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us stock market, trading system
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 ECONOMY 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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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
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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:
http://www.investmenthouse.com/rescue/rescue.php3
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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 258.09 -0.58 138.55 149.91 26M 23M 262.88
Current. Gapped up, tested clear back to the 50 day EMA (254.37), and then bounced to finish flat. AAPL is range trading and the interim May and June peaks are next resistance at the 265ish mark. Also need to note the island reversal in mid-June with the gap through the interim highs and then the gap back down as the selling got really started again. Interesting action and now we see how the stock can wrap up the week.
AAPL 04/15 Test 20 258.09 -0.58 119.69 132.77 26M 25M 262.88
Current.
AKAM 07/01 Test 50 43.00 +0.27 42.54 46.91 3.4M 6M 39.11
Current. Not able to do much after the hug Wednesday move, and it closed well off the highs to form a doji. That did give us the hold right over the 18 day EMA (42.39), though, and that is a great place to spring up from. Now just seeing if the stock breaks through some resistance with the gap down point from last week (43.68).
AKAM 05/06 Flag 43.00 +0.27 38.14 44.75 3.4M 4.5M 42.11
Current.
AKAM 04/05 Flat 43.00 +0.27 32.84 39.89 3.4M 4.5M 42.11
Current.
ARO 05/22 Test 20 28.36 -1.95 29.18 33.44 8M 3M 28.97
Exited. This one bounced back Wednesday off of nice support, but gave it up quickly Thursday with the selling. Did not like this action and had to bag it.
BIDU 06/10 Test 50 72.43 +0.06 72.46 83.94 11M 18M 71.22
Current. A short pause after the strong Wednesday move, but still tapped the 10 day EMA (70.99) on the low nicely and then bounced. This one is definitely range trading now, so just giving it a chance to work for us. Will see how it wraps up the week and then go from there.
CAT 07/03 Test 20 63.17 +0.99 61.66 69.94 6.1M 12M 59.13
Current. Gapped up, filled back to tap the 50 day EMA (62.28), and then bounced to show a doji. Not a bad way to follow that Wednesday shot higher, and it is starting to work past a little resistance with the gap down from last week. For now we give it time to see if it continues.
CREE 06/29 Rolling 65.72 -0.35 62.66 70.72 4.1M 3.8M 58.88
Current. Gapped up, faded back to the 18 day EMA (64.33), and then bounced to finish nearly flat. This one is starting to work against its first resistance with that May gap point (68.75 open) and then the June high (70.66 open). An important point for this one to move through.
DLM 06/14 Flag 14.72 -0.19 15.44 18.55 1.9M 2.2M 14.39
Buy Not Issued. Looked a lot more solid after the Wednesday gains, but this one slid back Thursday to test at the 50 day EMA (14.67). A nice level of support, but we are not going to get a straight shot higher out of this one. Just have to see if it can start to bounce, and then if it can get some momentum to keep it working higher.
DLTR 05/29 PreSplt 41.85 +0.24 45.90 41.26 2.2M 1.6M 41.26
Current. Same store sales were out for retailers and DLTR did okay, forming a doji after just a slight step higher. Hit Wednesday by FDO guidance and just needs to see how it tests right now. For the time being, it is showing life over the 50 day EMA (41.17) as it needs to do.
FFIV 07/01 Test 50 75.53 +0.41 71.86 78.95 1.8M 1.6M 69.39
Current. Bolted higher Wednesday, then side stepped Thursday as it formed a doji. Could very well test a little back from this move, but it could turn out to be more of a continuation doji. Have to just give it time to see how it pans out, and can let it do so as it is in no real danger.
FFIV 06/05 Test 50 75.53 +0.41 69.57 78.95 1.8M 1.6M 70.92
Current.
GDI 07/06 Rolling 46.79 +0.98 44.71 50.94 285K 750K 42.21
Buy Not Issued. Gapped up and ran farther from there. This one is just out of reach right now so dropping it for the time being.
GLD 05/24 Test 18 117.21 -0.52 117.32 122.24 11M 38M 120.54
Current. Gold basically flat, and GLD showed a doji after bouncing up from the intraday low. Holding up where it needs to for now, but this is one that does need to start getting back on track soon. Looking for some upside Friday to end the week right.
GMCR 06/25 Flag 26.48 -0.12 27.10 30.95 1.1M 5.5M 25.31
Current. Solid Wednesday action, and just held flat Thursday after bouncing up from the intraday low at the 50 day EMA (26.00). Not a bad little doji on the session, and now just giving it room to continue higher from this point.
ILMN 05/11 ABCD Up 44.44 +0.62 42.74 47.95 942K 2M 42.74
Current. Another solid step forward Thursday, though volume was lighter as the upside did slow some. Still, this one is looking pretty strong. May get another day of gain out of it as it heads towards the June high (45.06), but may have to give it time at that point. For now need to wait and see.
INFY 06/30 ABCD Up 61.34 +0.57 59.84 66.75 1.5M 2M 57.21
Buy Not Issued. This one gapped higher and then showed a doji. Decided to wait for the buy with this move, so watching how it reacts Friday. If it can turn back down to gather its strength again, we move in with the next shot higher.
IWM 05/24 ABCD Up 61.98 +0.88 65.48 73.95 58M 100M 64.21
Current. Gapped, filled, and then bounced to form a doji Thursday. Still need to watch it, but it did move up slightly past the June low (61.89) and the 10 day EMA (61.81). Seeing if it can do something with this move, but will not be surprised if it takes its time the next couple days.
JOSB 06/29 Rolling 54.38 -0.16 55.43 63.74 248K 500K 51.91
Buy Not Issued. Up Wednesday but not able to continue on higher Thursday. Still, it held up just fine with this lateral move, so nothing wrong with giving it a little longer. Will see how it does at this support level, and if it can start to bounce for us early next week.
JPM 06/16 Rolling 38.16 +0.01 39.13 44.77 41M 50M 37.12
Current. Gapped but faded to flat after the good move on Wednesday. Not worried about it really; said it would be a rally that frustrates many so just waiting it out for now. Will see how this one looks heading into the weekend and go from there.
KLIC 06/23 DB hdl 7.59 +0.01 7.75 9.38 1.7M 2.5M 7.21
Buy Not Issued. Similar to others as it started the day higher, but nothing stuck so the stock finished flat. Did show life as it bounced off the lows at the 50 day EMA (7.40), so for now we just keep an eye on it. Still waiting for the short push up from this level to hit our buy point.
KWR 06/20 DB hdl 27.41 +0.29 30.62 34.94 112K 200K 27.91
Current. Short gap up to follow the Wednesday blast, sitting right on top of the 50 day EMA (27.20) with the doji. Not a bad follow up move to the Wednesday bounce, and will give it a day to cool off. If it can start back up from this support level, it is doing great.
LSCC 06/26 ABCD Up 4.61 -0.03 4.48 5.45 1.1M 2.8M 4.17
Buy Not Issued. Showed the familiar gap and slide back to flat like many other stocks Thursday. Still, showing life with a little bounce up from the lows to hang on at the 50 day EMA (4.59). We can wait and see how it does at this support, and then look to move in with the bounce back.
LULU 07/03 Rolling 38.72 +1.14 37.20 45.11 1.3M 2M 35.52
Current. Gapped up to finish the day with a doji just over the 10 day EMA (38.48). It is starting the move up off the bottom of the range, but now we see if it can make the straight shot higher. More likely it does not do that, so we will not be surprised with a little pause or fade before the gains continue.
LZ 07/07 Rolling 84.14 +1.51 84.22 95.66 614K 1M 78.32
Entered today. Solid Wednesday jump higher, and then continued the gains Thursday. As it held up with the doji over the 18 day EMA (83.55) we moved in, and will see what it can do from here.
NDN 06/30 Trnd Rv 15.21 +0.07 15.02 17.44 591K 850K 14.27
Buy Not Issued. Nice bump higher Wednesday like most other stocks, then just slight pop up Thursday. It formed a doji so now we wait a bit. If it can turn back off this doji we can get a better entry from the test back. Will see if it does that.
NETL 06/15 Rev HS 29.61 +0.05 29.88 34.89 1.3M 2M 27.79
Buy Not Issued. Same story as most others Thursday as it paused after the Wednesday gains. We let it take this pause and see if it tests towards the 50 day EMA (28.69) for a bounce, or if it can keep climbing straight up.
NETL 05/19 Dbl btm 29.61 +0.05 28.98 34.89 1.3M 2M 27.53
Current.
NFLX 06/30 ABCD Up 116.98 -1.51 110.22 126.55 3.8M 4.4M 106.46
Tried to work intraday, but rolled back to finish down at the 18 day EMA (114.25). Good support is intact, so we can just watch this one as it holds. Will see if it can take the bounce back in the next day or so.
NFLX 05/11 ABCD Up 116.98 -1.51 104.89 122.00 3.8M 3.2M 115.44
Current.
NTRI 05/17 Test BO 22.54 +0.30 22.28 28.89 613K 2M 20.69
Exited. This one did bounce back some Thursday, but it just wasn't enough. Gave it the axe after the slow Thursday action.
NVLS 07/06 Rolling 26.34 +0.29 25.85 28.95 2.3M 4M 24.31
Current. Nothing new for this Thursday with the short upside move to follow the strong Wednesday gains. Nice bounce off the lows to form a doji, but have to see now if it can get up through that gap point from last week (26.41). That is the next level to take out but will give it a couple days.
PCLN 07/01 Rolling 199.28 +8.55 188.43 199.35 1.9M 1.8M 190.22
Target Hit. Took some of 58% option gain on positions taken Wednesday as PCLN gave another strong thump higher. Now bumping right into the 50 day EMA (199.50) so will give it a few days to move through that level.
SAM 07/06 ABCD Up 69.93 +0.43 66.22 73.91 223K 215K 62.48
Buy Not Issued. Dropping this one as it held up just fine Thursday. Need to get some test out of it and just not seeing it.
SANM 07/03 Rolling 14.20 +0.56 13.52 16.21 1.1M 2M 13.13
Current. Strong Wednesday bounce, then followed it up with more stellar Thursday gains. This one is doing a great job for now, so just leaving it alone to see how far it can carry before needing a rest.
SAPE 06/15 Asc Tri 10.84 +0.41 10.83 12.94 1M 1.5M 10.17
Current. Another very solid push higher by SAPE to butt right up against the June peak (10.94 open). Looks very good, but now we see if it pushes on through from here. If it can, great; if it rests, we just see how it holds up.
SHAW 07/06 Rolling 34.59 +0.54 33.85 37.94 469K 1.1M 31.97
Buy Not Issued. A pretty decent sized step higher, but not worth the buy Thursday as it gapped to a doji. Also right under the 50 day EMA (34.88), so we will give it a chance and see how it reacts. If it gets a little test back, and it looks like it will, then we have a better entry as it resumes the upside.
SSYS 06/11 Trnd Rv 23.54 +0.46 25.44 29.94 107K 250K 23.94
Current. Higher Wednesday, then showed another solid step up for us Thursday. This one is bouncing up off the bottom of the range, and doing a good job of it so far. We can just see if it keeps it up Friday and how things look heading into the weekend.
STE 06/28 Test 20 31.32 +0.09 31.21 36.95 335K 700K 29.87
Buy Not Issued. Side stepped Thursday with the doji right under the 200 day SMA (31.45). A pretty good reason not to buy. We can see if it gets a little rest now, and will be ready to move in with the bump higher that sticks a nice gain.
SWKS 07/03 ABCD Up 17.15 -0.14 17.19 19.55 3.8M 8.5M 15.97
Current. Not able to keep up after the Wednesday action, but it did show life as it bounced up from its intraday lows at the 18 day EMA (16.91). Just giving it time to make the move higher as it is most likely not going to be a straight shot up.
TEN 07/03 Test 20 21.29 +0.34 21.11 25.91 972K 2M 19.63
Buy Not Issued. This one reached clear up to the 18 day EMA (22.07) on the high before fading back to form a doji. Managed to finish positive thanks to the initial gap up, but does look like it will take its time with this leg up. So, letting it play around Friday and will see what it can do.
TIBX 07/01 Test BO 12.76 +0.14 12.52 13.94 2.9M 5M 11.55
Current. Gapped to form a doji just over the late June high (12.67 open). Likely it does test back now, but at this level we can let it play around some. Will see how things finish up Friday and then go from there.
TIE 06/10 BO 19.07 +0.25 19.09 21.94 2.9M 4.5M 19.22
Current. Bounced up from the intraday lows at the 18 day EMA (18.56) to form a doji on the session. Not bad, but is at a little resistance point with the gap down from last week (18.85 open). Seeing now if TIE can hold up at this point and bounce to keep the upside moving.
TJX 07/07 Rolling 41.53 -1.98 43.64 49.89 15M 6.8M 41.43
Buy Not Hit. Gapped and sold on SSS though it upped its guidance. Bounced off the 200 day SMA (40.86) on the low so giving it some time to rebound. It still needs to get over the May lows (42.12 open), but we can give it a chance to do so.
TSCO 06/25 Rolling 65.41 +1.65 63.25 70.97 1.6M 800K 63.48
Current. Gapped higher on its upped guidance (1.71 to 2.03-2.05), but could not stick the whole move and it slid back. Still, a pretty substantial move higher and now we see how it reacts. Would not be bad at all if it slid to the 50 day EMA (64.35) and started to bounce back from that point.
UA 07/07 ABCD Up 35.40 +0.79 35.28 39.94 837K 1M 32.11
Entered today. Started to move Wednesday, and then we bought it as it showed it could keep it up Thursday. Really looking good at this point, so for now just giving it time to see how it continues.
VIT 06/11 Dbl btm 26.12 +2.04 22.08 25.95 1.5M 700K 24.02
Target Hit. Took part of the 16+% stock, 63% option gain as VIT gapped and then ran higher into the finish. A very solid move but now it gets very interesting as it is right at the April highs (26.37). Will see if it can keep it up, but would not be surprised if it tested back some now.
WBMD 06/22 Flag 46.74 +0.10 47.22 54.95 156K 450K 46.44
Buy Not Issued. Held flat Thursday to keep the 50 day EMA (46.43) as support, but nothing to buy with. Have to watch how it does at this support the next couple of sessions, and still ready for the buy if we get the thump higher we are looking for.
WYNN 06/23 Test BO 78.85 +0.35 88.80 99.95 2M 4M 82.58
Current. Nothing new with the stalling Thursday after the big Wednesday jump. It did form a doji right under the recent up trendline so we do have to watch out for that. That is a key point to retake now with the next push higher, so do want to see that fairly soon.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BTU 07/03 BearFla 42.72 +0.76 41.22 35.05 4.3M 8M 42.98
Buy Not Hit. Gapped upside to fill the June gap lower. If it gaps down from here could be a good downside entry point, but want to see the gap stick before we can touch it.
CLF 07/06 Rollove 49.42 +0.99 48.37 40.11 7.4M 10M 50.68
Buy Not Issued. Gapped up, but it is holding under the 200 day SMA (50.15) with the doji. Not bad for the play, and if it rolls over here it is doing very good. Will see if it can stick the step lower to give us the buy.
CSTR 06/29 Rollove 46.53 +1.99 44.88 38.32 1.2M 2M 46.93
Buy Not Issued. Not looking quite as good as it bounced again, but it is sticking under the 50 day EMA (46.58) so still watching it. If it can fail at that support, we keep looking for our entry.
CVS 06/14 BearFla 29.43 +0.30 31.73 27.71 11M 12M 30.21
Short gap up to a doji, just testing like the rest of the market. Will see how it looks closer to the 30 mark, and if it fails there, it looks good for the continued downside play.
CVS 05/29 BearFla 29.43 +0.30 33.80 30.65 11M 12M 30.21
Current.
DECK 07/06 Put 47.00 +0.28 46.64 38.89 852K 1.8M 48.69
Buy Not Hit. Gapped up to the 50 day EMA (48.22) but rolled on over to finish just barely positive. Will see if it can flounder at this resistance, and then look to move in with the step back that holds.
DIA 07/06 BearFla 101.51 +1.22 97.32 92.11 9.5M 18M 98.78
Buy Not Hit. Gapped back up through the gap down point from late June. A sign of strength. If tests and holds we close the rest of the downside and wait for the move to stall. Not far from initial resistance at the May gap down point (102.97 open), as well as the 200 day SMA (103.62) so really don't want to give up on it. Still, need to watch it closely from this point to make sure it stays in shape.
DIA 06/14 Rollove 101.51 +1.22 103.09 98.11 9.5M 17M 99.08
Current.
HAL 06/14 BearFla 28.71 +0.72 26.63 21.24 21M 24M 29.62
Buy Not Issued. This one is approaching key resistance that is bolstered by the 200 day SMA (29.46). Will watch how it wraps up the week, then see how it is set for the move down next week. Will just be patient and see if it will drop back to give us the entry.
OII 06/29 BearFla 47.55 +1.20 44.04 40.02 629K 1.5M 46.08
Buy Not Issued. Continued higher yet again Thursday, forming a doji. Have to drop it for now.
SPY 07/06 BrkDwn 107.16 +1.05 102.16 98.34 211M 450M 104.71
Buy Not Hit. Very similar to DIA with the gap from May (109.38) acting as some resistance. Will see if it can stall out in this range to keep things looking nice, and then we can focus on the downside again. If it does not back down soon, however, we have to be careful with it.
SPY 06/21 Rollove 107.16 +1.05 109.89 106.00 211M 28M 104.66
Current.
TEX 05/29 HdShldr 18.12 +0.42 20.81 17.44 2.6M 2.7M 18.66
Up again Thursday as it bounced to follow that Wednesday move. Really not much of a bounce, though, as it gapped up to a doji. Likely it tests some now, so will watch how it holds under resistance from the June low (19.01) and 10 day EMA (18.70) the next few days and go from there.
End part 2 of 3
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us stock market
trading system
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