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us stock market, stock trading
Being Part 2 of 3
THE PLAYS:
Good moves: COLM; CVD; RINO
Best Plays:
1) SINA: Finally giving a chance to enter.
2) CLE: Nice 18 day MVA test.
3) ISSX: Ditto. Good sector.
4) MSN: Ready for the next move.
5) PIXR: Very nice lateral move.
6) QCOM: Doji on the 18 day MVA.
7) VZ: Testing the 18 day MVA as well.
New Plays:
SINA (Sina.com--$5.47; +0.27; no options): Internet software
http://biz.yahoo.com/p/s/sina.html
STATUS: Testing the breakout. We watched SINA a bit too long to catch the first move. It moved up in early November, pulled back, and then exploded higher to 5.50 from 3. After that run it has moved laterally the past 6 sessions on lower volume. It tapped the 10 day MVA on the Wednesday low (4.84) and then bounced higher on rising, above average volume. It is still within the trading range. Accumulation is strong and money flow is high. We keep seeing internets, large and small, performing well. The surge in online buying is just one aspect of the internet.
Volume: 918.867K Avg Volume: 509.636K
BUY POINT: $5.58 Volume=950K Target=$7.21 Stop=$4.97
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/sina.html
CONTINUING PLAYS: Many look very good, setting up for the next move.
Upside:
Play Date: 11/25/2002
AVP (Avon Products--$52.39; +0.89; optionable): Cosmetics and personal products
http://biz.yahoo.com/p/a/avp.html
STATUS: Double bottom w/handle. Continuing the move it gave a hint of Tuesday, jumping up close to the breakout point. Volume was not there, however, but given the market not surprising. Looks ready to make the move.
Volume: 940.5K Avg Volume: 1.269M
BUY POINT: $52.94 Volume=1.8M Target=$61 Stop=$50.25
POSITION: AVP DJ - April. $50c (66 delta) and/or Stock
http://www.investmenthouse.com/ct/avp.html
Play Date: 11/14/2002
BBOX (Black Box--$48.13; -1.03; optionable): Networking
http://biz.yahoo.com/p/b/bbox.html
STATUS: Testing the 18 day MVA. BBOX is testing its move, tapping the 18 day MVA on the low (47.50) and then rallying back up to close. Volume moved higher, edging over average. The test down Wednesday also touched the two November interim highs, a good support to move up from. Looks ready to continue the move.
Volume: 420.68K Avg Volume: 398.181K
BUY POINT: $48.45 Volume=550K Target=$56 Stop=$46.65
POSITION: QBX CI - Mar. $45c (64 delta) and/or Stock
http://www.investmenthouse.com/ct/bbox.html
Play Date: 12/04/2002
CLE (Claires Stores--$25.43; -0.03; optionable): Apparel
http://biz.yahoo.com/p/c/cle.html
STATUS: Testing the 18 day MVA. Retail stores were stealthily building for further moves Wednesday and CLE was no exception. It tested just below the 18 day MVA on the low (25.05) and rallied back up on rising, above average volume. That test coincided with the top of the late October consolidation range, a good point to hold. Money flow continues to move up ahead of price. Looking for new positions on a strong volume breakout over 26.
Volume: 666.1K Avg Volume: 455K
BUY POINT: $26.05 Volume=505K Target=$31 Stop=$23.85
POSITION: CLE EX - May $22.50c (73 delta) and/or Stock
http://www.investmenthouse.com/ct/cle.html
Play Date: 11/30/2002
ISSX (Internet Security System--$23.61; -0.5; optionable): Internet security
http://biz.yahoo.com/p/i/issx.html
STATUS: Testing the 18 day MVA. ISSX drifted a bit lower Wednesday, testing just above the 18 day MVA on its low (23.34) as volume edged up though was still below average. This was the second consecutive doji and the 18 day MVA is a good place for ISSX to hold for the next move up. It is walking up the short term MVA just as it should.
Volume: 1.577M Avg Volume: 2.025M
BUY POINT: Aggressive: 24.25; then $25.05 Volume=2.5M Target=$31 Stop=$23.3
POSITION: ISU DX - April $22.50c (72 delta) and/or Stock
http://www.investmenthouse.com/ct/issx.html
Play Date: 11/13/2002
MSFT (Microsoft--$56.54; -0.17; optionable): Application software
http://biz.yahoo.com/p/m/msft.html
STATUS: Tested below the 18 day MVA and then rallied back to close just over it. On the high it cleared the 10 day MVA (57.44). Volume edged up as it did. It looks ready to make its move back up, but we want to see it clear the 10 day and the intraday high.
Volume: 42.045M Avg Volume: 44.116M
BUY POINT: New: 57.55 (orig. $56.15) Volume=50M Target=$62.55 Stop=$55.74
POSITION: MSQ DK - April $55c (63 delta) and/or Stock
http://www.investmenthouse.com/ct/msft.html
Play Date: 12/04/2002
MSN (Emerson Radio--$4.7; +0.19; no options): Electronic equipment
http://biz.yahoo.com/p/m/msn.html
STATUS: Cup w/handle. Moving laterally the past three sessions after a big volume rally, MSN tested the 10 day MVA on lower volume and then Wednesday started rallying higher on some slightly higher but still below average volume. A good move considering the overall market was down. Looks ready for the next move.
Volume: 94.6K Avg Volume: 148K
BUY POINT: $4.85 Volume=150K Target=$6.35 Stop=$4.51
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/msn.html
Play Date: 11/20/2002
PIXR (Pixar--$58.29; +0.11; optionable): Monsters, Inc.
http://biz.yahoo.com/p/p/pixr.html
STATUS: Flying plateau. PIXR is moving laterally in a tight range with the 10 day MVA (57.58) rising up to meet it. It follows its strong move in November, and is a bullish consolidation pattern. Volume jumped Wednesday on the DIS news it was going to flop in Q4, but PIXR is a money maker. This is a good low volume consolidation that is now showing volume edging higher. Looking for the next move up.
Volume: 655.468K Avg Volume: 478.045K
BUY POINT: New positions: 59.35 (orig. $57.85) Volume=775K Target=$66 Stop=$55.35
POSITION: PQJ KD - April $55c (61 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/pixr.html
Play Date: 11/23/2002
PVSW (Pervasive Software--$4.06; -0.14; no options): Application software
http://biz.yahoo.com/p/p/pvsw.html
STATUS: Cup w/handle. Very modest pullback Wednesday on very light volume given the selling in the tech sector. PVSW is still moving in the handle to its year-long base with money flow leading the way higher. Accumulation is solid at 8 up weeks on rising volume to 5 down weeks on lower volume. Waiting for the high volume breakout.
Volume: 11.07K Avg Volume: 61.818K
BUY POINT: $4.27 Volume=125K Target=$5.35 Stop=$3.97
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/pvsw.html
Play Date: 12/04/2002
QCOM (Qualcom--$39.98; -0.83; optionable): Mobile phones
http://biz.yahoo.com/p/q/qcom.html
STATUS: Testing the 18 day MVA. A nice test of the 18 day MVA on the low (39.23) as volume edge higher though still below average. Volume was a bit high on the pullback, but we like the clean test of the 18 day MVA, a level that should act as support, and we are looking to get more into QCOM. It has made us some great money and it looks ready to do it again.
Volume: 15.501M Avg Volume: 16.544M
BUY POINT: $40.85 Volume=18M Target=$50 Stop=$37.99
POSITION: AAW DU - April $37.50c (67 delta) and/or Stock
http://www.investmenthouse.com/ct/qcom.html
Play Date: 12/02/2002
SJM (JM Smucker--$39.34; +0.92; optionable): It's got to be good jam.
http://biz.yahoo.com/p/s/sjm.html
STATUS: Testing the breakout. SJM is moving up off the 18 day MVA it tested on its low (38.35) as it looks to complete the breaout test. Volume was still below average as it has been all during the consolidation. Now all it needs is some volume to go with it. Accumulation is solid at 3 accumulation weeks to 1 distribution week. Now we look for the next breakout.
Volume: 186.6K Avg Volume: 307.636K
BUY POINT: $40.15 Volume=476K Target=$48 Stop=$37.65
POSITION: SJM DJ - April $35c (77 delta) and/or Stock
http://www.investmenthouse.com/ct/sjm.html
Play Date: 11/12/2002
UTHR (United Therapeutics--$16.94; -0.14; no options): Drugs
http://biz.yahoo.com/p/u/uthr.html
STATUS: Cup w/handle. Forming the handle to its 2.5 month base that sits on top of the 3-month base it broke out of in September. Wednesday it showed a very tight doji right on the 10 day MVA on another session of very low volume. Looks ready to move again.
Volume: 49.7K Avg Volume: 168.136K
BUY POINT: $17.65 Volume=295K Target=$21.45 Stop=$16.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/uthr.html
Play Date: 12/04/2002
VZ (Verizon Communications--$39.92; -0.41; optionable): Telecom
http://biz.yahoo.com/p/v/vz.html
STATUS: Testing the 18 day MVA. Wednesday VZ continued its pullback, but it tapped at the 18 day MVA on its low (39.81) and held its ground. Volume was still below average; the selling has not been wicked. The move puts it not only on top of the 18 day MVA but also the early November high; that is a combination of support that we look to provide the next move up.
Volume: 6.544M Avg Volume: 8.235M
BUY POINT: $41 Volume=11M Target=$47.5 Stop=$38.13
POSITION: VZ DU - April $37.50c (67 delta) and/or Stock
http://www.investmenthouse.com/ct/vz.html
End Part 2 of 3
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us stock market
stock trading
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