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stock market investment, stock market information
Begin part 2 of 3
NOTE: New plays and full write-ups in part 3 will be emailed later today.
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 PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
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!
http://www.technicaltraders.com/ttr/table.php
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http://www.investmenthouse.com/rescue/rescue.php3
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri=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; Dsc Tri=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
AGYS 08/14 Test BO 16.29 -0.19 15.16 17.84 203K 276K 15.79
Current. Tapped 16.95 at the high, but gave it back holding above the 10 day MVA on lower, below average volume. Still in good shape.
AMMD 09/14 DB hdl 33.99 -0.53 33.64 38.25 662K 250K 33.65
Current. Gapped up at the open, but reversed on very strong volume. Testing the breakout. May test back to support at 33.70
BDX 09/13 Cup hdl 50.9 -0.1 51.48 57 1.2M 1.5M 50.14
Buy Not Issued. Tapped 51.40 at the intraday high, but gave it back showing a doji on much stronger above average volume. Testing the breakout. Doji may indicate a change in pattern. May test back to 50.62.
BEIQ 09/16 Cup hdl 27.02 -0.24 28.24 33.22 68K 208K 27.55
Buy Not Hit. Ease back holding below the 18 day MVA on lower, below average volume. Needs to hold here or will drop.
CAND 09/09 Flat 3.41 -0.14 3.15 4 155K 277K 3.28
Current. Gapped up at the open, but reversed on much lower, but slightly above average volume. Testing the breakout. May test back to support at 3.20.
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.
CSAR 08/26 Test BO 16.1 -0.71 16.55 19.38 159K 175K 16.45
Exited. Tanked below the 18 day MVA on stronger above average volume.
CSAR 08/16 Test BO 16.1 -0.71 15.21 17.72 159K 175K 16.45
Trailing Stop.
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.
DRAX 08/28 Cup hdl 4.71 -0.03 4.92 5.88 85K 226K 4.65
Buy Not Issued. Gapped up at the open, but gave it back holding the 10 day MVA on rising, but below average volume. Making a lateral move.
DRS 09/08 Flat 38.79 +0.44 37.88 43 404K 546K 36.67
Buy Not Issued. Volatile session. Stock gapped up at the open on rising, but average volume. Have not entered the play because volume is not there.
EMR 09/13 Cup 62.73 +0.04 64.32 68 1.3M 1.2M 63.48
Buy Not Hit. Volatile session. Making a lateral move just below the 10 day MVA on rising, but average volume. The stock has not made the move we were looking for so will drop.
EXBD 08/28 Test BO 59.01 0 58.69 63.58 223K 250K 58.48
Current. Making lateral move on the 10 day MVA on lower, but average volume.
FFIV 09/15 Test 20 30.05 +0.25 29.88 34.45 813K 1.3M 28.15
Buy Not Issued. Tapped 29.20 at the low and rallied back showing a doji on rising, but below average volume. Holding at some resistance. Have not entered the play, because volume is not there.
FLS 09/16 Cup hdl 24.15 -0.02 24.44 28.48 415K 415K 23.62
Buy Not Issued. Gapped up at the open, but gave it back on very strong volume surge. Making a lateral move.
JAKK 09/01 Flat 22.66 +0.19 21.07 24.18 556K 474K 21.92
Current. Tapped 22.30 at the low and rallied back showing a tight doji on stronger above average volume. Continue with uptrend.
KMRT 08/18 Dbl btm 87.75 -0.52 80.22 92 1.4M 3.6M 87.88
Current. Making a lateral move on low volume.
MDCC 08/31 Test 18 24.14 -0.11 23.93 26.95 136K 300K 23.68
Current. Pullback testing the 10 day MVA intraday on rising, but still low volume. Still in good shape.
NCOG 09/09 Cup 26.44 +0.17 26.32 30 257K 235K 25.65
Buy Not Issued. Continue to move up the 10 day MVA on lower, but still strong volume. Came off the day's high of 26.76. Did not enter the play, because did not like way stock came off its high.
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.
OIS 09/15 Test BO 17.68 -0.02 17.86 21 262K 290K 17.28
Buy Not Hit. Making a lateral move on stronger above average volume.
QCOM 09/02 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.
STLD 09/07 BO 36.95 +0.01 34.62 39 724K 750K 36.38
Current. Making a lateral move on rising, but below average volume.
TDS 08/02 FlyPlat 82.48 -0.62 77.46 82.38 113K 265K 82.48
Current. Pullback showing a doji on rising, but below average volume. Testing the breakout. May test back to 81.64.
TXN 09/16 Test 50 22.08 +0.49 22.16 26 19M 2M 21.86
Entered today. Gapped up at the open for a nice gain showing a doji on excellent volume. Doji may indicate a change in pattern. Breakout move.
UTHR 09/02 Test 18 33.02 -0.01 31.12 35.35 271K 650K 30.42
Buy Not Issued. Making a lateral move on lower, below average volume. Never enter the play, because volume was not there so will drop.
VRNT 09/04 Dbl btm 35.03 -0.02 33.58 38.36 137K 216K 34.14
Current. Making a lateral move showing doji on stronger above average volume. Came off the day's high of 36.
WCN 09/11 Test BO 31.02 +0.49 30.69 34.22 315K 350K 30.15
Entered today. Tapped 30.45 at the low and rallied back a nice gain on excellent volume surge.
WSO 09/07 DB hdl 29.88 -0.02 30.08 34.94 65K 150K 29.71
Current. Making lateral move testing the 10 day MVA intraday on rising, but below average volume.
YHOO 09/02 Cup 33.46 +0.67 32.48 36 15M 25M 32.55
Current. Continue with uptrend for a nice gain on lower, below average volume.
ZBRA 08/25 Dbl btm 59.39 -0.15 56.45 60 189K 425K 58.68
Current. Making a lateral move on rising, but below average volume.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
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.
AGN 09/11 Put 77.08 +1.33 73.73 71.48 755K 950K 74.38
Exited. Gapped up at the open and continued to rally on rising, but below average volume.
AMSG 08/28 Put 21.61 -0.49 22.35 20.55 546K 300K 22.05
Current. Great move down the 10 day MVA on very strong volume surge.
BBOX 09/15 Put 38.6 +0.37 37.48 35.24 100K 175K 37.82
Buy Not Hit. Low volume rally holding below the 50 day MVA on lower, below average volume. Will let test up the 50 day MVA and roll over.
HIG 09/11 Put 63.5 +0.45 61.24 58.78 1.4M 2M 61.65
Buy Not Hit. Big gap up holding above the 200 day MVA on lower, below average volume. The stock has not made the move we were looking for so will drop.
MXIM 09/13 Put 42.4 +0.58 41.82 39.85 5M 8.5M 42.34
Current. Gapped up holding just below the 18 day MVA showing a doji on rising, but below average volume. May test up to the 18 day MVA before rolling over.
PMCS 09/15 Put 9.47 +0.22 9.32 8.05 6.7M 6.5M 9.57
Current. Rallied showing a doji on the 10 day MVA on rising, but below average volume. Needs to roll over 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.
RHAT 09/15 Put 15.23 +0.05 14.92 13.38 3.9M 7M 15.32
Buy Not Hit. Making a lateral move on low volume.
End part 1 of 3
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stock market investment
stock market information
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