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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
ACTG 03/08 Asc Bse 15.77 +0.27 15.31 18.48 93K 300K 15.48
Current. Recovered the 10 day EMA after the higher volume Wed
fade. Good action in a nice pullback though volume
was very light Thurs as it recovered. Holding the breakout
& still looks solid.
AMKR 03/21 Asc Bse 12.17 -0.33 12.77 15.35 4.5M 3.2M 11.88
Buy Not Issued. Tough session for the chips and AMKR sold through the
18 day EMA. Rebounded but closed below that level on
rising trade. Going to drop but continue watching it
to see if it holds & sets up again. Still a good pattern.
ANST 02/28 Test BO 31.11 -0.72 31.01 35.95 92K 325K 31.42
Trailing Stop. Started slicing through the 18 day EMA w/too much price
downside. Will continue to watch and see if it can
set up nicely once more.
ARD 03/19 Asc Bse 50.18 +1.57 49.89 58.95 340K 389K 47.55
Entered today. Volume surged as ARD broke above the 4 day lateral
test of the prior breakout move. Excellent move.
BEAV 03/26 Test BO 32.21 +0.19 33.45 39.45 990K 1.5M 31.68
Buy Not Hit. A wider range doji above the 18 day MA as BEAV continues
to test the prior break higher. Still solid. Still
being patient to let it show us the move.
BRCD 03/01 Cup hdl 9.85 -0.32 9.55 11.77 25M 15M 9.96
Trailing Stop. Dumped lower on storng volume and we closed the position
as it showed the second high volume session in three.
Too volatile after the Monday gap higher.
BRLI 03/17 Asc Bse 24.95 -0.04 25.57 29.78 44K 230K 24.57
Buy Not Issued. Another test of the 18 day EMA as BRLI continues the
low volume work on its handle.
CMC 03/19 Asc Bse 30.60 +0.51 29.54 34.95 1.7M 1.8M 29.36
Current. Big volume surge as CMC bounced up from the Wed selling. Holding the breakout and looking to be in very good shape.
CMTL 03/14 Cup 38.06 -0.13 38.03 43.95 198K 345K 37.36
Current. Tested to the 10 day EMA on the low and rebounded to
close basically flat on lower volume. Nice recovery
and just going to let it move up the 10 day EMA.
COGO 03/20 Rev HS 17.68 +0.05 18.18 21.55 422K 800K 16.91
Buy Not Issued. Still working on a nice handle to a solid base.
CXW 03/27 DB hdl 52.03 +0.88 52.78 59.45 292K 450K 51.28
Buy Not Hit. Good recovery off the 50 day SMA test on some rising
though still below avg volume. Good answer to the pullback
and in position to give us another strong break higher.
EDU 03/27 Rev HS 41.62 -1.37 43.95 51.95 193K 600K 41.65
Buy Not Hit. After a nice, easy fade to the 10 day EMA EDU slumped
thru the 18 day EMA Thursday. Will keep watching to
see how it recovers but going to drop for now.
FALC 03/28 Cup hdl 10.48 -0.05 11.05 13.31 106K 690K 10.35
Buy Not Hit. Extremely low volume as it holds the 18 day EMA, still
trying to set up that breakout.
FCX 03/24 Cup hdl 65.35 +1.14 63.51 72.95 17M 14M 62.81
Current. Gapped higher on stronger volume, showing a doji after
the bounce higher. Can mean a bit of a pullback, but
a strong move up the 10 day EMA continues.
FORM 03/15 Cup hdl 44.48 -0.63 46.69 55.95 583K 1.2M 45.98
Exited. Decided to close it after it moved below the Wednesday
low. Will keep an eye on it and see if it can set back up.
GLDN 03/17 Dbl btm 54.65 +0.97 56.05 66.25 185K 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 22.83 -0.09 22.92 27.85 13M 22M 22.38
Current. Holding in the handle above the 10 day EMA on lower
volume. good action setting up the next break higher.
Needs it; has not gone anywhere in two weeks.
GS 03/26 Cup hdl 207.20 +0.44 209.21 229.75 6.4M 11M 205.55
Buy Not Hit. Another day just over the 50 day EMA on very low trade.
Quiet after the Wed gap lower on rising trade. Just
watching to see if it comes back to life.
GSS 03/07 Cup hdl 4.40 -0.04 4.22 5.18 3.4M 5M 4.36
Current. Another test of the 10 day EMA on low volume. Still
in good shape to continue its trend higher up near support.
HCSG 03/24 PreAnn 28.77 -0.93 30.15 35.95 195K 275K 28.68
Buy Not Issued. Too volatile, gapping higher and dumping lower. Dropping
for now.
HMSY 03/06 Test 50 22.58 +0.03 20.11 23.88 106K 450K 21.89
Current. Quiet lateral move, holding the gains as it sets up
for the next break higher.
HOC 03/13 Asc Bse 59.73 -0.28 57.73 64.95 979K 750K 58.68
Current. Tested lower but rebounded to hold the 10 day MA on
the close. Somewhat strange action given oil you say?
Well HOC was out in front of the move & it is testing
now, setting up to lead again.
IOC 03/24 Cup 26.37 0.00 27.05 32.31 126K 445K 25.16
Current. Did not participate in the oil move, insteady holding
flat on very low trade. Still in good shape; looks
to be forming something of a handle here.
ISE 03/21 Cup 48.80 +0.96 49.44 55.45 592K 1.2M 46.42
Buy Not Hit. Continues laterally over the 90 day MA, picking up
the pace Thursday. Still looks as if it is about to pop.
ITRI 03/27 DB hdl 65.17 -0.20 66.11 75.95 453K 709K 64.28
Buy Not Hit. Tapped the 10 day EMA on the low and bounced back modestly.
Low volume. Still working on the nice pattern that
is setting up the breakout.
IVN 03/13 Test BO 11.26 -0.25 11.65 14.35 647K 1.2M 11.38
Buy Not Issued. Slid thru the 18 day EMA (11.33) on rising volume.
Will watch to see how it holds the line at support at 11.
LHCG 03/22 Test BO 31.98 +0.03 30.74 35.35 198K 225K 31.37
Current. Closed flat after another intraday tap lower, this
time on some very low volume. Nice pullback, holding
the early March high on the closes.
LPSN 03/12 Test BO 7.73 +0.16 7.12 8.75 416K 400K 7.22
Current. It's alive. Volume jumped back above average as LPSN
moved higher yet again, continuing its run higher up
the 10 day EMA.
LTM 03/27 Cup hdl 51.52 +0.22 52.35 59.48 516K 669K 50.78
Buy Not Issued. Tried to make the run but unable to hold the move.
Still in good position in the handle of its 9 week base.
MA 03/22 Cup 107.19 +0.51 110.78 121.00 786K 4.5M 106.74
Buy Not Hit. Excellent set up for the breakout as it continues the
tight range above the 50 day MA. Nice set up, and now
want it to charge higher.
MFB 03/20 DB hdl 22.27 -0.83 21.75 25.95 357K 332K 20.52
Buy Not Issued. Popped a strap Thursday and sagged down to the 10 day EMA. Volume was lower but still above average. Will watch it here. Needs to hold this range for a few sessions & find support. When it starts bouncing we can make a grab for it.
MO 03/28 Cup 87.14 +0.93 87.22 99.95 11M 18M 84.78
Entered today. Not huge trade, but after gapping higher and testing
back it got some strong upside buying late in the session
that was worth buying into.
MON 03/26 DB hdl 54.87 +0.59 55.78 62.95 3.2M 4M 54.08
Buy Not Hit. Still fertilizing for the spring spurt higher.
MS 03/24 DB hdl 78.43 +0.10 80.88 94.95 7.4M 8.9M 78.21
Buy Not Hit. Big doji at the 50 day EMA on rising trade. This shows
up right at the gap down and gap up points in the island
reversal. Looks as if this test is over.
NUAN 03/17 Dbl btm 15.28 -0.31 15.54 19.85 2.8M 5.5M 14.72
Current. Gapped higher on the early buzz then turned over to
close at the 10 day EMA. Lower trade so no big deal
here as it tests near support. Just looking for another
strong upside move to take on some more positions.
NUE 03/26 Rev HS 66.11 +1.26 66.42 74.95 4.5M 5.7M 63.77
Buy Not Issued. Gapped higher but no real surge in volume and it closed
off the high and the buy point. Encouraging, however,
and ready to move in as it continues higher if the
trade holds up.
OIH 03/14 Rolling 147.95 +1.95 142.35 150.88 9.9M 16M 145.65
Current. Volume surged as OIH rallied to a new closing high
on this move. That did not get it ouf of the week long
lateral range, however, but it does look solid here.
PRFT 03/11 Test 50 19.89 -0.13 20.88 24.57 197K 600K 19.89
Buy Not Issued. Still above the 50 day EMA (19.63) as PRFT continues
forming the handle. Very quiet and that is often the
quiet before the storm.
RIO 03/06 Test 50 37.02 +1.00 35.17 39.95 8.2M 10M 36.11
Current. Tapped the 18 day EMA on the low and recovered for
a gain. Low volume so we need to see more steel in
the move as it resumes. It still needs more trade because
the move that matched the late Feb high had no volume.
ROCM 03/17 Test BO 22.64 +0.58 19.54 23.45 588K 425K 21.28
Current. Volume ran right back up as ROCM turned back upside
from the Wed selling. Still a nice trend higher up
the 10 day EMA and letting it run.
RS 03/20 Cup hdl 47.78 +1.87 47.78 54.78 1.9M 1M 45.32
Entered today. Excellent move with a solid price break higher supported
by a lot of volume. Sweet.
SIGA 03/15 Test BO 4.79 -0.06 5.25 6.57 511K 1.6M 4.88
Current. Faded to tap the 18 day EMA on very low volume. It
is at the point it has to show a continued break higher.
SSYS 03/17 Test BO 42.39 -0.16 42.15 47.85 84K 205K 41.75
Current. Gapped higher but could not hold the move, fading back to the 10 day EMA on the close. Still a very nice test that is setting up another break higher.
SYK 02/22 FlyPlat 65.81 +0.13 64.03 73.42 1M 1.7M 65.95
Current. Gapped higher, sold back, rebounded, all on low volume.
Holding in the lateral move. Next week need to see
it make another break higher and not get bogged down
again as in February.
TESOF 03/01 Cup hdl 26.83 +0.29 22.43 26.48 245K 165K 25.72
Current. Another gain on lower but average trade as TESOF continues
to walk up the 10 day EMA. Will let it do so as long
as it will.
TRW 03/01 Test BO 34.90 -0.09 30.55 35.95 308K 530K 33.72
Current. Very low volume as TRW works laterally in a very tight
range as it consolidates the last run and refuses to
give up any ground. Always like that.
UCTT 03/03 DB hdl 17.90 +0.10 16.41 19.45 417K 725K 17.78
Current. Big doji at the 10 day EMA after a pullback indicates
that UCTT is getting set to make the next bounce up
the 10 day EMA. Chips had a rough session but UCTT
weathered it well.
VCLK 03/03 Test 50 26.50 -0.02 27.32 32.45 1.3M 2.9M 26.24
Current. Continues laterally after a Thursday gap higher could
not hold. Still a nice consolidation over the 50 day
MA. Just have to be patient and see if it can show
us the next break higher.
VTIV 03/28 DB hdl 38.03 +0.20 38.28 44.00 247K 458K 36.95
Buy Not Hit. Reached lower to the 10 day EMA and recovered to close
flat on low volume. Still a very nice, very tight handle
setting up the next breakout.
WFR 03/06 Test 50 60.00 -0.94 54.48 61.95 5.3M 5.4M 61.25
Current. Faded to the 10 day EMA as chips struggled. Holding
near support at the 10 day EMA is not a bad 'struggle'
session.
WNR 02/22 Cup hdl 39.30 +0.31 28.25 33.89 432K 450K 37.95
Current. Excellent consolidation as WNR works laterally in a tight range, waiting for the 10 day EMA to catch up. Did not participate in the oil move Thursday but it was way out in front & is resting, setting up the next move.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACAS 03/08 Put 44.27 +0.09 43.00 41.00 1.5M 1.6M 42.85
Current. Gapped higher, gave it back, recovered for a modest
gains. Still struggling below the 50 day EMA, but has
come back from the lows the past 2 sessions. Needs
to make the break below 44.
AEO 03/15 Put 29.94 -0.40 30.24 28.57 2.3M 4.2M 31.05
Buy Not Issued. Big gap higher but then an equally spectacular rollover
to finish negative. Volume was up but well below avg.
on the reversal. Without big volume we did not want
to step in as the 200 day MA (28.59) is rising.
ALL 03/28 Put 60.16 +0.30 59.71 58.20 1.8M 3M 60.45
Buy Not Hit. Rebounded to tap the 200 day MA on the high, closing
mid-range. Still primed to head lower as the bounce
was on much lower, below avg volume.
CSE 03/20 Put 24.89 +0.18 24.34 22.35 1.2M 1.2M 24.84
Buy Not Issued. Lower volume as CSE bounced higher to tap 25. Just
being patient to see if this bounce peters out and
rolls over on some rising trade.
DIA 03/28 Put 123.30 +0.30 122.88 120.85 9.1M 10M 123.68
Entered today. Reversed on us after a promising break lower after
the market attempted a bounce. Still in weak position
below some important resistance.
JNJ 03/24 Put 60.34 +0.34 60.04 58.91 17M 11M 60.55
Current. Doji below the 10 day EMA. Still looking for the break
below 60 to pus some mustard on the play.
MDT 03/27 Put 48.97 +0.30 48.55 47.00 6.6M 6.2M 49.18
Buy Not Issued. AFter gapping lower Wed and recovering, it is making
a low volume rebound toward the 10 day EMA (49.28).
Indeed, it faded back from there to close on Thurs.
Still looking for the roll lower off of this test.
SBUX 03/28 Put 31.33 +0.05 31.18 30.55 9.9M 10M 31.72
Entered today. Started lower once more and hit 31 on the low. Late
rally brought it back up to close just over the 18
day EMA (31.24). AFter hours it was trading modestly lower.
End part 2 of 3
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us stock market
trend trading stock
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