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us stock market, trade stock
Begin part 2 of 3
Part 3 containing new plays will be forwarded later today.
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 Marchket 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
ADBE 12/05 Cup hdl 35.6 -0.53 34.97 43 6.2M 5.1M 35.96
Strong early start to week as it completed its MACR merger, then a low volume test of near support, tapping the 10 day EMA on Friday low, filling early week gap and then rebounding. Set up well to continue the breakout move.
ADTN 12/05 Dbl btm 31.81 +0.5 31.75 37.65 447K 1.4M 30.22
Buy Not Issued. Very low volume to finish the week, still holding the
pattern. Could not continue the Tuesday gap higher
but a good test that sets up the next move if it will
take the next step.
ALO 12/05 Flat 29.12 +0.36 29.18 34.78 395K 800K 27.88
Current. Nice move early in the week & then coasted slightly
higher to close it out. Good start to the move out
of the 13 week base.
ANF 11/14 Cup hdl 63.69 +0.38 61.05 72.55 1.4M 4.2M 61.54
Current. Lackluster week, easing higher up the 10 day EMA on
lower and lower below average trade. Approaching the
November high (64.60) and will need more trade to clear it.
ARW 11/17 Cup hdl 33.25 +0.58 32.32 36.95 402K 895K 32.31
Current. Breakout week, moving higher Tuesday on volume, testing,
and then rallying Friday though the last move on low
volume. Good start to the play.
ASML 11/14 Asc Tri 19.75 +0.06 19.26 22.95 2.2M 3.7M 19.38
Current. Stalled out the upside move this week, moving laterally
between 19.50 and 20. Still holding the uptrend over
the 10 day EMA (19.61) & the action is good, setting
up the next move.
BBY 12/08 Cup hdl 50.16 +0.16 50.78 58.95 4.2M 8.3M 48.72
Buy Not Hit. Still working on the handle with some below average
trade Friday. Setting up the breakout move.
BGC 11/28 DB hdl 19.31 +0.22 17.28 20.85 199K 400K 18.54
Current. Picked up some strength to end the session as BGC continues
higher up the 10 day EMA (18.61). Just letting it
run higher.
BKS 12/06 DB hdl 42.1 +0.31 42.42 48.78 440K 996K 41.05
Buy Not Hit. Spent the week moving laterally over the rising 10
day EMA (41.42) and is right at the breakout point.
BMD 10/25 Test 18 7.83 -0.29 5.55 6.95 687K 551K 7.48
Current. Strong price and volume move Wednesday was mostly given
back by Friday, but BMD is still in a nice strong uptrend
along the 10 day EMA (7.67).
BOOM 11/30 Test 50 28.76 +0.02 24.75 29.75 1M 2.1M 26.84
Big gap higher Tuesday was squandered and BOOM closed
out the week with a low volume lateral move over 28.
Trying to digest the big gain and set back up. May
take a few more sessions to do that.
CASY 11/21 Cup hdl 24.14 +0.09 23.71 27.25 621K 432K 23.65
Gapped higher Friday but then rolled over to the 10 day EMA. That is where it closed out the week, but showed a doji Friday, indicating it might be ready to try and rebound. It held the breakout even after the tumble & that keeps it on tract.
CBST 11/07 Cup hdl 22.48 +0.44 22.65 26.95 521K 969K 21.65
Buy Not Issued. Spent the week fadeing back after breaking higher to
start December. Held the 10 day EMA and Friday was
up on rising volume. Looks good, but it needs to show
us a more definitive move.
CHRS 12/03 Test BO 13.28 +0.19 13.38 16 1.7M 1.2M 12.44
Buy Not Issued. Volume ran higher to end the week, turning above average
& good enough to enter. If CHRS can continue higher
this coming week we will start the play.
CNQR 12/07 Rv H&S 13.19 +0.18 13.32 15.98 207K 405K 12.59
Buy Not Hit. Strong volume Thursday is a very good sign CNQR is
just about ready for the breakout. Friday volume was
low with overall market as it bounced off the 10 day.
Looks ready for this week.
COH 11/09 Cup hdl 35.11 +0.11 34.98 40.25 1.6M 4M 34.77
Current. Lateral move over the 18 day EMA (34.85) all week.
Volume spiked Thursday, indicating it may be ready
to try a move out of the range this coming week & get
back to the breakout move.
COHU 11/29 Test BO 25.57 +0.24 26.48 30.38 152K 306K 26.89
Current.
COHU 11/05 Cup 25.57 +0.24 24.82 29.82 152K 235K 26.89
Current. Tough session Thursday sent COHU down to tap the 50
day EMA (24.81), but it started a modest bounce Friday.
Want to see it clear 26.09 (10 day MA) on rising volume
this coming week.
DBRN 10/19 Cup hdl 35.37 +0.29 26.49 36.65 388K 589K 33.52
Current. DBRN is still working to consolidate its late November/early
December gap and run. Low volume lateral move to close
out the week. Stingy with its gains & that indicates
a strong stock taht will break higher from here.
DESC 11/16 Test BO 8.9 -0.03 10.04 11.98 556K 1.2M 9.57
Current. Doji at the 50 day EMA (8.69) after a low volume fade
that filled the early November gap. Volume edged higher
Friday on the doji, and that may indicate DESC is ready
to start the climb once more after that gap fill.
ECLP 12/07 Cup hdl 19.11 +0.04 19.05 22.88 479K 525K 18.11
Current. Good moves Wednesday and Thursday and then a hanging
man doji Friday. Still in the trend up the 10 day EMA
& Friday did nothing to change that.
EFX 11/22 Cup hdl 38.54 +0.38 37.82 43.99 592K 850K 37.95
Spent the week working laterally with a big dip Thursday to 38. Recovered Friday on stronger though still below average trade. Nice lateral move after hitting a new all-time high, setting up the next bounce off this near support & continuing the trend.
EMKR 11/19 Test BO 6.87 +0.22 6.69 8.05 345K 539K 6.35
Current. Trying to get off the dime and the 10 day EMA after
the strong breakout move to start December. Being stingy
with its gains, what you want to see. Setting up for
the next move in the breakout.
FFIV 11/14 DB hdl 52.77 +0.32 56.47 65.95 665K 1.6M 54.11
Current. Reached down below support at 52 intraday Friday and
then rebounded for a modest gain. Key level to hold
& a nice shakeout Friday may have reset the move. Maybe.
Needs to show some strong upside trade again as on Tuesday.
GAP 10/24 Cup hdl 31.18 -0.06 28.15 34.95 182K 872K 30.45
Current. Very slow going, moving laterally over the 10 day EMA
(30.75) on very low volume. This is the second such
week long lateral move in three weeks. Moving up the
10 day in baby steps.
GLG 11/12 Rv H&S 24.57 -0.81 23.01 27.38 2.4M 1.4M 24.24
Strong week on strong volume sent GLG to a new all-time high. Gapped higher Friday but then sold off on the strongest volume of the move, takign back Thursday move. Time to be careful and want to see it hold 24ish as it continues the test.
HCSG 11/12 Cup hdl 21.1 -0.22 21.27 25.25 72K 300K 20.52
Current. As with many stocks, spent the week moving laterally
over the 10 day MA (21.12) on very low, below avg volume.
Setting up a new handle to its 5.5 month base.
HUM 12/05 Cup 49.33 +0.65 48.69 55.99 712K 2.3M 36.98
Rebounded off the 10 day EMA Friday but volume was very low both Thurs & Fri as it rebounded from the Wednesday selling. That kept us from entering. If it can show good trade to start the week on a good upside move, that will be what we are looking for.
ICUI 12/07 Test BO 38.07 +0.02 38.25 43.98 95K 250K 37.08
Buy Not Hit. Gapped higher, continuing the move off the 10 day EMA,
but no volume and it gave the move back. Positive that
is is holding the 10 day but needs to deliver a strong
upside move for us to start the play.
IVIL 10/10 Cup hdl 8.37 -0.18 7.72 9.34 1.2M 717K 8.08
Current. Tested back to the 18 day EMA (8.24) on the low & rebounded
on strong trade. Still in its uptrend but making its
first stronger test. Still in the uptrend but needs
to hold here.
LPSN 12/03 Cup hdl 4.99 -0.11 5.53 6.65 1.3M 344K 5.14
Buy Not Issued. Reached way down to the 50 intraday and rebounded on
some huge trade. May be a shakeout that sets up the
breakout from the lateral 4 week move.
LSTR 11/02 Test BO 43.63 +0.03 41.85 47.95 299K 795K 42.58
Current. Faded back to test the 10 day EMA (43.25) on low volume
to end teh week, but LSTR continues its adfvance up
the 10 and 18 day EMA following the early November
break higher.
MRVL 11/02 Rv H&S 59.9 +2.4 48.71 55.88 4.1M 3.5M 57.55
Current. Strong move Friday on rising, average volume (not bad
given the overall low volume) as MRVL laughed off the
INTC update and charged to a new closing high. Just
letting it run higher up the 10 day EMA.
MUSE 12/06 Asc Bse 7.58 -0.1 8.18 9.85 335K 1.3M 7.61
Buy Not Hit. Fell right back down to the 50 day SMA (7.47) on low
volume. If it can make a higher low here it will likely
make the breakout as it rebounds this week.
NBR 12/08 Asc Tri 76.29 +0.31 75.62 87 3.9M 2.6M 73.75
Current. Even stronger volume Friday but a very modest upside
move following the nice breakout Thursday from the
11 week ascending triangle.
NEM 12/06 Rv H&S 49.66 -0.62 49.94 57.32 12M 7M 48.12
Current. Similar to many gold stocks Friday, NEM gapped higher
as it continues the weeks strong moves but then gave
it back and more as traders squared up ahead of the
weekend.
NVDA 11/06 Cup hdl 36.34 +0.51 34.67 39.88 2.2M 6.7M 36.55
Current.
NVDA 10/06 Test 18 36.34 +0.51 33.11 40.65 2.2M 6.5M 36.55
Current. Still hugging the 18 day EMA (35.99) the past two weeks
after the downgrade gapped it lower. Showing better
action to end the week & NVDA looks as if it is overcoming
the downgrade & ready to move higher.
ODSY 11/15 Cup hdl 19.67 +0.19 17.98 21.65 123K 622K 17.21
Buy Not Issued. Need to see a test. Volume was way too low on this
move to get us in. Will look for a test and will pick
it up then.
OIS 12/08 Rv H&S 36.57 +0.05 36.78 42.95 1M 935K 34.55
Buy Not Issued. Showed the volume again Friday but it could not get
the move on track. Still looks very nice and ready
to make its move as the oil services stocks are set
to be the money makers in the sector in 2006.
PRFT 12/01 Asc Tri 9.55 +0.05 9.47 11.38 95K 188K 9.03
Current. Good move early in the week then moving laterally to
close it out, holding its gains on the breakout move.
PSTI 12/01 Cup hdl 24.51 0 24.88 29 314K 444K 24.05
Current. Holding the 10 day EMA (24.35) to close the week on
average volume, testing the strong breakout to start
the month. Set up well to continue higher.
PSYS 10/17 Test 50 56.74 +0.17 55.44 62.75 131K 610K 57.12
Current. Continues to hold the 50 day EMA on very low volume,
working laterally the past two weeks, trying to regroup
and continue the move ahead of its 1-10-06 split.
PWAV 11/12 Test BO 13.72 -0.06 13.18 15.88 2.2M 3.5M 13.05
Current. Took a low volume breather Friday after a strong Thursday
breakout from the new handle to its 12 week base.
Very nice continuation fo the move.
RADS 11/19 Cup hdl 13.59 +1.03 13.15 15.58 668K 211K 12.88
Current. Filled omst of the late November gap late last week
with some intraday lows and rebounds, & then shot higher
Friday on strong trade. Nice resumption of that prior
breakout.
RBAK 10/04 Test 50 13.99 +0.19 10.22 12.69 824K 1.2M 13.44
Current. Fell back early in the week to test the 10 day EMA
(13.78) after a strong November move. It held that
level & started back up Friday on rising trade. Nice
hold of near support.
REDF 12/01 Test 50 20.9 +1.92 18.57 22.35 1M 760K 19.38
Current. Excellent move last week, rallying off the 50 day EMA
on strong volume. Friday it continued with a strong
breakout to a 5 year high on even stronger trade. Nice.
SBAC 11/17 Test BO 18.83 +0.14 18.38 21.95 594K 850K 17.98
Current. Faded back to near support at the 10 day EMA (18.61)
following the big break higher the prior week. Holding
the support on low volume, showing dojis at that level.
Good action in the continuing move higher.
SCHN 11/21 Cup hdl 33.35 -0.15 34.55 40.85 331K 615K 32.13
Never got the really heavy volume when it broke higher & then stumbled for a modest gain. It sold back last week, managing to hold the breakout. Not sure of this move. Will have to show some really strong trade as it continues back up.
SIRF 12/03 Asc Bse 30.11 +0.61 30.16 36 1.2M 1.6M 28.24
Buy Not Issued. Continued the Thursday move. Volume was not surging,
but solid on Thursday so we started the play. Very
nice pattern and ready for more.
SMSC 11/30 Dbl btm 32.65 +0.18 31.15 37.35 102K 382K 29.55
Current. Testing the strong move to start the month, drifting
back modestly to test the 10 day EMA (31.71) to end
the week.
THQI 12/08 Rv H&S 24.2 +0.41 24.55 29.45 753K 1.4M 23.24
Buy Not Hit. Volume picked up as THQI moved toward the buy point Friday.
TRAD 12/01 Test 18 13.11 +0.04 14.15 16.85 381K 550K 12.98
Current. Still holding the 10 day EMA (12.99) as it tests back
to end the week after a strong volume move higher earlier.
Very nice test.
TXN 11/28 Cup hdl 33.37 +0.74 33.42 38.35 16M 22M 32.44
Current. Rocky session Thursday after the mid-quarter update,
but it held the 18 day EMA (32.57) and rebounded from
that level Friday.
UPCS 11/28 Test BO 9.92 +0.1 9.88 11.65 354K 1.4M 9.28
Buy Not Issued. Got an errant trade early that provided some excitement.
Otherwise it was another quiet session as UPCS continued
its lateral move over the 10 day EMA (9.78). Needs
to show us something this week.
VAS 11/10 Test BO 28.27 +0.15 27.71 31.95 150K 350K 27.72
Current. Working laterally over the 10 day EMA (28.03), setting
up fot he new all-time high. Volume jumped mid-week.
Ready for more.
VCLK 11/16 Test BO 18.19 +0.34 19.29 22.85 2.9M 2.8M 18.89
Current. Holding the 50 day EMA (17.71) after selling pretty
hard Thursday. Strong stocks hold the 50 day MA & rebound.
Now is the time VCLK needs to show us it is a strong
stock.
WFR 11/15 DB hdl 23.35 +0.35 23.46 27.75 2.7M 4.9M 22.34
Took off Tuesday but could not hold the move intraday. It then faded back the rest of the week, tapping the 18 day EMA (22.48) on the low & rebounding Friday. Weathered the big chip updates & ready to proceed higher again.
WOOF 10/29 Test BO 28.06 +0.28 26.02 29.95 397K 559K 27.55
Current. Rallying off the 18 day EMA (27.69) on rising though
still below average volume Friday. AFter a three week
test back to near support it looks ready to continue
higher.
End part 2 of 3
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