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us stock market, trend trading stock
Begin part 2 of 3
New plays and full write-ups contained in part 3
CONTINUING PLAYS
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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 01/13 PreAnn 89.07 -5.88 96.38 109.75 84M 50M 92.95
Exited.
AAPL 08/21 Cup hdl 89.07 -5.88 68.12 78.00 84M 40M 93.45
Trailing Stop. Believe it or not, AAPL is even lower after hours following
the IBM earnings report. Gapped down and fell thru
the near support. All of the good news is out & just
have to let it go thru this cycle adn set back up again.
ADS 01/16 DB hdl 63.86 -1.20 66.35 75.95 525K 1.3M 64.38
Buy Not Hit. Fell to the 50 day SMA on light trade. This is still
a solid pattern adn just going to watch it and let
it test and then see if it can show the breakout move.
AKAM 01/03 Test 50 53.12 -0.47 53.55 61.35 2.3M 7.6M 52.38
Current. Tapped the 50 day EMA on the low and rebounded to recoup
some lost ground. Volume was up but still below average.
Still trending up the 50 day MA and as long as it
does that we will let it alone.
AMAG 12/27 Test 18 64.03 -0.52 60.55 71.95 270K 425K 61.72
Current. Ignoring all the other noice in the market, fading
back for a modest loss on continued below avg volume.
AMT 01/08 Flat 39.71 +0.07 39.38 45.45 3.6M 3.5M 38.57
Current. Holding up nicely above the 10 day EMA (39.08) though
the move has stalled some the past few days. Just a
nice pause for now.
ANST 12/26 Cup hdl 27.53 -0.78 28.36 33.95 172K 400K 27.95
Current. Fell through the 18 day but volume was below avg and
it held above the 50 day MA as it has doen during this
rally higher. Thus let it make the test and looking
for a bounce off this support to continue its same uptrend.
ATI 01/11 Dbl btm 90.36 -1.18 90.88 99.90 2.4M 3.2M 88.45
Buy Not Issued. Still in solid position to breakout. Thurs it started
strong but could not keep the move alive, fading to
close at the 10 day EMA. Again, still a very solid
pattern and relatively unphased by the market selling.
BAX 01/04 Rev HS 49.02 +0.64 48.31 55.45 3.1M 2.4M 47.88
Current.
BCR 12/07 PreAnn 83.77 +0.98 85.40 99.95 703K 500K 83.58
Current. Crazy session as BCR gapped higher, made one outrider
trade way down at 80, then closed up less than a point.
Of course, all of the action occured in the first 5
minutes.
BDX 01/16 PreAnn 73.88 +1.13 73.38 83.95 972K 1.5M 71.11
Buy Not Issued. Gapped higher, filled the gap, recovered, closed off
the high . . . you name it. All of that on volume that
remained below average. Another test that holds sets
up our buy when BDX rebounds.
BIDU 01/09 Cup hdl 121.38 -4.11 127.00 139.95 2.7M 4.5M 126.31
Current. Volatile as the wind as always. It was down Thursday
but it held some support at 120 and volume was still
below avg. Needs to hold this 120 level.
BPO 12/16 PreAnn 41.99 +0.54 39.29 46.75 3.3M 695K 40.44
Current. Gapped higher again on some huge volume as the market
liked its deal to get some NYC properties.
BRCM 01/04 Test 20 32.31 -0.06 34.38 42.95 5.1M 17M 32.36
Exited. Looked pathetic, unable to even attempt a bounce as
it faded below all near support.
BSC 01/06 Test 18 169.23 -1.99 163.10 179.00 1.3M 2M 168.11
Current. Came back to the 10 day EMA on rising trade but that
is all. It is still in its strong uptrend above the
10 adn 18 day EMA.
COH 09/25 Test BO 45.05 -0.81 35.05 40.48 3.2M 5M 44.65
Current. Held the 18 day EMA on the low and rebounded to hold
the 10 day on the close. That keeps it in the uptrend.
Impressive.
CRDN 12/05 DB hdl 52.32 -1.19 57.75 68.95 658K 845K 59.22
Exited. Broke thru the recent lows, unable to muster any strength
at that level.
CTRP 12/21 Test BO 63.77 -1.00 63.88 73.48 362K 475K 63.69
Current. Cracked the 18 day EMA on the close but volume remained
below avg. A volatile stock and it held up superbly
in the weak market.
CTRP 12/09 Test BO 63.77 -1.00 58.50 69.95 362K 525K 63.69
Current.
EAT 01/13 Cup 30.58 -0.40 31.52 36.75 1.3M 2M 30.11
Buy Not Hit. Lost some ground but relatively very strong as it held
the 10 day EMA on the close on average volume. Forming
a nice handle to its base.
FFIV 01/04 FlyPlat 75.05 -3.81 77.45 91.95 2.3M 1.1M 76.11
Current. Tough session as it dumped to 75 on high volume where
there is some support. Has to hold in this range.
FRX 12/21 Cup hdl 54.53 +1.08 52.62 59.95 2.7M 3.5M 52.52
Current. Volume was up as FRX moved higher. Showing some real
strength now.
GILD 01/17 Dbl btm 66.16 -0.23 66.72 76.75 3.7M 5.4M 65.11
Buy Not Issued. Gapped higher but faded to close at the 50 day MA.
Still set to make the move higher.
GME 01/09 Test 50 56.85 -0.71 58.48 67.35 686K 2M 55.95
Buy Not Issued. Holding the 10 day EMA on the close, still in excellent
shape to make this test, hold, and then continue higher.
GPRO 12/13 Cup 51.23 -0.95 53.85 61.55 297K 400K 51.68
Exited. Sold on higher volume back to the 200 day MA after
just bouncing from that level. Will see if it can reload
at this level; the pattern is still in decent shape
and the sector is right.
GS 01/08 Flat 209.68 -3.55 204.55 225.00 6.5M 4.9M 209.78
Current. Sold back as did most financials, but held above the
10 day EMA on the close so left it alone.
HCP 12/20 Test BO 38.87 +0.17 36.80 4395.0 1.8M 1.4M 37.95
Current. Gapped lower but then a furious recovery to close above
the 10 day EMA yet again as it continues its trend.
This action warrants closer scrutiny but like how it
came back.
HOG 01/13 PreAnn 70.95 -1.89 74.12 88.95 6.7M 3.7M 71.48
Buy Not Hit. Did not give us the action we were looking for though
it did not blow up the pattern with its results that
forecast at least double digit growth, whatever 'at
least' means (could it be triple digit? ha.).
HRS 12/26 Dbl btm 48.82 -1.10 47.38 55.35 1.4M 1.6M 49.65
Current. Thought about closing it but volume was lighter and
it was slowing down in the afternoon. Will see if it
can hold in this range and start the rebound.
IBM 12/12 Test 18 99.45 -0.57 95.05 104.95 15M 8M 98.38
Current. This time around IBM could not light up the earnings
as in October. A nice uptrend was ripped after hours
w/IBM trading near 94. Will see if it can hold the
50 day EMA at 95 on Friday after a weak open.
IIVI 01/10 Test BO 28.82 -0.32 29.48 34.95 114K 295K 27.98
Buy Not Hit.
IIVI 12/18 Asc Bse 28.82 -0.32 27.64 32.98 114K 270K 27.95
Current. Still working laterally at the 10 day EMA on low volume,
holding up very well in the weak market, and still
set up to deliver the next break higher.
INFY 12/19 Test 50 56.06 -1.34 54.37 65.45 1.4M 2.6M 55.95
Current. Faded but it was a sympathy fade as volume remained
very light and very below average as it held above
the 18 day MA. Still in excellent shape.
JCI 01/13 PreAnn 88.32 +0.29 88.31 99.89 1.5M 1.7M 86.43
Current. Just a modest gain on the session ahead of earnings,
but given the action in the overall market, not bad
at all. Now we see what Friday morning brings. Looks
solid.
LEH 12/12 DB hdl 82.30 -1.02 78.38 89.95 3.9M 5.5M 80.38
Current. Modest fade on lower volume as the financial sector
took it on the session as well but still holds an excellent
position.
LRCX 01/09 Test 50 46.22 -7.91 52.48 60.45 18M 5.5M 51.95
Exited. A medieval gutting after LRCX suggested the future
was not so strong. Gapped lower and could not recover
to hold the 200 day MA.
MA 01/04 Cup 102.49 -6.55 101.11 119.75 4.2M 3.5M 103.95
Current. MA is a high flier and it got belted on Thursday but it held the 18 day EMA on the close and it is not really an area money is leaving (volume was lower than the Wednesday upside trade). If it holds here and bounces we want more.
MAN 01/16 FlyPlat 75.73 -1.65 77.22 88.85 393K 1.1M 74.32
Buy Not Issued. Needed some more manpower to push it higher but even
without that the move was solid as it faded but held
teh 18 day EMA on low volume. Not bad action given
the market and still set up to continue the breakout.
MER 12/26 PreAnn 95.40 -1.41 93.35 103.95 10M 7M 93.98
Current. Gapped higher on earnings but then gave it back as
the sellers took their shot. It held the 10 day EMA
on the close, remaining in its uptrend.
MON 11/21 DB hdl 54.01 -0.21 48.44 55.55 2.8M 5.4M 53.65
Current. Held up again even as volume faded below average.
Refuses to give up its gain, and you have to like that.
MS 12/11 Asc Bse 81.21 -1.17 80.19 91.95 4.1M 5M 80.89
Current. Had a tougher time than many of the big financials.
It closed just below the 18 day EMA on rising but still
just average volume. That keeps it in the trend. Needs
to hold in this general range and start the move back up.
NICE 01/11 Test 50 31.35 -0.11 32.05 37.95 332K 350K 30.89
Buy Not Issued. Almost strange the way it avoided the selling, tapping
the 50 day EMA on the low and rebounding to close basically
flat. Intriguing but need to see good upside volume
if it flashes the upside breakout move.
NTGR 01/13 Test BO 28.00 -1.78 29.78 35.72 1.9M 900K 28.28
Current. Knocked lower on strong trade but after undercutting
some support at 28 it rebounded to hold that level
on the close. Will give it a chance to rebound from here.
NVLS 11/18 Test BO 30.19 -2.19 31.80 37.98 8.9M 3.9M 33.57
Exited. Just nothing redeeming about the session.
PCAR 01/09 Test 50 67.46 -1.17 66.70 74.95 1.9M 2.4M 67.75
Trailing Stop. Took some gain to avoid a tank lower. On the close
it the 10 day EMA on the close, and if it can stop
here, hold, and then show a good recovery we will get
back in.
QLGC 01/06 Test 50 20.30 -0.16 22.37 26.95 3M 3.5M 21.38
Current. Traded lower but held above some support at 20 with
a modest, lower volume loss given most of the damage
has been done. Now we see if it can rebound form here
at least to 21.
RMD 01/11 FlyPlat 51.69 -1.02 52.05 59.95 375K 650K 51.38
Current. Sympathy move lower but still below average volume
and still holding the breakout. On a test of the 10
day EMA (51.14) & a rebound from there, we buy more.
RNT 12/21 PreAnn 28.69 -0.08 28.15 32.95 132K 456K 27.78
Buy Not Issued. Aaron's must be renting time because it is doing nada
right now though the pattern and trend still holds.
SWS 01/16 Test BO 24.69 -0.49 25.12 30.85 273K 300K 23.95
Buy Not Hit. Ah, has made the test we wanted, and now just looking
for it to rebound through the buy point on strong volume.
SYK 12/18 Test BO 59.00 +0.51 55.67 63.95 2.2M 1.4M 57.22
Current. Holding up well as it moves laterally, ignoring the
weak market and setting up the next move higher.
TALX 12/16 Asc Bse 27.25 -0.30 27.38 32.95 427K 325K 26.68
Current. Closed at the 18 day EMA on a sharp jump in volume.
Nice hold in a weak market. We will see. Has to hold
this level.
TECH 12/11 Test 20 58.92 -0.28 56.69 64.95 140K 300K 57.55
Current. Modest loss in a nice trend higher. Nothing wrong with
this stock. Even the loss was on below avg volume.
TJX 01/06 Rev HS 29.50 -0.13 29.88 35.85 5M 5.1M 28.48
Buy Not Issued. Tapped 29 on the low and rebounded again on volume.
Still holding the pattern very well.
TRMB 01/04 PreAnn 53.76 -1.33 53.88 61.55 481K 455K 52.98
Current. Gapped higher but turned over to close at the 10 day
MA. That keeps it in the uptrend and we are going to
stick with it as long as it does.
URBN 12/05 Cup hdl 25.12 +0.26 24.78 29.98 2.1M 400K 24.48
Current. Excellent 10 day EMA test and holding it again Thurs.
Retail is solid and URBN is situated to break higher
from here.
VIVO 01/06 PreAnn 27.11 +0.42 25.75 29.95 259K 220K 25.95
Current. Gapped lower but rebounded for a gain on rising, continued
above avg volume. Very nice action.and ready for more
upside after this little intraweek test.
VRSN 01/11 Test 50 23.61 -0.66 24.82 28.95 3.4M 4.5M 23.88
Buy Not Hit. Broke lower below the 50 day ema. Not going to fill
the gap just yet.
VSEA 11/11 Test 50 40.67 -5.41 39.55 44.88 5.5M 1.2M 45.32
Trailing Stop.
WFR 01/06 Cup hdl 44.81 -1.25 41.40 47.95 6.1M 5.5M 43.88
Target Hit. Took some interim gain off the table and then WFR slid
back some but compared to its relatives it was beautiful.
Still above support & the 10 day EMA at 44. Excellent
showing of strength.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
SFD 01/17 Put 24.71 -0.09 28.78 27.75 1.6M 1.4M 25.05
Buy Not Issued. Doji after reaching lower on some big volume. May try
to bounce to the 10 day EMA before turning back down.
That would be a perfect entry point.
TEK 01/06 Put 28.30 -0.08 28.40 27.05 446K 610K 28.82
Current. Tapped 28 on the low and rebounded but still looks
ready to just continue the slide down the 10 day EMA
even if it bounces some here.
End part 2 of 3
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us stock market
trend trading stock
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