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us stock market, stock recommendation
Begin part 2 of 2
SEMINARS ON CD
http://www.stockseminarsonline.com
This is Jon Johnson's own site devoted exclusively to seminars designed to teach you what you need to know about the stock market and stock movement and how to take advantage of those moves without incurring the usual high costs of travel and related expenses usually associated with seminars.
THE PLAYS
Weekend play results:
FTUS: Very low volume right on the 10 day MVA.
KLIC: Excellent break higher on volume.
VRSN: Starting down on volume. Rebounded some but still trending down.
RTEC: On the verge but was not ready Monday.
New Plays for Tuesday:
Play Date: 08/04/2003
ADI (Analog Devices--$39.73; +0.22; optionable): Semiconductors
http://biz.yahoo.com/p/a/adi.html
STATUS: Cup. Working in a nice 8 week cup base built right on top of a 4.5 month reverse head and shoulders breakout. ADI has used the 50 day MVA (36.20) as its support in this base, and the past two sessions volume has swelled as it knocks at the door of the breakout. Strong money flow and relative strength is breaking out before the stock, a very bullish sign.
Volume: 3.451M Avg Volume: 3.828M
BUY POINT: $40.43 Volume=5M Target=$47.65 Stop=$37.62
POSITION: ADI LH - Dec. $40c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/adi.html
Play Date: 08/04/2003
HL (Hecla Mining--$5.57; 0; optionable): Silver mining
http://biz.yahoo.com/p/h/hl.html
STATUS: Cup w/handle. Excellent 7 month base showing solid 8 to 5 accumulation ( 8 up weeks on rising volume to 5 down weeks on rising volume). That indicates overall accumulation of the stock as it moved through the base. Volume swelled two weeks back as HL rallied up to 5.50 to complete the right side of the base. It has spent the last week pulling back on lower volume, holding the 10 day MVA (5.45). Metals are a bit volatile, but this is a very nice pattern. Always good to have a metal or two in the portfolio when they form up.
Volume: 1.148M Avg Volume: 1.125M
BUY POINT: $6.06 Volume=1.7M Target=$7.28 Stop=$5.64
POSITION: HL LA - Dec. $5c (70 delta) &/or Stock
http://www.investmenthouse.com/cd/hl.html
Continuing that still look excellent:
Play Date: 08/04/2003
BEAS (Bea Systems--$13.01; -0.06; optionable): Business software
http://biz.yahoo.com/p/b/beas.html
STATUS: Cup w/handle. BEAS has pulled back the last week to test the 18 day MVA on the intraday lows (12.75) and rebounding back to close. Volume has backed off as it does so, forming a nice handle to the 7 month base. Accumulation is outstanding at 8 up weeks on rising volume to 1 down week on rising volume. If it has to pullback, this is the way to do it. Strong money flow to top it off. Now we just wait for the strong volume breakout. Very nice.
Volume: 5.293M Avg Volume: 10.971M
BUY POINT: $13.88 Volume=16M Target=$16.65 Stop=$12.91
POSITION: BUC LV - Dec. $12.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/beas.html
SUBSCRIBER PORTFOLIO: It is time to revamp the subsciber portfolio. The way we do it is have you vote on your favorite stocks for us to cover. Then when we get 8 or so with a majority we compile them.
Compiling all of the responses to release the new portfolio later this week.
CONTINUING/WATCHLIST:
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; DWedge=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
These still look ready: INTC; BEV; CHRD; KLAC; PWN; RTEC; VRSN
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 08/04 Cup 39.73 +0.22 40.43 47.65 3.5M 5M 37.62
New.
AMZN 05/03 BO 39.65 -0.38 30.3 35.45 7.1M 12M 38.25
Current. Nice doji right over the 18 day MVA on lower volume.
AOS 07/24 Rv H&S 32.5 -0.66 33.05 40 150K 175K 30.94
Buy Not Issued.
ASTSF 07/12 Cup hdl 6.93 -0.11 6.5 8.25 202K 500K 6.47
Current. Edging back toward the 10 day MVA on lower volume. Needs to hold here, but hate that reversal Friday.
ATYT 06/23 Cup hdl 12.88 +0.08 9.7 11.88 4.9M 2.4M 10.44
Current. Still working higher but showing a doji on rising volume. Indicates a test back coming.
AVCI 07/30 Cup 6.95 -0.35 7.35 9 90K 129K 6.84
Buy Not Hit.
BDY 07/16 Test BO 19.01 -0.11 19.58 23.25 202K 376K 18.21
Current. Big reversal last week, but holding at the 10 day on the Monday low.
BEAS 07/31 Cup hdl 13.01 -0.06 13.37 16.22 5.3M 16M 12.69
Current.
BEV 07/26 Test BO 5.46 -0.14 5.54 6.94 423K 1.4M 5.24
Current. Nice low volume test of the 10 day MVA. Nice.
CHRD 07/28 Test BO 2.7 -0.01 2.43 3.12 379K 822K 2.18
Buy Not Issued. Another stock showing a very nice 10 day MVA test. Looks ready now.
COLT 07/24 BO 5.53 +0.19 5.3 6.68 121K 200K 4.93
Current. Gapped higher but gave most of it back on a surge of above average volume.
CRAY 07/22 Test BO 11.4 +0.19 9.73 11.75 1.6M 1.4M 9.94
Current. Still working higher on above average volume.
DKS 03/18 DB hdl 35.73 -0.5 23.81 28.42 348K 225K 35.94
Current. Testing the 50 day MVA. Solid gain so letting it work for us to see if institutions come in to buy it here.
DKS 02/19 DB hdl 35.73 -0.5 22.75 27.35 348K 225K 35.94
Current.
EBAY 12/12 Test 18 103.36 -1.92 69.45 92 11M 12M 105.55
Current. Gapped below the 50 day MVA. Stocks tend to recover to test that level. It will either break back over it or it will turn and fall. If it does the latter we will have to close it.
EBAY 10/15 Test 50 103.36 -1.92 62.45 92 11M 12M 105.55
Current.
EGO 06/25 Cup hdl 2.1 +0.02 1.88 2.45 101K 210K 1.95
Current. Still working over the 10 day MVA.
FLSH 05/22 Test BO 15.32 -0.44 10.55 12.75 326K 195K 14.42
Current. Gapped lower after the strong move but still holding above the 10 day MVA.
FLSH 05/12 Rv H&S 15.32 -0.44 9.2 10.96 326K 195K 14.42
Current.
FTUS 08/02 Test BO 7.44 -0.1 8.05 10.45 53K 350K 7.45
Buy Not Hit.
GMR 07/30 Cup hdl 12.59 +0.32 12.14 14.45 206K 218K 11.22
Current. Gapped higher but showed a tight doji. Ready for a pullback to rest some.
HL 08/04 Cup hdl 5.57 0 6.06 7.28 1.1M 1.7M 5.64
New.
HPOL 07/08 Test BO 6.6 -0.5 7.22 8.95 626K 541K 6.68
Current. Got ugly but managed to recover to hold the 50 day MVA on the close. Needs to show a bounce here.
HPOL 06/14 Test BO 6.6 -0.5 6.7 8.38 626K 541K 6.68
Current.
IACI 07/13 Test BO 39.5 -0.32 42.28 48.85 9.7M 12M 39.32
Current. Tapped the 50 day MVA on the low and rebounded to show a nice tight doji. That is good action.
IACI 03/25 Cup hdl 39.5 -0.32 29.12 33.55 9.7M 8.3M 39
Current.
IBM 06/14 Put 81.13 -0.14 0 0 5.9M 0 0
INTC 07/31 FlyPlat 25.13 +0.11 25.56 30.65 54M 75M 24
Buy Not Hit. Looks ready.
IPXL 07/29 Cup hdl 12.06 -0.77 13.48 16.25 406K 759K 11.96
Buy Not Issued.
KFY 06/28 Cup hdl 10 -0.32 9.05 10.95 188K 130K 9.52
Current. Testing the 10 day MVA, giving back that good move in two big chunks.
KLAC 07/19 Cup hdl 52.57 +0.36 52.25 60 6.5M 14M 50.12
Current. Working nicely over the 18 day MVA.
KLIC 08/02 Test BO 9.37 +0.68 9.32 11.75 1.7M 1.5M 8.48
Current.
LIOX 07/16 Test 18 6.1 -0.42 6.58 8.05 437K 400K 5.98
Current. Thudded down to the 18 day MVA on rising volume. Needs to hold here.
MCTR 07/28 Test BO 2.95 +0.5 2.55 3.35 12M 367K 2.28
Buy Not Issued.
MERX 07/15 Cup hdl 11 +0.45 10.52 12.75 384K 248K 9.78
Current. Good volume move higher.
MKSI 07/21 Cup hdl 22.29 +0.17 22.25 27.95 189K 488K 21.68
Current. Gapped lower but then rallied to recover the 18 day MVA so we let it work. If it cannot rally from here we will look at closing it.
MKSI 07/14 Cup hdl 22.29 +0.17 22.8 27.95 189K 488K 21.68
Current.
MU 07/19 Cup hdl 14.82 -0.29 15.4 18.35 8.4M 16M 14.32
Current. Still holding the 10 day MVA.
NTN 07/26 FlyPlat 2.34 -0.05 2.44 3.32 130K 200K 2.18
Current. Testing the breakout, tapping the 18 day MVA on the low and rebounding.
ONNN 06/21 Test BO 3.06 +0.22 3 3.75 704K 900K 3.18
Current. Good rebound up off the 50 day MVA. Will see if it has some more.
PDLI 06/19 Put 12.23 -0.12 14.75 12.04 1.4M 2.5M 13.12
Target Hit. Nice push low, took the gain, and then it rebounded.
PHMD 07/17 Test BO 2.85 -0.05 2.9 3.75 194K 150K 2.68
Current. Nice tight range Monday sitting on the 10 day MVA.
PWN 07/31 FlyPlat 16.9 -0.16 17.75 21.35 241K 240K 16.51
Buy Not Hit. Still looks soli.d
RATE 07/15 FlyPlat 12.81 -1.58 14.8 17.88 360K 312K 14.02
Exited.
RTEC 07/31 Cup hdl 20.36 -0.29 21.06 25.28 145K 522K 19.59
Buy Not Hit.
SBUX 07/30 Cup 26.95 -0.16 27.55 33 3.3M 6M 25.94
Buy Not Issued. Very tight doji. Looks ready.
SBUX 07/01 Cup 26.95 -0.16 26.3 30.94 3.3M 6M 26.45
Current.
SINA 06/26 Test 18 31.93 -1.46 17.71 21.25 9M 4M 30.52
Current. Tapped the 18 day MVA on the low and rebounded on volume.
SOHU 06/26 Test 50 34.65 -2.53 29.9 35.88 5.5M 2.5M 36.55
Current. Tapped down to the 50 day MVA and recouped some losses. Now it needs to show if it has anything left with a stronger volume bounce.
TEVA 01/11 A Wedge 56.48 +0.76 0 0 2.8M 5M 53.75
TPTH 06/18 A Wedge 6.89 +0.14 7.4 8.95 111K 352K 6.98
Exited. Shook us out at the 50 day MVA but showed a doji on
the close as it came back some.
TSCO 06/03 Rv H&S 54.8 -0.91 46.85 55.25 261K 603K 53.25
Current. Tapped the 18 day MVA on the low and rebounded.
TSCO 04/24 Cup hdl 54.8 -0.91 43.75 52 261K 603K 53.25
Current.
TSCO 04/03 Rv H&S 54.8 -0.91 38.6 44.38 261K 577K 53.25
Current.
TZIX 07/21 Rv H&S 7.47 -0.09 7.7 9.45 107K 200K 7.21
Current. Nice tight doji right on the 10 day MVA.
UBET 07/22 Cup hdl 3.68 -0.03 4.12 5.15 201K 920K 3.74
Current. Rebounded to close over the 10 day MVA.
ULCM 07/29 Cup hdl 10.8 -1.1 12.22 14.96 122K 186K 11.36
Buy Not Hit.
UNTD 07/12 Test BO 33.7 +0.06 28.8 34.12 1.3M 2.1M 30
Current.
UNTD 05/29 Flat 33.7 +0.06 23.45 28 1.3M 2M 30
Current.
VRSN 08/02 Dbl Top 12.61 -0.33 12.45 10.65 3.7M 4.4M 13.45
Current. Turned down on higher volume. Regained some of the
move but still in trouble.
VRTS 08/19 CCall 30.88 +0.28 19.76 20 5.1M 8.5M 29.06
Current.
VVTV 07/19 Cup hdl 17.02 +0.06 16.95 20.45 328K 250K 15.86
Current. Tested lower but recovered nicely on volume.
WMT 02/05 Put 55.83 +0.56 0 0 6.6M 8.2M 0
WWCA 07/23 BO 14.72 -0.76 14.48 17.45 1.6M 824K 14
Current. Sold back the Friday gain, but was moving higher after hours, back to positive and beyond.
WWCA 05/22 BO 14.72 -0.76 11.42 13.85 1.6M 824K 14
Current.
YHOO 12/11 Test 50 30.78 -0.68 17.32 25 9.2M 20M 32.15
Current. Sold below the 50 day MVA but then rebounded to hold that level on some rising volume. This is the licklog time.
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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