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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 10/01/2008
BWLD (Buffalo Wild Wings--$40.76; +0.52; optionable): Restaurants
http://biz.yahoo.com/p/b/bwld.html
EARNINGS: Last week October
STATUS: Breakout test. BWLD surged higher two weeks back on the bailout news, clearing a 16 month cup with handle. As with many stocks after the surge it tested back. It has moved laterally the past week, closing at the 18 day EMA as it trades laterally in that range. Very solid action, holding solid in a weak market. Money flow is surging higher. After this test we are looking for a strong break higher.
Volume: 275.418K Avg Volume: 658.114K
BUY POINT: $41.05 Volume=950K Target=$47.31 Stop=$38.18
POSITION: BQU LH - Dec. $40c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/bwld.html
Play Date: 10/01/2008
CME (Chicago Merchantile Exchange--$397.75; +26.24; optionable)
http://biz.yahoo.com/p/c/cme.html
EARNINGS: 10-29-08
STATUS: Trend reversal. Looking back at CME as it bounces right back from the Monday selling, holding the trend break and looking for some upside. CME peaked a long run in December and trended lower through July. A lateral, very flat move in August through the first three weeks in September, and then a gap higher over the trendline. It has tested and held, and is in great position to move higher from here.
Volume: 976.509K Avg Volume: 1.405M
BUY POINT: $400.31 Volume=1.8M Target=$448.00 Stop=$391.88
POSITION: CME KT - Nov. $400c (55 delta)
http://www.investmenthouse.com/ci/cme.html
Play Date: 10/01/2008
THS (TreeHouse Foods--$30.30; +0.60; optionable): Processed and packaged foods
http://biz.yahoo.com/p/t/ths.html
EARNINGS: 11-3-08
STATUS: Ascending base. Nice strong volume Wednesday as THS broke higher over resistance at 30, clearing its 8 week base. Part of a larger 24 month base and this breakout is actually a breakout from the big pattern as well. Strong money flow is leading the way higher and THS is following it on the move. Very solid.
Volume: 462.938K Avg Volume: 340.669K
BUY POINT: $30.48 Volume=475K Target=$35.00 Stop=$28.89
POSITION: THS KF - Nov. $30c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/ths.html
Downside: Have to be ready for the downside as well as you just don't know how the market will respond to the bailout and after.
Play Date: 10/01/2008
EEV (UltraShort Emerging Markets ETF--$98.19; +1.14; optionable)
STATUS: EEV is the upside vehicle for shorting the emerging markets. It is testing the 50 day EMA as it rests and consolidates after a volatile decline on the announcement of a bailout plan in the works a couple of weeks back. It made us a ton of money before that on the September run. Going to be patient
Volume: 1.63M Avg Volume: 1.315M
BUY POINT: $103.11 Volume=1.8M Target=$120.00 Stop=$98.21
POSITION: FEJ KT - Nov. $100c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/eev.html
Play Date: 10/01/2008
SDS (UltraShort S&P500 ETF--$69.77; -0.53; optionable)
http://biz.yahoo.com/p/s/sds.html
STATUS: Upside version of playing the SP500 downside. SP500 rebounded after the Monday meltdown. It held its ground Wednesday. That can be good if it is a prelude to a follow through. If the bailout hits a snag or even not it could still stall out and turn back down; it may be trying to follow DJ30 and its possible double bottom, but there is a long way to go still.
Volume: 39.24M Avg Volume: 28.825M
BUY POINT: $70.88 Volume=40M Target=$78.95 Stop=$68.11
POSITION: SDS KR - Nov. $70c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/sds.html
Good Investing!
Jon L. Johnson and The Daily Staff
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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us stock market
stock recommendation
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