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Begin part 3 of 3

THE PLAYS:

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Each play contains an additional link to a VIDEO that discusses the play in terms of the CHART PATTERN it is currently showing. Patterns, buy points, and targets are discussed along with other points that make the play a good one as well as what areas to watch for. *********** *************

Upside:

Play Date: 06/10/2010
CHK (Chesapeake Energy--$23.44; -0.55; optionable): Natural gas exploration and production
http://biz.yahoo.com/p/c/chk.html
After Hours: $23.50
EARNINGS: 05/04/2010
STATUS: Trend reversal. A week back natural gas got a shot in the arm when the Administration, post-BP spill, talked of natural gas, coal methane gas, etc. It was enough to send CHK up through its 5 month down trendline. Solid surge to the 200 day SMA, and then it stalled to test. Came back Tuesday on the low and tapped the 50 day EMA. Wednesday it was back again, holding the 50 day EMA on the close. A jump in volume both sessions indicates the buyers are at that level, ready to move in. Looking for a solid jump off that level that can stock to give us the buy.
VIDEO: http://investmenthouse1.com/ihmedia/CHK.wmv
Volume: 22.053M Avg Volume: 17.992M
BUY POINT: $24.04 Volume=23M Target=$28.54 Stop=$22.74
POSITION: CHK J1023.00 - Oct. $23c (60 delta) &/or Stock

Play Date: 06/10/2010
DTG (Dollar Thrifty Auto Group--$43.99; -0.05; optionable): Auto rentals
http://biz.yahoo.com/p/d/dtg.html
After Hours: $43.99
EARNINGS: 08/04/2010
STATUS: Pennant. DTG made us some excellent coin this year. Over the past 5 weeks it has formed series of lower highs but has constant lows at the late April gap up point, now coincident with the rising 50 day EMA. Very solid pattern and a very nice test is setting up the next move. If that move is a break upside on some volume, moving through the 18 day EMA, we are ready to enter for a continued rally after this very nice consolidation.
VIDEO: http://investmenthouse1.com/ihmedia/DTG.wmv
Volume: 868.243K Avg Volume: 1.307M
BUY POINT: $45.57 Volume=1.7M Target=$52.24 Stop=$42.54
POSITION: DTG 10J45.00 - Oct. $45c (56 delta) &/or Stock

Play Date: 06/10/2010
TIE (Titanium Metals--$18.05; +0.79; optionable): Titanium
http://biz.yahoo.com/p/t/tie.html
After Hours: $18.05
EARNINGS: 08/02/2010
STATUS: Range breakout. TIE bounced up and down in a range from 14 to 17.35 from March through Tuesday. Wednesday it gapped higher, surging on very strong, above average trade, the highest trade in over a month. This followed an attempted breakout last week, and the pullback has formed something of a handle. TIE closed well off the high on the session, but it held the gap higher out of the pattern. Looking for this move to hold and TIE to resume the upside. When it does we are ready to move in.
VIDEO: http://investmenthouse1.com/ihmedia/TIE.wmv
Volume: 7.622M Avg Volume: 4.305M
BUY POINT: $18.21 Volume=4.5M Target=$21.94 Stop=$16.94
POSITION: TIE 10I17.50 - Sept. $17.50c (60 delta) &/or Stock

Play Date: 06/10/2010
USO (United States Oil Fund ETF--$33.95; +0.76; optionable)
After Hours: $34.01
STATUS: Rolling. Oil has been slaughtered, but it is also still within its seven month range. It has just made a higher low and on Wednesday oil gapped higher, managing to hold the gain into the close. We like the gap and if USO (oil) can continue higher we are interested in starting some positions. Then we see how it handles the February low (35.09). Expecting oil to continue its move up higher in its range. After all it is the driving season now.
VIDEO: http://investmenthouse1.com/ihmedia/USO.wmv
Volume: 16.198M Avg Volume: 13.277M
BUY POINT: $34.08 Volume=16M Target=$37.31 Stop=$32.48
POSITION: USO 10J33.003 - Oct. $33c (62 delta)

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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