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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
ALNY 02/11 Cup 33.75 -0.07 33.71 40.45 355K 730K 31.57
Buy Not Issued. Forming a handle to its base, tapping down at the 10 day EMA on the Friday low after moving higher all week. May take a few sessions to complete the handle but after that it will be ready.
ATW 02/13 Test 50 90.37 -0.55 91.18 104.65 476K 700K 87.89
Current. Got a bit wilder on Friday, gapping higher then selling off to the 50 day EMA, then rebounding . . . Still in great shape to continue higher but needs to push on through this level that marks the mid-December peak.
BTU 02/13 Dbl btm 55.63 -1.44 58.05 66.95 5.7M 7M 54.88
Buy Not Issued. After an up then down session Thursday, BTU gapped lower but managed to hold the 50 day EMA (55.05) on the close. Still just being patient to let it set up and break out for us.
BVN 01/31 PreAnn 67.85 -1.25 70.12 79.95 405K 875K 68.12
Current. Low volume week, falling all week through Friday as it worked laterally. Tapped the 18 day EMA on the low and rebounded to close at the 10 day EMA. Still in solid shape.
CCC 01/26 Asc Bse 17.74 +0.27 16.89 20.55 579K 1.1M 16.97
Current. Nice action for the week, surging Monday through Wednesday. Thumped lower Thursday and Friday it sold down to the December peak, the high in the pattern and snapped back for a gain. Very nice, and by golly, it is ready for us to add some more positions.
CHNR 02/04 Dbl btm 22.67 -0.97 23.32 29.97 184K 550K 21.69
Buy Not Issued. Gapped lower, finishing the week with a low, low volume test of the 50 day SMA on the close. Up early in the week, down late, but can make a higher low here and make the break higher for us.
CHT 01/22 Test BO 21.84 +0.12 21.89 25.95 1.5M 1.2M 21.11
Current. Gapped higher to start the week, tested the 10 day EMA on the Friday low, and recovered positive. Showed the right price/volume action and still looks great.
CHU 01/26 Asc Tri 24.92 +1.15 23.86 28.95 1.8M 2.5M 23.62
Current. Gapped higher Thursday, gapped higher Friday as well, both on strong volume. Chu-chu.
CMED 02/04 Test BO 51.61 -0.94 51.68 59.45 395K 935K 51.45
Current. Nice mid-week surge then a complete test of that on the Friday low before CMED recovered nicely to cut its losses and maintain its solid pattern and positioning.
COIN 02/04 Test 18 9.99 -0.06 10.38 12.95 371K 978K 9.48
Current. Still waiting for COIN to make us some coin. No issues with the pattern; it is beautiful with its low volume lateral move with solid volume sprinkled in on the upside days. Just letting it work laterally. When it goes, it is likely to go big.
CREE 02/02 Cup hdl 32.69 -0.53 31.47 36.75 1.1M 3M 32.42
Current. Great start to the week as CREE continued the prior week's surge. Then it hiccupped and finished the week bouncing up and down but moving laterally on low trade, creeping along, waiting for the 10 day EMA (32.17) to catch up. Getting close.
DBC 02/12 Asc Bse 33.73 -0.16 33.83 37.95 995K 900K 32.87
Current. Nice gap higher Thursday after the test of the breakout the prior week. Excellent upside volume even if it did fade modestly Friday.
DRYS 02/11 Rev HS 80.73 -3.52 82.04 95.95 9.7M 6M 87.88
Target Hit. Earnings gapped it higher, we took the gain. Then the move ran dry; DRYS reversed, gave back almost 8 points off its high.
EMKR 02/11 Rev HS 12.32 -1.40 14.78 17.75 3.8M 2.5M 13.22
Buy Not Issued. Gapped to the 50 day EMA. That pretty much wrecked it. Dropping.
FLIR 02/02 Cup 31.62 -0.91 33.21 39.85 1.2M 1.6M 30.89
Buy Not Issued. Gapped lower, managed to recover from a big reach lower. May recover, may not. Dropping for now but will watch to see if it can recover.
FLO 02/07 Cup hdl 24.31 +0.16 24.87 28.48 478K 750K 23.91
Current. Up and down week. Surged higher Wednesday, gave it back Thursday, bounced modestly Friday. In the end it is working laterally, still looking ot make the break higher.
ILMN 02/02 Test BO 71.95 +1.10 69.86 79.95 1.7M 1.2M 69.11
Current. Nice run for the week, getting a bit volatile Thursday and Friday, tapping at the 10 day EMA on the low and then bouncing nicely Friday on rising above average volume. Nice and is ready to make the move for us. Love it when a stock puts the moves on us.
JEC 02/13 Dbl btm 75.82 -0.97 79.75 95.75 1.5M 2.5M 75.68
Buy Not Hit. Jacob disappointed us to end the week, squandering a nice Wednesday break higher. Faded Thursday and Friday, but showed a doji and recovered quite a bit off the lows. No rush; will just wait and see if JEC can engineer the break higher off the 200 day SMA and this nice base.
KWK 02/05 Test BO 32.60 -0.73 30.78 36.45 2M 3.4M 31.91
Current. Strong week with a quick breakout from its excellent base. Tested Thursday and Friday, reaching all the way down to the 10 day EMA on the Friday low then rebounding for a modest loss. Nice recovery. Also, ready for more positions as it continues this recovery. Go with a winner, baby.
MA 02/09 Rev HS 206.00 +3.77 208.22 239.00 2.9M 5M 201.11
Current. The action last week was common among a lot of the big leaders in the last rally through December. In other words, a lateral week along support. Thursday and Friday it tapped the 50 day EMA on the lows and rebounded, Friday managing to hold a good gain. Good start. Now we see if it can make something of this and show us it is the master of its domain.
MM 02/07 PreAnn 55.19 -0.43 52.78 61.45 308K 450K 53.77
Current. Nice week for this steel stock. Doji Thursday after a run, gap lower Friday, but after reaching lower it rebounded to recoup most of the gains. Need the test so it took it. Okay then.
NOK 02/12 Rev HS 36.11 -0.11 37.88 43.65 8.9M 23M 35.98
Buy Not Hit. After gapping up Tuesday, NOK could not push on through, instead fading to the 18 day EMA Friday. Will see if it can hold here and recover, show us a breakout.
OTEX 01/30 Test 50 33.94 -0.56 31.62 37.44 823K 825K 33.88
Current. Great week with that Monday blast off from the 50 day EMA, moving up through midweek before the Thursday and Friday test. Tapped toward the 10 day EMA (33.09) on the low and recovering some. May make a full test of that level before it is through, but no issues. If it does we reload and take some more positions as it breaks higher again.
POT 02/09 Rev HS 147.88 -0.61 143.57 162.65 4.5M 7.5M 146.88
Current. Gapped higher Tuesday and was roaring. Then it gave back half its big gain. It didn't go to pot after that, but it could not continue higher for the week. It ended with a familiar pattern, i.e. tapping the 10 day EMA on the Friday low then rebounding. That is cool; it filled the Wednesday gap so that is out of the way. Now it is ready to move higher.
PTNR 02/09 Asc Bse 21.49 +0.15 22.12 26.65 116K 402K 20.74
Buy Not Hit. Spent the entire week working laterally over the 18 day EMA in its pattern. Nothing to report other than it continued its pattern, and it is still ready to move.
RIMM 02/09 Dbl btm 95.19 -0.35 92.30 105.95 14M 32M 94.44
Current. Rallied to the 50 day EMA (97.49) on the week then faded to close it out, but a nice test and hold of the 10 and 18 day EMA to end the week.
RIO 02/11 Test 20 32.03 -0.18 32.32 37.77 20M 28M 30.21
Buy Not Issued. Up early in the week, down to test and hold the 50 day EMA on Friday. Trying to make a higher low and set the next breakout.
SPN 02/11 Dbl btm 42.29 -0.23 42.55 48.95 704K 1.2M 41.11
Buy Not Issued. Has formed up a nice handle to its double bottom, tapping the 10 day EMA on the Friday low and rebounding to flat. Very nice set up for the break higher.
STLD 02/14 Dbl btm 54.38 -0.75 55.97 65.95 1.7M 3M 52.89
Buy Not Hit. Rallied off the 200 day SMA the past week then taking a pause Friday with a tap at the 50 day SMA on the low. May take another session or two to finish the pause after the initial surge.
SVNT 02/06 Test 50 20.59 +0.38 21.33 25.95 863K 2M 20.22
Buy Not Issued. Low volume all week as SVNT worked laterally over the 50 day EMA in a narrow range. Very nice set up for the break higher and Friday it was up after a test of the 50 day EMA intraday. Solid money flow; looks very good.
TJX 01/31 DB hdl 30.04 +0.13 32.07 36.95 4.3M 6.5M 30.31
Current. Tough week that started with a nice bounce. Thursday it tanked to the 50 day EMA and it was selling Friday before a recovery for a modest gain. Low volum all week and we will see if it can recover post holiday.
VIP 02/12 Dbl btm 36.78 +1.25 37.68 44.95 2.4M 6M 35.45
Buy Not Hit. Gapped higher Tuesday then spent the rest of the week trading up and down below the 50 day SMA (37.70). Remains well positioned to make the break higher.
VVUS 01/26 Test BO 5.95 -0.05 6.37 7.98 372K 750K 6.11
Current. Familiar theme, rallying to start the week, testing back to the 18 day EMA to end the week, coming back from a deeper Friday dip. Still decent, but it needs to show us something this week.
WFR 02/09 Rev HS 75.95 -2.84 81.09 95.95 4.3M 7M 78.21
Current. Good week . . . until Friday. WFR gapped lower. Managed to bounce off the 90 day SMA and hold the 50 day EMA on the close. Low volume so no distribution, thus will see if it can recover this week.
XTO 02/14 Test BO 55.29 +0.29 55.21 62.97 16M 7M 54.08
Entered today. XTO never went all the way back to the 10 day EMA on the low, but it came close, and as it rebounded Friday on some massive volume we opened some positions.
YTEC 02/13 Test BO 17.55 +0.03 18.48 23.55 57K 700K 17.19
Buy Not Hit. Next to nothing volume to end the week as YTEC continues its test with a lateral move waiting for the 10 day EMA (17.04)rising to meet. That will likely set it off on its move.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CAM 02/12 Put 41.36 +0.26 41.44 37.32 3M 4.8M 43.08
Buy Not Issued. Tapped the 200 day SMA on the Thursday high and faded. Sold off Friday but held 40 and recovered positive. Low volume so just looking for CAM to turn back down to give us a buy.
CNH 01/30 HdShldr 48.37 +0.16 47.65 41.54 382K 850K 4615.0
Current. Rallied early in the week but hit the 18 day EMA Wednesday and that stalled it, leaving it just over the 10 day EMA (47.83) on the Friday close, showing a doji. This is where it needs to give in.
DIA 01/30 Put 123.33 -0.44 124.12 113.55 9.8M 26M 123.44
Current. Gapped lower after rolling back over Thursday. Closed at the 10 day EMA (123.70) Thursday and gapped below that level Friday. This is the licklog as DJ30 wrestles at the 10 day EMA once more.
DIA 01/24 Put 123.33 -0.44 122.65 113.55 9.8M 26M 123.44
Current.
GRMN 02/09 Put 66.35 +0.83 65.58 59.54 4.7M 5.5M 67.82
Current. Continues below the 10 day EMA (66.34), moving laterally in a tight range all week. Showed some stronger volume upside Friday. Hmmm. Needs to fail here.
IBM 02/05 Put 106.16 +0.03 103.92 99.15 6.2M 9.5M 103.38
Current. Surged to start the week, turned back at the 200 day SMA Thursday. Friday it gapped lower again but recovered to close just over the 50 day EMA. Low volume rise last week to the early February high; something of a double top. Needs to head lower from here.
INTC 02/14 Put 20.11 -0.35 20.32 18.75 78M 85M 20.98
Buy Not Issued. Gapped lower then rattled around above 20 for the rest of the session. Still looking to move in as it continues lower.
IWM 02/14 Put 69.87 -0.31 69.88 67.35 65M 98M 71.11
Buy Not Issued. Gapped lower and sold off early but managed to recovered for a modest loss at the close. Below the 10 and 18 day EMA, and still looking for a further selloff from that double tap at the 50 day EMA this month.
IWM 02/09 Put 69.87 -0.31 69.09 66.04 65M 15M 70.44
Current.
PCLN 02/05 Put 123.86 +21.63 95.45 86.05 9.2M 1.8M 94.11
Current. Well PCLN gapped up, and that was enough to send our put options close to zero. Then it kept rallying higher and higher and higher. From on the ropes Thursday to rocket launch Friday in a weaker economy. Will just see if it tests a bit and unload it.
QID 01/30 Test 18 50.85 +0.32 50.96 57.32 25M 39M 51.88
Current. Gapped higher and rallied nicely intraday as NASDAQ 100 sold, but then softened as the market recovered into the close. As with NASDAQ 100, it is on the line here, depending upon the way the market breaks.
QID 01/26 Test 18 50.85 +0.32 51.57 57.32 25M 39M 51.88
Current.
SDS 01/30 Test 18 63.02 +0.42 63.28 72.45 17M 25M 63.38
Current. Gapped higher as SP500 opened weaker, and was looking quite good until the afternoon recovery. Did close at the 10 day EMA, and it depends upon whether the large caps break lower from the lower high this week.
SDS 01/24 Test BO 63.02 +0.42 63.18 72.45 17M 30M 63.38
Current.
SU 02/06 Dbl Top 96.36 -1.17 90.08 85.11 1.4M 2.6M 93.11
Current. Came back Thursday and Friday, tapping the 200 day SMA (94.92) on the low and recovering some losses. Low volume all week. 95 is a key level it has to break early this week. The pattern is still looks like a collapsed lawn chair but that rally in oil pulled it right up.
TWM 01/24 Test 18 81.95 +0.55 85.77 97.95 5.5M 10M 82.05
Current. Gapped higher after a good recovery Thursday. Fell back off its high as the small caps rallied in the afternoon. Nice double bottom in this pattern, mirroring the double top at the 50 day EMA this month. Looking for the small caps to break lower and send TWM higher.
VLO 02/05 Put 58.37 -0.39 56.58 51.66 7.8M 9M 57.88
Current. Up and down session to session last week, finally coming back Thursday and Friday. Friday it was selling nicely but then recovered to the 10 day EMA. Needs to fail here.
XLF 02/05 Put 26.83 +0.42 27.19 25.05 102M 115M 27.08
Current. Sliding lower all week but just modestly as the 10 day EMA (27.18) sits on top of it. Still heading lower but no definitive break yet.
XOM 02/02 Put 85.37 -0.18 83.78 79.45 24M 27M 82.05
Current. Surged higher with oil last week, peaking Thursday with a tap at the 50 day EMA and the 200 day SMA, showing a doji. Sold back Friday to the 10 day EMA but then recovered to flat. Trying to hold up but weakening again in a chair that looks like a collapsed lawn chair as well.
End part 2 of 3
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