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us stock market, trade stock
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 204.44 -1.44 138.55 149.91 11M 23M 198.00
Current. Short bounce off the low at the 10 day EMA (202.90) to close for a lateral step. Nice jump Monday but just working laterally here under the early November high. Looks like it will just hold this range Wednesday.
AAPL 04/15 Test 20 204.44 -1.44 119.69 132.77 11M 25M 198.00
Current.
ACF 10/29 Flag 18.59 -0.16 18.20 21.88 563K 2.2M 18.11
Current. Slipped a bit lower to close beneath the 18 day EMA (18.70) but did bounce off the intraday low some. Still a range of support here and a low volume move so will see if ACF can stick here Wednesday.
AEZ 11/23 Test BO 2.80 0.00 2.94 4.00 141K 585K 2.68
Buy Not Hit. Bounce off the low at the 18 day EMA (2.68) to close for a short little side step. Holding the good support level at 2.75ish and testing nicely. Low volume day and just waiting for the bounce up to give us an entry.
APA 10/13 Test BO 97.24 -0.53 99.71 109.95 2.4M 4M 98.11
Current. Intraday reach to the 50 day EMA (96.10) and a bounce to close with a doji. Sticking in a pretty decent range even as oil was down some and looks ready to hold here Wednesday.
APA 09/29 Pennant 97.24 -0.53 92.37 105.95 2.4M 4M 98.11
Current.
ARB 11/21 Pennant 22.42 -0.28 22.56 26.94 210K 400K 21.22
Buy Not Issued. Theme of the day with the early selling and bouncing right back up at the finish. A bit negative at the close, but not worried about it as it was on average volume and held over the 18 day EMA (22.30). Good bounce off the low and might try to challenge the November high at 23, but more likely will step laterally under there.
ASIA 10/01 Asc Bse 25.32 -0.34 20.74 23.85 369K 900K 23.84
Current. A bit lower Tuesday, but not a bad bounce off the low at the 25 support. Predictable move after tapping the 26 resistance Monday and holding where it needs to. Will see if ASIA can jump a bit from here.
AUXL 10/30 ABCD Up 35.30 +0.14 33.21 37.22 302K 865K 33.08
Current. Tapped 36 and then faded back to close for a side step. Intraday bounce off the low as well and holding solidly over the October highs (34.70) but looks like it will slide back some here. Ok if it does as it is moving on the lower volume over support.
BBY 11/12 Asc Tri 42.85 -0.86 42.91 48.95 8.5M 7M 41.48
Current. Short gap up to a tombstone doji Monday and not surprising with the slide back here. Bounced some at the 10 day EMA (42.53) so that is good, but not crazy about the higher volume on the move. Still, at a good level and bounced at light support so will see what it can manage from here.
BLKB 11/17 Pennant 22.09 +0.14 22.28 25.95 126K 300K 20.97
Buy Not Issued. Up just a bit higher Tuesday to finish over the 50 day EMA (21.92). Still just a move in this lateral range, but if it continues it might challenge the November high (22.45). Not likely to move past there this week, but will keep an eye on it at this level.
BWLD 11/05 Asc Tri 41.38 +0.57 42.57 48.95 347K 635K 40.88
Current. Not a bad bounce higher, and held onto most of the gains to finish just over the 50 day EMA (41.25). Good looking bounce here when not many were, and now will see if it sticks to this level Wednesday.
CAT 11/18 Asc Tri 58.00 -0.14 60.24 67.88 6.6M 12M 57.94
Buy Not Hit. A low volume bounce off the low to finish with a doji at the 18 day EMA (58.15). Tried to bounce up after a similar move Friday but not able to make it stick with Monday's gap up and fade back. Will see if it can hold something higher on Wednesday.
CERN 10/29 Test 50 77.55 -0.12 79.62 94.94 591K 1.2M 77.28
Current. Still bumping against the 18 day EMA (78.22) as some resistance, but not a bad reach to the 50 day EMA (76.38) that reversed to flat. Showing some strength over the 75ish support, but not looking like it will make a move to the prior highs just over the 80 mark. Just looking for a lateral step Wednesday, but if it bounces we are not complaining.
CLF 09/28 ABCD Up 43.45 +0.91 31.12 39.95 3.4M 5.2M 39.88
Current. Gapped, filled, and then bounced to finish with a doji. Not bad action at all over the 10 day EMA (41.84) after that Monday gap and rollover and will see if CLF can just keep stepping horizontally here.
CME 10/10 ABCD Up 322.23 -1.46 296.21 338.88 450K 1.2M 311.44
Easing just a bit lower after finding resistance at 325ish Monday, but not bad action with the good reversal off the intraday low. Lower volume move and may slide back some more, but looks good over the 10 day EMA (319.60).
CME 09/26 Flag 322.23 -1.46 300.77 338.88 450K 1.2M 311.44
Current.
COST 11/21 Test BO 60.51 -0.06 60.82 68.85 2.6M 5M 59.08
Buy Not Issued. Opened higher and then sank back just a bit so we were not moving in. Still, holding over the 10 day EMA (60.30) nicely and can look for a buy if it shows a solid bounce.
CPST 11/12 ABCD Up 1.25 -0.05 1.26 1.55 3.1M 4.5M 1.18
Current. Stepped back to the 1.20 mark intraday but a nice rebound from there to finish over the 50 day EMA (1.25). Holding some good support here so want that to continue and give CPST a chance to start jump higher again.
CRNT 11/17 Asc Bse 9.87 +0.04 9.81 11.44 107K 300K 9.05
Current. Intraday slide lower but reversed with light trade to just barely close positive. Not too shabby here, but not much power behind the upside so will likely see some lateral action to finish up the week.
DD 11/12 Asc Tri 34.67 -0.09 34.89 39.91 5M 8.5M 33.57
Current. Another doji after tapping the 35 mark/November highs and fading back to flat. Over the 10 day EMA (34.51) still so letting it rest here and will see if it can bounce Wednesday.
DE 11/07 Asc Tri 52.29 +0.44 48.50 58.95 8.4M 6.5M 48.91
Current. Short dip lower and then bounced with higher, above average volume to finish positive. Nice action after the Monday gap and looks like it will hold up here. Seeing if it can start running again from here.
EV 11/23 Asc Tri 29.86 -0.68 30.71 35.45 1.4M 1M 28.91
Buy Not Issued. Above average volume again as EV rolled back and then bounced some to close just over the 10 day EMA (29.79). Big move on Monday to that prior November high (30.43) and not reacting well here. At support though so will let it work things out Wednesday.
FMX 11/16 Pennant 45.69 +1.64 44.39 49.95 2.2M 2M 42.38
Current. Heavier volume as FMX punched higher to the previous October high (45.98). Stronger volume and some power behind this move, but a key level here. A shorter week as well so there is that too. Not trying to take anything away from the jump higher, but will need to see if it starts to fade or if it continues.
GIS 08/10 Test BO 69.02 +0.68 58.59 67.42 2.2M 4M 67.02
Current. Higher volume as GIS jump up from the 68 mark and then finished right at the intraday high. Solid action here and will see if it continues or slides back a bit from here.
GLD 10/02 ABCD Up 114.73 +0.44 98.89 105.45 23M 14M 111.54
Current. Up just a bit higher again with the gap, fill, and bounce to finish with a doji. Gold higher again and really just letting it run for now. Will see what we get the rest of this shortened week.
HAL 10/29 ABCD Up 30.46 +0.02 30.30 34.95 9.8M 23M 29.89
Current. Bounced some up off the 30 level to close for a short little side step. Not a powerful jump off the low, but holding up decently where it needs to even as oil fell some. Giving it a chance to bounce some.
HTCH 11/21 ABCD Up 7.47 +0.09 7.29 8.95 147K 465K 6.78
Current. Not a bad move as HTCH moved up slightly again to close over the prior November high (7.36, opening). Like the step past this level, but will need to watch it with the very low volume on the move. Looks strong overall, but likely will fade slightly here.
HUM 11/19 Flag 41.86 +0.38 41.58 46.39 1.5M 3M 39.62
Current. Tapped the 10 day EMA (40.99) and then bumped higher to test 42 and the earlier November peak. Faded off the high some there, but a solid move nonetheless and now we see if it tests some to finish up this shorter week.
HWD 10/26 ABCD Up 9.74 -0.22 8.95 11.95 137K 450K 8.97
Current. Soft step lower to the 18 day EMA (9.66) with lighter trade. Bounced lightly there and looks ready to continue holding this support so we will see how it reacts Wednesday.
ICE 10/27 Test BO 107.47 -1.13 105.46 119.95 473K 1.8M 104.94
Current. Intraday move to the 18 day EMA (106.52) but a bounce from there finish ICE just slightly lower. Not a bad test and bounce at support after Monday gap to a tombstone doji. Looks good so will let it run.
ICE 09/16 Flat 107.47 -1.13 97.35 114.94 473K 2.2M 104.94
Current.
IOC 11/09 Test BO 53.35 +3.10 48.81 54.95 1M 1M 48.65
Current. Nice jump higher from the 10 day EMA (50.73) with rising, above average volume. Over the October and November closing highs at 52.50ish, but now will see if it can keep going to take out the October peak (54.32, opening).
JBLU 11/07 ABCD Up 5.29 -0.01 5.33 6.94 4.8M 8.5M 5.21
Current. Leaving this one on a bit longer as it reversed off the low to hold up with a doji at the 18 day EMA (5.30). Not really doing much at this level, but if it can stick here it is worth leaving on as it can still bounce.
JOSB 11/10 ABCD Up 41.74 -0.61 43.50 48.88 207K 450K 42.25
Current. Fell back with below average trade Tuesday. Gap higher to a doji Monday so not a big shocker here. Over the Friday doji (41.74 so will see if JOSB can stick to this level and then start moving.
LNCR 10/02 Flag 35.60 -0.15 30.86 35.88 695K 1.2M 33.77
Current. Doji Monday at the prior peak and just a short slide back here. Not a surprise here and LNCR will likely just work in a lateral range from here. If it keeps heading down Monday a bounce up from the 10 day EMA (34.99) would be nice.
MDT 11/17 Flag 43.25 +2.94 40.32 45.45 23M 7M 38.28
Buy Not Issued. Gapped away darn it. Dropping it.
NFLX 11/03 Flag 59.67 -0.71 56.18 62.55 1.5M 1.8M 57.78
Current. Gap lower to the 18 day EMA (57.89) but popped right back up with some volume to fill most of it. Showing the support can hold here so will let NFLX run and see what it can manage the rest of this week.
NTGR 11/04 Asc Tri 20.88 +0.26 19.05 21.95 206K 450K 20.34
Current. Down intraday to the 20ish support but a swift reversal higher to close NTGR positive. Good looking move on this lighter volume, but now will see if it can do anything with it. If it continues to climb from here the next resistance is at 21.44 with the prior November peak.
OMN 11/21 Pennant 7.43 -0.15 7.30 8.77 460K 650K 6.60
Current. Finished a bit lower, but not a bad day to follow the strong Monday run. A bounce off the intraday low at the early November peak (7.24) sent OMN right back up to close, and now will see if it can keep bouncing Wednesday.
PFWD 11/23 Flag 16.16 -0.32 16.56 19.55 156K 411K 15.38
Buy Not Hit. Strong jump Monday but back down Tuesday. Holding up over the 16 mark and bouncing some there so just need to wait this one out and let the bounce come to us.
PIR 11/09 Test 50 4.24 +0.04 4.31 5.25 1.1M 3.2M 3.97
Current. Intraday slide to the 10 day EMA (4.05) and a firm bounce back up to close with a doji. Slightly higher on the day and liking how it is holding up over this 4 dollar mark. Giving it more time to start running.
PLCE 11/18 Asc Tri 32.85 -0.45 34.55 41.45 886K 1.4M 32.88
Buy Not Hit. Down through the stronger support with the 50 day EMA (33.10) and now sticking at the up trendline from the September/October intraday low. Volume was up on the down day and PLCE needs to stick in the range to keep things in shape. Want to see something of a bounce Wednesday.
PNC 11/02 Flag 56.78 +0.18 51.77 58.95 3.1M 7.5M 53.65
Current. Lateral step after reaching lower and bouncing back up with the lighter trade. Not a lot of power with this move but holding up just fine this week so letting it be. Will see if it starts working laterally to finish the week.
POWR 11/21 ABCD Up 8.22 +0.19 8.19 10.33 100K 200K 7.72
Entered today. Moved in a bit early as it was holding well with the jump off the 50 day EMA (7.81). Finished a bit back from the intraday high, but a very solid move so now will see what it can manage Wednesday.
PRE 11/11 ABCD Up 77.24 -0.03 77.66 84.77 559K 1M 75.38
Buy Not Issued. Opened slightly lower but a bounce off the 50 day EMA (76.70) closed PRE flat. Working horizontally along this support here so just letting it continue and will be ready to buy when it starts the break higher.
QTWW 10/21 ABCD Up 1.27 -0.03 1.19 1.60 9.5M 4M 1.16
Current. Not too happy with this step lower after surging to the October intraday highs at 1.40ish and peeling back. Higher volume move so going to watch it, but still at a decent level so letting it be and will see what it does Wednesday.
RDY 10/02 Flag 24.04 -0.08 19.36 22.95 138K 545K 22.91
Current. Higher intraday but a low volume move and fell back to close flat. Nicely over the 10 day EMA (23.86) so letting RDY continue to run at this level.
REP 11/18 Asc Tri 27.98 +0.20 27.72 32.95 200K 525K 26.77
Buy Not Issued. Gap higher, filled, and then bounced back up to close. Not ready to move past the November highs so leaving it be for now, and will see if it can settle back to the 18 day EMA (27.73). From there a bounce will give us a better entry.
TEVA 11/14 Cup hdl 53.27 -0.16 52.83 60.34 3.5M 5.2M 51.44
Current. Gap to 54 and the flopped back to finish just slightly lower. Not a washout with a decent bounce off the low at the 53ish support though, so will let it run and give it a chance to stick a move higher.
TNB 11/04 Flag 36.70 -0.69 35.84 40.95 877K 870K 36.28
Current. Short gap lower but finished with a doji after tapping the 36 support and bouncing to flat. Over additional support with the 18 day EMA (36.50) and looks like it could turn back higher from here so letting it be.
TREX 11/02 ABCD Up 18.96 -1.17 16.73 20.98 109K 217K 19.21
Current. Cracked lower but a slight rebound off the low to finish at the 10 day EMA (19.00). Lower volume move down than with the huge gains last week so letting it make this test. Really had wanted to see a hold at the 20ish support, but now looking for a bounce up from 19.
TROW 11/02 Test BO 49.18 -0.30 49.78 58.55 1.8M 3.6M 48.55
Current. Side step with this doji over the 50 day EMA and early November low (48.93). Made the test last week and trying to bounce up from solid support so giving it some time here.
TXT 11/14 Asc Tri 20.37 +0.28 20.29 27.25 3.4M 7M 19.18
Current. Slight gains but with lower volume and well within the November highs. Could continue up as it is right now and will not feel too much pressure from the peaks so leaving it alone.
TYC 07/10 Test 50 36.19 -0.31 26.75 31.95 2.3M 5.5M 35.36
Current. Stepped modestly lower but holding up over the 36 support with the October high. Will see if it can stick here with the 18 day EMA (35.81) also right underneath to pick TYC up.
XIDE 11/23 Rev HS 8.11 -0.01 8.19 9.94 662K 750K 7.48
Buy Not Hit. A reach lower to the 10 day EMA (7.77) and then a rebound to finish with a doji. Over the 8 dollar mark and October/early November highs, but now want to see it start to run before we buy. Not the best week for that, but if it starts to move from here we may still get an entry.
XRTX 11/10 ABCD Up 11.81 +0.01 11.34 14.95 152K 400K 10.55
Lateral step with a doji over the 18 day EMA (11.66) and on lighter trade. Looks like it will hold up here so seeing if it start to turn higher to finish up the week.
XRTX 11/04 ABCD Up 11.81 +0.01 10.95 14.95 152K 550K 10.91
XTEX 11/19 ABCD Up 5.84 +0.16 5.88 7.11 177K 450K 5.45
Buy Not Hit. Solid move higher even as oil lost some ground. Not quite to our buy and a lower volume move, but if it picks up some momentum it is at a pretty good place to move in. Will see if it can continue higher and hold the move first.
YTEC 11/16 Cup hdl 7.88 -0.07 8.22 9.48 70K 125K 7.64
Buy Not Issued. Slightly lower again so not ready for the buy, but with this big reach lower and bounce it could be just about ready. Will see if the jump carries into Wednesday along with the volume to get this play going.
ZMH 11/09 Asc Tri 58.34 +0.38 55.52 63.95 1.5M 3.4M 55.91
Current. Just a bit positive to finish over the November peak (58.03), but not the most powerful move. Will see if it continues from here, or if it sinks back with this lighter trade to rest at the 10 day EMA (56.78) again.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ASH 11/04 BearFla 35.58 -0.09 36.54 31.21 1.2M 2M 38.22
Current. Lateral step with a doji after a short bounce up from the low. Not giving up this 35is level like we want, but not bouncing either so we will leave it. Will see if it can fade Wednesday or if it continues laterally here.
IWM 11/04 BearFla 59.34 -0.27 58.08 53.00 45M 75M 59.88
Current. Tombstone doji on Monday, but a reach lower and bounce Tuesday. Still finished a bit lower, but not looking like it is ready to give anything up at this point. Still, not much power this week so leaving it to see if it fades.
IWM 09/30 Rollove 59.34 -0.27 61.48 57.55 45M 48M 57.54
Current.
IYT 11/21 Rollove 70.86 -0.49 70.46 65.35 762K 1.2M 73.04
Buy Not Hit. Stepped modestly down but did bounce some off the low at the 18 day EMA (70.42). Not ready to bounce higher here, but not falling through support either so just waiting it out. Will see how it finishes up the week.
JNPR 11/06 BearFla 26.04 -0.03 24.84 22.75 8.1M 10M 26.21
Current. Not giving up after that higher volume jump Monday. If it doesn't close below the 50 day EMA (25.90) consider closing it.
MAN 11/21 ABCD Dw 49.22 -1.35 50.16 45.25 813K 1.2M 51.77
Nice reach up and tap at resistance Monday, and an appropriate fall here. Not bouncing off the low a bit and looks like it can keep heading south from here.
MXWL 11/14 BearFla 17.30 -0.13 17.12 14.11 110K 300K 18.28
Buy Not Issued. In the red by a hair, but not letting go of the support with the doji at the 50 day EMA (17.31). Going to wait this one out, and if it starts to fall we can still move in if it holds.
PSYS 11/19 Put 22.46 +0.55 21.09 18.04 1.4M 1.4M 22.16
Buy Not Issued. Dropping this one as it bounced up through resistance.
QID 11/19 BearRev 20.82 +0.15 21.47 23.98 12M 20M 20.32
Current. Finished off the intraday high, but modestly higher Tuesday. Not a huge move or a definitive step in either direction, but will see where it can head Wednesday.
RIMM 11/12 BearFla 59.53 -0.47 62.66 55.45 8.3M 22M 61.11
Down but with lighter below average volume on Tuesday. Still positioned for the downside after stalling at resistance Monday, but not breaking lower yet so will see if more losses Wednesday can get things rolling.
ROST 10/20 Put 44.28 +0.33 45.58 41.75 1.6M 2M 44.65
Current. A bit higher with the doji and holding some support after it looked as if it was finally cooked last week. Downside volume is still much stronger though so will let it work and see if it can give up the 44 mark.
SPY 11/10 BearRev 110.99 +0.17 108.98 106.95 135M 200M 111.21
Current. Lateral step with this doji after a reach lower bounced to flat. Showing a lot of stickiness near 1100 but a slower weak so leaving it on and will see how things play out from here.
VMI 11/11 Put 76.62 +0.66 76.30 71.65 180K 450K 79.53
Current. Bounced off the intraday low to finish with a short step up. Still holding under the resistance from the 18 day EMA (77.07) so no worries there and will look for it to knock VMI back on Wednesday.
WMS 11/18 Put 40.41 -0.23 42.87 38.55 661K 1.4M 43.32
Great fall last week but some stickiness here at the 40 mark. Another lateral doji here and will see if WMS tries to bounce up. If it does we would look for some stalling at 42ish or up at the 50 day EMA (42.93) and then a bounce down.
End part 2 of 3
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