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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 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 segment in a longer video. Click on the link to the portion you wish to view.
MARKET OVERVIEW
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TO VIEW THE NEXT SESSION VIDEO CLICK THE FOLLOWING LINK:
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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:
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* * * * * * 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:
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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 06/28 Test BO 248.48 -3.05 270.05 294.45 37M 32M 262.89
Buy Not Hit. Gapped up to the 50 day EMA (254.55), filled the April gap down, and then rebounded off the lows. Nice, strong volume as it did touch the support and hold. Looks good for the bounce, just has to actually show it now.
AAPL 07/08 Rolling 248.48 -3.05 138.55 149.91 37M 23M 262.88
Current.
AAPL 04/15 Test 20 248.48 -3.05 119.69 132.77 37M 25M 262.88
Current.
AKAM 05/06 Flag 40.35 -0.22 38.14 44.75 5.8M 4.5M 42.11
Current. Just a hair lower Thursday, forming a doji at the 50 day EMA (40.30) after bouncing nicely off the intraday lows. Just what you want to see, and looks to be preparing for the move back up. So, will give it longer to see just what it can do.
AKAM 04/05 Flat 40.35 -0.22 32.84 39.89 5.8M 4.5M 42.11
Current.
ARO 05/22 Test 20 30.50 +1.86 29.18 33.44 5M 3M 28.97
Current. Started to slip below the 50 day EMA (29.00) the past several days, but a big shot higher Thursday to retake it. Very strong volume with this move, and then stuck all the gains into the close. This is what we wanted to see, and now giving it a chance to continue on past the mid-June high (30.82).
ASH 06/11 Trnd Rv 45.49 -0.93 56.34 63.94 1.5M 2M 52.68
Current. This one fell again to finish below the 200 day SMA (46.39), but as it was rebounding off the lows we left it. Will see if it can bounce now to give us a better exit, or if it continues higher, maybe even something a little better. Just do have to watch that a bounce doesn't stall out as that would be our cue to leave.
BIDU 06/10 Test 50 68.55 +0.47 72.46 83.94 12M 18M 71.22
Current. Short gap up, and finished with a doji after a nice bounce up off the intraday lows. Still holding under the 50 day EMA (69.91), but it has stuck to this point the past several sessions ok. Will give it a chance over the June lows and see if it can hold and bounce back.
CAGC 06/11 Rolling 9.77 -0.38 12.70 15.42 700K 1.4M 11.88
Exited. A slight bounce off the intraday low, just not as much as others. Pulled the plug on it after this step back.
CMI 06/10 Pennant 64.82 -0.31 71.98 81.44 5.1M 4M 71.08
Current. Up and down intraday, finishing with a very tight doji right at the recent up trendline. Really nice. This one is positioning for the bounce back, now we just see if it can actually do that.
CREE 06/29 Rolling 60.71 +0.68 61.11 70.72 3.4M 3.8M 58.87
Buy Not Issued. This one is playing out nicely, undercutting the 200 day SMA (58.40) on the lows and then bouncing back to finish. Formed a doji Thursday, but a slight step up to look good over the May/June lows at 60. It just needs to keep working higher now to give us the entry.
CSX 06/30 Rolling 49.13 -0.50 50.46 56.94 5.4M 5.8M 48.89
Buy Not Hit. Tapped down at support from the late May and early June lows and then rebounding, finishing right at the 200 day SMA (49.08). Really nice action and setting up just like we want it. Now if it can take that step back higher and hold it, we look for our entry.
DLM 06/14 Flag 14.32 -0.07 15.44 18.55 2.1M 2.2M 14.39
Buy Not Issued. Just half a click in the red, but not bad at all as it bounced off the lows to form a doji. Still holding very near the lows from last week (14.41), and now also over the late May (14.06) and early June (14.03) lows. Will see if it bounces back from this point to get us looking for the buy.
DLTR 05/29 PreSplt 42.35 +0.72 45.90 41.26 2.2M 1.6M 41.26
Current. Tapped the 50 day EMA (40.96) on the low and then took off to the upside. A great step forward, and like how it held all the move into the close. This is what we wanted to see, and now just giving it time to continue for us.
DTG 06/10 Pennant 41.45 -1.16 45.57 52.24 925K 1.7M 42.54
Buy Not Issued. Not able to hold up near the key support areas with the continued fade Thursday. As it stepped back yet again, we had to drop it.
EDU 06/24 Flag 92.36 -0.83 100.29 112.94 465K 500K 96.44
Current. This one slipped again, finishing below the 50 day EMA (93.53). It did bounce nicely off the lows, however, and that kept us in the play. After a few days down it is due for a bounce, so we will see if we can get on now. When it does bounce, then it is key to see how far it can carry.
FFIV 06/05 Test 50 69.60 +1.03 69.57 78.95 1.5M 1.6M 70.92
Current. Nice reach lower and then rebounded to post a solid gain at the finish. Undercut the up trendline intraday, but bounced up from it with the solid rebound. This one is showing life after taking a couple days off, and even getting us thinking about a new play here. Now just seeing if it will turn back higher Friday like it is set to do.
FNSR 06/23 DB hdl 14.95 +0.05 16.15 18.94 2.3M 2.2M 14.96
Current. This one had quite a drop Wednesday, and continued the downside Thursday until getting a nice bounce off the lows. This one finished the day just a smidge higher, showing a doji right at the 50 day EMA (14.95). It does look like it can hold and try for the bounce, so now we just see if it does.
GLD 05/24 Test 18 117.04 -4.64 117.32 122.24 33M 38M 120.54
Current. It dove as gold dove. As noted we were hearing this was the unwinding of a big upside play on gold for the new quarter and likely a one-day event. With that in mind, we will see how it reacts to wrap up the week. Just looking for it to hold up or start to bounce back to get things back into shape.
GMCR 06/25 Flag 25.98 +0.28 27.10 30.95 1.8M 5.5M 25.31
Current. Another one that had a long intraday reach down that reversed back to positive. Did good work Thursday, but still has some left to do at this band of support/resistance. It is over the April gap down point now (25.84), but still at the 50 day EMA (25.96) and that Tuesday gap down point (26.10 open). It is set to move higher, but seeing if it can actually do that now.
ILMN 05/11 ABCD Up 42.81 -0.72 42.74 47.95 2.3M 2M 42.74
Current. Stepped lower to finish in the red Thursday, but it recovered the 50 day EMA (42.18) after undercutting it intraday. Nice bounce off the lows, and it is also showing life at the late April and early May highs (42.82). Just looking for the hold at this point and then giving it a chance to bounce back.
INFY 06/30 ABCD Up 59.10 -0.81 60.84 66.75 2.2M 2M 59.31
Buy Not Hit. The stock slipped a little to fall below the 50 day EMA (59.80), but it did manage to hold up with that early June peak just fine. Still a nice ABCD pattern set up, and just seeing if it will turn up off this point. If it can do that, we look for our entry.
IWM 05/24 ABCD Up 60.68 -0.44 65.48 73.95 114M 100M 64.21
Current. Sold with the small caps and reversed solidly into the close. Has the look of a reversal as in May and June off of those lows. It is also showing a doji, similar to what we saw in the prior month's reversal. So, seeing if it makes the swing back up, but still wary if it begins to fizzle out.
JOSB 06/29 Rolling 55.96 +1.97 55.43 63.74 355K 500K 51.91
Buy Not Issued. Started a little lower, but a nice pop up to finish the day solidly higher. Looking good after this move and now just waiting as it could get some back peddling Friday on the jobs report. So, we wait and see. If it can hold the recent lows and then start back up, we will pick up a partial.
JPM 06/16 Rolling 36.08 -0.48 39.13 44.77 57M 50M 37.12
Current. Another little slide back Thursday, but as it was rebounding strongly off the lows we left it. After a few days down it is due for the bounce back, and we will see if this is the reversal that matters. Really looking for this next bounce back to be the one that sticks.
KLIC 06/23 DB hdl 7.21 +0.19 7.75 9.38 2.8M 2.5M 7.21
Buy Not Issued. Looking much better now as it reversed off its lows to finish positive. Still has to get back up through the 50 day EMA (7.40), but this one looks like it may finally be able to make the move now. So, will see if it can do that.
KWR 06/20 DB hdl 26.34 -0.75 30.62 34.94 166K 200K 27.91
Current. A nice break higher Monday, but has fallen for three days from there. The typical solid reversal of this Thursday, though, and that is signaling it may be ready now. Will give it time and see if it can move higher now.
LNCR 06/01 PreSplt 31.64 -0.87 32.13 35.95 3.2M 1M 32.28
Current. Not as big of a rebound off the lows as others, but it did tap the 50 day EMA (31.28) and bounce decently back. Now, this is where we want it to hold after the testing of this week. Will see if it can hold on for another day or so and then get back to work for us.
LSCC 06/26 ABCD Up 4.33 -0.01 4.48 5.45 1.5M 2.8M 4.17
Buy Not Issued. Tapped near the June lows intraday, and then bounced back to finish with a very nice doji. Looks pretty good, and moved the buy point and the target on this one. Now seeing if it steps back up and holds to give us our entry.
NDN 06/30 Trnd Rv 14.80 0.00 15.02 17.44 1.4M 850K 14.27
Buy Not Hit. Up and down intraday before finishing perfectly flat at the 50 day EMA (14.73). Formed a doji right at that support, and is just screaming that it is ready for the bounce. So, keeping a close eye on it and will be ready when it starts to step higher and holds it.
NEM 04/14 Flag 58.99 -2.75 55.48 62.95 14M 10M 58.91
Current. A bid turn down as it struggled on the dollar issues, but it bounced off the lows and held the line just fine. The stock is over a nice line of support from the May high (58.71), late June low (58.95), and 18 day EMA (58.94). This is where it should bounce from so we see if it can do that.
NETL 06/15 Rev HS 26.94 -0.26 29.88 34.89 1.2M 2M 27.79
Buy Not Issued. Another one that slipped back, but showing life with the rebound up from the lows. Also looks nice as it is holding right over the early June low (26.81). Set for the bounce, now just has to do it.
NETL 05/19 Dbl btm 26.94 -0.26 28.98 34.89 1.2M 2M 27.53
Current.
NFLX 06/30 ABCD Up 109.66 +1.01 110.22 126.55 3.3M 4.4M 106.46
Buy Not Issued. Down for a couple days, but showing a really nice doji at the 50 day EMA (107.03) Thursday. Also holding the late April and early May highs at this point, and primed to bounce. This is another one that can give us another entry with this next bounce up.
NFLX 05/11 ABCD Up 109.66 +1.01 104.89 122.00 3.3M 3.2M 115.44
Current.
NTRI 05/17 Test BO 23.06 +0.12 22.28 28.89 599K 2M 20.69
Current. Tapped clear back at the 50 day EMA (22.01) and then rebounded to finish the day with a doji. Holding up at light support and may try to carry this bounce off the lows into Friday. Would be nice to see, but will have to wait and see how jobs report affects it.
ROST 05/21 ABCD Up 54.75 +1.46 52.87 58.91 2.8M 3.2M 55.11
Current. A big day up for this one, moving on strong volume and finishing just over the 50 day EMA (54.58). Still has to get through the 18 day EMA (55.01) and that short gap point from early June (55.01), but it is doing its job. We can see if it continues, but do need to be careful if it begins to stall out.
SAPE 06/15 Asc Tri 10.04 -0.10 10.83 12.94 1.2M 1.5M 10.01
Current. Still under the 50 day EMA (10.16), showing another doji Thursday. This one is trying to bounce, but really needs to get a move on now. Will give it another day or two, but needs to show something.
SSYS 06/11 Trnd Rv 24.60 +0.04 25.44 29.94 235K 250K 23.94
Current. Quick day down Tuesday, bounced Wednesday, then a lateral step Thursday. Holding up over the lows from last week, but still holding under the 50 day EMA (24.56) with the doji. Key now is to get back over the 50 day, and from there we can let it run.
STE 06/28 Test 20 30.70 -0.38 31.21 36.95 383K 700K 29.87
Buy Not Hit. Tested the support at the June low and then bounced back. A step lower, but still a positive pattern and moved the buy point to account for this. If it can take the step higher we are looking for, still ready to buy it.
TIE 06/10 BO 17.47 -0.12 19.09 21.94 5.3M 4.5M 19.22
Current. Just a small step back Thursday, forming a doji after finishing well off the intraday highs and lows. Doing ok for the day, but it is starting to slip a little at the 50 day EMA (17.68). Need to watch it now to make sure it can hold up, and if it can, we give it time to bounce back.
TSCO 06/25 Rolling 61.24 +0.27 63.25 70.97 466K 800K 60.89
Current. Up and down the past two weeks to keep the pullback very controlled. This one was down intraday, then reversed nicely to hold up right at that April gap point (61.48). This is the key level to hold. It looks like it will bounce, but have to watch to make sure it does.
USO 06/10 Rolling 32.87 -1.09 34.74 38.18 14M 16M 34.11
Exited. Gapped down and then sold back on us. Just couldn't let it turn back on us too much so had to shut it down.
UTI 06/21 Rev HS 22.26 +0.12 25.31 29.95 263K 225K 23.57
Buy Not Hit. A nasty gap lower Thursday, holding at that point with a doji. Have to drop it after this move broke up the pattern.
VIT 06/11 Dbl btm 23.43 +0.15 22.08 25.95 665K 700K 23.18
Current. Slipped just under the 50 day EMA (22.53) then sliced nicely higher to finish. Not a huge move up, but showing life with the bounce from the lows. Now we see if it can continue higher again to finish the week, but keeping in mind the jobs report could affect it. So, just giving it time to see how it wraps up the week.
WBMD 06/22 Flag 46.69 +0.26 47.22 54.95 150K 450K 46.44
Buy Not Hit. This is more like it as it bounced back up to retake the 50 day EMA (46.40). Doing what it needs to at this key level of support and so we give it longer. If it continues higher again Friday it may hit our buy, so we will have to see what kind of strength it shows to decide if we move in.
WHR 06/20 Pennant 85.35 -2.47 104.79 118.31 3M 2.2M 98.44
Current. Not a fun ride down this week, and was lower again Thursday. It did hold the 200 day SMA (84.44), though, with a nice bounce up from the intraday low. Do not like the stock this low, but this is where it should hold now. Will see what kind of rebound we get, but if it stalls out at the May lows at 92 we have to look at shutting it down.
WRLD 05/20 ABCD Up 38.11 -0.20 37.18 44.89 262K 500K 38.89
Current. This one held the 50 day EMA (37.51) with the rebound off the low, looking good. Will see if it is done testing now, or if it fades the 50 day more before firming up. Watching what it does Friday and will go from there.
WYNN 06/23 Test BO 76.13 -0.14 88.80 99.95 3.9M 4M 82.58
Current. Quite a good bounce back off the lows to form a doji, but it is below that recent up trendline. Not crazy about that. We will see if the stock turns up off this doji, but if it begins to falter we have to watch it.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CSTR 06/29 Rollove 43.43 +0.46 43.66 38.32 1.3M 2M 45.12
Buy Not Issued. A small bounce up, holding the small gain into the finish. A good thing, though, as it needs to rebound a little after the choppy action the past several sessions. When it gets to that April gap point (44.36) and stalls out, it will be looking great for the buy.
CVS 06/14 BearFla 29.23 -0.09 31.73 27.71 17M 12M 30.66
A big doji and recovery Thursday, closing well up off the intraday lows. Looks to try and bounce some after a pretty big straight drop for two weeks. Think about locking in some more gain if it dips Friday and then starts to bounce once again.
CVS 05/29 BearFla 29.23 -0.09 33.80 30.65 17M 12M 30.66
Current.
DIA 06/14 Rollove 97.34 -0.39 103.09 98.11 19M 17M 99.08
Target Hit. Took some more of 100% put option gain as DIA dipped nicely and then started to rebound. Looks like it may try to bounce back, but will see if it can stall under the May (98.53 open) and early June (98.27) lows. If it can bounce to there and stall, it may have more downside left it in.
HAL 06/14 BearFla 24.98 +0.43 25.54 21.24 27M 24M 27.31
Buy Not Issued. Still in position to fade but want to see how stocks react to jobs report. Could very well see some upside ahead of the 3 day weekend, so just waiting to make sure it holds under the 10 and 18 day EMA (25.30, 25.39). When it can stall out and turn back down, we look for the buy.
OII 06/29 BearFla 44.13 -0.77 44.04 40.02 933K 1.5M 46.08
Buy Not Issued. Bounced off the lows but still finished on the downside. That keeps the play looking good but want to see the reaction to jobs report. If it cannot break back above the near resistance at 10 day EMA (45.53) the play is on if it fades.
SPY 06/21 Rollove 102.76 -0.46 109.89 106.00 383M 28M 104.66
Target Hit. Took some more of 100% put option gain as SPY sold nicely and then rebounded to form a doji. Looks like it might try for a bounce, and if it does that we see if it can hold under the May (105.11 open) and June (105.49) lows. If it gets to that point and stalls, it may have more downside left.
TEX 05/29 HdShldr 17.71 -1.03 20.81 17.44 5.7M 2.7M 18.66
Higher volume as TEX stepped straight lower Thursday. It was not able to bounce off the lows much at all, and is now slipping below the February lows (17.97). It may continue to fall, but we will wait and see how the weekend wraps up.
End part 2 of 3
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