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trading system, trade stock
Begin part 2 of 3
NOTE: PART 2 PRECEDES PART 1 THIS EVENING. THE PART 1 VIDEO MARKET & TECHNICAL SUMMARY IS AVAILABLE AT THE FOLLOWING LINK.
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VIDEO TECHNICAL SUMMARY. Detailed chart-based analysis of the key index and leadership charts are covered.
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 199.91 -0.68 138.55 149.91 15M 23M 198.00
Current. Up and down just slightly intraday before closing flat. Holding up here nicely after the Friday gap lower so letting it continue and will see what it can manage the next couple of sessions.
AAPL 04/15 Test 20 199.91 -0.68 119.69 132.77 15M 25M 198.00
Current.
ACF 10/29 Flag 18.45 +0.44 18.20 21.88 895K 2.2M 18.11
Current. Gapped to the 18 support on Friday but bounced up some here to keep heading in the right direction. Still below the lows from early last week so really want ACF to continue up, but looking good for now.
AEZ 11/23 Test BO 2.99 +0.18 2.94 4.00 573K 585K 2.68
Entered today. Solid volume as AEZ jumped out of the gates so we moved in. Nice action after testing last week and looks good to go.
ANF 11/24 Flag 39.93 -0.04 40.70 45.95 4.8M 5M 38.21
Current. Gap up and faded back from there, but a decent looking bounce off the low to hold the 10 day EMA (39.67). Very nice testing last week and a bounce from this level so will give ANF a chance to get running again from here.
APA 10/13 Test BO 95.28 -0.47 99.71 109.95 2.6M 4M 98.11
Current. Up intraday but then faded back to flat. Not liking this action with the gap lower Friday, and now tapping the 50 day EMA (96.13) and falling lower from there. Still, over some support at 95ish so will see if it can stick something from here. If it continues to look weak we will watch it carefully.
APA 09/29 Pennant 95.28 -0.47 92.37 105.95 2.6M 4M 98.11
Current.
ARB 11/21 Pennant 21.53 -0.57 22.56 26.94 213K 400K 21.22
Buy Not Issued. Sold a bit Monday but did bounce up off the intraday low to close only moderately lower and at the 50 day EMA (21.57). Holding over some key support as well with the early and mid November lows so will see if ARB can start run up from this level.
ASIA 10/01 Asc Bse 24.59 +0.21 20.74 23.85 751K 900K 23.84
Current. Gap lower but quite a bounce off the intraday low Friday. Testing again here to the 24 mark and bounced up to finish just a bit positive on the day. Looking for ASIA to hold over this 24ish level and get something started from here.
AUXL 10/30 ABCD Up 34.87 +0.22 33.21 37.22 466K 865K 33.08
Current. A reach lower intraday but bounced to finish flat over the 10 day EMA (34.68). Holding up over good support at this point so just letting it play out and will see what it can manage the next few sessions.
BBY 11/12 Asc Tri 42.83 0.00 42.91 48.95 6.8M 7M 41.48
Current. Gap higher but slid back to finish with a lateral step at the 10 day EMA (42.72). Not an incredibly strong move, but holding over some light support with the moving average so will see if it bounces up here or needs to reach lower to around the 18 day EMA (42.14).
BLKB 11/17 Pennant 22.26 +0.67 22.28 25.95 336K 300K 20.97
Entered today. Ran higher with very strong volume over the 50 day EMA (21.93), and we moved in as it held there. Solid looking move and will see if it can carry higher from here.
BWLD 11/05 Asc Tri 39.94 -0.56 42.57 48.95 432K 635K 40.88
Exited. Looked weak at resistance Friday and started move lower with volume here so it was time to close it out.
CAT 11/18 Asc Tri 58.39 +0.94 60.24 67.88 9.7M 12M 57.94
Buy Not Hit. Better volume as CAT stepped over the 18 day EMA (58.18) Monday. Nice move back up after the Friday gap down, and now just want to see it continue. Will see if it can keep moving to those early November peaks and if it looks strong there before moving in.
CERN 10/29 Test 50 75.29 -0.09 79.62 94.94 867K 1.2M 77.28
Current. Gap down Friday and just holding up over the 75ish support with this lateral step Monday. Still bouncing quite nicely off the low so will give it a chance to start up again from here. If it starts to look hesitant under this 50 day EMA (76.32), though, watch out.
CGA 11/24 Flag 16.00 +0.04 16.03 19.44 1.3M 1.2M 14.78
Current. Gap higher and then slid back to close flat on the day. Not able to do much here, but after the gap lower and bounce Friday we are ok with this action. Over light support at the 10 day EMA (15.44) and will see if it can get a slight bump higher from it.
CLF 09/28 ABCD Up 44.06 -0.01 31.12 39.95 4M 5.2M 40.88
Current. Higher intraday but slid back to flat at the close. Not ready to move past that November high from last week, but still in good shape at this level so will let it run.
CME 10/10 ABCD Up 328.23 +5.58 296.21 338.88 653K 1.2M 316.88
Opened at the 10 day EMA (322.73) and then a solid bounce higher from there. Not quite over the prior November high, but solid action at the 325ish resistance and will see if it can continue to stick to this level.
CME 09/26 Flag 328.23 +5.58 300.77 338.88 653K 1.2M 316.88
Current.
COST 11/21 Test BO 59.91 -0.12 60.82 68.85 3.4M 5M 59.08
Buy Not Issued. Bounced off the low to finish laterally at the 18 day EMA (59.97). Not able to move higher Monday so we were not buying, but holding up after that Friday gap down so will give COST a few days to get traction and start to move again.
CPST 11/12 ABCD Up 1.27 -0.05 1.26 1.55 6.6M 4.5M 1.18
Current. Looked solid intraday but then flopped back to close down at the 10 day EMA (1.27). Not quite able to hold over that 1.30 level, but at the light support and over the 50 day EMA (1.25) as well so giving CPST a chance to bounce.
CRNT 11/17 Asc Bse 9.73 -0.11 9.81 11.44 195K 300K 9.05
Current. A bit lower on Monday, but not bad at all with the intraday test of the 18 day EMA (9.62) that bounced. Had the typical gap lower and bounce on Friday, and now it is looking decent so will give it more time to continue back up to the 10 mark.
DD 11/12 Asc Tri 34.58 +0.18 34.89 39.91 5.1M 8.5M 33.57
Current. Tapped the 34 support intraday and then bounced back to finish flat. Not much of a move higher, but in a healthy range after that Friday gap lower still so letting it play out to see what it can manage the rest of the week.
DE 11/07 Asc Tri 53.51 +1.15 48.50 58.95 7.1M 6.5M 50.11
Current. Gap higher, filled, and then bounced to finish back at the Wednesday levels. Not able to move past that prior November high (53.70), but still a solid looking stock so letting it run a bit longer.
EV 11/23 Asc Tri 30.14 +0.71 30.71 35.45 583K 1M 28.91
Buy Not Issued. Big gap lower last week, but a good looking bounce up off the 50 day EMA (29.27) here. Back to a congestion area just over the 30 mark but if EV can continue running like this we look at an entry. Would like to see some better volume with it though.
FMX 11/16 Pennant 45.51 -0.11 44.39 49.95 730K 2M 42.38
Current. Lateral step here with very light trade. Holding up at the top of the October/November trading range at 46, but not much power here so the side step is fine. Would like to see the move over the 46 mark by the end of the week though to start this one running higher again.
GIS 08/10 Test BO 68.00 -0.10 58.59 67.42 1.7M 4M 67.02
Current. Popped lower Friday but sticking over the 18 day EMA (67.48) just fine with this lateral move. Still a good looking stock and over some support so just letting it run for now to see what it can manage.
GLD 10/02 ABCD Up 115.64 +0.58 98.89 105.45 16M 14M 112.65
Current. Gold was modestly higher and GLD followed suit. Gapped down Friday but bounced up off light support and kept moving higher here so letting it continue. Trade was a bit lower here, but still looks solid so will see what we get Tuesday.
HAL 10/29 ABCD Up 29.36 +0.27 30.30 34.95 14M 23M 29.89
Exited. Gapped lower again and was struggling at the 50 day EMA (29.18) so closed it.
HTCH 11/21 ABCD Up 7.11 -0.05 7.29 8.95 149K 465K 6.78
Current. Lateral step with a tight doji at the 18 day EMA (7.09). Nicely in the uptrend still after the Friday gap down and looks ready to turn back up off this doji. Will see if it can do just that on Tuesday.
HUM 11/19 Flag 41.51 -0.22 41.58 46.39 1.6M 3M 39.62
Current. Slightly negative on Monday after the gap to the November peaks at 42, test lower, and then bounce up off support. Not the powerful move needed to crack over the 42 mark, but with the solid bounce off the intraday low we will see if HUM can carry higher to challenge it Tuesday.
HWD 10/26 ABCD Up 9.49 -0.02 8.95 11.95 76K 450K 8.97
Current. Lateral step with this doji on very light trade. A sizeable gap lower and bounce back up on Friday so will let HWD pause here and see if it can continue to rebound Tuesday. Will need to see it crack through the 18 day EMA (9.65) on the way though as it has kept HWD down for two sessions now.
ICE 10/27 Test BO 106.79 +1.97 105.46 119.95 718K 1.8M 104.94
Current. Gap down Friday, and now the bounce higher that holds. Solid action off the 105 support, but now it is time to carry up on through to the November highs at 110ish. Will see how this one plays out the rest of the week.
ICE 09/16 Flat 106.79 +1.97 97.35 114.94 718K 2.2M 104.94
Current.
IOC 11/09 Test BO 55.90 -0.08 48.81 54.95 1.1M 1M 52.92
Current. Gap lower Friday but actually held up pretty solidly. Looked ready to go Monday with the step higher, but then faded back to flat into the close. Would have liked to see a bit more strength, but still over some support at 55ish with the October peak so going to see if IOC can hold a move up on Tuesday.
JBLU 11/07 ABCD Up 5.51 +0.11 5.33 6.94 8.3M 8.5M 5.21
Current. Continued on up through the 50 day EMA (5.42) here and with solid volume as JBLU finished right at the intraday high. Not in the clear however. Key level here at the 5.50ish level with the 50 day SMA (5.53) and November closing high as well as some resistance from previous months. Will need JBLU to punch through here to show some strength, but will give it a couple of sessions to do so if it can manage to hover in this area.
JOSB 11/10 ABCD Up 40.81 -1.56 43.50 48.88 371K 450K 42.25
Exited. Sold Monday after stalling at resistance Friday so it was time to cut this one loose.
LNCR 10/02 Flag 35.52 -0.04 30.86 35.88 1.2M 1.2M 33.77
Current. Up and down intraday before settling for a neat little side step to a doji. Over light support at the 10 day EMA (35.27) and looks to be holding up nicely at this level. Will see if it can continue from here over the November highs at 36, or if it will need to test some further back at the 18 day EMA (34.66) first.
NFLX 11/03 Flag 58.63 +0.78 56.18 62.55 1.3M 1.8M 57.78
Current. Reach lower and rebounded nicely to finish NFLX solidly higher. Heading in the right direction after the Friday gap down and reach lower that bounced, and will see if it can continue up from here with the solid volume.
NTGR 11/04 Asc Tri 19.85 -0.14 19.05 21.95 317K 450K 20.34
Trailing Stop. It sold some more and we closed it as we did not want to get stuck, but then found support at the 50 day (19.21) and bounced. Going to give is some time off and will see if it sets up again.
OMN 11/21 Pennant 6.62 -0.43 7.30 8.77 644K 650K 6.60
Current. At some support with the 6.50 mark and 50 day EMA (6.70) so did not close it with this step lower. Not crazy about the volume either, but will see how OMN reacts at this level and if it can bounce some.
PFWD 11/23 Flag 15.26 -0.22 15.88 19.55 223K 411K 14.77
Buy Not Hit. Lower again Monday, but did bounce nicely off the intraday low at the 15 mark so giving it more time. Down Friday and then again here, but if it starts back up Tuesday we see what kind of strength the move has.
PII 11/24 Asc Tri 43.63 +0.14 45.54 52.88 308K 500K 43.11
Buy Not Hit. Nice jump off the intraday low to continue holding at the 50 day EMA (43.45). A lateral step after the Friday step lower, and now will give PII a chance to start bouncing here. If it can, we will see if the run higher holds and then look for a buy.
PIR 11/09 Test 50 3.79 -0.24 4.31 5.25 2.2M 3.2M 3.97
Current. Higher volume as PIR popped lower, but decided to leave it as it stuck at the 50 day EMA (3.75). Still in the uptrend if PIR can bounce from here so will look for that on Tuesday.
PLCE 11/18 Asc Tri 31.92 -0.63 34.55 41.45 1.4M 1.4M 32.88
Buy Not Hit. Dropping this one as PLCE sold with volume to below support.
PNC 11/02 Flag 57.01 +1.63 51.77 58.95 4.9M 7.5M 54.11
Current. Gap lower Friday, but right back higher on volume with this move. Just squeaking out a new closing high for November so will see if PNC continues from here or if it will step back down to continue working laterally.
POWR 11/21 ABCD Up 8.25 -0.11 8.19 10.33 112K 200K 7.72
Current. Intraday test of the 50 day EMA (7.88) but bounced back up to finish just slightly lower with the doji. Over some support and bouncing nicely here so will see if this move carries into Tuesday and sends POWR clicking higher.
PRE 11/11 ABCD Up 77.04 +0.21 77.91 84.77 1.3M 1M 75.66
Buy Not Issued. Lateral step with a doji over the 50 day EMA (76.76). Still looking for the buy but not getting it as PRE could not manage anything with the much higher volume. Going to wait it out and see if it can start anything the next few sessions.
QTWW 10/21 ABCD Up 1.25 +0.01 1.19 1.60 1.3M 4M 1.16
Current. Just modestly higher with the doji over the 10 day EMA (1.24). Pretty normal move in this uptrend so will see if volume can pick up Tuesday and boost QTWW up over the 1.30 mark.
RDY 10/02 Flag 24.25 +0.44 19.36 22.95 337K 545K 23.28
Current. Gap up, filled, and then bounced to finish with a doji. At the top of the November trading range but does not look ready to do much more at this point. Still, better volume and looks good at this level so will let it work laterally for a bit and see if it can get moving again.
REP 11/18 Asc Tri 27.60 -0.02 27.92 32.95 195K 525K 26.77
Buy Not Issued. Gap lower and bounce Friday, but not able to move higher from there Monday. Still over the support from the 50 day EMA (27.21) but getting held down by the 18 day EMA (27.76) for now. Will need to see REP hold some gain into the close back towards those prior peaks at 28 before we move in.
TEVA 11/14 Cup hdl 52.79 -0.09 52.83 60.34 4.4M 5.2M 51.44
Current. Gap higher and slid back from there, but closed laterally with a bounce up off the low at the 18 day EMA (52.52). Not able to stick over the 53ish level, but nice reaction at support so will let TEVA continue for now and will see what it can manage from here.
TNB 11/04 Flag 36.50 +0.53 35.84 40.95 577K 870K 36.28
Current. Stepped higher Monday off some support at 36ish before slowing at the 18 day EMA (36.49). Fairly controlled testing back from the 38 mark but now a bounce up off support so want TNB to continue higher here.
TREX 11/02 ABCD Up 17.93 +0.30 16.73 20.98 102K 217K 19.21
Trailing Stop. Bounced but was still below the 50 day EMA (18.09) so closed it.
TROW 11/02 Test BO 48.93 +1.56 49.78 58.55 2.4M 3.6M 48.55
Exited. Gapped down Friday and was struggling again below the 50 day EMA (48.37) so closed it. Managed to rally in that late rebound in the market but still looks bad after that gap.
TXT 11/14 Asc Tri 20.05 -0.03 20.29 27.25 3.1M 7M 19.18
Current. Lateral step here to continue working over the 18 day EMA (19.95). Over the mid November low (19.64) here and looking solid so will let it continue and see if something gets going.
TYC 07/10 Test 50 35.87 -0.13 26.75 31.95 1.5M 5.5M 35.36
Current. Lateral move with a bounce off the low to hold the 18 day EMA (35.89). Support is around 36ish with the October highs so will see if TYC can dig in here and then start drilling higher.
XIDE 11/23 Rev HS 7.50 -0.13 8.19 9.94 886K 750K 7.48
Buy Not Hit. Finished lower Monday, but not bad action really with the test of the 50 day EMA (7.31) that bounced. Will look for this support to hold up and send XIDE higher. Then we look for a move back to the 8ish mark that holds before buying.
XRTX 11/10 ABCD Up 11.27 -0.57 11.34 14.95 134K 400K 10.55
Higher intraday and then rolled back to finish lower at some support over the 11 mark. Not a pretty move at all, but on lower volume and can bounce here so will see if it does just that.
XRTX 11/04 ABCD Up 11.27 -0.57 10.95 14.95 134K 550K 10.91
XTEX 11/19 ABCD Up 6.00 +0.05 5.88 7.11 147K 450K 5.45
Buy Not Issued. Slightly up on Monday and looks decent after the intraday dip that bounced up. Not able to move past the 6 mark, but will see if XTEX fades and reloads at the 18 day EMA (5.94). A bounce up from here and we look at an entry.
YTEC 11/16 Cup hdl 8.02 +0.27 8.22 9.48 178K 125K 7.64
Buy Not Issued. Down intraday but reversed with solid volume to finish back at the 8 mark. Nice run here and if it can continue higher and hold the move we may look at an entry. If it begins to step laterally we will give it a few days to work things out.
ZMH 11/09 Asc Tri 59.17 +0.65 55.52 63.95 2M 3.4M 56.97
Current. Gap up, filled, and then bounced to finish with a doji on higher volume. Right at the prior November high (59.11) from last week so a pretty key level to see if ZMH continues or will fade some.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADSK 11/24 Put 23.45 -0.17 23.69 22.00 3.6M 5M 24.78
Buy Not Issued. Kind of hard to enter here after gapping lower Friday and then showing a doji Monday. Will have to see what it does off this doji. Better would be a test of 24 that fails.
ASH 11/04 BearFla 35.93 +0.27 36.54 31.21 1.1M 2M 38.22
Current. Slightly higher here and not giving up that 35 mark, but still holding under the 10 day EMA (36.25) so waiting it out. Will see if some downward pressure from the moving average can start ASH breaking lower again.
FLR 11/24 Des Tri 42.48 -0.59 43.05 40.00 3.3M 4M 44.55
Buy Not Issued. Slipped lower though did not rebound late as did many stocks and it was okay to enter. Decided to wait and see if it tested a bit more so will watch it closely Tuesday.
IWM 11/04 BearFla 58.09 +0.51 58.08 53.00 78M 75M 58.11
Current. Bounced off some support from August and October after the gap lower Friday. There is plenty of resistance at the late August peak around 58.50ish; definitely don't want it over that point. The volume was a bit worrisome though so will watch this one Tuesday.
IWM 09/30 Rollove 58.09 +0.51 61.48 57.55 78M 48M 57.54
Current.
IYT 11/21 Rollove 70.77 +0.22 70.22 65.35 821K 1.2M 72.48
Entered today. Gapped lower Friday and bounced some, then started lower Monday so opened some positions. It bounced and closed positive on better trade will have to see how it plays out over the next couple of sessions but still has that negative triple top pattern.
JNPR 11/06 BearFla 26.13 +0.46 24.84 22.75 6.7M 10M 26.21
Current. More gains on volume here to get back over the 50 day EMA (25.91). May have to close it if it does not show some weakness Tuesday.
MAN 11/21 ABCD Dw 49.26 +0.33 50.16 45.25 614K 1.2M 51.77
Very small gains here and more of a lateral move under the 10 day EMA (49.73). Not a bad little downtrend still and looks ready to turn tail and run lower again Tuesday.
MXWL 11/14 BearFla 16.44 -0.36 17.12 14.11 186K 300K 18.28
Buy Not Issued. Finished lower, but still a bounce off the intraday low so did not move in. Also not really the best level to but so will look for this to kick MXWL a bit higher to test the 50 day EMA (17.25). If it fails there then we look at entering.
NBR 11/24 BearFla 20.65 +0.08 20.51 18.34 5.4M 7.5M 21.62
Current. Up intraday but tapped the 50 day EMA (21.04) and quickly turned lower. Not breaking down yet, but looks weak at resistance so will give it time.
QID 11/19 BearRev 21.22 -0.03 21.47 23.98 13M 20M 20.32
Current. Lateral step here to hold over the 10 day EMA (21.06). Not much of a mover so will watch it a bit here and see how it plays out over the next few sessions.
RIMM 11/12 BearFla 57.89 -0.25 62.66 55.45 13M 22M 61.11
Gap lower Friday and stalled at the 10 day EMA (59.54) as it tried to fill here. Got knocked back down to finish with a doji and will see if this was what RIMM needed to start it lower again.
ROST 10/20 Put 43.98 -0.31 45.58 41.75 2.1M 2M 44.65
Current. Slightly lower on the day, but not giving up the late October, prior November lows by any means. Want to see it continue down from here to start something, but with that bounce off the intraday low it may not happen Tuesday.
SPY 11/10 BearRev 109.94 +0.37 108.98 106.95 161M 200M 110.42
Current. That low was a one trade dip that was way outside the bid ask; it never came close to that price but for a split second or else we would have taken some gain. So now we watch as it holds over the 18 day EMA (109.56) and see if it can show some weakness from here.
VMI 11/11 Put 76.64 +0.53 76.30 71.65 228K 450K 77.55
Current. Higher Monday, but still holding beneath the 10 day EMA (76.69) at the close. Nice downtrend and looking for VMI to stall here, or stall with a reach just slightly higher.
WMS 11/18 Put 38.88 -1.26 42.87 38.55 1.2M 1.4M 39.24
Held over the 40 mark last week, but plunged through there with higher volume Monday. Still near that August gap higher (39.01, opening), but looks weak and ready to continue lower.
End part 2 of 3
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