us stock market, trade stock

Begin part 3 of 3

THE PLAYS:

********** *************
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: 06/14/2010
JMBA (Jamba, Inc.--$2.57; +0.06; optionable): Processed beverages
http://biz.yahoo.com/p/j/jmba.html
After Hours: $2.53
EARNINGS: 08/16/2010
STATUS: ABCD up. Great surge March to late April; what is new, right? Then the test. A stair step back making a lower high and last week a lower low just over the 200 day SMA. That is the pattern that shakes out many owners but the strong initial move still shows the upside momentum. Started to bounce Thursday and Friday, tried to extend Monday, but after moving the 50 day EMA JMBA closed right at the B point from early May. May test a bit here, but if JMBA can continue higher we are not adverse to starting some positions as it continues higher.
VIDEO: http://investmenthouse1.com/ihmedia/JMBA.wmv
Volume: 1.125M Avg Volume: 1.273M
BUY POINT: $2.63 Volume=1.4M Target=$3.78 Stop=$2.32
POSITION: JMBA10J2.50 - Oct. $2.50c (83 delta) &/or Stock

Downside:

Play Date: 06/14/2010
CVS (CVS Corp.--$31.87; -0.21; optionable): Drug stores
http://biz.yahoo.com/p/c/cvs.html
After Hours: $32.10
EARNINGS: 08/04/2010
STATUS: Bear flag. Looking at some more positions on CVS as it tests the gap down over a week back that made us a lot of money. It has rallied back to fill some of the gap, but on Monday it hit the 10 day EMA (32.48), actually moving through it, but then rolled over for a loss. Even as it moved higher MACD moved lower. Still weak. Looking for CVS to sell from here and as it does we are ready to enter and make a new play to the downside. Looking for a bigger score on this one so we will see. Good risk/reward. A move to the target lands a 100%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/CVS.wmv
Volume: 15.508M Avg Volume: 12.155M
BUY POINT: $31.73 Volume=12M Target=$27.71 Stop=$33.12
POSITION: CVS 10T32.00 - Aug. $32p (-52 delta)

Play Date: 06/14/2010
DIA (Diamonds Trust (DJ30 EFT)--$102.14; -0.17; optionable)
After Hours: $102.15
STATUS: Bouncing up and down from the February lows to the 200 day SMA (103.21). As with SP500, this is its third test of that resistance in two weeks, hitting it and moving through it Monday but then reversing to close with a loss. If the market starts to sell again DIA is in a great risk/reward position for a trade to the bottom of the range. A move to the February lows lands a 39%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/DIA.wmv
Volume: 8.996M Avg Volume: 13.701M
BUY POINT: $101.96 Volume=17M Target=$98.11 Stop=$103.71
POSITION: DIA 10T103.00 - Aug. $103p (-49 delta)

Play Date: 06/14/2010
HAL (Halliburton--$24.02; -0.37; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/hal.html
After Hours: $24.14
EARNINGS: 07/19/2010
STATUS: Bear flag. One of the companies involved in the BP blowout disaster. HAL has already sold off since late April, but it can still provide some downside if the market cannot continue higher and push through the 200 day SMA (meaning SP500). HAL gapped lower two weeks back and has scratched its way back up since, managing to fill the gap on the Friday high and again on the Monday high, fading Monday though volume was low. Filled the gap, BP meeting with the President Tuesday. If HAL rolls back over we are ready to move in. A move to the target lands a 52%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/HAL.wmv
Volume: 14.359M Avg Volume: 21.814M
BUY POINT: $23.87 Volume=24M Target=$20.82 Stop=$24.98
POSITION: HAL 10V25.00 - Oct. $25p (-55 delta)

Play Date: 06/14/2010
SPR (Spirit Aerosystems--$19.22; +0.47; optionable): Aerospace/defense
http://biz.yahoo.com/p/s/spr.html
After Hours: $19.28
EARNINGS: 04/29/2010
STATUS: Bear flag. Rounded top/double top in April and then a volatile decline. Tried to hold the 200 day SMA (19.58) on the way down, even managing to break back above that level in late May. Didn't take. It broke below that level and sold off to a new low on the fade. Last week was the rebound and Monday SPR gapped higher and rallied to the 200 day SMA. It failed there along with SP500, giving back a big chunk of the gain. If SPR gaps lower Tuesday and through the buy point we are looking at moving in for a run back to the downside. A move to the target lands a 55%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/SPR.wmv
Volume: 1.271M Avg Volume: 1.17M
BUY POINT: $18.73 Volume=1.5M Target=$16.98 Stop=$19.64
POSITION: SPR 10S20.00 - July $20p (-52 delta)

CONTINUING PLAYS READY TO MOVE:

Play Date: 06/08/2010
CNC (Centene--$22.83; -0.08; optionable): Health care plans
http://biz.yahoo.com/p/c/cnc.html
After Hours: $22.83
EARNINGS: 07/27/2010
STATUS: Double bottom w/handle. A little fade to start the week, but holding up nicely over a band of support marked by the 10, 18 and 50 day EMA, as well as the January high. Again, it is set up to move, but just has to show that bounce up that holds before we jump in. To recap: A little bit defensive here. Strong, very strong surge in March as CNC went ballistic. It rallied a bit further into mid-April and then sold off into the May pullback. Tested twice, forming something of a double bottom near the late December 2009 peak. Nice bounce, then a handle formed last week just below the 'hump.' Friday as the market sold off CNC broke out. Monday it sold intraday then rebounded to flat. Great strength and plenty of room upside to make us some good money. If it continues this move higher, that is our trigger to move into positions.
VIDEO: http://investmenthouse1.com/ihmedia/CNC.wmv
Volume: 282.393K Avg Volume: 698.072K
BUY POINT: $23.88 Volume=950K Target=$27.94 Stop=$22.41
POSITION: CNC 10I22.50 - Sept. $22.50c (60 delta) &/or Stock

Play Date: 06/10/2010
DTG (Dollar Thrifty Auto Group--$44.48; -0.75; optionable): Auto rentals
http://biz.yahoo.com/p/d/dtg.html
EARNINGS: 08/04/2010
STATUS: Pennant. Started up Friday, but stalled at the 18 day EMA and faded back to start this week. Still at a good point to make a move higher, but bigger volume would help our cause. Waiting for the stock to show the push higher over the 18 day that sticks, then we can look at picking it up. To recap: 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: 508.75K Avg Volume: 1.299M
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: 06/05/2010
ORBK (Orbotech--$11.60; +0.01; optionable): Electronics parts and products
http://biz.yahoo.com/p/o/orbk.html
After Hours: *
EARNINGS: 08/02/2010
STATUS: Double bottom w/handle. Gapped up to kick this week off, reversed intraday, but held the 18 day EMA with the lows and bounced. Nice bounce up off the lighter support Monday, and still looking ready after moving up off the firmer 50 day EMA support late last week. Showing a little patience and will see if ORBK gives us what we need from this point. To recap: Familiar story: started the last rally in February, surged through late April, then selling back in May in the flash crash and subsequent test. The selling formed a pair of lows at the 200 day SMA, prompting a nice rally last week. ORBK made it to the 'hump' in the pattern midweek, then slipped back Thursday and Friday to close the week. No heavy selling, however, as seen in the market overall. Indeed ORBK tested lower toward the 10 day EMA and rebounded on a very strong volume surge. It may test a couple more days to finish the handle, but we are going to be patient and let it set up and then show us the breakout. Our initial target is somewhat conservative, but given the market we will be a bit conservative, taking part of the gain when it presents itself, saving some positions for further rallying.
VIDEO: http://investmenthouse1.com/ihmedia/ORBK.wmv
Volume: 189.752K Avg Volume: 92.671K
BUY POINT: $12.02 Volume=125K Target=$13.94 Stop=$11.18
POSITION: Stock - (No option chain)

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.

us stock market
trade stock