|
|
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 NEXT SESSION VIDEO CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/NextSession.wmv
*******************************************************************
CONTINUING PLAY TABLES
You can view the continuing play table in three different formats.
1. Text (below)
2. HTML (use the following link)
3. Spreadsheet download (use the following link)
* * * * * HTML CONTINUING PLAY TABLE * * * * * *
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
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * 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 250.51 +7.31 138.55 149.91 28M 23M 255.11
Current. Lower with everyone else Wednesday, but shot back higher and held the gains Thursday. Also a nice reaction at the key April gap up point. As it held support and bounced, we leave it alone to see if it continues to the upside now to end the week.
AAPL 04/15 Test 20 250.51 +7.31 119.69 132.77 28M 25M 255.11
Current.
AKAM 05/06 Flag 42.83 +1.01 38.14 44.75 5.6M 4.5M 39.22
Current. Showed more strength than most Wednesday as it held a gain, and then kept to the upside Thursday. It did come down from better intraday levels, though, closing with a doji just under the June peak (43.08). Holding up as it needs to for now, but do want to see strength from AKAM at this prior high.
AKAM 04/05 Flat 42.83 +1.01 32.84 39.89 5.6M 4.5M 39.22
Current.
ARO 05/22 Test 20 29.92 +1.17 29.18 33.44 3.9M 3M 27.47
Current. Another one that managed to bump higher Wednesday, and then kept on running for us Thursday. Solid volume with the move, and held all the gain to finish right up with the June peak (30.01). ARO gapped up to this point early in the month, so it is the next line of resistance to take out. So, giving it time to see if it keeps showing more life, and will see if it can start to move higher Friday.
CHK 06/10 Trnd Rv 24.41 +0.97 24.40 28.54 17M 23M 22.74
Entered today. Sold back to hold the 50 day EMA (23.38) Wednesday, and then gapped back up Thursday. It did give a little test intraday, and then when it showed it would start back higher we moved in. Solid jump up from the support level, and now we see if it can keep running as it is set to do.
CI 06/08 DB hdl 34.14 +0.85 34.31 39.91 3.1M 5M 32.78
Buy Not Hit. Held the 200 day SMA (32.96) Wednesday, and then leapt back up to clear over the 50 day EMA (33.78) Thursday. Solid move that held its ground into the finish, and now just needs to keep it up to hit our buy point. When it does that, we can look at picking it up, though would like to see volume a little heavier with that move.
CLF 06/07 Dbl btm 54.87 +4.07 49.88 59.92 8.4M 10M 49.89
Current. Big gap up and away, killing our entry. Dropping it, but will watch to see if it tests any.
CMG 05/10 Flag 146.14 +2.77 138.71 158.42 643K 775K 139.21
Current. Gapped up, tested back to the 10 day EMA (142.98), and then bounced back to close with a doji. Nice move to the upside, and still trying to get something going off of this light support. Leaving it alone as the week wraps up, and will see if another upside push can move CMG through near resistance with the June peak (148.90).
CMG 01/26 Test BO 146.14 +2.77 98.45 110.00 643K 550K 139.21
Current.
CNC 06/07 DB hdl 22.77 +0.13 23.88 27.94 259K 950K 22.41
Buy Not Hit. Faded for two days, and then just held flat at the 50 day EMA (22.59) with a doji Thursday. Not crazy about how it did not participate in the Thursday surge, but this one is still in prime position to run. Will see how it wraps up the week, and if it can join in the upside, just start a day late.
DECK 06/07 PreSplt 152.85 +8.40 144.77 174.93 702K 615K 141.21
Buy Not Issued. Big gap up and then just kept pounding higher from there. Not able to get in so now have to wait for a test. So, seeing how it does under the 156ish level with prior highs, and if it can pull back from that point for us. If it does start to slide, we see how far it tests, and where it can hold up for us.
DLTR 05/29 PreSplt 62.62 +1.21 60.89 67.75 1.1M 1.6M 60.12
Current. Gapped up to that doji Wednesday, and then gapped right higher again Thursday. Nice push higher into the close, and then stuck the entire move for us, challenging the May highs at 63.50ish. Looking solid as it comes off the 50 day EMA, but now seeing if it can shove through that prior high.
DTG 06/10 Pennant 45.04 +1.05 45.57 52.24 613K 1.7M 42.54
Buy Not Hit. Nice bump higher Thursday, but not able to show anything past the 10 day EMA (45.13) so it is not quite ready for us. Still in good position to move, but has to show life past that point and stick before we pick it up. Will see if it moves towards that point Friday. Normally do not like to buy Friday, but if the stock can show us what we need, we will definitely consider it.
FFIV 06/05 Test 50 68.10 +1.29 68.82 78.95 899K 1.6M 64.88
Buy Not Issued. Gapped up, filled back to the 50 day EMA (66.98), then bounced to close with a doji. Shaping up very nicely, but still has not made that strong shot higher we need for our buy. In great position, so will be patient and see if it shows life over the 10 and 18 day EMA (68.28, 68.48) to give us an entry.
GLD 05/24 Test 18 118.97 -1.58 117.32 122.24 14M 38M 116.89
Current. Gapped down, filled, and then turned lower to close at the 18 day EMA (118.91) with a doji. Third day down, but a very orderly pullback and at some support now so we are leaving it alone. Will see if it can stick to this point and bounce back, showing more life at the May peak this time around. Will see if it fades or holds to finish up the week.
HNT 06/08 Cup hdl 26.33 +0.74 26.10 29.75 1.1M 2.1M 23.92
Entered today. Higher Wednesday, but just not enough to get us moving in. Not the case Thursday, as it shot higher and then held firm into the finish. That gave us the buy, and now we see how it works for us.
ILMN 05/11 ABCD Up 43.95 +1.28 42.74 47.95 1.3M 2M 41.05
Current. Huge finish off the highs Wednesday, but gapped, ran higher, and then held it for us Thursday. Very solid action, and this move put ILMN at a new high, breaking over the October '09 peak, as well as those April and May highs. Like this move, but now seeing if it can keep it up as the week comes to a close.
IRBT 05/06 Flag 19.07 +0.28 19.22 21.94 119K 220K 20.11
Current. Nice little bounce up off the 50 day EMA (18.77) and the support from the May gap, late May lows. Not as big a move higher Thursday as others, but doing its job at a key level. With that, we can give it longer, and see if it can make a big move up after holding the 50 day for three sessions.
IWM 05/24 ABCD Up 64.07 +2.14 65.48 73.95 75M 100M 64.21
Current. Thundered higher Thursday, slicing over the 200 day SMA (63.19), and did not slow down until meeting the 10 day EMA (63.99). Definitely a jolt that was needed to get things back on track, but volume was lower, so have to see if it sticks. Definitely is fighting for the upside, but will see if it can actually do it with more gains Friday.
JOYG 06/02 Rev HS 54.81 +3.49 52.45 60.95 2.8M 3.8M 48.78
Buy Not Issued. Big gap away and rallied, but if it tests back to the 50 day EMA (53.36) for instance and holds, then there is still plenty of upside from here to make it worthwhile. So, we keep watching it and see if it will show its hand for us Friday.
LNCR 06/01 PreSplt 47.98 +1.60 48.19 53.95 985K 1M 46.18
Current. Three day pullback, held the 50 day EMA (45.79) Wednesday with the doji, and then bumped higher Thursday. Volume was just average, but the upside move was a little more than a 'bump' to be honest. Showing life at the 48 mark with those April highs, and now we see how another shot higher does with the June peak (48.90). Watching how it wraps things up Friday.
LULU 06/08 Test 50 40.83 +1.73 39.93 49.88 3.8M 1.8M 37.13
Buy Not Issued. Gapped, surged, and then closed well off its high. The gap didn't help and the fade off the high was icing to keep us out for now. If it holds here over the 18 day EMA (39.87) and continues upside then we can move in, but have to wait and see what we get.
NEM 04/14 Flag 56.11 +0.41 55.48 62.95 7.4M 10M 55.22
Current. Gapped, filled, and then bounced to close with a doji. Held the move to finish in the green, but a softer bounce than many others we saw Thursday. Overall it is fine as it holds at a safe range, but there is some resistance at this point with the late April peak as well as the early May gap up point (56.66 open). Still like the setup, but seeing now if it can move on through that level.
NETL 05/19 Dbl btm 27.70 +0.89 28.98 34.89 769K 2M 27.53
Current. Sagged for several sessions, but did manage to hold the May lows so we just left it alone. Good thing as it gapped back up and then kept pushing further into the finish, holding a nice gain. Still have to work on over the 18 day EMA (28.09), and the 50 day EMA (28.84) after that, but we can give this one time to run for now.
NFLX 05/29 Flag 118.66 +3.23 111.89 122.00 3.5M 3.2M 108.39
Buy Not Issued. Dropping this newer position as the gap up has killed the risk/reward of the play.
NFLX 05/11 ABCD Up 118.66 +3.23 104.89 122.00 3.5M 3.2M 110.89
Current. Gapped up, showing life yet again to the upside. The stock is starting to near our target, with just a couple more days higher hitting our mark, but have to see how it reacts Friday as we have that May intraday high to look at. Should not be much of a problem, but NFLX did show a doji Thursday under that 120ish point. So, will see if this bounce can carry the stock higher to end the week, or if it does start to take a breather at this light resistance point.
NTRI 05/17 Test BO 21.43 +0.50 22.28 28.89 483K 2M 20.48
Current. Punched through the 50 day EMA (20.97) and then slid to close at the 18 day EMA (21.46). Showing nice life to keep the play in shape, but this is another point we want to see the stock move through. So, watching it Friday to see if it can continue the upside.
ORBK 06/05 DB hdl 11.63 +0.22 12.02 13.94 155K 125K 11.18
Buy Not Hit. Lower intraday, but swung hard back to the upside, closing solidly higher. Turned up like we thought it would, but could not quite reach our buy point (and closed off the high anyways) so we did not buy it. Still in good position, and with good volume backing the move we can see if it keeps it up Friday. Again, not normally a fan of Friday buying, but if we see what we want, will not ignore the stock.
OSIS 06/01 DB hdl 27.58 +0.45 27.05 31.55 134K 275K 25.97
Current. Nice little pop higher Thursday, holding the entire move into the finish. This one is looking good, and very ready for an extended move higher, but now it needs to keep it up to move through the early April consolidation at 28ish. So, will let it play out for now to see what it can show us.
PNRA 05/27 Dbl btm 82.46 +2.09 81.58 88.54 278K 755K 78.87
Current. Gapped up Wednesday (though closed off the intraday high), and then showed even more upside for us Thursday. Nice bounce for us Thursday, but it is getting to a key point now. Have that late April gap point (83.98 open), and the June peak (82.45 open) as some resistance. The table is set, but now seeing if PNRA can rise to the occasion.
ROST 05/21 ABCD Up 57.47 +1.87 52.87 58.91 2.6M 3.2M 54.57
Current. Big turn higher Tuesday, and has just kept the momentum up with the Wednesday/Thursday upside. A new closing high for just, but now it is time to take out that intraday high (56.40), and from there we see if it can reach the April peak (58.75 open). So, have to be watchful, as another session like this hits our target.
SNDK 05/25 Pennant 44.49 +1.74 45.45 49.89 8.5M 12M 42.92
Current. Took it easy for four sessions, but got things back on track Thursday with this slide higher. Nice bounce up from the 18 day EMA (43.64), and is starting to move past those April and early May highs as well. Doing its job, so for now we can just leave it alone to see how it continues.
SNDK 04/29 Flag 44.49 +1.74 39.14 49.94 8.5M 13M 42.92
Current.
TIE 06/10 BO 19.24 +1.19 19.09 21.94 5.3M 4.5M 17.17
Entered today. Big surge Wednesday that could not stick, but gapped and started to run Thursday. Really getting the breakout going, so picked it up, and it looks set to go as it held the entire move into the finish.
UA 06/06 DB hdl 33.30 +1.38 34.05 39.89 807K 1.2M 31.78
Buy Not Hit. This is better. Gapped higher, filled back to the 50 day EMA (32.21), then bounced to finish the day solidly in the green. Getting back on track, but now have to see UA continue more before it hits our buy point. Will see what it does Friday.
USO 06/10 Rolling 34.77 +0.82 34.74 38.18 11M 16M 33.52
Entered today. Set up for a nice roll higher, and as it continued to the upside Thursday, we bought it. It did finish with a doji, but it can test back to the 18 day EMA (34.08) and early June highs and be just fine. Nothing says it can't just keep up the gains Friday, though.
WRLD 05/20 ABCD Up 35.10 +1.14 37.18 44.89 218K 500K 34.33
Current. Held along the May lows and 200 day SMA (33.22) for a couple days, and then took this Thursday shot higher. Looks ready to get things going again, but have to see that it can move on past the 10 and 18 day EMA (34.98, 35.28) now. Will see if it does just that Friday.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAPL 06/01 Dbl Top 250.51 +7.31 255.88 239.11 28M 34M 259.32
Current. Looked better for the downside after that Wednesday fall, but it held the April gap point and bounced. Still below that post gap level (259.22), but have to be careful if AAPL continues now. If it shows too much more to the upside we have to look at killing it. Will see if it can weaken or slow down any Friday.
CVS 05/29 BearFla 31.90 +1.23 33.80 30.65 24M 12M 31.64
Current. Gapped and then bounced with the rest of the market, holding the upside into the closing bell. Have already made good money with this one, though, so just letting it play out for now. It can start to slow now and stall with the falling 10 day EMA (32.74), forming another bear flag. With that in mind, we see how it finishes up the week.
PCLN 05/29 BearFla 181.24 +6.05 189.64 177.65 1.2M 1.9M 183.54
Current. Just bouncing back with the rest of the market, but not great to see as PCLN bounced up after holding the May low for several sessions. Will see if any bouncing can stall out shortly, but have to be careful with too much upside at this point. Watching how it finishes things Friday.
SPY 05/29 BearFla 109.15 +3.10 108.64 104.45 318M 310M 107.92
Current. Big gap up and ran further until closing at the 18 day EMA (109.41). It did hold under that resistance level, and is still under the June highs, but not looking as good now. This one needs to slow down very soon and turn back down to keep the play in shape.
TEX 05/29 HdShldr 20.38 +1.31 20.81 17.44 2.2M 2.7M 20.82
Four days down, but bounced back up Thursday. After four days lower, TEX does have room to test, so we see how it continues to the 10 day EMA (20.59). If it can push on past, there is more resistance over head from the 200 day SMA (21.30) and others to hold it down. Indeed, if it gets to that point and flops back nicely, it could be an entry. Will watch for that and see how things pan out Friday.
ZMH 06/02 BearFla 54.06 +0.84 54.05 50.46 1.9M 2.5M 55.11
Gapped up and then slid a bit further to finish at the 10 day EMA (54.20). Saw many others with bigger upside, so nothing too bad with this one, and can see how things finish Friday. If it stalls, fine; if it keeps going, we watch how it reacts with the falling 18 day EMA (55.28).
End part 2 of 3
|
us stock market
top stock pick
|
