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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 42.33 -0.32 46.25 53.95 2M 2M 44.38
Current. Fell back to the 50 day MA to test the high from yesterday, just like we wanted it to. Tested on slightly above-average volume and in good shape to push higher from here.
ALGN 07/30 Test BO 26.57 +0.53 27.77 33.38 784K 1.2M 2597.0
Buy Not Issued. Continue the lateral move as stock builds for next move up.
ALTR 08/09 Test 50 23.74 -0.45 25.61 29.95 6.3M 12M 24.04
Current. In a hard selling point for now, sitting just above the 50 day MA. Has little selling volume left in the tank and nears the May-June support so expecting the rebound soon.
AMED 08/06 Asc Bse 38.80 -0.07 39.24 45.25 201K 550K 37.38
Buy Not Issued. Selling losing its momentum as AMED nears the 10 day MA. Volume sits a new low for July and August and looks to return once AMED rebounds soon.
ARTC 08/01 Test BO 51.29 -0.29 51.89 59.75 235K 600K 54.38
Current. Met the 18 day MA on low volume to what looks to be the end of the selling. Ready to make the move up from here if volume can help it out.
BCSI 07/28 Test 50 53.00 +1.26 52.97 62.95 610K 600K 50.98
Current. Pushes towards the prior August high with above-average volume to keep the rebound above the 50 day MA alive. Expecting BCSI to hold the move a bit longer towards the July high with the current high volume.
BIDU 08/04 Rev HS 189.83 -3.02 205.55 249.90 1.9M 4M 196.22
Current. Returned to the Friday low after reaching up for 18 day MA, but falling back into the 189's. Nearing some of the early July supports here as BIDU hangs on to the Rev HS of 8/04.
BRCM 08/11 Cup hdl 32.31 -0.06 36.21 44.95 5.1M 18M 34.88
Buy Not Issued. Sold back to the 10 day MA in what looks to be the end of the test of the August high. Ready to run high from here out of the test of the Cup hdl base from May-August, expecting a turnaround soon.
CELG 07/28 Rev HS 60.19 -0.19 61.10 69.95 3M 5.5M 58.92
Current. Showing a doji just beneath the 90 day MA to close Tuesday posting a miniature loss. Set to bounce high from here with the low volume and doji setting up the move.
CSCO 07/24 FlyPlat 30.26 -0.57 30.18 36.25 86M 70M 30.88
Current. Reaches for the 18 day MA after falling through the 10 day MA on high volume. Has some decent support along the 18 day MA where CSCO looks to bounce high in the test of the August top.
CTRP 07/11 Test BO 38.52 +0.01 42.88 49.98 837K 425K 39.45
Current. Do or die time for CTRP. It has rebounded from the
Friday gap lower, tapping the 50 day MA on the high.
It now has to make the break above 40.
CTRP 06/30 Cup hdl 38.52 +0.01 39.63 45.48 837K 450K 39.45
Current.
EBAY 08/09 Test BO 34.87 -0.66 35.45 44.95 18M 25M 34.21
Buy Not Hit. Nice doji at the 18 day EMA as EBAY continues to use
the market selling to test the breakout. Very nice
action and now it is ready to bounce. Just has to do it.
EMC 08/13 Dbl btm 18.34 -0.71 19.32 22.65 126M 55M 18.15
Buy Not Issued. Gave a huge reach higher intraday with outstanding volume as it landed beneath the 10 day MA. Still in decent position to recover the low here seeing as EMC is one of the stronger ones out there. If EMC can hold this range and restart the move higher it will give a decent entry point.
FCX 08/04 Test 50 83.35 -4.45 86.88 99.95 9.8M 12M 85.21
Buy Not Issued. Sold below the 50 day MA after reaching up for the 10 day MA, but slipping lower on weak volume. Breaches the 50 day MA for the first time since March as it sets up to fade back to the 90 day MA.
FTK 07/28 Test 50 30.75 -1.25 30.66 35.97 260K 604K 32.39
Current. Returned below the 18 day MA on low volume to hold the June-July support after reaching down intraday for the 50 day MA. Expecting the reversal here with volume drying up and FTK on key support.
GES 06/18 FlyPlat 48.20 -1.96 50.78 59.95 1.1M 2.2M 50.05
Current. Rests on the 50 day MA after some hard selling intraday. Not much for volume this week but expecting the pick-up here off the key support from the June lows that looks to send GES back towards the 18 day MA.
GME 06/21 Test BO 40.07 -0.62 41.01 48.98 1.9M 2.5M 42.38
Current. Faded back to the 50 day MA in the test of August high. Fell on below-average volume as it looks to rebound soon if volume can pick up.
GME 05/24 Test 18 40.07 -0.62 37.01 42.45 1.9M 3.5M 42.38
Current.
GTIV 08/08 Asc Bse 22.11 +0.63 21.84 26.25 581K 302K 21.38
Current. Continuing the breakout into the lower-20's as volume stays high and GTIV looks to hold the move a while longer.
HPQ 07/11 Test 50 47.28 -1.15 46.35 53.35 18M 20M 47.98
Current. Holding steady volume, HPQ sold back to the 8/09 low after pushing for the July high. Expecting the rebound here again, needing to see the move with some solid volume to keep HPQ above the 18 day MA.
HSIC 08/11 Test BO 56.94 -0.96 58.74 67.45 439K 700K 57.11
Current. Met the 10 day MA on low volume, moving along some solid support from April-July. Ready to take the bounce higher from here, in great position to start the recovery move here.
ILMN 07/17 Cup hdl 45.49 -1.51 42.92 50.95 780K 1.6M 46.88
Current. Sold below the 18 day MA on some light trade to hit the mid 40's. Needing to see a reversal soon for ILMN to recover the extended test of the August high.
JCI 08/06 Dbl btm 112.73 -2.34 117.65 134.95 843K 1.2M 113.57
Current. Met some critical support from May-June to bring selling to a stop. With volume fading out, JCI in preparation for the move higher.
LAYN 07/28 Cup hdl 44.02 -2.10 45.38 51.95 160K 315K 44.48
Current. Reaches for the 50 day MA on low volume in continuing the selling from yesterday. Set to rebound soon off May-July supports at the current level in the mid-40's.
LRCX 08/06 Test 50 53.02 -1.13 59.01 67.98 2.3M 4.5M 56.77
Exited. Not the best view here as LRCX sold past the 90 day MA on low volume. Couldn't make it past the July top after a third try and gave up.
MON 08/07 Test 50 65.55 -1.99 67.60 75.95 3M 5M 67.77
Current. Resting on the 50 day MA, MON with no worries yet after some hard selling Tuesday. Moving on low volume out of the test of the 50 day MA and set to rebound soon with little selling volume left and MON resting on some solid June-July support.
MR 08/02 DB hdl 32.98 -0.09 33.97 39.95 438K 750K 31.89
Current. Held the July highs as support after reaching down past the 18 day MA intraday. Sits just a hair from the 10 day MA as volume dies out and MR ends the test of the DB hdl top.
MTL 08/08 Test 50 39.58 -0.92 42.32 50.75 359K 695K 39.77
Buy Not Hit. Sold below the 50 day MA on below-average volume after failing a third time at passing the 10 day MA. Waiting to see MTL get some stronger, above-average volume in a high move before it can give an entry point.
NVDA 07/25 Test 18 45.20 +1.69 47.47 56.75 18M 12M 44.44
Current. Pushes high into the mid-40's on a great rebound from beneath the 18 day MA. Showing a miniature DB bottom in August as NVDA gave the great move today on high volume. Expecting the continuance of the move until volume fades out towards the end of the week.
OII 08/11 Test BO 64.95 +1.36 65.65 78.94 1.4M 15M 62.22
Buy Not Issued. Rebounded above the 10 day MA to recovery the downside of the test from the 8/08 high. Beginning to a steady move higher from here as OII holds high volume on its way up.
OMCL 08/07 Cup hdl 24.24 -0.19 24.62 29.45 248K 750K 23.11
Buy Not Issued. Sits just above the 10 day MA after another quiet move to close the day low. Little to no volume for OMCL in its selling for now, quietly pulling back to rest on key support. Waiting for the solid move higher on some stronger volume to jump in.
ORCC 08/13 Test BO 11.42 -0.84 12.65 15.22 288K 350K 11.98
Buy Not Hit. Gave the entire August high back in three short days. Hit the 50 day EMA on above-average volume in what looks to sell back to the 90 day MA if volume holds up.
PETS 08/02 Test BO 14.21 -0.30 15.74 18.98 151K 450K 14.64
Current. Sold in very light trade, holding the December & January
peaks marking the high in the base. This is where it
needs to hold & the low volume pullback indicates it
will give it a shot at a new bounce.
PFWD 07/26 Test BO 17.75 -0.69 17.65 21.65 147K 400K 16.78
Buy Not Issued. Sold back to the 18 day MA, failing to make it past the prior August high. Showing little volume in its move today and ready to make the push for the prior top again soon.
SAY 07/25 Test BO 26.17 -0.83 27.88 32.32 527K 1.4M 26.65
Buy Not Issued. Anticipating the run high soon as SAY quietly returns to the 50 day MA. Ready to break higher from here as volume dies out and SAY rests on key support from January-June highs.
SLB 08/08 Test 50 89.17 -1.51 91.41 109.00 7.2M 12M 87.91
Buy Not Issued. Reaches down for the 50 day MA on low volume, setting up for the rebound soon at current support levels.
SNDK 07/30 Test 18 55.34 -2.08 57.30 66.75 9.9M 12M 54.95
Current. Sold back to the 18 day EMA on higher, but still below average volume. Should hold at support at 54.
SPWR 07/24 Test 18 71.48 -0.28 71.84 82.45 1.2M 2M 76.38
Current. Closed just below the 10 day MA in a near-lateral move along July high support. Testing looks done for now as SPWR sets up to rebound once positive volume returns.
SRCL 08/02 Test BO 48.39 -1.12 49.49 56.65 489K 1M 51.32
Current. Met the 18 day MA after getting rejected by the underside of the 10 day MA. Moving on low volume as SRCL needs to make the push past the 10 day MA to stay out of trouble.
SSYS 08/11 PreSplt 46.97 -1.77 50.32 58.75 118K 280K 48.11
Buy Not Hit. Returned to the May-July consolidation in the upper-40's after selling back below the 18 day MA. Sits just above the 50 day MA where it looks to begin the recovery move and bounce back above the 18 day MA.
STP 08/07 Test 50 38.30 -0.62 42.48 50.48 2.4M 3.9M 41.55
Current. Landed on key support February-April after the test of the 50 day MA brought STP into the upper 30's. Can push the rebound here but needing to see the return of some positive volume to get the move started.
STP 07/23 Test BO 38.30 -0.62 43.31 49.95 2.4M 3M 41.55
Current.
SUN 08/11 Dbl btm 66.85 +0.10 67.77 81.45 2.8M 5M 64.89
Buy Not Issued. Posted a miniature rebound above the 10 day MA on low volume. Waiting to see if it can hold the 10 day MA here or get caught in the market selling to close the week low.
TASR 08/04 Test 50 14.26 -0.78 15.11 18.25 2.4M 6M 14.05
Buy Not Issued. Met the 50 day MA to close Tuesday low after failing to hold the 18 day MA yesterday. Moving on low volume like a majority of the stocks for today as TASR tests the 50 day MA.
TPX 07/28 Test BO 28.55 -0.83 32.14 38.55 1.3M 2.1M 30.18
Current. Fell below the 50 day MA in the test of the August high. Held a second day of low volume to rest in the upper-20's along some decent support from April and July.
TRMB 05/31 Test 50 37.01 -0.62 31.10 35.99 846K 650K 35.92
Current. Quietly fell back to the 10 day MA to return to the Friday low. Setting up for a great move here as it consolidates out of the test of the 50 day MA.
TSL 08/09 Test 50 51.76 -2.54 58.65 72.35 666K 1.8M 54.54
Buy Not Hit. Currently falling on low volume to break past support along the 50 day MA. Not to good of a position for TSL at the moment, needing a rebound soon to keep it alive. Otherwise out for now, waiting to see how it weathers the selling here.
VDSI 07/07 Asc Bse 27.59 -2.18 25.58 30.45 1.3M 670K 29.97
Trailing Stop. Sold below the 18 day MA on above-average volume to close Tuesday. Exited this one in the risking selling move its weathering right now.
VSEA 07/25 Test BO 47.30 -1.37 44.88 52.95 1.2M 3M 51.22
Current. Tests the August high as it sold through the 18 day MA on low volume. Met some decent support from late-April and mid-July where it looks to make the recovery move higher from here.
WNR 08/11 Dbl btm 51.15 -1.35 56.96 65.45 1.6M 1.9M 53.38
Buy Not Issued. Currently sitting along May-August support after selling back below the 50 day MA. Expecting this one to fade back towards the 90 day MA before getting out of the selling.
WOOF 08/07 Test 50 39.32 0.00 40.38 45.95 241K 600K 41.05
Moved laterally beneath the 18 day MA after reaching up for the 10 day MA intraday. Showing some signs of jumping high soon once positive volume returns.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AEO 08/13 Put 22.45 -0.36 22.55 21.00 3.4M 4.2M 23.18
Entered today. Gave the great entry move out of the descending base. Currently selling well on below-average volume, expecting the move to continue into the lower 20's.
DIA 08/09 Put 130.49 -1.69 131.35 127.60 21M 26M 132.04
Entered today. Showed the HS base to start the alert for a possible downtrend and finally gave the move out of the 8/08 high. Got in as it tested the low and continue to reach for the 200 day MA.
ETFC 08/08 Put 15.00 -1.09 17.03 15.00 19M 10M 15.22
Dove lower on huge volume in the financial worries,
hitting the target and moving on through it on the
low. Can still show more downside here but keep the
stops tight on any remaining positions.
GRA 08/04 Put 20.19 -0.85 19.78 17.72 518K 1.2M 20.55
Buy Not Issued. Waiting to see how it handles the current rejection from the underside of the 18 day MA. Needing to see some stronger volume on the selling before it can give a good entry point.
NITE 07/31 Put 13.71 0.00 13.96 12.45 2.7M 1.7M 13.62
Current. Flat-lines beneath the 10 day MA to end the selling from yesterday. Expecting the push back up towards the 10 day MA before the market selling pulls it back down and volume dries up.
NTGR 08/13 Put 28.69 -1.15 29.54 27.38 1.2M 1.4M 30.22
Continues the selling past the 200 day MA on average volume to give a solid move downwards.
SIRF 08/09 Put 19.01 -0.49 19.07 17.00 884K 3M 19.77
Entered today. Rebounded on the underside of the 10 day MA to come out Tuesday selling. Setting up to back off selling a bit and test the low before returning to the move down.
SPY 08/06 Put 143.01 -2.22 148.88 143.00 264M 295M 144.11
Tapped at the bottom of the 200 day MA to open Tuesday with hard selling. High volume looks to carry the move a bit lower before testing the low in the upper 130's.
End part 2 of 3
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