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Begin part 2 of 3
Part 3 containing new plays and full write-ups will be forwarded later today.
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
^SOXX 01/06 Test 20 0.00 +0.15 476.00 496.00 0 0 478.55
Current. Gapped lower as AMD revised lower due to INTC selling
cheap chips, but rebounded to close flat, keeping itself
in very good shape. Indeed, really like this test.
AKAM 01/03 Test 50 53.12 -0.47 53.55 61.35 2.3M 7.6M 52.38
Current. Rallied intraday quite nicely then faded back to flat
on low volume. Still set up nicely to continue higher.
AMAG 12/27 Test 18 63.79 +1.52 60.55 71.95 278K 425K 61.72
Current. Solid end to the week, jumping off the 18 day EMA and
approaching the Dec high near 70. Not a lot of volume
but it has not had much the whole move. Needs to show
us some trade to break up that Dec high, however.
AMKR 01/06 Cup hdl 11.28 -0.02 11.30 13.69 3.5M 5.9M 10.51
Current. Held steady after that strong Thurs surge. Good breakout
and a rest on Friday was nothing nefarious.
ASIA 01/10 Test BO 8.38 +0.63 8.68 10.78 2.9M 500K 7.94
Entered today. Gapped higher on word of a new contract. Bought in
and it rallied to 8.84 on the high but then faded into
the afternoon. Nice volume break higher so just going
to let it work for us.
ATHR 01/04 Cup hdl 24.41 -0.14 23.05 28.21 944K 3.2M 23.48
Current. Took a day off Friday on very low volume, taking a
breather after the strong move for the week.
ATI 01/11 Dbl btm 90.64 +0.23 90.88 99.90 1.6M 3.2M 88.45
Buy Not Issued. No volume as it posted a modest gain. Still looks solid
for the run to 100.
BIDU 01/09 Cup hdl 124.70 -6.48 127.00 139.95 4.3M 4.5M 126.31
Current. Had a tough session after the nice mid-week move, falling
back to the 10 day EMA on the close, showing some rising
trade. This is where it needs to hold and continue
the move higher.
BMC 01/10 Test BO 34.70 -0.10 35.31 40.95 1.9M 2.4M 33.95
Buy Not Hit.
BMC 12/16 Flat 34.70 -0.10 33.10 39.75 1.9M 2.5M 33.98
Current. Still the excellent lateral move as the 10 day EMA
rises to meet it and send it on the next run higher.
BOBJ 12/16 Cup hdl 38.28 +0.35 40.65 48.88 1.9M 2.5M 38.65
Current. Bounced off the 50 day EMA where it closed Thursday after the SAP warming. A good response at key support w/volume moving back up to average. Showing some pop still, but this is where it needs to deiver a strong break higher.
BRCM 01/04 Test 20 32.31 -0.06 34.38 42.95 5.1M 17M 32.36
Current. BRCM continues to bedevil. It faded back to the 200
day MA, gapping lower Friday but on below avg volume.
We expect it to hold here, and on a move back up thru
33 on volume we are looking to add positions.
BSC 01/06 Test 18 171.51 +0.86 163.10 179.00 1.5M 2M 168.11
Target Hit. Took part of the solid option gain (63%) as BSC gapped lower but then rebounded to put the finishing touches on a strong week. Given the week of gains it was worth banking some excellent gain made this week. Letting the rest of the positions run higher.
COH 09/25 Test BO 45.82 +0.20 35.05 40.48 2M 5M 43.98
Current. Not a lot of volume, but caught a bid last week and
cleared to a new all-time high as it continues to sashay
higher in its trend.
CRAY 12/20 Test 50 12.99 -0.18 11.21 13.65 276K 596K 12.28
Current. Took a low volume day off Friday after a very nice
surge for teh week. It is up for three weeks straight
without a significant pause, so a test toward the 10
day EMA (12.42) is likely.
CTRP 12/21 Test BO 64.73 +0.24 63.88 73.48 243K 475K 63.69
Current.
CTRP 12/09 Test BO 64.73 +0.24 58.50 69.95 243K 525K 63.69
Current. Excellent low volume pullback that is holding the 10
day EMA all week. Nice set up for the next strong breawk
higher.
EFUT 01/10 Cup 34.37 +0.07 36.05 44.75 419K 2M 33.72
Buy Not Hit. Nice set up for the break higher.
FFIV 01/04 FlyPlat 79.77 +1.32 77.45 91.95 930K 1.1M 76.11
Current. Volume moved up to average as FFIV posted a good session
as it continues to run higher up the 10 day EMA.
GPRO 12/13 Cup 51.84 +0.73 53.85 61.55 372K 400K 51.68
Current. Good bounce off the 200 day SMA test on average volume Friday after a very strong volume doji Thursday at that level. Good shakeout last week and quite a but of buying volume. Looking for that to send it higher this week.
GS 01/08 Flat 213.99 +2.11 204.55 225.00 6.6M 4.9M 209.78
Current. Another nice, strong surge as GS enjoyed a super week
as it blasted out of its flat consolidation. Just letting
it run higher as it is showing no signs of slowing.
HCP 12/20 Test BO 39.38 +0.05 36.80 4395.0 938K 1.4M 37.95
Target Hit. After a super surge the past week HCP started showing some signs of slowing with a doji Thursday and a negligible Friday gain on lower, below avg volume. Took part of the solid 67% option gain given the action, but like it enough to let the rest or pause.
HLTH 12/12 Saucer 12.93 -0.03 12.38 14.85 4.9M 5M 12.77
Current. Strong move to start the week and then a lateral move
to close it out. Reached lower intraday Thursday but
then rebounded on stronger, avg volume. That shows
buyers coming back in so we will just let it work for us.
HMSY 12/14 Asc Bse 17.90 -0.59 14.98 18.31 138K 331K 17.45
Current. Fading some after the strong move for the week, but
volume was very low after strong upside volume for
the week as it surged out of the nice flat consolidation
at the end of its base.
IBM 12/12 Test 18 99.34 +0.69 95.05 104.95 6.6M 8M 97.45
Current. After a super start to the week IBM faded back to the
10 day EMA and made moderate gains from there to finish
it out. Not bad action at all, still riding the 10
day EMA higher.
IIVI 01/10 Test BO 29.21 -0.05 29.48 34.95 108K 295K 27.98
Buy Not Hit. Moved laterally the entire week as the 10 day EMA rose
to meet it. Looking for that to send it higher in teh
week ahead.
IIVI 12/18 Asc Bse 29.21 -0.05 27.64 32.98 108K 270K 27.95
Current.
INFY 12/19 Test 50 58.06 +1.84 54.37 65.45 3.6M 2.6M 55.95
Current. Excellent breakout Thursday and Friday as INFY reported
solid results and is reaping the reward. So are we.
ININ 01/08 Test 18 21.22 -0.72 22.04 26.75 298K 500K 20.62
Buy Not Issued. Never got the really great volume and faded to end
the week, though on below avg volume. A test of the
18 day EMA (20.69) sets up the next break higher.
INWK 01/08 Test 50 16.20 +0.04 16.68 19.97 1.2M 400K 15.69
Buy Not Issued. Gapped sharply lower but managed a recovery to hold
the consoldiation. Will keep watching it but don't
like the jump in volatility.
JSDA 01/03 Test BO 12.49 +0.29 12.41 14.98 402K 550K 11.95
Current. Shook off the high volume test of the 10 day EMA on
Thursday. Still in excellent shape.
KNOL 01/09 Asc Bse 11.30 -0.08 11.38 13.95 78K 165K 10.58
Buy Not Issued. Tried to extend the move with a gap higher but sold
back to close flat as volume faded below average. Still
solid and just looking for the breakaway move to hold.
KNOT 01/08 Test 50 29.61 +0.76 27.57 32.98 755K 625K 28.28
Current. Looking super with a strong move Friday to end a strong
week of gains off the 50 day EMA as KNOT moves to a
new all-time high.
LEH 12/20 DB hdl 82.74 +1.63 78.38 89.95 5.5M 5.5M 79.95
Current. Outstanding week for LEH as it bolted off the 50 day
EMA on strong volume, closing on its high to end the
week. Letting it run given this very strong move.
LRCX 01/09 Test 50 54.54 +1.04 52.48 60.45 3.8M 5.5M 51.95
Current. Volume was up again Friday, rising on strong, above
average volume. Excellent surge this week.
MA 01/04 Cup 105.25 -0.25 101.11 119.75 1.8M 3.5M 102.15
Current. Finished the week moving laterally after the strong
surge Monday and Tuesday. Letting the 10 day EMA catch
up with it and then likely to continue the move higher.
MRVC 12/27 Cup hdl 3.62 -0.02 3.72 4.78 1.4M 2M 3.46
Current. Still holding at the 18 day EMA with a second doji.
Making a higher low and this should send it sharply higher.
MS 12/11 Asc Bse 82.86 +0.49 80.19 91.95 4.2M 5M 80.89
Current. Solid move the last half of the week, coming off the
18 day EMA test. Volume was solid as well, fading slightly
as the week ended. Still in the nice trend up the 18
day EMA.
MXIM 01/08 Test 20 33.63 +0.91 32.38 38.95 7.1M 6.5M 32.48
Current. Super volume Friday as MXIM surged higher, continuing
its nice move off the 200 day EMA test. Plenty of room
ahead to continue the run.
NITE 12/27 DB hdl 21.26 -0.21 20.37 24.41 1.1M 2M 20.45
Current. Excellent surge last week on solid upside volume. Took
the day off Friday, easing back on much lower, below
avg volume. Will let it rest and then ride it further.
NTAP 12/16 Test BO 39.80 -0.26 41.45 47.95 3.4M 5M 39.45
Buy Not Issued. Still working laterally, holding the 18 day EMA as
it continues an 8 week lateral move. Trying to make
a higher low and make the breakout.
NVLS 11/13 Cup hdl 32.75 -0.49 31.12 37.25 3.8M 3.9M 33.57
Current. Faded all week, but held the 50 day EMA on the low.
Bounced but then sold back Friday on lower, below avg
volume. Looking for it to make another break higher
off of this support level.
PCLN 12/20 Asc Bse 44.50 -0.15 43.05 50.95 426K 1.4M 43.38
Current. Working laterally to close the week, holding the 10
day EMA. Still walking higher up that near support.
SMG 12/20 Test BO 53.68 +0.34 52.20 59.95 326K 450K 52.38
Current. Lower average volume but another price gain as SMG
continued its midweek break higher where it finally
came back to life.
SNDA 12/26 Test 18 21.10 -0.10 21.66 25.99 384K 750K 21.35
Current. Nice strong move Thurday off the 18 day EMA test and
then a gap higher Friday that could not hold. Low volume
test and still looks solid for a new upside break.
SYK 12/18 Test BO 58.77 -0.18 55.67 63.95 3.8M 1.4M 57.22
Current. Excellent week as SYK broke higher on strong volume
mid-week. Friday it took the day off, and it is likely
to take another day or two before it continues the
breakout move.
TALX 12/16 Asc Bse 27.88 +0.37 27.38 32.95 110K 325K 26.68
Current. Well, the price started higher Friday but volume did
not. Still in excellent shape to make the break higher
form the 4 week lateral move above the 18 day EMA.
TECH 12/11 Test 20 58.35 +0.08 56.69 64.95 79K 300K 56.88
Current. Excellent week for TECH, jumping higher on a sharp
rise in volume. Posted a modest gain Friday as volume
fell off the table. Excellent action all around.
USM 12/26 Test 18 72.84 +0.09 69.68 79.75 130K 150K 70.11
Hit 74 on the Thursday and Friday high, fading back
both sessions. Strong uptrend even with these failed
breaks.
VCLK 01/03 Test 18 22.78 -0.40 24.31 29.32 1.7M 3.5M 23.15
Buy Not Hit. Plopped on the 50 day EMA Friday after a promising
Wed and Thurs. Still holding support so goign to see
if it can show us the break higher.
VRNT 12/21 Rev HS 35.47 +0.44 34.78 40.68 42K 200K 32.98
Buy Not Issued. Now volume as it drifts higher. Will keep watching
it but dropping for now.
VRSN 01/11 Test 50 24.52 -0.09 24.82 28.95 2.4M 4.5M 23.88
Buy Not Hit. Still working laterally along the 10 day EMA after
the test. I tis set up well to rally and fill that
downside gap from the summer of 2005.
VSEA 12/09 Asc Bse 45.93 -0.84 45.13 51.95 1.8M 1.4M 45.32
Current. Reversed off the highs Thursday and sold some more Friday, gapping lower with many of the chips. It held the 10 day EMA on the close. Volume was very high. We want it to squeeze more out of this leg and holding at the 10 day was a positive.
WFR 01/06 Cup hdl 45.32 -0.52 41.40 47.95 4.3M 5.5M 44.35
Current. After a week of gains WFR stalled out at 46. Thought
about takign some of the gain off the table, but decided
to wait given the day was weak overall for chips &
likely to get a rebound ths week.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
TEK 01/06 Put 28.85 -0.02 28.40 27.05 383K 610K 29.11
Current. Doji below the 10 day EMA. Having a hard time, hardly
even trying to get through. Need to see it fade this
week and follow that weak money flow.
UTEK 01/06 Put 12.21 +0.09 12.37 11.31 257K 375K 12.65
Buy Not Issued. Thumped lower Thursday but rebounded to test teh 10
day EMA again on Friday. After this little bump higher
it looks ready to fall.
End part 2 of 3
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