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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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The Market Summary video is DIVIDED 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:
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TO VIEW THE TECHNICAL SUMMARY VIDEO CLICK THE FOLLOWING LINK:
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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 including additional information, e.g. option tickers, after hours pricing
http://investmenthouse1.com/ihmedia/SSRTable.htm
CONTINUING PLAYS TABLE
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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 202.00 +1.34 138.55 149.91 24M 23M 207.91
Current. Gapped down with the rest, but fought back hard with volume to close over the 50 day EMA (200.62). Rumors of a 4:1 split at the shareholders meeting, but nothing came of it. Enough to send things running higher and as AAPL is showing strength we will see how it finishes up the week.
AAPL 04/15 Test 20 202.00 +1.34 119.69 132.77 24M 25M 207.91
Current.
ABVT 02/19 Flag 61.46 +0.21 62.08 69.95 41K 175K 59.57
Buy Not Issued. Tested to the 50 day EMA (59.99) and then bounced to just squeeze out gain. Acting as it should at this support level, and now we see if it can continue. Further upside will take ABVT up past the five day lateral move and then we see if that sticks. If it does, then we look at a buy.
AET 02/18 BullRev 29.97 +0.41 29.94 34.91 7.3M 8.2M 27.84
Entered today. Tested at 29 and then rallied with stronger, above average volume. Held all the gain into the close and good enough for a buy Thursday. Now we see how it continues Friday.
AMED 01/30 ABCD Up 57.48 -1.78 57.05 67.95 1.1M 1.5M 56.56
Current. Gapped lower but not able to bounce back as much as others. Did manage to bounce modestly off the intraday low though, and is still hanging in near the 18 day EMA (57.75). Not the best action over the previous four sessions, but going to see if it holds this support now. If it can start to rebound we will let it be.
ANN 02/05 Flag 16.31 +0.35 15.12 17.65 1.9M 3.2M 14.42
Current. Opened at the 10 day EMA (15.57) and then rallied rack to close solidly higher. A good break past that 16ish level or resistance, and now we see if it can stick. If it can, ANN could really start to run.
ASH 01/27 Asc Tri 47.16 -0.10 42.69 49.89 1.4M 1.5M 44.21
Current. Tapped the 10 day EMA (45.64) with the intraday low and then bounced back to finish flat. Not able to continue after strong Wednesday bounce, but doing a good job of holding its ground. Will see if ASH can stick to this new level and then start to angle higher again next week.
ATI 02/18 ABCD Up 43.12 +0.13 45.34 51.91 1.9M 3M 42.17
Current. Reached lower intraday, but managed a solid bounce to hold onto the 50 day EMA (42.47) at the close. Doing its job by sticking at this support, but now we want to see more. Looking for continued strength with upside on Friday.
ATW 02/16 Rolling 32.96 -0.52 34.21 39.45 1.6M 1.3M 32.03
Buy Not Issued. Still looks good after this short step down. Long reach lower intraday to the 200 day SMA (32.17) but rallied back with strong volume to finish with a doji. Just letting ATW continue to work along this February lateral range and giving it more time to start rolling higher.
BWA 02/24 Asc Bse 38.02 -0.12 38.62 44.88 1.2M 1.8M 36.31
Buy Not Hit. Intraday test to support with the 18 day EMA (36.92) and then bounced back up to close right at the January and prior February highs. Holding firmly against this resistance level, but now we see if it can continue to move through. If it does continue higher over the 38 level then we look at a buy.
CMG 01/26 Test BO 103.82 -1.02 98.45 110.00 217K 550K 99.97
Current. Gapped lower, but a nice hold with this doji at the 10 day EMA (103.40). Not an unexpected move after running to the top of the February range Wednesday, and still holding light support to stay in shape. Letting this one play longer as it is still in a great place to run from.
CMI 02/24 Flag 56.03 +0.08 56.31 64.85 2.2M 3M 53.88
Buy Not Hit. After three days of testing, CMI gapped lower to the 18 day EMA (54.25) Thursday, but then battled back to finish flat. May get the buy out of it with this big reversal showing serious strength so keeping an eye on it. Not normally looking for a Friday buy, but not going to rule it out if it can show enough strength.
CNMD 02/04 ABCD Up 21.88 -0.27 22.89 26.45 53K 265K 21.56
Buy Not Issued. Gapped lower, surged back up, then flipped right back down to finish with a doji. Not what we want to see at all, but it is holding with the prior February low so we are continuing to watch it. This is where we want to see CNMD start to recover.
CRL 02/24 Cup hdl 37.80 +0.07 37.84 43.88 568K 1.2M 35.67
Buy Not Issued. Slight upside with the gap lower and rebound back to close. Not able to continue after that Wednesday bounce so went ahead and laid off the buy. Will see if CRL can stick, and then would like stronger volume with continued gains before we move in.
DNDN 01/21 ABCD Up 30.97 -0.07 29.54 33.48 3.3M 3M 30.48
Current. This is more like it with the intraday reach to the 30 support that bounced back to close. Holding up at the 18 day EMA (30.75) after testing solid support and looks like it can turn things around now after three questionable days. Will see if it does Friday.
EAT 02/08 Test BO 18.17 +0.03 16.81 19.91 1.2M 2.8M 17.24
Current. Started lower, but turned things around nicely at the close to finish just barely positive. Nothing more than working laterally still, but that is good enough for now. Now will see if EAT can start to ride the rising 10 day EMA (17.91) higher.
F 02/23 Asc Tri 11.78 +0.05 11.77 14.22 83M 95M 10.95
Current. Opened lower at the 10 day EMA (11.46) but a nice recovery with the market to squeak out a little gain. Holding its ground as it should and still locked in the uptrend. Looks good to continue higher but just seeing if it will now.
FIRE 02/22 Flag 23.41 -0.39 24.38 28.00 593K 400K 22.71
Buy Not Issued. Gapped up, surged further, and then rolled back to finish down on the day. Volatile but did bounce off the low and hung around the 50 day EMA (23.48) support so left it on. Still need to see more life out of this one and getting shaky if things stay volatile. Will see if it can show any life with a calmer move to hold support.
FNSR 02/13 DB hdl 12.19 -0.07 11.75 13.97 634K 1.2M 11.24
Current. An easy lateral step Thursday after that Wednesday bounce, and a pretty decent test intraday to the 10 day EMA (11.83) before bouncing. Just continuing for the seventh day in this lateral consolidation, and giving it time now to start moving up and out. Still looks good to make a further move.
GMCR 02/01 Test BO 83.90 -0.56 86.12 99.88 1M 2M 81.94
Current. Gapped lower, but the doji held the 10 day EMA (83.13) after bouncing up off the intraday low. Continuing along with this lateral action for a couple weeks now and just waiting for GMCR to make its move. At this point we can wait longer to see if it will.
HOLX 02/04 Test BO 16.93 +0.36 16.51 19.91 7.6M 5M 16.11
Current. Opened at the 10 day EMA (16.32) and then exploded higher to clear past the early February peak (16.58). This is the kind of action we want to see, but now we see how it deals with the October high (16.92). If it can continue to crack past there, it will be very strong indeed.
HUM 02/05 ABCD Up 47.13 +0.22 47.69 54.55 2.1M 3.5M 45.44
Current. Short step higher and doing its job as it continues to work along the 50 day EMA (46.25) support. Still has not made the nice break higher, but as it continues to hold this support we are giving it more time to do so.
ILMN 02/10 ABCD Up 36.47 +0.33 36.53 40.97 2.2M 4M 34.42
Current. Stronger volume as ILMN reached to the 50 day EMA (35.25) and then bounced solidly higher. Still holding at the 10 day EMA (36.42), but a more powerful move after the test and ILMN looks ready to continue. This could be the move that sets ILMN off on the new leg higher.
ISRG 01/28 Test BO 343.81 -0.40 335.64 374.75 374K 700K 334.88
Current. Tested to the 18 day EMA (335.95) and then bounced smartly to close the day flat. Looks good as it continue along the uptrend and never really took part in the selling a couple days back. Will see how ISRG moves forward now after this test and bounce.
JOYG 02/13 Test 20 50.23 +0.71 49.05 55.00 2.6M 4M 48.08
Current. Lower at first and then rebounded quickly higher into the finish. Still under the resistance at the 50 day EMA (50.65), but held the entire move into the close to show strength. Looking better now, but this is when JOYG needs to keep up the good work.
MJN 02/09 Asc Tri 46.88 +0.58 47.21 54.55 2.2M 6M 45.54
Buy Not Hit. Bumped higher off the 46 support and then held most of the gain into the close. Still snugged up against the February highs, but after testing for a couple sessions MJN could be ready to make the break. Will see if the bounce continues Friday to do just that.
MR 02/02 Test 50 37.01 +0.01 36.94 41.95 460K 1.4M 35.78
Current. Third day at this level, and another doji after testing to the 18 day EMA (36.57) and bouncing. Working just fine at this level, but still waiting for something to happen. Going to let it pause a few sessions longer if it needs to as it is still primed for a bounce.
MTW 02/19 Cup hdl 11.53 -0.05 12.02 15.45 3.8M 4.2M 11.22
Buy Not Hit. An intraday reach lower, but bounced back to hold the 50 day EMA (11.39) with this doji. Has held good support after falling to this level Tuesday so for now we just see if it continues to stick. If it gets traction and starts to run higher as it is positioned to do we can leave it alone.
NETL 02/05 Test BO 52.98 -0.82 50.68 56.94 665K 750K 51.22
Current. Gapped lower, but held the 10 day EMA (52.41) with this doji after a long reach lower that rebounded. Holding up just as it needs to at this level, so will see if NETL turns back upwards after this short test.
NFLX 02/05 Test BO 65.61 +0.92 61.42 69.97 1.5M 2.2M 62.91
Current. Yet another one that was lower intraday, but rallied back to finish positive. Held the entire move into the close and is showing life now after testing for a few sessions. This is more promising with the rebound, but now we see if it can stick. If it can hold the move it could very well continue on up next week.
NKTR 01/29 Test BO 12.59 -0.08 11.88 13.97 453K 1M 11.97
Current. Fell to the 10 day EMA (12.46) Tuesday and now just holding this support for the second session. Looks like it is preparing to jump with the intraday reach lower that bounced, but have to see if it actually does that. Going to watch and see if it shows more life Friday.
NLST 02/18 ABCD Up 3.62 -0.07 4.14 6.45 704K 3.5M 3.85
Buy Not Hit. More downside, but holding its ground decently with this doji. Does look like it may have found a sticking point, but not crazy about that intraday jump up that rolled back to close. Will see how it can hold this level and if it can really start to recover any now.
PCLN 02/24 Flag 223.87 -1.15 225.31 247.22 1.1M 1.2M 219.54
Buy Not Hit. Tested down intraday and then reversed to close with a doji. Nice test back over the past five sessions now and this one looks ready for that next bump higher. Moved the buy after this move and now ready to jump in if PCLN makes the jump.
PCLN 02/11 Dbl btm 223.87 -1.15 210.99 229.91 1.1M 13M 225.77
Current.
PDCO 02/13 Test 50 30.02 -0.07 29.57 33.89 1.2M 1.3M 28.54
Current. Bounced up off the low at the 10 day EMA (29.67) but unable to make any headway Thursday. Still looks nice in the uptrend though, so letting this one play to the end of the week and will see if it can show any strength at this 30ish resistance point.
PLXS 02/02 Test BO 35.26 +0.05 32.22 39.94 328K 425K 33.28
Current. Another gapper that bounced right back up to finish the day flat. Holding its ground though with this higher volume move so it does still look poised to continue higher. Going to watch it Friday and see if it continues up off the 10 day EMA (34.61) to move past that January high at 35.
PNRA 01/26 Test BO 72.76 -0.28 71.97 79.50 334K 650K 70.77
Current. Holding the 18 day EMA (72.50) after an intraday reach down and a bounce back up to a doji. Lower, below average volume, but still keeping up the good work over this support level. Nothing wrong with this lateral action so we will watch how things pan out over the next couple of sessions to see if PNRA makes a move up to the resistance at the 74ish level.
RIG 02/18 Rolling 79.24 -0.61 85.00 93.88 11M 5.5M 81.44
Current. Long intraday reach lower but then a quick reversal back up. Leaving it on after that bad earnings report with the intraday reversal, but now we need to see if RIG can rebound any. If it can rally up off this support as in December we will let it be. Have to watch it though if it starts to flounder.
RIMM 02/17 Flag 69.85 -0.36 70.98 88.91 10M 22M 67.44
Current. Not able to continue on up after that Wednesday recovery, but still tapping the 18 day EMA (68.58) and bouncing nicely. Will let RIMM take this short pause, and want to see it get back on track Friday with more upside.
RIMM 01/13 Pennant 69.85 -0.36 66.11 79.94 10M 22M 67.48
Current.
RMD 02/10 Test BO 57.54 +0.02 55.08 61.89 418K 6.2M 54.77
Current. Identical to its Wednesday session as it tapped the 10 day EMA (56.62) and then turned back up to finish flat. Looks to be solidly locked in the February uptrend and at this point just seeing if it will start to ride the 10 day higher.
SHLD 02/19 Flag 96.26 +0.74 95.61 104.89 791K 2.4M 92.11
Current. Modest upside after opening with the 18 day EMA (93.94) and bouncing. Volume was a tad lower as well, but SHLD is working along this support level just fine. Leaving it alone for now if it can stick to the 18 day and start to click higher next week.
SHLD 02/04 Test 50 96.26 +0.74 91.31 104.89 791K 2.4M 92.11
Current.
SINA 02/16 Dbl btm 37.21 +0.29 38.06 43.85 880K 1.4M 35.88
Current. Reacting nicely at the 200 day SMA (36.37) as it opened there and then bounced higher into the close. Has tapped that level and bounced twice already this week to show SINA is going to hold it. Now we just see if it can carry forward Friday to keep the upside going.
SJT 02/09 ABCD Up 20.28 -0.26 21.33 24.94 244K 350K 20.23
Current. Short move lower, but still a solid hold at the 50 day EMA (20.23) with a bounce up off the intraday low. Also bouncing at the key 20ish support with this doji so we will see how things continue along now. Looks like SJT will make the turn higher, just has to show it.
SOA 01/28 Rev HS 13.91 -0.05 14.16 17.94 681K 1.8M 13.62
Current. Holding in the uptrend still, but just barely able to hang onto the 18 day EMA (13.90) with this bounce off the intraday low. After three previous sessions of testing SOA may be ready though. Will see how it reacts at this level Friday. If it can hold up it we can see it start to the upside, but if SOA fades back we will have to watch it closely.
TEN 02/22 Cup hdl 20.25 +0.52 20.20 23.98 745K 1.8M 18.91
Entered today. Opened at the 19 mark and then jumped strongly to give us the buy. Nice bump higher out of the handle and looks set to go after this Thursday action.
TEVA 01/29 Test 50 60.28 +0.72 57.59 64.32 5.1M 6M 57.89
Current. Tested down to 59ish support and then turned back up from there to close higher. Held all the gain into the close and really like how it is bouncing over that January peak. Looks like there could be more upside after this move, so will see what TEVA can do now.
TEX 02/11 Rolling 19.28 -0.10 19.34 23.77 2.5M 2.8M 19.14
Current. Gapped lower, but left it on with the nice rebound up from the intraday low. After falling for the three previous sessions, TEX looks ready to start back higher. Now we see if it can do that Friday.
TIE 02/19 ABCD Up 11.71 +0.06 11.89 14.94 2.2M 4.2M 11.28
Buy Not Issued. Gap down and then reversed with volume sticking below average. Closed under a key resistance line as well so dropping this one.
TSL 02/13 Test 50 22.30 +0.86 25.85 29.91 6.2M 4M 23.89
Current. Long reach down and then a solid reversal back up to finish higher. Quite a recovery after that big Wednesday drop and now we see if it can hold this support at 22ish. Still have to watch out for the 50 day EMA (23.88) where TSL failed Wednesday, but after this move we can see how it recovers heading into the weekend.
WBSN 01/21 DB hdl 21.30 +0.12 19.36 23.44 379K 450K 20.08
Current. Scratching out the upside with the gap lower and bounce back into the close. A test at this point would still not hurt, but if WBSN continues to grind we will see where it runs to. Going to see how it finishes up the week as for now it is running nicely over the 10 day EMA (20.65).
XTEX 01/29 Pennant 9.64 +0.37 10.01 11.95 285K 525K 9.31
Current. Opened at that 9 support and then boosted solidly higher on volume. Did close back a little off the intraday high, but a clean break over the 18 day EMA (9.34) so that is a plus. Now will see if XTEX continues to move to the next resistance at 10, or if it fades back to test the 18 day before bouncing.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMZN 02/08 Rollove 118.20 -1.52 116.80 108.55 9.5M 12M 120.68
Current. Lower intraday before bouncing back to a doji, but did hold as it should under the 10 day EMA (118.31). This is nice to see after the Wednesday bounce to 120ish resistance as AMZN is still showing weakness. Not out of the woods yet, but if AMZN can continue to falter under this resistance it still looks good to make the break lower.
ATHR 02/22 Dbl Top 35.54 -0.39 35.91 33.08 1.4M 16K 37.11
Current. Finished in the red with this doji, but not too keen on the long reach down to the 50 day SMA (34.42) that bounced back. Still a downside bias with the weak action earlier in the week under resistance, but have to watch it. Will see if it starts back lower Friday. If it tries to bounce, we have to watch and see where it can start to stall.
BTU 02/23 ABCD Dw 45.44 +0.14 44.69 40.77 6.7M 5.5M 46.11
Buy Not Issued. Gap lower but then rebounded on stronger, above average volume so we held off the buy. Moved back up through the 50 day EMA (45.09), but still can turn back so will continue to watch it. Not great action for the downside Thursday, but weakness Friday can get things looking good again so we will see.
BUCY 02/22 BearRev 61.74 +1.06 61.15 56.25 3.2M 4M 62.11
Current. Way down intraday to the 50 day EMA (57.26), but then a big reversal to close positive. Will see if it falters now, but if it continues we will shut it down.
CRR 02/09 BearFla 60.70 +0.48 63.38 58.32 263K 450K 60.65
Bouncing back up after falling for a few sessions. Really not in a place where we can buy so dropping it for now, but will continue to watch in the event it sets back up.
CTSH 02/16 BearRev 48.16 -0.01 47.15 43.08 4.3M 4M 48.54
Current. Gap down to the 10 day EMA (47.30) and then bounced to finish the day flat. Same story we heard all day so leaving it alone as it holds under the January peak (48.78). Still at a key level where it needs to start showing tiredness, but with the resistance from the prior high it is ok to see if it gives us anything Friday.
EEM 02/23 ABCD Dw 38.57 -0.32 38.46 36.22 74M 85M 39.88
Buy Not Hit. Gapped down and then recovered to make for a pretty big reversal. Will see how it continues to 39ish and if it can fail, but this was a sizeable move so things aren't looking too great right now. We will see what we get though.
IYT 02/23 BearRev 74.43 +0.48 73.21 69.15 827K 900K 74.69
Buy Not Issued. Gap lower but then a big reversal with big volume. Moved up through the key 74 resistance and held it so time to drop this one.
KOL 02/24 HdShldr 34.70 +0.14 34.27 30.76 915K 725K 35.78
Buy Not Issued. This one opened lower and rebounded on volume, but did come to close under the 50 day EMA (34.85). Nice hold under resistance so will see how it gets treated Friday. A break lower from this resistance could give us a buy.
MA 02/13 BearFla 221.49 -0.26 224.24 212.00 2M 2M 227.31
Current. Stepped laterally again, and this time with an intraday reach down that bounced back up. Not looking so great for the downside play as MA will not make the break lower, but will see if the falling 10 day EMA (224.48) puts any pressure on it in the next session or two.
MON 02/04 BearFla 71.18 -2.86 75.56 70.15 15M 6M 73.11
Current. Thought about taking gain with this big Thursday drop, but held off as it could not recover off the low like all the others. If it continues to fall we will let it, but if it does start to rebound any go ahead and take some of the gain off the table.
MSTR 02/11 BearFla 87.24 +0.05 84.77 77.48 105K 200K 86.82
Buy Not Issued. Bounced off the intraday low to finish laterally and continue holding under the 18 day EMA (87.39). Still primed to make the move lower, but going to see how MSTR deals with this resistance level Friday. This would be a great place to see MSTR start to turn back down.
PBR 02/23 ABCD Dw 41.86 +0.28 41.63 38.10 16M 16M 43.31
Buy Not Issued. Gapped down but then reversed back up on us. Same as all the others and just not moving in with this kind of action. Will see what it can do Friday at this 42ish resistance level to keep the downside play a possibility.
PFWD 02/19 BearFla 11.94 +0.05 11.78 10.04 225K 650K 12.21
Buy Not Issued. Typical move with the gap down and bounce to finish flat. Holding under the resistance level with the 10 day EMA (12.00) so just waiting for the play to come to us still. Will give it a chance to stall now, and ready to move in if it can make the break lower.
RL 02/17 BearFla 79.64 -0.51 79.44 75.05 1.8M 1.4M 80.98
Buy Not Issued. Gap lower to a doji, and held off the buy with the rebound off the intraday low. Still holding at a good level to buy, but after this action we may have to wait for a test up to the 80is mark before RL turns back down. Will see how things wrap up this week and go from there.
SSD 02/13 BearFla 24.69 +0.09 24.35 21.32 260K 300K 25.21
Buy Not Issued. A pretty big reversal after reaching to the Sep-Dec lows with the intraday low (23.61) and then bouncing back to finish. Second sessions now with a solid rebound so not liking the action too much. Holding under resistance at 25 though, so will see if that can remain intact and send SSD lower next week.
End part 2 of 3
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