r*******u
发帖数: 143 | 1 Stock Research Trader
current holding- AH, TIBX, LNKD, FTNT, SPPI, INVN, VPHM
Sprewell Yu
Week ending: 01/21/2012
READING THE MARKET
The scent of game on long side has stated over the last two reports. The
NYSE has gone above 200 day line while Nasdaq broke out of a consolidation
with confirmation from leading stocks. On Tuesday the market gap up from
strong GDP Data from China, the market has gap up in the morning has pulled
back by Citigroup miss earning, While on Wednesday plenty of stock has hit
pocket pivot, a sign of institutions buying. Lastly Thursday and Friday
market open low and close high which is a very healthy sign for the market.
A lot of stocks are bit extended now, it’s advised to wait for pull back
for entry.
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) AAPL – close to 52 week high heavy volume pullback, looking for pullback
(late stage base)
2) BIDU – still above 50-day line need more time to build the base p/v
action still weak
3) ULTA – choppy action as the stock regain 50-day line with some volume
4) NKE – bounce from 21-day area
5) FFIV – found support under 50-day line – and closes at 50-day line
9) SCSS – holding above all key lines – good p/v action
10) ASML – pull back to key moving averages with big volume
11) FTI – hanging tight above all key lines slightly below 10-day line
12) DPZ – barley hanging on to its 50-day line – watch for pocket pivot
13) PNRA – power push off 10-day line to new highs for this leader
14) BIIB – the stock about to break new high watch volume closely- decent p
/v action (pocket pivot)
15) ULTA – close above 50-day with volume
16) GNC- close above 50-day wait for volume to push the stock higher
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) NUAN– broke out and hit new high is pulling back look for support at 10-
day line (Leader)
2) SPPI – breakout from a 3 week tight base formation and close below 10-
day line
3) INVN – broke out from IPO base 11.95, up 20 percent in less 3 week , and
hold for 8 weeks
4) ALXN– new high then pull back and broke 10-day line
5) VPHM – new high after found support at 21-day line
6) Tibx – stock bounce from mutlit week tight , and tries to find support
at 50 and 200 day line
7) VRSK – bounces off 10-day line again for support – decent p/v action
8) SLXP – new recent highs again – support at 10-day line
9) CMG – broke out of base on base
10) URI – at 10-day line but decent p/v action close to new high
11) V– tries to regain 10-day line , p/v is weak
12) TSCO – broke out in monster volume now
13) SBH – sits slightly under 50-day line for now looking for support
14. AAP – holding tight at the 10-day line wants to break higher
16) LULU – found support 10-day line in good p/v action pocket pivot (Late
stage base breakout)
17) JAZZ – found support at 10 day line in good p/v action) |
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