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trend trading stock, trading system
Begin part 2 of 3
CONTINUING PLAY LIST
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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
AGP 01/15 Test BO 38.78 0.00 40.45 48.48 826K 1M 38.45
Current. Quiet session for AGP as it closed flat on above average volume, resting a bit from the strong moves of late last week. Looks good to continue higher after this quick breather.
BAX 01/19 Test BO 61.87 +0.36 62.11 72.65 3.8M 5.1M 60.08
Buy Not Issued. Continued its bounce off the 50 day EMA from last week even higher Monday on fading, now average volume. Ultimately a quiet session for BAX but if it can continue higher from here we will enter.
BIDU 02/02 Dbl btm 272.28 +2.69 283.48 348.00 7.6M 11M 277.89
Buy Not Issued. Modest gains for BIDU Monday on above average volume after its test back to the 200 day SMA from last week. Setting up to take its Dbl btm move higher here once volume picks up and watching for ht entry point there.
BVN 01/31 PreAnn 64.86 -0.71 68.11 78.45 306K 875K 64.21
Buy Not Issued. Light selling Monday on low volume for BVN as it held the 18 and 10 day EMA as support during the session. Still in decent shape to take the Cup hdl higher here just needs stronger volume to get the move going and show some buy points.
CCC 01/26 Asc Bse 16.06 +0.43 16.21 19.75 529K 1.1M 15.17
Buy Not Hit. Pushed a bit higher on rising, now average volume as CCC starts uphill again in the Asc bse. Looking pretty good here as a majority of the market took a quiet step lower Monday and ready to enter on CCC in a continued move higher.
CHT 01/22 Test BO 21.00 -0.21 21.89 25.95 857K 1.2M 20.88
Current. Ran higher during the session but faded and came back to the 10 day EMA at the close on low volume. Just caught in the market trend Monday on the light selling here and still in pretty good shape as it holds its testing low along the 10 day EMA.
CHU 01/26 Asc Tri 24.82 -0.25 23.77 28.75 1.5M 2.5M 22.11
Buy Not Issued. Doji in the rest Monday for CHU on below average volume as it takes a quick breather after some great gains from late last week. Ready to jump one on CHU once its resumes the move higher on some stronger trade in this Asc Tri.
CLHB 01/29 DB hdl 57.64 +0.45 55.75 63.95 359K 400K 55.75
Buy Not Issued. Doji Monday on fading, above average volume as CLHB looks to have run out of gas at the top of its run from last week in the DB hdl. Dropping this one for now, but if it can test here we will bring it back.
CPHD 01/07 Cup hdl 30.89 -0.13 28.64 34.35 674K 1M 30.32
Current. Still resting inside its consolidation range of the early January high in the low 30s as CPHD gave a doji at the 10 day EMA to close flat Monday. Has fading, low volume as it hibernates some more into February and just needs a pickup in trade to take the Cup hdl higher.
CREE 02/02 Cup hdl 31.39 +1.39 31.47 36.75 2.4M 3M 29.55
Entered today. Jumped in on CREE Monday with its breakout on average volume, continuing the short step higher from Friday for some impressive gains. Making great use of a solid Cup hdl base here and ready to ride this one much higher this week.
CSX 01/23 Cup 49.04 -0.89 46.31 51.95 6.4M 6.5M 48.44
Current. Weathered some light selling with most of the market Monday. Nothing to dangerous at all as it just took a quiet step lower on slightly above average volume and looks good to resume the Cup base higher soon.
DRYS 01/31 Rev HS 72.67 -1.62 75.11 89.95 2.3M 4.8M 72.15
Buy Not Issued. Doji on low volume Monday at key support from the 50 day EMA as DRYS took a short step lower. Just resting for now at the top of its January recovery move and in decent shape. Needs to hold support here and ready to enter once it continues the Rev HS higher on some stronger volume.
DXD 01/28 Test 18 54.98 +1.28 56.12 65.00 3.1M 5.9M 55.48
Buy Not Issued. Dow Ultrashort ETF bounced off the 50 day EMA, but low volume; as DJ30 sold modestly, this was a modest bounce as they move inversely. Just need it to continue this bounce higher through the week for the buy.
ECLP 01/31 DB hdl 25.35 -0.08 26.39 30.45 526K 600K 24.88
Buy Not Hit. Doji in the close flat on above average volume for ECLP Monday. Just a quick test here of the DB hdl high and looks good to resume the base higher after this pullback to the 10 day EMA into this week. Watching for the buy point from there.
FDP 01/16 Asc Bse 32.49 -0.75 35.45 42.65 377K 1.2M 33.11
Current. Came back to the 50 day EMA in some light selling with most of the market Monday on fading, low volume. Setting up for the next bounce higher in its Asc bse here once volume picks up again.
FLIR 02/02 Cup 32.52 -0.07 33.21 39.85 1.1M 1.6M 30.89
Buy Not Issued. Doji as FLIR closed flat Monday on fading low volume. Stalling a bit at resistance here for its third try at the late December high. Needs to push past resistance in this Cup base on stronger volume for the buy.
FWLT 01/17 Test 20 70.51 -1.29 64.72 73.50 2.2M 2.2M 69.92
Current. Quick pullback here on fading below average volume as FWLT ran with the market trend Monday for some light selling. Nothing too serious with the low volume and expecting some more upsides soon.
GG 01/30 Test BO 36.21 -0.54 39.31 45.45 6.7M 10M 36.65
Buy Not Hit. Doji in the gap lower Monday on below average volume with GG looking to have bottomed here in this test of the January high. Just need to see it find support and bottom in this test before we can look for any buy points.
HD 01/29 Trnd Rv 29.35 -1.10 30.57 34.00 16M 22M 29.11
Current. Modest selling Monday on fading below average volume as HD bounces its way up along the 10 day EMA into February. Just a quick pullback here but HD looking good to bounce higher again soon and continue its trend into the 30s.
HMSY 01/26 Test 50 30.96 -0.55 33.45 38.95 218K 456K 31.78
Buy Not Hit. Pushed a bit lower Monday on below average volume in this test of the mid January high. Holding support here from the November and December consolidation highs, just need HMSY to bottom in this test and bounce for the buy.
HUM 12/12 Cup hdl 78.98 -2.86 77.91 89.95 3.9M 2.4M 80.22
Current. Deep reach intraday on explosive volume as HUM reached back to tap support from the December highs near 74. Bounced from there to post some modest selling and stick around the bottom of its Cup hdl test. Still in decent shape holding key support from the 50 day EMA.
ILMN 02/02 Test BO 64.89 -2.70 68.11 78.45 2.8M 1.2M 64.57
Buy Not Issued. Gave back the great Friday breakout on more rising high volume to close at the 18 day EMA at the start of the week. With the rising volume we did not want to enter ahead of earnings. Earnings, however, were strong and ILMN took back what it lost and was trading at 69.50 late after hours. If we get a good test of a gap higher we will look at starting a partial position.
JPM 01/31 Trnd Rv 46.22 -2.03 48.55 55.55 28M 45M 46.32
Current. Low volume fade back to price support at 46, so not too upset about the action. Just need to see JPM resume the solid run from last week soon and expecting it do so once volume picks up after selling with the market Monday.
MLNM 01/16 Asc Bse 15.00 -0.36 16.86 20.45 5.1M 7M 15.68
Current. Still moving quietly along its bottom in the Asc bse, setting up to bounce higher soon once it gets the volume it needs. Light selling Monday for MLNM but not much to worry about on this low volume.
NUVA 01/28 Flat 40.28 +0.03 42.55 49.32 284K 395K 39.65
Buy Not Hit. Doji in the close flat Monday on low volume. Held the 18 day EMA as support in the session and if NUVA can continue this bounce off the 90 day SMA higher this week we will enter.
OTEX 01/30 Test 50 32.07 +0.48 31.62 37.44 543K 825K 30.77
Current. OTEX making some more upside movement into this week on fading, below average volume as it continues its bounce off the 200 day SMA into February. Running out of steam a bit as it climbs into the 32s Monday, but with all of the market on lower volume that was nothing big. Want to see it over 22 with some strength to really get moving.
PFCB 01/28 Trnd Rv 27.98 -1.24 28.77 32.75 608K 1.5M 27.11
Current. Very low volume fade to support at 28 Monday as PFCB ran lower with the market through the session. Not too serious of damage here and once volume picks up again PFCB looks good to resume the move higher.
PPDI 01/23 Test BO 42.73 -0.56 44.68 51.95 801K 1.4M 43.60
Buy Not Hit. Continued to sell Monday through key support from the 50 day EMA on fading below average volume and had to drop it.
QID 01/30 Test 18 49.09 +2.07 50.96 57.32 24M 39M 48.48
Current. Not a bad bounce off 18 day EMA. This moves inversely with NASDAQ 100 (NDX X) and thus the bounce. Not a lot of strength but showing the right kind of action at support.
QID 01/26 Test 18 49.09 +2.07 51.57 57.32 24M 39M 48.48
Current.
SDS 01/30 Test 18 60.55 +1.45 61.45 72.45 16M 25M 59.88
Buy Not Hit.
SDS 01/24 Test BO 60.55 +1.45 63.18 72.45 16M 30M 62.94
Current. Bouncing modestly off the 50 day EMA but on low volume as SP500 sold off modestly. Trying to bounce but it trades inverse SP500 and thus the market needs to sell more.
TJX 01/31 DB hdl 31.44 -0.66 32.07 36.95 5M 6.5M 30.31
Current. Low volume fade after solid upside price and volume move last week. Looks like a breather back to the support level at the 10 day EMA here and expecting some upsides again soon once TJX catches its breath.
TWM 01/24 Test 18 78.15 +2.07 85.77 97.95 4.2M 10M 82.05
Current. Moves inversely to the Russell 2000 small cap index. That index sold back modestly so TWM bounced modestly. Not much pop to it yet with this low volume. Nice job holding the 50 day EMA as support last week and Monday as well. TWM still in pretty decent shape.
VIP 01/23 Test 20 35.98 +0.18 34.13 40.95 2.8M 5.5M 33.89
Current. Need to be careful here with this doji just under the 50 day EMA Monday that could push it back. Low volume in the close flat Monday as VIP makes its way up from the late January testing low.
VIVO 01/16 Test BO 32.22 -0.34 34.68 40.95 423K 425K 32.66
Current. Looks ready to bounce after this doji from Monday in the close flat with above average volume. Resting a bit here after a great move higher from late last week and VIVO in good shape to continue its recovery move here.
VVUS 01/26 Test BO 6.04 +0.47 6.37 7.98 682K 750K 5.92
Current. Great rebound from the Friday low as VVUS bounced off the 50 day EMA on above average volume and posted some modest gains Monday. Back above the 10 day EMA and in good shape to continue higher after that quick test of key support from the 50 day EMA.
WFR 02/02 Rev HS 74.18 -1.07 77.68 89.95 3.5M 8M 74.55
Buy Not Hit. Light selling Monday on fading, now low volume for WFR as it gave a doji at the 50 day EMA after a great upside Friday session. Quick test here and just need it to resume the Rev HS move higher on stronger trade levels for the buy.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CMI 01/26 HdShldr 49.98 +3.04 47.97 42.15 4.3M 4.5M 48.45
Buy Not Issued. Showed quite a bit of strength upside as it broke resistance from the 10 and 18 day EMAs on above average volume. Not interested in chasing a strengthening stock to the downside but will watch it another session or two.
CNH 01/30 HdShldr 49.00 -0.99 49.45 43.21 429K 850K 51.77
Buy Not Issued. Low volume as it climbed intraday and then fell as it tapped resistance from the 10 day EMA to post a short step lower. Looks ready to head downhill from here after this test of the late January low and will enter once it moves lower.
CVX 02/02 Put 82.02 -0.47 81.17 77.35 10M 12M 83.31
Entered today. Sold nicely early but then reversed as oil prices improved over the session. Gave a doji below the 10 day EMA at the close and still a weak pattern as we jumped in with CVX looking to head downhill pretty soon here.
DIA 01/30 Put 126.03 -1.40 124.12 113.55 12M 26M 125.32
Current. Sold back but on low volume. Looks more like a test of last weeks move than a new round of selling at this juncture. Stalling some just under resistance at the 50 day EMA(128.60) and looks about done with the upsides in the test of the January low.
DIA 01/24 Put 126.03 -1.40 122.65 113.55 12M 26M 123.98
Current.
FLR 01/26 Put 123.26 -2.91 120.77 110.25 962K 2.3M 122.69
Current. Saw some decent selling but low volume as it got turned away from the 200 day SMA and Friday high. Expecting some more selling once volume picks up with FLR at some heavy resistance from the 200 day SMA.
IWM 01/24 Put 71.79 -0.84 69.57 65.85 55M 15M 70.88
Current. Light selling Monday on low volume for IWM as it sticks around resistance at the 50 day EMA and Friday high. As with other ETF plays, a modest move without any teeth behind it. Looks good to head into some selling off key resistance once volume picks up.
NOV 02/02 Put 64.32 +1.63 62.54 56.25 4.7M 6.5M 65.55
Buy Not Hit. Low volume bounce to test resistance at 65 and the 18 day EMA and fading. Moved up the buy point to take this bounce into consideration for the play.
XOM 02/02 Put 85.44 -0.51 85.48 81.38 19M 27M 87.15
Buy Not Issued. Sold off but a lot of that selling was late in the session as volume remained light. Decided to wait and see if it continues on Tuesday and if so it is a buy.
End part 2 of 3
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trend trading stock
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