r*******u
发帖数: 143 | 1 Stock Research Trader
Sprewell Yu
Week ending: 01/28/2012
READING THE MARKET
Stocks continued to march to higher as break out stock holding up well and
move higher while the indexes were consolidating in healthy fashion. And
institutions were still putting money to work. On Wednesday, the Fed would
let the interest rate holding at their current low level until 2014 which
has sparked the rally, and on Friday there were divergence on the index, Dow
was pulling back while Nasdaq going higher. Another constructive note is
that Gld and Slv found support at the 50-day line with volume signature. At
this moment all investors should do is sit tight and buy should fundamental
stock that are breaking out, and forget what the pundit says about the
market while paying attention to the price volume on the market as the train
is leaving.
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 10-day line in heavy volume, about to break out
from cup shape base p/v action
2) BIDU – found support at 10 and 50-day line, and moving toward 200-day
line
3) NFLX – surge through 50-day line in decent volume and found support at
10-day line
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 – hit resistance at 50 and turns lower in heavy volume
12) SODA – bottom fishing pocket pivot 1/3 and 1/4 still in force, hover at
10 day line
13) LNKD – found support at 10-day line in strong p/v action, pocket pivot
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 200- line and trying to catch up
with the 10-day line
16) FTNT – holding at 50-day line, wait for volume signature to the upside
for pocket pivot
17) AH – holding at 10-day line, wants to move higher, volume preferred
18) CDE– found support at 10, 50, and 200-day line in heavy volume, pocket
pivot
19) MCP– bounce from 10 and 50-day line with volume signature – pocket
pivot and bottom fishing
20) IRSG– found support at the 50-day line, weak p/v action
21) INFA– gap up through 50-day line, more work needed be done
22) CF– holding at 10-day line weak p/v action
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 below at 10-day line
weak p/v action
2) CLR – bounce from 10-day line in heavy volume
3) INVN – broke out from IPO base 11.95, choppy p/v action, wants to build
another base from here
4) ALXN– new high then pull back and broke 10-day line
5) VPHM – broke out and pullback 10-day line wait for volume to upside for
pocket pivot
6) MNST- hit new high with buyable gap up- pocket pivot after earning,
Livermore century mark $100,too extended
7) VRSK -holding at 10-day line again
8) SLXP – holding 10-day line looking for support, look for volume to the
upside
9) CMG – keep surging higher with low volume, late stage base
10) URI – surge above 10-day line in heavy volume, pocket pivot
11) FFIV – broke out of cup with handle base buyable gap up and pocket
pivot, 10-day line is catching up
12) TSCO – broke out in monster with buyable gap-up, forming three week
tight
13) CF – 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
17) JAZZ – found support at 10 day line in good p/v action, pocket pivot
18) AAPL – surge new high in buyable gap-up with monster volume
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 – below 10-day line after breaking out | w***n
发帖数: 1519 | | r*******u
发帖数: 143 | 3 congrad longs for this week |
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