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) STMP – found support at 50-day line in heavy volume, pocket pivot strong
p/v action
2) BIDU – close below 50-day line need more time to build the base p/v
action still weak
3) NFLX – surge through 50-day line in decent volume, bottom fishing pocket
pivot
4) TIBX – stock bounce from multi week tight, and tries to find support at
50 and 200 day line
5) AMZN – resistance and support under 50-day line – pocket pivot and
bottom fishing
9) SCSS – failed to hold 10-day line – weak p/v action
10) ASML – pulls back to key moving averages and wants to break new high
11) FTI – hanging tight above all key lines at 10-day line
12) SODA – bottom fishing pocket pivot 1/3 and 1/4 still in force, hover at
10 day line
13) LNKD – come up through 50-day line 1/13 with volume signature
14) BIIB – the stock about to break new high watch volume closely- decent p
/v action (pocket pivot)
15) PCLN – up through 50-day line and then 20- line with volume signature
pocket pivot
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) MNST- stock hit new high with buyable gap up- pocket pivot before earning
, Livermore century mark $100
7) VRSK – bounces off 10-day line again for support – decent p/v action
8) SLXP – new recent highs again – broke 10-day line in heavy volume
9) CMG – broke out of base on base
10) URI – at 10-day line but decent p/v action close to new high
11) FFIV – broke out of cup with handle base buyable gap up and pocket
pivot
12) TSCO – broke out in monster, then tries to form short stroke
13) MCD – new high after broke out from 3 week tight
14. AAP – broke new high but with week p/v action
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)
18) AAPL – close to 52 week high heavy volume pullback, stock wants
pullback (late stage base)
19) ULTA – broke out to new high from a square box base, volume less than
ideal
20) NKE – new high found support from 10-day line
13) PNRA – power push off 10-day line to new highs for this leader | l*****d
发帖数: 7963 | | r*******u
发帖数: 143 | 3
thanks
【在 l*****d 的大作中提到】
: nice
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