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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 177.05 -1.14 153.75 174.55 43M 50M 182.75
Current. Sold once more but after approaching support at 170 AAPL rebounded for a modest loss. Showing some support at 170 and will see if can deliver a bounce with strength. If the bounce is weak we use it to take more off the table and then wait for the test of the 50 day EMA to move back in.
AAPL 03/27 Cup 177.05 -1.14 143.93 159.95 43M 50M 182.75
Current.
AAPL 03/19 Cup 177.05 -1.14 132.43 149.95 43M 60M 182.75
Current.
ACI 05/03 Test BO 63.44 -1.15 61.60 73.95 4.9M 5.5M 62.88
Current. Low volume test of the 18 day EMA on lower, below average volume. Holding up very well.
AMSC 05/19 Test BO 30.01 +0.16 31.03 36.95 529K 1.2M 28.49
Buy Not Issued. Excellent doji at the 10 day EMA on low volume, ready to make the bounce higher as AMSC holds up very well in the selling.
APH 05/14 Test BO 45.95 +0.36 47.38 54.95 930K 1.8M 45.88
Buy Not Issued. Dropping for now as it has been weak and has 2 closes below the 18 day EMA.
ASML 05/17 Cup hdl 29.74 +0.23 30.49 36.78 2.6M 4.5M 29.22
Buy Not Hit. Still working laterally on low volume at the 200 day SMA. Very solid and like its action. Just need to see the break higher.
BAM 05/07 Test 20 36.48 +1.08 35.15 39.95 1.6M 2M 34.94
Current. Nice hold of the 10 day EMA Wednesday and a solid bounce higher Thursday, continuing its trend higher.
BBD 05/12 Test BO 22.72 -0.12 23.63 28.22 4.5M 10M 22.64
Current. Gapped below the 18 day EMA and could not retake it, but volume was extremely light so we did not obsess over it.
BBD 04/30 Asc Bse 22.72 -0.12 23.60 28.21 4.5M 10M 22.88
Current.
BG 05/21 Rev HS 117.95 -0.49 121.31 139.95 1.1M 4M 117.65
Buy Not Hit. Very solid action in its right shoulder, showing a tight doji on low volume at the 18 day EMA.
BHI 05/15 Cup hdl 85.81 -0.89 84.45 96.85 4.1M 6.5M 84.94
Current. Testing on lower volume, tapping support at 85 and cutting its losses on the session. Still in excellent shape.
BIDU 05/03 Cup hdl 335.01 -19.98 374.71 424.95 5.8M 11M 361.22
Current. Quick drop to the 50 day EMA so decided to see what kind of bounce it can generate off of that key level and see if there is an opportunity if it can recover on strong trade.
BIDU 04/12 Cup hdl 335.01 -19.98 289.55 339.00 5.8M 10M 366.75
BMRN 05/07 DB hdl 38.59 -0.10 39.11 46.95 1.1M 2.9M 37.92
Current. Nice tight doji at the 10 day EMA, setting up for a move higher as it ignores market selling.
BZP 04/16 Test 50 23.02 -1.04 20.16 24.95 763K 1M 22.88
Current. Low volume test of the 18 day EMA (22.79) as BZP consolidates and is still in good shape on its breakout test.
CAT 04/24 Test BO 82.22 -1.18 82.57 94.95 5M 7.5M 79.77
Buy Not Issued.
CAT 03/18 Rev HS 82.22 -1.18 79.83 89.95 5M 11M 83.21
Current. Closed below the 18 day EMA (82.68) for the first time since mid-April but volume was very low so seeing if it can rebound from what appears to be an outrider.
CCK 05/21 Test BO 28.15 -0.16 28.77 33.21 1M 1.8M 27.68
Buy Not Hit. Showing a nice tight doji tapping the 18 day EMA on the low. Very nice set up for the continued breakout move.
CE 04/17 DB hdl 48.71 +0.94 43.59 49.95 1.1M 2M 47.11
Current. Ignoring the market, posting gains as CE continues its lateral consolidation up a rising 10 day EMA.
CHT 04/22 Rev HS 25.31 +0.46 26.60 30.55 957K 3.5M 25.57
Current. Still working at holding the 50 day EMA on low volume, moving laterally and trying to build the floor for a new move. Very solid money flow.
CNQR 05/19 Cup hdl 35.73 -1.60 39.12 46.95 1.4M 1M 37.21
Buy Not Issued. Dropping
CPST 03/12 Test BO 3.75 -0.04 2.11 3.55 5.2M 5M 3.74
Current. Moving laterally on lower trade as CPST tests the strong mid-May rally.
CRL 05/19 DB hdl 64.01 +0.05 65.72 75.65 538K 1M 62.88
Buy Not Hit. Nice handle formation continues with a tight doji on low volume at the 10 day EMA.
CSX 03/27 Test BO 67.55 -1.30 56.62 62.95 4.8M 7.5M 66.91
Current. Sold back Thursday, but tapped at the 10 day EMA and rebounded some. Still in that impressive uptrend.
CSX 03/17 DB hdl 67.55 -1.30 53.85 61.45 4.8M 7.5M 66.91
Current.
CW 05/13 DB hdl 49.15 0.00 51.22 58.95 262K 400K 48.55
Buy Not Issued. A doji at the 18 day EMA as CW is set up well for another break higher from this handle in its 7 month pattern.
CY 04/15 DB hdl 28.15 -0.51 28.04 34.98 3.5M 8.5M 29.39
Current. Continued its pullback but held at the 200 day SMA on lower volume. Great place to find support.
CYBS 05/05 Test BO 18.07 -0.33 18.75 22.55 1.2M 1.4M 17.92
Current. Doji at the 10 day EMA on low volume. Volume declined the past three sessions as CYBS tested near support. Very nice action; now it needs to make that break higher.
DRYS 05/21 Test BO 92.12 -10.23 104.74 134.95 9.4M 7.5M 99.66
Buy Not Hit. Dropping. Sprung a leak and foundered
DSX 05/20 Test BO 34.86 -2.44 36.22 42.45 3.5M 3.5M 34.21
Buy Not Hit. Thumped lower but held the 18 day EMA on the low. Lowered the buy point to accommodate this decline but need to see volume on the upside to move in on any break higher.
EDU 05/14 Cup hdl 75.55 -0.68 79.70 91.45 199K 650K 77.38
Current. Held the 18 day EMA for the second session after dumping there Tuesday. This is where it needs to make its break higher.
EQIX 05/03 Cup hdl 87.50 -1.23 90.32 109.95 580K 1.9M 88.32
Buy Not Issued. Still fighting to make the move off the 200 day SMA. Just waiting . . . patience is a virtue, patience is a virtue, patience is . . .
EXM 05/20 Test BO 50.50 -2.60 52.88 72.42 2.7M 3.5M 48.55
Buy Not Issued. Getting oversold here, testing the 18 day EMA on the low and bounced to cut the losses. Moved the buy point to account for this as EXM could still make a big break higher.
FLIR 05/06 DB hdl 37.60 +2.73 34.32 42.45 3M 1.8M 32.69
Buy Not Issued. Gapped higher, rallied, but closed off the high. Will see if it comes back some toward 36 to test and holds. That would be a great point to move in after the gap.
FWLT 05/20 DB hdl 74.82 -0.99 78.22 93.95 1.8M 5M 74.89
Buy Not Issued. Excellent action as it fully tests the 10 day EMA on low volume, making a great handle for the break higher to come.
GLW 05/21 Test BO 27.09 +0.38 27.31 31.45 14M 17M 26.39
Buy Not Hit. Bounced off the 18 day EMA on average trade, looking ready to make the move, but it will help if the market can come back from this selling.
GNA 05/05 Cup hdl 17.35 -0.42 16.73 20.75 1.6M 1.2M 16.65
Current. Fading some on light trade after two strong upside sessions. No real worries on this one.
GNK 05/10 Test BO 69.25 -6.22 77.85 92.95 5.1M 1M 81.91
Exited.
GNK 04/21 Rev HS 69.25 -6.22 68.36 79.95 5.1M 1M 81.91
Trailing Stop.
HGT 05/05 Asc Bse 32.90 -0.74 30.48 34.95 333K 345K 32.57
Current. Fading after that good run for the week. May come back to test the 10 day EMA (32.30) before continuing.
IBM 04/26 FlyPlat 124.70 +1.08 126.38 139.95 5M 9M 126.38
Exited. Tried to rebound back through the short term moving averages, but tapped the 10 day EMA on the high then faded so we closed it to see if it tests back further toward the 50 day EMA and can give us another buy.
IBM 03/05 DB hdl 124.70 +1.08 117.55 133.95 5M 12M 126.38
Trailing Stop.
ICO 05/20 Test BO 9.72 +0.10 10.11 12.15 2.9M 3M 9.40
Buy Not Hit. Nice intraday tap at the 18 day EMA and then a rebound to hold the 10 day on the close. Volume moved up as it tested and then buyers moved in. Ready for it to start back up and give us the new buy point.
ICO 05/01 Test 18 9.72 +0.10 8.51 10.65 2.9M 3M 9.89
Current.
ISIL 05/19 Cup hdl 28.21 +0.01 29.55 33.95 1.9M 2.8M 27.84
Buy Not Hit. Tight doji on the 10 day EMA and it looks as if ISIL has made its pullback to test that Monday break higher.
ITU 05/08 Test BO 27.61 -0.10 29.10 34.88 2.7M 7.5M 27.94
Current. Gapped lower but held flat, tapping the 10 day EMA on the high and fading back on very low trade. Still solid, just needs the market to get through this selling bout.
ITU 04/26 DB hdl 27.61 -0.10 27.96 32.95 2.7M 9M 28.21
Current.
JRJC 05/20 Test BO 22.22 -1.18 23.65 29.95 1.1M 1.8M 21.88
Buy Not Hit.
JRJC 04/30 Dbl btm 22.22 -1.18 21.05 26.38 1.1M 1.8M 24.55
Current. Continued lower to the 18 day EMA though on continued below average volume. Volatile stock so we let it make the test and we will look ag picking it up as it bounces. Moved the buy point to accommodate this drop.
KSU 05/10 Test BO 47.11 -0.99 47.95 55.88 864K 1.2M 46.11
Current. Still solid, tapping the 18 day EMA on the low and rebounding some. Still in its trend so not worrying about this one now.
KSU 03/29 Test BO 47.11 -0.99 40.15 46.95 864K 1.4M 45.91
Current.
KWK 05/19 Test 50 38.19 -2.30 41.30 48.95 3.8M 3M 39.91
Exited. That was a kwik turn to the downside, breaking the 50 day EMA with stronger volume.
LUK 05/06 Asc Bse 53.31 -0.09 55.05 62.95 680K 1M 54.11
Current. Holding right near the 18 day EMA on low volume. This is where it needs to make its bounce.
MCHP 05/14 Cup hdl 36.44 +0.16 38.31 44.38 1.5M 4.7M 36.32
Buy Not Issued. Holding at some support but not liking this double top that has set up, the second peak on very low volume. Will keep watching it but have cooled on this one.
MDR 05/20 Asc Bse 57.97 -1.58 61.78 71.95 1.7M 3.5M 58.45
Buy Not Hit. Fell to close near the 10 day EMA on lower volume, setting up a better run at the breakout.
MEA 04/23 Test BO 15.70 -0.60 14.28 17.75 1.3M 455K 15.65
Current. Big reach down to the 18 day EMA intraday but then rallied to close a the 10 day EMA and mitigate its losses. Stronger volume on the reversal back up so we left it alone.
MICC 05/12 DB hdl 116.22 -0.23 120.42 143.95 345K 1.3M 115.55
Buy Not Issued. Nice tight doji at the 18 day EMA on very low volume. Likely have just seen the bottom in the handle but still need to see the breakout to move in. An aggressive play is a buy at 117.68 if volume is jumping as it makes that move.
MPWR 04/28 Cup hdl 23.05 -1.21 22.72 26.88 1.4M 685K 24.04
Trailing Stop.
MSCC 04/29 Cup hdl 26.28 +0.59 25.63 29.95 1.8M 1.8M 26.11
Current. Bounced on stronger (and very strong) volume after the Wednesday selling to the 18 day EMA. Like that action, turning slop into a small pop.
MTL 04/17 Test BO 51.10 -3.62 51.17 60.32 3.3M 1.4M 53.38
Trailing Stop. Turned lower on rising volume so we closed out the rest of our positions.
MTL 04/09 Rev HS 51.10 -3.62 48.12 54.98 3.3M 1.2M 53.38
Trailing Stop.
MTRX 05/17 DB hdl 23.80 -0.76 25.05 29.95 436K 550K 23.44
Buy Not Issued. Volume jumped above average for the first time in a week. Not the best action as it was on a down day but still a nice pattern and will stay on top of this one.
NBR 03/11 DB hdl 41.41 -0.14 32.80 37.95 5.9M 8M 40.55
Current. Lower volume, holding flat as it tests back some and continues its uptrend.
NOV 05/13 Test BO 81.96 -1.32 75.95 88.95 8.2M 6.2M 77.81
Current. Gapped higher again but could not hold the move, closing lower on the session. That is a warning flag that NOV is coming back more and toward the 10 day EMA (78.39).
NSC 05/06 Test BO 63.50 -0.29 63.40 72.75 2.9M 3.6M 62.89
Current. Modest move lower on very low trade as NSC tapped at the 18 day EMA on the low and recovered some ground. Still in a very solid uptrend.
NTES 05/08 Test BO 22.60 -1.45 23.55 29.31 4.6M 1.5M 23.77
Exited.
PLLL 05/21 DB hdl 22.20 -1.01 23.65 27.75 569K 750K 22.21
Buy Not Hit. Dumped back but volume was lower and it held its recent lateral range. Just being patient.
PSEM 04/19 Cup hdl 18.00 -0.49 16.09 19.25 611K 445K 17.94
Current. Big reach lower to the 18 day EMA and then a swoosh back up on rising volume to hold its breakout and keep it still looking good.
QQQQ 05/06 Test 20 48.35 +0.17 49.20 52.60 153M 140M 48.44
Current. Doji at the 200 day SMA on lower trade. Looks very good for a break higher off this test, but it will need to get over the early May high and do so on volume to keep the trend in place.
RIMM 04/09 Cup hdl 130.49 -2.40 118.75 144.95 20M 35M 136.88
Current. Broke below the 18 day EMA but managed to rebound to hold some support at 130. Volume was up; important test here for RIMM. If it cannot clearly resume its move it is a threat to go to the 50 day EMA at 123.86). Thus if a bounce fails below 135 it is a good idea to take some more off the table.
RIMM 03/21 DB hdl 130.49 -2.40 111.25 126.95 20M 32M 136.88
Current.
RS 05/10 PreAnn 66.97 +0.69 65.04 73.75 1.1M 1.4M 65.55
Current. Ignoring the market of late, working laterally to the 10 day EMA, showing solid volume Thursday. Looks very nice.
SCHN 04/15 FlyPlat 99.63 +1.53 85.21 99.75 555K 850K 95.68
Current. What selling? Continues its uptrend along the 10 day EMA (96.89.
SCHN 04/01 Rev HS 99.63 +1.53 74.55 88.45 555K 1M 95.68
Current.
SIM 05/13 Cup hdl 15.43 -0.07 13.67 16.48 108K 250K 14.94
Current. Took a moment on low volume after a stellar run higher. After 9 straight up sessions it will likely take a break for a test.
SLT 05/17 Rev HS 22.11 -0.18 22.65 28.55 786K 1.2M 21.06
Current. Very flat, lateral move after breaking higher last week.
SOHU 04/01 DB hdl 77.78 -0.33 50.31 59.95 2.4M 1.8M 81.32
Current. Nice doji that tapped at the 18 day EMA on the low and rebounded to close flat. Need to see a solid break higher to put SOHU onto a new up leg in this run.
SOL 05/03 Test 18 22.89 -2.61 17.28 23.85 6.3M 1.2M 25.21
Current. Plunked down with the solar stocks, but it is a new and thus volatile issue. As it held the 18 day EMA on the low and rebounded we left it to run another day.
STLD 05/15 Test 50 37.25 +0.50 37.88 44.95 6.6M 5.5M 36.21
Current. Strong volume as STLD bounced off the 10 day EMA test, but it gave up most of the gain on the session. Still a solid pattern, however. Very solid.
TTEK 05/06 Test BO 25.71 +0.99 24.86 29.65 724K 900K 24.48
Current. Breaking higher on solid trade. No issues with that at all.
ULTI 05/08 Test BO 35.96 +1.18 35.72 42.95 246K 325K 33.94
Buy Not Issued. Broke higher but volume really wasn't there so we decided to pass. May regret that move, but given the market wanted to see more conviction.
UNP 04/24 PreAnn 154.44 +1.36 140.15 159.95 2.9M 3.2M 150.11
Current. Splits 5-29-08. Moving laterally waiting for the 10 day EMA to catch up. It did Thursday. Very strong and looking for this to send it higher.
V 05/13 Test 18 77.31 -3.54 84.08 99.75 21M 25M 80.54
Exited. The nice lateral consolidation turned into a nasty thud.
VIP 05/17 DB hdl 35.38 -0.31 35.19 41.94 3.6M 4.5M 33.65
Current. Holding up very well, holding most of the gains after the break higher this week.
VMI 04/26 Test BO 114.13 -0.27 102.60 120.95 355K 572K 112.88
Current. Tapped the 10 day EMA on the low and then rebounded to cut the losses, holding its great trend to the upside.
VRSN 05/10 DB hdl 39.64 +0.31 38.61 47.95 1.8M 4.5M 39.69
Current. Spending the week testing the strong run higher, coming back to the 10 day EMA on low volume. Very nice and setting up for a new break higher.
WFT 05/03 PreAnn 86.05 -1.89 83.42 99.95 3.6M 6M 86.69
Current. Testing back the past two sessions after a good move, but held the 18 day EMA on low volume, and that is the point where this uptrend has found support so looking for a new break higher and can look at adding some positions for a new bounce.
WGOV 05/20 Test BO 38.48 -0.15 38.89 44.85 712K 1M 36.89
Buy Not Issued. Holding well at the 10 day EMA with a doji on lower volume. Nice set up for a break higher.
End part 2 of 3
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