|
|
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.
*******************************************************************
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 ECONOMY 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
*******************************************************************
* * * * *
HTML CONTINUING PLAY TABLE. Click the following link to view the Continuing Play Table in HTML format that includes additional information, e.g. option tickers, after hours pricing:
http://investmenthouse1.com/ihmedia/AlertsTable.htm
* * * * *
CONTINUING PLAY LIST
* * 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://investmenthouse.com/ihalerts/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 245.22 -1.54 138.55 149.91 37M 23M 255.11
Current. Gapped down on us, but battled back to finish up over the 50 day EMA (243.81). Not the prettiest move, but it is working hard to hold on to this level. Will leave it alone for Wednesday, and see if it can show any upside to really start to move past the gap point from April (244.59).
AAPL 04/15 Test 20 245.22 -1.54 119.69 132.77 37M 25M 255.11
Current.
AKAM 05/06 Flag 38.91 -0.12 38.14 44.75 4M 4.5M 37.44
Current. Opened lower, at the post gap point from April (36.74), and then bounced back to cut nearly all of the losses. Still slightly negative on the day, but it was working very hard to hang in there. With this recovery that held into the finish, we wait and see if it can show more life Wednesday.
AKAM 04/05 Flat 38.91 -0.12 32.84 39.89 4M 4.5M 37.44
Current.
ARO 05/22 Test 20 28.47 +0.58 28.88 33.44 2.5M 3M 26.86
Buy Not Issued. Opened down at the prior May lows and then a big reversal back to the 50 day EMA (28.44). Nice action as it held the entire move into the finish, and still in great position to make that next move higher. Now just waiting to see if it does so we can buy it.
BIDU 05/17 Flag 69.08 -1.92 71.16 84.89 16M 20M 65.93
Current. Gapped down and bounced back some, but not able to fill the entire gap down. A pretty sizeable bump lower at the finish, and holding under the 18 day EMA (69.75) still, as well as the gap up point from April. This one did hold the uptrend and bounce so we give it more time, but do want to see it continue rebounding for us from this point.
BONT 05/22 ABCD Up 12.92 -0.36 13.33 18.00 342K 384K 12.40
Buy Not Hit. Short gap lower and then bounced modestly back from there. Finished lower on the day, but really just holding up in the D point of the pattern. Moved the buy point with this action, and ready for the stock to make that first move higher for us to look at entering.
CHCI 05/13 ABCD Up 2.10 0.00 2.81 3.95 371K 600K 2.39
Current. Tapped the 50 day EMA (1.99) on the low and then bounced back to finish flat on the day. Not bad action, and CHCI has slowed the downside action the past several days as it settles at support. Doing its job at this point, so now we see if it is ready to make that break back higher for us.
CME 05/03 Flag 312.30 -10.71 328.77 357.55 1.2M 950K 317.11
Current. Gapped lower on us, and then was up and down intraday before closing with a doji. Did show a little weakness under the 50 day EMA (318.26), but also bounced off the lows at the 200 day SMA (308.36) to show life. Not great after two strong days higher, but enough for now to keep us in the play. Just want to see a swing back to the upside now to get this one back over the 50 day.
CMG 05/10 Flag 136.28 -1.20 138.71 158.42 672K 775K 134.77
Current. Long reach lower to those Friday lows, and then quickly bounced back to finish with the doji. Really nice reversal off the lows, and it could be ready to take that step higher again. Waiting to see if it will.
CMG 01/26 Test BO 136.28 -1.20 98.45 110.00 672K 550K 13477.
Current.
CSTR 05/22 Flag 53.03 -1.49 54.66 61.94 1.6M 1.8M 51.08
Current. Lower intraday and then bounced back up to finish at the 10 day EMA (52.95) with the doji. Did finish negative thanks to the initial gap lower, but really a pretty nice bounce off the lows. With that, we can just watch it Wednesday to see if it makes any move back to the upside off this little test.
DNDN 01/21 ABCD Up 42.80 -0.33 29.54 33.48 6M 3M 46.72
Current. Tested again at the 50 day EMA (41.37) and then bounced back to finish just slightly lower on the session. Still not making any headway for us, but doing its job at key support. Will give it longer now to play out for us, and see if it starts to move off this support in the next couple of days.
DSW 05/04 Flag 29.94 +2.68 29.84 36.45 843K 600K 27.75
Current. Gapped up, tapped back down intraday, and then shot higher for a very strong step up Tuesday. Held nearly all the gain into the finish, and ended the day right at that April gap point (29.82 open) and March high. Great action Tuesday, but now this is a key point to see it continue. Giving it that chance.
ECPG 05/04 Test BO 20.56 +0.40 21.28 25.94 157K 245K 20.48
Current. Gapped to the 50 day EMA (19.68) and then zipped right back up to finish positive, at the 18 day EMA (20.68). Doing exactly what we want it to at key support, and so now we can just watch to see if the bounce higher continues Wednesday. Really want the stock to move over the 18 day with the next push higher and hold it.
EXBD 05/07 Flag 30.49 -0.33 32.44 37.94 276K 425K 30.11
Current. Getting down to a more key area as it gapped lower and then bounced modestly back to finish. Negative on the day as the stock could not stick the entire bounce back, but it is holding clear of the stop point. Do need to keep an eye on this one, but if it sticks in this range you give it more time to rebound. Will need to be careful if it does start to slip on us.
GLD 05/24 Test 18 117.36 +0.52 117.32 122.24 21M 38M 114.31
Entered today. A little higher on the day, showing a doji at the 18 day EMA (117.00). As gold was decently higher, GLD followed and we picked it up. Looks ready to make another run higher, but now seeing if it can actually do that.
ILMN 05/11 ABCD Up 39.63 +0.60 42.52 47.95 3.4M 2M 39.86
Buy Not Issued. After opening lower, this one showed a very solid rebound back to finish in the green. Looking better after this action, though it does still have that early May low (39.23) and 50 day EMA (39.51) to take out. Held against those levels just fine Tuesday, but now it is key to see if it can keep it up.
IRBT 05/06 Flag 19.27 -0.60 19.22 21.94 224K 220K 19.47
Current. Gapped down, sold all the way back to the 50 day EMA (18.02) and January peak, and then rebounded strongly. Still closed lower on the session thanks to a pretty hefty gap down, but did rebound nicely off the lows. With the quick bounce, we leave it to see if it can keep clicking higher Wednesday, and continue the uptrend from there.
IWM 05/24 ABCD Up 64.19 -0.01 64.32 73.95 111M 100M 62.54
Buy Not Hit. Undercut the 200 day SMA (62.69) and then bounced back to finish flat on the day. Changed the buy point to account for this market action and ready to buy if it can make that step higher off key support. Watching closely Wednesday.
JPM 05/22 Rolling 38.94 +0.32 39.22 46.44 67M 60M 37.39
Buy Not Issued. Still working along at the support from February lows, showing the typical gap lower and rebound Tuesday. Held up at this support ok so we give it more time, but still need to see that it sticks the upside move before buying it. Will see how it can continue Wednesday.
LSCC 05/10 ABCD Up 4.70 -0.10 5.08 6.78 2.3M 3M 4.84
Buy Not Hit. Fourth day working along this key 50 day EMA (4.50) support. Lower on the day due to the gap down, but did bounce up from the intraday lows so we keep it on. If it can finally start that swing back higher Wednesday, keeping our eyes peeled for the buy.
MLHR 05/21 ABCD Up 18.92 -0.02 19.51 22.48 504K 640K 18.14
Buy Not Issued. Finished flat on the day after the usual gap lower and rebound for this Tuesday. This move held the stock right in at the D point of the pattern still so we just have to be patient. Need to give it another day or two, and then see if it can start to work back to the upside for us at that point.
NEM 04/14 Flag 53.54 +1.20 55.48 62.95 12M 10M 55.22
Current. With the bounce up from the lows, NEM cracked over the 50 day EMA (53.29) and held it into the finish. Good volume with the bounce back, and this one might just be ready to keep to the upside for us. Has really had quite a pullback from mid-May, and now it is due for some gain. Will see if it can show that Wednesday.
NETL 05/19 Dbl btm 27.69 +0.85 27.82 34.89 2.1M 2M 26.37
Buy Not Issued. Tapped back intraday before bouncing firmly up to the 10 day EMA (27.89). Not quite enough upside for the buy, and especially as it held under the light resistance, but in great position. Just need to see that it can continue Wednesday, and if that upside holds, we look at buying it.
NFLX 05/11 ABCD Up 105.00 +3.38 104.89 122.00 3.3M 3.2M 97.55
Current. Solid shot higher Tuesday, holding all the gain into the finish. Really looking good after that gap and rebound Friday, gap up to a doji Tuesday, and then just keeping it going with this move. Leaving it alone now to give it a chance to keep it going all the way to the April (108.17) and May highs (110.01). Will see how it reacts at that level.
NTRI 05/17 Test BO 21.56 -0.08 22.02 28.89 636K 2M 20.48
Buy Not Issued. Just a hair lower on the day, but nothing to worry about as it is showing life over the 50 day EMA (20.67) still. Has held up at that support for four sessions now, and looks ready to keep that up. That means we just wait on it now to see if it can break over the 10 and 18 day EMA (21.78, 21.56) and hold it to show us the buy.
NVLS 05/24 Dbl btm 24.77 +0.12 25.21 28.95 4M 4M 23.45
Buy Not Hit. Gapped down to test the prior May lows, and then shot back to finish in the green Tuesday. Still working along under that band of resistance around the 50 day EMA (24.96), but held the entire bounce into the finish Tuesday. Signaling it is ready for more gains from this point possibly, so keeping an eye out for that. Will watch for any more life Wednesday to keep us interested in picking it up.
OSTK 05/19 ABCD Up 22.65 -0.07 23.01 26.48 409K 498K 21.40
Current. Slipped well back intraday, but reversed strongly to finish back nearly flat. Nothing wrong with this move as it is just testing some after that finish off the high Monday. It may now be ready to run higher for us, so seeing if it can shoot higher off this move Wednesday.
PII 05/24 Test 50 57.99 -0.37 58.78 67.92 990K 650K 54.78
Buy Not Hit. Clean tap of the 50 day EMA (55.91) on the low and then bounced to finish with the doji at the 18 day EMA (57.84). Great reaction as it tests key support, and now seeing if it carries the upside momentum into Wednesday. If it can do that we see if it can reach our buy and hold it.
RMBS 05/22 Cup hdl 24.15 +0.01 24.71 27.98 2.6M 2.5M 22.54
Current. Bounced Friday, showed the gravestone doji Monday, and then gapped back down on us Tuesday. Like how it hit the lows from last week and then bounced back on up to finish flat for the session. With this test, RMBS may be ready to make the move to the upside that sticks. Will see if it can do that.
ROST 05/21 ABCD Up 52.85 +0.55 52.87 58.91 2.2M 3.2M 49.93
Entered today. Gapped down to the prior may lows and then shot back to the upside at the close. Held a nice little move higher, and with the strong reversal off the lows, we bought it. Now just seeing what it can do for us the rest of the week as it moves up and out from the ABCD pattern.
SNDK 04/29 Flag 43.18 +1.37 39.14 49.94 12M 13M 40.54
Current. Bounced Friday, paused Monday, and then pumped back to the upside Tuesday. Held the entire move higher into the finish, and now seeing how it reacts with the April (44.61) and May highs (44.27) if it continues. Seeing what it does Wednesday.
SNIC 05/10 Test 50 11.03 -0.10 12.36 14.44 475K 600K 11.91
Current. Down to the early May lows intraday, and then bounced back up to cut some of the losses. Still finished in the red due to the initial gap down, but really a very nice test at this key support. After falling for several sessions, SNIC is firming up at this level, and looks ready to make that pivot back to the upside. Giving it a chance to do so Wednesday.
SSYS 05/05 Rolling 23.45 +0.41 24.18 28.74 160K 265K 22.49
Current. Small gap down to test the February and early May lows, and then bumped back to finish higher. Not a big move up, but not a small move either. Showing life for us at key support so we let it play Wednesday to see if it keeps it up.
TJX 05/19 Dbl btm 45.35 +1.40 45.28 49.94 11M 7.5M 42.11
Entered today. Bounced for a couple sessions before showing that doji under the 50 day EMA (44.40) Monday. That doji was a little worrisome, but TJX showed strength as it gapped lower and then bounced to cut over the moving average. With the positive action we bought it, and now see how it keeps it up Wednesday.
TZOO 05/07 Test BO 15.37 -0.81 16.88 20.85 166K 130K 15.70
Buy Not Issued. Bounced way off the intraday lows, but still a pretty significant bump lower on the day. Dropping it for now, but will keep watching it.
URI 05/24 ABCD Up 11.51 -0.38 12.23 14.69 2.3M 2.2M 11.44
Buy Not Hit. Finished below the 50 day EMA (11.57) with this little gap down, but really nothing wrong with that as it holds up at the D point of the pattern. A nice little bounce off the intraday low as well, and URI is positioned to bounce. Just has to show it now. Will wait it out for a couple sessions and see if it shows anything.
WRLD 05/20 ABCD Up 35.78 -0.25 36.88 44.89 278K 500K 34.30
Buy Not Issued. Tapped the early April lows and the lows from last week before bouncing back into the finish. Not buying it as it held under the 10 and 18 day EMA (35.86, 35.90), but will see if it can keep moving up past that point Wednesday. If it does, it then has to take out the 50 day EMA (36.66). When it moves past that point and holds, we pick it up.
WSM 04/02 Flag 29.15 -0.13 27.43 32.74 4.2M 2.8M 28.74
Current. Gapped to the key 50 day EMA (27.92) and bounced back up from there. Has worked laterally along this support for a couple weeks now, and looks just fine as it does so. With firm support intact, you give it more time to gather strength, and then see if it will make another bounce on up.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
A 05/15 BearFla 31.24 -0.16 32.92 31.24 3.8M 4.5M 31.55
Target Hit. took some 51% gain as A was lower intraday, and then started to reverse back up. Still finished negative on the day, but after tapping the 200 day SMA (29.84) and bouncing, have to see how it reacts. Will need to be cautious if it continues to the upside, but if it wavers, we just leave it alone.
CAT 05/18 BearFla 59.21 -0.01 62.88 57.02 14M 10M 60.21
Target Hit. Gapped to just under the 200 day SMA (57.00), and then started to reverse back up so took gain on the play. Finished the day flat, but will watch now to see if it continues to the upside, or if it just holds back. Have to watch closely as it held all of the bounce back into the finish Tuesday.
F 05/12 BearFla 11.02 +0.01 12.43 10.48 138M 125M 11.66
Target Hit. Took some 70% gain as F gapped lower, and then started to rebound back into the finish. Was basically flat at the close, but now, like others, it could keep clicking higher. If it does keep bouncing, have to keep an eye on it to make sure it does not get away from us. For now just seeing what it does Wednesday.
GMCR 05/15 BearFla 23.35 -0.07 24.77 21.71 3.4M 2M 24.14
Target Hit. Took the rest of 33.8% gain as GMCR was a little lower to start, and then bounced to finish nearly flat on the session. Really starting to base out at this point, so took the rest of the gain before it could bounce on us.
GYMB 05/11 BearFla 45.41 +0.41 44.28 39.05 778K 1.2M 45.72
Buy Not Issued. Gapped down but a quick bounce back finished this one slightly higher on the day. Still holding under the 200 day SMA (45.35) so the play is intact, but seeing how it reacts at this point. Will it back down Wednesday? Or does it need to reach to that May gap down point (46.42 open) again before stalling. Watching it closely in case it shows a step lower for the buy, but do have to be patient in case it does start a little higher again.
LUFK 05/11 BearFla 77.25 +0.48 78.48 71.73 173K 245K 78.88
Current. Nicely down intraday, but buyers picked it back up to finish the stock positive. Volume was still a little lighter with this move so nothing too nefarious, but it may be trying for a bounce. For Wednesday will just see how it stays down, and if it bounces any, want to see it back down at the finish. Just keeping an eye on it to make sure it stays in check.
PBR 03/25 HdShldr 32.88 -0.26 43.22 38.38 22M 16M 34.32
Current. Followed most other stocks as it gapped lower and then bounced back up to finish. Still finished the day in the red, though, and looking weak overall. It may test up now so keeping an eye out for that, but just watching it Wednesday as it could whip back down again.
TSCO 05/18 Dbl Top 65.99 +0.17 66.55 61.48 302K 500K 68.54
Buy Not Issued. Gap to the 50 day EMA (64.54) and then bounced to finish just barely higher. Not really an upside move worth mentioning, but still not buying it as it is showing life over the 50 day. Will see if it tests up to the 18 day EMA (66.76) and April gap point (66.25 open) now, and if it can fail there. If it does that, we have a better buy if it shows a nice step lower. Will see what it does.
End part 2 of 3
|
us stock market
top stock pick
|
