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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.
FOR THANKSGIVING WEEK WE ARE ISSUING A TECHNICAL MARKET SUMMARY FOR PART 1.
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VIDEO TECHNICAL SUMMARY. Detailed chart-based analysis of the key index and leadership charts are covered.
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:
http://investmenthouse1.com/ihmedia/AlertsTable.htm
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CONTINUING PLAY LIST
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
http://investmenthouse.com/ihalerts/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 205.88 +5.96 138.55 149.91 17M 23M 198.00
Current. Gapped and then surged a bit further to start the week nicely. Closed right at the highs and volume was better, but still holding under that prior November peak. Short week so not looking for a move past there, but not going to complain if it does.
AAPL 04/15 Test 20 205.88 +5.96 119.69 132.77 17M 25M 198.00
Current.
ACF 10/29 Flag 18.75 +0.13 18.20 21.88 698K 2.2M 18.11
Current. Opened higher but the eased back to settle at the 18 day EMA (18.71). Holding up at some support here with the October high (18.82) so leaving it for now. Just looking for a bit of a lateral move this week.
APA 10/13 Test BO 97.77 +1.30 99.71 109.95 1.9M 4M 98.11
Current. Gapped higher, surged to that 100 mark, and then faded back to close. Still a step higher and at support over the 50 day SMA (97.03) so we are letting this one run. Will see if it keeps bouncing from here.
APA 09/29 Pennant 97.77 +1.30 92.37 105.95 1.9M 4M 98.11
Current.
ARB 11/21 Pennant 22.70 +0.42 22.56 26.94 174K 400K 21.22
Buy Not Issued. Gap higher, tested back to the 18 day EMA (22.29), and then bounced to finish with a doji. Nice looking move but with lower volume this week a break higher is not a guarantee. Still, if it can settle at the 18 day EMA and bounce with some pop then we will look to enter.
ASIA 10/01 Asc Bse 25.66 +0.68 20.74 23.85 868K 900K 23.84
Current. Gap to a doji with higher volume and closed off the intraday high as it tapped the prior November peak. Looks like AISA could step back off this move but we will look for a hold at the 25 mark and coinciding 10 day EMA (25.06). Going to see what we get from here.
AUXL 10/30 ABCD Up 35.16 +0.23 33.21 37.22 225K 865K 32.88
Current. Lateral step with lighter trade, but closed well off the high after bumping the 36 mark and fading back. Just over the October high still, but looks like AUXL could slip back some from this move. Not a big deal and will let this one work laterally for a bit along the 34 mark.
BBY 11/12 Asc Tri 43.71 +0.41 42.91 48.95 5.6M 7M 41.48
Current. Gapped, surged, and then slid back to close for a doji. Average volume on the move and not the best action after two solid days higher. Still, not expecting an all out break away this week so we will see what BBY can manage from here as it is well clear of the support at the 10 day EMA (42.46).
BLKB 11/17 Pennant 21.95 +0.35 22.28 25.95 131K 300K 20.97
Buy Not Issued. Short gap up, surged, and then faded back to finish with a doji. Theme of the day here but holding over some support at the 50 day EMA (21.92) in this continued lateral move. Could step back some from here, but if it can bounce up from the moving average we let it.
BWLD 11/05 Asc Tri 40.81 -0.09 42.57 48.95 298K 635K 40.88
Current. Surge to the 50 day EMA (41.24) and then faded back to flat with a doji. Not the best reaction at resistance but holding in the uptrend still so giving it more time to get back over the moving average and fly.
CAT 11/18 Asc Tri 58.14 +0.19 60.24 67.88 9.5M 12M 57.94
Buy Not Hit. Gap, rose to resistance at 60, and then plowed lower to hold support at the 18 day EMA (58.17). Not the prettiest move but getting the job done overall so will give it some more time and see if it can manage something this week.
CERN 10/29 Test 50 77.67 +1.83 79.62 94.94 922K 1.2M 77.28
Current. Nice jump higher off the Friday doji to show some strength over the support with the late September highs and November lows. Not able to move past the 18 day EMA (78.30), but looks solid over support so letting it run from here.
CLF 09/28 ABCD Up 42.54 -0.48 31.12 39.95 3.7M 5.2M 39.88
Current. Gap up to the prior November high and then melted lower to close a bit negative. Still support at the 10 day EMA (41.49) and also at 40 to hold so giving it more time as it is unable to break resistance for now.
CME 10/10 ABCD Up 323.69 +0.70 296.21 338.88 584K 1.2M 311.44
Rose to the October intraday peak (330.00) and then faded back to close laterally. Not much going on here but still unable to stick a move past the 325ish resistance. Does not look ready to give up any ground here, but will see what we get Tuesday.
CME 09/26 Flag 323.69 +0.70 300.77 338.88 584K 1.2M 311.44
Current.
COST 11/21 Test BO 60.57 +0.51 60.82 68.85 2.8M 5M 59.08
Buy Not Issued. Not bad action with the short bump up from the 18 day EMA (59.78). Good testing last week before this bounce, and if it continues it is a buy.
CPST 11/12 ABCD Up 1.30 +0.04 1.26 1.55 1.6M 4.5M 1.18
Current. Thumped back to support Friday, but a gap higher here with a low volume doji. Right at the 50 day SMA (1.30) here and an interesting move. Would be great to see it continue up, but if it begins to fade some we will let it as it can still bounce.
CRNT 11/17 Asc Bse 9.83 +0.29 9.81 11.44 161K 300K 9.05
Entered today. Short gap higher and kept moving so we picked it up. Worked laterally along the 9.50 mark last week, but looks like it could get something started here.
DD 11/12 Asc Tri 34.76 +0.25 34.89 39.91 5M 8.5M 33.57
Current. A bit of gain with the gap up, but finished well off the intraday high after stalling at the prior November peaks. Seeing some of that resistance just over the 35 mark and not ready to move past with this lighter trade. Support is at the 10 day EMA (34.48) or a bit lower at the 34 mark.
DE 11/07 Asc Tri 51.85 +1.02 48.50 58.95 7.3M 6.5M 47.88
Current. Gapped with the upgrade and then sank back some into the close. Still, a good jump after the testing at 50 last week, and this baby can still run so we will see if it sticks and bounces here.
FMX 11/16 Pennant 44.05 +0.53 44.39 49.95 1.2M 2M 41.82
Current. Gap, filled, and then bounced to finish with a doji over the 10 day EMA (43.82). Pretty solid action here and will see if it carries higher again Tuesday.
GIS 08/10 Test BO 68.34 +0.40 58.59 67.42 1.7M 4M 66.84
Current. Finished off the high, but still inching up at this point. Over the mid November highs so will see if that continues to hold and kix GIS higher again.
GLD 10/02 ABCD Up 114.29 +1.35 98.89 105.45 24M 14M 110.91
Current. Lateral action this week, but a strong gap higher and held it into the close. Big volume on the move as buyers returned to gold and now will see if it holds the gap up or starts to fill.
HAL 10/29 ABCD Up 30.44 +0.56 30.30 34.95 11M 23M 29.89
Current. Finished higher after the gap up, but did close a bit off the intraday high. Still trending higher in its bigger uptrend, but looks a bit tired here. The play is still working for us for now, so will leave it until it shows it can't.
HTCH 11/21 ABCD Up 7.38 +0.33 7.29 8.95 322K 465K 6.78
Entered today. Tested last week but a solid jump higher here to give us the buy. Held at the close right at the prior November highs and now we see if it carries on past.
HUM 11/19 Flag 41.48 +1.04 41.58 46.39 2.1M 3M 39.62
Entered today. Pretty good testing last week with the flag and jump higher here so we moved in. Surged intraday to the November peak at 32 and faded, but still a solid bounce off support.
HWD 10/26 ABCD Up 9.96 +0.22 8.95 11.95 205K 450K 8.97
Current. Gap to a lower volume doji under the prior November peak. Could press a bit higher from here, but not really looking like it will make the leap over that this week. Will see if HWD can put in a lateral step from here.
ICE 10/27 Test BO 108.60 +1.83 105.46 119.95 730K 1.8M 104.94
Current. Gapped to the 10 day EMA (107.62), surged to the prior November high, and then slid back into the close. Higher on the day, but another move fading at some resistance here. Could be the theme of the week, but will see if ICE can stick a jump higher Tuesday.
ICE 09/16 Flat 108.60 +1.83 97.35 114.94 730K 2.2M 104.94
Current.
IOC 11/09 Test BO 50.25 +0.04 48.81 54.95 567K 1M 47.65
Current. Up to the highs at 52.50ish and then pulled back to close at the 10 day EMA (50.15) with a lateral step. Holding some support here and can still bounce up so leaving it for now.
JBLU 11/07 ABCD Up 5.30 +0.10 5.33 6.94 2.7M 8.5M 5.21
Current. Short step up with the doji at the 18 day EMA (5.31). Lower trade and not a big sign of strength, but will see if it can continue from here. The play is still there, but want to see something out of it from here to get things moving again.
JOSB 11/10 ABCD Up 42.35 +0.61 43.50 48.88 174K 450K 42.25
Current. Popped up with a doji to close over some support at the 42 mark. Faded back from the high but what else is new. Will see if JOSB can continue to trend higher from here and slip over the resistance from the 50 day EMA (43.14).
LNCR 10/02 Flag 35.75 +0.37 30.86 35.88 903K 1.2M 33.77
Current. Jumped up with a doji at the earlier November high (35.97). Stronger volume with the move, but still looks like it will pause here and slip back. Letting it continue to trend higher as it is really in pretty decent shape.
MA 11/14 Test BO 236.19 +5.03 231.51 253.45 1.3M 2.4M 227.38
Buy Not Issued. Gapped away from us here so dropping it.
MDT 11/17 Flag 40.31 +0.69 40.32 45.45 5.6M 7M 38.28
Buy Not Issued. Stepped higher with the bounce up from the 10 day EMA (39.54). Didn't quite close at the buy, but it was good enough if you did buy it. Still a buy as it continues up.
NFLX 11/03 Flag 60.38 +0.41 56.18 62.55 693K 1.8M 57.78
Current. Nice reach lower and bounce Friday, but just a short bump up with this doji. Not a lot of volume and below the prior November peak so really looking more like it could work laterally this week. Solid uptrend though so we will see what it can do Tuesday.
NTGR 11/04 Asc Tri 20.62 +0.43 19.05 21.95 263K 450K 20.34
Current. Thumped lower on Friday to support at 20ish, and now a bit of a jump higher. Not a big move and finished well off the intraday high, but still not a bad reaction at support. Will give it a chance to continue up from here.
OMN 11/21 Pennant 7.58 +0.58 7.30 8.77 934K 650K 6.60
Entered today. Nice pennant pattern worked along last week, and now a jump higher with volume to give us the buy. Very strong move past the earlier November highs and kept running. Looks good for Tuesday.
PIR 11/09 Test 50 4.20 +0.23 4.31 5.25 1.1M 3.2M 3.97
Current. Three days of testing to finish last week, and a nice little bump up here. Lower volume, but still good action to see at the support at the 4 mark. Will see if PIR keeps moving from here.
PLCE 11/18 Asc Tri 33.30 -0.28 34.55 41.45 567K 1.4M 32.88
Buy Not Hit. Higher intraday to the August peak (34.49) but then faded back to close lower at the 50 day EMA (33.11). A pretty big swing higher but a lower volume move and holding over support so we are waiting it out. Will see if it can bounce up from here.
PNC 11/02 Flag 56.60 +1.76 51.77 58.95 2.8M 7.5M 53.65
Current. Gapped and pressed further to close over the earlier November high (55.96). Solid jump up though volume was down, and now we see if it holds, or sinks back to fill.
POWR 11/21 ABCD Up 8.03 +0.02 8.28 10.33 77K 200K 7.72
Buy Not Hit. Intraday test back to the 50 day EMA (7.80) and bounced to finish with a doji. Holding over the 8 mark here and ready to move. Now just has to do so.
PRE 11/11 ABCD Up 77.27 -0.14 77.66 84.77 521K 1M 75.38
Buy Not Issued. Opened a bit higher and then settled back to close for a side step. Still some resistance just over head at the 78 mark with the November high so letting PRE continue to trend along and wait for the bounce up that sticks.
QTWW 10/21 ABCD Up 1.30 +0.10 1.19 1.60 1.7M 4M 1.16
Current. Short move back intraday but bounced solidly up to finish at the 1.30 mark. Over the November highs with this move and now we see if it can add to this jump on Tuesday.
RDY 10/02 Flag 24.12 +0.10 19.36 22.95 233K 545K 22.91
Current. Lateral step with this low volume doji. Over the 10 day EMA (23.82) but just taking things easy at this level. Will let it continue as it looks ready to stick to this level for now.
REP 11/18 Asc Tri 27.78 +0.46 27.72 32.95 213K 525K 26.77
Buy Not Issued. Gapped and rolled over to close but still a step up. If it holds here and starts back up it is a buy.
RMBS 11/06 Rolling 16.72 -1.38 16.78 19.45 6.3M 3M 17.48
Bumped along the 19 mark early last week and then fell to the 18 support. Sold hard below that level here so time to exit.
TEVA 11/14 Cup hdl 53.43 +0.71 52.83 60.34 3.6M 5.2M 51.44
Current. Slight testing back last week to the 10 day EMA (52.69) and a solid jump higher here. Falling below average trade, but still a move over the earlier November peaks (53.20). Will see if TEVA tests some to 53ish support and bounces to start right back up.
TNB 11/04 Flag 37.39 +0.30 35.84 40.95 677K 870K 36.28
Current. Backed off the high at the close, but still finished a bit positive over the 10 day EMA (37.23). Three days of testing last week so a stronger bounce would have been nice, but not a bad move in all. Will see if trade continues to pick up and TNB challenges the November high (38.35).
TREX 11/02 ABCD Up 20.13 +0.08 16.73 20.98 0 217K 19.21
Current. From TWP to TREX, a more fitting ticker. Lateral step after a reach lower that bounced. Holding up over support at the October highs at 20 still and just testing some after the stellar run last week. Looks like TREX can roar higher again from here but will watch it at the next resistance at 21.
TROW 11/02 Test BO 49.48 +0.77 49.78 58.55 1.6M 3.6M 48.55
Current. Slid back last week to the 50 day EMA (48.32) but a solid jump higher here. Faded back off the intraday high some, but a good move at support so will let it run from here.
TXT 11/14 Asc Tri 20.09 +0.45 20.29 27.25 3.8M 7M 19.18
Current. Short bounce higher off the 18 day EMA (19.77) to just barely squeak over the 20 mark. Still think it can move higher from here, but will have a tougher time doing that with the shortened week. Still, a solid mover, so not counting it out and will give it a chance to bounce again.
TYC 07/10 Test 50 36.50 -0.36 26.75 31.95 2.9M 5.5M 35.36
Current. Opened higher and then plopped back to close at support from the 10 day EMA (36.25). Support also from the October high at 36 so letting TYC continue here as it can still bounce up.
URBN 11/18 Test BO 31.48 -0.69 33.04 37.95 3.3M 4.2M 31.32
Buy Not Hit. Dropping this one as it zipped lower with higher volume.
XRTX 11/10 ABCD Up 11.80 -0.31 11.34 14.95 179K 400K 10.55
Gap up and then wiped lower into the close. Holding over the 18 day EMA (11.64) with this lighter volume and in no trouble here if it can hold up. Looks like it might inch a bit lower to tap the 18 day EMA but has already shown it will bounce there.
XRTX 11/04 ABCD Up 11.80 -0.31 10.95 14.95 179K 550K 10.91
XTEX 11/19 ABCD Up 5.68 +0.06 5.88 7.11 239K 450K 5.45
Buy Not Hit. A bit higher at the close with this doji over the 50 day EMA (5.57). Good support at this 55.0 level with the September peaks and XTEX looks ready to start something. Will see if it turns up from this doji on Tuesday.
YTEC 11/16 Cup hdl 7.95 -0.02 8.22 9.48 132K 125K 7.64
Buy Not Issued. Much higher volume, but holding over the 18 day EMA (7.92) with the slight move back. Looks like YTEC can stick here so we will be ready to jump in if it can break higher.
ZMH 11/09 Asc Tri 57.96 +1.04 55.52 63.95 1.5M 3.4M 55.91
Current. Gapped and ran a bit, but paused just under the November peak (58.03) with the lighter volume move. If it can continue from here, great. If it slips back there is support with the 10 day EMA (56.44) to hold.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ASH 11/04 BearFla 35.67 -0.02 36.54 31.21 969K 2M 38.22
Current. Lateral move, but a nice step up to the 18 day EMA (37.06) that got slapped back down. Failing at resistance but not a unique thing Monday, so would like to see a bit of weakness Tuesday. Looking for a move below 25ish for now that can hold.
IWM 11/04 BearFla 59.61 +1.02 58.08 53.00 58M 75M 59.88
Current. Gapped to a tombstone doji that held well under the November peaks; interesting and definitely going to see how this plays out from here.
IWM 09/30 Rollove 59.61 +1.02 61.48 57.55 58M 48M 57.54
Current.
IYT 11/21 Rollove 71.35 +0.54 70.46 65.35 576K 1.2M 73.04
Buy Not Hit. Another low volume gap to a tombstone doji under the November peak. Definitely a sign of weakness, so will let it play out and see if it begins to crumble.
JNPR 11/06 BearFla 26.07 +0.87 24.84 22.75 9.6M 10M 26.21
Current. Worked a bit lower last week but a higher volume jump up off that 25 mark. With the higher volume we will have to close it if it does not stall.
JOYG 11/17 Dbl Top 53.61 -0.42 56.05 51.05 3M 4.5M 55.66
Trailing Stop. Gap higher off that Friday doji and with some volume so went ahead and closed this one out.
MAN 11/21 ABCD Dw 50.57 +0.88 50.16 45.25 602K 1.2M 51.77
Buy Not Hit. Moved the buy point as it gapped up and challenged the 50 day EMA (51.68) before fading to show a tombstone doji. Good looking move to set up the downside and now we see if it breaks.
MXWL 11/14 BearFla 17.43 -0.01 17.12 14.11 116K 300K 18.28
Buy Not Issued. Lateral step and over the 50 day EMA (17.31), but showing a tombstone doji after failing at resistance. Still not a level we want to pick it up at, but if it falls below here we can look at a buy.
PSYS 11/19 Put 21.91 +0.91 21.09 18.04 1M 1.4M 22.16
Buy Not Issued. Stepped higher to finish just under some serious resistance from the 200 day SMA (22.03). Letting PSYS make the test here and ready to move in should it stall out and fall.
QID 11/19 BearRev 20.67 -0.70 21.47 23.98 14M 20M 20.32
Current. Gapped lower as NASDAQ gapped higher, but not a washout at all. Will see how things play out with the NASDAQ at the November highs and give it a chance to stumble.
RIMM 11/12 BearFla 60.00 +0.28 62.66 55.45 14M 22M 61.11
Tried to bounce again, but hit the 18 day EMA (61.42) and faded back to close. Good looking move for the downside so will see if this can send RIMM lower again from here.
ROST 10/20 Put 43.95 +0.14 45.58 41.75 2.1M 2M 44.65
Current. Lateral step with a doji after fading back from the intraday high. Not giving up the October low (43.79), but not able to make a bounce from there stick so we will let it be. Will see if it can give up this support from here.
SPY 11/10 BearRev 110.82 +1.39 108.98 106.95 147M 200M 111.21
Current. Gapped with the market and then showed a doji similar to IWM and company. It hit a new 2009 high but could not hold it. Interesting move and leaving it to see what it can manage Tuesday.
VMI 11/11 Put 75.96 +0.08 76.30 71.65 226K 450K 79.53
Current. Opened higher but quickly reversed down to close laterally. If this move down can hold it will be another lower high this month for VMI. Now want to see it continue down below some support just over the 75ish mark.
WMS 11/18 Put 40.64 -0.13 42.87 38.55 759K 1.4M 43.32
Surged intraday but could not hold the move and sank back down. Still not giving up the 40 support so it may bounce from here, but not a big deal if it begins to test up as there is some resistance around 42ish and slightly higher at the 50 day EMA (43.03).
End part 2 of 3
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