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us stock market, stock split
Begin Part 2 of 2
THE PLAYS:
New Plays:
DAKT (Daktronics--$13.92; +0.13; optionable): Scientific & Technical instruments
http://biz.yahoo.com/p/d/dakt.html
STATUS: Testing the breakout. DAKT moved in a very tight flat base since May, sporting excellent accumulation at 6 up weeks on rising volume to just 2 down weeks on rising volume. In November DAKT blasted off, breaking out of the base on some massive volume. It flew up to 15, tested back to the 18 day MVA (now at 13), and has ridden up that MVA since. It has some resistance at 14, trying but failing to take that out Thursday on a big volume spike. We are looking for a break over 14 on volume as our entry point. This is one of the hottest sectors in the market.
Volume: 167.672K Avg Volume: 58.59K
BUY POINT: $14.54 Volume=150K Target=$17.45 Stop=$13.52
POSITION: QKC GV - July $12.50c (79 delta) and/or Stock
http://www.investmenthouse.com/ct/dakt.html
Play Date: 12/19/2002
AMTD (Ameritrade--$5.39; +0.18; optionable): Brokerae services
http://biz.yahoo.com/p/a/amtd.html
STATUS: Ascending wedge. The salad days of online investing have come to a slowdown for now, but AMTD still wins the award for the most creative commercials. Anyway, it may not be the next stock to split but it has huge money flow that is racing up ahead of the price and relative strength has already broken out ahead of the stock actually doing so. Those are very bullish signs. This kind of action can give us a very nice return as this is what we saw in many stocks in November before they made nice runs.
Volume: 1.492M Avg Volume: 1.242M
BUY POINT: $5.54 Volume=165K Target=$6.85 Stop=$5.15
POSITION: TQA EA - May $5c (79 delta) and/or Stock
http://www.investmenthouse.com/ct/amtd.html
Play Date: 12/19/2002
GPN (Global Payments--$31.4; +1.5; optionable): Business services
http://biz.yahoo.com/p/g/gpn.html
STATUS: Ascending wedge breakout. A nice consolidation under the 200 day MVA just over 30 allowed accumulation to build. After a shakeout Wednesday down to the 18 day MVA, GPN reversed and shot higher on volume, smashing through the 200 day MVA as it did. Relative strength broke out on the move. Excellent action.
Volume: 379.5K Avg Volume: 180.909K
BUY POINT: $31.55 Volume=225K Target=$38 Stop=$29.34
POSITION: GPN EF - May $30c (71 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/gpn.html
CONTINUING PLAYS:
Play Date: 12/04/2002
VZ (Verizon Communications--$39.25; +0.09; optionable): Telecom services
http://biz.yahoo.com/p/v/vz.html
STATUS: 200 day MVA test. Unfazed by the selling, VZ managed a slight gain Wednesday, holding at the 18 day MVA with a very tight doji as volume edged higher. Telecom held up well in the selling and is just waiting for the market to stabilize.
Volume: 6.386M Avg Volume: 8.196M
BUY POINT: Aggressive: From here. Next: $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
Downside
Play Date: 12/09/2002
HSIC (Henry Schein--$44.53; +0.82; optionable): Wholesale medical equipment
http://biz.yahoo.com/p/h/hsic.html
STATUS: Put. Rallied back up to the 18 day MVA on the close on some slightly higher volume. Want it to fail here.
Volume: 563.345K Avg Volume: 603.136K
BUY POINT: $44.15 Volume=667K Target=$40 Stop=$41.06
POSITION: HQE MI - Jan. $45p (-47 delta, low OI)
http://www.investmenthouse.com/ct/hsic.html
Play Date: 12/09/2002
PFGC (Performance Food Group--$33.79; -0.42; optionable): Wholesale food
http://biz.yahoo.com/p/p/pfgc.html
STATUS: Put. Started down Thursday as anticipated. Still a bouy at ths point.
Volume: 224.028K Avg Volume: 445.954K
BUY POINT: New: $33.65 (orig. $33.97) Volume=475K Target=$31.75 Stop=$34.75
POSITION: PGU MG - Jan. $35p (-50 delta, low OI)
http://www.investmenthouse.com/ct/pfgc.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 12/07 Test 50 78.66 -0.47 466.74 486 7.3M 1.5M 455.45
Exited.
$SOX 12/07 Test 50 3.18 -0.21 335.15 385 4.5M 0 313.94
Current. Doji at potential support. If the market bounces we are looking at adding some aggressive positions.
ADTN 12/10 Test 18 31.08 -0.09 32.05 38.45 528K 800K 30.35
Current.
AFCO 12/07 Test BO 18.3 -1.46 20.85 25 347K 225K 18.79
Buy Not Hit.
AIG 12/18 Put 58.09 -0.95 58.55 54 6.1M 7M 60.45
Current.
AMTD 12/19 A Wedge 5.39 +0.18 5.54 6.85 1.5M 165K 5.15
New.
ANT 12/11 Put 21.8 -0.3 22.45 20 41K 200K 23.55
Current.
AVID 12/07 Test 18 21.36 +0.41 21 25 701K 500K 19.53
Current.
AVID 10/30 cup hdl 21.36 +0.41 15.65 20.45 701K 177K 17.85
Current.
AVO 12/16 A Wedge 11.63 +0.03 12.06 14.45 57K 210K 11.22
Buy Not Hit.
AVP 11/25 cup hdl 52.75 -1.24 52.94 61 1.4M 1.8M 51.35
Current.
BBY 12/14 Test 18 23.7 -0.87 26.55 30 3.5M 500K 24.69
Buy Not Hit.
BER 11/13 cup hdl 39.28 -0.19 38.4 45 146K 306K 38.35
Current.
BOH 10/26 cup hdl 30.5 +0.06 29.94 36 286K 427K 29.25
Current.
BRCM 08/17 Test 50 15.33 -0.57 19.2 19.8 12M 9M 17.25
Current.
BSTE 12/11 A Wedge 33.6 -1.41 34 41.25 601K 900K 31.62
Current.
CEPH 12/14 Put 50.33 -0.82 49.19 45.51 1.3M 2M 50.65
Buy Not Hit.
COLM 11/13 DB hdl 45.52 +0.2 41.96 48.45 329K 389K 43.84
Current.
CREE 12/10 Test 50 17.5 -0.27 19.65 24.25 1.9M 4.1M 18.27
Current.
CVD 11/05 Test BO 23.53 +0.65 23.65 28 324K 581K 22.25
Current.
CVH 12/09 Put 29.35 +0.67 29.04 26 832K 820K 31.45
Current.
DAKT 12/19 cup hdl 13.92 +0.13 14.54 17.45 168K 150K 13.52
New.
GPN 12/19 BO 31.4 +1.5 31.55 38 380K 225K 29.34
New.
GRMN 11/06 cup hdl 28.15 +0.59 22.34 30 483K 198K 25.95
Current.
HAR 11/21 Test 18 56.18 -0.82 61.6 70 164K 488K 59.85
Current.
HD 09/16 Test 50 24.94 -0.53 34.55 38 11M 10M 32.13
Current.
HEW 12/14 Test BO 30 -1.02 33.88 40 272K 160K 31.51
Buy Not Hit.
HSIC 12/09 Put 44.53 +0.82 44.15 40 563K 667K 41.06
New.
IBM 12/04 Test 50 78.66 -0.47 84.94 94.94 7.3M 12M 78.99
Current.
IBM 11/11 Test 50 78.66 -0.47 78.45 88 7.3M 12M 82.24
Current.
ICOS 12/05 Test 18 25.2 -4.48 31.45 38 4.4M 1.2M 29.25
Buy Not Hit.
IDBE 12/16 DB hdl 6.36 -0.04 6.65 8.55 104K 165K 6.06
Current.
ISSX 11/30 Test BO 19.1 -1.03 25.05 31 2.2M 2.5M 23.3
Buy Not Hit.
JEC 12/09 cup hdl 36.67 +0.22 36.75 42 211K 465K 34.18
Buy Not Hit.
LBIX 10/14 cup hdl 2.87 +0.07 3.22 4.35 141K 145K 3.32
Current.
LUK 11/16 cup hdl 37.96 -0.68 38.51 44.45 84K 125K 37.97
Current.
MERQ 12/11 Test BO 29.09 -1.32 31.55 38 5.1M 5M 28.85
Current.
MRCY 12/14 Pennant 31.22 +0.31 31.65 37.85 171K 350K 29.43
Buy Not Hit.
MSFT 12/04 Test 18 53.11 -0.42 56.61 62.75 41M 67M 54.45
MSFT 11/13 Test BO 53.11 -0.42 56.15 62.55 41M 50M 55.74
MSFT 10/16 Test BO 53.11 -0.42 52.35 59 41M 50M 55.74
MSN 12/04 cup hdl 5.45 +0.1 4.85 6.35 183K 150K 4.51
Current.
MSN 11/23 cup hdl 5.45 +0.1 4.15 5.68 183K 150K 4.51
Current.
NBIX 10/08 Rv H&S 42.86 +0.31 44.85 51.75 2.7M 1.1M 44.05
Current.
PCLE 10/17 BO 13.47 -0.08 11.51 13.82 700K 800K 12.94
Current.
PFGC 12/09 Put 33.79 -0.42 33.97 31.75 224K 475K 34.75
Current.
PIXR 11/20 BO 59.2 -0.36 57.85 66 992K 775K 57.65
Current.
PKTR 12/11 Test 18 7.14 -0.07 8.34 10.55 164K 335K 7.55
Current.
PVSW 11/23 Cup 4.05 -0.09 4.27 5.35 16K 125K 3.97
Current.
QCOM 12/04 Test 18 37.64 -0.71 40.85 50 14M 18M 37.99
QCOM 11/07 Test BO 37.64 -0.71 34.78 42 14M 18M 38.14
Current.
QLGC 11/07 Test BO 36.64 +0.27 41.4 50 12M 25M 39.88
RDEN 12/17 cup hdl 14.35 +0.06 15.39 18.45 102K 185K 14.31
Buy Not Hit.
RINO 10/24 Test BO 17.24 +0.19 17.35 20.75 183K 225K 16.95
Current.
RINO 08/28 cup hdl 17.24 +0.19 13.8 20 183K 300K 16.95
Current.
RYAAY 11/18 Test BO 40.77 -0.73 43.55 50.35 1M 425K 43.94
SAFC 12/07 A Wedge 34.88 +0.21 36.69 41 678K 1.5M 34.12
Buy Not Hit.
SAY 12/12 cup hdl 12.88 0 13.48 16.98 450K 255K 12.54
Buy Not Hit.
SFNT 12/16 Test 50 25.14 -1.54 26.7 32.45 243K 188K 24.25
Current.
SJM 12/02 Test BO 37.66 -0.04 40.15 48 203K 476K 37.65
Buy Not Hit.
STI 11/18 Put 57.17 -0.59 59.49 56 833K 1.5M 60.85
Current.
TARO 12/18 cup hdl 38.7 +0.31 39.05 46.85 358K 575K 36.32
Buy Not Hit.
TK 12/07 cup hdl 41.7 +0.71 39.25 46.65 212K 235K 36.15
Buy Not Hit.
TMCS 11/26 Test BO 22.13 -0.13 26.45 31.75 694K 1.2M 24.61
Current.
TSCO 12/07 Test 18 39.95 -1.03 45.44 51.44 263K 475K 42.26
Buy Not Hit.
TSCO 10/16 Test BO 39.95 -1.03 39.05 46.85 263K 235K 42.05
Current.
TTEK 12/17 Test BO 12.75 -0.12 14.01 16.85 281K 600K 13.03
Buy Not Hit.
UNTD 11/30 Test BO 15.41 -0.79 16.25 19.65 572K 1M 15.11
Current.
UTHR 11/12 DB hdl 17.33 -0.02 17.65 21.45 198K 295K 16.21
Current.
VIP 12/07 Test BO 32.61 +0.21 34.85 40 111K 300K 32.41
Buy Not Hit.
VIP 11/09 Test BO 32.61 +0.21 30.06 35 111K 285K 31.45
Current.
VZ 12/04 cup hdl 38.79 -0.46 41 47.5 5.6M 11M 38.13
Buy Not Hit.
VZ 11/23 cup hdl 38.79 -0.46 41 45 5.6M 11M 37.55
Current.
VZ 10/10 Test 50 38.79 -0.46 34.75 42 5.6M 10M 37.55
Current.
WFR 11/14 cup hdl 7.97 -0.23 8.45 11 145K 325K 8.12
Current.
YHOO 12/11 Test 50 16.71 -0.09 17.32 22.75 11M 20M 16.11
Buy Not Issued.
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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us stock market
stock split
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