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us stock market, trading system
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 40.68 -0.86 46.25 53.95 1.4M 2M 44.38
Current. Tested below the next support intraday but then rebounded
to cut its losses and hold above the recent lows of
the past two weeks. Much lower volume so let it make
this test. This is where it fishes or cuts bait.
ALGN 07/30 Test BO 26.90 +1.26 27.77 33.38 1.2M 1.2M 2597.0
Buy Not Hit. Tested the 50 day EMA at the low and made a fierce rally back. Looking ready to continue the move higher as volume returns and ALGN sits a little above a dollar from the July top.
ARTC 08/01 Test BO 55.59 +1.94 51.89 59.75 1M 600K 52.72
Current. Continued the breakout into the mid-50's on a third day of solid volume. Enjoying watching this one run high and waiting to see how it handles the next test.
BCSI 07/28 Test 50 51.94 +1.63 52.32 62.95 401K 600K 49.89
Buy Not Issued. Returned to the Thursday high after rebounding beneath the 18 day EMA with average volume. Sets up to test back to the 10 day MA before surging as the test of the 50 pushes higher.
BIDU 08/04 Rev HS 193.40 -5.10 200.45 248.00 3.2M 4M 195.22
Buy Not Hit. Couldn't hold on to the 10 day EMA, falling just below the 18 day MA out of the Rev HS of 8/04. Needing BIDU to hold the 18 day MA here and save some of the July high. Currently selling on below-average volume out of the Rev HS base from 8/04.
CELG 07/28 Rev HS 61.01 +1.55 60.88 69.95 4.3M 5.5M 58.78
Buy Not Issued. Nice session with rising volume off the 50 day EMA
test. If it continues this move we will look to make
the buy.
CMTL 06/28 Rev HS 42.65 +0.47 47.45 54.75 574K 450K 47.89
Current. Rebounded on the low to reach up for the 90 day MA. Needing to see more consistent, high volume for CMTL as it tries at making a run for the 90 day MA.
CPO 07/26 Test 50 44.87 +0.76 46.44 53.45 682K 1.1M 43.88
Buy Not Hit. Continues to consolidate along the connected 10 and 18 day MA's. Rebounded from beneath the 18 day MA to pass the 10 day MA in a 76 cent gain. Currently sits at the late-July resistance needing a push from volume to help it out.
CSCO 07/24 FlyPlat 29.50 +0.04 30.18 36.25 71M 70M 29.40
Current. Intraday shakeout down to the Januayr peak and then a rebound on volume. Earnings are Tuesday after the close, so volatility is somewhat expected given this market. Planning on riding CSCO thru the earnings announcement.
CTRP 07/11 Test BO 43.28 +0.38 42.88 49.98 1.2M 425K 39.45
Current. Edged higher in a volatile session ahead of earnings. Earnings were excellent, but in this market that was not enough to keep it running after hours & it was trading at 41.50, above the short term moving averages & the May peak.
CTRP 06/30 Cup hdl 43.28 +0.38 39.63 45.48 1.2M 450K 39.45
Current.
CTXS 08/01 Test BO 36.67 +0.93 37.65 44.95 2M 3.2M 35.55
Buy Not Hit. Nice rebound on rising volume. Moving up after testing the breakout. Next big move will be to break through some resistance at 37.
CVX 07/17 Test BO 82.02 +1.00 91.85 103.95 17M 12M 90.11
Current. Rebounded on the Friday low to recover a dollar as it reaches up for the 90 day MA. Moving on a fourth day of outstanding volume CVX begins the week reasonably well.
FCX 08/04 Test 50 85.47 -0.67 86.88 99.95 16M 12M 85.21
Buy Not Issued. Held key support after reaching down for the 90 day MA intraday. Currently still resting on the 50 day MA with above-average volume.
FTK 07/28 Test 50 30.92 -0.33 30.66 35.97 426K 604K 27.94
Current. Showing a good start for the week as it dojis just above the 10 day MA on average volume. Held the June support after reaching down to the 50 day EMA and sets up to make the next move higher.
GES 06/18 FlyPlat 48.25 +1.88 50.78 59.95 1.8M 2.2M 50.05
Current. Rebounded from the Friday low to reach above the 10 day MA on above-average volume. Now sits above June support and looks to reach the prior August high in its next move if volume can keep up.
GME 06/21 Test BO 40.60 +1.05 41.01 48.98 2.7M 2.5M 41.32
Current. Bounced off the 50 day MA to hold key support from June. Met the underside of the 10 day MA as it rebounded on above-average volume. Looks to push the move above the 10 day MA with no resistance.
GME 05/24 Test 18 40.60 +1.05 37.01 42.45 2.7M 3.5M 41.32
Current.
HAL 07/26 Test BO 34.30 +0.03 37.82 43.50 22M 20M 35.98
Buy Not Hit. Nearly flat-lined on a gain of three cents to end the downtrend of 7/25-8/03. Managed to hold key support along 34 from 2005 to April of 07, reaching for the 200 day MA intraday. Needing to see HAL make a strong move here off the support to bring it closer to give an entry point.
HAL 07/12 Test 50 34.30 +0.03 35.55 40.95 22M 22M 36.78
Current.
HPQ 07/11 Test 50 48.46 +1.05 46.35 53.35 18M 20M 47.64
Current. Found the mid-July peak after rebounding above the 10 day MA on a third day of above-average volume. Needing HPQ to give another strong move to pass the July top with little to no resistance.
ILMN 07/17 Cup hdl 47.26 +2.73 42.92 50.95 2.2M 1.6M 44.39
Current. Rebounded above the 18 day MA to close 19 cents from the July top. Made the move on above-average volume and need to see this volume hold as ILMN attempts to pass the prior high.
LAVA 08/02 Cup hdl 14.39 -0.15 15.55 18.78 751K 950K 14.46
Buy Not Hit. Currently sits a little under a dollar from the 50 day MA after the 18 day MA couldn't support. Volume dies out as LAVA looks to return to the July flat-line area before making any reversal move.
LAYN 07/28 Cup hdl 45.10 +0.40 45.38 51.95 239K 315K 42.34
Current. Rebounded above the 10 day MA to give a small gain and recover near half of the early August high. Climbs on average volume, needing some more solid volume to carry it upwards.
MFE 06/27 Test 18 34.80 -0.45 35.78 40.95 2.8M 2M 35.54
Current. Met with support under the 50 day MA as it sold hard on high volume. Need the support to hold here and weather the high selling volume as MFE reaches down for the 90 day MA.
MR 08/02 DB hdl 30.98 -0.65 32.22 38.45 698K 750K 29.96
Buy Not Hit. Faded back to the 10 day MA on average volume. Held the 10 day MA on June and July support after reaching down for the 50 day EMA today. Ready to move higher from here.
NVDA 07/25 Test 18 42.90 +0.36 47.47 56.75 8.7M 12M 44.44
Current. Made a slight rebound above the 50 day MA on low selling volume. Setting up to make the recovery move, just needs solid volume to enforce the move.
PETS 08/02 Test BO 15.01 +0.33 15.48 18.75 603K 450K 14.47
Buy Not Hit. Bounced off the 10 day MA to close near the prior high of 8/02(15.12). Ready to continue the move higher on the solid volume from today.
PFWD 07/26 Test BO 17.52 -0.24 17.65 21.65 498K 400K 16.78
Buy Not Issued. High selling volume brought PFWD back to the 10 day moving average to start the week. Looks to fade back to the 18 day MA before the selling ends and PFWD can reset for the recovery move.
PKI 08/01 Test BO 27.96 -0.09 28.42 32.89 1.4M 1.1M 27.08
Buy Not Issued. Tests the move past the July top, fading back to the 10 day MA on high volume. PKI needs to see a rebound off the 10 or 18 day MAs soon to verify the new high.
RESP 07/31 Test BO 47.32 -0.09 46.26 52.95 466K 400K 45.21
Current. Tests the new high with a minuscule loss of 9 cents. Already starting the next move as selling volume dies out and RESP shows a doji at the current level.
SAY 07/25 Test BO 26.15 +0.05 27.88 32.32 1.2M 1.4M 26.65
Buy Not Hit. Near flat-lined on key support above the 50 day MA to post a slight gain. Made the move on average volume in the build of a miniature head and shoulders base.
SNDK 07/30 Test 18 53.78 +0.35 56.89 65.45 9.6M 12M 53.96
Buy Not Issued. Sits just below the 18 day MA showing a doji on low volume. Looks to head back downhill soon as volume couldn't give a solid move.
SPN 07/31 Asc Bse 36.55 -2.50 41.88 48.22 2.4M 1.5M 39.22
Buy Not Hit. Broke low out of the July consolidation period to fall through the 90 day MA. Hit supports from April and May to close out the day selling on high volume.
SPWR 07/24 Test 18 65.92 -1.38 71.84 82.45 2.2M 2M 67.31
Current. Reaches down for the 50 day MA as it descends on high volume. Still moving out of a decent double handle since the beginning of 07, weathering hard selling for the moment.
SRCL 08/02 Test BO 51.21 +3.51 49.49 56.65 1.2M 1M 47.55
Entered today. Made the great reversal off the 10 day MA to return to the July top. Exploded on high volume showing a great start to a strong run.
STP 07/23 Test BO 38.20 +0.04 43.31 49.95 1.7M 3M 39.97
Current. Found key support in the upper-30's to post a small gain and meet the underside of the 50 day MA. Leveled off on low volume and gets set to try a recovery move when volume returns.
TASR 08/04 Test 50 14.13 -0.13 15.11 18.25 4.1M 6M 14.05
Buy Not Hit. Returned to the 7/26 low(14.06) on a small loss. Selling volume sits at a low as TASR looks to make a rebound off the late June and July support.
TPX 07/28 Test BO 29.20 -0.46 31.42 37.95 2.7M 2.1M 29.88
Buy Not Issued. Continued the selling with volume at an August high. Reaches down for the 50 day MA after giving back most of the July breakout.
TRMB 05/31 Test 50 38.45 +0.52 31.10 35.99 1.8M 650K 34.92
Current. Gapped up at the open, but gave some of it back on stronger above average volume. Came off the day's low of 37.71. Slowing down after such a great last week. Still in uptrend.
VDSI 07/07 Asc Bse 29.17 +0.41 25.58 30.45 1.5M 670K 27.11
Current. Tapped 27.65 at the high, but made a fierce rally back on lower but strong volume. Stock made an all time high as it continues with the uptrend.
VSEA 07/25 Test BO 51.15 +2.75 44.88 52.95 2.4M 3M 47.21
Current. Continue to move higher this week on slightly above average volume for a great move. Trading near the pre-split range from the May 2007 split
WFR 06/27 Test 50 58.80 +0.34 63.85 73.75 4M 8.2M 61.22
Current. Reached down tapping 56.59 at the low and bounced on rising volume. Next critical point will be to break through resistance at 60 (10 day EMA)
ZOLT 07/02 Test BO 42.98 -2.61 45.99 54.45 2.4M 1.2M 47.11
Current. Gapped lower on earnings but held the 90 day MA on
the low and rallied back up to close just below the
50 day EMA. Will see if it can fill the gap up to 46ish
and then see what it does there.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AEO 07/31 Put 23.60 +0.10 24.11 22.35 5.1M 3.5M 23.94
Tapped 23 at the low but rallied back with the market on lower, but strong volume. Held at support. Still in downtrend.
CXW 08/04 Put 29.78 -0.12 29.72 27.65 721K 900K 30.62
Buy Not Issued. Did not enter because stock spent much of the session coming off the day's low of 28.96. Held below the 18 day EMA (30). Stock needs to make a clear and decisive move down on strong volume.
DIA 07/31 Put 134.20 +2.01 131.70 128.74 31M 20M 134.94
Entered today. Started higher but rolled over & that is when we moved in. Then the volatility took over and DIA surged back
up. Closed below the 50 day EMA (134.83) & that is
where we have to draw the line in the sand on this play.
GRA 08/04 Put 19.75 -0.28 19.78 17.72 1.3M 1.2M 20.55
Buy Not Issued. Reached way down but then recovered with the market, showing a hanging man doji on the close. Still looking
for GRA to turn down again and give us the buy.
NITE 07/31 Put 13.67 +0.38 13.96 12.45 3.6M 1.7M 13.62
Current. Tapped 13.01 at the low and recovered with the market on strong volume surge. Held below resistance at 14.10. Still in downtrend.
End part 2 of 3
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us stock market
trading system
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