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stock market today, stock market investment
Begin part 2 of 3
Part 3 containing new plays will be forwarded later today.
Support and Resistance
NASDAQ: Closed at 1942.20
Resistance:
The 200 day SMA at 1964
January/late June down trendline at 1980
Price resistance at 2050
Support:
Recent September high at 1921
The 2004 down trendline at 1900
September gap up point at 1894
The 50 day EMA at 1882
The October 2002/March 2003 up trendline at 1872
The 50 day SMA 1855
S&P 500: Closed at 1131.50
Resistance:
1125 to 1130 stalled the last move.
1130 is the March/June down trendline.
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 1118
The 50 day EMA at 1110
The 50 day SMA 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 10,192.65
Resistance:
The February/June 2004 down trendline at 10,275
The 200 day SMA at 10,298
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 50 day EMA at 10,156
9980 to 10,000 held as support Tuesday.
9900 is some support from the May and July lows.
9783 to 9793, the August lows.
Economic Calendar
These are consensus expectations. Our expectations will vary and are discussed in the 'Economy' section.
October 04
Factory Orders, August (10:00): 0.1% expected and 1.3% prior
October 05
ISM Services, September (10:00): 59.0 expected and 58.2 prior
October 07
Initial Jobless Claims, 10/02 (8:30): 350K expected and 369K prior
Consumer Credit, August (3:00): $5.9B expected and $10.9B prior
October 08
Non-farm Payrolls, September (8:30): 140K expected and 144K prior
Unemployment Rate, September (8:30): 5.4% expected and 5.4% prior
Hourly Earnings, September (8:30): 0.2% expected and 0.3% prior
Average Workweek, September (8:30): 33.8 expected and 33.8 prior
Wholesale Inventories, August (10:00): 0.8% expected and 1.3% prior
CONTINUING PLAY LIST
* * SPREADSHEET DOWNLOAD * * *
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http://investmenthouse.com/ihalerts/table.php
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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
AAPL 09/14 Test BO 38.67 -0.08 36.32 42 8.3M 8.5M 37.68
Current. Pullback on slightly higher above average volume. May test back to support at 38
AH 09/08 DB hdl 43.24 +1.63 38.89 44.12 1.3M 1M 42.12
Current. Big gap up and continued to explode higher on strong volume surge.
AHC 09/23 Test BO 90.04 +1.04 89.21 105 661K 1.5M 87.38
Current. Continue with uptrend for nice gain on lower, below average volume.
AIRN 09/21 Cup 6 +0.57 5.98 7.48 1.1M 543K 5.72
Entered today. Gapped down to open on the 18 day MVA and rallied back for a great move on excellent volume surge.
AMT 09/30 Flat 15.24 -0.11 15.55 18.68 2.6M 1.8M 14.84
Entered today. Pullback on lower, but still above average volume. Disappointed in coming off the day's high of 15.75. Still in good shape.
BDX 09/13 Cup hdl 52.85 +1.15 52.68 57.88 1.2M 1.5M 61.97
Entered today. Another great move up the 10 day MVA on lower, but still very strong volume.
BYD 09/28 Test BO 28 -0.15 28.22 33.38 484K 400K 27.28
Buy Not Issued. Pullback on lower, but still above average volume. Making a lateral move. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
CREE 09/09 Cup hdl 31.24 +0.74 26.78 30.75 2.8M 2.9M 30.75
Current. Gapped up at the open filling in the gap intraday making a nice move up the 10 day MVA on above average volume.
CTSH 09/04 Cup 30.16 -0.35 28.98 39.25 1.3M 1.6M 29.25
Current. Pullback on much lower, but slightly above average volume. Still in uptrend.
DO 08/31 Cup hdl 33.84 +0.85 25.48 29 1.6M 1.3M 32.75
Current. Nice move up the 10 day MVA on lower, but still strong volume.
EBAY 08/31 DB hdl 92.44 +0.5 88.05 99.94 13M 14M 93.25
Current. Tested the 10 day MVA intraday and rallied back showing a tight doji on stronger above average volume. Doji may indicate a change in pattern.
ESMC 09/28 Test 20 11.85 -0.17 13.68 18 367K 900K 12.98
Buy Not Hit. Tested the 200 day MVA intraday, but gave it back showing a doji under the 18 day MVA on lower, below average volume. The stock has not made the move we were looking for so will drop.
FLS 09/16 Cup hdl 24.5 +0.32 24.44 28.48 388K 415K 23.62
Buy Not Issued. Tested the 10 day MVA intraday and rallied back on stronger above average volume. Not enough volume to enter the play. If move continues on Monday with more volume will still be a buy.
GW 09/25 Rv H&S 4.8 -0.09 4.84 6.22 3.9M 1.2M 4.65
Current. Pullback on very strong volume surge. May test back to support at 4.73.
JCOM 09/29 Cup 32.23 +0.64 32.25 37.65 729K 850K 31.35
Entered today. Nice move up the 10 day MVA on lower, but still above average volume.
JUPM 09/29 BO 17.31 -0.49 17.57 21 735K 550K 16.88
Buy Not Issued. Pullback on much lower, but still above average volume. May test back to the 10 day MVA.
KMRT 08/18 Dbl btm 88.06 +0.59 80.22 92 1.1M 3.6M 87.88
Current. Making a lateral move on lower, below average volume.
LLL 09/24 Cup hdl 68.41 +1.41 65.43 73.55 1.2M 1.2M 67.22
Current. Explosive move on stronger above average volume.
MSSN 09/15 Cup hdl 6.5 +0.21 6.56 7.92 577K 538K 6.19
Big gap up at the open showing a tight doji on very strong volume surge. Doji may indicate a change in pattern.
NCR 09/30 Cup hdl 50.69 +1.1 51.02 60 706K 900K 49.05
Buy Not Hit. bounced off the 10 day MVA for a nice gain on lower, but still above average volume.
OPTV 09/27 Test BO 3.16 +0.11 3.15 4.25 379K 525K 2.93
Buy Not Issued. Bounced off the 10 day MVA for a nice gain on rising above average volume. Volume was not there to enter the play, but if move continues tomorrow with good volume will still be a buy.
OS 09/28 Test BO 16.47 -0.16 16.97 19.95 1.1M 385K 15.78
Buy Not Hit. Tested the 18 day MVA intraday and rallied back holding just above the 10 day MVA on much lower, but still strong volume. Making a lateral move.
PPDI 07/24 Test BO 35.75 -0.25 35.72 41.74 448K 650K 34.65
Buy Not Issued. Pullback tapping 35.56 at the low and rallied back holding just above the 18 day MVA. Stock has not performed so will drop.
QCOM 08/31 FlyPlat 40.45 +1.41 38.82 45 15M 11M 38.88
Current. Tested the 10 day MVA intraday and rallied back for a great move on average volume.
QCOM 08/14 Flat 40.45 +1.41 35.42 40.48 15M 11M 38.88
Current.
SHFL 09/29 Cup hdl 37.4 -0.06 37.83 44.45 840K 650K 36.38
Current. Making a lateral move showing a doji on stronger above average volume. Doji may indicate a change in pattern.
SIMG 09/21 DB hdl 14.4 +1.76 13.29 15.98 4.9M 1.5M 13.98
Entered today. Explosive move on excellent volume surge.
STJ 09/22 Test 20 74.98 -0.29 72.78 76.85 1.2M 1.5M 74.98
Current. Pullback on much lower, but average volume. Making a lateral move.
SYMC 08/10 DB hdl 57.2 +2.32 47.83 53.88 4.8M 7.6M 56.18
Current. Great move up the 10 day MVA on stronger above average volume.
TASR 09/23 DB hdl 38.22 +0.67 40.12 47.49 4.7M 12M 39.05
Buy Not Issued. Showing a doji just above the 10 day MVA on lower, below average volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
TDS 09/24 FlyPlat 84.49 +0.32 84.68 100 186K 265K 83.72
Current. Continue with uptrend on stronger above average volume.
TDS 08/02 FlyPlat 84.49 +0.32 77.46 82.38 186K 265K 83.88
Current.
TWTI 09/30 Test BO 7.46 +0.58 6.97 8.32 562K 236K 7.26
Current. Another great move up the 10 day MVA on much lower, but still strong volume making a 52 week high.
VIP 09/18 Test BO 114.74 +5.94 104.45 113.75 588K 600K 113.55
Target Hit. Took some of the money off the table as stock soared higher hitting the target on stronger above average volume. Will let the remaining position continue to work for us.
VRSN 09/29 DB hdl 20.98 +1.1 20.44 24.44 6.6M 2.6M 20.25
Entered today. Gapped up at the open and continue to explode higher on excellent volume surge.
WCN 09/11 Test BO 31.52 -0.16 30.69 34.22 395K 350K 30.97
Current. Tapped 32 intraday, but gave it back on stronger above average volume. May test back to the 10 day MVA.
WITS 09/25 Test BO 16.96 +0.89 16.94 19.87 373K 543K 16.28
Entered today. Gapped up at the open and continued to explode higher on rising, but average volume. Making a 52 week high.
WYNN 09/18 Cup hdl 50.98 -0.71 45.38 53 683K 558K 51.38
Current. Pullback on much lower, but still above average volume. Beginning to make a lateral move.
ZBRA 08/19 Dbl btm 60.32 -0.69 56.43 60 727K 425K 59.88
Current. Volatile session testing the 18 day MVA intraday and rallied back on stronger above average volume. May test back to support at 60.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 09/30 Put 23.68 +0.11 23.55 21.55 841K 1.1M 24.04
Current. Relief bounce testing the 10 day MVA intraday, but could not hold the gain on low volume. Has made the test & now ready to fall.
AFL 09/25 Put 40.15 +0.94 38.37 36.85 1.2M 1.5M 39.04
Exited. Strong rally on average volume.
AMR 09/23 Put 7.57 +0.24 7.68 6.65 3.5M 4M 7.18
Trailing Stop. Bounced on lower, below average volume. Still holding under the 10 day MVA.
BBOX 09/24 Put 37.96 +1.01 37.24 35 129K 175K 37.85
Exited. Rallied holding above the 10 day MVA on lower, below average volume.
CCRN 09/28 Put 15.92 +0.42 14.88 13.75 128K 120K 15.05
Buy Not Hit. Big rally on strong volume surge holding above the 50 day MVA. The stock has not made the move we were looking for so will drop.
CENT 09/27 Put 32.39 +1.77 29.61 27.88 141K 200K 30.05
Buy Not Hit. Rallied on average volume holding above the 50 day MVA. The stock has not performed so will drop.
CGNX 09/30 Put 27.32 +1.12 26.55 23.88 505K 750K 27.48
Buy Not Hit. Rallied testing the simple 50 day MVA intraday, but could not hold the gain on continued low volume. Watching for it to fail here.
EYE 09/22 Put 21 +0.4 19.98 17.78 305K 485K 20.48
Current. Rallied testing the 50 day MVA intraday, but could not hold the gain on rising, but below average volume. This is where it needs to fail.
HOLX 09/28 Put 19.4 +0.13 18.88 17.15 84K 125K 19.45
Buy Not Issued. Volatile session testing the 200 day MVA, but could not hold the entire gain showing a doji on the simple 50 day MVA on rising, but below average volume. Looks ready to fail here.
JCP 09/18 Put 35.38 +0.1 35.97 34.15 4.3M 3M 35.55
Current. Modest relief bounce on lower, but still above average volume. Failed to rally w/market a key sign of weakness.
KCP 09/27 Put 27.65 -0.49 28.75 27 497K 126K 27.88
Current. Another great move down the 10 day MVA on very strong volume surge.
OEX 09/22 Put 543.11 +8.25 535.33 522 1.6M 1.3M 533.68
Exited. Big rally on lower, but still above average volume.
PTEK 09/27 Put 8.92 +0.35 8.44 7.38 424K 825K 8.65
Buy Not Hit. Relief bounce holding below the 50 day MVA on very low volume. Needs to turn over here.
RGS 09/30 Put 41.42 +1.2 40.08 38.55 270K 300K 40.55
Buy Not Hit. Rallied holding above the 50 day MVA on lower, but still strong volume. The stock has not made the move we were looking for so will drop.
SFD 09/22 Put 25.25 +0.25 24.48 22.85 344K 715K 24.58
Current. Continue to bounce holding the 18 day MVA on very low volume. Still in weak pattern.
SOX 09/25 Put 401.91 +17.71 377.28 355 0 0 383
Exited. Big rally holding above the 50 day MVA on average volume.
WMGI 09/27 Put 25.15 +0.03 25.22 23.68 273K 525K 25.55
Buy Not Issued. Making a lateral move under the 10 day MVA on rising, but below average volume.
XLNX 09/25 Put 28.56 +1.56 27.15 25.05 9.4M 8M 27.05
Exited. Rallied holding the 50 day MVA on lower, but still strong volume.
End part 2 of 3
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stock market today
stock market investment
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