|
|
us stock market, trend trading stock
Begin part 2 of 2
THE PLAYS
Good movers: GYMB; HOC; NVEC
NEW PLAYS:
Upside plays:
Play Date: 10/19/2006
NYX (NYSE Group--$72.97; -0.03; optionable)
http://biz.yahoo.com/p/n/nyx.html
EARNINGS: 10-26-06 before the open
STATUS: Cup w/handle. NYX has come back to the 18 day EMA (73.10) the past two weeks, forming the handle to its 8 month base formed using the roughly the 200 day SMA (65.17) as support. This base is setting NYX up for a breakout to a new all-time high. Money flow is strong leading the way higher, complementing solid accumulation. Looking for volume to jump as it rebounds.
Volume: 1.275M Avg Volume: 1.614M
BUY POINT: $75.55 Volume=2.4M Target=$86.95 Stop=$72.95
POSITION: NYX AO - Jan. $65c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/nyx.html
Play Date: 10/19/2006
VLTR (Volterra Semiconductor--$17.60; -0.22; optionable): Semiconductor integrated circuts
http://biz.yahoo.com/p/v/vltr.html
10-23-06
STATUS: Cup w/handle. This chip sector was the first to get hurt in earnings season when MRVL missed. Since then it has had time to lick its wounds and recover, and BRCM's earnings after the close won't hurt one bit. VLTR is in a nice pullback the past week, holding at the 10 day EMA (17.60) as it forms the handle to its 7 month base. Nice volume on the break higher, and after this pullback looking for more strong trade to send it higher. Very nice pattern to go along with good fundamentals growth rates. Earnings are Monday so it is a more aggressive play, but if we see some good action on the BRCM news we will be ready to start some positions.
Volume: 258.532K Avg Volume: 270.714K
BUY POINT: $18.25 Volume=406K Target=$21.95 Stop=$17.44
POSITION: QYU CW - Mar. $17.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/vltr.html
CONTINUING PLAYS
Play Date: 10/18/2006
CXW (Corrections Corp of America--$45.34; -0.07; optionable): Private detention facilities
http://biz.yahoo.com/p/c/cxw.html
EARNINGS: 11-6-06
STATUS: Test 18 day EMA. Still at the 18 day EMA (45.03) with a nice tight doji Thursday. Volume jumped as it held steady, and that often indicates a break higher coming. Nice. To recap: CXW has made us money before, and it was the subject of a lot of hype the past month. Now, however, it has set up for the next move higher after gapping up two weeks back, coming back to fill the gap while holding the 18 day EMA. Lower volume on the test shows few sellers. Just waiting for the stock to resume the move back up on a strong shot of volume.
Volume: 670.9K Avg Volume: 563.127K
BUY POINT: $46.48 Volume=600K Target=$54.85 Stop=$44.78
POSITION: CGY CX - Mar. $43.375c (67 delta) &/or Stock
http://www.investmenthouse.com/ct/cxw.html
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
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
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
ADBE 10/12 FlyPlat 38.49 -0.04 38.74 46.75 3.9M 8M 37.21
Current. Pullback testing the 18 day MVA intraday low and rallied back on low volume showing a doji. Beginning to make a lateral move.
AMX 10/04 Asc Bse 42.93 +0.58 40.21 47.95 2M 5.2M 41.39
Current. Continue to trend higher on low volume.
AQNT 10/16 Cup 26.42 -0.03 27.05 32.48 822K 1.4M 25.24
Buy Not Hit. More volatile session. Tapping 27 at the intraday high, but gave it back on rising volume. Beginning to make a lateral move running parallel to the 10 day MVA.
BHE 09/18 Cup hdl 27.11 -0.45 26.69 30.75 2.7M 600K 27.98
Current. Volatile session taping 26.21 at the intraday low and made a fierce rally back holding above the 50 day MVA on strong volume surge. Showing strength coming off the day's low.
BITS 10/14 Test BO 9.87 +0.06 9.75 12.68 278K 200K 9.44
Current. Tested the 10 day MVA intraday and rallied back on average volume. Should continue to rebound from here.
BLKB 10/03 Asc Bse 25.07 -0.08 24.59 29.00 254K 433K 24.28
Current. Pullback on average volume. Routine pullback. Looking for a bounce off the 10 day MVA (24.75)
BMRN 10/11 DB hdl 16.19 -0.33 16.62 19.95 2M 1.2M 15.89
Current. Pullback tapping 15.96 at the intraday low and rallied back holding the just above the 18 day MVA on strong volume. May continue to test back to support at 16.
BRCM 09/25 Test 50 28.97 +0.48 30.96 35.68 20M 17M 29.32
Current. Tapped 27.82 at the intraday low and rallied back holding the 50 day MVA on stronger above average volume. Reported good earnings after hours and is trading at 30.
CHRS 10/09 Cup hdl 14.89 +0.04 15.21 18.25 677K 2.8M 14.22
Buy Not Hit.
COH 09/25 Test BO 35.36 -0.76 35.05 40.48 2.4M 5M 35.55
Current. Gapped down and continued to move down holding the 18 day MVA on below average volume. Should rebound from here.
CRM 10/18 Test BO 40.13 -0.27 41.35 49.45 830K 2.2M 39.65
Buy Not Hit. Pullback showing a doji on the 10 day MVA on low volume. Still in the pattern.
CRM 09/12 Cup hdl 40.13 -0.27 36.61 42.95 830K 3M 39.48
Current.
CWTR 09/16 Cup hdl 29.76 +0.29 29.16 35.35 834K 1.6M 28.69
Current. Moving up after testing the 18 day MVA on low volume.
CXW 10/18 Test 18 45.34 -0.07 46.48 54.85 671K 600K 44.78
Buy Not Hit. Filling in the gap. Pullback testing the 18 day MVA intraday on stronger above average volume. Still in the pattern.
DJO 10/18 Asc Tri 39.51 -0.04 40.65 48.78 141K 280K 38.95
Buy Not Hit. Holding the 50 day MVA on rising volume. Came off the day's high of 39.84 (10 day MVA )
DRIV 09/09 Test BO 53.27 -1.08 50.34 57.50 750K 1.4M 52.31
Current. Pullback holding the 10 day MVA on below average volume. Meeting some new resistance at 54.
FFIV 10/13 DB hdl 56.85 +0.23 60.15 71.95 526K 1.5M 56.95
Buy Not Hit. Bounced off the 200 day MVA and rallied back on low volume. Still forming the handle.
GME 10/11 Cup hdl 51.27 +0.29 49.84 58.95 674K 2.1M 49.65
Current. Continue with the uptrend. Tested the 10 day MVA intraday and rallied back on low volume.
GYMB 10/18 Test BO 46.53 +0.93 46.35 52.95 1.1M 1.6M 44.85
Entered today. Got the breakaway move we were looking for on strong volume.
GYMB 09/19 Cup hdl 46.53 +0.93 37.52 44.68 1.1M 1.4M 44.22
Current.
HOC 10/10 Dbl btm 49.27 +1.84 46.82 54.50 751K 1.2M 47.11
Current. Continue to move up the 10 day MVA for a nice gain on low volume.
HOLX 10/10 Dbl btm 48.59 -0.25 48.40 55.95 497K 1.1M 47.55
Current. Pullback testing the 10 day MVA intraday and rallied back on low volume. Routine pullback.
ICE 10/18 Test 18 81.55 -0.33 83.22 94.95 1.9M 2.4M 79.25
Buy Not Hit. Pullback testing the 18 day MVA intraday and rallied back showing a doji on the 10 day MVA on below average volume. Still in the pattern.
ICON 09/30 Cup hdl 18.26 +0.16 17.44 20.80 344K 665K 17.37
Current.
ISE 10/14 Cup hdl 50.32 -0.34 51.44 58.95 364K 833K 48.65
Current. Routine pullback on low volume.
ISE 09/16 Cup hdl 50.32 -0.34 46.05 52.95 364K 550K 48.65
Current.
KNOT 09/23 Cup hdl 23.93 +0.53 21.21 25.55 225K 490K 22.55
Current. Recovered on low volume much of yesterday's loss as stock continues the uptrend.
LIFC 10/16 Asc Bse 31.99 +0.10 32.25 38.75 1.1M 1.1M 29.98
Buy Not Issued. Tapped 30.88 at the intraday low and rallied back on strong volume. Looking good.
LRCX 10/18 Test BO 49.78 +0.75 49.75 57.45 3.3M 5.7M 48.31
Entered today. Bounced off the 10 day MVA on low volume. Moving up after testing the breakout.
LRCX 09/30 Cup hdl 49.78 +0.75 45.69 54.95 3.3M 5M 49.95
Current.
MOLX 08/28 Cup hdl 38.79 -0.17 36.72 40.95 731K 550K 37.92
Current. Pullback holding the 18 day MVA on average volume. Beginning to make a lateral move.
MOLX 08/10 Test 50 38.79 -0.17 34.72 40.95 731K 625K 37.92
Current.
MVSN 08/28 DB hdl 26.50 +0.03 24.14 26.95 276K 990K 25.65
Current.
NIHD 10/07 Test BO 64.43 +0.10 64.55 74.45 1.2M 2.4M 62.39
Buy Not Issued. Tapped 63.22 at the intraday low and rallied back on low volume. Still in the pattern. Looking for the breakaway move.
NTRI 10/12 DB hdl 65.19 -0.27 66.72 79.95 878K 2.9M 63.38
Buy Not Hit. Pullback testing the 10 day MVA intraday and rallied back on low volume. Still forming the handle.
NVDA 10/03 Test 50 32.16 +0.60 28.26 32.50 7.8M 17M 31.65
Current. Bounced off the 18 day MVA to hold the 10 day MVA. Moving up after typical pullback.
NVEC 10/14 Test 50 38.40 +6.53 33.75 40.00 4.6M 580K 36.38
Target Hit. Gapped up at the open for an explosive move hitting the target. Took some of the money off the table.
PENN 10/17 DB hdl 38.30 -0.80 39.44 46.95 261K 900K 37.35
Buy Not Issued. Ease back holding the 10 day MVA on low volume. Still forming the handle.
PKE 10/07 Cup hdl 31.91 -0.16 33.22 39.88 199K 281K 32.11
Current. Gapped down tapping 31.35 at the intraday low and rallied back showing a doji on the 18 day MVA on rising, volume. Typical pullback. Should rebound from here.
PLCE 10/11 Cup hdl 67.30 -0.58 66.56 76.75 271K 922K 66.28
Current. Pullback holding the 10 day MVA on low volume. Routine pullback. Should rebound from here.
PLCE 09/14 Test 20 67.30 -0.58 59.85 68.00 271K 800K 66.28
Current.
PRFT 09/19 Test BO 16.92 +0.14 15.08 18.12 236K 345K 16.78
Current.
RTEC 09/19 Cup hdl 18.25 -0.58 19.12 23.15 525K 450K 18.98
Exited.
RVSN 10/17 Cup hdl 19.11 -0.09 19.35 23.32 149K 225K 18.28
Buy Not Issued. Ease back on average volume. Still forming the handle.
SEIC 08/14 Asc Bse 57.41 -0.79 50.72 58.50 637K 750K 57.98
Trailing Stop.
SIGM 10/09 Cup hdl 18.85 -0.15 16.09 19.39 463K 928K 17.39
Current. Ease back on low volume. Still in uptrend.
SMSC 10/03 Cup hdl 30.47 -0.33 29.21 34.75 167K 504K 31.22
Current. Ease back on low volume holding the 10 day MVA. Typical pullback. Should be ready to bounce from here.
SMSC 09/16 Cup hdl 30.47 -0.33 30.05 34.75 167K 504K 31.22
Current.
SMSI 10/18 Test BO 16.13 -0.53 17.35 20.95 1.9M 1.1M 15.95
Buy Not Hit. Pullback tapping 15.41 at the intraday low and made a fierce rally back on strong volume surge managing to hold the 10 day MVA. Showing strength coming off the day's low.
SMSI 10/04 Rv H&S 16.13 -0.53 15.23 17.98 1.9M 1.5M 15.95
Current.
TRAD 10/07 Cup hdl 16.25 +0.50 16.40 19.72 2.4M 450K 15.32
Current.
TSRA 10/14 Rv H&S 35.76 0.00 37.05 43.45 923K 710K 35.08
Current.
UARM 10/18 Test BO 46.41 -0.19 45.85 54.95 336K 1M 44.85
Buy Not Hit.
UARM 09/11 Dbl btm 46.41 -0.19 37.12 43.00 336K 1M 45.27
Current.
UTSI 10/05 Cup hdl 9.97 +0.22 9.56 11.68 1.8M 2.5M 9.67
Current. Bounced off the 10 day MVA for a nice gain on low volume. Meeting some resistance at 10
ZUMZ 10/14 Rv H&S 31.28 -0.16 33.32 39.95 132K 923K 31.78
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
LCAV 10/11 Put 32.95 -0.16 34.35 31.85 441K 830K 34.72
Buy Not Issued. Need a relief bounce.
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.
|
us stock market
trend trading stock
|
