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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.
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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/AlertsTable.htm
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VIDEO MARKET SUMMARY. 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 PLAY LIST
* * SPREADSHEET DOWNLOAD * * *
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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 201.99 -1.26 138.55 149.91 13M 23M 196.88
Current. Higher intraday but faded back to close just a bit negative with lighter trade. Looks ready to continue fading back from here but not a definitive move lower yet. Will see how AAPL reacts at the 10 day EMA (198.33) Friday.
AAPL 04/15 Test 20 201.99 -1.26 119.69 132.77 13M 25M 196.88
Current.
ACF 10/29 Flag 18.92 -0.43 18.20 21.88 1.1M 2.2M 17.97
Current. Lower again Thursday after the Wednesday gap and reversal but with lighter below average trade. At support with the October peak (18.82) and 10 day EMA (18.65) still so we are letting ACF run a bit from here. Will see if we get a bit of a bounce with a short reach lower or if ACF will continue the move lower to the next support at 18.
APA 10/13 Test BO 97.95 -2.68 99.71 109.95 2.4M 4M 98.11
Current. Eased lower with below average trade to hold some light support around 98ish. Not a surprise move lower, but now we see if it can hold here or if it will continue down to just over 95ish with the September/October/November trendline. Not set in stone and we will have to decide if it starts down to that level if we wait for the bounce or if we unload it.
APA 09/29 Pennant 97.95 -2.68 92.37 105.95 2.4M 4M 98.11
Current.
ASIA 10/01 Asc Bse 24.11 -1.50 20.74 23.85 1.3M 900K 23.84
Current. Bigger move down off the Thursday doji to get back quickly to that 24 support with the October highs. This is the test we were waiting for and it got it done in one day. Now we want ASIA to stick here and start back up.
AUXL 10/30 ABCD Up 34.04 -0.23 33.21 37.22 444K 865K 32.88
Current. Doji just over the 34 mark while volume picked up to average. Not a strong move but holding up at a decent level so we are leaving it. Also watching for a possible move lower Friday, but have support at 33ish with the 10 and 18 day EMA to hold so we will see what we get.
BRCD 10/31 Test 50 8.08 -1.17 8.92 10.45 94M 25M 8.47
Exited. Gapped lower on the HPQ/3COM deal as BRCD is not now considered a takeover candidate so we cut it free.
BWLD 11/05 Asc Tri 41.61 -0.92 42.57 48.95 164K 635K 39.77
Current. Higher intraday but cooled off and settled down back at the 50 day SMA (41.48). Not a pretty move with this close off the high, but there is support at the 50 day EMA (41.05) and also at the 40 mark so we will see if BWLD can bounce there Friday.
CERN 10/29 Test 50 79.28 -1.14 79.62 94.94 776K 1.2M 77.28
Current. Stepped lower with just under average trade to hold over the 18 day EMA (78.76). Has been up and down modestly all week and is holding this support so we will look for a small bounce higher Friday.
CLF 09/28 ABCD Up 38.95 -0.01 31.12 39.95 4.3M 5.2M 36.22
Current. Lateral move with another doji that close a good chunk off its high. Watch out with this action at the October peaks at 40; CLF held up with this move, but looks like it could pop lower from this level. If that happens we look for 38ish as support with the 10 day EMA (37.44) just under that as well.
CME 10/10 ABCD Up 315.14 +1.87 296.21 338.88 641K 1.2M 308.77
Intraday move to the 10 day EMA (309.97) but bounced to close modestly higher. CME did finish off the intraday high, but CME is bouncing at light support quite nicely. Will see if we get a move higher from here, but a lateral step would not be bad either.
CME 09/26 Flag 315.14 +1.87 300.77 338.88 641K 1.2M 308.77
Current.
DE 11/07 Asc Tri 47.41 -0.60 48.50 58.95 3.4M 6.5M 45.97
Current. Short gap and rollover Wednesday and continued lower Thursday to the 10 day EMA (47.48). Lower volume move, so there was that, but looks like it could continue down to a stronger layer of support at the August/September peaks just over the 46 mark. The 18 day EMA (46.94) is in that area as well so we will see if DE can bounce there with a continued move lower.
FFIV 09/30 FlyPlat 47.28 -0.55 40.51 44.95 917K 2M 45.89
Current. Gapped lower to the 18 day EMA (45.89) but bounced to close just slightly lower. Finished off the high so we are going to watch FFIV as it works to get back in that lateral action along the 47.50 mark. Still in the uptrend, but would like the 18 day EMA to hold if FFIV starts back again Friday.
GIS 08/10 Test BO 67.28 +0.33 58.59 67.42 1.9M 4M 65.41
Current. Very small gains at the close, with a finish off the intraday high. Sketchy action this session and the previous one, but holding the support with the October peak (66.80, opening) so we are waiting for now. Will see if GIS can stick a move higher Friday or if it needs to pause a bit longer at this level.
GLD 10/02 ABCD Up 108.21 -1.39 98.89 105.45 18M 14M 106.55
Target Hit. Took another 1/3 of 117% option gain early in the session after this long run. Dollar was stronger as it bounced some out of the short term double bottom and gold took a hit. Still an overall uptrend, but looks ready to test back some here. Will see how much pullback we get and if it sets up again.
HAL 10/29 ABCD Up 30.30 -1.12 30.30 34.95 16M 23M 29.89
Current. Struggled a bit with the rising dollar but did manage to hang onto the 18 day EMA (30.30) at the finish. Will need to see if HAL can hold; if it can't we sell and see how this dollar bounce plays out.
HWD 10/26 ABCD Up 9.57 -0.32 8.95 11.95 169K 450K 8.97
Current. Stepped lower with lighter trade and bounced lightly off the 10 day EMA (9.39). At the September high (9.37, opening) as well but could test a bit more Friday. Stronger support at the 9 dollar mark and if HWD continues lower that is where it should stick.
ICE 10/27 Test BO 107.83 -0.30 105.46 119.95 734K 1.8M 103.88
Current. Again, higher intraday but faded back to finish flat with a doji. Fourth day at this level and not able to make any headway against that October intraday high at the 110 mark. Looking more ready for a short pullback after this move and we want to see a hold around the 105 mark with a step lower.
ICE 09/16 Flat 107.83 -0.30 97.35 114.94 734K 2.2M 103.88
Current.
IOC 11/09 Test BO 48.39 -0.61 48.81 54.95 419K 1M 44.98
Current. Gap lower but close with a doji after a short bounce off the low. Holding up at that support around the 47.50 mark here but not looking incredibly strong. Will see if IOC can bounce here or if it will look for a deeper test back.
JBLU 11/07 ABCD Up 5.30 -0.05 5.33 6.94 6.7M 8.5M 4.96
Current. Not ideal with the move up to the 5.50 resistance with the October lows that fell back to close with a doji. Solid bounce Wednesday, but not adding to that Thursday. Still in the pattern, though, so will see if that can work itself out on Friday.
JOSB 11/10 ABCD Up 42.44 -1.29 43.50 48.88 234K 450K 41.77
Current. Gapped to a doji Wednesday, but popped lower Thursday back to support at the 42 mark. Still in the pattern so it can begin to kick higher, but need to see it hold up at this support Friday to keep things in shape.
LNCR 10/02 Flag 34.20 -0.13 30.86 35.88 998K 1.2M 32.78
Current. Solid action Wednesday, but watching it after this Thursday move higher that faded back at the close. Some support at 34ish with the September high, but more likely that LNCR will head lower off this move. Want to see a hold around 33ish with the 10 day EMA (33.27) there.
NFLX 11/03 Flag 58.19 -1.25 56.18 62.55 741K 1.8M 57.78
Current. Solid run so far in November but now starting lower with this move. Not much of a bounce off the low so we will see if NFLX can hold up here or if it will need to make a deeper test. Support at the 10 day EMA (56.48), but really do not want to see it get that low before a bounce.
NTGR 11/04 Asc Tri 20.66 +0.64 19.05 21.95 714K 450K 19.77
Current. Strong jump Wednesday and another one here to move past some resistance at 20. Another good push and we can bank some gain. Will see if we get just that Friday.
PIR 11/09 Test 50 3.61 -0.18 4.05 5.25 1.6M 3.2M 3.77
Buy Not Hit. Stepped lower again Thursday, but did bounce a bit off the 3.50ish support to close just over the 50 day EMA (3.57). Key level and want to see it hold up Friday and bounce a bit.
PNC 11/02 Flag 54.34 -0.36 51.77 58.95 3.1M 7.5M 51.32
Current. Similar to the Wednesday action with the intraday move higher that faded back to flat. Not the kind of action we want to see here, and looks ready to head lower for a bit. If that is the case we want to see PNC hold some support just over 52ish, with the 10 day EMA (52.87) also at that level.
PRE 11/11 ABCD Up 77.21 +0.06 77.66 84.77 880K 1M 75.38
Buy Not Hit. Lateral move but finished off the intraday high. Some key support at 76 is intact, but at this point it looks like PRE may need to test that and bounce in order to refuel.
QTWW 10/21 ABCD Up 1.12 -0.06 1.19 1.60 1.5M 4M 1.16
Current. Gap and rollover Wednesday, and kept moving south Thursday. Back to the 50 day EMA (1.13) and the early November lows also at this level. Holding the line with this lower volume move back, but needs to stick here Friday to keep things looking ok.
RDY 10/02 Flag 23.71 -0.90 19.36 22.95 405K 545K 22.91
Current. Gapped lower off that Wednesday doji, but did get a moderate bounce off the low at the 10 day EMA (23.15). Could go either way from here, but with additional support at the 23 level we will see give RDY a bit more time here. If it cannot hold that level though, watch out.
RIG 11/10 Test 50 87.37 -2.46 89.89 99.92 3.6M 5M 86.54
Current. Higher intraday to the 9 mark, but slipped back to close at the 18 day EMA (87.30). Another casualty of the stronger dollar and need to see it hold on here. If it cannot keep things in check on Friday we will need to consider getting rid of it to see how the dollar bounce plays out.
RMBS 11/06 Rolling 18.09 -0.09 16.78 19.45 1.3M 3M 17.21
Holding some support at the 18 mark, but watching it after the gap and slip back Thursday. There is support lower at the 50 day EMA (17.33), but will need to be careful with RMBS after this action.
SWN 10/24 Flag 42.57 -2.13 46.80 51.94 5.6M 5.2M 45.68
Exited. Not able to hold up at the 50 day EMA (44.11) so we cut it loose with the move lower on volume.
TNB 11/04 Flag 36.85 -0.96 35.84 40.95 549K 870K 35.88
Current. Stepping lower Thursday but did so with falling, just under average trade. Was just ready to test some here after the solid November run up from the 34 mark, and expect TNB to continue down to the 10 day EMA (36.13) and October highs at 36ish. Want to see a hold there Friday if TNB get that low.
TROW 11/02 Test BO 51.03 -0.48 49.78 58.55 1.6M 3.6M 48.55
Current. Slipped a bit lower with falling, below average trade. Over some support at the 10 day EMA (50.42) and looks ready to continue to there on Friday. Will look for a hold at that level, but if not we would like to see a bit of stickiness at 50ish with the 18 day EMA.
TWP 11/02 ABCD Up 17.04 -0.34 16.73 20.98 143K 217K 15.56
Current. Opened at the 18 day EMA (17.36) and got bumped back some from there with higher volume. Not a huge move down, but definitely not what we want to see after tapping resistance at the 50 day EMA (17.70) with the previous three sessions and failing. The ABCD pattern can still work for us, but if TWP does not do something soon, it looks ready to head back to the next support area at the 16 mark.
TYC 07/10 Test 50 35.57 +0.69 26.75 31.95 5M 5.5M 34.11
Current. Stepped higher with stronger volume, but did shy away from the high some as it tapped the October peak. TYC can continue from here, but will watch for upside Friday that can stick a move to the 36 mark.
XRTX 11/10 ABCD Up 11.36 -0.35 11.34 14.95 83K 400K 10.55
Buy Not Issued. Not ready to move in with this step to the 10 day EMA (11.31) that did not bounce. Sticking at support, but we will see if XRTX can hold here or bounce from the 18 day EMA (11.20) Friday before we move in. Higher volume would be nice to see as well.
XRTX 11/04 ABCD Up 11.36 -0.35 10.95 14.95 83K 550K 10.44
ZMH 11/09 Asc Tri 55.16 -0.16 55.52 63.95 1.3M 3.4M 53.18
Current. Lateral move with the doji just over the October high (55.04). Holding some support here, but looks like a move lower is possible for Friday. In that case we look for ZMH to hang on at the 18 day EMA (53.90).
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ANN 11/04 BearFla 12.98 -0.70 13.57 10.52 1.3M 3M 14.57
Buy Not Issued. Dropping this one. Headed down, but pretty low volume so went with other downside.
ASH 11/04 BearFla 36.61 -0.72 36.54 31.21 1.2M 2M 38.22
Current. Stepped back from the 50 day EMA (37.98) with higher, just below average trade. Would have liked to see a bigger move, but ASH is just not ready to give it up yet. Resistance has held solidly all month so we will let ASH run further to see if it can break open the downside.
IWM 11/04 BearFla 58.17 -1.09 58.08 53.00 69M 75M 59.88
Entered today. Higher intraday but turned lower with volume so we moved in. Broke below the 50 day EMA (58.70) and kept falling quickly to some support at 58ish. Not really a bounce there and looks ready to continue Friday.
IWM 09/30 Rollove 58.17 -1.09 61.48 57.55 69M 48M 57.54
Current.
JNPR 11/06 BearFla 24.70 -0.65 24.84 22.75 21M 10M 26.21
Entered today. Tanked nicely intraday and looked super but then it recovered late on volume. Not what I wanted to see at all. It managed to close below key support at the 25 mark so we will see if it stays there. If it recovers it by virtue of this reversal move then we may have to close it after it looked so good. For now it is below the support on the close so that is a first step.
MBT 11/03 ABCD Dw 49.71 -0.27 49.44 43.04 1.6M 1.8M 51.11
Buy Not Hit. Just slightly lower at the close, but looking very weak with another gap up and rollover. Support at the 50ish level and will wait to see if MBT can continue lower and hold before we buy.
QID 11/11 BearRev 21.20 +0.24 20.92 24.00 18M 25M 20.55
Entered today. Doji on Wednesday and bouncing off that to give us an entry. Small caps continue to lag and are leading downside; looks good to go from here.
ROST 10/20 Put 45.80 -0.94 45.58 41.75 1.7M 2M 44.65
Current. Higher to start but quickly thumped lower to support at the 50 day EMA (45.72). This looks better, but it has looked better before. Now want to see it continue below this support to really get things moving with the downside play.
RS 11/09 Dbl Top 38.90 -1.17 39.38 35.48 548K 1.2M 40.81
Current. Opened at that 40 resistance and got knocked lower from there. Low volume climb to resistance this month but now failing at it so we will see if RS keeps the move down going on Friday.
SCHN 11/10 BearFla 44.33 -0.67 44.82 40.75 553K 625K 46.77
Buy Not Issued. Higher intraday but rolled back to close a bit lower. Looks ready for the downside here, but will see if SCHN can test back up to the 45 mark and stall to give us a good entry.
SDS 11/11 BearRev 37.27 +0.72 37.21 40.94 45M 45M 35.96
Entered today. Doji on Wednesday and a bit of a bounce here to give us the entry. Getting ready with this one as the SP500 has stalled at the October peak (1097.91 closing) and headed lower. Looks good to continue.
SHAW 10/24 BearFla 27.61 -0.96 28.40 26.08 1.1M 1.4M 26.42
Current. Headed lower from the 29 mark Thursday and kept moving all day. Not huge volume on the move, but looks ready to keep heading lower on Friday after stalling out at resistance the previous three sessions.
SLAB 11/02 BearFla 42.68 -0.55 42.28 38.22 531K 1.2M 43.91
Buy Not Issued. Headed lower away from the 50 day EMA (43.38) but a low volume move so we held off. Still at a good level to buy so if SLAB can keep falling on Friday with better trade we can still move in.
SPY 11/10 BearRev 109.03 -1.12 108.98 106.95 157M 200M 111.21
Entered today. Gapped to a doji on Wednesday and gave us the buy as it slipped back Thursday. Nice test of the resistance with the October peak that has stalled out and looking for it to slip back further Friday.
VMI 11/11 Put 75.94 -0.95 76.48 71.65 238K 450K 79.53
Buy Not Issued. Stepped lower Thursday and could have entered, but a low volume move and other downsides were selling. Will see if VMI tests up a bit to the 10 day EMA (76.67) and resumes the downside with more gusto to give us a buy.
End part 2 of 3
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