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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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VIDEO MARKET SUMMARY. Detailed chart-based analysis of the key index and leadership charts are covered.
TO VIEW THE VIDEO MARKET & ECONOMIC SUMMARY CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/MarketSummary.wmv
TO VIEW THE VIDEO TECHNICAL SUMMARY ONLY CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/TechnicalSummary.wmv
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NEW FEATURE: HTML CONTINUING PLAY TABLE. Click the following link to view the Continuing Play Table in HTML format:
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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 200.51 -5.45 138.55 149.91 19M 23M 198.00
Current. Low volume second peak, lower MACD, gap lower on above average volume. Hmm. Can look at selling some 200 strike calls and see if AAPL trends lower toward the 50 day EMA at 191. December are selling for 7.40. A bit aggressive as still at the 18 day EMA and there is a trendline from the August and early November coincident with the 50 day. Seems like a good play to make some money while AAPL tests back.
AAPL 04/15 Test 20 200.51 -5.45 119.69 132.77 19M 25M 198.00
Current.
ACF 10/29 Flag 18.87 -0.79 18.20 21.88 883K 2.2M 18.11
Current. Fading back from the prior November peak at 20 with this move. Lower volume action though and holding up at the 18 day EMA (18.71) and coinciding October high though so we are leaving it. Letting it test and will see if it can bounce back up from here.
ACH 11/16 Asc Tri 27.75 -0.61 28.42 34.95 702K 850K 26.43
Buy Not Hit. Gap lower but bounced a bit off the intraday low to finish. Still a decent range here and will see if ACH can hold or start to bounce to put in a higher low. Want to see that to keep the pattern in shape.
APA 10/13 Test BO 97.07 -2.68 99.71 109.95 2.6M 4M 98.11
Current. Tested the 50 day EMA (95.97) on the low and bounced some. Stepping lower again back from the November highs just over 100. Holding some support and as it has done this all the way up we are letting it test.
APA 09/29 Pennant 97.07 -2.68 92.37 105.95 2.6M 4M 98.11
Current.
ASIA 10/01 Asc Bse 25.08 -0.78 20.74 23.85 436K 900K 23.84
Current. Stepped lower from the Wednesday doji but a nice bounce off the intraday low to hold over the 10 day EMA (24.92). Some support here so we will see if it sticks this level before starting back up. If it falls a bit more it may test back further to the 24 support before bouncing.
AUXL 10/30 ABCD Up 35.00 +0.61 33.21 37.22 404K 865K 32.88
Current. Nice relative strength with healthcare being a defensive sector. Looks good over the 34 mark and letting it play out further from here after this bounce with volume.
BBY 11/12 Asc Tri 42.95 +0.47 42.91 48.95 6.9M 7M 40.87
Current. Tapped the 10 day EMA (41.94) and rebounded higher with above average trade. At the prior November high at the 43 mark with some strength, but may find a bit of resistance here Friday. Will see if BBY continues higher or if it starts to bounce laterally between 42-43.
BLKB 11/17 Pennant 21.69 -0.24 22.28 25.95 218K 300K 20.97
Buy Not Hit. Short gap lower but bounced off the low to finish with a tight doji. Not able to stick at the 50 day EMA (21.93) but holding at the November lows so not worried here. Will give it a chance to bounce up from here.
BWLD 11/05 Asc Tri 41.24 -0.58 42.57 48.95 429K 635K 40.88
Current. A bit lower again Thursday but a doji at the 50 day EMA (41.27) so leaving it. Solidly in the uptrend with this move but will see if it can bounce a bit after three days of testing.
CAT 11/18 Asc Tri 58.61 -0.80 60.24 67.88 8.2M 12M 57.94
Buy Not Hit. Short gap lower but a reversal off the intraday low to finish with a doji at the 18 day EMA (58.20). This one still can make the break but it is going to go with the market, i.e. whether it corrects more or breaks back upside. Will see what we get from here.
CERN 10/29 Test 50 75.88 -1.52 79.62 94.94 792K 1.2M 77.28
Current. Sold lower to fall just under the 50 day EMA (76.29) but at support from early November, late September and bounced modestly so letting it test. Want to see something from here.
CLF 09/28 ABCD Up 42.28 -0.76 31.12 39.95 2.8M 5.2M 39.88
Current. Short move back but a nice reversal off the low after tapping the 10 day EMA (40.86). Not worried about this move as it is reacting nicely at support. Will see if it can continue to hold over the 10 day EMA or if it will slip back further to support at 40ish. Will see what we get Friday.
CME 10/10 ABCD Up 321.97 -2.14 296.21 338.88 670K 1.2M 311.44
Just a bit negative but like the action with the intraday move to the 10 day EMA (316.89) that bounced. Fading back from that 325ish resistance with the October peak so will see where CME tests to here.
CME 09/26 Flag 321.97 -2.14 300.77 338.88 670K 1.2M 311.44
Current.
CMG 11/14 Rolling 85.47 -2.12 88.21 99.88 530K 800K 86.21
Buy Not Issued. Time to drop this one with this step below support.
CPST 11/12 ABCD Up 1.34 +0.05 1.26 1.55 4.2M 4.5M 1.18
Current. Big reach lower intraday but rebounded solidly off the 1.20 mark to finish positive. Past a bit of resistance at the 1.30 level and looks ready to keep running out of the ABCD pattern from here.
CRNT 11/17 Asc Bse 9.48 -0.08 9.69 11.32 220K 300K 9.01
Buy Not Hit. Slightly lower but bouncing off the low and more of a lateral step at this level. Short little move and can bounce higher from this, but a short step back would be okay too. Will see what we get from here.
DD 11/12 Asc Tri 34.60 -0.65 34.89 39.91 5.3M 8.5M 33.57
Current. Shifting lower from the Wednesday doji here but not a bad bounce off the intraday low. Solid jump over the October high on Tuesday but now will let DD pause some and see if it can bounce up from the 34 mark.
DE 11/07 Asc Tri 50.89 -0.57 48.50 58.95 6.9M 6.5M 47.88
Current. Big gap higher on volume Wednesday and just a bit lower here. Solid volume and a bounce off the low at the support from 50 so letting it run. May test a bit to 50 but letting it make the move as it can run from there.
FFIV 09/30 FlyPlat 48.37 -0.93 40.51 44.95 803K 2M 47.69
Current. Sliding back here but a bounce off the intraday low to hold the 10 day EMA (48.32). Support here with the October high as well and looks solid with the lower volume action. Will give it a chance to stick here and bounce a bit.
FMX 11/16 Pennant 43.47 -0.95 44.39 49.95 1.5M 2M 41.82
Current. Stepped lower Thursday as volume picked up to just under average. Still in a decent range at this level but want to see if FMX holds up here or further down towards the 42ish level.
GIS 08/10 Test BO 67.51 +0.02 58.59 67.42 1.7M 4M 65.91
Current. Intraday move to the 18 day EMA (66.66) but bounced to close GIS with a doji. Defensive sector and did pretty well here. Will see if GIS starts to fade back again from here to start testing or if this was enough to kick start it higher.
GLD 10/02 ABCD Up 112.30 +0.05 98.89 105.45 21M 14M 108.11
Current. Lower intraday but reversed to close for a little side step. Stalling just a bit here and may fade back some, but looks good to start working laterally here. Will see if it holds in this range to finish the week.
HAL 10/29 ABCD Up 30.44 -1.25 30.30 34.95 13M 23M 29.89
Current. Gapped and slipped lower from there before bouncing some at 30. Holding up at the short October/November trendline so not selling, and will see if we get a bit of a bounce here Friday.
HOC 11/14 ABCD Up 26.21 -1.82 29.16 33.68 1.1M 1.2M 27.21
Exited. Sold below some support with volume so it was time to move out of this one. Had looked ok after the Wednesday action, but that is not the case after this.
HWD 10/26 ABCD Up 9.97 -0.07 8.95 11.95 279K 450K 8.97
Current. Finished negative but in all not a bad day with the test of the 18 day EMA (9.60) that bounced. In the uptrend still and will see if this test and bounce was enough to bump HWD higher or if it will pause some more at 10.
ICE 10/27 Test BO 106.76 -2.64 105.46 119.95 946K 1.8M 104.94
Current. Bumped some resistance at 110 earlier this week and began to fade. Just doing the same here and a slide back to the 18 day EMA (106.07) before bouncing. There is some support at 105ish so we give ICE a chance to hold here and then start back up.
ICE 09/16 Flat 106.76 -2.64 97.35 114.94 946K 2.2M 104.94
Current.
IOC 11/09 Test BO 50.65 -0.95 48.81 54.95 457K 1M 47.65
Current. A reach lower to the 10 day EMA (50.11) and bounced to finish just a bit lower Thursday. Just a low volume test and nothing unexpected here after hitting some resistance at 52.50ish earlier in the week. A hold around here or a bit lower at the 18 day EMA (49.08) would be just fine.
JBLU 11/07 ABCD Up 5.21 -0.25 5.33 6.94 5.2M 8.5M 5.21
Current. Gap lower, tested back up, but then rolled back down at the trendline from September through October. Also fading back from the 50 day EMA (5.44) and now needs to hold in this general area to keep this play looking ok.
JOSB 11/10 ABCD Up 41.64 -1.01 43.50 48.88 215K 450K 42.25
Current. Gapped lower but managed to recover well off the low so left it to see if it can rebound back up. Would like to see a step back up over the 42 mark as there is some support there.
LNCR 10/02 Flag 34.81 -0.42 30.86 35.88 1M 1.2M 33.77
Current. Second day lower away from the 36 mark but not bad at all with this doji at the 10 day EMA (34.48). Could very well turn back up from here on Friday, but a test to the 34 mark would not be so bad either.
MA 11/14 Test BO 230.09 +2.81 231.51 253.45 4.4M 2.4M 227.38
Buy Not Issued. Showed relative strength with the high volume step up but did back off on the close. Not ready to move in just yet, but if it continues back up not going to fight it.
MDT 11/17 Flag 39.61 -0.10 40.32 45.45 3.6M 7M 38.28
Buy Not Hit. Stepped laterally after the intraday test to the 39 mark that bounced. Good support at that level with the August and September peaks and very nice set up here with the healthcare stock. Will see if we get the jump higher from here.
NFLX 11/03 Flag 60.26 -0.87 56.18 62.55 577K 1.8M 57.78
Current. Strong run in November but eased lower away from the Wednesday doji here. Very low volume on the move and not worried after this long November run higher. If it continues down we will look for a bounce off the 10 day EMA (58.91).
NKE 11/16 Rev HS 63.56 -0.86 66.24 74.95 2.5M 4M 62.88
Buy Not Hit. Gap lower below the 64 support so time to drop this one.
NTGR 11/04 Asc Tri 21.17 -0.19 19.05 21.95 275K 450K 20.34
Current. A bit lower with another doji Thursday. Acting just as it should with the move lower and a nice bounce off the intraday test to the 10 day EMA (20.56). Could keep working lower from here, but has shown it can bounce at light support so we will let it make the move.
PIR 11/09 Test 50 4.08 -0.14 4.31 5.25 1.2M 3.2M 3.97
Current. A gap down but a bounce off the low at the 4 support to close PIR with a doji. Could continue to test back to 4, but has already shown it can bounce so we are leaving it be for now.
PLCE 11/18 Asc Tri 34.20 -0.67 35.76 41.45 1.2M 1.4M 33.26
Buy Not Hit. Announced earnings that were very good but its same store sales were not as hoped. Gapped lower, sold to the 50 day EMA (33.08) and then recovered. Not bad action and holding the pattern. If it shows a breakout it is still a buy.
PNC 11/02 Flag 55.24 -0.72 51.77 58.95 3.8M 7.5M 53.65
Current. Slightly lower after fading back off the intraday high. Below average trade on the day and still looks ready to keep shifting lower at this point. If it does, support is at 54ish with the 10 day EMA (54.36) also there.
PRE 11/11 ABCD Up 77.06 -0.51 77.66 84.77 679K 1M 75.38
Buy Not Issued. Lateral step with this doji on average trade. Over support at the 50 day EMA (76.62) so giving it more time to start something. Will see if a bump higher off the doji can get things started.
QTWW 10/21 ABCD Up 1.18 -0.03 1.19 1.60 1.3M 4M 1.16
Current. Third day lower with this doji and not able to hold up at the 1.20 mark. Still, a low volume move and can bounce off the 50 day EMA (1.14) so we left it. Would like to see a bit of a bounce Friday, but if it just holds up here that is ok.
RDY 10/02 Flag 23.45 -0.52 19.36 22.95 471K 545K 22.91
Current. Short gap lower but tested to the 18 day EMA (23.08) and bounced to close with a doji. Third day of testing back and at some support now with the moving average and then early November gap higher (23.41, opening). Looking for some stickiness here.
REP 11/18 Asc Tri 27.62 -0.52 28.48 32.95 183K 525K 26.89
Buy Not Hit. A gap lower and sank a bit from there but on light trade. There is room to test further, but a pretty solid bounce off the low so this may have been enough. Will have to see what we get from here Friday.
RIG 11/10 Test 50 85.22 -2.07 89.89 99.92 4.1M 5M 86.54
Current. Sold with slightly higher trade but is above the trendline from July/August/September and early November lows. Not selling into support so we will see if it holds here.
RMBS 11/06 Rolling 18.35 -0.36 16.78 19.45 1.3M 3M 17.48
Gap lower did not give much to work with. Rebounded nicely off the low so if it continues we see if RMBS can break through the October peaks at 19. If it gets there and fades back again be careful.
TEVA 11/14 Cup hdl 53.04 -0.02 52.83 60.34 4.6M 5.2M 51.44
Current. Drug maker and a very defensive stock. Makes sense that it held up well with a bounce off the low at the 10 day EMA (52.48). Still waiting for the step over the prior November peak but we looks good to go from here.
TNB 11/04 Flag 37.51 -0.48 35.84 40.95 943K 870K 36.28
Current. Short gap lower and then faded some to the 10 day EMA (37.22). At some support here and bounced off the low so will see if this sticks Friday. Would be nice to see a bounce Friday but there is support close to 36ish with the 18 day EMA if needed.
TROW 11/02 Test BO 49.25 -0.93 49.78 58.55 1.3M 3.6M 48.55
Current. Very nice testing back to the 50 mark, but plopped below there Thursday. Still over some support at the August (48.69) and September (47.53, opening) peaks as well as the 50 day EMA (48.25) and a bit of a bounce there. Not selling into support and will see if TROW can rebound Friday.
TWP 11/02 ABCD Up 20.22 -0.51 16.73 20.98 201K 217K 19.21
Current. Raced higher the previous three sessions but a short pause here under the September peak at 21. Letting it breathe after the big run higher and will see if it sticks at 20 with the October high or if it fades further.
TXT 11/14 Asc Tri 20.18 -0.05 20.29 27.25 4.3M 7M 19.18
Current. Big reach lower mid day to the 50 day SMA (19.29) but bounced to close laterally. Right at the October highs still and holding up here solidly with the bounce. Will see if this is enough to start TXT up higher Friday.
TYC 07/10 Test 50 36.61 -0.47 26.75 31.95 2.4M 5.5M 35.36
Current. Eased a bit lower but not an unexpected move here. Will look for a short pullback to the 36 dollar mark with support there from the October high. Then we look for a bounce to start TYC back up again.
URBN 11/18 Test BO 32.26 -0.82 33.04 37.95 3.5M 4.2M 31.32
Buy Not Hit. Gapped down but held support at 32 at the close. Moved the buy point on this one and if it spikes back up then we go ahead and move in for a trade.
XRTX 11/10 ABCD Up 11.99 -0.33 11.34 14.95 225K 400K 10.55
Short step lower with lighter than average trade. Not a bad day with the bounce off the low to hold up at the 12 dollar mark and now we see if XRTX can bounce higher Friday.
XRTX 11/04 ABCD Up 11.99 -0.33 10.95 14.95 225K 550K 10.91
YTEC 11/16 Cup hdl 8.02 -0.03 8.22 9.48 38K 125K 7.64
Buy Not Issued. Holding up at the 8 support after testing way back to the 50 day SMA (7.63) and bouncing to flat. Not ready to move in, but with this big bounce off the low YTEC may be ready to move Friday. Will look for a strong bounce that holds and see if it is worth picking up.
ZMH 11/09 Asc Tri 56.86 -1.17 55.52 63.95 2M 3.4M 55.91
Current. Nice jump higher the previous two sessions but a step lower Thursday. A bounce off the low but looks like it could still test back some. If that is the case we look for ZMH to hold over the 56ish level and bounce.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ASH 11/04 BearFla 36.24 -1.45 36.54 31.21 1.1M 2M 38.22
Current. Gap lower and sold some more as volume picked up. Putting some distance between it and then 50 day EMA (37.90) but now want to see ASH continue to fall to the next support at 35.
IWM 11/04 BearFla 58.66 -1.50 58.08 53.00 72M 75M 59.88
Current. Gapped lower and back through the late August peak on strong volume, the strongest since the start of the month. Did bounce a bit off the low, but not a move to ignore here. Will see if it can heat things up by continuing lower Friday to put pressure on that 58 support.
IWM 09/30 Rollove 58.66 -1.50 61.48 57.55 72M 48M 57.54
Current.
JNPR 11/06 BearFla 25.29 -0.31 24.84 22.75 4.7M 10M 26.21
Current. Gap lower and faded a bit more into the close, but not a huge move. Continuing to head in the right direction but nearing the 25 support now and will have to be wary of a bounce there. A higher volume move back would help things out here.
JOYG 11/17 Dbl Top 54.86 -1.14 56.05 51.05 3.1M 4.5M 57.81
Current. Gap lower and faded some more, but not crazy about that bounce off the intraday low. Still, a nice double top here so will give JOYG more time to work for us.
MXWL 11/14 BearFla 17.37 -0.36 17.12 14.11 131K 300K 18.28
Buy Not Issued. Another small step lower, but still holding up at the 50 day EMA (17.30) with a bounce off the low. Key level to give up and we will not be ready to move in until MXWL can do so.
RIMM 11/12 BearFla 58.84 -1.01 62.66 55.45 14M 22M 61.11
Stepped back again Thursday but a bit of a reversal off the low. Light volume move and very much in the downtrend but could test up a bit from here. Going to see what RIMM can manage Friday.
ROST 10/20 Put 44.85 -1.22 45.58 41.75 3.9M 2M 44.65
Current. Gap down and closed negative, but did bounce off the intraday low. Earnings released today and higher profits explain the volume, but not able to do much with the news. Could bounce up Friday, but will let it if it can hold under the 50 day EMA (45.72).
SPY 11/10 BearRev 109.82 -1.45 108.98 106.95 209M 200M 111.21
Current. Gapped lower and gave up the October peak at 110, but then rebounded and closed near that level. Nothing serious on the downside, but we let it play out and see if it fills that gap from a couple of weeks back as a start.
VMI 11/11 Put 76.18 -2.30 76.30 71.65 259K 450K 79.53
Entered today. Paused at the 50 day EMA (78.92) to start the week and moved in with the break lower Thursday. Solid action here for the downside and will see what we get Friday.
WMS 11/18 Put 41.26 -1.81 42.87 38.55 1.2M 1.4M 43.32
Gapped lower and then sold off in the first few moments. Did not rebound enough to give us an entry point Thursday so we will give it some time to bounce back up and fail so we can buy.
End part 2 of 3
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