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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:
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 including additional information, e.g. option tickers, after hours pricing
http://investmenthouse1.com/ihmedia/SSRTable.htm
CONTINUING PLAYS TABLE
* * SPREADSHEET DOWNLOAD * * *
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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 208.85 -0.14 138.55 149.91 20M 23M 207.91
Current. This action is very similar to what was mentioned about the indices: rallied to test the bottom of the January consolidation, made it (as did NASD), then struggled after getting there. Solid upside move overall so likely just a pause Tuesday, but a key stock for the market and if it fades, NASDAQ fades. Will see how it holds up Wednesday.
AAPL 04/15 Test 20 208.85 -0.14 119.69 132.77 20M 25M 207.91
Current.
ABVT 02/19 Flag 63.46 -0.04 63.51 69.95 157K 175K 59.89
Current. Gapped up but then fell back to finish the day flat. Would have liked to see ABVT continue that Monday bounce, but as it is still bouncing over 62.50ish resistance it is just fine. We will see how it bounces Wednesday.
AET 02/18 BullRev 31.03 +0.71 29.94 34.91 6M 8.2M 28.77
Current. Higher volume as AET bounced up from support at 30 with the November highs and 50 day EMA. Solid move that held the gain into the close, but now we see if AET can continue the move. Letting continue to play out to see what kind of headway we get Wednesday.
AMED 01/30 ABCD Up 60.83 +0.96 57.05 67.95 1M 1.5M 57.24
Current. Gapped up, then finished off the intraday highs and lows with the doji. Saw a more positive bounce Monday, but is showing sluggishness at the January and February highs now. Key level so will see if AMED shapes up or if it begins to test back.
ANN 02/05 Flag 17.86 +0.06 15.12 17.65 2.5M 3.2M 15.81
Current. Quite the doji after a strong run and then our taking gains Monday. Due for a pullback at this point but very strong overall. Will see how ANN tests and where it can hold up over the next couple of sessions.
ASH 01/27 Asc Tri 49.58 +0.53 42.69 49.89 1.5M 1.5M 46.31
Current. Gapped and then tracked higher from there, but did close back from the intraday high somewhat. Still like the uptrend overall but a short pullback does look possible after this move. At a safe level, though, so will see how things pan out over the next few sessions and we will go from there.
ATI 02/18 ABCD Up 46.45 +0.99 45.34 51.91 2.4M 3M 43.78
Current. Tracked higher again Tuesday to close over the February high (46.47 open). Finished off the intraday high, yes, but did not fade as much as others as it put it a new high. Like the action out of this one as it continues the move off the 50 day EMA (42.78) support so just letting it be.
ATW 02/16 Rolling 34.10 +0.12 34.21 39.45 2.2M 1.3M 32.03
Buy Not Issued. Finished in the green with this doji, and did show a decent bounce up off the intraday low at the 10 day EMA (33.69). Not enough of a move for the buy, though, so just going to continue watching it. Still think it will roll higher, but now we need to see that upside move that sticks before we jump on in.
BWA 02/24 Asc Bse 38.66 +0.69 38.69 44.88 2.3M 1.8M 36.31
Entered today. Gapped and then ran strongly to give us the buy. Did fade off the intraday high, but held onto solid gain with this jump higher. Can either let it test to 38 and bounce now, but it is positioned to climb straight higher if it tries to.
CMG 01/26 Test BO 110.12 +2.19 98.45 110.00 818K 550K 104.89
Target Hit. Took part of 11.7% stock, 61+% option gain as CMG gapped and then ran higher into the close. One of the few that actually held the move into the finish, and now just seeing how it continues after this nice sign of strength.
CMI 02/24 Flag 59.24 +0.28 56.82 64.85 3.1M 3M 55.78
Current. Gapped but not able to stick the move entirely as it finished with a hanging man doji. Over the February peaks at this point, so will see if CMI tests to that level at 58ish and holds. If it can bounce there, great. If it tries for a deeper test, there is support at 56ish to dig in at.
CNMD 02/04 ABCD Up 22.27 +0.09 22.89 26.45 167K 265K 21.56
Buy Not Issued. Just slight upside Tuesday, but it was good enough to close CNMD over the 50 day EMA (22.16) on stronger trade. Has rallied for a couple sessions, and now we get to see if it continues to give us a buy.
CY 02/27 Flag 12.11 +0.15 11.98 14.22 4.1M 4.5M 11.49
Current. Modest upside Tuesday, but yet another one that finished back from the intraday high. This one is positioned to make that move higher, but will have to see how it continues to act under this layer of resistance from the February high (12.33 open). Looks like it could use a short test with the big finishes off the high Monday, Tuesday, but if it can shake that off and just continue to run we will let it.
DBRN 03/01 Cup hdl 26.85 +1.12 25.84 29.95 4M 1.1M 23.89
Buy Not Issued. This one gapped and ran hard with very strong volume. Never a chance to get in so dropping it until it can test.
DE 02/25 Flag 58.21 -0.08 57.12 65.88 3.5M 6M 53.55
Buy Not Issued. Gapped up but then faded back to close so we were not buying. Still life in this one, though, as it showed a bounce up off the intraday low. Can see if it will test more towards the rising 10 day EMA (56.62) now and hold as that will provide a better entry.
DNDN 01/21 ABCD Up 33.26 +0.75 29.54 33.48 31M 3M 30.78
Current. Gapped lower on rumors the FDA was reviewing the companies experimental prostate cancer vaccine, but then managed a very credible recovery with assurance from the company and an FDA spokesperson that no such advisory meeting was taking place. Did finish back from the intraday high, but also clicked back to 33.43 after hours to hold the February peak. An incredibly volatile session, but and now we are giving it a chance to calm down and start a more controlled move back up.
EAT 02/08 Test BO 17.84 -0.39 16.81 19.91 2.1M 2.8M 17.24
Current. This one turned lower Tuesday with volume up to average on the day. Holding over the 18 day EMA (17.68) still, but may have to slip further before bouncing there. If it can take that bounce, want to see EAT climb back to that 18ish support level and then work to take out the August high at 18.33.
F 02/23 Asc Tri 12.22 -0.19 11.77 14.22 193M 95M 11.48
Current. Gapped with good car sales, but sold back as most stocks struggled late afternoon. Very high volume move, but still in decent shape at this level and can now test and bounce at 12ish support if needed. Will see if it slips again Wednesday.
FIRE 02/22 Flag 25.81 +0.73 24.94 28.00 587K 400K 32.42
Current. Raced higher again, but did finish well off the intraday highs. More or less typical action as many stocks suffered late, and this just kept FIRE holding under slight resistance at 26ish. Still like this set up, but may not have a clean cut run higher anymore. Will have to see how it reacts over the next session or two at this level.
FNSR 02/13 DB hdl 12.88 +0.13 11.75 13.97 1.2M 1.2M 11.68
Current. Short gap up to a hanging man doji for this third day higher. A good looking move out of the end of February lateral action, but may be time to take a quick test back. If it fades, will see first if it can bounce up over the 10 day EMA (12.24) and continue to the upside.
GMCR 02/01 Test BO 87.88 +4.27 86.12 99.88 4M 2M 83.21
Current. Big jump higher with very strong volume for GMCR. Like others, GMCR faded off the intraday high, but still managed to hang in right at the late January peak (88.00 open). This was quite a show of strength, but now we see if GMCR can break through like it is set to do, or if it has to faded back from this peak to test before it can bounce again.
HCSG 03/01 Cup hdl 22.51 +0.14 22.49 25.94 75K 250K 21.22
Buy Not Issued. Climbed higher Tuesday and held the gain, but very low volume so not worth the buy Tuesday. Might be better at this point to see a fade and test more towards 22 to inject HCSG with more energy for a bounce.
HOLX 02/04 Test BO 17.37 +0.02 16.51 19.91 4.1M 5M 16.46
Current. Gap lower and then fought back to finish flat on the day. Interesting move after the gravestone doji Monday, but HOLX still looks ready to fade back near term. Will look for that test to hold 17ish support with the October high and bounce.
HUM 02/05 ABCD Up 47.49 +0.01 47.69 54.55 1.4M 3.5M 45.44
Current. Stepped laterally with this doji over light support from the 18 day EMA (47.21). Volume did drop back as HUM stood still, but not problem there. Will just give this one more time to pause under this 48ish resistance level and see if it can start to rally soon.
ILMN 02/10 ABCD Up 38.02 +0.03 36.53 40.97 1.4M 4M 35.31
Current. Bounced Monday, but stepped laterally with this doji Tuesday as volume dropped off. Want to say this is more of a continuation move, but it is holding at the February peak (37.85) so there is resistance to move through. Will be interesting to watch Wednesday to see if ILMN can break through, or if it does indeed test more before bouncing again.
ISRG 01/28 Test BO 361.30 +2.67 335.64 374.75 655K 700K 339.11
Current. Gentle upside Tuesday as it closed back down from the intraday high. Still bouncing for the third day of gains, but is slowing as the market paused Tuesday. Nothing wrong with a fade back at this point, but will see if it can hold support at 350ish if it does.
JOSB 02/25 Flag 45.21 -0.26 44.81 51.75 214K 385K 42.48
Buy Not Issued. Short fade back Tuesday, but did manage a decent bounce up off the intraday low. Nothing wrong with continuing to watch it, though a short test would provide a better entry point. Will see if we get any pullback over the next session or two and see where JOSB holds.
JOYG 02/13 Test 20 51.67 -0.23 49.05 55.00 3.5M 4M 48.08
Current. Gapped up, but then turned back to finish under the January gap down level (52.10 open) still. Not the greatest action, but can still let it test to the 50 day EMA (50.74) again and try for a bounce there. Just going to watch how JOYG handles this resistance level over the next few sessions.
KSU 02/25 Cup 35.11 -0.30 35.28 39.94 1.2M 1.4M 32.81
Current. Up intraday, but then rolled back to close modestly lower Tuesday. Nothing to get worked up about and KSU is just continue the up and down chop it showed late in February. Further downside and we will look at 34ish for support, but not going to complain if KSU turns things back around Wednesday.
MDZ 02/25 Cup hdl 8.41 +0.08 8.44 10.35 1.2M 900K 7.85
Buy Not Issued. Short gap higher and then closed there with a doji after working both ways intraday. Volume was way up Tuesday, but still not moving in with this slow grind higher. Can see if MDZ will still bounce up off the 10 day EMA (8.26) with a more definitive move to give us the buy.
MJN 02/09 Asc Tri 48.00 +0.17 47.21 54.55 1.2M 6M 45.54
Buy Not Issued. Just no volume as MJN trudges higher so we were not buying. Typically yields big breakouts but not the case with this one yet. Will see if it reloads by testing to the top of the range at the January (47.19 open) and February (47.00) highs. A bounce there and we can still look at moving in.
MR 02/02 Test 50 39.16 +0.71 36.94 41.95 1.6M 1.4M 36.77
Current. Gapped to that shooting start doji Monday, but getting back on track with the Tuesday action: showed a long intraday reach to the 18 day EMA (37.16) and then rebounded hard to close positive. This is more what we want to see with a favorable reaction to good earnings. Now continued upside will have to deal with the January peak (39.50) so will see how that pans out Wednesday.
MTW 02/19 Cup hdl 12.25 +0.29 12.02 15.45 2.5M 4.2M 11.22
Buy Not Issued. Jumped higher and then held the moderate gain to lock in the move over 12ish resistance. Volume was nothing special as it held below average, but MTW is doing things just as it should right now. Going to see if MTW tests any to 12, or if it can just continue to the upside right away Wednesday.
NEM 02/25 ABCD Up 51.70 +1.42 49.42 55.94 11M 11M 45.96
Buy Not Issued. Gapped and then ran farther to take away a good buy. Have to drop it now.
NETL 02/05 Test BO 57.60 +1.77 50.68 56.94 1.3M 750K 53.88
Current. Finished well off the high Monday, but went right ahead and continued to race higher Tuesday, still with strong trade. Already banked solid gain Monday, so now seeing how far the rest of our position will carry throughout the week.
NFLX 02/05 Test BO 68.98 -0.72 61.42 69.97 1.7M 2.2M 63.77
Target Hit. Took part of the 13% stock, 69% option gain as NFLX opened slightly higher and then began to backtrack. Just following the market for the most part, so will see how this one tests. It could continue to pull back to the level of support with the February high (67.04 open) and 10 day EMA (66.23) and bounce so will give NFLX a chance to do that if it continue to fade.
NKTR 01/29 Test BO 12.53 -0.24 11.88 13.97 1.2M 1M 11.97
Current. Bounced Monday but slipped back to the 10 day EMA (12.51) with the Tuesday downside. Not crazy about the higher volume, but with a good layer of resistance over the 12 mark, we can see how things play out. Will give NKTR more time and just see if further downside holds the January high at 12ish and bounces.
NLST 02/18 ABCD Up 4.05 +0.23 4.18 6.45 1.8M 3.5M 3.87
Entered today. Moved higher with much stronger volume so picked it up. Did hold just over the 50 day EMA (4.04) level as it faded at the close with the rest of the market, but looks solid nonetheless. Will see how this one runs and if it can stick to this support level Wednesday.
PCLN 02/24 Flag 241.34 +2.80 226.14 247.22 1.8M 1.2M 231.91
Target Hit. Took part of the 48% option gain on the 226 position as PCLN tracked higher intraday and then slipped back to finish with the doji. Looks like it is out of gas short term, but if it begins to test we will see if it can hold first at the February high (232.95) and bounce.
PCLN 02/11 Dbl btm 241.34 +2.80 210.99 229.91 1.8M 13M 231.91
Current.
PDCO 02/13 Test 50 31.02 +0.90 29.57 33.89 1.9M 1.3M 29.81
Current. Gapped and then race to close over the January highs, but fell back after hours to 30.12. Not crazy about how it is down after hours, but that does leave it holding the mid January lows and February highs at 30ish. Will let it continue at that level and see if it can bounce to stay in shape.
PLXS 02/02 Test BO 36.29 +0.75 32.22 39.94 375K 425K 34.12
Current. Nice jump higher off the 10 day EMA (35.04) with better, just over average volume. Acting just as it should in the uptrend, and was not fazed by the drop in the market late in the day. Showing strength as is should so we just let this one run for now.
PNRA 01/26 Test BO 73.92 +0.77 71.97 79.50 305K 650K 70.77
Current. Jumped higher and held the move to stay snugged against the top of the January/February range at 74. Would be great to see PNRA continue, but with the volume still holding below average it is not very likely. A test back to the 18 day EMA (72.73) would be ok at this point if PNRA falls Wednesday.
RIMM 02/17 Flag 70.77 +0.22 70.98 88.91 11M 22M 67.44
Current. Not falling again after that Monday gap and rollover, but certainly not a sign of strength either as it showed a doji with a finish back off the intraday high. Just seeing it have difficulty at this 71ish range of resistance, but ok for now to see if RIMM can start to work up through them.
RIMM 01/13 Pennant 70.77 +0.22 66.11 79.94 11M 22M 67.48
Current.
RMD 02/10 Test BO 58.90 +0.73 55.08 61.89 577K 6.2M 55.98
Current. Moved higher again, this time wither much better volume, but finished way off the intraday high. Not panning out to be the best run up from the late February testing, but still in solid shape overall. Can see if any testing now holds the 58ish level with the February high and bounces.
SAPE 02/27 Flag 9.27 0.00 9.12 10.95 1.3M 1.5M 8.48
Higher and lower intraday before finishing things perfectly flat. Looks ready to test after the three sessions of rebounding, and now will see if it can fade any towards the 9 dollar mark. A solid layer of support there and if it holds it would provide a better entry.
SHLD 02/19 Flag 96.95 +1.05 95.61 104.89 874K 2.4M 94.54
Current. Gentle upside Tuesday made for nothing more than a continuation along the lateral action started mid February. Nothing wrong with that, though volume did continue to shrink further below average. At this point we just see how SHLD continues to run along the 10 and 18 day EMA at 95ish and if it can start to make the break from there.
SHLD 02/04 Test 50 96.95 +1.05 91.31 104.89 874K 2.4M 94.54
Current.
SINA 02/16 Dbl btm 38.13 +0.76 38.06 43.85 869K 1.4M 35.88
Current. Gap and rollover Monday, but now a nice looking bounce back up Tuesday over the 10 day EMA (37.71). After that Monday weakness, SINA is showing more resilience now at the 38ish resistance point with the mid February highs. Will see if it can work through that point in the next few sessions or if it just continues to run laterally.
SJT 02/09 ABCD Up 21.14 +0.54 21.33 24.94 165K 350K 20.23
Current. Gapped up, filled, and then reversed back higher into the close. A nice bump higher off the 18 day EMA (20.86) support and SJT is working like we want it to back towards the 22ish resistance. Will let it continue over the next couple of sessions and then see how it reacts at that line of resistance.
SOA 01/28 Rev HS 14.36 -0.13 14.16 17.94 1.7M 1.8M 13.62
Current. Gapped up to meet the February highs (14.64), but then faded back like many others to close negative. Still holding comfortably over the 14ish support level, so will see how it continues testing and what kind of bounce it can take.
SSYS 02/27 Flag 27.07 -0.43 27.59 31.94 107K 300K 25.78
Current. After that solid Monday bounce, SSYS faded back to close at the 10 day EMA (26.93). Really okay action as volume was much lower with the downside, and we can leave it along and see if it will bounce up over this light support.
TEN 02/22 Cup hdl 21.13 -0.72 20.20 23.98 1.6M 1.8M 19.92
Current. Very solid Monday run higher, but cancelled much of that with the Tuesday reversal lower. Ok as TEN holds the January peak (21.29), but does looks like it will test further before bouncing. Thus, we look to the next line of support with the February high (20.52) and 10 day EMA (20.30) for a bounce.
TEVA 01/29 Test 50 60.95 +0.34 57.59 64.32 6.9M 6M 58.73
Current. Small step higher, but a volatile move as it closed well back off the intraday high. A solid uptrend overall, but like most others, this one may be due now for testing. Will see which way things turn Wednesday, and how TEVA sticks to this range around the 60 mark.
TEX 02/11 Rolling 19.98 +0.32 19.34 23.77 2.2M 2.8M 19.14
Current. Stepped higher again off that Monday doji, and did so as volume swelled gently. Still holding under the 50 day EMA (20.15) with this step higher, so there is resistance to break apart, but looking solid overall. Will watch Wednesday to see how TEX handles this.
TSL 02/13 Test 50 22.69 +0.14 25.85 29.91 2.6M 4M 23.89
Current. Bounced over the past few sessions, but may be stalling now as it showed a doji under the 10 day EMA (22.97). It is holding up at 22ish support, but if TSL starts to fade we have to close it down.
VLTR 02/27 Flag 23.78 +0.43 22.11 26.42 729K 400K 21.89
Gapped up and then stuck there into the close with this doji. Volume was lower on the day, though it still remained well above average, and now this one looks like it will test. There is support at 23 where VLTR can bounce, but a better entry point is down closer to the 22ish support level. Going to have to wait and see how this one plays out.
WBSN 01/21 DB hdl 21.91 +0.08 19.36 23.44 426K 450K 20.78
Current. Another small click higher on average volume, largely ignoring the market. This one isn't making great strides by any means, but it definitely is holding its ground as it claws up. Will see how far can run before starting to test as it does look like it is slowing down now.
XTEX 01/29 Pennant 11.00 +0.44 10.01 11.95 942K 525K 9.62
Current. Gapped then ran quickly higher, but gave up most of that move to close with a doji on big trade. Closed off the intraday high back to back sessions and showing a test would not be so bad right now. A pullback to the 10 dollar mark that bounces could be just what XTEX needs.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BUCY 02/22 BearRev 63.19 -0.92 61.15 56.25 3.1M 4M 62.11
Current. Gapped then rolled over for a loss on rising trade. Like how it is tracking lower to hold under the January highs at that 65 mark as well as sticking with the February highs down at 63.75 (open). This was a possibility and the reason we did not close it down Monday. Now we see if it can continue to falter under this line of resistance to get the downside play back into shape.
BWLD 03/01 BearFla 43.36 +0.06 43.17 40.04 412K 500K 44.31
Buy Not Issued. Lower intraday but then bounced back to finish flat on the day. Very serious level of resistance at the 44 mark with Sep-Nov peaks as well as the 50 day EMA. Just waiting for the tumble lower to give us an entry.
MON 02/04 BearFla 71.77 +0.53 75.56 70.15 9.9M 6M 72.11
Current. Gapped up but then turned lower into the close to finish just modestly positive. Not the kind of bullish recovery off the Monday doji we had to be wary of, and still looks weak. Ok for now to see if it continues to exhibit weakness over the next few sessions to get the downside action started again.
PFWD 02/19 BearFla 11.83 -0.10 11.78 10.04 678K 650K 12.21
Buy Not Issued. Higher intraday but then reversed back down to close with a doji under the 10 day EMA (11.95). Still shaping up for a very nice downside play, just has yet to show what we want for the buy. Being patient as we look for the step down away from resistance that does not recover.
RL 02/17 BearFla 80.63 -0.13 79.44 75.05 1.4M 1.4M 80.98
Buy Not Issued. Gapped up, but could not hold the move and closed slightly lower, still near the 50 day EMA (80.62). Showing weakness at this layer of resistance so there is no harm in waiting for it a few more sessions. Just waiting for the failure at this resistance before jumping in.
SSD 02/13 BearFla 25.26 +0.34 24.35 21.32 154K 300K 25.21
Buy Not Issued. Worked up through a resistance level Tuesday and stuck the move. Dropping it as it is not a downside setup we want to play.
End part 2 of 3
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