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us stock market, stock recommendation
Begin Part 2 of 2
THE PLAYS:
Monday plays:
ALLY: Looks very good still.
ELAB: Nice gap higher on strong volume.
MCK: Started lower but recovered with the market back to the simple 50 day MVA.
Best Plays:
1) CVS: Looks ready to fall at the 50 day MVA.
2) FAF: Very nice pattern, nice accumulation, nice move Monday.
3) Continuing: ACL showing a doji on the 18 day MVA. ALLY still looks solid. CARS looks sharp. WOR: Don't forget this one.
NEW PLAYS:
Upside
FAF (First American--$21.7; +0.95; optionable): Surety and title insurance
http://biz.yahoo.com/p/f/faf.html
STATUS: Cup w/handle. Moving off the 50 day MVA (20.50) in the handle of its 9-week base. Accumulation in the base is outstanding at 6 rising weeks on rising volume to 1 down week on rising volume. Relative strength is already breaking out and money flow has shot higher. Has a lot going for it.
Volume: 521.5K Avg Volume: 340.545K
BUY POINT: $22.03 Volume=511K Target=$25.35 Stop=$20.44
POSITION: FAF AW - Jan. $17.50 c and/or Stock
http://www.investmenthouse.com/cd/faf.html
Downside:
CVS (CVS Corp.--$29.46; +0.36; optionable): Drug store
http://biz.yahoo.com/p/c/cvs.html
STATUS: Put. Rallying up from 28 on lower and lower volume as it limped up for a test of the 50 day MVA (29.42) Monday. ON the high it rallied to 29.78, but it could not hold the move back over the 50 day as volume is not supporting the relief move. We are looking for the stock to roll back down from here.
Volume: 1.133M Avg Volume: 2.211M
BUY POINT: $29.24 Volume=3.3M Target=$26 Stop=$30.65
POSITION: CVS WZ - Nov. $32.50p (-68 delta)
http://www.investmenthouse.com/cd/cvs.html
$DJX (1/100 Dow Industrials--$85.19; +0.92; optionable)
http://biz.yahoo.com/p/$/$djx.html
STATUS: Put. Rallied weakly on lower volume back up to the 10 day MVA (85.41) and looks ready to roll over there as its pattern mimics the Dow. The first target is initial and is very tight. It is aggressive but will give us a decent return. If that fails (most likely), the next level is 80.
Volume: 195.778K
BUY POINT: $84.96 Target=$82.25 Stop=$85.75
POSITION: DJX VK - Oct. $89p (-62 delta)
http://www.investmenthouse.com/cd/$djx.html
MEMBER PORTFOLIO: CUB, EBAY, HOTT; LOW, NOC, PG, QLGC, RCII, SRCL, WM
These are the stocks that our subscribers vote to put in a 'portfolio' to track their progress and comment upon when they reach buy points, sell points, or levels to write some covered calls on. They are not covered every report, but when something interesting is developing we take note.
EBAY 08/27 Put 58.99 +2.54 56.95 53.25 9.3M 13M 56.25
Current. Jumped over the 200 day MVA on rising, average volume as internets had a good session.
RCII 08/24 Test 18 58.33 +1.97 58.02 66.45 507K 701K 53.96
Buy not issued. Made the point move but volume was low.
CONTINUING/WATCHLIST: These are stocks that are current plays (the buy point hit), waiting for the buy point to be hit (buy not hit), or buy not made for various reasons (buy alert not issued). The date references the date the play first appeared on the report. Pivot is the buy point.
We have made a change to the table. Instead of average volume we have included the target volume.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$DJX 09/09 Put 12.54 +0.1 84.96 82.25 196K 0 85.75
New.
ABK 08/27 Put 58.82 +1.21 57.94 53.15 548K 850K 58.05
Current. Rallied up to the down trendline. It stopped there and that is why we stayed with it.
ACL 08/06 DB hdl 35.85 +0.05 38.11 42.45 302K 900K 35.44
Buy not issued. Looks good. Doji right on the 18 day MVA.
ALLY 09/07 cup hdl 15.13 -0.17 15.86 18.25 466K 675K 14.55
Buy not hit. Looking good still in the pattern.
AMI 07/24 A Wedge 6.03 -0.09 6.77 9.94 52K 173K 6.45
Current. Still in the base, holding at 6.
AMMD 09/05 cup hdl 22.14 -0.16 23.57 27 371K 420K 21.92
Buy not hit. Holding well on rising volume and showing a doji with tail at the 10 day MVA.
ANN 09/03 Put 27.24 +1.05 24.96 21.25 687K 1.6M 26.15
Current. Ran over the 50 day MVA on low volume. Will exit if does not roll back.
AXP 05/08 cup hdl 34.86 +0.16 43.53 52 4.8M 6M 40.48
Current. Up to the 10 day MVA as the financials recovered on some volume.
BEN 09/04 Put 34.43 +0.73 34.35 30.75 726K 950K 35.15
Current. Bounced up to the 18 day MVA on lower volume.
BER 08/28 Put 34.43 +0.13 33.45 31 106K 200K 35
Buy not hit. Doji at the 50 day MVA.
BRKL 08/12 BO 12.54 +0.1 12.11 15.12 196K 1.1M 11.85
Current. Still holding the consolidation.
CARS 08/30 cup hdl 25.2 +0.32 25.18 28.95 280K 400K 23.42
Buy not issued. Looks good, rallying on rising volume. May be ready to make the move.
CFCP 07/29 A Wedge 14.32 -0.18 15.55 18.65 5.3K 55K 14.35
Buy nit hit. Still in the pattern. Waiting, waiting, waiting. . .
COH 08/22 cup hdl 29.36 +0.18 27.55 33 643K 1.4M 26.35
COH 08/13 BO 29.36 +0.18 25.55 30 643K 1.4M 26.35
Current. Much lower volume. May test 28.
COLM 08/13 BO 37.58 -0.08 36.85 42.38 164K 275K 36
COLM 07/27 Dbl btm 37.58 -0.08 34.25 39.95 164K 275K 35.45
Current. Struggling with 38.
CUB 08/24 Test 50 21.86 +1.13 22.25 27.94 89K 205K 20.69
CVS 09/09 Put 29.46 +0.36 29.24 26 1.1M 3.3M 30.65
New.
CYBX 08/20 Flat 19.45 +0.55 17.65 21.25 256K 280K 16.41
Making a much better move on rising volume.
DNA 09/03 Put 32 +0.3 30.84 27.25 2.8M 3.9M 32.05
Current. A doji right at the simple 50 day MVA on rising volume.
DROOY 05/21 A Wedge 4.46 +0.24 4.85 7 7M 4M 4.30
EBAY 08/27 Put 58.99 +2.54 56.95 53.25 9.3M 13M 56.25
Current. Jumped over the 200 day MVA on rising, average volume as internets had a good session.
ELAB 09/07 cup hdl 19.67 +1.17 19.25 22.65 583K 218K 17.89
Current. Big gap higher on strong volume.
FAF 09/09 cup hdl 21.7 +0.95 22.03 25.35 522K 511K 20.44
New.
GE 08/17 A Wedge 28.78 +0.48 31.85 36 17M 35M 31.15
Current. UP but still has trouble at 29.
HOTT 07/06 Test 50 20.1 +0.64 0 0 743K 1M 0
Over the 50 day MVA but not much volume.
IVGN 08/08 BO 35.42 +0.91 36.35 42.25 1.3M 1.5M 33.57
Big spike higher but gave most back. Volume shot up, may be ready again.
JP 08/30 Put 42.34 +0.71 41.72 38.55 497K 700K 42.65
Current. UP to the down trendline on rising though still below average volume.
LOW 07/06 Test 50 44.09 +0.06 0 0 5.6M 0 0
MCK 09/07 Put 32.04 +0.23 31.65 28 1.1M 1.9M 33.45
Buy not issued. Sold down but recovered though still below the simple 50 day MVA.
MEDI 08/31 Put 24.75 +0.43 25.35 22 4.4M 8.2M 26.55
Current. Tried to break below 24 but rallied back. We will give it another session to close below 24.
NOC 07/06 Test 50 124.97 +1.89 0 0 1.2M 1.7M 0
PETM 08/26 cup hdl 18 +0.15 17.04 20.45 2.1M 2.8M 16.45
Current. Still rising though had to fight for the gain.
PG 07/05 Put 90.85 +0.9 0 0 2.7M 4.5M 0
PPG 09/05 Put 54.38 +0.39 53.49 49.75 880K 1M 55.45
Current. Gapped lower but then rallied back. Volume was lower; a market move.
QLGC 08/17 CCall 34.44 +0.49 36.48 0 8.3M 12M 33.55
Current. Jumped up to the 10 day MVA; low volume.
RCII 08/24 Test 18 58.33 +1.97 58.02 66.45 507K 701K 53.96
Buy not issued. Made the point move but volume was low.
RFMD 09/05 Test 18 7.63 +0.09 7.12 9 5.7M 9.5M 6.62
SBIB 08/08 Dbl btm 14.7 +0.09 15.35 18.35 62K 203K 14.28
Buy not issued. No volume as it continues its recovery.
SKO 08/27 Put 15.18 +0.01 14.59 12.25 301K 300K 14.75
Current. Stalled after an attempted move over the 18 day MVA, that is why we did not close it out.
STE 08/21 Cup 23.02 -0.01 23.28 26.78 560K 711K 21.85
Buy not issued. Tried again on higher volume, but churned, i.e., when nowhere.
USNA 08/10 A Wedge 6.14 +0.02 7.35 10 12K 65K 6.55
Buy not hit.
VMI 08/30 BO 24.03 -0.33 22.38 26.85 38K 120K 23
Current. Testing back, closing on the 10 day MVA on continued below average volume.
VRTS 08/19 CCall 17.53 +0.02 19.76 20 6.5M 8.5M 17.45
Current. Still struggling with the 18 day MVA on low volume.
VWKS 08/30 cup hdl 7.73 -0.17 8.45 10.25 273K 890K 7.86
Buy not hit.
WEDC 08/30 BO 8.49 -0.11 8.55 12 61K 105K 7.95
Buy not issued.
WEDC 08/07 A Wedge 8.49 -0.11 7.63 9.85 61K 105K 7.88
Current. Held roughly steady at the recent high on very low volume.
WOR 09/04 A Wedge 18.51 -0.1 19.06 22.85 309K 625K 17.65
Buy not hit. Testing the 10 day MVA still. Don't forget this one.
WTW 08/10 BO 46 +0.4 44.44 49.75 238K 546K 45.94
Current. Back up to the 10 day MVA on some slightly higher volume.
WTW 05/23 Test BO 46 +0.4 43.7 50 238K 250K 45.94
Current.
XTO 08/24 cup hdl 20.25 +0.07 21.05 24.25 422K 811K 19.58
Buy not hit. Not showing much.
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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