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us stock market, top stock pick
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 ECONOMY VIDEO CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/Economy.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 195.86 +1.13 138.55 149.91 25M 23M 207.91
Current. Bounced but not much of one and it is showing a hanging man doji as it tests a really congested area. Not showing a ton of strength so have to decide if you want to hold onto these positions that were bought at a much lower price. Can always sell some calls on the position if it starts to roll back down. Will see what it does.
AAPL 04/15 Test 20 195.86 +1.13 119.69 132.77 25M 25M 207.91
Current.
AMED 01/30 ABCD Up 58.83 +1.76 57.05 67.95 1.6M 1.5M 54.77
Current. Gap lower to start, but bounced right back up to close solidly higher. Volume stuck above average, and this move held everything into the close. Like this action after picking it up, and now just seeing how it continues.
ASH 01/27 Asc Tri 43.68 +0.45 42.69 49.89 1.2M 1.5M 40.31
Current. Slipping higher for the second day of gains, and trying to get through the resistance between 42-44. Volume did back off Tuesday, but remained around average so this one will looks good. Just letting it continue after the strong Monday bounce.
BBBY 01/23 Test 50 40.04 +0.71 40.14 46.25 2.8M 4.2M 38.77
Buy Not Issued. Second day of gains with this bounce up from the 50 day EMA (39.09). This is just what we wanted to see as it also worked over the December highs and held them. Now just want to see it continue and we can look for the buy.
BWLD 01/26 Test BO 47.39 -0.27 46.35 53.35 390K 600K 45.39
Current. Short gap up and then faded to close just barely negative. Not too worried with this move, but is showing that the January high (47.91 opening) will come into play as resistance. Will see how BWLD handles this level over the next session or two.
BWLD 01/07 Rolling 47.39 -0.27 40.62 44.00 390K 500K 45.58
Current.
CMG 01/26 Test BO 100.85 +0.47 98.45 110.00 484K 550K 96.22
Current. Strong bounce Monday and just slightly higher Tuesday. Still, holding over the January peaks with a good bounce off the intraday low. Acting just as it should so letting it run.
CMI 01/13 Flag 51.09 +4.15 52.69 62.75 8.4M 3.2M 49.89
Current. Announced solid earnings and gapped much higher. At a key level, though, as it broke over the October peak (51.55 opening) with the intraday high and then faded. If it continues we want to see it take out that level; if it waffles after this move then it likely is not going to take it out near term.
CVD 01/28 Cup hdl 57.10 -0.08 59.56 69.88 738K 1M 55.82
Buy Not Hit. Continuing to hold over support from the 18 day EMA (57.09), but not doing much else. Dropping it for now, but will watch it.
DNDN 01/21 ABCD Up 29.75 +0.53 29.54 33.48 1.5M 3M 27.88
Current. Surged strongly for the second session with a nice bounce up fro the intraday low. Getting to a very key level at 30ish, though, and volume did drop back to below average. Will have to see if DNDN can take out this level with further upside.
FLIR 01/07 Flag 30.08 +0.18 32.94 37.45 929K 1.9M 31.77
Current. Modest bounce for the second day of gains, but did see volume fall further below average. Moving in the right direction, though, so will see how it moves at the very key level with the Nov/Dec peaks at 3.50ish. Very important to see strength there.
GIS 08/07 Test BO 71.03 0.00 58.59 67.42 3.8M 4M 69.91
Current. Higher and lower intraday before settling flat at the 18 day EMA (71.12). This is a better looking move, though still have to watch it with the spiking volume. Want to see the hold over 70 support, and then the bounce up to take this one past key 72 resistance.
GLD 02/01 Dbl btm 109.13 +0.78 108.87 118.00 14M 24M 104.97
Buy Not Issued. Gapped higher and could do nothing after that as it closed with a doji. It is over the 50 day EMA (108.70), but its lack of movement to the upside after it gapped higher was not convincing enough. If it tests and holds the move and then starts back up that is a better indication.
GLW 01/27 Test 50 18.71 +0.55 18.66 23.44 18M 20M 17.78
Buy Not Issued. Nice. Turned up off the Monday doji and shredded through the 50 day EMA (18.51) with heavier volume. Held the move into the close, and now just want to see if GLW can continue before we move in.
GMCR 02/01 Test BO 86.08 +1.67 86.12 99.88 1.2M 2M 80.91
Entered today. Tested down to the 10 day EMA (83.36) with the Monday doji, and with the turn back higher Tuesday we were able to pick it up. Held the entire move into the close, and looks ready to heat things up.
INCY 01/23 ABCD Up 10.93 +0.30 9.78 11.65 2M 4.2M 10.04
Current. Stepped higher Tuesday, but not a convincing move with the below average volume. Bumping its head against resistance from the January high at 11 also, so will see how INCY reacts Wednesday. May try to test for a couple sessions before breaking higher again and that is ok.
IPAR 01/29 Test BO 13.21 -0.04 13.52 16.00 93K 150K 12.48
Buy Not Hit. Tapped the 13 mark with the intraday low and then bounced back to finish with a doji. Very nice test shaping up, and will see how it continues to act over this support level. At this point, just waiting for a bounce to get things moving.
ISRG 01/28 Test BO 335.59 +6.94 335.64 374.75 475K 700K 325.68
Entered today. Great looking doji over support at the 10 day EMA (328.60) Monday, and gave us the buy with the Tuesday bounce. Working along exactly how it should, so will see if it continues the textbook bounce higher Wednesday.
MTL 01/23 Test BO 22.76 +0.64 22.77 26.00 3.2M 4M 21.18
Buy Not Issued. Gapped over the Oct/Nov peaks at 30, filled back, and then bounced to finish with a doji. This was a good second day of gains. Now want to see the move stick and have MTL run further. If it can show serious strength, then we can look at adding positions.
MTL 01/08 Asc Tri 22.76 +0.64 22.68 26.00 3.2M 4M 23.08
Current.
NKTR 01/29 Test BO 11.88 +0.54 11.88 13.97 836K 1M 11.05
Entered today. Great looking test back that started mid January, and ended Monday with the doji over the 18 day EMA (11.22). Volume surged as NKTR jumped and we picked it up. A solid jump off support to start things.
PNRA 01/26 Test BO 73.72 +0.28 71.97 79.50 645K 650K 70.08
Current. Grinding higher as PNRA tries to work past the January peak (73.41). Volume held above average, and do like the intraday test lower that bounced right back up. This one does look set to start clicking higher again from this level.
RIMM 01/13 Pennant 65.62 +1.56 66.11 79.94 12M 22M 62.87
Current. Climbed back higher after pausing for two sessions, and closed up over the 50 day EMA (64.53). This was a positive, but now it is time for RIMM to continue. Will see if it can carry on higher Wednesday.
SII 02/01 Cup hdl 31.70 +0.12 32.04 38.94 4.6M 8.2M 29.81
Buy Not Issued. Jumped Monday, but held off the buy Tuesday with the finish off the intraday high. A good level to buy, though, so giving it time to play around at this point. Just want to see the jump over the 32 mark that holds before moving in.
SOA 01/28 Rev HS 14.16 +0.16 14.16 17.94 1.7M 1.8M 12.96
Entered today. Gap up, tested well lower intraday, and then reversed strongly into the finish. Good action as SOA works over 14 support, so went ahead and bought it. This one is primed to run.
TEVA 01/29 Test 50 57.58 +0.92 57.59 64.32 3.6M 6M 53.56
Entered today. Bounced over key support Monday, and gave the buy as it continued to run Tuesday. Closed back over support at 57ish, and is ready to continue. Just letting it play now.
TLB 01/23 Cup hdl 12.69 +0.45 11.04 13.78 5.3M 2.4M 11.77
Current. Gapped, surged strongly, and then gave up most of the move to finish with a doji. Still a solid move up, and did work higher after hours as well. As it has cracked through resistance at the 12 mark, just letting it run and will see what it can manage Wednesday.
WBSN 01/21 DB hdl 19.41 +0.82 19.36 23.44 750K 450K 17.97
Entered today. Moved in today with the strong jump on spiking volume. Revenues missed, though, and WBSN has backed up after hours. Still holding over the late January consolidation at 18.50, though, and still think it can make the run up. Will see if it can get things started again Wednesday, but watching it.
XRTX 01/27 ABCD Up 13.82 +0.13 14.22 19.38 720K 450K 13.41
Buy Not Hit. Tested much lower intraday and then bounced to hold up again over the 50 day EMA (13.68). Nice doji and that might just be the shakeout XRTX needs. Will see if this can spark things again.
XTEX 01/29 Pennant 9.80 +0.40 9.84 11.85 200K 525K 9.02
Buy Not Hit. Short bounce up off the 18 day EMA (9.34) but volume was still down below average. Going to let it continue working in the pennant pattern, though, and ready to move in if it starts to make a run higher.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CAT 02/01 BearFla 53.55 +0.61 52.83 48.91 7.7M 11M 54.43
Buy Not Issued. Drifting higher with this hanging man doji on light volume. Will see if it can begin to turn back down off this doji, or if it tests closer to 55 before stalling. Ready to buy it if it starts to sell back down.
COH 01/26 BearFla 35.73 +0.46 34.85 32.05 4.7M 5.5M 35.88
Current. Getting dicey as COH bounced up to the 50 day EMA (35.66), this time with better volume. Serious resistance at 36ish though, so will see if it can fail now and turn back down. If it continues to bounce will have to look at shutting it down though.
CTSH 01/28 HdShldr 45.17 +0.48 43.72 41.05 3M 4.5M 46.11
Current. Bounced modestly back to the 50 day EMA (44.97) but volume did hang in below average. Still, not the greatest action as CTSH climbed so will watch it. This would be a good place to turn down; if it continues, want to see it hit the right shoulder at 46 and fail.
HMSY 01/29 BearFla 45.83 +0.22 44.98 42.00 250K 345K 47.21
Buy Not Issued. Drifted higher with this doji that tapped the 50 day EMA (46.42) on the intraday high and then faded back. Still struggling with this action, so just waiting for the play to come to us with a break lower.
JPM 01/29 BearFla 40.55 +0.92 38.70 35.21 46M 55M 40.39
Buy Not Hit. Continued to bounce and moved up through resistance with the 200 day SMA (39.96). Dropping it.
LH 01/27 BearFla 72.60 +1.00 71.93 68.88 1.3M 1.3M 73.98
Bounced again with volume edging just slightly higher. Did hold under the 10 day EMA (72.69), but looking stronger than we want it. Time to forget about this one.
MFLX 01/23 Put 23.20 -0.48 24.22 22.00 282K 175K 24.32
Current. Fell for the fourth straight session and with heavy volume. Still working on getting below the mid January gap down (23.29 open), and doing a good job thus far. Earnings are Thursday, so will see what kind of fall MFLX can take before then, and how we want to play it ahead of news.
PCLN 01/28 Rollove 204.42 +0.22 196.62 185.00 608K 1.8M 207.31
Current. Trying to work higher with this hanging man doji, but holding firmly under the 50 day EMA (207.03) still. Also a resistance level with the mid January action, so giving this one more time to tumble.
SLAB 01/23 BearFla 44.35 +0.47 43.87 40.77 1.3M 850K 42.88
Current. Surged quickly but tapped the 50 day EMA (45.14) and reversed right back down. This is ahead of earnings tomorrow, so paying close attention to this one. Will see if it can show weakness, but will be wary if it tries to bounce on news.
SLB 01/26 Dbl Top 66.12 +1.33 65.22 62.11 8M 10M 64.77
Current. Didn't give us much to work with as it gapped higher, and then eased up into the close. Right at the December and late January highs at 66 though, and this is where it needs to fail. Will see if it turns back down Wednesday to keep things in shape.
SLH 01/25 Rollove 32.83 -0.18 33.65 32.00 483K 550K 34.22
Target Hit. Sold sharply down to support at 32ish so took gain before it bounced. Did turn back up quickly to close with a doji, so may not be able to fall further Wednesday. Will see how it plays out, and how earnings on the fourth affect it.
TRLG 01/23 Rollove 19.60 +0.24 19.54 17.54 469K 750K 20.18
Current. Still working along laterally over the 19 mark, but bouncing now with higher volume. Not the action we want to see. If it continues to bounce we will close it out.
WSM 01/25 Rollove 20.05 +0.35 19.60 17.55 1.5M 3M 20.44
Current. Bounced again, but volume did stay below average with the move. Also running into resistance at 20 with the late January levels, so giving it room to play. This is where we want it to hold, and will see if it can begin to slip back Wednesday.
End part 2 of 3
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