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trading system, stock trading system
Begin part 2 of 2
THE PLAYS:
Good movers: AAPL; BIDU; CTRP; JCP; LTD; LVS
New Plays:
New Post-Split Plays:
Play Date: 11/08/2006
CAM (Cooper Cameron--$53.18; +1.32; optionable): Oil and gas service company
http://biz.yahoo.com/p/c/cam.html
STATUS: Double bottom w/handle. Volume jumped above average Wednesday as CAM broke higher from a 7 month base that set up after hitting a new all-time high in that big May run higher by energy stocks and commodities. Took its time after that run to form a nice base, and the Wednesday move was a nice break higher over some resistance in the pattern. Solid action and ready to move in as it continues the move.
Volume: 3.034M Avg Volume: 2.179M
BUY POINT: $53.35 Volume=2.2M Target=$61.45 Stop=$51.22
POSITION: CAM BJ - Feb. $50c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/cam.html
Play Date: 11/08/2006
THQI (THQ, Inc.--$30.55; +1.86; optionable): Multimedia graphics software
http://biz.yahoo.com/p/t/thqi.html
STATUS: Test 50 day EMA. Nice breakout in early September from a 5 month cup with handle base took THQI to 32 in mid-October. It came back to test, then sold a bit more to start November in that selling. That took it to the 50 day EMA (28.82) Tuesday, but Wednesday it was full of fire as it rebounded to post a nice price gain on continued strong volume. Nice rebound off of key support, and looking to move in as it continues through the buy point.
Volume: 3.128M Avg Volume: 1.483M
BUY POINT: $31.38 Volume=2M Target=$37.72 Stop=$29.69
POSITION: QHI CF - Mar. $30c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/thqi.html
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
AAPL 10/12 DB hdl 82.45 +1.94 75.55 88.00 25M 32M 79.08
AAPL 08/21 Cup hdl 82.45 +1.94 68.12 78.00 25M 40M 79.08
Current. Bounced off the 10 day MVA for a nice gain on rising volume. Continue with the uptrend.
ADS 10/26 Test BO 61.25 +0.03 61.17 69.95 879K 1.3M 59.11
Current. Tested the 10 day MVA intraday and rallied back on lower below average volume. Moving up after testing the 18 day MVA.
AKAM 10/21 Test 50 50.64 +0.81 47.20 55.95 6.8M 7M 48.04
Current. Continue with the uptrend on lower, but strong volume. Moving up after testing the 50 day MVA.
AMT 11/02 Test 50 37.29 -0.33 37.75 43.95 2.5M 3M 35.88
Buy Not Issued. Pullback on stronger above average volume. Still in the pattern. Looking for the clear and decisive move on strong volume.
ATVI 11/04 PreAnn 15.87 +0.22 16.14 19.38 11M 5M 15.18
Buy Not Issued.
BIDU 11/07 Asc Bse 96.10 +2.22 91.15 101.95 5.1M 2M 93.15
Current.
BLUD 10/28 Test BO 26.79 -0.36 27.74 32.65 521K 1.1M 26.32
Current. Ease back testing the 18 day MVA intraday and rallied back on low volume. Looking for a rebound off the 18 day MVA (26.52)
BRCM 09/25 Test 50 31.89 -0.09 30.96 35.68 20M 17M 30.98
Current. During the session gapped down at the open and rallied back to recover some of the loss on lower, but strong volume. Trading up .92 after hours on CSCO earnings.
BWS 09/21 Cup 39.46 -0.15 35.56 40.88 174K 296K 38.55
Current. Pullback testing the 10 day MVA intraday and rallied back on rising volume. Moving up after testing the 18 day MVA.
CBG 11/06 Test BO 30.18 +0.51 29.65 35.95 3.3M 2.4M 28.64
Current. Continue to move up the 10 day MVA on strong volume. Came off the day's high of 30.79
CERN 11/02 Rev HS 49.85 -0.42 49.50 56.95 447K 600K 47.95
Current. Pullback tapping 49.16 at the intraday low and rallied back on low volume. Still in uptrend.
CMTL 11/07 Cup hdl 36.96 +0.24 37.04 44.45 255K 275K 34.88
Buy Not Issued.
COGO 10/14 Cup hdl 17.20 +0.25 16.00 19.25 1M 1M 16.95
Current.
COH 09/25 Test BO 38.98 -0.51 35.05 40.48 3.3M 5M 38.45
Current. Pullback holding the 10 day MVA on average volume. Typical pullback.
CRM 11/06 Cup hdl 42.10 -0.83 42.40 49.95 1.7M 3M 39.95
Current. Gapped down testing the 18 day MVA intraday and made a fierce rally back showing a doji on average volume. Should be ready to rebound from here.
CTRP 10/28 Test 50 53.69 +1.02 51.00 61.45 595K 577K 52.45
Current. Another nice move up the 10 day MVA on lower but strong volume.
CTSH 11/02 Test 50 77.12 -0.14 76.60 87.95 1.6M 2M 73.95
Current.
CXW 10/18 Test 18 47.33 -0.62 47.60 55.75 502K 600K 45.95
Current. Gapped down on average volume. Typical pullback.
DECK 11/04 Test BO 53.33 +0.36 52.38 62.95 226K 4M 50.57
Buy Not Issued.
DRIV 09/23 Test BO 58.58 -0.14 51.65 58.48 695K 1.1M 56.38
Current. Pullback showing a doji on low volume. Moving up the 10 day MVA.
EAT 11/07 PreSplt 47.23 +0.70 48.11 55.95 1.2M 1.5M 44.74
Buy Not Hit.
FCFS 10/30 Rev HS 21.84 -0.53 21.72 26.95 221K 450K 20.75
Buy Not Issued.
FFIV 11/04 Test BO 65.49 -1.68 65.05 74.95 1M 1.2M 62.95
Buy Not Issued.
FFIV 10/13 DB hdl 65.49 -1.68 58.00 69.95 1M 1.5M 64.95
Current. Pullback testing the 10 day MVA intraday and rallied back on average volume. Still in uptrend.
GES 10/28 FlyPlat 64.60 -0.49 56.78 65.45 1.4M 850K 62.75
Current.
GILD 11/07 Asc Bse 68.98 -0.77 70.11 79.90 2.9M 5M 67.78
Buy Not Hit. Pullback testing the 18 day MVA intraday and rallied back on low volume. Still in the pattern.
GLDN 11/01 Test BO 35.75 -1.44 37.22 44.45 203K 245K 35.88
Buy Not Issued. Stock has not made the move we were looking for so will drop.
GME 10/21 Test BO 53.27 +0.23 53.00 60.45 871K 1.7M 50.55
Current. Beginning to consolidate on below average volume.
HOLX 11/06 DB hdl 47.82 +0.06 49.21 56.95 5.7M 1.4M 46.57
Current. Very volatile session tapping 52.34 at the intraday high, but gave it back holding the 18 day MVA on very strong volume surge.
ICE 10/19 Test 18 87.92 +0.80 83.64 94.95 1.6M 2.4M 83.97
Current. Continue with the uptrend on low volume.
JCI 11/07 Cup hdl 83.17 +0.47 85.05 97.85 489K 1.7M 81.95
Buy Not Hit.
JCP 09/26 Asc Tri 78.20 +1.18 70.05 79.95 1.9M 4M 75.38
Current. Tested the 10 day MVA intraday and rallied back for a nice gain on low volume.
LH 10/21 Test 50 68.14 -0.32 68.80 78.75 994K 1.5M 67.22
Current. Pullback testing the 18 day MVA intraday and rallied back on average volume. Moving up after testing the 50 day MVA.
LTD 10/03 Cup hdl 31.69 +0.83 28.40 32.95 5.4M 3.1M 30.88
Current.
LVS 10/28 Cup hdl 79.71 +5.76 76.60 88.95 4.7M 3.1M 77.11
Current. No news, just drawing aces as it breaks to a new all-time
high.
MTW 11/02 Test BO 54.51 +1.32 55.44 66.48 673K 1.3M 52.44
Buy Not Hit.
NBL 11/04 Cup hdl 49.43 +0.81 49.45 56.95 1.1M 1.7M 47.35
Buy Not Issued.
NTGR 11/04 Test BO 26.91 +0.07 26.68 31.89 543K 750K 25.97
Current. Beginning to make a lateral move on low volume. 10 day MVA moving up to meet the stock.
NUE 10/30 Test BO 57.70 -0.82 58.30 67.95 3.7M 4.5M 57.45
Current. Gapped down holding just below the 10 day MVA on low volume. Came off the day's high of 59.21. Should hold here.
PCU 11/03 Cup hdl 55.48 -1.08 53.90 61.95 2.1M 3.2M 54.95
Current. Gapped down showing a doji on low volume. Typical pullback.
PLCE 10/11 Cup hdl 70.75 +0.34 66.56 76.75 359K 922K 68.31
Current. Tapped 69.27 at the intraday low and rallied back on low volume. Moving up after testing the 18 day MVA.
PLCE 09/14 Test 20 70.75 +0.34 59.85 68.00 359K 800K 67.45
Current.
PMTI 10/31 Test BO 49.30 -0.04 49.24 58.88 392K 575K 46.22
Current. Ease back on average volume. Still in uptrend.
QLGC 10/30 Test BO 20.70 +0.10 20.65 24.65 2.1M 3M 20.11
Entered today. Tested the 10 day MVA intraday and rallied back on below average volume.
RDY 11/01 Test BO 17.32 -0.25 17.33 20.81 434K 450K 16.95
Current.
RJF 10/30 Test BO 32.32 +0.04 31.92 37.75 294K 646K 31.11
Current.
SEIC 11/04 Test 50 57.57 +0.38 56.88 64.95 385K 850K 56.68
Current. Moving up on low volume after testing the 50 day MVA
SMSC 10/03 Cup hdl 30.83 -0.29 29.21 34.75 82K 504K 31.22
Current. Ease back testing the 10 day MVA intraday on low volume. Moving up after testing the 50 day MVA.
SMSC 09/16 Cup hdl 30.83 -0.29 30.05 34.75 82K 504K 31.22
Current.
SPIL 10/31 Cup hdl 6.81 +0.09 6.54 7.95 3M 1.8M 6.38
Current. Continue to move up the 10 day MVA on lower, but strong volume. Reaching May highs
STLD 10/31 Cup hdl 60.43 -0.57 61.68 72.45 1.1M 2.1M 59.95
Buy Not Issued.
STT 10/26 PreAnn 63.97 -0.13 64.48 72.95 1.3M 1.5M 62.48
Buy Not Hit.
Good Investing!
Jon L. Johnson and the Stock Split Report Staff.
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 of 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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trading system
stock trading system
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