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us stock market, trend trading stock
Begin part 2 of 3
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NOTE: Part 1 follows part 2 this evening.
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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 02/21 Test 50 95.46 -0.39 89.11 99.75 33M 42M 93.68
Current. Volume ran a bit higher and still above avg as AAPL
showed a doji after that nice Monday berak higher.
Still going to let it run here and try to find 100.
ACTG 03/08 Asc Bse 15.65 -0.30 15.31 18.48 81K 300K 15.48
Current. Very low volume Tuesday as ACTG continued the test,
moving near the 10 day EMA as it does. Nice breka higher,
nice test. This is where it should hold and continue
the move higher.
AMKR 03/21 Asc Bse 12.67 -0.31 12.77 15.35 2.7M 3.2M 11.88
Buy Not Issued. Fell back on continued low volume after a low volume
bounce Friday and Monday. A test of the 10 day EMA
(12.43) sets up a good buy on a bounce from there.
ANST 02/28 Test BO 31.76 -0.51 31.01 35.95 62K 325K 31.42
Current. Excellent test back on low volume, tapping the 10 day
EMA on the low. Nice handle as ANST has now formed
a sweet little double bottom w/handle over the 10 day
EMA. A break over 32.72 is a new buy point.
ARD 03/19 Asc Bse 47.96 -0.49 46.82 55.95 232K 389K 44.08
Buy Not Issued. Volume bumped up toward average Tuesday as ARD looks
as if it is going to come back toward the 10 day EMA
(46.89) after stalling out some startign last Thursday.
A nice test to that level sets up a great entry point.
ASCA 02/22 Cup hdl 33.94 -0.26 33.77 40.95 298K 325K 33.21
Current. Modest give back as ASCA taps the 18 day EMA again
on the low and recovers. It needs to show us the break
higher soon or we are going to close it out. It is
on the bubble as one of the traders here would say.
BEAV 03/26 Test BO 32.68 -0.26 33.45 39.45 809K 1.5M 31.68
Buy Not Hit. Low volume, flat session as BEAV continues to consolidate
the nice breakout at the 10 day EMA. Just waiting for
the break higher.
BRCD 03/01 Cup hdl 10.20 -0.32 9.55 11.77 19M 15M 9.96
Current. Nice gap Monday, sold a lot of it back Tuesday. Volume
was lower but still above avg. BRCD looks great in
this move higher, it just has a hard time sustaining
any big move, instead just inching higher.
BRLI 03/17 Asc Bse 25.13 +0.08 25.57 29.78 38K 230K 24.57
Buy Not Issued. Still trading basically flat as BRLI works laterally
at the 10 day EMA on very low trade. Nice set up. Needs
to show us an upside move worthy of the pattern.
CMC 03/19 Asc Bse 30.61 -0.19 29.54 34.95 1.2M 1.8M 29.12
Current. Below avg volume Tuesday as CMC gave up some ground,
showing a doji. Strong volume on the breakout so a
modest test of 30 would set it up to continue that
nice break higher.
CMTL 03/14 Cup 38.09 0.00 38.03 43.95 390K 345K 36.95
Current. Took a day off Tuesday after the solid Monday break
higher on excellent trade.
COGO 03/20 Rev HS 17.86 -0.06 17.24 20.65 354K 800K 16.03
Buy Not Issued. Stalling at 8, showing a doji though still on low volume.
Needs to form a handle above 17 and in doing so would
set up a really good pattern.
CTCM 03/19 DB hdl 26.47 -0.20 26.05 30.42 242K 677K 25.32
Current. Filled the modest gap from Monday's move and then recovered
to post a modest, low volume decline. Still a solid
break higher and poised to move higher once the 10
day EMA (25.46) catches up with it.
CVNS 03/10 Test BO 25.95 -0.90 25.84 30.78 148K 300K 26.11
Current. Faded again Tuesday but on lower, below avg volume.
Needs to hold above the 18 day EMA (25.62) and then
continue the move higher.
CXW 03/26 DB hdl 51.92 -0.72 52.52 59.45 244K 450K 51.28
Current. Low volume Tuesday as CXW gave back the Monday gain,
but held near support at the 10 & 18 day EMA. Still
a solid pattern ready to break higher.
FCX 03/24 Cup hdl 64.72 +0.02 63.51 72.95 22M 14M 61.78
Current. Took a moment to pause after the strong Monday break
higher. Nice breakout so just going to let it work
higher for us.
FORM 03/15 Cup hdl 45.64 -0.16 46.69 55.95 367K 1.2M 45.98
Current. Again with the doji at the 18 day EMA. Low volume. Holding near support after that downgrade, and with the market resting, that is not bad action. Needs to take the lead as the market makes its next move higher, however.
FRED 03/22 Cup hdl 14.92 -0.57 15.65 18.58 697K 450K 14.78
Current. Gapped modestly higher then gave back a modest loss to close. Still very solid in its break and trend higher.
GLDN 03/17 Dbl btm 54.38 -0.55 56.05 66.25 127K 385K 53.62
Current. Tapped the 18 day EMA again on the low with very low
trade. Nice handle, and on the break over 57 a new
breakout and buy point.
GLW 03/20 DB hdl 23.08 +0.18 22.92 27.85 13M 22M 22.38
Current. Solid bounce up off the 10 day EMA, though volume was
still well below avg despite rising. Still well positioned
to make a run higher.
GS 03/26 Cup hdl 209.87 -1.86 212.48 229.75 4.8M 11M 208.88
Buy Not Hit. Still working laterally over the 50 day SMA on lower,
below avg volume, forming a nice, flat handle. Will
be ready to break higher soon.
GSS 03/07 Cup hdl 4.33 -0.23 4.22 5.18 4.6M 5M 4.36
Current. GSS remains as volatile as ever, taking back what it
gained Monday, but a quick look at the chart shows
you a steady trend higher above the 10 & 18 day EMA.
Given that, just letting it continue this action.
HCSG 03/24 PreAnn 29.13 -0.90 30.15 35.95 158K 275K 28.68
Buy Not Issued. After failing to hold the breakout attempt Friday HCSG has faded back to the 10 day EMA on lower volume. This is where it has to hold and make the rebound & then show us a break over 30 to clear the Feb high that sent it back down.
HMSY 03/06 Test 50 22.93 +0.56 20.11 23.88 182K 450K 21.57
Current. Well, after falling on stronger volume Monday, HMSY
bounced back up. Trade was lower but it closed at a
new 10 year high. Would love to see a strong volume
session to really kick it past that old high.
HOC 03/13 Asc Bse 60.52 -0.29 57.73 64.95 467K 750K 58.68
Current. Eased back for the second session, this time on very
low, below avg volume. Held 60 on the low once more
& bounced. Looks like a test after a big break higher.
The 10 day EMA (59.35) is a likely support point.
IOC 03/24 Cup 27.35 +1.03 27.05 32.31 702K 445K 25.16
Entered today. Excellent resumption of the upside break, running higher
on strong, above avg volume.
ISE 03/21 Cup 48.71 +0.82 49.44 55.45 626K 1.2M 46.42
Buy Not Hit. Volume showed a solid bounce as ISE did the same off
the 90 day MA. Ready to show us the buy.
IVN 03/13 Test BO 11.59 -0.11 11.65 14.35 461K 1.2M 11.38
Buy Not Issued. Tested lower but held the 10 day EMA on the close with
some very low trade. Good shakeout action as IVN continues
setting up the next move after its breakout.
LHCG 03/22 Test BO 32.53 +0.03 30.74 35.35 351K 225K 31.37
Current. Tried to extend the Monday gap but only managed to
close flat. Solid move higher and still looks good
though may take a few days to rest.
LPSN 03/12 Test BO 7.47 +0.03 7.12 8.75 585K 400K 7.05
Current. Tried to extend the move on some very strong volume
but faded back from the high (7.63). Still a very strong
move and it is likely letting the 10 day EMA (7.16)
catch up with it.
MA 03/22 Cup 107.25 -1.23 110.78 121.00 1.5M 4.5M 106.74
Buy Not Hit. Another low volume day Tuesday, fading to the 18 day
EMA as it continues the handle.
MFB 03/20 DB hdl 23.47 +0.35 21.75 25.95 395K 332K 20.52
Buy Not Issued. After a wilder session Monday it posted a modest gain
on continued strong trade. Still seeing if it is going
to make a test.
MON 03/26 DB hdl 54.45 -1.16 55.78 62.95 4.5M 4M 54.08
Buy Not Hit. Shows a good session then turns down on stronger volume.
Held the 10 day EMA on the low. Will see if it can
use this near support to try another bounce higher.
MS 03/24 DB hdl 79.47 -0.90 80.88 94.95 6.3M 8.9M 78.21
Buy Not Hit. Struggled, falling just below the 50 day SMA on the
close. Volume was lower so no dumping. Making a bit
deeper test than we were looking for but still in position
to rebound and continue the island reversal gap.
NUAN 03/17 Dbl btm 15.53 -0.42 15.54 19.85 4M 5.5M 14.72
Entered today. Gapped lower, tested the 18 day EMA and tehn rebounded
on rising trade. Used this action to start some positions.
Will look to add when it shows some more strong upside
action.
NUE 03/26 Rev HS 65.70 +0.14 66.42 74.95 4.1M 5.7M 63.77
Buy Not Hit. Probed higher but still not ready to make the breakout.
Volume remained steady though just below average.
OIH 03/14 Rolling 147.50 -0.05 142.35 150.88 5.3M 16M 149.97
Current. Gapped lower but recovered to close flat. Very low
volume. Still solid because oil and energy stocks are
not out of gas yet.
PRFT 03/11 Test 50 19.99 -0.34 20.88 24.57 174K 600K 19.89
Buy Not Issued. Slipping to the 50 day SMA on very low trade as PRFT
continues forming a handle to its 8 week base. Good
shakeout and now we just wait for a break higher to
give us the buy signal.
RIO 03/06 Test 50 37.01 -0.59 35.17 39.95 4.7M 10M 36.11
Current. Faded on low volume Tuesday, unable to punch on through
the prior high at 38. Still above near support. Important
test for RIO but not showing any distribution at this
point.
ROCM 03/17 Test BO 22.48 +0.70 19.54 23.45 597K 425K 21.28
Current. Sold off intraday but recovered nicely on solid volume
to post a new closing high.
RS 03/20 Cup hdl 46.05 -0.49 46.68 53.68 738K 1M 44.11
Buy Not Issued. Still working laterally with a slight fade on low volume.
Nice handle action. Just waiting for the break higher
on a jump back up in trade.
SIGA 03/15 Test BO 5.04 -0.02 5.25 6.57 572K 1.6M 4.88
Current. Another flat, low volume session as SIGA continues
to hold above support at 5, waiting on the 10 day EMA
to catch up to it.
SSYS 03/17 Test BO 42.55 -0.17 42.15 47.85 88K 205K 41.75
Current. Excellent low volume doji that tapped the 10 day EMA
on the Tuesday low and rebounded to close flat. Very
nice test as the market struggled.
SYK 02/22 FlyPlat 65.52 -0.07 64.03 73.42 867K 1.7M 65.95
Current. Gapped modestly lower then rebounded to close flat.
Very low trade. Nice test of the 18 day EMA Monday,
a good set up for the next move higher.
TESOF 03/01 Cup hdl 26.18 -0.05 22.43 26.48 132K 165K 25.29
Current. Working laterally still on Tuesday, holding its gains
on low volume as it waits for the 10 day EMA (25.44)
to rise and catch up with it. Love it when a stock
refuses to give back gains.
TRW 03/01 Test BO 34.96 -0.20 30.55 35.95 502K 530K 33.72
Target Hit. Jumped higher and hit the target then started to back
off. Given that tombstone doji after the good run we
took some solid 14% stock and 100% option gain. Will
let the rest of the position test.
UCTT 03/03 DB hdl 18.10 -0.37 16.41 19.45 528K 725K 17.78
Current. Volume moved up to average as UCTT headed back down
to test support at 18. It should hold near 18 and continue
its upside move from there.
VCLK 03/03 Test 50 26.44 -0.15 27.32 32.45 1.3M 2.9M 26.24
Current. Very tight doji at the 18 day EMA as volume edged higher.
Sure looks ready to try a run back up. Well positioned
to bounce.
WFR 03/06 Test 50 62.58 +0.28 54.48 61.95 3.8M 5.4M 61.25
Current. Tested lower but rebounded to close positive on low
volume. Nice test of a strong move higher. Strong leader.
WNR 02/22 Cup hdl 38.92 -0.39 28.25 33.89 512K 450K 37.95
Current. Very low volume fade back Tuesday as WNR tests a super
move higher. It deserves a test back to the 10 day
EMA (37.60).
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACAS 03/08 Put 44.44 -0.35 43.00 41.00 1.1M 1.6M 42.85
Current. Sold down to the 10 & 18 day MA on lower volume. Has
faded back form the 50 day EMA test & this is now where
it needs to make the drop.
AEO 03/15 Put 30.51 -0.12 30.24 28.57 1.3M 4.2M 31.05
Buy Not Issued. Doji at the 10 day EMA Tuesday on low volume after
fading back from the 50 day EMA test. Still being patient
to see if it is going to make the break lower.
CL 03/14 HdShldr 66.47 -0.47 65.08 63.55 1.4M 2M 65.91
Current. Gapped lower but again found some purchase at the 90 day MA (66.33) and recovered some lost ground. Low volume fade & still holding support. If it cannot close below the 90 day we will have to close it because market is setting up to break higher.
CSE 03/20 Put 24.72 +0.12 24.34 22.35 1.5M 1.2M 24.84
Buy Not Issued. bounced up to the 18 day EMA to close with volume moving
above avg for the first time in a week. This is where
it stalls and falls or initiates a recovery. Will let
it show us what it wants to do.
JNJ 03/24 Put 60.03 -0.22 60.04 58.91 13M 11M 60.55
Current. Gapped lower but managed to hold 60. Volume was lower
but remained above avg. Looking for a break below 60
and a close below that level to really start the next
leg lower.
End part 2 of 3
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us stock market
trend trading stock
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