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us stock market, trend trading stock
Begin part 2 of 3
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NOTE: PART 2 PRECEDES PART 1 THIS EVENING
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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
AAPL 04/09 Cup hdl 184.73 +3.79 153.75 174.55 30M 50M 178.55
Current. Of course AAPL continued higher still with an upgrade helping drive it higher on lower, below average volume. It was an upgrade related to the iPhone Gen 2 to come out soon. We will ride it as high as it will go on this pre-iPhone 2 run. Some resistance at 192 and 195.
AAPL 03/27 Cup 184.73 +3.79 143.93 159.95 30M 50M 178.55
Current.
AAPL 03/19 Cup 184.73 +3.79 132.43 149.95 30M 60M 178.55
Current.
ACI 05/03 Test BO 61.92 +2.67 61.60 73.95 5.3M 5.5M 59.08
Entered today. Building on top of that Friday bounce off the 18 day EMA test, surging on higher, above average volume. After a test of the mid-April breakout it is on a roll again.
ACL 04/28 DB hdl 160.43 +1.30 161.51 179.95 220K 625K 155.94
Current. Gapped lower but held the 10 day EMA on the low and jumped right back up for a gain, keeping the breakout going though on hard to see volume.
AMT 04/19 DB hdl 43.25 -1.01 42.61 48.95 3.7M 6M 42.82
Current. Flopped to the 10 day EMA on the low but held on lower, average trade. Needs to hold here & rebound to keep the modest uptrend in place.
AMZN 04/19 Rev HS 75.92 -1.39 80.88 94.95 5.6M 12M 78.57
Current. Fell to close at the 50 day EMA on very low trade. Given the low volume we left it alone, looking for a rebound here.
ASIA 04/01 Rev HS 12.65 +0.20 12.27 15.50 282K 500K 12.95
Current. Tested the 18 day EMA on the low, then rebounded. Low volume, but a good higher low to bounce off of.
BBD 04/30 Asc Bse 24.42 -0.17 23.60 28.21 6.8M 10M 22.88
Current. Very low volume test after that big breakout surge last week. No problems here.
BIDU 05/03 Cup hdl 373.84 +12.34 374.71 424.95 4.5M 11M 361.22
Entered today. No tremendous volume, but a solid bounce off the 10 day EMA and we took some partial positions to be ready for the next break higher.
BIDU 04/12 Cup hdl 373.84 +12.34 289.55 339.00 4.5M 10M 366.75
BRCM 04/30 Test BO 26.28 -0.21 26.43 31.95 9.7M 23M 25.45
Current. Nice tap at the 10 day EMA on the low, showing a doji on the candlestick chart and set up for a nice rip higher after this market pause.
BZP 04/16 Test 50 21.90 +0.21 20.16 24.95 1M 1M 19.38
Current. Rallied up to new high territory then faded for a modest gain. A bit of resistance here but expecting it to make the break to a new closing high shortly.
CAT 04/24 Test BO 82.75 -0.05 82.57 94.95 3.9M 7.5M 79.77
Buy Not Issued. Another stock with a nice tap at the 10 day EMA on the low and a rebound to flat. CAT continues the lateral move setting up a great next break higher.
CAT 03/18 Rev HS 82.75 -0.05 79.83 89.95 3.9M 11M 83.21
Current.
CCK 04/24 Test BO 26.87 +0.36 27.74 33.32 1.6M 2.2M 26.18
Buy Not Hit. Nice intraday recovery as CCK bounced back to the 10 day EMA on the close. Above average volume once more and CCK is hanging in well for the next move higher to follow up on the strong mid-April breakout move.
CE 04/17 DB hdl 44.98 -0.04 43.59 49.95 984K 2M 43.69
Current. Very nice lateral action, holding the 10 day EMA on the intraday lows and bouncing back up. Set up well to surge higher.
CELG 04/16 Cup hdl 65.27 +0.91 65.42 74.85 3.9M 7M 63.11
Entered today. Volume was up but still below average as CELG moved higher. Nonetheless we picked up some shares as it made the move higher as CELG often moves on lower trade.
CELG 03/24 Flat 65.27 +0.91 61.26 73.55 3.9M 6M 62.04
Current.
CHL 04/12 DB hdl 86.59 -1.55 84.42 98.75 2.1M 4.5M 86.22
Current. Gapped lower but held near the 10 day EMA on the close on continued below average volume. Still an excellent pattern, still in great shape to make the break higher.
CHT 04/22 Rev HS 25.13 -0.52 26.60 30.55 822K 3.5M 25.57
Current. Selling a bit more on virtually no volume as it makes an April-like test of the 50 day EMA (24.84). A hold there makes a higher low and sets up a bounce point. Need to see volume return on that move.
CPST 03/12 Test BO 2.80 -0.03 2.11 3.55 2.3M 5M 2.81
Current. Still working laterally on very low volume, holding above the 18 day EMA on the lows and looking for the next break higher. Needs to show that move sooner than later or it risks running out of steam.
CRM 05/01 Test BO 69.37 +2.07 68.82 78.77 1.4M 2.4M 66.21
Entered today. Nice break higher though volume was still mushy, up but below average. After the good pullback to test near support at the 10 day EMA, however, the move was too good to pass up.
CRM 04/02 Cup hdl 69.37 +2.07 63.15 72.45 1.4M 2M 66.21
Current.
CSIQ 04/30 DB hdl 26.54 -0.58 28.08 33.95 629K 2M 26.11
Buy Not Issued. Slipped to the 10 day EMA on extremely low volume, testing back a bit more and in great position to make a higher low and post a breakout toward a new high.
CSX 03/27 Test BO 64.52 +0.38 56.62 62.95 3.1M 7.5M 62.48
Current. Hanging tough after a strong surge last week, holding its gains as it waits for the 10 day EMA (62.55) to rise to meet it.
CSX 03/17 DB hdl 64.52 +0.38 53.85 61.45 3.1M 7.5M 62.48
Current.
CTRP 04/22 Asc Bse 70.07 +2.30 57.33 66.75 1.6M 1.4M 66.21
Current. Look, up in the sky, its Bidu, its GOOG, no its CTRP. Volume is jumping still as CTRP explodes to new highs the past three sessions. 29% move in the past 10 sessions. Just letting it run but knowing it cannot maintain this pace indefinitely.
CY 04/15 DB hdl 26.86 -0.61 28.04 34.98 3.4M 8.5M 27.44
Current. Backsliding more on light volume. It has eroded but it is still in very solid shape to break higher off of this fade in a very nice technical pattern.
DRS 03/27 Cup hdl 63.73 -0.99 58.24 66.95 603K 700K 62.88
Current. Finally took a day off after a great run last week. Volume was correctly lower, showing fewer sellers than buyers. Letting it test some here.
DRYS 04/26 DB hdl 90.99 +1.13 86.45 104.95 4.7M 6M 87.48
Current. Nice surge intraday, hitting 93.88, but then giving much of the gain back. Still looking for more upside on this break higher on strong volume.
EGLE 04/17 DB hdl 31.35 -0.29 28.42 33.95 699K 750K 29.77
Current. Modest loss on the session as volume retreated. Nice breakout and no issues with it taking a day off.
EQIX 05/03 Cup hdl 88.65 -1.20 93.22 109.95 949K 1.9M 88.32
Buy Not Hit. Testing the 200 day SMA on the low and bouncing some. Just going to let it test and show us the breakout if it will.
GLW 04/30 Cup 27.04 +0.04 27.00 30.89 8.6M 20M 26.04
Current. Flat session, trading up and down, settling in the middle after a good break higher last week.
GNK 04/21 Rev HS 76.92 +3.69 68.36 79.95 896K 1M 73.48
Current. Surging once more on solid, above average volume. Very nice.
HCBK 04/22 Test BO 19.07 -0.34 18.26 21.62 5.6M 10M 18.77
Current. Testing the move, holding the 10 day EMA on the low on very low trade. Just what you want to see on a test.
IBM 04/26 FlyPlat 122.03 -1.15 125.21 139.95 6.4M 9M 121.77
Buy Not Hit. Lower, tapping at the 18 day EMA on the low on lower trade. Still testing, still holding its gains, so waiting for that next break higher.
IBM 03/05 DB hdl 122.03 -1.15 117.55 133.95 6.4M 12M 122.11
Current.
ICE 04/24 DB hdl 162.56 +1.44 160.95 189.95 1.2M 3M 154.77
Buy Not Issued. Low volume as it moved up from the Friday close. Still looking for a bit more to the upside to get us in.
ICO 05/01 Test 18 8.58 +0.41 8.51 10.65 2.7M 3M 7.91
Entered today. Right back up on strong volume. Great move.
IMCL 04/07 DB hdl 46.22 -0.84 48.59 55.95 1.4M 2.2M 45.95
Current. Holding support at 46 on low trade. This is where Imclone hits the road for us. Had that solid volume break higher Thursday, so looking for a hold here.
ITU 04/26 DB hdl 29.95 -0.01 27.96 32.95 4.6M 9M 28.21
Current. Held flat after that massive gap and fade Friday. Letting it regain its feet to continue running higher for us.
JOYG 04/23 Test BO 78.64 +1.67 75.65 89.95 1.7M 2.8M 72.91
Buy Not Issued. Moving up but just no volume. Maybe too cautious with this one but now it is getting too far away and needs a test.
JRJC 04/30 Dbl btm 21.83 -0.83 21.05 26.38 1.2M 1.8M 19.92
Current. Modest and low volume pullback after a good surge. No issues.
KSU 03/29 Test BO 46.74 -0.05 40.15 46.95 1.3M 1.4M 45.21
Current. Holding its gains as it rests after a nice renewed break higher last week.
LLL 04/29 PreAnn 110.04 -1.81 114.68 129.95 622K 1.4M 111.88
Buy Not Hit. Dropping.
LSTR 05/01 DB hdl 53.94 +0.76 54.31 62.45 593K 1.2M 51.45
Buy Not Hit. Still in its nice little pattern, ready to run the roadblock and give us a breakout.
MANT 03/31 Test BO 46.61 -1.79 47.09 54.75 277K 357K 48.48
Exited.
MEA 04/23 Test BO 13.26 +0.40 13.65 16.95 603K 455K 12.69
Buy Not Issued. Gapped higher but could not hold the move into the close. Will let it hold and then turn back up and we are in.
MPWR 04/28 Cup hdl 23.81 -0.09 22.72 26.88 405K 685K 22.38
Current. Holding onto last week's gains on very low volume, taking a breather before moving back up.
MSCC 04/29 Cup hdl 25.39 +0.30 25.63 29.95 688K 1.8M 24.48
Current. No volume but moving back up after the Friday test of the strong Thursday move.
MTL 04/17 Test BO 149.94 +4.58 153.53 180.95 906K 1.4M 145.22
Current. Gapped higher as MTL continued higher off its 50 day EMA test. No trade, but that was going around Monday.
MTL 04/09 Rev HS 149.94 +4.58 144.35 164.95 906K 1.2M 145.22
Current.
NBR 03/11 DB hdl 38.97 +0.34 32.80 37.95 5.1M 8M 37.67
Current. Another move higher after the 18 day EMA test last week. Just letting it go back up.
NKE 03/26 Test BO 66.98 -0.68 67.20 77.85 2.2M 6M 66.88
Current. Lost some ground with a gap lower but holding up in its range and on very low volume.
NUE 03/19 Test 18 76.85 +2.55 72.16 81.95 3.8M 8M 73.77
Current. Tested the 18 day EMA to end last week and is moving higher. Would really like a big breakout here and Monday was a good start.
NUVA 04/23 Test 20 39.33 -0.98 40.17 46.25 387K 600K 37.55
Current. Back to the 10 day EMA on the close but on low trade following that high volume surge last week off a 50 day EMA test. Letting it alone and looking for another bounce off of near support.
OTEX 04/05 PreAnn 37.49 -0.36 35.31 41.95 440K 1M 36.42
Current. Low, low volume as OTEX pulls back modestly after the earnings induced blast higher last week.
PCLN 04/19 Asc Bse 126.37 0.00 131.71 154.95 1M 1.8M 124.77
Current. Looked as if it was making its break higher last Thursday, faded back, but still working laterally in the tightening base.
PCLN 03/21 Asc Bse 126.37 0.00 127.64 144.95 1M 2.2M 126.57
Current.
PRGO 03/15 Asc Tri 42.31 -0.05 37.85 43.95 952K 2M 40.78
Current. Gapped higher Friday, paused Monday, and still in a nice trend higher above the 10 day EMA. No reason to stop it.
PSEM 04/19 Cup hdl 16.95 -0.08 16.09 19.25 240K 445K 16.12
Current. Nice test of the 10 day EMA after bouncing last week on strong volume. Showing a doji on the candlestick chart and ready to resume the move here.
PTNR 03/15 Asc Tri 22.52 -1.17 22.99 27.55 348K 325K 22.44
Current. Gapped lower, managing to bounce off the 50 day EMA on the low. Will see if it can recover from this drop on earnings that were treated roughly but still held key support.
PX 04/16 Cup hdl 92.81 +0.28 92.35 103.75 1.3M 3M 93.31
Current. Holding the 10 day EMA on the intraday test and bouncing back, keeping the move alive after testing the 18 day EMA last week.
RIG 05/03 PreAnn 153.87 +1.95 154.38 175.75 4.3M 7M 149.89
Entered today. Was out early, gapping higher. We took some positions on the move. It ended up off the high with lower trade. Will let it show us what it will do next, and if it continues higher we will look to add some positions. On a test back we will let it hold the 10 day EMA (151) and then move in as it bounces.
RIMM 04/09 Cup hdl 133.18 +1.26 118.75 144.95 15M 35M 129.89
Current. Gapped higher and surged near 136 before fading back. Low trade as it matched the November all-time high. May just about be at the end of this particular break higher given the volume on the break higher.
RIMM 03/21 DB hdl 133.18 +1.26 111.25 126.95 15M 32M 129.89
Current.
RIO 04/30 Test BO 40.31 +0.40 39.68 47.65 18M 30M 36.89
Buy Not Issued. Continued higher though not really showing any breakaway power.
RMBS 04/29 FlyPlat 23.26 -0.33 24.39 29.45 1.2M 3.5M 22.77
Buy Not Hit. Low volume continues as RMBS faded to the 10 day EMA on the close. Still in the lateral move, still setting up for the break higher.
RTH 05/01 Trnd Rv 96.59 -1.40 99.21 111.95 4.5M 10M 96.38
Buy Not Issued. Gapped lower. Will let it test and will watch it, but dropping for now.
SCHN 04/15 FlyPlat 89.85 +2.00 85.21 99.75 477K 850K 86.25
Current. Gapped higher, tested the 10 day EMA on the session low, then recovered to close near the session high. Trying to get through the 90 resistance but didn't quite have enough volume to make it Monday.
SCHN 04/01 Rev HS 89.85 +2.00 74.55 88.45 477K 1M 86.25
Current.
SOHU 04/01 DB hdl 76.00 -1.68 50.31 59.95 3.6M 1.8M 75.39
Current. Took a breather after screaming higher last week. Volume was higher, however, so we need to watch out for our option positions if this higher volume churn leads to some more downside. As for the stock positions, it has jumped over 25 points in three weeks and after this straight up run is due for a breather.
SOL 05/03 Test 18 17.28 +1.33 17.28 23.85 1.6M 1.2M 15.77
Entered today. Strong volume as SOL gapped higher, tested, then rallied to close near the session high.
SPWR 04/08 Cup hdl 80.10 -2.00 90.80 128.88 2.5M 5.6M 96.88
Current. Tested lower but came off the lows nicely. Still looking for a solid surge after this pullback to at least give us a better exit point up near the 200 day SMA (89).
UNP 04/24 PreAnn 146.83 -0.05 140.15 159.95 1.7M 3.2M 143.77
Current. A couple of sessions bumping 149 on the high on lower volume as UNP slows at the next station before moving back up in this excellent run.
URBN 03/26 Test BO 32.93 -0.70 32.46 38.95 3.2M 5.5M 32.77
Current. Fell to the 18 day EMA on the close on continued below average volume. Normal pullback . . . if it holds here.
VMI 04/26 Test BO 106.05 +3.48 102.60 120.95 469K 572K 103.21
Current. Nice break higher on even stronger volume as VMI extends its gains from last weeks jump off the 18 day EMA test as its first pullback to test the breakout move.
WFT 05/03 PreAnn 82.91 +1.91 81.91 97.95 4.9M 6M 78.44
Buy Not Issued. Gapped higher but closed well off its high. Volume was up and just above average. If it holds the 10 day EMA (80.99) after that gap higher and test back we are ready to move in.
YUM 04/23 Rev HS 40.44 -0.06 41.27 47.65 2.7M 4.5M 39.93
Current. Tested toward the 18 day EMA on the low (39.76) and then rebounded to hold the 10 day EMA on the close. Nice test on low volume, putting YUM in a tasty position to move higher.
End part 2 of 3
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us stock market
trend trading stock
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