 207K 581K 10.68
Current. Pullback testing the 18 day MVA intraday and rallied back on lower, below average volume. Still in good shape.
BYD 09/14 Dbl btm 27.63 -0.06 27.69 31.55 501K 500K 27.15
Current. Gapped up at the open, but gave it back testing the 10 day MVA intraday. Making a lateral move.
CHTT 08/27 Cup 32.51 -0.23 30.35 34.72 387K 258K 31.84
Current. Gapped up at the open, but gave it back testing the 10 day MVA intraday and rallied back on very strong volume surge. Still in good shape.
CTV 08/26 DB hdl 21.84 -0.12 21.45 24.72 551K 994K 21.41
Current. Pullback on lower, but average volume. Making a lateral move.
CWTR 08/30 Test BO 21.31 -0.33 20.39 24.22 209K 400K 20.48
Current. Tapped 22.16 at the high, but gave it back on lower, below average volume. Still in uptrend.
CYTC 09/16 Flat 24.19 +0.01 24.74 29 664K 1.7M 23.75
Buy Not Hit. Making a lateral move on rising, but below average volume.
DECK 08/18 Asc Tri 34.76 +0.38 31.54 36.55 408K 550K 33.35
Current. Continue with uptrend showing a tight doji on rising, but average volume.
DKS 09/01 Rv H&S 35.73 +0.15 33.44 38.24 438K 1.1M 34.72
Current. Continue with uptrend on lower, below average volume.
DO 08/31 Cup hdl 30.6 +0.57 25.48 29 3M 1.3M 29.87
Current. Gapped up at the open for a nice gain showing a doji on very strong volume surge.
DOVP 08/28 Cup hdl 16.21 +0.04 16.22 19 111K 447K 15.89
Buy Not Issued. Making a lateral move testing the 10 day MVA intraday on lower, below average volume.
EBAY 08/31 DB hdl 93.1 +0.77 88.05 99.94 13M 14M 93.25
Current. Tapped 90.85 at the low and rallied back on lower, but still above average volume. Still in good shape.
EBAY 03/06 Flat 93.1 +0.77 71.78 82.25 13M 10M 92.48
Current.
EBAY 12/12 Test 18 93.1 +0.77 34.72 46 13M 12M 89.55
Current.
EBAY 10/15 Test 50 93.1 +0.77 31.22 46 13M 12M 89.55
Current.
ECIL 08/28 Cup hdl 6.94 -0.12 7.38 8.88 99K 450K 6.86
Buy Not Issued. Ease back tapping 6.85 at the low and rallied back holding the 18 day MVA on rising, but very low volume. Needs to hold here.
ECL 09/13 Cup hdl 31.29 +0.55 31.14 35.12 982K 894K 30.58
Entered today. Gapped up at the open and continued to rally on excellent volume surge.
ELGX 08/26 Cup hdl 6.79 -0.01 6.54 7.84 133K 120K 6.48
Current. Pullback on much lower, but above average volume. Still in uptrend.
EXPD 08/24 DB hdl 50.92 +0.68 50.92 57.45 1.4M 850K 49.98
Entered today. Broke out of the lateral move on excellent volume surge.
FHRX 09/15 Cup hdl 19.43 -0.09 19.43 23 445K 561K 18.62
Current. Gapped up at the open, but gave it back on slightly above average volume. Making a lateral move.
IDEV 08/30 DB hdl 7.73 -0.04 7.36 8.85 572K 1.2M 7.48
Current. Making a lateral move on lower, but average volume retaining the gain.
IGL 08/02 Cup hdl 16.74 +0.29 14.12 16.88 1.1M 1.6M 16.15
Current. Tested the 10 day MVA intraday and rallied back for a nice gain showing a tight doji on much stronger above average volume.
INSP 08/18 Cup 44.39 +0.93 38.38 43.55 845K 1.5M 43.22
Current. Tapped 42.75 at the low and rallied back for a nice gain on lower, below average volume.
JNPR 09/01 Dbl btm 24.14 -0.2 23.42 26.62 7.9M 12M 23.97
Current. Pullback testing the 10 day MVA and rallied back on rising, but below average volume. Testing the breakout. May test back to 24.
LEG 07/29 Flat 27.5 -0.36 28.59 32 741K 900K 27.97
Exited. Thudded down below the 18 day MVA on stronger above average volume.
LIZ 08/31 Test BO 38.45 +0.12 39.14 43.25 902K 881K 38.38
Tapped 37.74 at the low and rallied back showing a doji on very strong volume surge. Doji may indicate a change in pattern.
LLL 09/04 Cup hdl 65.55 +0.85 64.41 72.45 619K 1.2M 62.97
Buy Not Issued. Gapped up at the open and rallied back for a nice gain on average volume. Have not entered the play, because volume was not there. Will drop for now, but and let it stock test back.
LSS 09/08 Cup hdl 35.3 +0.6 34 39 517K 759K 34.74
Current. Break out of the lateral move for a nice gain on much stronger, but average volume.
MSSN 09/15 Cup hdl 5.8 -0.32 6.06 7.32 234K 538K 5.72
Buy Not Issued. Ease back on rising, but below average volume. May test back to support at 5.75
NUS 08/11 Test BO 26.14 -0.46 27.05 31 323K 475K 26.38
Buy Not Issued. Gapped up at the open, but then reversed on rising, but still below average volume. Holding below the 18 day MVA. Will drop the stock for now, but will keep our eye on it.
OCAS 08/31 Asc Tri 20.21 -0.49 20.12 23.12 574K 358K 20.32
Trailing Stop. Tanked below the 18 day MVA on stronger above average volume.
PETC 09/13 FlyPlat 33.72 -0.44 34.88 40 289K 800K 33.97
Current. Tapped 34.65 at the high, but gave it back holding below the 10 day MVA on rising, but below average volume. Testing the breakout. May test back to 33.63.
PETD 08/31 Rv H&S 35.51 -0.21 33.39 37.35 215K 383K 34.98
Current. Tapped 37.01 at the high, but gave it back showing a tight doji on rising, but below average volume. Making a lateral move.
PMTC 09/01 DB hdl 4.95 -0.2 5.22 6.35 1.8M 1.9M 4.88
Buy Not Issued. Tapped 5.35 at the high, but reversed on strong volume surge. The stock has not performed so will drop.
PNK 09/14 DB hdl 13.76 -0.1 14.48 17.38 274K 450K 13.89
Buy Not Hit. Gapped up at the open, but gave it back tapping 13.52 at the low and rallied back on stronger above average volume. Needs to break through some resistance at 14.
PPDI 07/24 Test BO 35.38 +0.39 35.72 41.74 212K 650K 34.65
Buy Not Issued. Tapped 34.83 at the low and rallied back on lower, below average volume. In good shape.
QCOM 08/31 FlyPlat 38.83 -1.57 38.82 45 51M 11M 38.88
Current. Big gap down at the open and made a fierce rally on very strong volume surge holding just below the 18 day MVA. Showed strength in coming off the day's low.
QCOM 08/14 Flat 38.83 -1.57 35.42 40.48 51M 11M 38.88
Current.
RAE 09/09 DB hdl 6.39 +0.29 6.12 7.42 1.7M 486K 6.15
Current. Explosive move on very strong volume surge.
SAPE 08/09 Test BO 8 -0.13 7.04 8.54 1.2M 1.5M 7.74
Current. Pullback holding at support on lower, below average volume. Still in good shape.
SBAC 08/14 Test BO 6.4 +0.23 5.88 7 935K 635K 6.12
Current. Another great move on much lower, but still very strong volume.
SERO 08/19 Cup hdl 23.31 -0.14 21.47 25.45 514K 538K 22.52
Current. Gapped up at the open, but gave it back testing the 10 day MVA intraday on lower, but still above average volume. Still in good shape.
SKX 09/02 Asc Tri 14.49 -0.42 14.28 17 207K 270K 14.08
Current. Pullback on lower, below average volume. In good shape making higher lows.
SPLS 09/11 Rv H&S 29.24 -0.4 30.27 34 3.3M 4.9M 29.21
Current. Thudded down below the 18 day MVA on stronger above average volume. May test back to support at 21.
SSI 09/13 Cup hdl 46.7 +0.95 45.78 50.55 276K 450K 45.98
Current. Tapped 45.82 at the low and rallied back for a nice move on rising, but average volume.
SYMM 09/09 Dbl btm 9.29 -0.09 9.62 11.55 827K 337K 9.25
Buy Not Issued. Pullback testing the 10 day MVA intraday on very strong volume surge. May test back to support at 9.
TV 08/10 Cup hdl 49.59 +0.49 47.48 53.88 272K 561K 48.74
Current. Continue with uptrend on rising, but below average volume making a 52 week high.
TWTI 09/16 Test BO 6.49 -0.07 6.72 8.06 366K 236K 6.25
Buy Not Issued. Pullback on lower, but still strong volume. Making a lateral move.
WBSN 09/16 BO 42.54 +1.23 41.93 47 879K 600K 40.97
Entered today. Another nice move up the 10 day MVA on lower, but still very strong volume.
WBSN 08/14 Cup hdl 42.54 +1.23 39.58 43.45 879K 735K 40.97
Current.
WIND 09/11 DB hdl 11.66 -0.17 11.97 14.25 489K 973K 11.13
Buy Not Issued. Ease back on below average volume Still in the pattern
YUM 08/21 DB hdl 40.67 +0.37 39.69 44 945K 1.4M 39.98
Current. Tested the 10 day MVA intraday and rallied back on stronger, but below average volume. Moving up on rising volume after testing the breakout.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAI 09/08 Put 11.4 -0.18 11.15 9.88 733K 1.4M 11.42
Current. Moving down below the 10 day MVA for a nice move on lower below average volume.
AAP 09/11 Put 35.95 +0.09 35.75 34.25 850K 852K 36.21
Current. Tested the 10 day MVA intraday, but could not hold the gain on rising, but below average volume. Making a lateral move.
ACDO 09/09 Put 24.35 -0.55 23.88 21.75 507K 1.1M 24.22
Buy Not Issued. Moved down holding the 10 day MVA on lower, below average volume. Needs to break through support here.
BLL 09/15 Put 36.43 -0.15 35.75 33.72 514K 607K 36.45
Buy Not Issued. Showing a doji on the 50 day MVA on lower, below average volume. Needs to break through support here.
IDCC 09/15 Put 15.87 -0.16 15.75 14.12 438K 650K 15.94
Buy Not Hit. Tested the simple 50 day MVA intraday, but could not hold the gain holding below the 10 day MVA on rising, but below average volume. Needs to break through support here.
PXD 09/13 Put 31.95 +0.4 31.68 29.72 1.2M 1.2M 32.26
Current. Rallied holding at some resistance below the 10 day MVA on stronger above average volume. May test the 10 day MVA.
PXLW 09/04 Put 9.7 -0.03 9.45 8 784K 1.4M 9.78
Current. Making a lateral move on lower, below average volume.
End part 2 of 3
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stock market today
stock market investment
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