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us stock market, trading system
Begin part 2 of 3
NOTE: PART 2 PRECEDES PART 1 THIS EVENING. THE PART 1 VIDEO MARKET SUMMARY IS AVAILABLE AT THE FOLLOWING LINK. TONIGHT ONLY THE TECHNCIAL SUMMARY IS INCLUDED IN THE VIDEO. THE OTHER PARTS OF THE SUMMARY WILL BE SENT WITH PART 1.
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VIDEO MARKET SUMMARY
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Detailed chart-based analysis of the key index and leadership charts now included in the Market Summary Video.
TO VIEW THE VIDEO MARKET SUMMARY CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/marketsummary.wmv
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CONTINUING PLAYS TABLE
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http://investmenthouse.com/daily/table.php
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http://www.investmenthouse.com/rescue/rescue.php3
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 196.35 +3.95 138.55 149.91 20M 23M 196.88
Current. Testing a bit lower intraday to the key 190 mark but bouncing back up to finish positive. Not a huge move, but definitely bouncing where it needs to here. Will now see if this push higher continues from here to the 200 mark or if it takes things slow. Nothing set in stone here and will have to give it a few more days, looking solid though.
AAPL 04/15 Test 20 196.35 +3.95 119.69 132.77 20M 25M 196.88
Current.
ACF 10/28 Flag 18.13 +0.60 18.12 21.22 2M 2.2M 16.85
Entered today. Tested nicely lower to the 10 day EMA (17.63) and then a nice reach lower and bounce here to give us a great entry. Nice set up and now we see how it runs.
ANV 10/24 ABCD Up 9.93 +0.47 10.04 11.95 260K 550K 9.52
Buy Not Hit. Slipped beneath the 50 day EMA (9.61) Wednesday but a solid bounce over that here as gold surged. Still need to watch it a bit longer as it was on lighter trade and is now at some resistance at 10, but moving higher when it needed to. Now we see if it can press over this level Friday.
ANV 09/12 Flag 9.93 +0.47 9.45 11.61 260K 475K 10.11
Current.
APA 10/13 Test BO 97.09 +3.24 99.71 109.95 4.7M 4M 98.11
Current. Strong bounce off support at the 50 day EMA (93.66) with good volume backing the move. A move down to there on Wednesday and held as it needed to. Helped Thursday by the weaker dollar, but will now see if it can keep running from this move along the uptrend.
APA 09/29 Pennant 97.09 +3.24 92.37 105.95 4.7M 4M 98.11
Current.
ASIA 10/01 Asc Bse 23.29 +3.43 20.74 23.85 3.3M 900K 21.97
Current. Earnings release and ASIA thundered higher into the close. Very strong volume with the move and a great move up off the 20 mark from Wednesday. Might be a bit of backfilling after this move, but looking at the 22 level to hold as some support.
BGCP 10/28 Pennant 5.13 -0.11 5.37 6.45 312K 400K 5.08
Buy Not Issued. Slipping lower here to close under support from the 18 day EMA (5.23) so going to give it some more time before we move in. Not bad action over the week at all compared to others so now will see where it sticks. A hold in this range and a bounce and we can look to see if it will keep running to give us an entry.
BIDU 10/19 ABCD Up 393.40 -3.43 408.68 464.94 2.5M 2M 416.88
Current. Tiny move back with the doji, but still holding over support from the 50 day EMA (384.19) for now. Maybe stalling here after the rebound from the gap after earnings, and might let it ride. Better to close it out though and see where it sets up for another buy.
CAT 10/24 Test BO 57.25 +2.82 57.11 63.95 9.9M 12M 55.04
Buy Not Issued. Gap higher and then ran a bit further so not chasing it with the move out of this short pullback. Will see if it tests some Friday and holds support at the 10 day EMA (56.41) or anything above the 18 day EMA (55.48) and then we can look to move in if it holds.
CLF 09/28 ABCD Up 34.87 +1.70 31.12 39.95 5.4M 5.2M 35.87
Current. Bounced and closed higher, but did get knocked down from the 18 day EMA (35.88) with the intraday surge to there. Not a great day but will see if it can continue higher. If it stalls not great, but as long as it holds the 50 day EMA (33.04) for now that is okay.
CME 10/10 ABCD Up 313.77 +5.75 296.21 338.88 1.5M 1.2M 308.77
Big move down intraday but a strong reversal off the low to close higher. Nice shakeout and recovery after testing lower for two days and looks set now. Will see if it can take this and start bouncing higher again.
CME 09/26 Flag 313.77 +5.75 300.77 338.88 1.5M 1.2M 308.77
Current.
CVO 10/27 ABCD Up 7.39 +0.36 7.48 8.71 252K 650K 6.86
Buy Not Hit. Support at 7 coming into play here as CVO bounced higher from there. Not the strongest volume on the move but still moving nicely higher for now after moving lower three of the past four sessions. Will want to see if it can show a move to the 7.50ish mark with strength before we move in.
ELOS 10/22 Pennant 11.13 0.00 11.48 13.35 80K 385K 10.89
Buy Not Issued. Still working laterally here after a short bounce off the low at 11. Light volume move but setting up nicely here so will wait for the play to come to us as the trading tightens up. Will see when it can start the move up off this support at 11 to give us an entry.
EV 10/20 Asc Tri 29.48 +0.61 30.65 34.95 893K 1.2M 28.48
Buy Not Issued. A bounce off the 50 day EMA (28.85) Thursday after a hold there with the Wednesday move down. Bounced where it needed to and now we want to see if it can keep rebounding over the 30 mark. From there we will look to see if it presents us an entry.
FEIC 10/22 ABCD Up 24.28 +0.31 24.31 27.45 140K 250K 23.31
Buy Not Issued. Short gap higher with the doji at the 50 day EMA (24.30). Light volume and not able to move past it so holding off on the buy, but will give it some more time. Will see if it can bounce over the 50 day EMA Friday and then we will look for an entry, but heavier trade would greatly help its cause.
FFIV 09/30 FlyPlat 46.49 +1.15 40.51 44.95 1.4M 2M 45.48
Current. Three days of testing back and now a solid bounce at support from the 10 day EMA (45.26). Not selling as much as others and now bouncing at light support to show some strength. Letting it play some more.
FLOW 09/12 Flag 2.62 +0.05 2.60 3.65 200K 335K 2.65
Current. Just going with the flow with the bounce off the 50 day EMA (2.54) to close back over the 2.60 mark. Good level to hold here and rebounding a bit off support so letting it run a bit longer to see what it will do.
GD 09/17 Flag 63.65 -0.65 64.68 74.95 3.2M 2.8M 66.36
Not participating in the surge but did bounce a bit at support to close back over the 50 day EMA (63.40). Do like how it is holding here but want it to keep it up at this level. Ok shape for now, but want to see it begin to rebound from here to get back over the 65 mark.
GIS 08/07 Test BO 66.70 +1.81 58.59 67.42 2.8M 4M 64.44
Current. Stronger volume as GIS clicked higher off the 18 day EMA (65.04) after testing it for a few days. New closing high in October and did not back down at the close at all. Looking for it to reach a bit higher from here to hit our next target.
GLD 10/02 ABCD Up 102.68 +1.95 98.89 105.45 15M 14M 101.88
Current. Gold surged and thus gap and further run by GLD. Did hold over good support at the 100 mark with the pullback, and now that it is rebounding we will see if it continues back to the prior peaks (104.50, opening).
HCN 10/24 Pennant 45.46 +1.42 44.72 49.95 2.1M 2.8M 43.69
Buy Not Issued. Gapped, tested back, and then bounced some to finish decently higher. Pretty choppy here but if it continues we can add a half and then see how it tests a move out of this range.
HMSY 10/27 Cup hdl 40.99 +0.64 41.74 46.45 464K 445K 40.11
Buy Not Hit. Bounced at the 50 day EMA (39.40) and then carried higher to close over the 40 mark. Nice volume on the rebound and looking good here after some testing. Will see if it can keep moving from here to get us looking at an entry.
HWD 10/26 ABCD Up 9.00 +0.67 8.95 11.95 286K 450K 8.32
Entered today. Strong bounce off the 50 day EMA (8.33) and did not slow down so went ahead and moved in. Tested back from the 10 mark and held the support we wanted it to and like this bounce off of it.
ICE 10/27 Test BO 105.43 +4.82 105.46 119.95 1.9M 1.8M 100.22
Entered today. Intraday reach lower but bounced hard off the 50 day EMA (97.79) to give us an entry. Solid volume backing the move and following a controlled test lower the previous four sessions. Looks good to run now.
ICE 09/16 Flat 105.43 +4.82 97.35 114.94 1.9M 2.2M 102.91
Current.
INFY 10/24 Asc Tri 47.26 +0.87 49.26 54.91 1.6M 2.5M 46.77
Current. Light volume move but did bounce off the 50 day EMA (46.41) like we wanted. Will see if trade can pick up and carry INFY higher over the 47.50 mark to get the ball rolling again.
ITRI 10/26 ABCD Up 61.79 +4.18 58.11 67.65 2.2M 900K 56.77
Buy Not Issued. Let it psyche me out and did not move in early as it moved out of the ABCD pattern Thursday. Will see if it can backfill some here; a test to 60 that holds is a buy.
MPET 10/14 ABCD Up 1.43 -0.01 1.52 2.11 220K 387K 1.51
Current. Lateral move after testing up to the 18 day EMA (1.48) and bouncing back to flat. Holding good support over 1.40 but definitely not the strongest action here. Will see if it can get things moving Friday.
NVTL 10/07 Test 50 12.19 +0.22 12.30 14.98 2.4M 900K 11.44
Current. Big reach again Thursday to the 50 day EMA (11.34) and then a bounce to close a bit higher. Good level holding over the 12 dollar mark and going to give this one more time to move as it is holding up as it should after some slightly testing.
PNC 10/28 Flag 52.29 +2.69 48.87 57.95 5.5M 7.5M 47.32
Buy Not Issued. Regretting this. It didn't test further as we were waiting for but made the jump higher here after just a bit of pullback. May have missed this gift.
QTWW 10/21 ABCD Up 1.20 -0.03 1.19 1.60 2M 4M 1.16
Current. Gap lower, filled, and then rolled back for a doji at the 1.20 mark. Light trade, but will watching this one as we want it to hold up at this level with the B point of the pattern. Giving it a chance to bounce a bit here.
RDY 10/02 Flag 21.18 +0.76 19.36 22.95 473K 545K 19.93
Current. Gap up to a doji with above average volume Thursday. Not able to do anything after the gap, but still a move higher after three pretty decent days of testing to the 10 day EMA (20.54). Now we see if it can continue to the prior October peak (21.46).
RTI 10/21 ABCD Up 21.94 +1.31 22.32 29.95 539K 925K 21.78
Buy Not Issued. Nice bounce higher off that Wednesday doji but holding off as it closed right at the 50 day EMA (21.97). Still like the pattern and we can take some positions on this ABCD with a move through the 50 day EMA.
RTI 10/14 Pennant 21.94 +1.31 25.36 29.95 539K 875K 23.77
Current.
SLAB 10/10 ABCD Up 41.68 +0.63 46.88 52.95 1.2M 1M 44.28
Exited. A bit of a bounce here off the Wednesday doji, but not as much as others so we went ahead and moved out of this one.
SOHU 09/21 Test BO 57.44 +1.63 69.31 79.95 1.1M 1.1M 67.31
Current. A bit of a rebound here off the 200 day SMA (56.27) so leaving it for now. Will see if it can continue to bounce off this support to give us a better exit.
SRZ 10/28 ABCD Up 4.67 +0.11 4.66 5.65 1.7M 2.8M 4.42
Buy Not Issued. Nice hold at the 18 day EMA (4.54) and now a bit of a bounce there Thursday. Like the action here and if it continues higher it is good to go.
STE 08/29 Asc Tri 29.58 -0.52 28.67 33.91 723K 625K 31.88
Trailing Stop. Not taking part in gains Thursday but gave up the 50 day EMA (30.20) instead so it was time to close it out.
SVA 10/12 Test BO 7.56 -0.14 8.01 11.95 1.7M 5M 7.28
Current. Just slightly lower here but on light trade and holding up at the 50 day EMA (7.46) so we left it. Like the hold here so will give it more time to start bouncing from this level.
THS 10/14 Pennant 37.55 +0.85 35.73 41.45 259K 480K 35.66
Current. Solid move higher here after the lateral move Wednesday. Not backing down at all off the intraday high and now closing over the September peak (37.45). Some resistance at 38, but looks strong heading into Friday.
TYC 07/10 Test 50 33.96 +0.35 26.75 31.95 4.6M 5.5M 34.11
Current. Short bounce higher off the 50 day EMA (33.50) with above average trade. Definitely one of the gentler moves back over the past few days and now acting as it should at this support. Looks good to continue here.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AIPC 09/26 BearFla 27.85 +0.82 27.60 24.04 325K 500K 27.69
Current. A bounce here off the support at the 27 mark. Not liking this action after looking weak Wednesday. If it continues past 28.50 from here, close it.
AMSC 10/20 HdShldr 35.34 +6.50 31.33 28.06 4.1M 1M 30.88
Exited. Pulled the plug on this one as it gapped higher and then started to run further from there on stronger than expected earnings.
BHP 10/22 HdShldr 69.14 +2.45 73.82 70.84 6.7M 4.8M 67.44
Current. Gapped higher after hitting down to the 50 day EMA (67.01) Wednesday. Not that convincing though so we will let it continue and if it stalls out under 70 we will let it ride.
CAB 09/23 BearFla 13.51 +0.31 13.21 11.38 1.1M 1M 13.78
Current. A bit higher here, bouncing off the support at 13, but not the strongest move. Under good support at the 14 mark so will leave it some more and see if it can continue down from here.
DIOD 10/05 BearFla 17.00 +0.39 18.32 15.22 393K 400K 17.11
Closed out the rest of the 45% option gain as DIOD started to bounce here. Same level as the bounce earlier in the month and just better to take the gain at this point.
DIOD 09/18 Put 17.00 +0.39 19.56 17.02 393K 375K 17.11
Target Hit.
DST 10/10 BearFla 42.70 +0.40 43.88 40.38 571K 600K 42.87
Short bounce higher to a doji Thursday. Not a strong move higher by any means, but did bounce at the 42 mark where DST bounced earlier in the month. Still looking pretty weak so will give it some time and see if it starts lower again.
FUQI 10/26 Des Tri 22.16 +2.90 24.98 22.09 3M 2.3M 20.11
Target Hit. Short gap and started to rally so took our gain and walked. At some resistance so may set back up, but not worth staying in the play for.
GS 10/17 Put 178.58 +6.42 183.63 175.05 9.3M 15M 173.22
Current. Gapped and closed over the 50 day EMA (176.99), but lower trade. Looking for a stall at 180 or lower and if so we reload. May try an ABCD pattern but very ragged pattern so still looking for downside at this point.
IWM 09/30 Rollove 57.91 +1.08 61.48 57.55 74M 48M 57.54
Current. Gapped higher but this looks still very weak after six out of seven days heading lower. Will give it a bit more time, but want to see it fail between here and the 50 day EMA (59.11).
MCHP 10/06 HdShldr 24.87 +0.51 25.61 23.48 2.7M 3.5M 24.89
A bit of a bounce here with just under average trade. Still a pretty weak looking bounce and letting it run. Want to see it fail at 25 with the prior October low.
NTES 10/14 BearFla 38.49 +2.49 39.77 35.04 2.2M 3M 36.88
Trailing Stop. Turned up off the doji at support like we thought so went ahead and took the gain. Will have to give it a bit of time to see if it sets back up.
RIMM 10/27 Put 61.36 +0.58 63.47 55.45 15M 17M 66.52
Buy Not Issued. Short bounce higher, but not enough of one to give us an entry so we are dropping it.
ROST 10/20 Put 44.60 +0.81 45.58 41.75 1.2M 2M 44.65
Current. Popped up here after heading lower strongly for two days. Light trade on the move though so still like the downside. Will give it some time to see if it begins to stall out under the September (45.04, opening) and October (45.20) lows.
SHAW 10/24 BearFla 27.79 +1.30 28.40 26.08 1.6M 1.4M 27.08
Current. A decent bounce here, but will see how much is left of it Friday. Under lots of resistance with the early October low (28.20) and 200 day SMA (28.73) and will see if it falls there.
SMTC 10/21 BearFla 15.67 +0.33 16.54 15.18 1.1M 600K 15.66
Target Hit. Took the 38% gain as tapped the 200 day SMA and bounced.
End part 2 of 3
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us stock market
trading system
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