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发帖数: 143 | 1 Stock Research Trader
Sprewell
Week ending: 03/10/2012
READING THE MARKET
At this moment, it seems like the stock market is at a cross road. With a
distribution day on Tuesday while leading stock sold hard, it’s time to
take a cautious stand, while the rest of the week market went up with low
volume. Leading stocks are ok so far. However it’s time on the lookout for
big boy selling, and set your stop tight to protect your capital and
confidence. It’s a week with mostly good news, the Greece issue has come to
a solution while the job data is better than expected with job increase of
227,000 and the unemployment rate staying at 8.3%.
SPECIAL NOTE – During earnings season many traders will hold only a small
portion of their positions into an announcement (if they are acting well),
or none at all, to reduce the great volatility risk associated with those
announcements.
LEADER LIST (LONG SIDE)
The leader list continues to hold names shaping bases that should/could be
watched and/or traded. In fact, the list is nearly identical to the prior
week. Remember, in choppy markets many can change categories quickly as they
approach or trade around certain key areas.
Base Builders/Pullbacks
Stocks that are either building constructive bases or have pulled back in
their price action to a key area (the 21-day or 50-day line), usually in
tepid volume
1) WYNN – pocket pivot in heavy volume at 10-day line and broke downtrend
line
2) BIDU – heavy volume broke through 10-day line and found support
3) NFLX –cut through 10-day and support at 50-day line
4) TIBX – bounce from 10-day line watch for volume to break new high
5) QCOR – cut through 10-day line in heavy volume a Sell
9) SLXP – support at 50 and 10-day line wants to march higher
10) YELP – IPO yet to form a base
11) UBNT – at 21-day line look for volume for pocket pivot
12) CDNS – pocket pivot through 10-day line, in heavy volume
13) LNKD –pocket pivot at 21 and 10-day line in heavy volume
14) BIIB – pocket pivot through 10 and 50-day line
15) NUAN – forming a new base
16) FTNT –slightly under 10-day line
17) INVN – pocket pivot through 10-day line, 50-day line, and then 21 day
line in heavy volume
18) INFA– in the process forming double bottom base, heavy volume pull back
to 10-day line
19) CF– slice under 10-day line
Recent Breakouts/Bounces Off Support
Stocks that recently broke out of bases, boxes, or consolidations or have
bounced off prior support areas and are continuing higher in price
1) BWLD–cling to 10-day line, volume need to upside
2) CLR – cut through 10-day line low volume pull back
3) SHOO – above 10-day line pocket pivot then pull back
4) ALXN– two pocket pivots bounce from the 10-day line
5) VPHM – support at 10-day line and pocket pivot
6) MNST- pocket pivots at 10-day line with volume signature and March new
high
7) VRSK – pocket pivot then pull back toward 10-day line
8) BVSN – support at 10- day line wants to break out of a short
consolidation
9) CMG – keep surging higher with low volume, riding the 10-day line late
stage, too extended
10) UA – broke out of a traditional cup with handle base and march higher
11) FFIV – support at 10-day line, wants to go higher, looking for volume
12) TSCO – broke out of multi week tight, and low volume pullback
13) RAX– buyable gap up, then riding the 10-day line, and pocket pivot
14. AAP – buyable gap up- waiting for 10-day line to catch
16) LULU – found support 10-day line, pocket pivot with volume signature
17) JAZZ – riding 10-day line wants to go higher support
18) AAPL –found support at 10-day line new all-time high
19) ULTA – at 10-day line, 2 week tight and pocket pivot all time high with
volume
20) ZNGA –broke out of a 4 week tight base in heavy volume then retreat in
heavy volume
21) PNRA – at 10-day line, waiting for volume to come in to move higher
22) SCSS – at 10-day line waiting and pocket pivot
23) SAVE – under 10-day line, consolidating
24) MELI – pocket pivot at 10-day line, volume signature
25) SWI– pocket pivot, with volume signature
26) V– resting at 10-day line
27) MA– coming down to 10 day line
28) LVS– pocket pivot and heavy volume reversal
29) ISRG– pocket pivots from 10-day line
30) LQDT– pocket pivots and pull back in light volume to 10-day line
31) KORS– buyable gap up and pocket pivots in heavy volume
32) RL– buyable gap up and pocket pivots and pull back in light volume
33) PCLN – broke out buyable gap up pocket pivot |
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