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us stock market, trading system
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 192.05 -7.18 138.55 149.91 27M 23M 207.91
Current. Sold back with volume up to just over average. Watch for 190 as the key point for sales of calls and indeed for the stock positions remaining. If it holds there then buy them back. Will likely try to pause and hold given it is solid support, but lots of downside pressure right now so support levels are suspect on most stocks.
AAPL 04/15 Test 20 192.05 -7.18 119.69 132.77 27M 25M 207.91
Current.
AMED 01/30 ABCD Up 54.61 -3.09 57.05 67.95 1.7M 1.5M 54.77
Current. Gapped and sold off, but managed a decent rebound off the intraday low so left it. Bounced off the same level as the late January, early February intraday lows so there is support. Not the greatest action though, so will have to see if it can manage any kind of rebound. If it gets back to the February high (58.83) and stalls under that level, it is likely set to head lower.
ASH 01/27 Asc Tri 41.94 -1.72 42.69 49.89 1.1M 1.5M 41.44
Current. Big finish off the intraday high Wednesday, so not shocker with the step lower Thursday. Volume did edge to just below average and ASH is holding support over the early January high (41.61) and 18 day EMA (41.60). This is the range of support that needs to hold. Will see if it can manage some kind of bounce Friday, but watching it in case it begins to sell further.
BBBY 01/23 Test 50 38.64 -1.25 40.14 46.25 2.5M 4.2M 38.77
Buy Not Issued. Worked laterally at key levels with the December highs and 50 day EMA (39.10) but gave it up with the Thursday selling. Dropping it.
BWLD 01/26 Test BO 46.01 -1.36 46.35 53.35 239K 600K 45.39
Current. Third day of testing, and now a bigger move down to hold support with the late January low (45.70) and 18 day EMA (45.69). This is the third move down from the January peak at 48, and now will see if BWLD sticks. If it can bounce up, fine. If it continues to head lower through support will have to look at shutting it down.
BWLD 01/07 Rolling 46.01 -1.36 40.62 44.00 239K 500K 45.58
Current.
CMG 01/26 Test BO 98.51 -1.87 98.45 110.00 571K 550K 96.22
Current. Volume ticked up with this step lower, but managed a bounce off the intraday low over support with the August, September highs. Also holding over the 18 day EMA (97.31) with the downside so letting it play out. Will see if it can hold up Friday.
DNDN 01/21 ABCD Up 29.02 -1.41 29.54 33.48 3M 3M 28.98
Current. This one has actually had a strong three day run higher through Wednesday, but after hitting the January high (30.36) it has turned back down. Volume has also continued to swell, but it did bounce off the intraday low at the 18 day EMA (28.83) with this downside. This is the support that needs to hold. Will see if it can to keep us in the play.
GIS 08/07 Test BO 69.00 -1.54 58.59 67.42 4.1M 4M 69.91
Current. Had bounced decently over 70 support Wednesday, but gapped and sold off Thursday. Holding at the top of the December trading range at 69ish so will see if it can bounce somewhat with short covering. If it bounces and stalls at 70, close it. If it does not manage a bounce will also close it.
GLD 02/01 Dbl btm 104.37 -4.33 108.87 118.00 40M 24M 104.97
Buy Not Issued. Gapped and sold off hard as gold tumbled. Dropping it for now.
GLW 01/27 Test 50 18.25 -0.70 18.66 23.44 17M 20M 17.78
Buy Not Issued. Bounced for two sessions previously, but now a turn lower Thursday. There is solid support at the 18 mark, so will see if GLW bounces over that level Friday. If it can, we will watch it for a few more sessions.
GMCR 02/01 Test BO 82.68 -3.07 86.12 99.88 752K 2M 80.91
Current. A turn lower Thursday but volume was below average as it held the 18 day EMA (82.29). Also at the top of the early January trading range at this level, so will see if it can hold. If it does bounce and gets back to 85 and stalls, will have to watch closely.
INCY 01/23 ABCD Up 10.01 -0.61 9.78 11.65 3.1M 4.2M 10.04
Current. Fell for the second session with volume higher to average. Not great action, but if it can hold we will leave it. Still, have to watch it with this lower February peak and lower MACD. If it cannot bounce, we close it.
IPAR 01/29 Test BO 12.90 -0.25 13.52 16.00 70K 150K 12.48
Buy Not Hit. Gapped down, surged to fill, and then closed back with a doji at the 10 day EMA (12.91). Also holding the 13ish support with the October, November, December peaks. Held up decently considering the day, so will see if it can bounce up after this test.
ISRG 01/28 Test BO 321.20 -11.04 335.64 374.75 567K 700K 325.68
Current. Slipped back with consistent, average volume to hold near the 18 day EMA (323.28). Will see if it holds this support, but may try to fill back to the top of the early January range (311.84). Really do not want to see that. Will see if it can show a bounce Friday, but wary if that bounce stalls.
JOSB 02/02 Trnd Rv 40.71 -0.86 43.28 49.94 252K 425K 41.34
Buy Not Hit. Sold back to more serious support at the 200 day SMA (40.55) so dropping it.
KND 02/03 ABCD Up 16.34 -0.84 17.68 23.38 263K 450K 16.49
Buy Not Hit. Gapped and then sold through the 17 support so dropping it. Not able to get in at this level, so will have to give it time to test first.
MR 02/02 Test 50 35.02 -0.88 36.26 41.95 856K 1.4M 33.91
Buy Not Hit. Bounced up to the 36 mark early in the week, but a turn back lower Thursday. Nothing new there, and holding various support with the December high (34.85 open) and 50 day EMA (34.63). Letting it work over this strong support, and will see if it can show life with a bounce.
NKTR 01/29 Test BO 11.28 -0.67 11.88 13.97 887K 1M 11.05
Current. Popped lower to the 18 day EMA (11.29) to close at support. Volume has moved higher to average, but NKTR bounced from this level earlier in the month. Will see if it can do the same Friday. If it can bounce Friday we leave it, but if not we want to see a hold in this range.
PLXS 02/02 Test BO 31.68 -1.66 34.28 42.45 351K 425K 32.89
Buy Not Hit. After great testing starting late January, PLXS sold quickly Thursday. Now seeing if it will test to the January gap up (31.48 open) and bounce there.
PNRA 01/26 Test BO 71.30 -2.77 71.97 79.50 831K 650K 70.77
Current. After climbing for a few sessions just over the January peak, PNRA cooled off with this step down. Holding the 18 day EMA (71.01) and late January levels though so left it. Will see if it can hold in this range Friday and manage a bounce. If it gets back to the prior highs just over 72.50 and stalls will have to be careful.
QID 02/03 Flag 21.63 +1.18 20.53 22.39 29M 20M 20.12
Buy Not Hit. Gapped and rallied with stronger, above average volume. Will see if it tests Friday on QQQQ short covering that gives us an entry as it bounces.
RIMM 01/13 Pennant 66.17 -1.69 66.11 79.94 18M 22M 64.48
Current. Bounced solidly for a few sessions, but turned back lower Thursday. Typical move in the market, and holding support with the 50 day EMA (64.72). Will see if it can stick over this key 65 level and bounce to keep things in shape.
SDS 02/03 Test 50 38.03 +2.21 36.02 37.78 67M 42M 35.32
Buy Not Hit. Another one that gapped and rallied into the close. Also seeing if it tests Friday with short covering and see if we can use that for an entry. Looking for a test back to 37.50 or better before moving in.
SII 02/01 Cup hdl 30.35 -1.20 32.04 38.94 4.9M 8.2M 29.81
Buy Not Issued. Gapped and sold back to close at the 18 day EMA (30.47). There is support at the 30ish level with old highs, though, so seeing if it can make a stand at this level. If it does, will look at it longer.
SOA 01/28 Rev HS 13.55 -0.55 14.16 17.94 2.6M 1.8M 12.96
Current. Gave up the good 14ish support with this step back on higher volume. Bounced modestly off the intraday low at the 18 day EMA (13.37) though so left it on. Will see if it can bounce at this level, or if it tries to move back to more support at 13 before bouncing.
TEVA 01/29 Test 50 57.92 +0.13 57.59 64.32 7.4M 6M 55.44
Current. Higher and lower intraday before closing, and this one actually finished in the green. Volume did spike much higher, but as it holds over the 18 day EMA (57.28) we are letting it run. Will see if it can make a move, but also watching in case it stalls under 59ish resistance.
TLB 01/23 Cup hdl 11.03 -0.79 11.04 13.78 1.9M 2.4M 11.77
Current. Second day lower but now holding key support at the 11 mark with January highs and 18 day EMA (10.94). Do not like this action, but left it as it can bounce. Indeed, it needs to bounce at this level to keep us in the play.
WBSN 01/21 DB hdl 19.37 -0.18 19.36 23.44 692K 450K 18.38
Current. Short gap lower, and finished there with a doji after moving higher and lower intraday. This one held up pretty solidly considering the day, so will see if it can hold up Friday. If it does suffer from downside Friday, want to see it hold over the January consolidation at 18.50ish.
XTEX 01/29 Pennant 9.64 -0.41 10.01 11.95 376K 525K 9.31
Current. Fell back Thursday, but a bounce off the intraday low at the 18 day EMA (9.44). Holding up solidly for now but still not able to move through the January highs at 10ish. Will see if it can hold this level for now, and see if it can bounce next week.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BTU 02/02 BearFla 41.10 -2.97 44.18 40.55 9.9M 7M 42.55
Target Hit. Took a small part of the gain posting a 45% or so gain in less than a trading day. A high volume gap and selloff, and now seeing how far the rest will fall. May get a modest bounce from short covering, but there is resistance at 42.50ish where BTU can fail.
BUCY 02/02 BearFla 51.09 -4.15 54.96 50.04 3.2M 3.4M 56.44
Buy Not Issued. This is one I was kicking myself over as were just about to enter but held off and now it has gapped away. Will have to see if it can test, but dropping it until then.
CAT 02/01 BearFla 51.40 -1.99 52.83 48.91 12M 11M 54.43
Buy Not Issued. Gapped away from us and then sank further into the close. May get a modest bounce Friday, and if it can test far enough and fail we can move in. Ready to move in if it tests far enough, but we will see.
COH 01/26 BearFla 34.47 -1.02 34.85 32.05 5M 5.5M 35.88
Current. Jumped lower away from resistance at the 50 day EMA (35.60) as volume remained average. Moving down from the line of resistance just as it should, so now seeing how it can continue down to the January low (33.84 open).
CTSH 01/28 HdShldr 43.12 -2.05 43.72 41.05 4.1M 4.5M 45.32
Current. After working along resistance with the 50 day EMA (44.91) CTSH has fallen solidly away from there. Held all the losses into the close, and this one looks ready to fall further. Will see if CTSH can fall below the December low (43.12) Friday.
EEM 02/02 BearFla 37.62 -1.78 39.21 37.29 132M 90M 40.88
Buy Not Hit. Gapped and sold away from us so have to drop it. Will see if it can make a test, and then we may look at it again.
GS 02/03 BearFla 150.68 -6.55 156.73 149.32 19M 16M 161.22
Buy Not Issued. Another gapper that sold away. Not able to buy at this level so dropping it.
HMSY 01/29 BearFla 44.05 -0.94 44.98 42.00 198K 345K 47.21
Buy Not Issued. Gapped and sold off again so time to drop it. If it can test enough, may put it back on, but we will see.
ICE 02/03 BearFla 95.57 -4.24 99.48 94.65 1.9M 1.4M 101.91
Buy Not Issued. Couldn't take the heat and melted back quickly. At support now, so will see if it can bounce to test. Dropping it until then.
MFLX 01/23 Put 22.74 -0.70 24.22 22.00 224K 175K 23.65
Current. Started higher intraday before rolling to finish negative, and now is much lower after hours. After hours action was on earnings, which weren't bad, sent MFLX to 21.67. That is to our target and beyond, so will see how far it falls Friday, and then take part to the bank.
PCLN 01/28 Rollove 200.01 -8.52 196.62 185.00 1.1M 1.8M 207.31
Current. Bounced Wednesday, but fell right back away from resistance at the 50 day EMA (206.81). A plus for the downside, and now seeing if it gives up the 200 mark.
SLAB 01/23 BearFla 44.09 -0.98 43.87 40.77 1.7M 850K 42.88
Current. Gapped lower and then a big bounce Wednesday to finish positive. Turned lower away from the 50 day EMA (45.09) Thursday, and now is holding at the 44ish support. After the recovery Wednesday SLAB is already showing weakness so this one looks better. Seeing if it falls Friday.
SLB 01/26 Dbl Top 62.50 -3.49 65.22 62.11 9.7M 10M 62.77
Current. Strong drop with heavier volume Thursday. On another push lower we take partial gain. Over support at 62, though, so moved the stop for now to preserve the gain if it bounces. Will see how it finishes up the week.
TRLG 01/23 Rollove 18.96 -0.81 19.54 17.54 504K 750K 20.18
Current. This is more like it. Dropped back with higher volume to the 19ish support. Still holding the support, but will see if it can give it up Friday. If it starts to bounce from this level we will watch it, but will give it a chance to fall.
WSM 01/25 Rollove 18.93 -1.06 19.60 17.55 2.1M 3M 19.55
Current. Gapped and sold Thursday after that Wednesday doji at 20 resistance. Holding over the January low (18.98) with this move, but looks like it can continue to fall. Could try to bounce Friday, but if it stalls out it will be very nicely positioned for the downside.
End part 2 of 3
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us stock market
trading system
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