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stock split, stock market
Begin part 2 of 3
New plays contained in part 3.
Support and Resistance
Nasdaq: Closed at 1843.70
Resistance: The 18 day MVA (1854). 1860 to 1865. 1889 (early September highs). 1930 - 1935. Then 2000 to 2050.
Support: The August high 1812 and 1814. The 50 day MVA (1784). The July high (1776). The March/August up trendline (1750).
S&P 500: Closed at 1009. 38
Resistance: The top of the summer range at 1015. The 18 day MVA (1019). 1030 to 1032 (early September highs) may act as some resistance. After that 1050. Then 1080 from February 2002 lows. 1100 to 1150, the early 2002 double top.
Support: The exponential 50 day MVA (1004) and 975 (December 1997 peak). 965 (August 2002 peak).
Dow: Closed at 9425.51
Resistance: 9500 (June 2002 lows) is the top of the recent summer range). The 18 day MVA (9501). 9609 (early September highs) make act as some resistance. 9735. 9800 (April and May 2002 lows).
Support: The exponential 50 day MVA (9356). 9353 (top of summer range). 9250 to 9236, the early June intraday high.
Economic Calendar
9-25-03
Durable goods orders, August (8:30): 0.5% expected, 1.0% July.
Initial jobless claims (8:30): 400K expected, 399K prior.
Existing home sales, August (10:00): 6.05M expected, 6.12M July.
New home sales, August (10:00): 1.12M expected, 1.165M July.
9-26-03
Q2 GDP, final (8:30): 3.1% expected.
Michigan sentiment, final for September (9:45): 88.5 expected, 88.2 prior.
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.
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.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^SOXX 09/22 Put 14.49 -21.54 443.61 425 1.7M 0 449.25
Current. Entered the play. Broke through the 18 day MVA to have a nice move down.
AGRB 08/28 Rv H&S 3 -0.19 3.02 3.95 2.3M 6.7M 2.96
AMI 09/23 A Wedge 17.95 +1 18.65 22.15 1.1M 385K 16.84
Current. Entered the play as the stock had a great move on excellent volume surge.
AMZN 05/03 BO 49.61 -0.83 30.3 35.45 15M 12M 45.83
Current. Pull back on lower, above average volume. Managed to hold most of yesterday's gain.
ARTG 09/13 Cup hdl 2.46 -0.11 2.84 3.68 617K 1.3M 2.55
Exited. Fell below the 18 day MVA so exited the play.
ARTG 08/12 Test 50 2.46 -0.11 2.26 2.72 617K 1M 2.55
Exited.
ASTM 09/22 Cup hdl 1.68 -0.09 1.86 2.38 3.5M 4.1M 1.64
Buy Not Hit. Moved down on lower, but above average volume.
AUDC 09/06 Cup 8.32 -0.09 7.16 9 754K 461K 6.54
Buy Not Issued. Volatile session with 7.58 at the day's low and 8.85 at the day's high. Slight move down on very strong volume.
AVAN 09/17 Cup 2.48 -0.24 2.81 3.42 699K 658K 2.61
Current. Tested below the 18 day MVA to rally and close above the 18 day MVA on slightly higher, above average volume.
AVID 08/09 Test 18 56.5 +0.34 0 0 816K 0 0
AVNX 09/15 Test BO 5.62 -0.34 6.32 7.5 1.1M 1.3M 5.88
Exited. Fell below the 18 day MVA on higher volume so exited the play.
AVNX 09/03 Cup hdl 5.62 -0.34 5.74 6.65 1.1M 1M 5.95
Exited.
AVNX 08/14 Flat 5.62 -0.34 4.68 5.92 1.1M 2M 5.95
Exited.
BDY 07/16 Test BO 30.75 -1.55 19.58 23.25 214K 376K 28.85
Current. Tested the 10 day MVA to rebound and close down but above the 10 day MVA on higher, but below average volume.
BEV 07/26 Test BO 6.1 -0.39 5.54 6.94 998K 1.4M 6.34
Exited. Fell below the 18 day MVA on higher volume, so exited the play.
CYTO 09/13 Cup hdl 13.69 +1.13 11.14 13.32 701K 463K 11.05
Target Hit. Took some of the money off the table when stock hit the target and let the rest ride.
DIS 08/09 Test 50 19.81 -0.39 22.06 26.48 9.6M 9M 21.12
DRIV 08/25 Cup hdl 29.94 -1.14 25.75 30.25 784K 1.7M 28.55
Current. Tested the 18 day MVA to rebound and close down on higher, but average volume.
DRIV 08/06 Test 50 29.94 -1.14 24.18 27.48 784K 1.7M 28.55
Current.
EBAY 12/12 Test 18 54.75 -0.61 34.72 46 13M 12M 53.02
Current. Tapped 57.25 at the day's high, but could not keep the gain to close down on higher, above average volume. Still above the 10 day MVA.
EBAY 10/15 Test 50 54.75 -0.61 31.22 46 13M 12M 53.02
Current.
EGOV 09/20 Cup hdl 4.8 0 4.8 5.68 739K 264K 4.05
Current. Opened higher but could not hold the gain to close flat on lower, but well above average volume. Tapped 4.50 at the day's low to rebound.
FSII 09/08 Cup hdl 4.75 -0.24 5.43 6.92 174K 320K 5.02
Exited. Dropped below the 18 day MVA to hold at the simple 50 day MVA so exited the play.
GLFD 09/09 Cup hdl 6.93 -0.27 6.35 7.85 494K 800K 6.54
Current. Tested below the 10 day MVA to rally and close down, but above the 10 day MVA on lower, below average volume.
IMCO 09/18 Test BO 8.33 +0.34 8.45 10.45 841K 225K 7.56
Current. Nice move up on lower, but well above average volume.
INTC 07/31 FlyPlat 27.78 -1.16 25.88 30.95 58M 75M 28.18
Exited. Dropped below the 18 day MVA on higher, above average volume, so exited the play with a trailing stop.
IRM 09/10 Put 36.15 -0.25 34.55 32 661K 500K 35.55
Current. Tapped 36 to rally and close down, under the 200 day MVA on lower, but well above average volume.
LNUX 08/30 Test BO 4.51 -0.64 4.05 6.38 5.5M 3M 5.08
Exited. Dropped below the 18 day MVA on higher volume, so exited the play.
LPNT 08/09 Rv H&S 24.28 -0.17 29.06 35 922K 1.3M 27.03
Buy Not Issued. Tested the 200 day MVA to rally and close just above the 200 day MVA on lower, above average volume.
LSI 09/16 A Wedge 10.82 -0.57 11.99 14.38 4.9M 6M 11.18
Exited. Dropped below the 18 day MVA with higher volume, so exited the play.
LUV 09/11 Cup hdl 18.18 -0.02 18.54 22.25 3.1M 3.7M 18.02
Current. Tested the 18 day MVA to rally and close fractionally down just above the 18 day MVA on higher, above average volume. Tapped 18.50 at the day's high, but could not hold the gain.
MLHR 08/09 Test BO 23.25 -0.57 22.95 27.42 200K 325K 23.54
Exited. Dropped below the 18 day MVA on higher volume, so exited the play with a trailing stop.
MROI 08/27 Cup hdl 14.72 -0.07 14.3 17.15 138K 163K 13.88
Current. Tested the 10 day MVA to rally and close down on higher, above average volume.
MRVC 09/11 Test 18 2.94 -0.31 2.81 3.68 1.5M 1.3M 2.98
Current. Moved down to close above the 18 day MVA on higher, above average volume. Needs to hold the 18 day MVA.
MRVC 09/03 Cup 2.94 -0.31 2.65 3.68 1.5M 1M 2.98
Current.
NEOF 08/25 Rv H&S 15.9 -0.45 14.22 16.97 134K 106K 15.96
Current. Tested below the 18 day MVA to rally and close down, but above the 18 day MVA on higher, above average volume.
NERX 09/16 Cup hdl 5.13 -0.89 4.05 5.12 1M 156K 5.12
Current. Gapped down at the open and continued to move down on lower, but above average volume. Tapped 5 and rallied back. Still above the 10 day MVA.
NTOP 08/20 A Wedge 6.85 -0.59 5.9 7 784K 300K 6.78
Current. Tested the 18 day MVA to rally and close holding the 10 day MVA on higher, above average volume.
NVAX 09/03 DB hdl 7.45 -0.25 6.75 8.39 198K 302K 6.88
Current. Tested below the 10 day MVA to rebound and close down on lower, but average volume. Still moving up the 10 day MVA.
NXTL 09/17 Cup hdl 19.89 -0.32 20.64 24.75 24M 24M 19.62
Current. Entered the play. Tested the 10 day MVA to rebound and close down just above the 10 day MVA on higher, above average volume. Tapped 20.83 at the day's high but could not hold the gain.
OCR 08/09 Test 50 35.77 +0.58 0 0 1.5M 0 0
ORCC 09/22 Test BO 7.4 +0.35 7.54 9.05 127K 165K 6.96
Buy Not Hit.
ORCC 09/15 Cup hdl 7.4 +0.35 6.99 8.81 127K 165K 6.88
Current. Bounced off the 10 day MVA to move higher with a nice gain on higher, above average volume.
PTN 09/09 Rv H&S 4.81 -0.22 4.15 5.25 397K 329K 4.29
Current. Tapped 4.75 at the day's low to rebound and close down on lower, but above average volume. Tapped 5.25 at the day's high, but could not hold the gain. Managed to hold some of the yesterday's gain.
QCOM 08/21 DB hdl 43.52 -1.26 40.52 48.65 8.9M 12M 43.32
Current. Tested the 18 day MVA to rally and close just below the 10 day MVA on lower, below average volume.
QRSI 08/20 Cup hdl 9.35 -0.25 8.6 10.72 125K 184K 8.68
Current. Tested the 10 day MVA to rebound and close down forming a doji on slightly higher, but below average volume.
SBUX 07/30 Cup 30.1 -0.09 30.35 36.75 5.7M 6M 28.82
Current. Volatile session with 30.95 at the day's high and 29.83 at the day's low. Slight pull back on lower, but above average volume.
SBUX 07/01 Cup 30.1 -0.09 26.3 30.94 5.7M 6M 28.52
Current.
SCMR 09/18 Test BO 4.8 -0.18 5.22 6.55 2.4M 2M 4.79
Buy Not Hit. Tested the 18 day MVA to rally and close down but above the 18 day MVA on slightly higher, but average volume.
SINA 09/09 Cup 41.65 -1.64 36.15 41 12M 12M 37.22
Current. Opened higher, but lost the gain to close down, but above the 10 day MVA on higher, above average volume.
SINA 08/18 Test 50 41.65 -1.64 32.2 38.25 12M 10M 37.22
Current.
SKYW 09/06 Cup hdl 18.5 -1.1 20.75 24.88 513K 789K 19.18
Exited. Dropped below the 18 day MVA on higher volume,so exited the play.
SPRT 08/28 A Wedge 11.3 -0.08 10.28 12.35 815K 910K 9.83
Current. Pull back on lower, but above average volume.
SSYS 09/02 BO 49.02 -3.7 47 56 813K 629K 44.76
Current. Moved down to hold still above the 10 day MVA on higher, above average volume.
STEL 09/13 Cup hdl 8.76 -0.29 8.97 10.82 90K 280K 8.48
Current. Tested the 10 day MVA to rally and close down, but above the 10 day MVA on lower, below average volume.
SWIR 09/08 Test BO 14.25 -0.45 12.29 14.65 1.1M 425K 12.25
Target Hit. Took some of the money off the table as stock hit the target. Opened higher, but could not hold the gain to close down on higher, above average volume.
TGT 08/09 Flat 38.89 -0.6 41.45 50 3.9M 5.7M 38.74
Pull back to hold the 50 day MVA on lower below average volume.
.
TLCV 09/23 Cup hdl 6.55 -0.03 7.08 8.54 424K 1.1M 6.32
Buy Not Hit. Tested below the 10 day MVA to rebound and close slightly down on lower, below average volume.
TQNT 08/27 A Wedge 6.15 -0.44 5.27 6.58 1.6M 2.2M 6.22
Current. Tested below the 18 day MVA to rally and close just above the 18 day MVA. Must hold here or will exited,
TSCO 07/29 Test BO 37.35 -0.18 28.06 31.44 470K 494K 34.25
Current. . Slight pull back on higher, but below average volume.TSCO 06/03 Rv H&S 37.35 -0.18 23.42 27.62 470K 603K 34.25
Current.
TSCO 04/24 Cup hdl 37.35 -0.18 21.88 26 470K 603K 34.25
Current.
TSCO 04/03 Rv H&S 37.35 -0.18 19.3 22.19 470K 577K 34.25
Current.
TXCC 09/20 Test 18 2.52 -0.24 2.74 3.54 4.8M 2.8M 2.48
Current. Tapped 2.96 at the day's high, but could nnot maintain the gain to closedown holding the 10 day MVA.
UNTD 07/12 Test BO 40.23 -0.3 28.8 34.12 2.1M 2.1M 38.12
Current. Announced a 3 for 2 split today. Tapped 43.64 at the day's high, but could not hold the gain to close down above the 10 day MVA on higher, above average volume.
UNTD 05/29 Flat 40.23 -0.3 23.45 28 2.1M 2M 38.12
Current.
UPC 09/20 Flat 32.03 -0.51 33.36 38.35 411K 806K 32.32
Buy Not Hit. Moved down to hold the simple 50 day MVA on higher volume. The stock has not made the move we were looking for so will drop for now, but will keep our eye on it.
VRSN 09/11 Rv H&S 13.72 -0.97 16.29 19.55 3.3M 5.5M 15.15
Buy Not Hit. Tanked below the simple 50 day MVA on higher volume. The stock has not made the move we were looking for, so will drop for now, but will keep our eye on it.
WFR 09/13 Test BO 12.52 -0.48 14.05 16.88 460K 750K 13.07
Buy Not Hit. Tested the exponential 50 day MVA to rally and close down but above the 50 day MVA on lower, below average volume. The stock has not made the move we were looking for, so will drop for now, but will keep our eye on it.
WMGI 09/10 Flat 25.4 -0.23 26.04 31.25 186K 400K 24.68
Buy Not Issued. Tested the 18 day MVA to rebound and close down, but above the 10 day MVA forming a tight doji on higher, but still below average volume.
YHOO 09/22 Test BO 36.61 -1.21 37.95 45.25 16M 15M 35.72
Current. Moved down to lose yesterday's gain on slightly lower, but above average volume.
YHOO 09/04 Rv H&S 36.61 -1.21 34.9 42 16M 20M 34.54
Current.
End part 2 of 3
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stock split
stock market
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