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us stock market, trend trading stock
Begin part 2 of 3
THE PLAYS
Good movers: Many. AMX; BA; BMRN; GME; GYMB; HOLX; ICON; PKE; PLCE; RSTI; RTEC; SIGM; ARM
NEW PLAYS:
Upside plays:
Play Date: 10/12/2006
ADBE (Adobe Systems--$38.21; +1.09; optionable): Software
http://biz.yahoo.com/p/a/adbe.html
STATUS: Flying plateau. ADBE gapped higher in mid-September on a strong earnings report. It has moved laterally the past three weeks, holding the gains as the 18 day EMA (37.60) rose to meet it. Volume has climbed the past two sessions as it came up to the price. ADBE is bumping its January to May 2006 down trendline, and we are looking for this volume to send it through that trendline. That is when we move in.
Volume: 5.907M Avg Volume: 5.362M
BUY POINT: $38.72 Volume=8M Target=$46.75 Stop=$36.95
POSITION: AEQ AU - Jan. $37.50c (61 delta) &/or Stock
http://www.investmenthouse.com/ct/adbe.html
Play Date: 10/12/2006
NTRI (Nutrisystem--$64.91; +0.62; optionable): Weight loss programs
http://biz.yahoo.com/p/n/ntri.html
Earnings: 10-24-06
STATUS: Double bottom w/handle. Gapped higher Tuesday, trying the breakout from its 5.5 month base. It faded back, but managed to hold the 10 day EMA (63.55) on the Thursday intraday low and rebounded for a modest gain. This one made us some solid money in its Q1, and now it has set back up to make us some more money. Solid 7 to 4 accumulation in the pattern shows net buying, setting it up for the breakout and run higher.
Volume: 893.429K Avg Volume: 1.939M
BUY POINT: $66.72 Volume=2.9M Target=$79.95 Stop=$63.38
POSITION: NSI AN - Jan. $70c (45 delta) &/or Stock
http://www.investmenthouse.com/ct/ntri.html
Play Date: 10/12/2006
TYL (Tyler Technologies--$13.59; +0.41; no options): ITS software
http://biz.yahoo.com/p/t/tyl.html
STATUS: Flying plateau. TYL broke from a 4 month base in late July and rallied into late August. It needed a rest and fell into the current 7 week lateral move, setting up for the next move higher. The 50 day EMA (12.62) has risen to meet the stock in this lateral consolidation, and Thursday that sent it higher on a strong shot of above average volume, the first of the month. Strong 3 to 0 accumulation in the consolidation shows solid buying. Money flow is surging higher as well. Ready to move in as it continues higher.
Volume: 352.5K Avg Volume: 228.033K
BUY POINT: $13.71 Volume=230K Target=$16.45 Stop=$12.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/tyl.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
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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.
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
ABI 10/07 Asc Bse 33.46 +0.04 33.75 38.85 868K 1.8M 32.65
Buy Not Issued.
AMX 10/04 Asc Bse 41.33 +1.06 40.21 47.95 5.4M 5.2M 39.77
Current. Gapped up for a nice gain on excellent volume surge. Trading near May's highs.
BA 10/02 Cup 83.64 +2.00 80.84 89.95 4.1M 5M 81.98
Current. Exploded off the 10 day MVA on much stronger volume surge
BHE 09/18 Cup hdl 28.89 +0.64 26.69 30.75 989K 600K 27.77
Current. Gapped up at the open tapping 29.92 at the intraday high, but gave much of it back on strong volume. Finished the session with a nice gain.
BLKB 10/03 Asc Bse 25.23 +0.71 24.59 29.00 363K 433K 23.77
Current. Another great move up the 10 day MVA on average volume.
BMRN 10/11 DB hdl 16.88 +0.42 16.62 19.95 1.3M 1.2M 15.65
Entered today. We entered the play as stock continued the move for a nice gain on stronger above average volume.
BRCM 09/25 Test 50 28.72 +0.08 30.96 35.68 11M 17M 28.95
Current. Tested the simple 59 day MVA intraday and rallied back showing a doji on the 50 day MVA on low volume. Should continue to rebound from here.
CHRS 10/09 Cup hdl 14.60 +0.03 15.21 18.25 1.4M 2.8M 14.22
Buy Not Hit.
COH 09/25 Test BO 35.65 +0.26 35.05 40.48 2.9M 5M 34.55
Current. Tested the 10 day MVA intraday and rallied back on rising volume. Continue with the uptrend.
CRM 09/12 Cup hdl 40.29 +0.42 36.61 42.95 1.8M 3M 38.42
Current. Beginning to consolidate on rising volume.
CWTR 09/16 Cup hdl 29.32 +1.07 29.16 35.35 1M 1.6M 28.45
Current. Bounced off the 18 day MVA for a nice gain on rising volume. Moving up after routine pullback.
DIOD 10/03 Test BO 42.97 +1.15 44.45 50.74 634K 475K 42.89
Current. Nice move up on lower volume after testing the 50 day MVA.
DRIV 09/09 Test BO 51.62 -0.99 50.34 57.50 1.4M 1.4M 52.31
Current. Pullback on stronger above average volume managing to hold the 18 day MVA. May continue to test back to support at 50
GME 10/11 Cup hdl 50.27 +1.22 49.84 58.95 1.6M 2.1M 48.05
Entered today. Another great move up the 10 day MVA on strong volume.
GYMB 09/19 Cup hdl 45.74 +1.55 37.52 44.68 1.4M 1.4M 43.05
Current. Gapped up at the open and continued to soar on strong volume. Broke through some resistance at 44.
HITT 10/07 Pennant 47.97 +0.56 45.88 52.45 421K 548K 45.04
Current. Continue to trend higher on above average volume.
HOC 10/10 Dbl btm 46.83 +1.08 46.82 54.50 1M 1.2M 45.12
Entered today. Continue to move up the 10 day MVA on low volume.
HOLX 10/10 Dbl btm 49.55 +1.79 48.40 55.95 1.3M 1.1M 47.55
Entered today. Exploded higher on stronger above average volume.
ICE 09/30 Cup hdl 83.90 -3.90 75.60 86.50 2.6M 1.4M 85.22
Current.
ICON 09/30 Cup hdl 18.33 +1.12 17.44 20.80 1.5M 665K 17.17
Current.
ISE 09/16 Cup hdl 49.20 +1.02 46.05 52.95 510K 550K 46.89
Current. Moving up for a nice gain on low volume after routine pullback.
KNOT 09/23 Cup hdl 23.59 +0.42 21.21 25.55 402K 490K 21.75
Current. Continue with the uptrend on much lower, but average volume.
LRCX 09/30 Cup hdl 48.39 +0.27 45.69 54.95 10M 5M 49.05
Current. Tested the 10 day MVA intraday and made a fierce rally back showing a tight doji on strong volume surge. Continue to trend higher
MOLX 08/28 Cup hdl 39.39 +0.13 36.72 40.95 966K 550K 37.92
Current. Moving up after testing the 18 day MVA on strong volume. Came off the day's high of 40.
MOLX 08/10 Test 50 39.39 +0.13 34.72 40.95 966K 625K 37.92
Current.
MVSN 08/28 DB hdl 26.50 +0.04 24.14 26.95 578K 990K 25.65
Current.
NIHD 10/07 Test BO 64.67 +1.75 64.55 74.45 1.5M 2.4M 62.39
Buy Not Issued. Not quite enough volume to enter the play. If stock continues the move tomorrow on strong volume will still be a buy.
NVDA 10/03 Test 50 32.48 +0.13 28.26 32.50 6.9M 17M 30.45
Current. Continue the uptrend on low volume.
NVLS 10/09 Cup hdl 28.88 -0.02 28.88 32.95 4.4M 4M 27.95
Current. Tapped 28.02 at the intraday low and rallied back on strong volume showing a doji. Doji may indicate stock is ready for next leg up.
OPLK 09/30 Test BO 21.30 +0.51 20.22 24.45 240K 368K 19.55
Buy Not Issued. Although volume was rising still not enough to enter the play. Will drop for now and let test back.
PKE 10/07 Cup hdl 33.61 +1.50 33.22 39.88 255K 281K 31.97
Entered today. Breakout with an explosive move on much stronger above average volume.
PLCE 10/11 Cup hdl 67.42 +2.21 66.56 76.75 1.2M 922K 65.11
Entered today. Exploded off the 10 day MVA for excellent volume surge.
PLCE 09/14 Test 20 67.42 +2.21 59.85 68.00 1.2M 800K 65.11
Current.
PRFT 09/19 Test BO 17.89 +0.18 15.08 18.12 732K 345K 16.78
Current.
RFMD 09/18 Test 20 7.99 +0.02 7.47 9.15 7.1M 8.5M 7.54
Current.
RSTI 09/25 DB hdl 63.10 +2.39 60.00 70.95 137K 163K 61.42
Current. Bounced off the 10 day MVA for a great move on rising volume. Trading at May highs.
RTEC 09/19 Cup hdl 19.85 +0.59 19.12 23.15 386K 450K 18.98
Current.
SEIC 08/14 Asc Bse 60.52 +0.54 50.72 58.50 790K 750K 57.98
Current. Continue to trend higher on lower, but strong volume.
SIGM 10/09 Cup hdl 18.60 +1.09 16.09 19.39 2.4M 928K 16.95
Current. Gapped up at the open and continued to move higher on lower, but very strong volume surge. Making a new high.
SIMO 09/25 DB hdl 17.72 +0.40 17.28 20.68 372K 400K 16.98
Current. Moving up for a nice gain on rising volume after routine pullback.
SMSC 10/03 Cup hdl 30.75 +0.51 29.21 34.75 263K 504K 29.04
Current. Continue to move up the 10 day MVA on average volume.
SMSC 09/16 Cup hdl 30.75 +0.51 30.05 34.75 263K 504K 29.04
Current.
SMSI 10/04 Rv H&S 16.94 +0.64 15.23 17.98 721K 1.5M 15.75
Current. Continue to trend higher for great move on low volume.
TRAD 10/07 Cup hdl 16.09 +0.18 16.40 19.72 535K 450K 15.32
Current.
TRMB 10/11 Asc Bse 50.00 +1.05 49.75 57.75 197K 701K 47.55
Buy Not Issued. Moving up on low volume. Will let test back.
TXN 09/26 DB hdl 32.49 +0.51 33.45 38.50 16M 15M 32.57
Current. Continue to rebound after testing the below the 200 day MVA.
UARM 09/11 Dbl btm 46.47 +1.95 37.12 43.00 1.6M 1M 43.18
Current.
UTSI 10/05 Cup hdl 9.78 +0.04 9.56 11.68 4.9M 2.5M 9.29
Current. Gapped up at the open, but gave it back on strong volume surge. May be ready to take a breather
VTAL 09/27 Cup hdl 32.83 -0.04 31.83 37.95 117K 206K 31.89
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 09/23 Put 30.27 +0.43 29.38 27.90 4.5M 4.2M 29.48
Current.
LCAV 10/11 Put 34.52 -0.05 34.35 31.85 411K 830K 34.72
Buy Not Hit. Making a lateral move along the 10 day MVA on low volume. Still in downtrend.
Good Investing!
Jon L. Johnson and your Technical Traders Report Team
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP. or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners in Online Investment Services, LP. or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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us stock market
trend trading stock
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