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us stock market, stock watch
Begin part 2 of 2
Continuing plays that look ready:
Play Date: 08/04/2003
ADI (Analog Devices--$38.25; +0.06; optionable): Semiconductors
http://biz.yahoo.com/p/a/adi.html
STATUS: Cup. ADI continues to hold up well in its 9 week base, selling back Tuesday, but holding the 18 day MVA on the Wednesday low (37.65) and rebounding. Excellent money flow and relative strength. Looks to be biding its time until the current turbulence is over. It needs to show us the strong move, not just sliding past the buy point on lukewarm volume.
Volume: 2.821M Avg Volume: 3.815M
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/ci/adi.html
Play Date: 08/04/2003
CSC (Computer Sciences--$42.2; -0.22; optionable): Software, ITS
http://biz.yahoo.com/p/c/csc.html
STATUS: Double bottom w/handle. CSC is forming another rhandle here right on top of the June high, pulling back and showing a tight doji as it does. Strong money flow and solid accumulation in this short base 2 to 0, i.e., 2 up weeks on rising volume to 0 down weeks on rising volume. Relative strength is breaking out already, a strong supporting indicator for the move.
Volume: 1.715M Avg Volume: 1.665M
BUY POINT: $42.88 Volume=2.4M Target=$48.45 Stop=$39.88
POSITION: CSC LH - Dec. $40c (67 delta)
http://www.investmenthouse.com/ci/csc.html
CONTINUING PLAY LIST:
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.
Still look good: CCMP; CELL; IMA; LLTC; MMSI; NTN; TKLC
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 08/04 Cup 38.25 +0.06 40.43 47.65 2.8M 5M 37.62
Buy Not Hit.
AMEV 07/26 A Wedge 6.11 -0.31 5.75 6.88 92K 200K 5.52
Current. Testing the 10 day MVA on very low volume.
AMEV 06/07 Test BO 6.11 -0.31 4.75 6 92K 102K 4.44
Current.
ATYT 06/23 Cup hdl 11.27 -0.41 9.7 11.88 4.8M 2.4M 11.38
Exited.
BDY 07/16 Test BO 19.28 +0.2 19.58 23.25 510K 376K 18.21
Current. Gapped higher but gave it back. Excellent volume and it would have been nice if it held the move. Still in good shape.
BEBE 07/01 Test BO 21.29 +0.03 20.9 24.95 159K 321K 21.62
Current. Has been forming a new handle to the base over the past month.
CCMP 07/07 Cup hdl 60.6 -0.7 61.05 71 801K 1.3M 59.25
Current. Testing the 10 day MVA with a doji.
CELL 07/21 Cup hdl 26.36 +0.12 19.25 23.25 216K 225K 24.35
Current. Nice test.
CHINA 07/29 Test 18 10.27 -1.65 13.88 17.35 34M 15M 12.88
Buy Not Hit.
CHINA 06/21 Test BO 10.27 -1.65 7.95 9.55 34M 2.8M 11.78
Current. Tanked hard late. Will see if we get a bounce back toward the 18 day MVA to exit. Often a stock rebounds after a big drop.
CHS 07/23 Test BO 27.3 +0.1 27.05 31.25 1M 2.2M 25.85
Current. Still holding up well, tapping the 10 day MVA on the low and rebounding.
CMTL 08/05 Put 16.82 +0.42 16.24 14.12 553K 450K 17.56
Buy Not Issued.
CMVT 08/02 Dbl Top 13.66 -0.15 13.85 11.85 2.3M 3.5M 14.78
Current. Moved down further but showed a doji on the session and may test back up.
COHU 07/24 Rv H&S 18.85 -0.26 19.85 23.88 71K 155K 19.12
Current. Tapped the 18 day MVA on the low on very low volume Still a decent test.
COLT 07/24 BO 5.4 -0.13 5.3 6.68 27K 200K 4.93
Current. Tapped the 10 day MVA on very low volume as it works laterally here.
CRAY 07/22 Test BO 11.04 -0.06 9.73 11.75 796K 1.4M 9.94
Current. Tested all the way back to the 10 day but rebounded. Giving it some room here but won't let it tank on us.
CSC 08/04 DB hdl 42.2 -0.22 42.88 48.45 1.7M 2.4M 39.88
Buy Not Issued.
DCEL 08/05 Flat 6.63 -0.09 7.06 8.48 1.2M 726K 6.54
Buy Not Hit.
DKS 03/18 DB hdl 36.06 +0.04 23.81 28.42 184K 225K 35.94
Current. Another doji over the 50 day MVA on low volume.
DKS 02/19 DB hdl 36.06 +0.04 22.75 27.35 184K 225K 35.94
Current.
DRIV 08/06 Test 50 22.49 +2.32 22.62 26 2M 1.7M 21.04
New.
DSCM 07/10 Test BO 5.16 -0.55 6.36 8.12 335K 425K 5.91
Buy Not Hit. Fell through the 50 day. Dropping for now.
DVA 05/17 Cup hdl 27.5 -0.04 25.11 30 439K 573K 27.55
Exited.
EBKR 08/04 BO 17.7 -1.05 19.55 23.48 206K 200K 18.09
Buy Not Hit. Not continuing the Monday move at all.
EMBT 07/26 Cup hdl 7.73 +0.03 8.75 10.48 327K 400K 8.14
Buy Not Issued.
FFIV 07/14 A Wedge 17 -0.1 18.96 23 391K 800K 17.55
Buy Not Issued. Will watch to see if it can rally off the 50 day but dropping for now.
FLSH 05/22 Test BO 14.53 -0.61 10.55 12.75 316K 195K 14.42
Current. Selling back through the 10 day MVA on some rising volume. Needs to hold support at 14.
FLSH 05/12 Rv H&S 14.53 -0.61 9.2 10.96 316K 195K 14.42
Current.
FSII 07/12 Cup hdl 4.45 -0.28 4.9 6.25 154K 333K 4.55
Exited.
GNTA 08/06 H&S 11.67 -0.28 11.94 9.76 987K 1.1M 12.45
New.
GPRO 06/17 A Wedge 50.21 -2.04 41.75 48 566K 766K 51.65
Current. Broke the 18 day MVA and holding some support at 50. If no rebound we will close it.
GPRO 04/05 Dbl btm 50.21 -2.04 26.5 30.75 566K 521K 51.65
Current.
HPOL 07/08 Test BO 6.36 -0.2 7.22 8.95 1000 541K 6.68
Exited.
HPOL 06/14 Test BO 6.36 -0.2 6.7 8.38 1000 541K 6.68
Exited.
IDT 07/12 Cup hdl 17.98 -0.03 18.35 21.95 254K 200K 17.88
Buy Not Issued.
IMA 07/28 A Wedge 20.9 +0.2 21.42 25.72 108K 115K 19.92
Buy Not Hit. Still holding the pattern quite nicely.
INTC 07/31 FlyPlat 24.14 -0.13 25.56 30.65 58M 75M 24
Buy Not Hit.
INTU 06/26 Put 42.31 -0.39 41.8 38.05 2.6M 6M 43.68
Current.
ITRI 08/06 H&S 19.69 -0.41 19.57 17 154K 200K 20.55
New.
KLAC 07/19 Cup hdl 50.29 -0.29 52.25 60 8M 14M 50.12
Current. Holding some support at 50.
KLIC 08/02 Test BO 9.22 +0.16 9.32 11.75 1.2M 1.5M 8.48
Current. Holding well at 9.
LLTC 07/23 Rv H&S 36.23 -0.18 37.35 44.85 5.5M 9M 35.55
Current. Holding up very well.
LM 05/06 Cup hdl 67.58 +0.67 58.5 67.78 322K 610K 68.15
Current. Holding the 50 day MVA and starting to attempt a rebound.
MCTR 07/28 Test BO 2.95 0 2.55 3.35 905K 367K 2.28
Buy Not Issued.
MDCC 07/21 Cup hdl 17.33 +0.04 18.35 22.35 53K 275K 17.94
Exited.
MERX 07/15 Cup hdl 11.1 -0.05 10.52 12.75 253K 248K 9.78
Current. Gapped to the 10 day MVA but rebounded. Good finish.
MIL 08/05 Put 41.88 -0.58 42.22 39.15 365K 500K 43.22
Buy Not Issued. Gapped down and basically held there. Looking for a bounce back up to test the 50 day and then the drop.
MKSI 07/21 Cup hdl 21.17 -0.49 22.25 27.95 211K 488K 21.68
Current. Below the 18 day MVA still, forming something of another handle here.
MKSI 07/14 Cup hdl 21.17 -0.49 22.8 27.95 211K 488K 21.68
Current.
MMSI 08/05 Test BO 25.96 -0.16 26.72 32 116K 183K 25.55
Buy Not Hit.
MRGE 07/19 Test BO 14 -0.19 16.35 19.65 107K 239K 14
Exited.
MRGE 04/24 Rv H&S 14 -0.19 8.06 10.45 107K 65K 14.38
Exited.
MRVL 08/02 Cup hdl 35.02 +0.47 36.28 43.55 3M 4.9M 33.74
Buy Not Hit.
MXO 07/22 Test BO 9.31 -0.41 10.18 12.25 2.4M 4.6M 9.47
Exited.
NENG 08/04 Test BO 4.85 -0.15 5.12 6.35 378K 232K 4.66
Current. Holding over support at 4.50 on the lows.
NEWP 07/29 Cup hdl 16.7 +0.06 17.66 21.35 274K 552K 16.44
Current. Nice doji right on the 18 day MVA as volume moved higher.
NTN 07/26 FlyPlat 2.35 -0.1 2.44 3.32 177K 200K 2.18
Current. Held the 10 day. Looks nice.
ONNN 06/21 Test BO 3.17 -0.03 3 3.75 145K 900K 3.18
Current. Still making the comeback.
OPSW 07/15 Test BO 4.97 -0.28 6 7.32 630K 850K 5.45
Exited.
PG 08/02 H&S 88.8 +1.27 86.54 83 3.9M 4M 87.88
Buy Not Issued. Rallied up to the 50 day MVA on stronger, above average volume. Will see if it fails here, but the rising volume shows buyers moving back in.
PHMD 07/17 Test BO 2.68 +0.01 2.9 3.75 139K 150K 2.68
Exited.
PIXR 07/30 Test 18 67.5 -0.77 69.06 78.48 374K 1.3M 66.12
Buy Not Issued.
PIXR 07/05 Cup hdl 67.5 -0.77 62.8 71.75 374K 1.2M 65.94
Current. Still moving laterally on low volume.
PMTI 08/06 BO 6.5 +0.55 6.59 7.91 575K 200K 5.96
New.
PTEK 07/29 Cup hdl 5.97 -0.34 6.18 8 476K 276K 5.73
Buy Not Issued.
PWAV 07/15 Test BO 7.48 +0.03 8.12 9.75 1.1M 2.1M 7.45
Buy Not Hit.
RIMM 07/31 Cup hdl 24.49 -0.63 24.38 29.35 6.5M 2.5M 22.67
Buy Not Issued. Tanking back hard as the takeover rumor died down. Now it may be a good entry point and will see what it does tomorrow.
SIE 07/30 Test BO 23.49 -0.11 27.12 32.55 764K 700K 25.22
Buy Not Hit.
SINA 06/26 Test 18 31.98 -0.47 17.71 21.25 10M 4M 30.52
Current. Testing the 18 day MVA.
SOHU 06/21 Test 50 32.27 -1.84 28.5 35 4.3M 2.5M 32.48
Exited.
SRA 08/04 Cup hdl 15.49 -0.38 16.74 20.12 75K 247K 15.57
Buy Not Hit.
SWIR 07/07 Test BO 9.62 +0.17 7.38 8.96 441K 355K 8.96
Current. Still holding up, moving laterally over the 10 day.
TKLC 08/02 Test BO 13.86 -0.5 14.78 17.75 388K 1M 13.75
Buy Not Hit.
TSAI 07/30 Cup hdl 11.84 -0.26 11.75 13.88 187K 240K 10.96
Current. Still holding the breakout quite well.
TSCO 06/03 Rv H&S 53.74 -0.08 46.85 55.25 203K 603K 53.25
Current. Tight doji on the 18 day MVA.
TSCO 04/24 Cup hdl 53.74 -0.08 43.75 52 203K 603K 53.25
Current.
TUES 08/06 Cup hdl 27.55 -0.13 28.88 34.65 459K 309K 26.94
New.
ULCM 07/29 Cup hdl 10.47 -0.3 12.22 14.96 66K 186K 11.36
Buy Not Hit.
VRTS 08/19 CCall 29.91 -0.24 19.76 20 8.6M 8.5M 29.06
Current.
VSEA 07/12 Test BO 32.76 +0.74 34.5 40.95 1.1M 1.4M 32.08
Current. Up off the 50 day MVA test on some strong volume. As it should be for now.
VVTV 07/19 Cup hdl 17.25 +0.19 16.95 20.45 231K 250K 15.86
Current. Still making the move up the 10 day MVA
WWCA 07/23 BO 13.8 -0.62 14.48 17.45 829K 824K 14
Current. Fell below the 18 day MVA but was rallying back off the close.
WWCA 05/22 BO 13.8 -0.62 11.42 13.85 829K 824K 14
Current.
XICO 07/02 A Wedge 9.05 -0.1 7.25 8.65 123K 172K 7.98
Current. Continues to hold up quite well.
XMSR 07/16 Cup hdl 13.27 -0.78 14.25 17.25 6.6M 11M 13.12
Buy Not Issued. Earnings were good but not getting it off the dime for the breakout.
XOMA 07/28 Rv H&S 8.21 -0.13 7.15 8.68 1.3M 1.5M 6.65
Buy Not Issued. Testing back on lower volume.
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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