|
|
trade stock, stock market today
Begin part 2 of 3
NOTE: Part 3 containing new plays and full write-ups 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 PLAYS
* * 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://stocksplits.net/ssr/table.php
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
http://www.investmenthouse.com/rescue/rescue.php3
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
ANSS 09/02 PreSplt 48.32 -0.12 46.35 52 76K 120K 45.38
Buy Not Issued. Gapped up at the open, but gave it back tapping 47.53 at the intraday low on rising, but average volume. Volume has not been there to enter the play so will drop for now but will keep our eye on it.
BCR 09/11 Cup hdl 56.82 -0.17 57.72 64 373K 950K 56.12
Buy Not Hit. Gapped up at the open, but gave it back on lower, below average volume. making a lateral move.
BOL 08/26 DB hdl 67.8 -0.76 67.85 73.48 734K 578K 67.64
Current. Thudded down holding the 10 day MVA on much stronger above average volume. May test back to the 18 day MVA.
BRO 09/16 Test BO 45.19 -0.32 45.75 51.55 316K 534K 44.71
Buy Not Issued. Pullback holding the 10 day MVA on rising, but below average volume. May test back to support at 45.
BSC 09/16 Cup hdl 88.25 -0.34 90.05 100 1.1M 1.5M 87.97
Buy Not Hit. Gapped up at the open, but reversed testing the 18 day MVA intraday and rallied back on stronger above average volume. making a lateral move.
CELG 09/09 DB hdl 59.39 +1.6 58.75 65 1.2M 1.7M 57.57
Current. Tapped 57.55 at the low and rallied back for a nice gain on rising, but average volume.
CMI 09/04 Cup hdl 70.99 +0.73 71.44 80 558K 1.1M 69.89
Buy Not Issued. Moving up the 10 day MVA on rising, but below average volume.
CREE 09/09 Cup hdl 28.37 +0.29 26.78 30.75 2.1M 2.9M 27.35
Current. More volatile session as stock continues the uptrend on rising, but average volume.
CTSH 09/04 Cup 28.81 -0.28 28.98 39.25 904K 1.6M 28.54
Current. Volatile session tapping 28.50 at the low and rallied back on rising, but below 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.
DHR 08/31 Cup 52.6 +0.28 51.93 57 1.3M 1.5M 51.72
Current. Gapped up at the open showing a doji on rising, but average volume. Making a 52 week high.
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 06/25 BO 93.1 +0.77 90.54 105 13M 10M 93.25
Current.
EBAY 03/06 Flat 93.1 +0.77 71.78 82.25 13M 10M 92.48
Current.
EBAY 08/02 PreSplt 93.1 +0.77 53.78 60 13M 9M 89.55
Current.
EBAY 03/08 BO 93.1 +0.77 40.04 46 13M 8M 89.55
Current.
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.
GYI 09/14 Cup hdl 54.15 -1.53 57.34 63.48 596K 560K 56.44
Buy Not Hit. Tanked below the 50 day MVA on very strong volume surge. The stock has not performed so will drop.
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.
MRCY 09/07 Cup hdl 28.5 +0.6 28.06 32 141K 216K 27.05
Buy Not Issued. Thought hard about this one all afternoon as volume
inched higher. Solid trade earlier in week, but decided
to see if it can continue the move Monday. Then we move in.
NCEN 08/21 Rv H&S 58.29 -1.13 52.82 60 1.2M 1.1M 58.28
Target Hit. Took some of the money off the table when stock hit the target on lower, but strong volume. Will let the remaining position work for us.
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.
RIMM 08/21 Dbl btm 73.31 +0.21 63.52 72 10M 10M 72.25
Current. Making a lateral move on lower, but still above average volume.
SCSC 08/28 Test BO 66.46 +0.41 63.88 70 114K 236K 65.88
Current. Gapped up at the open, but gave it back testing the 10 day MVA intraday and rallied back on rising, but average volume. Beginning to make a lateral move.
SHFL 09/15 Cup 35.69 +0.31 35.78 40.48 360K 892K 34.28
Current. Continue with uptrend on lower, below average volume.
SIE 09/14 DB hdl 44.4 -0.71 45.58 50.55 290K 719K 44.22
Buy Not Issued. Gapped down testing the 18 day MVA intraday and rallied back. May test back to support at 44.
SNDA 07/31 Cup hdl 24.03 +0.07 19.51 23.32 159K 500K 23.68
Current. Making lateral move on lower, below average volume.
SONC 09/09 DB hdl 24.36 +0.67 23.45 26.55 850K 450K 23.67
Current. Tested the 18 day MVA intraday and rallied back for an explosive move on excellent volume surge.
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.
STN 09/04 Cup hdl 49.55 +0.63 47.94 54.88 248K 781K 48.22
Current. Continue with uptrend on low volume.
SYMC 08/10 DB hdl 52.15 +0.83 47.83 53.88 4.3M 7.6M 51.25
Current. Gapped up at the open showing a doji on much stronger, but average volume. Continue with uptrend.
TRMB 08/28 Cup hdl 30.38 +0.18 29.24 34.58 494K 528K 29.32
Current. More volatile session showing a doji on above average volume. Continue with uptrend.
TTC 09/07 Cup 68.91 -1.78 69.35 79 291K 300K 68.38
Buy Not Issued. Thudded down holding the 10 day MVA on much stronger above average volume. May test back to support at 68.
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.
TZOO 09/04 Test BO 72.34 +2.27 46.28 60 4.1M 1.7M 68.88
Current. Continue to move up the 10 day MVA for a nice gain on lower, but still above average volume.
TZOO 08/07 Test 18 72.34 +2.27 28.27 60 4.1M 775K 68.88
Current.
URBN 09/11 Test BO 34.53 -0.7 34.28 40.25 745K 1.8M 33.98
Current. Pullback on very low volume. Still in uptrend.
VLO 09/09 Cup 72.1 +0.7 70.85 76 1.9M 3M 71.89
Current. Moving up on rising, but below average volume. In good shape.
WWY 09/09 Rv H&S 63.69 +0.63 64.11 68 534K 683K 62.82
Buy Not Hit. Bounced off the 10 day MVA and rallied on stronger above average volume. Looking good, but needs to break through some resistance here.
XRAY 09/11 DB hdl 51.47 +0.11 52.38 58 282K 494K 51.12
Buy Not Issued. Making a lateral move on lower, 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 08/19 Dbl btm 59.39 -0.15 56.43 60 189K 425K 58.45
Current. Making a lateral move on rising, but below average volume.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
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.
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.
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
|
trade stock
stock market today
|
