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us stock market, trading system
Begin part 2 of 3
NOTE: PART 2 PRECEDES THE PART 1 TRANSCRIPT THIS EVENING. THE PART 1 VIDEO MARKET SUMMARY IS AVAILABLE AT THE FOLLOWING LINK.
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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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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 188.75 -0.56 138.55 149.91 19M 23M 196.88
Current. Lateral move with the doji over support from the 50 day EMA (184.16) and the late September trading range. Trying to make the turn here and as it is shaping up nicely we will give it more time.
AAPL 04/15 Test 20 188.75 -0.56 119.69 132.77 19M 25M 196.88
Current.
ACF 10/28 Flag 18.05 +0.22 18.12 21.22 1.5M 2.2M 16.85
Current. Slightly higher here as it bounced up off the 18 day EMA (17.44) again. Just cracking through that 18 dollar mark and we will see if it can continue from here to get us looking at an entry.
ADSK 10/29 Flag 25.23 0.00 25.97 30.94 2.1M 5M 24.97
Buy Not Hit. Not ready to move in here but giving it more time with this lateral doji over the 25 mark. Holding a nice level here with the low volume action, and will see if ADSK can get a boost in trade to kick start it higher to give us a buy.
APA 10/13 Test BO 97.73 +2.25 99.71 109.95 4.1M 4M 98.11
Current. Has held the 50 day EMA (93.91) for several sessions and now a strong bounce from there Tuesday. Nice volume backing this move helped as the dollar finished off its high. Now we see if it can continue to move after slipping above the l8 day EMA (97.50) at the close.
APA 09/29 Pennant 97.73 +2.25 92.37 105.95 4.1M 4M 98.11
Current.
APAC 10/30 Pennant 6.66 +0.15 6.62 7.95 330K 645K 6.22
Buy Not Issued. Nice bounce here off the 6.50 support but low trade so we held off the buy. Still nicely in the pennant pattern and we see if it can get a bump in volume to get us looking for a move in here.
ASIA 10/01 Asc Bse 22.13 -0.36 20.74 23.85 745K 900K 21.97
Current. Swung higher and lower intraday before finishing with a doji slightly lower at the 22 support. Letting it backfill some after the big jump last Thursday, but now we want to see a bounce from this level of support.
BRCD 10/31 Test 50 8.93 +0.23 8.92 10.45 9.6M 25M 8.31
Entered today. Not a huge volume move, but went ahead and moved in as it bounced off the 50 day EMA (8.51). Held that support for several sessions before this and now looks ready to start back up.
CAT 10/24 Test BO 56.46 +0.97 56.67 63.95 7.7M 12M 53.98
Buy Not Issued. Starting higher off the 55 support here and looks good as it starts the move up. Moved buy point to account for this move and if it can continue from here it is a buy.
CLF 09/28 ABCD Up 36.06 +0.60 31.12 39.95 4.1M 5.2M 35.87
Current. Gap down to the 34 support but bounced to post some gain at the finish. Good action to hang on at this level so giving it more time to begin running. The bounce here could be just the thing.
CME 10/10 ABCD Up 301.56 -4.04 296.21 338.88 631K 1.2M 308.77
Slightly lower here but holding the 50 day EMA (299.55) with this doji. Looking good at this level with the light trade as it tests and looks to be positioning for a bounce so we will give it a chance to do so Wednesday.
CME 09/26 Flag 301.56 -4.04 300.77 338.88 631K 1.2M 308.77
Current.
CREE 11/02 Flag 42.26 +0.40 42.69 49.55 1.4M 2.8M 41.18
Buy Not Hit. Looking ready after the reach lower and recovery to finish a bit higher. Will see if it can start up from here out of the bottom of the flag to give us an entry.
CVO 10/27 ABCD Up 7.00 +0.05 7.48 8.71 352K 650K 6.86
Buy Not Hit. Reach lower and bounced to finish back over the 50 day EMA (6.86) with just a bit of gain. Looks ready to move here off this bounce and we will be ready to buy if CVO can start up strongly.
ELOS 10/22 Pennant 11.48 +0.44 11.48 13.35 208K 385K 10.89
Buy Not Issued. Maybe should have moved in on this one as it up off the support at 11. Will see what it does Wednesday. A test lower and bounce at the 18 day EMA (11.22) and we can look at entering.
FEIC 10/22 ABCD Up 23.35 -0.36 24.31 27.45 470K 250K 23.31
Buy Not Issued. Opened lower, filled, and then slipped back to close slightly lower. Not the best action here as FEIC slips beneath the prior lows (23.62) so we will watch it. Would like to see a bit of strength with a move up off this doji Wednesday.
FFIV 10/29 Flag 45.76 +0.97 45.88 52.45 1.4M 2M 43.38
Buy Not Issued. Opened a bit lower but bounced again at the 18 day EMA (44.29). Looks good here as it moves out of the flag and moved the buy point to account for this. If it can continue from here we will look at a buy.
FFIV 09/30 FlyPlat 45.76 +0.97 40.51 44.95 1.4M 2M 45.48
Current. Opened lower but bounced to close moderately higher. Just under average trade on the move but heading in the right direction out of this flag pattern so we will leave it as it looks set to continue
GIS 08/07 Test BO 65.03 -0.72 58.59 67.42 2.5M 4M 64.44
Current. Third step lower here with average trade, but a bit of a bounce off the low at the close. Holding over those late October lows around 65ish nicely so will see what it can do here Wednesday. A bounce after three days of testing would be very nice.
GLD 10/02 ABCD Up 106.46 +2.51 98.89 105.45 34M 14M 103.34
Current. Gold surged, hitting a new high, and GLD followed suit. Huge volume with the move as it hammered through the prior highs at 104ish and now we see what it can manage Wednesday. A bit of backfilling would be ok, but continued upside is very possible. We will see.
GNTX 11/02 Flag 16.23 +0.23 16.38 18.85 1.1M 1.8M 15.68
Buy Not Hit. Reach lower and a bounce to post just a bit of gain here. Nice action at the bottom of the flag pattern and ready to bounce after this low volume test. Now we see if it can click higher from here to hit our buy.
HAL 10/29 ABCD Up 30.31 +1.05 30.30 34.95 18M 23M 28.43
Entered today. Opened lower but bounced with solid trade so we moved in. Great risk/reward position and looks set to start running so we will see what HAL can manage Wednesday.
HCN 10/24 Pennant 44.96 -0.07 44.72 49.95 2.3M 2.8M 43.69
Buy Not Issued. Lateral move Tuesday but a nice bounce off the low to hold over the 10 day EMA (44.73). Going to let HCN keep working horizontally and will see if it can start to bounce strongly up from the 44 mark to give us an entry.
HWD 10/26 ABCD Up 9.14 +0.55 8.95 11.95 219K 450K 8.32
Current. Has been toying around the 50 day EMA (8.37) for four previous sessions, but a nice bounce from that level here. Not the strongest volume backing the move, but still looks pretty solid. Will see if HWD can hold at 9 and keep bouncing higher.
ICE 10/27 Test BO 101.31 -1.52 105.46 119.95 2.1M 1.8M 100.22
Current. Very big reach lower to the 50 day SMA (96.29) but trampolined back up with volume to close at the 18 day EMA (101.38). Nice bounce here but now want to see ICE do something with this move on Wednesday to get back to the 105 mark.
ICE 09/16 Flat 101.31 -1.52 97.35 114.94 2.1M 2.2M 102.91
Current.
INFY 10/24 Asc Tri 46.69 +0.31 49.26 54.91 2.2M 2.5M 46.77
Current. Opened a bit lower and started back up to close over the 50 day EMA (46.40). Nice level of support is intact here but would like to see a bit of strength with continued upside Wednesday.
ITRI 10/26 ABCD Up 61.24 +0.98 58.11 67.65 1M 900K 56.77
Buy Not Issued. Decent bounce up off the 18 day EMA (59.69) with just over average trade. Not really looking for a buy at this level so will see if ITRI can fade back a bit from here and hold around the 50 day EMA (59.30) before starting higher.
ITW 10/29 Flag 47.01 +0.69 47.12 52.25 2.5M 4.8M 45.77
Buy Not Issued. Solid jump higher out of the bottom of the flag but held off the buy with the low volume. Still a good level to move in so if ITW continues higher on better trade we will look for a buy.
MPET 10/14 ABCD Up 1.49 +0.06 1.52 2.11 179K 387K 1.51
Current. Nice test lower to 1.40 and a bounce to post decent gain at the close, but will watch this lighter volume move as it finished under the 1.50 mark. Going to see if MPET can keep this move going Wednesday but would like to see a bit of a boost in trade.
PNC 11/02 Flag 51.97 +1.06 51.77 58.95 6.5M 7.5M 48.15
Entered today. Opened a bit lower and bounced solidly to give us an entry. Strong action out of the flat pattern and now looks set to start running.
QTWW 10/21 ABCD Up 1.13 -0.04 1.19 1.60 2.5M 4M 1.16
Current. A bit lower here, but did bounce off the intraday low to hold the 50 day EMA (1.12) and mid October low (1.12) as support. Holding the line and looks like it can bounce off this doji so will leave it until Wednesday, but it does have a job to do.
RDY 10/02 Flag 22.49 -0.44 19.36 22.95 506K 545K 20.87
Current. A bit lower here but not bad at all as it opened down at 22 and bounced. A bit of settling after the big Monday jump is nothing to get worked up over and we will see if it can stick here to get another bump higher from the rising 10 day EMA (21.40).
SVA 10/12 Test BO 7.91 +0.27 8.01 11.95 1.5M 5M 7.28
Current. Bounce off the 50 day EMA (7.48) and then closed for moderate gain. Just what we wanted to see after the testing back of last week but would have preferred more volume backing the move higher. Still, bouncing where we want it to so will see how far it can carry Wednesday.
THS 10/14 Pennant 37.80 +0.29 35.73 41.45 398K 480K 36.11
Current. Finished a bit higher Tuesday but still bouncing down from the intraday high at the 38 mark. Pretty good climb so far, but got to this level in August and then backed off. Will see if THS can start moving from here or if it will test back a bit to the 10 day EMA (36.84) to get a bounce.
TWP 11/02 ABCD Up 16.25 +0.12 16.42 20.88 162K 217K 15.27
Buy Not Issued. Started a bit higher Tuesday after finding the bottom Friday and just holding there Monday. Not as big a jump as we would like to see before we move in so we give it some more time to see if it continues. Letting the play come to us.
TYC 07/10 Test 50 33.64 +0.11 26.75 31.95 2.5M 5.5M 34.11
Current. Opened lower but we left it as it recovered to close back over the 50 day EMA (33.51). Holding the key levels with the moving average and the early October low (33.32) but would like to see some life out of it soon. Will give it some more time to do something.
USO 10/31 Test BO 40.62 +0.65 40.57 48.65 13M 15M 38.68
Entered today. Opened a bit lower but started back up with volume to give us the buy. Looked strong moving through the 40 mark and now looks set to keep running.
VNO 10/31 ABCD Up 61.76 +1.52 61.74 69.98 3M 4M 57.54
Entered today. Short gap lower but bounced solidly over the 50 day EMA (60.19) to give us an entry. Held onto everything at the close and looks ready to keep going from here.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AIPC 09/26 BearFla 26.60 -0.56 27.60 24.04 265K 500K 27.31
Current. Bounced off the intraday low at 26, but did take the first step below the key 27 sticking point. Could keep bouncing some Wednesday, but if it does we want to see it stall out at 27 and fall back down. Overall, AIPC is nicely positioned to fall so we will see what it can do Wednesday.
CAB 09/23 BearFla 12.80 +0.34 13.21 11.38 1.1M 1M 13.78
Current. Gap lower and then reversed to finish higher. Maybe should have taken some gain here, but a lower volume move and very serious resistance at 13. Will see if it can peel back from here.
DST 10/10 BearFla 42.31 +0.51 43.88 40.38 289K 600K 42.54
Bounced a bit higher off the Monday doji at the early October low (41.83). Not able to give up that support level Tuesday, but a low volume bounce so we will see if DST can show weakness Wednesday and then go from there.
IWM 09/30 Rollove 57.07 +0.85 61.48 57.55 82M 48M 57.54
Current. Bounced off some support with the September low (55.64); will see how Wednesday and the FOMC decision treats it. Willing to let some of the position run higher here but 57.50ish is a key level to hold under.
MCHP 10/06 HdShldr 24.15 +0.06 25.61 23.48 4.5M 3.5M 24.89
Has made the test back to the support at 24 from the May peak and now bounced. Nice run down but we have ridden it as far as we could and time to move out. Going to give it some time and see if it sets back up.
PVH 10/31 BearFla 41.62 +0.82 39.88 36.11 1.1M 1M 41.08
Buy Not Issued. Not ready to move in here with the run up from the 50 day EMA (40.66) on volume. Not the best action to see for the downside play and really want to see PVH show a bit of weakness Wednesday.
ROST 10/20 Put 45.25 +0.46 45.58 41.75 1.6M 2M 44.65
Current. Bounced off support at 44 and then carried up to the 18 day EMA (45.48). Low volume move and under the mid October lows (45.20) so we left it, but want to see ROST stall out here. If it can bounce down 44 will be the key level to break below.
SBUX 10/31 BearFla 19.42 +0.04 19.26 17.08 9.1M 14M 19.81
Buy Not Issued. Still bouncing a bit off the 19 support, but unable to move past the 50 day EMA (19.52). Going to wait this one out as it is primed to break lower, and ready to move in with a solid bounce down from this resistance.
SHAW 10/24 BearFla 25.42 +0.08 28.40 26.08 1.7M 1.4M 26.42
Current. A test lower once again and a recovery for a lateral move. Big selloff and a little bounce is okay, but want to see it stall at 26 and then head lower once again.
SLAB 11/02 BearFla 41.59 -0.33 41.66 38.22 1.3M 1.2M 43.21
Buy Not Issued. Side stepped Tuesday with a bounce off the low to finish flat. Looks like it could jump up a bit off these October lows (41.05), but that is okay if it can test up to the 10 day EMA (42.29) and fail as we would have a better entry.
End part 2 of 3
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us stock market
trading system
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