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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
AAPL 09/22 PreAnn 186.16 +11.80 148.22 169.75 64M 4.8M 182.55
Current. Posted a gap far above the Monday close as AAPL gave some impressive earnings and gains Tuesday on rising, high volume. No slowing down AAPL any time soon on the explosive upside movement and rising trade.
AAPL 08/21 PreAnn 186.16 +11.80 131.45 149.95 64M 45M 182.55
Current.
ALGN 10/17 Rev HS 28.48 +0.90 28.55 34.78 1.2M 1.3M 27.11
Entered today. Gapped higher and climbed through the Tuesday session on rising, above average volume to give a great buy point for ALGN. In great shape to make its way higher for the 29s this week on the rising trade.
AMSC 10/17 Cup hdl 26.84 +0.17 26.40 31.75 553K 1.1M 25.24
Current. Made lateral movement Tuesday on fading, below average volume as AMSC posted a quiet day with a doji on the close flat. Has a great Cup hdl behind the move into the upper 20s which it looks to resume after taking the breather here.
AMX 10/06 Rev HS 67.10 +0.88 65.77 75.95 4.1M 7.5M 66.48
Current. Nice rebound to post a doji back above the 10 day EMA on low volume Tuesday. Set to resume the Rev HS from here with AMX on the upside again after the quick pullback.
BBBB 10/16 Test BO 46.55 +1.29 46.49 54.97 228K 425K 45.11
Entered today. Gave a great buy point Tuesday with the strong rebound back above the 10 day EMA through the session. Had to get in on this with BBBB looking to continue this solid upside movement through the week.
BCON 10/09 Cup hdl 2.09 +0.06 2.21 3.09 1.5M 3.9M 2.15
Current. Holds at the bottom of its test on below average volume some more this week. Has a solid Asc bse that looks to make its next bounce here off the 18 day EMA as soon as volume picks up again.
BCSI 10/22 Test BO 47.30 +0.52 47.11 56.65 1.1M 2.5M 45.21
Buy Not Issued.
BCSI 10/09 Asc Bse 47.30 +0.52 42.99 49.48 1.1M 1.2M 49.44
Current. Gave a minor rebound on fading, low volume with BCSI posting short upside movement through Tuesday.
BEAV 10/18 Cup hdl 44.59 +1.05 45.25 53.00 803K 1.7M 43.11
Buy Not Hit. Modest rebound higher Tuesday on fading, below average volume for BEAV as it recovers from the gap on the low Monday. Made its way back above the 10 day EMA Tuesday and need to see BEAV resume the Cup hdl move through the mid 40s for the buy.
BRCD 10/15 Test BO 8.90 +0.13 9.05 11.32 4.9M 11M 8.65
Buy Not Hit. BRCD continued its rebound from the Friday bottom of its test as it gave some short gains on fading, low volume Tuesday. Needing some higher trade to take the move past the prior high and will watch for entry points once trade picks up.
BRCM 09/18 DB hdl 42.06 +0.36 38.32 44.85 15M 11M 40.89
Gave a short upside doji Tuesday, trading after hours around 38 as its earnings were not too pleasing to investors. Expecting the gap lower and will have to wait and see if it can bounce or not.
BWLD 10/11 Cup hdl 40.73 +1.03 40.55 50.65 279K 800K 38.58
Buy Not Issued. BWLD making its way upside out of last weeks run along the hdl low at the 18 day EMA. Gapped higher Tuesday on rising, below average volume to post some modest gains. If BWLD can keep this kind of upside movement up we will enter.
CELG 10/22 Test 50 71.17 +1.47 70.22 80.95 3.8M 4.1M 68.22
Buy Not Issued. Gave a doji in the rebound gap higher Tuesday to close just below the 18 day EMA. Has some solid above average volume this week and looks to make its way higher. Needing to see CELG continue the upside movement on positive volume for the buy.
CIEN 10/13 Test BO 46.49 +0.70 45.23 55.65 2.4M 3.3M 43.72
Current. Decent gains posted Tuesday on below average volume with CIEN giving a quiet move higher after the great Monday session. Looks set to continue higher through this week in the recovery move started Monday.
CKSW 10/13 Cup hdl 6.57 +0.26 6.33 7.79 459K 665K 6.22
Current. CKSW gave a great gap higher on rising, above average volume Tuesday out of the Monday low at the 10 day EMA. Looks to be resuming the Cup hdl from here with volume picking up. Nice.
CMC 10/18 Cup hdl 33.77 +0.36 34.88 42.95 1.2M 1.5M 33.22
Buy Not Hit. Made some quiet, upside movement just above the 18 day EMA as CMC rests along its second pullback to the key average. Showed below average volume Tuesday and looks to start the recovery move as soon as volume picks up. Will be watching for buy points there.
COG 10/06 DB hdl 36.74 +0.04 38.38 44.45 762K 1.3M 37.98
Exited. Gapped upside but gave it back before the close on rising volume. Just did not like the action and decided to take a precaution on this one and get out.
COP 10/16 PreAnn 83.22 +0.10 88.71 100.45 10M 12M 85.95
Current. Held at the 90 day SMA for a second session with a doji Tuesday. Going to see if it can bounce up near the mid 80s to see if it stalls there. If it does manage to stall it is time to sell.
CSX 10/18 Rev HS 45.44 +0.77 45.11 52.95 4.1M 7.2M 44.11
Buy Not Issued. Decent gains posted Tuesday on fading, below average volume for CSX in the doji gap higher. Looks to be resuming the Rev HS move through the 40s this week and will enter on some higher trade.
CTDC 10/17 Test BO 9.26 +0.32 9.81 12.00 354K 2M 9.12
Current. Low volume doji in the move higher back above the 10 day EMA Tuesday with CTDC running along the bottom of its test. Needs higher volume to start the recovery move from the bottom.
CTRP 10/17 Test BO 51.99 +1.90 52.65 62.95 662K 1M 50.78
Current. Modest rebound from the Monday low on just below average volume for CTRP Tuesday. Still testing the early October high, CTRP progressively bounces higher from the mid October testing low. Looks to continue higher through the week.
DSX 10/15 Test BO 39.86 +3.34 34.10 40.95 3.5M 2.5M 38.95
Current. DSX doing a great job of recovering the Monday low with the explosive gap higher Tuesday back into the 39s. Nice, above average volume this week with DSX looking to continue upside from here.
EDU 10/22 Test BO 78.28 +4.26 76.28 87.45 461K 550K 74.11
Entered today. Bought some more of EDU as it showed some impressive upside movement through Tuesday on above average volume. Has finished the test and looks to be heading uphill from here.
EDU 10/10 Test BO 78.28 +4.26 68.61 78.95 461K 475K 74.11
Current. Great gap higher for some impressive gains Tuesday on above average volume with EDU done testing and set to run higher through the week.
EJ 10/20 Test 18 27.00 +0.05 27.92 33.85 1.1M 1.4M 26.24
Buy Not Issued. Progressively working its way higher from the test of the 18 day EMA on rising, above average volume in the upper 20s. Just quiet movement inside the October consolidation range but gaining upside momentum. Looking for the buy point once EJ shows some solid, above average volume in the move out of the consolidation.
EMC 10/08 Test BO 23.36 +0.77 21.65 25.95 41M 50M 22.39
Current. Nice move higher to continue the Monday rebound off the 10 day EMA with EMC gapping upside Tuesday on average volume. Gave a new closing high for October and looks to continue higher through the week on the rising volume.
ESRX 10/11 Test BO 58.40 -0.51 58.50 69.95 2.4M 2.5M 57.77
Current. Continuing to test this week, meeting the 10 day EMA and holding the average as support in the Tuesday session. Looks set to bottom in the test near key support along the 10 and 18 day EMA this week.
FCSX 10/11 Dbl btm 37.94 +0.99 37.33 44.95 223K 850K 36.21
Current. Nice gap higher Tuesday to continue the Monday push through the upper 30s with FCSX posting a new high for October. Has below average volume but typical trade levels for FCSX as it works its way higher this week.
FCX 10/13 Test BO 111.15 +4.42 117.92 134.95 12M 12M 111.77
Current. Nice rebound Tuesday on above average volume as FCX looks to be making its way up from the testing bottom of Monday. Nice rising volume looking to take FCX upside through the week.
FWLT 09/24 Test BO 144.10 +2.90 130.65 149.95 1.2M 2.4M 146.42
Current. FWLT with a nice, short rebound from the Monday low, holding below average volume in the bounce Tuesday. Really just a resting day with FWLT setting up for the real move higher to recover the Monday low once it gets some stronger volume.
FWLT 09/11 Rev HS 144.10 +2.90 121.21 144.50 1.2M 3.5M 146.42
Current.
GLDN 09/05 DB hdl 94.45 +3.37 73.36 83.95 306K 589K 92.14
Current. GLDN with a nice bounce higher Tuesday on above average volume to start upside again in the solid Asc bse.
GOOG 09/15 Cup 675.77 +25.02 534.86 562.95 6.8M 45M 667.72
Current. Google in great shape on above average volume and gapping upside Tuesday to continue its solid uptrend through October.
GRMN 10/22 Test 18 120.53 +5.35 119.11 140.45 5.3M 6.5M 116.88
Entered today. Great, above average volume bounce higher as GRMN gapped upside into the 120s to continue the Monday recover move. In good shape to carry the move higher through the week on the solid volume.
HLIT 09/18 DB hdl 11.57 -0.05 10.98 13.45 2M 2M 11.22
Current. HLIT still on vacation continues to consolidate through October around the 11.50s. Has some nice, above average volume through this week which may start HLIT upside out of the lateral movement, just needing some more positive trade to wake this one up.
LIFC 09/08 Test BO 41.93 +1.30 35.51 40.95 784K 1.1M 41.64
Trailing Stop. Reached lower towards the 18 day EMA Tuesday on above average volume to break the stop loss mark and had to be removed from the tables.
MA 10/20 Cup hdl 148.33 +1.74 156.22 179.95 4.5M 5.2M 150.89
Buy Not Hit. Still below the 50 day EMA after selling under the average Monday and just could not recover it Tuesday. Even had some help from the great American Express earnings but still wouldnt budge and had to be taken off the table.
MEA 09/26 Rev HS 11.95 -0.91 8.98 10.88 1.8M 350K 11.97
Current. Gave a pullback Tuesday near the 10 day EMA on some heavy volume. Need to see MEA resume the Monday push higher and hold the 10 day EMA here.
NDAQ 10/20 Cup hdl 42.08 +0.65 41.68 49.88 5.6M 3M 40.55
Current. High volume doji in the quiet upside move through Tuesday. NDAQ in decent shape working its way higher in the hdl after the late weeks bottom from last week. Not bad.
NM 10/03 Cup hdl 16.27 +0.52 14.45 17.65 1.7M 1.7M 15.89
Current. Gave a doji in the gap upside Tuesday on above average volume as NM gave a nice rebound from the Monday low. Decent movement through Tuesday with NM looking to make its way a bit higher from here on the above average volume.
NTCT 10/11 Test BO 13.72 +0.82 11.67 13.95 521K 500K 12.98
Great Tuesday session for NTCT with the gap higher on some more above average volume to recover from the Monday low. Looks to continue upside from here this week after the quick pullback in the market trend.
NVDA 10/22 Test 18 39.35 +0.19 39.65 47.55 7.3M 15M 36.95
Buy Not Issued. Saw some resting time after the Monday rebound with Tuesday show low volume in the close flat. Nice day off for NVDA, looking to resume the move soon. Will enter if it gets the volume needs once upside again.
PCU 10/16 Test BO 135.72 +5.92 135.89 156.95 1.7M 2.5M 129.65
Entered today. Jumped in on PCU with the great recovery move Tuesday, gapping higher and posting some nice gains to close the session. Set to make its way higher for a bit here from the Monday low/testing bottom.
RADS 09/27 Asc Bse 17.85 +0.47 16.65 20.00 361K 315K 17.05
Current. RADS in great shape as it continued the Monday bounce higher with a gap into the high 17s, picking up some above average volume in the process. Looks good to post some more gains from here this week.
RIG 09/25 Cup hdl 112.46 +3.25 113.85 126.95 6.5M 8M 114.68
Current. Tuesday RIG rebounded from the Monday low, keeping above average volume in the week and closing at the 18 day EMA. Nice move to start the recovery from the selling with RIG in good shape to continue higher from here as the drillers are starting to recover first without too much carnage.
RIG 09/11 PreAnn 112.46 +3.25 109.95 126.95 6.5M 10M 114.68
Current.
RIMM 08/25 Test BO 124.53 +11.15 79.76 99.95 46M 30M 121.68
Current. RIMM looking great Tuesday in the gap higher after the pullback to the 10 day EMA Monday. Saw nice, high volume as it posted some great gains into the mid 120s after gaining the rights to sell Blackberries in China.
RVBD 10/10 Cup 47.96 +0.13 50.40 57.95 2.3M 1.4M 47.44
Current. Hammered after hours on earnings, trading all the way down 39. Looks more like a dry riverbed. Will gap lower and will see if it can bounce.
SCHN 10/08 PreAnn 75.00 +1.36 74.77 91.95 389K 820K 71.97
Buy Not Issued. Gave a doji in the Tuesday gap higher above the October consolidation range with SCHN posting a modest recovery move. Needing some higher trade(currently below average) to continue upside from here. Entering once SCHN shows its out of the consolidation for some more gains.
SLB 09/24 Test BO 99.92 +4.58 106.19 121.95 15M 11M 109.11
Current. Letting this one rebound as far as it will with SLB on the rebound after the gaps lower. Keeping a close eye on SLB here as it nears the 50 day EMA as some resistance in the move higher.
SNHY 10/20 DB hdl 33.56 +0.66 34.38 41.95 131K 358K 31.97
Buy Not Hit. Decent recovery move from the Monday low along the 18 day EMA, returning to above the 10 day EMA Tuesday with a doji. Needing some higher volume to keep the move up through the week and keep us interested.
SSRX 10/06 Test BO 16.11 -0.51 19.88 24.78 374K 1M 18.68
Exited. Got out of SSRX Tuesday as it continued to sell below the 18 day EMA on average volume. Looks to continue downhill from here and had to let this one go for now.
STLD 10/22 Rev HS 51.52 +0.42 53.22 62.55 2.4M 2M 49.32
Entered today. Gave a nice move higher out of the gates Tuesday but then struggled through the session to close with some short gains. Nice, above average volume continues through the week however. STLD still in decent shape.
TGB 10/20 Test BO 5.43 +0.03 5.75 7.95 1M 1.9M 5.35
Buy Not Hit. Rests at the bottom of its test on below average volume. Looks ready to make the recovery move from here, just needing higher trade. Will enter once volume picks up in the move higher.
TIF 10/18 PreAnn 53.60 -2.19 56.22 65.95 4.9M 2.6M 54.21
Buy Not Hit. Sold off on the COH weak earnings, but TIF is no COH. It rebounded off the low and will see if it can continue higher and give us a buy.
TLM 10/20 Rev HS 20.20 +0.02 20.95 25.11 2.5M 4.5M 20.08
Buy Not Hit. Rested for a second session, closing flat at the 10 day EMA on near average volume. Holds a nice Rev HS bse just needs some higher volume to take the move up through the 20s and get our buy.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMR 10/15 Put 24.65 +1.34 23.88 21.85 12M 8M 23.57
Current. Rebounded from the Monday low to gap upside and post some gains through the session on above average volume. Some industry news (JBLU) helped the upside strength. Nearing some resistance along the 25s where AMR needs to make its return to the selling.
End part 2 of 3
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