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Begin part 2 of 3
NOTE: PART 2 PRECEDES PART 1 THIS EVENING. THE PART 1 TECHNICAL SUMMARY VIDEO IS AVAILABLE AT THE FOLLOWING LINK.
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NEW FEATURE: HTML CONTINUING PLAY TABLE. Click the following link to view the Continuing Play Table in HTML format:
http://investmenthouse1.com/ihmedia/DailyTable.htm
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TECHNICAL SUMMARY. Tonight we include a video Technical Summary typically included in the Tuesday, Thursday and Weekend reports. Detailed chart-based analysis of the key index and leadership charts are covered.
TO VIEW THE TECHNICAL MARKET SUMMARY CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/11-04Technical.wmv
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CONTINUING PLAYS TABLE
* * SPREADSHEET DOWNLOAD * * *
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http://investmenthouse.com/daily/table.php
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
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 190.81 +2.06 138.55 149.91 17M 23M 196.88
Current. Gap higher and surged but couldn't make anything stick and closed back for a doji. Still a move in the right direction and just the typical move Wednesday. Over the 190 support so will leave it and see if AAPL can work some of this out at the end of the week.
AAPL 04/15 Test 20 190.81 +2.06 119.69 132.77 17M 25M 196.88
Current.
ACF 10/28 Flag 17.60 -0.45 18.12 21.22 1.6M 2.2M 16.85
Current. Gap but faded back so we could not move in, but did hold the support level over the 18 day EMA (17.45). Has bounced off this level nicely the past several sessions so will see if ACF can do the same Thursday to move back over the 18 dollar mark.
ADSK 10/29 Flag 25.43 +0.20 25.97 30.94 3.6M 5M 24.97
Buy Not Hit. Not able to make the intraday high stick, but still bouncing slightly up off the key 25 mark. Good action as ADSK bounces from 25, but want to see a move higher that can hold into the close before we buy.
AMT 11/03 ABCD Up 38.35 -0.07 38.59 43.89 3.5M 4.5M 36.21
Buy Not Issued. Another one of those that surged and faded back to close with a doji. A lateral step after a big bounce from the 50 day EMA (36.57) Wednesday so we will see if AMT can get started again from here. Nice level to enter so if AMT can hold a move up then we look at a buy.
APA 10/13 Test BO 98.10 +0.37 99.71 109.95 4.3M 4M 98.11
Current. Gap then faded back, but did bounce a bit at the 18 day EMA (97.57) to keep this one looking good. Strong jump up from the 50 day EMA (94.07) Tuesday and will let APA pause as it can start running off this support.
APA 09/29 Pennant 98.10 +0.37 92.37 105.95 4.3M 4M 98.11
Current.
APAC 10/30 Pennant 6.48 -0.18 6.62 7.95 382K 645K 6.22
Buy Not Issued. Opened higher but not able to buy as it quickly reversed to close down at the 18 day EMA (6.48). The 6.50ish level held as support for the second half of October and we will look for it to do the same here to keep this pattern in shape. Good level to buy but want to see APAC bounce and be able to hold the move before we buy.
ASIA 10/01 Asc Bse 22.76 +0.63 20.74 23.85 1.1M 900K 21.97
Current. Tested a bit lower and bounced up off the solid 22 to close positive. ASIA did finish off its high, but a good jump up here and we will see if it continues Wednesday to get back over the 23 mark.
BKE 11/03 ABCD Up 31.69 +0.64 31.64 36.95 852K 1.3M 29.77
Entered today. Opened at the 50 day EMA (31.25) and after a quick test lower BKE bounced to give us the entry. Continuing the move up off the 200 day SMA down at 30 and looks solid despite finishing off its high at 32. The July highs are at that level but BKE held up better than many others here so we like the action.
BRCD 10/31 Test 50 8.94 +0.01 8.92 10.45 11M 25M 8.31
Current. Not able to make any headway but did tap the 18 day EMA (8.84) with the low and bounced. Has made the test of the 50 day EMA and now has bounced, so we will let BRCD run Thursday to move up again from this continuation doji.
CAT 10/24 Test BO 56.22 -0.24 56.67 63.95 8.6M 12M 53.98
Buy Not Issued. Same action everywhere with the gap, surged, and then fade back to close slightly lower. Did hold up at the 10 day EMA (56.14) though so we will see if CAT can bounce here to give us an entry with gains that can hold.
CLF 09/28 ABCD Up 36.07 +0.01 31.12 39.95 5.4M 5.2M 35.87
Current. Gap higher but slid back to close laterally at the 10 day EMA (35.99) and the 36 support. Not able to continue the Tuesday jump, but holding a bit of support here and is positioned to bounce Thursday so we are leaving it.
CME 10/10 ABCD Up 296.68 -4.88 296.21 338.88 755K 1.2M 308.77
Wiped a bit lower here to close at the 50 day SMA (296.81) for support. Still in the uptrend so we are leaving it, but had wanted CME to hold around 300ish. Light trade on the move so will see if CME can take a bounce here Thursday.
CME 09/26 Flag 296.68 -4.88 300.77 338.88 755K 1.2M 308.77
Current.
CREE 11/02 Flag 42.78 +0.52 42.69 49.55 1.4M 2.8M 41.18
Buy Not Issued. Gapped and rallied, but gave up a large chunk of it at the close so we were not buying. Going to see how this resolves. A test lower to 42ish that bounces would not be a bad place for CREE to reload and start again.
CVO 10/27 ABCD Up 6.90 -0.10 7.48 8.71 326K 650K 6.86
Buy Not Hit. Higher intraday, but gave it up to close slightly down at the 50 day EMA (6.86). Still in that range around 7 that we want to hold as support so will give it more time, but would really like to see a bit of a bounce from here. Going to see how this one plays out.
ELOS 10/22 Pennant 11.95 +0.47 11.48 13.35 968K 385K 11.02
Higher volume as ELOS surged again and never turned back. Very strong considering what we saw elsewhere but at the October high (12.04, intraday) now. Will see if ELOS tests back so we can add some positions, or if it continues to run higher from here as the high volume gains suggest.
FEIC 10/22 ABCD Up 24.84 +1.49 24.31 27.45 378K 250K 23.31
Buy Not Issued. Thundered higher on volume and not at a level to buy so we are dropping it.
FFIV 10/29 Flag 45.34 -0.42 45.88 52.45 1.5M 2M 43.38
Buy Not Issued. Just easing lower here but closed nicely at the 10 day EMA (45.25) for some support. Two days decently higher so will let FFIV pause here and see if it can bounce a bit from this support on Thursday.
FFIV 09/30 FlyPlat 45.34 -0.42 40.51 44.95 1.5M 2M 45.48
Current.
GIS 08/07 Test BO 64.92 -0.11 58.59 67.42 3M 4M 64.44
Current. Lateral move with the doji and still bouncing off the intraday low nicely. Fourth day of testing but holding over the late October lows (64.89) so we will leave it. There is support at 64 as well, but would prefer to see GIS bounce from here.
GLD 10/02 ABCD Up 107.10 +0.64 98.89 105.45 27M 14M 103.34
Current. Shorts covering ahead of FOMC as well as a huge buy by the Indian government shot it higher Tuesday and it gapped again Wednesday. Could not force anything higher Wednesday after the gap, but still moving strongly so we are letting it run Thursday.
GNTX 11/02 Flag 16.39 +0.16 16.38 18.85 1.5M 1.8M 15.68
Buy Not Issued. Another one of those gaps and fades so we could not move in. Will give it a chance to test back some to around the 10 day EMA (16.15) and bounce to give us a better entry into this play.
HAL 10/29 ABCD Up 30.23 -0.08 30.30 34.95 19M 23M 28.43
Current. Up early but faded back to close flat with just over average trade. Strong bounce Tuesday so will give it this day off as HAL is set up to run higher again Thursday. Will see what it can do from here.
HCN 10/24 Pennant 43.73 -1.23 44.72 49.95 2.5M 2.8M 43.69
Buy Not Issued. Dropping this one as it slammed lower below key 44 support.
HWD 10/26 ABCD Up 8.96 -0.18 8.95 11.95 242K 450K 8.32
Current. Gap up, faded back, and then just a modest bounce off the low to finish with a loss. Holding up at a reasonable level and a light volume move so not too worked up here, but want to see something better Thursday.
ICE 10/27 Test BO 99.88 -1.43 105.46 119.95 716K 1.8M 100.22
Current. Hmm. Had wanted to see more after the big Tuesday reach lower and bounce, but ICE melted lower here with light trade. Holding up at 100 as support from the September high and late October lows so we will give ICE more time, but would like a bit of a bounce here Thursday to start ICE back up.
ICE 09/16 Flat 99.88 -1.43 97.35 114.94 716K 2.2M 102.91
Current.
INFY 10/24 Asc Tri 47.79 +1.10 49.26 54.91 2M 2.5M 46.77
Current. Solid gap over the 18 day EMA (47.41) and held there at the close with a doji. Nice jump up and want to see INFY bounce a bit off the 18 day EMA Thursday as it did here. Looks good if it can make this stick.
ITRI 10/26 ABCD Up 61.32 +0.08 58.11 67.65 928K 900K 56.77
Buy Not Issued. Moving laterally and not ready to move in as ITRI moved higher but faded at the close. Seeing some resistance at 62.50 come into play with the early October highs, but just typical action for this Wednesday so will not worry about it. Will look to see if ITRI can test back some off this move and bounce to give us a better entry.
ITW 10/29 Flag 46.50 -0.51 47.12 52.25 3.9M 4.8M 45.77
Buy Not Issued. Moved a bit lower here on average trade but still finished over support from the 18 day EMA (46.24). Not a game changer by any means so we will see if ITW can bounce again Thursday to give us a buy with the move out of the flag pattern.
MPET 10/14 ABCD Up 1.44 -0.05 1.52 2.11 239K 387K 1.51
Current. A bit lower here after closing off the high, but did bounce nicely off the 1.40 support. Holding up where we want it to so we are leaving it for now and will see if it can run from here.
NFLX 11/03 Flag 54.16 +0.41 54.38 62.55 1.1M 1.8M 51.22
Buy Not Issued. Was watching this one closely but it did the old fade to the close so decided to wait and see what happens after this move. Still a great level to move in from.
PNC 11/02 Flag 50.77 -1.20 51.77 58.95 5.1M 7.5M 48.15
Current. Gap and fade back to close for a bit of a loss, but all on light trade. In no danger at this level so will see if PNC can take a bit of a bounce off the 10 day EMA (50.12) Thursday.
QTWW 10/21 ABCD Up 1.15 +0.02 1.19 1.60 1.5M 4M 1.16
Current. Finished well off the high after hitting the 1.20 resistance, but did manage to hang onto some gain. This on the heels of a solid reach lower and recovery Tuesday, so will leave QTWW as it tries to bounce up from the 50 day EMA (1.12).
RDY 10/02 Flag 22.69 +0.20 19.36 22.95 434K 545K 20.87
Current. Gapped, surged, and then faded back to close just slightly higher with the doji. Not the strongest action and some testing here would be normal. If that is the case we will look for RDY to hold up at the rising 10 day EMA (21.63).
SVA 10/12 Test BO 7.90 -0.01 8.01 11.95 1.9M 5M 7.28
Current. Looked good mid day, but another one that faded into the close. Over the key 50 day EMA (7.50) though so will see if SVA can get things going from here Thursday.
THS 10/14 Pennant 36.34 -1.46 35.73 41.45 1M 480K 36.11
Trailing Stop. Opened a bit higher at the 38 resistance and then started selling to hit our trailing stop. Fell out of the tree with this move.
TWP 11/02 ABCD Up 16.78 +0.53 16.73 20.98 197K 217K 15.56
Entered today. Ran higher on volume to give us the buy. A bigger ABCD pattern here and nicely positioned to make a break higher.
TYC 07/10 Test 50 33.78 +0.14 26.75 31.95 2.7M 5.5M 34.11
Current. Finished off the high, but holding up over the 50 day EMA (33.52) and that is all we can ask for. Going to let TYC play out some at this level with support holding to see if it can get a bounce from here soon.
USO 10/31 Test BO 40.99 +0.37 40.57 48.65 15M 15M 38.92
Current. Short gap higher with average volume and not able to budge from there. A move in the right direction with the doji so will see if USO can continue, but it might test some here. If it does test, 40 is good support.
VNO 10/31 ABCD Up 60.29 -1.47 61.74 69.98 3.1M 4M 57.54
Current. Surged a bit but slipped back lower to close at the 50 day EMA (60.19). Nice level here at the 60 mark as well so we will let VNO play a bit more and will see if it can bounce off this level.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AIPC 09/26 BearFla 26.00 -0.60 27.60 24.04 296K 500K 26.88
Current. Tested some to 27 but then got kicked lower to close at support from the 26 mark. This is a bit of support but as AIPC still has room to sell and did not bounce a bit off the low, we will let it continue Thursday.
CAB 09/23 BearFla 12.31 -0.49 13.21 11.38 847K 1M 13.16
Current. Low volume bounce Tuesday and quickly reversed lower from the 13 resistance here. Some support at the 12 mark, but heading lower here so will see if it can keep this up on Thursday.
DST 10/10 BearFla 42.23 -0.08 43.88 40.38 348K 600K 42.54
Weak action with the surge and fade back to close flat, but that does not mean much on a day like this. Just a typical move for this Wednesday so we want to see a bit of continued weakness Thursday to get back to the support at the October low (41.83). That will be a key level to work below.
IWM 09/30 Rollove 56.25 -0.82 61.48 57.55 89M 48M 57.54
Current. Gap but thumped lower on volume from there. As some support here, but ripe for more selling as the small caps lagged all day as they have been lagging the past few weeks as well.
MBT 11/03 ABCD Dw 49.14 +1.18 47.59 43.04 1.3M 1.8M 50.11
Buy Not Hit. Gapped, surged, and then faded back some from the resistance at 50. Still some gain at the finish but on low volume so we will see if this move can set MBT up to break lower. Nice entry level if we see MBT start strongly down.
PVH 10/31 BearFla 40.34 -1.28 40.22 36.11 945K 1M 42.18
Buy Not Issued. Gap and then faded lower to close beneath the 50 day EMA (40.64). Looks ready after this move and moved the buy point accordingly. Now we let the play come to us.
ROST 10/20 Put 44.88 -0.37 45.58 41.75 1.6M 2M 44.65
Current. Gap to the 50 day EMA (45.62) and hit a wall there. Could this be the turn? Looks like it, but it looked as if it was dead in late October as well. It stalled where it should have and it turned over hard. That is all you can ask for right now.
SBUX 10/31 BearFla 19.21 -0.21 19.26 17.08 12M 14M 19.81
Buy Not Issued. A short gap to the 50 day EMA (19.50) and then slipped back from there. Not bouncing any off the low and looks ready for the downside play if it continues lower.
SHAW 10/24 BearFla 26.04 +0.62 28.40 26.08 1.7M 1.4M 26.42
Current. Big surge up to the 10 day EMA (26.94) and then bounced sharply lower to close with a doji. Still bouncing some like we had thought, but also stalling at the 26 mark like it needs to. Will see if SHAW can slip back down from here.
SLAB 11/02 BearFla 41.42 -0.17 41.66 38.22 1.5M 1.2M 43.21
Buy Not Issued. Higher intraday to the 18 day EMA (42.90) but popped lower to finish. Could be a reversal rollover with that long shadow/wick on the candlestick chart. Will see if SLAB can keep bouncing lower Thursday.
End part 2 of 3
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