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us stock market, top stock pick
Beign part 2 of 3
New plays, full write-ups in part 3
CONTINUING PLAY TABLE:
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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
AKAM 11/11 DB hdl 54.52 +1.52 50.81 60.95 2.5M 7.5M 53.95
Current. Nice hold at the 18 day EMA Tuesday & a solid, though low volume of course, bounce Wednesday. We were a bit worried about this one heading into 2007 being one of the best stocks in 2006. Thus far it is holding the last breakout quite well.
AKAM 10/21 Test 50 54.52 +1.52 47.20 55.95 2.5M 7M 53.95
Current.
BMC 12/16 Flat 32.91 +0.33 33.10 39.75 1M 2.5M 31.89
Current. Tried to move out of the lateral range again but again
posted just a modest gain. It has shifted to the upper
half of the range but thus far remains somewhat clogged
up in the 7 week lateral consolidation.
BOBJ 12/16 Cup hdl 39.31 -0.12 40.65 48.88 752K 2.5M 38.65
Current. Modest loss on low volume as BOBJ held the 18 day EMA,
making a higher low to set up the continuation of its
run higher.
CELG 11/30 Test 18 57.93 +0.16 57.38 65.65 2M 4.4M 57.65
Current. Still working up the 18 day EMA, rebounding off that
level Tuesday and then a modest gain Wed. Choppier
but holding true to the trend.
CMED 12/26 DB hdl 27.12 +0.44 27.45 32.98 551K 943K 25.85
Entered today. Jumped up on some rather solid volume, but could not
hold all the move. Still not bad at all and still ready
for a nice run higher.
COH 09/25 Test BO 43.31 -0.12 35.05 40.48 1.7M 5M 42.54
Current. Basically nowhere, holding the 10 day EMA on the close
as it continues higher but still has that choppy look
the past four weeks.
CRAY 12/20 Test 50 11.79 +0.54 11.21 13.65 299K 596K 10.88
Current. Excellent bounce after a slow work up the 10 day EMA.
Volume still below average but up on the session. Like it.
CTRP 12/21 Test BO 63.72 +0.35 63.88 73.48 162K 475K 61.22
Buy Not Issued.
CTRP 12/09 Test BO 63.72 +0.35 58.50 69.95 162K 525K 61.45
Current. Tapped the 10 day EMA on the low and posted a gain
on modest trade. Could have taken more positions but
decided to hold off. If it continues tomorrow we will
add some positions.
GPRO 12/13 Cup 52.16 -0.15 53.85 61.55 246K 400K 51.68
Current. Gapped lower but held the 18 day EMA & tried the bounce.
Ended up showing a rising star doji on higher volume.
That indicates it is ready for a move higher.
HCP 12/20 Test BO 36.15 +0.40 36.55 43.85 971K 1.4M 35.32
Buy Not Hit. Gapped higher on rising volume and held the gain. Looks
to be ready to follow that money flow higher.
HLTH 12/12 Saucer 12.63 +0.24 12.38 14.85 3.2M 5M 12.15
Current. Nice volume bump (all things considered) as HLTH jumps
off the 18 day EMA after that nice test. Very solid
action. Very healthy action.
HMSY 12/14 Asc Bse 15.47 +0.32 14.98 18.31 81K 331K 15.28
Current. Volume was up as HMSY moved out of a 5 day lateral
move above the 10 day EMA. Good action and ready to
continue the trend higher. Nice.
IBM 12/12 Test 18 97.10 +1.54 95.05 104.95 4.5M 8M 95.45
Current. Gapped higher and rallied to the close on stronger
volume. Excellent.
ICON 12/13 Test BO 19.50 +0.32 19.89 23.89 535K 944K 19.04
Current.
IIVI 12/18 Asc Bse 27.76 +0.10 27.64 32.98 74K 270K 26.48
Current. Modest move higher on the heels of the solid Tuesday
move off the 10 day EMA. Solid but still want to see
the upside breakaway.
INFY 12/19 Test 50 54.72 +0.41 54.37 65.45 929K 2.6M 52.98
Current. Gapped higher to 55 but faded back on lower trade,
holding some of the session gains and the solid Tuesday
move.
ININ 12/13 Asc Bse 20.15 +0.65 19.48 23.35 304K 350K 18.98
Current. A second excellent session as ININ comes off the 18
day EMA on rising volume the past two sessions. Market
leader that took a breather and is now finding its
feet again.
KNOL 12/13 Asc Bse 10.43 -0.06 10.78 13.38 51K 186K 10.03
Buy Not Hit. Hammer doji with tail at the 50 day EMA Wed. Volume
bounced some on the rebound. Money flow remains strong.
Looking for it to make this higher low into a breakout.
LEH 12/20 DB hdl 78.65 +1.16 78.38 89.95 2.1M 5.5M 76.62
Current. Gapped higher on rising but still below avg volume.
Has reached the October highs and this is where we
want to see the brothers work together and really make
its run.
MS 12/11 Asc Bse 81.92 +1.27 80.19 91.95 2.7M 5M 79.98
Current. Gapped higher, tested intraday, and then continued
to close at the high on rising though below avg volume.
Nice test of the 18 day and nice rising volume bounce.
NTAP 12/16 Test BO 39.86 -0.10 41.45 47.95 1.8M 5M 39.45
Buy Not Issued. Gapped higher but then turned back to close flat w/modestly
rising volume. Held the 18 day EMA on the close and
still set up to continue higher as it makes a higher
low here.
NTGR 12/06 Test BO 26.87 +0.18 26.53 31.89 233K 1M 26.24
Current. Gapped higher but modest gain showing a doji on low volume as it continues working in its 9 week lateral range that is taking on the shape of a reverse head and shoulders, a bullish development that can send it higher.
NVLS 11/13 Cup hdl 34.77 +0.17 31.12 37.25 2.4M 3.9M 33.39
Current. Strong price move Tuesday and added a bit Wed on rising
but still low trade. Strong chip stock that continues
its rally up the 10 day EMA.
OPLK 12/04 Dbl btm 20.71 +0.28 21.30 25.45 169K 395K 20.38
Current. Held the 50 day EMA test and is trying to use that
as the floor to bounce it off the newly formed handle
to its double bottom with handle base. Nice set up.
Needs to show us the breakout now.
PCLN 12/20 Asc Bse 43.97 +0.90 43.05 50.95 1M 1.4M 41.68
Current. Excellent break higher on rising, average volume. Nice.
PKTR 12/14 Test BO 13.85 +0.15 13.48 16.85 478K 683K 12.77
Buy Not Issued. Volume moved up to avearge as PKTR cleared the past
week's lateral move. A buy on a continued move from here.
RATE 12/11 Test BO 38.48 +0.09 39.15 47.45 258K 495K 36.41
Buy Not Hit. Volume was up again on Wed & though still below avg,
RATE looks as if it is ready to make the bounce. Need
to see it, but sure looks ready.
SINA 11/21 Test BO 28.81 +0.20 29.00 33.98 273K 950K 28.45
Current. Recovered the 10 day EMA on the close, bouncing up
from last week's test. Good recovery and set up well
for the next upside run.
SMG 12/20 Test BO 52.11 +0.49 52.20 59.95 171K 450K 50.88
Entered today. Gapped higher off the 10 day EMA test of the past week. Volume was up but still below avg, but liked this action.
SNDA 12/26 Test 18 21.66 +0.24 21.66 25.99 759K 750K 20.31
Entered today. Gapped higher and then filled the gap intraday before rebounding to close near the session high, continuing the solid Tuesday move.
SYK 12/18 Test BO 55.33 +0.41 55.55 63.95 598K 1.4M 54.05
Buy Not Hit. Still working laterally over the 10 day EMA, still
looking for the breakout move., still solid.
TALX 12/16 Asc Bse 27.59 -0.04 27.38 32.95 137K 325K 26.57
Current. Solid move Tuesday off the 10 day EMA and then a stall
Wed. Still holding the break higher, just needs to
get over 28 with some authority.
TRMB 12/19 PreAnn 52.09 +0.20 52.74 60.89 179K 500K 50.54
Current. Continuing the move off the 10 day EMA test from last
week, but not as vigorous a move as on Tuesday. Still
holding its break higher and now we want to see it
get some upside gas.
TSRA 11/08 FlyPlat 41.27 +0.62 38.88 45.95 477K 1M 39.58
Current. Volume was up Tuesday as TSRA posted its 2nd consecutive
gain off the 18 day EMA test from late last week.
USM 12/26 Test 18 69.40 +0.95 69.32 79.75 36K 150K 67.94
Buy Not Issued. Nice price bounce off the 18 day EMA, but just no volume
on the move so we decided to wait and see if it can
continue the move Thursday, and if it does that is
where we move in.
VRNT 12/21 Rev HS 34.65 +0.69 34.78 40.68 69K 200K 32.98
Buy Not Hit. Moving up to the buy point on the heels of that strong
volume Tuesday bounce off the 50 day EMA. Want to see
volume pick up a bit more as it makes the breakout move.
VSEA 12/09 Asc Bse 45.94 +0.16 42.22 48.95 693K 1.4M 43.68
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BBY 12/26 Put 49.64 +0.41 49.21 46.88 4.2M 5.5M 50.09
Buy Not Issued. Managed to rebound again toward the 10 day EMA (49.99),
refusing to give up but also setting up a better downside
entry point when this 10 day EMA test fails.
CNX 12/18 Dbl Top 32.93 +0.09 33.30 31.05 1.1M 2.4M 33.22
Current. Showing some dojis, bouncing off the intraday lows the past two sessions. Looks as if it might be ready to bounce back up in its downtrend, but still in the downtrend. Not sure we want to let it make that kind of a bounce.
CVD 12/12 Put 59.40 +0.88 59.84 58.00 236K 550K 59.04
Current. Very low volume bounce that tapped the 18 day EMA and
stalled. Needs to fall here & continue the breakdown.
EYE 12/09 Put 35.51 +0.01 35.72 34.18 530K 1.8M 36.32
Buy Not Issued. Not making the breakdown though still working below
the 10 day EMA. Will drop for now but keep watching
it for the breakdown.
POOL 12/16 Put 39.08 +0.51 38.38 36.11 227K 540K 39.11
Buy Not Issued. Bounced off support at 38. Dropping it for now.
PPS 12/21 Put 45.95 +0.38 45.54 43.25 270K 290K 46.21
Buy Not Issued. A second upside session that moved through the 200 day EMA (46.13) but could not hold the move. If it rolls back over at this key resistance (200 day MA & price resistance) it is a buy on the way back down for the downside play.
TSCO 12/16 Put 44.96 +0.61 45.40 42.50 265K 520K 45.38
Current. Rallied to take back some of the losses, but low volume
and still trending lower below the 10 day EMA. Going
to let it continue the overall trend lower.
End part 2 of 3
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us stock market
top stock pick
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