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us stock market, trading system
Begin part 2 of 3
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VIDEO MARKET SUMMARY
View the video market summary featuring Jon Johnson talking about the market, the economy, and what is next for investors at the following link:
http://investmenthouse1.com/ihmedia/marketsummary.wmv
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CONTINUING PLAY LIST
* * SPREADSHEET DOWNLOAD * * *
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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 07/08 Rolling 164.00 +2.63 138.55 149.91 2.1M 23M 160.65
Current. Gapped and then pushed further forward before closing very near the high. Still not out of the woods but headed in the right direction and holding where it needs to for now.
AAPL 04/15 Test 20 162.22 +2.63 119.69 132.77 2.1M 25M 160.65
Current.
AKS 07/23 Test 18 19.67 +0.29 19.65 23.55 542K 12M 19.21
Current. Rebounded nicely off the March/July trendline but not real power here. Going to keep watching, but it is holding key support so we are giving it more time.
AKS 07/13 Test 50 19.31 +0.29 17.24 20.58 542K 12M 19.21
Current.
AMG 08/12 Flag 63.13 +0.67 62.68 79.95 20K 1M 60.87
Buy Not Issued. Small step up to as the 50 day EMA (61.45) continued to hold as key support. Not read to pick this one up yet, but we are going to see if it can get back on track.
ANR 08/05 Pennant 34.79 -0.18 34.55 42.31 208K 6.2M 32.61
Small step higher after recovering nicely off the low. If it can continue higher Wednesday it is a buy.
BEN 06/25 Test 50 92.80 +2.06 71.80 79.95 106K 3.4M 90.42
Current. Nice rebound to recover all of the Monday losses. Held key support from the gap up to start August so it is ok to let it play for now.
BHP 08/10 Flag 61.83 +0.71 63.48 72.94 520K 7M 60.89
Current. Gapped higher but could not punch above the 18 day EMA (62.02) as volume faded back. If it cannot continue higher Wednesday it is a sell.
BIDU 07/29 Flag 327.40 +5.14 355.11 388.45 229K 2.5M 335.88
Current. Bounced a bit but we are inclined to let it run as it has the potential to fly. However, we do need to watch where it bounces to because there is a bit of an island reversal here after the late July gap, plateau, and then gap down. If it does not start to make headway it is a sell.
BIDU 07/08 Test 50 326.70 +5.14 281.68 307.85 229K 2.5M 346.88
Current.
BIG 08/03 Flag 23.15 +0.25 23.64 27.95 84K 3M 22.41
Current. Solid step higher to hold the 50 day EMA (22.67) as support. Holding where it needs to so we are letting it run for now.
BTU 07/23 Flag 34.39 +0.56 34.18 39.77 266K 8M 33.77
Current. Managed a bounce but found resistance at the 18 day EMA (34.49) so we are going to watch this one. If it cannot continue higher and stalls here it is a sell.
BUCY 08/04 DB hdl 31.37 +0.88 31.68 37.94 137K 3.4M 31.03
Current. Small bounce up to follow the Monday selling but found resistance at the 18 day EMA (31.19). If it stalls here it is a sell.
BWA 08/14 Rolling 30.13 +0.25 30.33 35.88 100K 2.5M 29.21
Buy Not Hit. Bounced on volume to get back to the June/July lows at the 30 dollar mark. This is the level it needs to hold for us to keep looking at a buy.
BWLD 07/16 Trnd Rv 37.64 +0.18 34.19 41.95 31K 925K 38.28
Current. Bounced off support at the 50 day EMA (36.59) to take a small step higher. Now the key is whether BWLD can continue or if it starts to fade. Going to watch for resistance at around 38 to come into play Wednesday and if it does we will sell.
CEDC 08/12 Flag 30.09 +0.68 32.15 39.55 51K 1.2M 29.78
Current. Small step up to a doji to hold the July peak and 18 day EMA (30.17) as support. Hold where it needed to but still a weak move to close well off the intraday high. Would like to see it get started higher Wednesday.
CME 07/28 Test TL 268.97 +0.98 269.77 299.74 48K 1.5M 269.91
Exited. Could not bounce up from the Monday selling so we closed it out.
CMG 06/23 Asc Tri 86.26 -1.06 80.67 90.95 30K 950K 92.64
Trailing Stop. Lateral step to a doji the hang right under the 50 day EMA (86.64). Did not recover support so we let it go.
CRZO 07/23 Test 50 20.12 +0.42 20.56 24.97 24K 1M 20.11
Current. Side stepped after coming off the high at resistance from the 18 day EMA (20.40). Needs to bounce here or we will unload it.
DLR 08/17 Flag 41.61 -0.09 42.92 49.88 52K 1.8M 41.69
Buy Not Hit. Slipped lower to give up the 18 day EMA (42.19) as support. Not the prettiest flag here and we are going to need to see signs of life to keep the buy an option.
DRIV 08/05 Rolling 33.81 -0.16 35.77 40.91 18K 640K 33.78
Current. Nice recovery off the intraday low to close for a lateral step. Trying hard to hang on here at the May and July lows at the 34 dollar mark so it can turn around. At the point where it needs to start back up from.
EQR 08/14 Flag 26.67 +0.14 26.92 34.87 203K 6.5M 25.64
Buy Not Hit. Nice bounce off of support at the 18 day EMA (25.91) but it was a bit of a breathless move as there was no volume to back it. Decent first step but now we see if it can add anything to this.
ESRX 08/06 Test 50 66.95 -0.59 67.39 74.95 255K 3.5M 65.77
Current. Recovered off the low to hold the 50 day EMA (66.47) as key support and continue working along the August consolidation. Not bad for now as it is ignoring the market so we are going to let it keep working.
FCS 07/06 Test 50 8.81 +0.10 7.38 9.91 39K 3.4M 8.68
Current. Nice bounce off of support from the June peak to get things moving in the right direction. Very low volume move however so we are going to watch it if it starts to struggle here.
FSLR 07/15 Test 20 133.12 +1.35 151.25 170.95 459K 4M 162.94
Current. Gapped higher but flipped back to close slightly negative. Really just in no man's land right now under the July and August consolidations at 140. Going to see if 130 holds now; it is a major support level.
GIS 08/10 Test BO 57.66 -0.17 58.44 67.42 99K 4M 56.48
Buy Not Issued. Nice lateral step after holding support from the 50 day EMA (57.16) solidly. Still no reason to jump in here, but if it can keep holding support we will be patient and wait for the buy.
GTLS 08/12 Cup hdl 20.26 +0.40 22.08 25.95 8.3K 450K 20.54
Current. Held the July and August trendline and the 50 day EMA (19.48) as support so we left it. It did give up a big chunk of the intraday move higher so still not all that strong. Needs to start back higher from here.
IBM 07/08 Rolling 117.63 +0.14 102.98 111.91 457K 10M 116.21
Current. Lower volume bounce up to the 10 day EMA (118.07). How it acts from here is key so we need to see if it starts to stall out at the moving average or if it can punch through.
IDXX 06/08 Test BO 49.93 -0.31 45.64 51.95 9.7K 700K 48.32
Current. Side step to a doji as the below average trade picked up just slightly. Holding the 18 day EMA (49.65) as support so we are leaving it but a bit of positive action would be much appreciated here.
IDXX 05/16 Test 20 49.93 -0.31 41.65 47.55 9.7K 700K 48.32
ILMN 08/06 Test 50 35.28 -0.02 36.56 42.95 44K 2.2M 34.57
Buy Not Issued. Stepped slightly lower as it did not take part of the low volume bounce in the market Tuesday. Going to drop the upside play and we may flip it to the downside if this action continues.
INT 07/24 DB hdl 43.73 +1.03 42.20 47.95 22K 700K 43.97
Current. Bounced at the early July peak and 50 day EMA (42.08) on low volume to hold where it needs to. Now we see what INT has left in the tank.
JOYG 07/28 ABCD Up 39.35 +1.00 38.11 45.95 213K 5M 39.97
Low volume bounce up after holding where it needed to. Time to exit if you have anything left on table and we are dropping the play.
KLIC 08/14 Pennant 5.20 +0.02 5.58 6.92 34K 1.2M 5.16
Buy Not Hit. Decent rebound to reverse the Monday selling and hold the late July gap up. Holding where it needs to but now we need to see more gains from here.
LPX 08/17 Flag 5.83 +0.14 5.80 7.88 46K 2.5M 5.15
Entered today. This alert went late as a power outage hit just as it was sent near the close. If it continues higher Wednesday morning it is a buy.
LTD 08/14 Flag 13.97 0.00 14.23 17.32 127K 5.8M 13.41
Buy Not Hit. Side step to a doji that held over the June peak as support, but is hitting a bit of resistance from the 10 day EMA (14.00). No worries yet as it is holding where it needs to at the bottom of the flag but this is where we want to start higher from.
MON 07/29 Flag 80.95 +0.19 84.52 93.65 253K 8M 81.32
Exited. Got a bit of a relief bounce so we got out of this one when it climbed over the 50 day EMA (81.12). Peeled back from there to close with the moving average at resistance so it is looking weak here.
MOS 07/22 Flag 52.68 +0.69 51.85 61.78 170K 10M 51.87
Current. Gapped and then pushed slightly higher to take a step in the right direction. Slight resistance at the 10 day EMA (52.83) and we would like to see more gains from here to keep things going in the right direction.
MR 07/01 Test BO 30.70 +0.38 27.62 33.88 125K 1.2M 30.22
Current. Gapped and pushed higher but rolled back from the intraday high to close for a lateral move. Still keeping at the July peak for support and it is ok to hold here but we do not want to see a move lower.
MR 06/17 Test BO 30.70 +0.38 26.53 31.45 125K 1.5M 31.58
Current.
MRVL 05/26 Asc Bse 13.68 +0.28 11.85 14.00 791K 17M 13.11
Current. Nice step higher as trade picks up to hold in the solid 5 week trading range between 13 and 14. Just needs to keep up the work.
NFLX 06/22 DB hdl 43.55 +0.07 41.38 49.95 83K 2.9M 43.91
Current. Small bump higher off the 50 day EMA (42.92) with lower volume. Going to see if we can get a bit more out of the bounce to get a better exit.
NKE 08/11 Cup hdl 55.61 +0.22 57.50 65.95 71K 4.5M 55.21
Current. Side step to a doji on average volume to hold April and May levels as support. We want to see it turn back up from here.
NKTR 08/01 Flag 6.97 +0.04 7.19 8.97 16K 1M 7.11
Current. Slid laterally to a doji that held the 50 day EMA (6.83) solidly as support. Not giving up anything else after the Monday selling so we are going to see if it can hold and get a bounce up from here.
NOV 08/05 Rev HS 36.62 +0.57 37.14 42.88 364K 9M 35.69
Current. Not a bad bounce at all off the Monday doji at the 50 day EMA (35.23). Need it to keep this up.
NTGR 07/28 Test BO 16.17 -0.02 17.05 19.95 17K 350K 16.07
Current. Nice bounce up with good volume off the Monday test to the 50 day EMA (15.65). Good first step and now it needs to keep it going.
PH 08/07 DB hdl 48.37 +0.22 48.82 58.77 101K 2.6M 46.98
Current. Not a bad move up to recover the July/August trendline as support as well as the May, June and July peaks. Needs to hold here Wednesday and then start back up.
PMTI 07/25 Test 50 14.27 -0.20 14.63 17.88 3.9K 400K 14.55
Current. Solid step up to power higher and retake the 50 day EMA (13.75) as support. It did undercut the moving average Monday, but we can see the buyers are still there as it reversed on volume. Good sign of strength.
PNC 08/13 BullRev 40.31 +0.81 42.76 51.95 241K 8M 39.77
Buy Not Hit. Side step to a doji at the 200 day SMA (40.10) to continue this nice test. In good shape if it holds here to start a move higher.
PNK 08/01 ABCD Up 10.12 +0.02 10.76 12.95 49K 1.1M 10.02
Exited. Exited this one as it sold below the 50 day EMA (10.17) and could not recover it into the close.
POT 08/06 Rev HS 93.72 +1.07 99.10 114.88 444K 10M 94.32
Current. Bounced up from the gap modestly. Key resistance at 95 and if it gets there and stalls it is time to let it go.
PRFT 07/27 Asc Tri 7.41 +0.03 7.24 8.94 1.1K 220K 6.73
Buy Not Issued. Slid laterally with a doji to hold the June and July peaks as support. Holding where it needs to and has done well considering the week's action thus far. Now it is time to get the ball rolling.
RL 08/17 Flag 66.78 +0.71 66.04 74.95 114K 2.4M 62.88
Entered today. Nice break higher from support at the August gap as support so we picked some up. Looks good from here.
RTI 07/30 Trnd Rv 16.55 +0.18 17.71 22.48 17K 800K 16.89
Current. Side step to a doji to hold key support from 15.75-16. Not impressive but doing its job thus far.
SBUX 06/23 Test 50 19.01 +0.12 14.82 17.95 687K 18M 18.08
Current. Calm bounce up from the Monday gap lower, but not the greatest move with volume a tad low. Not going to doubt SBUX though as it has been impressive thus far so we're going to give it a chance to press higher.
SMTC 08/11 Test 50 17.47 +0.21 17.68 20.95 20K 850K 16.52
Current. Nice bounce up off the Monday doji at the 50 day EMA (16.86). Pretty good action so we are going to let it try to continue higher on Wednesday.
SOHU 08/06 ABCD Up 61.30 +0.71 64.18 74.91 34K 1.3M 60.12
Exited. Weak little bounce up from the Monday gap so we exited as it came to resistance from the 50 day EMA (61.46).
SWHC 08/10 Cup hdl 5.69 +0.03 6.13 7.48 31K 2M 5.71
Buy Not Hit. Very small step up on light trade but came back from the intraday high at the 50 day SMA (5.76). Looking a bit weak and we need to see upside from here.
TEX 07/30 Trnd Rv 15.02 +0.36 15.17 18.48 113K 4.2M 15.14
Current. Moderate bounce up from the 50 day EMA (14.13) but stalling at 15, a key level for it. This is where it needs to show strength.
TKC 08/07 Test BO 16.06 +0.03 16.10 19.64 22K 1M 15.41
Current. Solid step higher though volume did edge back a bit. Working to retake 16 as support and pretty solid action.
TYC 07/10 Test 50 30.74 +0.41 26.75 31.95 120K 5.5M 29.92
Current. Decent bounce from a key level at 30. Good first step but needs to keep it going Wednesday.
UTHR 08/07 Flag 91.22 +0.18 92.38 103.94 22K 875K 88.82
Buy Not Issued. Nice lateral step to hold the August lateral consolidation out of the flag pattern. Staying where it needs to and gathering strength for a break higher.
WFT 08/13 Cup 19.32 +0.15 20.08 23.71 929K 15M 18.67
Buy Not Hit. Not bad work at all to reverse the Monday gap lower. Now it just needs to add to this Wednesday.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMMD 08/11 BearFla 14.44 -0.09 14.20 12.35 18K 1.2M 15.21
Current. Small bounce up but looking weak with no volume to speak of. We are looking for it to start to stall and roll over here.
AMSG 08/14 Dbl Top 19.79 -0.05 19.33 16.58 11K 245K 20.08
Buy Not Issued. Pressed higher to close at the 200 day SMA (19.76) for resistance. Moved the buy point up as we are looking for it to roll here.
AVAV 08/01 BearFla 28.07 -0.08 28.04 25.11 4.2K 250K 29.42
Current. Lateral step to a doji to hang in at the previous August low for support. This is where we are going to wait for the break lower from.
BDX 08/13 BearFla 65.65 +0.25 65.88 61.78 156K 2M 67.44
Buy Not Issued. Gap and then rolled back to close slightly negative. If it bounces a bit from here and then struggles then it would provide a nice entry if it rolls down.
BKE 08/10 Put 27.11 +0.51 26.88 24.08 88K 1.8M 27.89
Buy Not Issued. Nice test and bounce up to the 200 day SMA (27.50) as resistance that rolled back. Moved the buy point as we wait for the roll back from here.
BRCM 08/05 Dbl Top 26.83 +0.41 27.84 26.04 445K 12M 26.74
Current. Bounced up off support at the gap up point in July. We want to see it roll back from here.
DGX 08/11 BearFla 53.57 -0.51 53.13 50.05 52K 2.1M 54.28
Buy Not Issued. Reversed the Monday gains nicely. Good action and now we just need it to keep this up.
GENZ 08/17 BearFla 50.55 -0.06 50.11 46.65 179K 4.2M 51.31
Buy Not Issued. Side step to a doji under resistance at April, June and July lows. Great point for GENZ to fail so we are waiting for the break lower to move in.
HCBK 08/14 Dbl Top 13.35 0.00 13.44 11.42 166K 9M 14.03
Current. Small step back as volume fades to hold the gap lower from Monday. Holding the 200 day SMA (13.35) as support and this is where it needs to break below.
ICE 07/16 Put 89.12 +0.87 89.65 81.45 78K 2.8M 89.44
Current. Small step higher to hang just under the early August consolidation. Holding under resistance still and it would be nice to see it stall and roll back here.
IM 08/13 Put 16.47 +0.21 16.27 14.15 77K 2M 17.11
Buy Not Issued. Stepped higher on volume to close right in the midst of the August consolidation. Not great action for the downside so we do not want to see it add to the gains Wednesday.
LMT 08/05 Put 74.10 +0.25 74.54 70.04 126K 3.6M 75.66
Current. Lateral step to a doji to hang right at the July lows. Looking weak but this is where we would like to see it break lower from.
MHK 08/11 Dbl Top 46.08 +0.27 49.21 44.11 22K 1.4M 46.66
Small bounce to follow the Monday gap down. Low volume move and looking for it to stall and roll back here.
MS 08/17 Dbl Top 28.78 +0.20 29.55 25.35 1.3M 27M 30.64
Buy Not Hit. Not enough of a bounce yet so we did not move in. Waiting for the bounce up to around 30 and a roll over to get the buy.
PG 08/11 BearFla 52.45 -0.02 51.81 49.55 618K 12M 53.31
Buy Not Issued. Side step to a doji to remain in this mid July trading range. Came back from the intraday high at the 10 day EMA (52.71) to still looking nice and weak here. Waiting for the thump down before we move in.
RHB 08/12 BearFla 21.20 -0.22 21.51 17.86 3.4K 285K 22.32
Current. Nice step lower off of the Monday doji. Good first step lower and in good shape to continue.
SDS 06/20 Dbl Top 46.70 -0.22 57.88 61.35 3.8M 50M 59.11
Current. Short step back with the low volume bounce of the SP500. Still looking for the SP500 to roll back and that may give us a better exit here.
SMH 08/14 BearRev 24.32 +0.18 23.96 22.08 1.8M 15M 24.41
Current. Bounced up to the 18 day EMA (24.34) and stalled. Looking for a rollover here and that would be a very good entry.
SVNT 08/07 Put 12.72 -0.13 12.64 10.00 105K 5M 13.68
Buy Not Issued. Side step to a doji over the 50 day EMA (12.27) as volume edged lower. Waiting for the break below the moving average before jumping in.
VCLK 08/12 BearFla 10.38 +0.05 10.55 8.45 82K 1.4M 10.31
Current. Need to watch this as it bounced up on higher volume. We do not want it to close over the 10 day EMA (10.60) so we are being careful here.
End part 2 of 3
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us stock market
trading system
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