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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: 06/28/2010
AAPL (Apple Computer--$268.30; +1.60; optionable): iPhone 4
http://biz.yahoo.com/p/a/aapl.html
After Hours: $268.20
EARNINGS: 04/20/2010
STATUS: Breakout test. Can't seem to keep AAPL down, though the response to huge sales numbers of next G iPhones was rather muted. Nonetheless, AAPL is in good technical position. Rallied February to late April, banged around in a trading range through mid-June, then broke out. Last week in the selling it came back to test, and Monday AAPL did a great job of testing, tapping at the 18 day EMA and the May/June interim peaks, then rebounded for a gain on the close. It is a great setup - yet again - by this market leader. As AAPL breaks higher once more we are looking to move in for another run.
VIDEO: http://investmenthouse1.com/ihmedia/AAPL.wmv
Volume: 20.891M Avg Volume: 26.003M
BUY POINT: $270.05 Volume=32M Target=$294.45 Stop=$262.89
POSITION: AAPL 10J270.00 - Oct. $270c (52 delta)

Play Date: 06/28/2010
FITB (Fifth Third Bancorp--$13.51; +0.15; optionable): Midwest Regional banks
http://biz.yahoo.com/p/f/fitb.html
After Hours: $13.47
EARNINGS: 07/22/2010
STATUS: Cup w/handle. Nice handle action the past couple of weeks as FITB looks to be putting the finishing touches on a 9 week base that is consolidating the January to late April rally. Excellent setup that is starting to show some upside volume during the last part of this handle. Looking for a solid break upside through the buy point that holds toward the close.
VIDEO: http://investmenthouse1.com/ihmedia/FITB.wmv
Volume: 12.328M Avg Volume: 15.332M
BUY POINT: $13.69 Volume=18M Target=$15.78 Stop=$12.97
POSITION: FITB 10K12.00 - Nov. $12c (84 delta) &/or Stock

Play Date: 06/28/2010
STE (Steris--$32.05; +0.36; optionable): Medical appliances and equipment
http://biz.yahoo.com/p/s/ste.html
After Hours: $32.05
EARNINGS: 07/26/2010
STATUS: ABCD upside. STE jumped higher to start February and then trending higher up the 10 day EMA into late April. Strong solid run. Since then it has stepped back, forming the B point in early May, the C point in mid-May, then down to the D point mid-June. STE rallied of that point and recaptured the 200 day SMA on that move. The past week it is testing again, this time holding the 200 day SMA and starting to bounce Friday and then again Monday. Nice setup as STE tests the bounce off the D point. As STE breaks higher once more and moves through the buy point, we are ready to move in if it can make it stick toward the close.
VIDEO: http://investmenthouse1.com/ihmedia/STE.wmv
Volume: 188.519K Avg Volume: 532.07K
BUY POINT: $32.38 Volume=700K Target=$36.95 Stop=$31.22
POSITION: STE 10I30.00 - Sept. $30c (68 delta) &/or Stock

CONTINUING PLAYS READY TO MOVE:

Play Date: 06/26/2010
CTRP (Ctrip.com International--$42.77; -1.30; optionable): Chinese travel
http://biz.yahoo.com/p/c/ctrp.html
After Hours: $42.90
EARNINGS: 08/02/2010
STATUS: Flag. Up and down last week in a very controlled pullback, and just continued that slide Monday. CTRP has now filled that gap up from last Monday, holding right at the pre-gap doji. If it can hold, it is a great place to bounce from. To recap: CTRP has now filled the Nice strong breakout the second week of June as CTRP cleared a 4 month trading range. Solid volume propelled it higher through Monday as it gapped higher that session. We had given up on that initial move but not the run. Sure enough it looks as if we are going to get our chance to play with CTRP. Last week it sold with the market, but it held at the 38% Fibonacci retracement level Friday, bouncing off of that level and showing a doji on the candlestick chart. That is good enough at the 38% level as a lot of momentum remains in the move. Thus as CTRP continues that Friday bounce higher we are ready to move in with some new positions and catch the momentum.
VIDEO: http://investmenthouse1.com/ihmedia/CTRP.wmv
Volume: 1.924M Avg Volume: 2.251M
BUY POINT: $44.44 Volume=2.8M Target=$49.94 Stop=$41.33
POSITION: CTRP 10L44.00 - Dec. $44c (54 delta) &/or Stock

Play Date: 06/24/2010
KLIC (Kulicke & Soffa--$7.74; +0.24; optionable): Chip equipment
http://biz.yahoo.com/p/k/klic.html
After Hours: $7.68
EARNINGS: 07/26/2010
STATUS: Double bottom w/handle. A steady pullback last week that held at the 50 day EMA Friday, showing a doji. Gave us that bounce up we were looking for Monday, and now if it can keep going, it hits our buy. To recap: KLIC is another chip equipment stock that is setting up nicely for an upside move . . . as long as it can complete this current pattern and show us the goods, i.e. a breakout. Nice rally into April but it peaked and needed a base to rest. It has put in some good work, forming a double bottom at the 200 day SMA and then rallying over the past two weeks on some decent upside volume. The past week a lateral move to form the handle, and though Tuesday was a bit rocky in terms of how much it tested, it is still above the 18 day EMA and the February and March peaks, a logical support area for the handle test. Watching for KLIC to hold this general area and then make an upside break through the buy point that sticks to the close. If it can do that, and it may take another day or two or three, then we are ready to move in with the buy
VIDEO: http://investmenthouse1.com/ihmedia/KLIC.wmv
Volume: 1.739M Avg Volume: 2.193M
BUY POINT: $7.75 Volume=2.5M Target=$9.38 Stop=$7.21
POSITION: KLIC 10J7.50 - Oct. $7.50c (64 delta) &/or Stock

Play Date: 06/23/201
SHAW (The Shaw Group--$35.97; +0.34; optionable): Heavy construction, engineering
http://biz.yahoo.com/p/s/shaw.html
After Hours: $35.97
EARNINGS: 07/12/2010
STATUS: Cup w/handle. Still looks solid after that pullback last week to the 50 day EMA. Gapped higher Monday, checked back at the 50 day, and then bounced to form a doji. Not a bad way to follow up the Friday bounce from the same support. Now this one can take another solid step forward, and if it holds, we can buy it. To recap: Nice rally from November 2009 into late April. Of course with that move SHAW was primed for a base in the May pullback. That is exactly what it did, selling back to the 200 day SMA on the low, rallying back up the past three weeks. Not a bad 8 week base, not bad at all. SHAW gapped higher Monday to a peak on this run then spent Tuesday through Thursday, testing back but holding support at the 50 day EMA on the Thursday close. Want to see this 50 day EMA test give it the strength to make the move back up.
VIDEO: http://investmenthouse1.com/ihmedia/SHAW.wmv
Volume: 832.26K Avg Volume: 991.935K
BUY POINT: $36.33 Volume=1.3M Target=$42.25 Stop=$34.97
POSITION: SHAW 10J35.00 - Oct. $35c (61 delta) &/or Stock

Good Investing!
Jon L. Johnson and your IH Alerts Team

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 in 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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