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us stock market, stock watch
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. PART 1 AND THE TRANSCRIPT WILL FOLLOW.
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We have DIVIDED the video into component parts: Market Overview, Technical Summary, Economy, and the Next Session. This allows you to choose the segments you are interested in without having to find the spot in a longer video. Click on the link to the portion you wish to view.
MARKET OVERVIEW
TO VIEW THE MARKET OVERVIEW CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/MarketOverview.wmv
TO VIEW THE TECHNICAL SUMMARY VIDEO CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/TechnicalSummary.wmv
TO VIEW THE NEXT SESSION VIDEO CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/NextSession.wmv
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HTML CONTINUING PLAY TABLE. Click the following link to view the Continuing Play Table in HTML format:
http://investmenthouse1.com/ihmedia/SSRTable.htm
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CONTINUING PLAYS TABLE
* * 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://stocksplits.net/ssr/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 199.29 -8.59 138.55 149.91 42M 23M 207.91
Current. Gap lower and then sank further into the close. Hanging on at this level, but that last bounce was a lower high and failed quickly. Seeing if it will turn back higher, but if not need to protect our positions.
AAPL 04/15 Test 20 199.29 -8.59 119.69 132.77 42M 25M 207.91
Current.
AMMD 12/03 Asc Tri 19.29 -0.47 18.48 21.74 450K 850K 19.67
Trailing Stop. Short gap higher and then sold back to hit our trailing stop. Not worth staying in at this point.
ASH 01/27 Asc Tri 41.92 -0.92 43.03 49.89 1.2M 1.5M 40.02
Buy Not Hit. Testing back off the Wednesday doji and holding nicely over the early January highs and 10 day EMA (41.19). This will give us a better entry when it takes the bounce and then holds the move into the close.
ATW 01/27 Rolling 34.09 -0.74 35.04 40.00 645K 1.2M 33.48
Buy Not Issued. Nice bounce off of 34 support Wednesday, but snapped back to that level with the Thursday downside. Holding the support it needs to, but still seeing if ATW can start to turn higher. Will see what it can do Friday and go from there.
BBBY 01/23 Test 50 39.02 -0.42 40.14 46.25 3.3M 4.2M 38.77
Buy Not Hit. Holding up near the 50 day EMA (39.06) with the short gap down to there, but finished off the much better intraday high. Still a solid test overall with the January gap fill, but now seeing if BBBY can hold the line. If it does and can bounce, then we look at adding positions.
BID 01/08 Flag 23.37 -1.57 23.48 28.68 1.6M 1.2M 23.44
Exited. Held over support solidly Wednesday, but began to sell hard Thursday so bagged it. Did manage a bounce off the intraday low, but still needs time to cool off after this thump lower.
BID 12/01 ABCD Up 23.37 -1.57 19.85 23.88 1.6M 1.1M 23.44
Trailing Stop.
BUCY 01/16 ABCD Up 55.11 -1.85 65.32 73.95 2.3M 3.5M 62.21
Exited. Held over the 50 day EMA (56.57) Wednesday with the doji, but promptly gave it up Thursday. Could never recover the support and it was time to pull the plug.
BWLD 01/26 Test BO 46.11 -0.25 46.35 53.35 217K 600K 45.18
Current. Faded lightly back on the day, but did take a short little bounce off the intraday low at the 10 day EMA (45.70). Holding up over this support just as it should and on lighter volume, so will see if it can turn back higher Friday.
BWLD 01/07 Rolling 46.11 -0.25 40.62 44.00 217K 500K 45.58
Current.
CERN 01/13 Flag 80.27 -2.22 88.92 99.84 706K 1M 85.21
Current. Broke lower to give up the 50 day EMA (82.23), but did manage to hold the November peak at 80 so left it. Needs to bounce at this level or close it down.
CMG 01/26 Test BO 98.62 +0.18 98.45 110.00 494K 550K 94.89
Current. Two sessions of bouncing and now a nice little lateral step. Also like the intraday reach lower that reversed to flat. Still have resistance at 100 to take out, though, so seeing if CMG can do that with just a day or two of further upside.
CMI 01/13 Flag 45.55 -0.86 52.69 62.75 1.5M 3.2M 49.89
Current. A solid reversal off the intraday low Wednesday, but not able to do the same Thursday. It had recovered somewhat and was in better shape 10 minutes ahead of close, showing another hammer doji. That last part of the session was tough on it and others, and now looking for CMI to find a sticking point and bounce. Volume lighter with this downside, so seeing if it can do its job Friday.
CY 12/02 Trnd Rv 10.75 -0.31 10.34 11.96 5M 7M 10.97
Current. Volatile as can be as it gapped higher and then sold off with volume. Did tap the 10.50 mark with the intraday low and bounced so left it on. Similar action last Friday and then CY recovered. Will see if that holds true again, but this move was spurred by a Q4 profit after four previous quarters with losses. Up just slightly after hours and will see if it can digest this news and start to climb back.
DBRN 12/05 Flag 23.68 -0.78 21.78 24.95 811K 1.5M 23.89
Trailing Stop. Short gap higher and then an about face to turn negative. Not able to hold over the 24 support and had to shut this one down.
DNDN 01/21 ABCD Up 28.11 -0.09 29.54 33.48 1.6M 3M 27.68
Current. Higher and lower intraday before settling with this doji over the 50 day EMA (27.88). Holding the line where it needs to, but now waiting for the bounce. Giving it a couple more sessions to turn higher off this support.
FLIR 01/07 Flag 30.00 -0.57 32.94 37.45 2.3M 1.9M 31.77
Current. Breaking lower after working laterally for three sessions along the 50 day EMA (30.66). Left it though as it bounced off the intraday low to hold support at the 30 mark. Not great action, but if it bounces here we will leave it.
GIS 08/07 Test BO 71.95 +0.43 58.59 67.42 3.1M 4M 69.91
Current. Gapped to the top of the December/January range at 72, surged further, and then gave it up to finish with a doji. Tried to bounce, but held firmly under resistance. Not great action and now seeing how GIS holds up Friday.
GLW 01/27 Test 50 18.61 -0.53 19.39 23.44 22M 20M 18.03
Buy Not Issued. Not what we were looking for. Turned strongly higher Wednesday and looked set to move, but then consumed that jump with the Thursday downside. Volume also higher as well, but watching it further as it held the 50 day EMA (18.53).
GMCR 01/25 Flag 87.60 +7.58 82.22 93.72 4.8M 2M 77.98
Buy Not Issued. Gapped out of the pennant on its earnings that were less than expected, but better outlook. Will have to watch for a new entry point if this gap holds, and will see how things pan out Friday as GMCR has faded back slightly to the 87.0 mark after hours.
HUM 11/19 Flag 48.79 -0.23 41.58 46.39 3.3M 3M 47.94
Current. Started to run, but shied back to hold with the doji over the 18 day EMA (48.32). Still looks ready to bounce up from this support, but will see how it works in the days leading up to the 2-1 earnings. If it begins to show weakness, will have to watch closely how the news affects it.
INCY 01/23 ABCD Up 10.37 +0.31 9.78 11.65 2.7M 4.2M 9.54
Current. Liking this action. Paused Wednesday, and then started right back up off the 10 day EMA (10.03) Thursday. This is what we want to see, and will watch what kind of run it can make to the next resistance at the 11 mark.
IVN 01/25 Test 50 14.17 -0.34 15.77 19.48 1.7M 2.8M 14.11
Buy Not Hit. Gave up the 50 day EMA (14.53) with a continued pullback. Not set up for our play and now dropping it.
JOSB 01/12 Flag 42.10 -1.01 44.74 52.95 261K 450K 42.91
Exited. Bounced as it needed to from 42 support on Wednesday. Not able to stick the move and sank back to there Thursday so exited.
LNCR 10/02 Flag 35.38 -0.39 30.86 35.88 851K 1.2M 37.11
Trailing Stop. Broke lower out of the lateral consolidation along the 36 mark so we pulled out.
MTL 01/23 Test BO 20.51 -0.83 22.77 26.00 4.7M 4M 21.18
Buy Not Issued. Bounced off the support at the 20 mark Wednesday, but closed down at that level Thursday. Had looked better, i.e. showing a doji, but the last 10 minutes ruined that as it fell. Back at support and now we see if it has any upside left.
MTL 01/08 Asc Tri 20.51 -0.83 22.68 26.00 4.7M 4M 23.08
Current.
OMX 01/21 Flag 13.47 -0.56 14.31 17.65 1M 2.5M 13.52
Buy Not Hit. Not the greatest action with the slide back lower Thursday. Did manage a very light bounce off the 50 day EMA (13.19) at the intraday low, and was on smaller volume so continuing to watch it. Want to see it get back to the 14 level with upside in the next couple of sessions though.
PNRA 01/26 Test BO 72.01 +0.01 71.97 79.50 458K 650K 69.04
Current. Nice jump Wednesday and now just taking a breather with this side step. A tight little doji, and now seeing if PNRA resumes the upside to climb to that prior January high (73.41). Then we see what it can do there.
RIMM 01/13 Pennant 64.60 +0.89 66.11 79.94 18M 22M 62.87
Current. Bouncing as it needs to but now closing at the key resistance level at 65. A little off the intraday high at the finish, but will see if RIMM can stick the move Friday. If it can work higher, we let it run. If it starts to back down, will have to look closely to see if we let it continue. Will have to watch and see.
TEX 12/29 ABCD Up 20.53 -0.23 20.74 24.92 1.8M 3.2M 21.91
Current. Tapped 20 and rebounded intraday for the second session. Showing life in a weak market so letting it be. Will give it more time and see what kind of recovery it can mount. Will have to deal with the 50 day EMA (21.09) and December high also at that level if it bounces so will have to watch that. Still, looks promising.
TLB 01/23 Cup hdl 10.98 -0.14 11.04 13.78 1.1M 2.4M 10.08
Current. Slightly lower with this doji as it closed off the intraday high, but still working along this late January lateral range. Does look like it could fade, but if it does, will just see if it can stick over the 10 day EMA (10.69) and bounce.
TYC 01/06 Asc Tri 36.10 -0.40 36.94 41.95 3.9M 3.6M 36.54
Current. Earnings decent with an increase in net income, but not much reaction from TYC. Bounced off the low to close at the 50 day EMA (36.15), and barely budged from there after hours (down a penny). Will see how this digests on Friday and if TYC can bounce over this serious 36 support.
VSH 12/28 Test BO 8.06 -0.14 8.44 10.24 946K 1.8M 8.47
Exited. Held up decently Wednesday with the doji, but started to bump lower again Thursday so had to cut if off. Did manage a bounce off the intraday low, but right now not giving it the benefit of the doubt.
WBSN 01/21 DB hdl 18.50 -0.25 19.22 23.44 266K 450K 17.97
Buy Not Hit. Lower Thursday after a Wednesday bounce, but holding support with the January post gap (18.46 opening) level. This is a good place to hold and bounce. If it heads lower again, will have to let it get nearer to 18 before getting a bounce.
XRTX 01/27 ABCD Up 14.40 -0.76 15.48 19.38 337K 450K 14.40
Buy Not Hit. Stepped lower Thursday, but held up solidly over December highs at 14. A nicely formed ABCD pattern with this move, and now looking for stickiness in this area. If it can start to bounce, we look at adding positions.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
COH 01/26 BearFla 34.87 -0.14 34.83 32.05 6.5M 5.5M 35.88
Buy Not Issued. Tried to continue bouncing, but bumped the 10 day EMA (35.32) and reversed back down. Still held up at a decent level, but is set to break lower. Just waiting for the fall lower out of the bear flag to give the buy.
LH 01/27 BearFla 71.04 -1.15 71.93 68.88 1.1M 1.3M 73.98
Solid downside for this one, though volume did fade to average. Still, gave up the 72 mark that it had held for several sessions, and now is moving back to the August (70.75) and October (71.20) peaks. Will see if it can continue to give up the support levels.
MFLX 01/23 Put 24.26 -0.57 24.22 22.00 109K 175K 25.27
Current. Bounced for two sessions to the 200 day SMA (24.70), but now has started to fall back away from the resistance. Held right at the resistance we wanted and now we see if it can break down.
RIG 01/27 BearFla 85.13 -2.16 86.78 81.57 5M 5M 88.89
Buy Not Hit. Gapped up and then a big reversal down. Could not bounce at all off the intraday low and looks ready to fall. Could also let it test back towards the 50 day EMA (86.92) and stall to give a better entry.
SLAB 01/23 BearFla 43.50 -1.12 43.87 40.77 681K 850K 44.82
Current. Good looking fall back with higher, just over average volume. Managed quite a bounce off the intraday low, but still solid downside to give up 44 support. Seeing if it can begin to crumble further now.
SLB 01/26 Dbl Top 64.63 -1.07 65.22 62.11 8.9M 10M 66.31
Entered today. Gapped to the 50 day EMA (65.88), surged, and then flipped and started to sell. Gave us an entry as it started lower away from support and just kept moving. Primed to continue lower, and just seeing if it will.
SLH 01/25 Rollove 33.27 -0.92 33.65 32.00 364K 550K 34.88
Entered today. Bounced lightly Wednesday, and then a swift roll lower Thursday gave the buy. Turned down under the October high (33.70 opening) to give up support, and is set to continue falling.
SNDK 12/22 Rollove 28.78 -1.16 29.05 25.24 16M 12M 28.89
Current. Gapped and rolled over to close negative on the day. Then announced solid earnings, but a poor Q1 outlook after hours and fell another $1.83. A serious blow to SNDK, but now is holding a short ways over the 50 day EMA (26.69). Will see if SNDK can continue to tank Friday or if it can manage to hold over the moving average.
TRLG 01/23 Rollove 19.28 -0.33 19.54 17.54 329K 750K 20.18
Current. Bounced Wednesday, but a nice reversal lower Thursday. Still holding up over the 19ish support, but showing weakness. Thus, will let it play further ahead of the 2-3 earnings.
WSM 01/25 Rollove 19.55 -0.49 19.60 17.55 2M 3M 21.04
Entered today. Lower Wednesday and just kept falling Thursday so moved in. Not able to bounce off the intraday low at all, and looks ready to carry lower away from the support at the 20 mark.
End part 2 of 3
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