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trading system, stock 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 39.93 -2.58 46.25 53.95 2.9M 2M 44.38
Current. Good move Wednesday on its strong earnings and then
sold hard in the afternoon Thursday. Closed above some
support from Jay and June and was up after hrs. This
is where it has to hold up.
ALGN 07/30 Test BO 26.93 -0.36 27.77 33.38 2.1M 1.2M 2597.0
Buy Not Issued. Sold on high volume at the close of Thursday to return to the 10 day MA. Currently set to reach the 18 day MA and rebound off the April-June supports.
AMED 08/06 Asc Bse 39.49 +0.93 39.24 45.25 765K 550K 37.38
Buy Not Issued. Bounced high above the 10 day MA to verify the new high in early August. Moving on above-average volume and ready to continue the rebound into the 40's.
ARTC 08/01 Test BO 54.86 +0.67 51.89 59.75 1.1M 600K 54.38
Current. Started the last stretch of the test to gain 67 cents on high buying volume. Looking to continue the move from today as the selling has ended.
BCSI 07/28 Test 50 52.15 -2.11 52.97 62.95 841K 600K 50.98
Current. Sold on a third day of progressively higher volume to return the 10 day MA. BCSI also still in the Cup DB hdl base of 06-07 as it has held the 50 day MA in the large-scale breakout. Weathering some difficult selling that looks to pull BCSI back to the 50 day MA before a rebound.
BIDU 08/04 Rev HS 194.95 -8.75 205.55 249.90 3.1M 4M 196.22
Current. Another quiet move intraday for BIDU as it sold back below the 18 day MA. The lack of volume since last Thursday has pulled BIDU into a string of passive moves and need to see some more solid volume give BIDU a fighting chance against the market.
CELG 07/28 Rev HS 59.71 -1.91 61.10 69.95 4.5M 5.5M 58.92
Current. Holding at the key highs from December 06 and support from April and June. In the mesh of moving averages, CELG sold on average volume below the 90 day MA to land just above the 50 day MA. Ready to make the move higher here off the key support and try at the July top again.
CSCO 07/24 FlyPlat 31.40 -0.28 30.18 36.25 102M 70M 30.88
Current. Tested the high of yesterday with modest selling volume on the loss of 28 cents. Just waiting for the testing volume to end and return CSCO to the aggressive run higher.
CTRP 07/11 Test BO 39.00 -1.32 42.88 49.98 1.4M 425K 39.45
Current. Couldn't hold the August high and held selling to put CTRP under the 50 day MA. Setting up to meet the 90 day MA about a dollar beneath it where CTRP can begin the recovery off support.
CTRP 06/30 Cup hdl 39.00 -1.32 39.63 45.48 1.4M 450K 39.45
Current.
CTXS 08/01 Test BO 34.96 -2.69 37.65 44.95 3.4M 3.2M 35.55
Buy Not Issued. Fell back to the 50 day MA on some hard selling with the market. Resting along some key supports from April, June and July where it can make the reversal.
FCX 08/04 Test 50 85.86 -4.85 86.88 99.95 15M 12M 85.21
Buy Not Issued. Faded back to the 50 day MA after failing to hold the 18 day MA. Sold with above-average volume to return to June support in the mid 80's.
FTK 07/28 Test 50 33.50 -0.40 30.66 35.97 742K 604K 32.39
Current. Posted a small loss in testing the new high. So far a strong move for FTK off the test of the 50 day MA and looking to continue the move higher once testing ends.
GES 06/18 FlyPlat 52.45 +0.99 50.78 59.95 1.8M 2.2M 50.05
Current. In a great spot to overtake the July high after the breather from yesterday's quiet test. Met the July top today on above-average volume, needing to hold this volume or better to make the new high.
GME 06/21 Test BO 40.95 -3.09 41.01 48.98 3.4M 2.5M 42.38
Current. Sold back to late-June support on above-average volume. Sits below the 18 day MA after the test of yesterday's high, needing some support off the 50 day MA to begin a recovery move.
GME 05/24 Test 18 40.95 -3.09 37.01 42.45 3.4M 3.5M 42.38
Current.
GTIV 08/08 Asc Bse 21.29 +0.19 21.39 25.75 361K 302K 20.22
Buy Not Issued. Something of a flight to quality today and we could
have entered but decided to hold off and see if it
can continue on Friday. If it does we will look to move in.
HPQ 07/11 Test 50 47.02 -2.38 46.35 53.35 24M 20M 47.98
Current. Caught in the market selling, HPQ fell back below the 18 day MA to give back most of the August breakout. Nearing May-July support where it looks to make its recovery move.
ILMN 07/17 Cup hdl 48.93 -1.25 42.92 50.95 1.4M 1.6M 46.88
Current. Tested on low volume out of yesterday's break into the 50 dollar region. Low selling volume looks to end the test soon.
JCI 08/06 Dbl btm 117.62 +0.01 117.65 134.95 1.3M 1.2M 113.57
Current. Flat-lined on a third day of slightly below average volume. Losing momentum on the way up, JCI runs lateral along May support. Needing some stronger volume to rebound here back towards the July high.
LAYN 07/28 Cup hdl 46.31 +1.48 45.38 51.95 617K 315K 44.21
Current. Rebounded off the 10 day MA to post the new high in the upper-40's. Expecting the move to push much higher as volume picks up.
LRCX 08/06 Test 50 55.31 -3.32 59.01 67.98 4M 4.5M 56.77
Current. A big name that was an easy target for some of that
selling and LRCX fell to the 50 day EMA on slightly
higher volume. Not what we wanted, but not a breakdwon.
MON 08/07 Test 50 69.47 +0.47 67.60 75.95 5.9M 5M 67.77
Current. Continued the reversal from beneath the 50 day MA, meeting the July top. Runs on high volume as it sets up to pass the July top.
MR 08/02 DB hdl 33.88 -1.31 33.97 39.95 811K 750K 31.89
Current. Fell out of yesterday's lateral move to slip with the market selling. Anticipating a short test here with the low volume.
MTL 08/08 Test 50 39.99 -1.43 42.32 50.75 456K 695K 39.77
Buy Not Hit. Hit the underside of the 18 day MA to return to the 50 day MA on average volume. Ready to rebound here off the low selling volume and support along the 50 day MA and June high.
NVDA 07/25 Test 18 46.13 +0.54 47.47 56.75 19M 12M 44.44
Current. Held up well during the session and reported good results
after hoursthat pushed it higher another $2. Cool.
OMCL 08/07 Cup hdl 24.56 +0.46 24.62 29.45 904K 750K 23.11
Buy Not Issued. Met the April high and 7/25 top in its move above the 10 day MA. Needing to make it through the two points and collect them as support and has the buying volume to do so.
PETS 08/02 Test BO 14.71 -0.30 15.74 18.98 620K 450K 14.64
Current. Sold back below the 10 day MA on above-average volume and 20 cents from the 18 day MA where it looks to make the rebound on support.
PFWD 07/26 Test BO 18.21 -0.24 17.65 21.65 394K 400K 16.78
Buy Not Issued. Tests the new high on above-average volume to post a small loss of 24 cents. Expecting the test to take PWFD closer to the 10 day MA before selling volume dies out and PWFD can make the rebound.
RESP 07/31 Test BO 45.33 -2.06 46.26 52.95 570K 400K 46.65
Exited. Continued the hard selling with the market out of yesterday's dive. Sold below the 18 day MA to sit less than a dollar from the 50 day MA.
SAY 07/25 Test BO 27.03 -0.91 27.88 32.32 1.7M 1.4M 26.65
Buy Not Issued. Fell back to the 10 day MA to give back most of yesterday's move. Tests the August top and looking to sell back to the 18 day MA before rebounding high.
SLB 08/08 Test 50 92.20 -1.52 94.12 109.00 12M 12M 91.22
Buy Not Issued. Gapped down at the open showing a doji just above the 10 day EMA on slightly above average volume. Still in the pattern. Looking for a clear and decisive move on strong volume.
SNDK 07/30 Test 18 56.46 +1.18 56.89 65.45 13M 12M 53.96
Buy Not Issued. Bounced off the 18 day EMA for a nice gain on lower, but strong volume. IF stock continues the move on strong volume will be a buy.
SPWR 07/24 Test 18 78.49 +1.42 71.84 82.45 3M 2M 76.38
Current. Continue with the uptrend for a nice gain on lower, but strong volume. SPWR continues to power ahead despite the market.
SRCL 08/02 Test BO 52.14 +0.06 49.49 56.65 1.5M 1M 51.32
Current. Gapped down at the open and tried to run tapping 55.21 at the high, but faded back basically closing flat on lower, but strong volume. May be ready to take a rest after such a nice run.
STP 08/07 Test 50 42.86 -0.49 42.48 50.48 4.7M 3.9M 41.55
Current. Big gap down at the open and rallied back to recover much of Wednesday's move. Tested the 18 day EMA at the low and rallied back on strong volume surge. Still in uptrend. Filled the gap from Wednesday.
STP 07/23 Test BO 42.86 -0.49 43.31 49.95 4.7M 3M 41.55
Current.
TASR 08/04 Test 50 16.25 +0.57 15.11 18.25 5.1M 6M 14.05
Buy Not Issued. Gapped lower but closed near the high on rising, average trade. If it can continue the move we will move in.
TPX 07/28 Test BO 30.53 -1.47 32.14 38.55 2.1M 2.1M 30.18
Current. Gave back all of Wednesday's great move back as stock shows a tight doji just above th e18 day EMA. Came off the day's low of 29.50. Trying to move up after testing the breakout.
TRMB 05/31 Test 50 37.41 -0.62 31.10 35.99 1.8M 650K 34.92
Current. Continue with pullback testing the 18 day EMA at the low and made a fierce rally back on lower, but strong volume. Still in good shape. Nice orderly pullback showing its strength coming off the day's low.
VDSI 07/07 Asc Bse 31.99 +0.32 25.58 30.45 1.8M 670K 29.97
Current. Tested the 10 day EMA at the low and made a fierce rally back on lower, but strong volume. Continue the uptrend making an all time high. Snubbing its nose at the market.
VSEA 07/25 Test BO 49.77 -3.81 44.88 52.95 3.8M 3M 51.22
Current. Got a bit hairy intraday but the quality rose to the
top again and VSEA bounced nicely and closed back above
its 10 day EMA on the close.
WOOF 08/07 Test 50 42.35 +0.46 40.38 45.95 1.1M 600K 41.05
Continue to move up the 10 day EMA on very strong volume surge. Trading near the pre-split range of August 2004.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AEO 07/31 Put 22.40 -1.44 24.11 22.35 9.3M 3.5M 22.65
Gapped down and continued to plummet for a great move down the 10 day EMA. Continue with the downtrend.
AMTD 08/08 Put 16.29 -0.42 16.59 15.00 6.9M 8M 16.97
Buy Not Issued. Broke through the 10 day EMA at the high, but reversed showing a doji on average volume. Too volatile to enter. Looking for a relief bounce from a possible buying opportunity.
ETFC 08/08 Put 16.65 -0.51 17.03 15.00 11M 10M 17.85
Buy Not Issued. Gapped down showing a doji on lower, but strong volume. Looking for a relief bounce for a possible buying opportunity.
GRA 08/04 Put 20.62 -0.29 19.78 17.72 1.6M 1.2M 20.55
Buy Not Issued. Reached up test the 18 day EMA at the high, but faded back holding just below the 10 day EMA on strong volume surge. Still trading below resistance.
NITE 07/31 Put 14.16 +0.17 13.96 12.45 3.1M 1.7M 13.62
Current. Bounced on much lower volume holding just above the 10 day EMA. Holding at some resistance here. Stock needs to hold at 14.50.
SPY 08/06 Put 145.39 -4.44 148.88 143.00 356M 295M 145.88
Rallied to test the 50 day EMA (149.95), but reversed for a nice move down holding the 200 day SMA on strong volume. Showing its weakness coming off the day's high.
End part 2 of 3
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trading system
stock trading system
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