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us stock market, stock pick
Begin part 2 of 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
AGU 07/17 DB hdl 41.86 -0.39 46.25 53.95 2.3M 2M 44.38
Current. Closed the week with another doji at the 50 day SMA after gapping lower to that level Thursday. The move also holds the price peak from April. This is where AGU needs to make a move.
BBBB 07/24 Test BO 42.90 -1.02 44.22 52.95 376K 600K 42.39
Buy Not Hit. Held up well against the downtrend of the market this week. Sits above the 50 day MA on average volume and after this test we look for a resumption of the move with a nice rebound.
CLF 07/16 Test 50 69.39 -6.31 76.89 92.45 2.6M 2.2M 73.89
Buy Not Hit. Continued the sharp dive now into the upper 60's as it runs for the 200 day MA. Currently moves on high volume. No clear sign of reversal yet but next week looks to set up most of the market for a slight recovery move. That move will give a good indicator of how CLF can handle the loss, but we are dropping the play for now.
CMTL 06/28 Rev HS 42.87 -0.69 47.45 54.75 389K 450K 47.89
Current. Found the 90 day MA on the low again, closing there
on low volume. Set for the bounce from here and the
key first resistance is at 45 to 46. If it dies there
we close it.
COH 07/07 Dbl btm 45.56 -1.27 50.12 57.75 4.8M 5M 49.22
Current. Slipped below the 200 day MA (46.29) and support at
46 on the close. Needs to recover this level to start
next week with any market bounce or we close it. If
it can then it will likely rebound up to 50.
CPO 07/26 Test 50 43.89 -1.21 46.44 53.45 895K 1.1M 43.88
Buy Not Hit. Comparatively decent week for CPO seeing as it started its downtrend late on the soft end of the market dive. Now pushes through the 10 and 18 day EMA's on average volume.
CSCO 07/24 FlyPlat 28.96 -0.70 30.12 36.25 66M 70M 29.40
Buy Not Issued. Hard loss for CSCO this week as it returns most of the July move with the damage done Friday. It is at the early year peaks and this is where it needs to hold.
CTRP 07/11 Test BO 78.20 -1.80 85.75 99.95 361K 425K 82.95
Current. Down again and closing below the 50 day EMA, but lower
volume and looks to be bracing for a rebound as it
tapped the mid-June high on the low and showed some life.
CTRP 06/30 Cup hdl 78.20 -1.80 79.26 90.95 361K 450K 85.45
Current. Down again and closing below the 50 day EMA, but lower
volume and looks to be bracing for a rebound as it
tapped the mid-June high on the low and showed some life.
CVX 07/17 Test BO 85.20 -2.26 91.85 103.95 17M 12M 90.11
Current. Announced strong earnings and gapped higehr but then sold off in the last half hour to close at the 50 day SMA on some big volume. This is also price support so we will see if CVX can make a bounce from this key level.
DRQ 07/23 DB hdl 47.12 -0.49 49.75 58.95 612K 795K 47.55
Buy Not Issued. Broke low following the market, finding the 90 day SMA on the close. Sits on that level with slightly above-average volume as it holds its ground against some tough selling. So far DRQ hasn't made too much progress over the last 3 months, the definition of a base as it works laterally, holding its gains on low volume Has set up a nice line of support and now needs to show us the breakout.
FCX 07/18 Test BO 89.95 +0.21 96.62 107.95 13M 12M 96.22
Current.
FCX 06/21 Test 18 89.95 +0.21 83.02 99.95 13M 10M 96.22
Current.
FCX 06/06 Test 18 89.95 +0.21 77.12 87.00 13M 12M 96.22
Current. Nice tight doji on the candlestick chart after that
Thursday gap lower. FCX held up relatively quite well
on the week but want to see it back upside this week
off of this doji.
FCX 05/23 Asc Bse 89.95 +0.21 74.45 85.00 13M 12M 96.22
Current.
GES 06/18 FlyPlat 46.37 +0.12 50.78 59.95 1.3M 2.2M 50.05
Current. The only strong volume for the week was on the Thursday
gap lower as the market burned, but GES bounced nicely
off its 90 day MA that session. Thus not many sellers
& primed to rally off 45.
GLF 06/25 DB hdl 49.52 -1.98 55.50 65.95 181K 385K 54.38
Current. Struggled near support all session and faded below
the 90 day MA on the close. Low volume so no heavy
sellers. Key for it to hold here this week.
GME 06/21 Test BO 40.40 -0.66 41.01 48.98 1.8M 2.5M 41.32
Current. Finished the week a bit down, pushing through the 10 and 18 day averages, but in the big picture GME was a tower of strength, setting up for the next move.
GME 05/24 Test 18 40.40 -0.66 37.01 42.45 1.8M 3.5M 41.32
Current.
GPOR 06/27 Asc Bse 19.31 -0.09 21.74 25.75 499K 310K 21.95
Current. Doji after the Thursday dump lower. Still closed below
the 50 day EMA (19.70). Key point is 20 on the rebound
move, and after that, 21.
GSF 07/26 Test BO 73.40 -1.60 76.22 87.85 7.5M 6M 74.11
Buy Not Issued. Giving back the recent breakout as volume jumped Friday and it could not bounce as it did Thursday. Could find the 50 day EMA soon if selling volume doesn't ease off. The action of next week can either make or break the decision to enter GSF seeing as this is a critical defensive point for the stock just over that 50 day EMA.
HAL 07/26 Test BO 36.06 -0.81 37.82 43.50 19M 20M 35.98
Buy Not Hit.
HAL 07/12 Test 50 36.06 -0.81 35.55 40.95 19M 22M 36.78
Buy Not Hit. Met with the 18 day MA on the close of the week after falling on average volume. Important point for HAL as it tests just below the recently broken resistance. All in all not bad action and we expect HAL to be right back in the action this week.
HPQ 07/11 Test 50 46.46 -0.64 46.35 53.35 13M 20M 47.64
Current. Held up very well for the week, fading Friday on very
low volume in sympathy. Will be set to rebound nicely
when the selling pressure abates.
HURC 07/21 Test 18 46.11 -1.27 53.55 61.65 98K 175K 51.94
Current. Closed in the range from May to June on some low volume.
This is where it will likely bounce and it needs to
clear 50 on the move to have any teeth. If it cannot
clear that level we close it.
ILMN 07/17 Cup hdl 46.70 -0.75 42.92 50.95 3M 1.6M 44.39
Current. Great week for ILMN on the move high into the 40's on great volume. Began its test of the breakout today with a loss of 1.58 and looks to set up for another move soon as selling volume dies out.
MA 06/21 Test BO 154.03 -4.69 166.68 185.00 2.5M 5M 167.11
Current. MA has proved itself tenacious over the week, fading but on contained volume and holding the 50 day EMA on the close. Nice place to make the break higher.
MA 06/12 Test 18 154.03 -4.69 148.15 169.75 2.5M 4.5M 164.11
Current.
MFE 06/27 Test 18 35.65 +0.80 35.78 40.95 4.8M 2M 35.54
Current. Bounces off the 18 day EMA for the second time this week as it pushes for a recovery into the high 30's. Has no problem getting the volume for the move and looks to continue the move upward.
MIL 07/24 Test BO 78.73 -0.67 80.28 91.95 690K 700K 77.88
Buy Not Issued. Returns the previous high on the test as it declines on slightly above-average volume. Currently reaches for the 18 day MA and doesn't seem to have had much influence from the downtrend of the market for the week (in other words, the selling didn't phase it). Looks to make a nice reversal to close the test once and give us an entry once positive volume returns.
NVDA 07/25 Test 18 44.25 -0.11 45.08 53.95 10M 12M 43.04
Buy Not Issued. Holds the 18 day average on average volume for the close of the week. Shows ready to reverse with a high doji and selling volume slowly fading.
PCAR 07/11 Test BO 81.16 -1.70 92.74 105.95 4.3M 2.2M 95.45
Current. Faded again Friday but closed above the Thursday intraday
low that filled the gap. Looking for a big rebound
from PCAR on the relief move. 85 to 88 is the resistance.
Looking to pick up more positions as it rebounds.
PFWD 07/26 Test BO 17.11 -0.41 17.65 21.65 351K 400K 16.78
Buy Not Hit. Gapped higher on earnings and spent Thursday and Friday testing. Held the 10 day EMA on the close and it looks primed to resume the forward phase of its move.
RIO 07/23 PreAnn 47.14 -0.31 53.24 62.95 20M 12M 50.21
Buy Not Hit. RIO held the 50 day EMA on the close again after undercutting it intraday. After the gap lower Thursday this is a key point to hold as the gap higher 2 weeks back and the gap lower is an island reversal. Has to bounce or we close it.
SAY 07/25 Test BO 26.15 -0.40 27.88 32.32 1.1M 1.4M 26.65
Current. Reaches for the 50 day MA on below-average volume to run close the July starting point. As volume dies out SAY has a good reversal point coming up where it spent 2 months building support, and Friday it showed a tight doji to boot.
SIMO 06/30 DB hdl 22.27 -0.09 26.44 31.95 1.4M 1.2M 25.95
Current. Held its ground with a doji at support at 22 after
the Thursday meltdown. this is where it has to bounce.
24 to 25 is the key resistance on a rebound. If it
cannot clear those levels on the rebound we sell it.
SLB 06/20 Test BO 93.02 -1.62 87.65 99.95 15M 9.5M 93.42
Current. Great show of strength for SLB last week, sliding back of course, but holding at the 10 day EMA Friday. It has filled the gap from the prior week and now it can turn right back up for us.
SPIL 06/20 DB hdl 9.35 +4.34 11.40 13.78 2M 2.5M 11.48
Exited. Clear sign of an exit point as SPIL's condition only worsened on high volume through the week. No strong support lines in reach until around the 6 dollar area as it sits at 9.35.
SPSS 07/14 Test BO 42.01 -0.81 46.89 53.85 528K 441K 45.22
Current. Makes a run for the 90 day MA on high volume to close out a tough week for SPSS. The upcoming week will be an important point for SPSS as it can still make a higher low at the 90 day SMA.
SPWR 07/24 Test 18 67.84 +0.57 70.65 80.95 1.8M 2M 66.77
Buy Not Hit. Made its reversal into the 10 day MA on average volume after caving a bit on Tuesday and Wednesday. Can give a good entry point if volume continues to stay positive and SPWR can hold its move against the typical market downturn.
STP 07/23 Test BO 39.48 -0.38 43.31 49.95 2.1M 3M 39.97
Current. STP slipped with the market, holding the 18 day EMA on Friday, showing a nice tight doji. Low volume so no heavy sellers. It is sitting on the prior highs, primed to rebound. Looking for more positions as it does.
TESO 07/19 Flat 32.03 -0.27 34.55 40.45 71K 175K 32.15
Buy Not Hit. Decent week for TESO compared to the rather unpleasant cave in most of the other stocks. Returns to the June flat after last week's new high and looks to hold at this line as it levels off on low volume and a good support point, showing a nice tight doji at the 18 day EMA.
TRMB 07/25 Test 18 33.00 -0.11 33.71 38.78 756K 800K 32.86
Buy Not Hit. Moves along the 18 day EMA on average volume after the test of the July top. Made a nice break above the 10 but couldn't hold as the market downtrend pulled it back to the 18. Big deal, huh? It weathered the selling and is primed to break higher again.
TRMB 05/31 Test 50 33.00 -0.11 31.10 35.99 756K 650K 32.98
Current.
UTHR 07/16 Cup hdl 69.65 -0.26 68.80 78.97 1.2M 1.2M 68.11
Current. Quiet week for UTHR but ultimately a great one compared to a majority of the stocks that caved with the market. Made a slight push high but gave it back to return above the 10 day average.
VDSI 07/07 Asc Bse 26.38 -0.08 25.58 30.45 1.5M 670K 24.05
Current. Broke off the surge high to level off after a great reversal just above the 50 day average. Now runs on high, but decreasing volume to close out a decent week for VDSI.
VSEA 07/25 Test BO 46.17 +1.17 44.88 52.95 3.5M 3M 43.95
Current. We like that Thursday reversal action and bought more shares. Then Friday the gap higher. Closed off its session highs, but showing excellent strength and action in this market.
WFR 06/27 Test 50 59.66 -1.40 63.85 73.75 5.2M 8.2M 61.22
Current. Overall a good recovery week for WFR as it announced strong earnings and recovered the 50 day EMA. It tested the move to end the week, and that means an important test this week. It will ether make the move or start folding the tent.
ZOLT 07/02 Test BO 45.07 +0.08 45.99 54.45 875K 1.2M 47.11
Current. Held up well, testing lower but holding above average volume the June highs as it tests. Important point to hold after volume faded on ZOLT as it made the last high. Not going to let it slip from here.
End part 2 of 3
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