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us stock market, top stock pick
Begin Part 2 of 2
Another new play:
Play Date: 10/29/2003
TUTS (Tut Systems--$6.07; +0.34; no options): Telecom equipment
http://biz.yahoo.com/p/t/tuts.html
STATUS: Ascending triangle. TUTS is showing a lot of life in its 5 week base that formed on the heels of a 3 month cup. These base on base patterns, particularly the cup followed by the triangle, tend to lead to explosive moves and solid gains. Accumulation in the triangle is a solid 2 to 0, and the price/volume action is good with a few large volume spikes on up sessions as it moves through the base. Those indicate a lot of buying activity. It is making a series of higher lows below a constant top near 6. That builds pu the pressure until it blasts out on a strong breakout that is typical of this pattern. Excellent money flow and relative strength ready to breakout.
Volume: 319.377K Avg Volume: 98.636K
BUY POINT: $6.28 Volume=175K Target=$7.72 Stop=$5.84
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/tuts.html
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 plays that still look good: TARO; AKAM will breakout in the morning; CORI
Good movers Wednesday: AMSWA; SOX; DCGN; LM; VAR; BRLI
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.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^SOXX 10/25 Test 50 496.23 +5.12 463.17 492 1.5M 1.1M 479.98
Current. Took half of the gain as it moved to the target. Still making us money as it continued higher.
AKAM 10/21 Cup hdl 5.96 -0.03 6.42 8 3.5M 2.4M 5.88
Buy Not Hit. Will make the breakout tomorrow morning as it reported strong results after hours. Nice pattern and will be a good addition.
AMSWA 10/23 Test BO 6.7 +0.81 6.12 7.45 717K 150K 5.62
Current. Entered the play with an explosive move on excellent volume surge.
AV 09/25 Flat 13.3 -0.05 11.38 13.65 2.8M 4.4M 12.55
Current. Narrow trading range showing adoji on below average volume. Still in the pattern.
BRLI 10/20 Cup hdl 17.65 +2.02 13.45 16.22 823K 212K 14.32
Current. Took a partial gain as it rallied and backed off. But then it poured it on on big volume. No problem as we have locked in some gain and are making even more money.
CATS 10/27 Test BO 7.1 +0.05 6.88 8.38 64K 145K 6.52
Buy Not Issued. More volatile session with 7.24 at the high and 6.96 at the low showing a tight doji on below average volume. Have not entered the play, because the volume was not there.
CELL 10/02 Test 18 27.25 +0.01 23.25 28 621K 1M 24.68
Current. Gapped up at the open, then gave some of it back on low volume. Still in uptrend.
CELL 07/21 Cup hdl 27.25 +0.01 12.83 15.51 621K 225K 24.68
Current.
CHT 10/16 Cup hdl 15.85 +0.26 15.62 18.75 738K 1.1M 14.88
Buy Not Issued. Really thought about it, but just not much volume on the move.
CKSW 10/25 Test BO 3.08 -0.19 3.08 4.05 456K 300K 2.81
Buy Not Issued. Gapped down at the open and then went down to tap 2.94 at the low (below the 10 day MVA) and rallied on above average volume. Still in good shape.
CORI 10/27 Test BO 6.01 +0.11 6.19 7.75 653K 550K 5.82
Buy Not Hit. Volatile with 6.11 at the high and 5.75 at the low closing above the 10 day MVA on lower, but still above average volume. Still in good shape.
CVM 10/20 Test BO 1.52 -0.09 1.61 2.05 855K 900K 1.38
Current. Gapped up at the open then gave it all back holding on the 10 day MVA on average volume. Stock is making higher lows as it climbs the 10 day MVA.
CVM 09/29 Cup hdl 1.52 -0.09 1.17 1.56 855K 900K 1.38
Target Hit. Took half of the gain on the lower position as it gapped higher and then started to fade back toward the 10 day MVA.
DCGN 09/20 Test BO 7.21 +0.26 4.32 5.38 711K 315K 5.96
Current. Moving up the 10 day MVA for a nice gain on slightly above average volume. Tapped 7.37 at the day's high, but gave back the gain.
DJO 09/11 Cup 17.45 +0.56 14 16.45 92K 100K 15.46
Current. Gapped up at the open and moved higher on strong volume. Tapped 17.72 at the high, but could not hold the gain. Move up the 10 day MVA.
DKS 10/13 Cup 47.2 -0.5 44.68 55.38 201K 603K 42.32
Current. Pull back on below average volume. Tested yesterday's gain intraday. Still in uptrend and moving up the 10 day MVA.
ECIL 10/02 Test BO 4.85 +0.05 4.3 5.22 180K 300K 4.42
Current. Continue to move up the 10 day MVA on low volume.
EGOV 10/07 Test BO 5.23 +0.09 5.07 6.35 194K 264K 4.96
Current. Tested below the 10 day MVA and rallied on below average volume. Beginning to move up the 10 day MVA.
EGOV 09/20 Cup hdl 5.23 +0.09 4.8 5.68 194K 264K 4.96
Current.
EMBT 10/06 Flat 12.55 +0.18 11.24 13.38 287K 350K 11.66
Current. Moving up the 10 day MVA on slightly above average volume.
EMBT 07/26 Cup hdl 12.55 +0.18 9.33 11.12 287K 400K 11.66
Current.
ENMD 09/17 Cup 5.01 +0.02 5.39 6.72 424K 890K 4.86
Current. Volatile session with 5.14 at the day's high and 4.94 at the day's low showing a doji on the 18 day MVA. Continued to make a lateral move along the 18 day MVA.
ESPR 10/23 BO 23.99 +0.93 23.05 27.92 598K 600K 21.44
Current. Gapped up at the open and moved up for a nice gain on above average volume. Continue up the 10 day MVA.
EVCI 10/20 Cup hdl 4.15 -0.15 3.4 4.38 64K 125K 3.21
Current. Gapped up at the open and then gave it back and then some on very low volume. Still in uptrend and moving up the 10 day MVA.
GBN 10/22 Cup 1.87 -0.02 1.86 2.42 1M 300K 1.68
Current. Gapped up at the open and then gave it back on very strong volume surge. Managed to retain all of last Wednesday's big move. May test back further.
GEMS 10/22 Test BO 2.75 -0.01 2.87 3.72 216K 487K 2.61
Current. More volatile with 2.85 at the high and 2.65 at the low (18 day MVA) closing on the 10 day MVA on very low volume. Testing the breakout.
GIGM 10/01 Cup hdl 3.11 -0.24 3.12 4.05 3.3M 2.7M 2.74
Current. Gapped down at the open and then went up to tap 3.35 but gave it back on lower, but still above average volume. Managed to retain some of yesterday's great move. Still in uptrend.
GNSC 10/09 Test BO 2.73 +0.13 2.65 3.47 267K 175K 2.43
Current. Gapped down to open on the 10 day MVA and rallied higher on stronger above average volume. Still in uptrend moving up the 10 day MVA.
IDT 10/18 Test BO 18.73 -0.26 19.51 23.28 110K 175K 18.74
Exited. Exited the play as the stock tanked below the 18 day MVA on higher volume.
IFLO 09/22 Test BO 13.66 +0.08 11.29 13.55 642K 375K 11.84
Current. Very volatile session with 14.69 at the high and 12.55 at the low showing a doji on very strong above average volume. Continue to move up the 10 day MVA.
IFLO 09/09 Flat 13.66 +0.08 9.62 11.52 642K 426K 11.84
Current.
ILXO 10/28 Dbl btm 21.07 +0.22 21.42 25.75 392K 692K 19.72
Buy Not Issued. Tested the 10 day MVA and rallied on average volume. Tapped 21.54 at the day's high, but could not hold the gain. Continues to climb the 10 day MVA.
JADE 10/16 Cup hdl 4.34 -0.04 5.04 6.32 69K 235K 4.45
Buy Not Hit. Gapped down at the open to recover some and close on the 18 day MVA on below average volume. Needs to hold here or will look to drop.
LENS 10/29 A Wedge 13.2 +1.11 13.17 15.78 997K 750K 12.18
Current. Had this on the watchlist and saw it break higher on volume so issued a bonus alert.
LM 05/06 Cup hdl 83.63 +1.56 58.5 67.78 853K 610K 76.38
Current. Gapped up and just kept moving for a nice gain on very strong volume.
LOUD 10/23 Flat 2.63 -0.03 2.75 3.78 1.5M 3.6M 2.38
Current. Gapped down at the open and then went up to test 2.75, but then gave it back. Still in good shape.
NCI 10/25 Cup hdl 17.23 +0.67 15.41 18.55 527K 559K 14.21
Buy Not Issued. Continue to move up the 10 day MVA on above average volume. Will watch for the test and then pick it up at that time.
NEXM 10/14 Cup hdl 4.99 +0.03 5.03 6.28 830K 292K 4.68
Current. Narrow trading range showin g a doji on stronger above average volume. Still in good shape. May be ready for next move up.
NOOF 10/25 Cup hdl 4.66 -0.14 4.78 6.21 144K 280K 4.42
Current. Gapped down at the open then went up to tap 4.98 at the day's high, but gave back the gain to close just above the 10 day MVA on below average volume. Still in good shape.
NTES 10/24 Test 50 50.64 -15.21 64.25 75 20M 5M 60.45
Current. Stock tanked and held above support at 50 on strong volume surge. Will wait to see if recovers or will exit on a relief bounce.
NVLS 10/28 Test 50 40.38 -0.25 39.84 47.75 6.3M 9.5M 37.72
Current. More volatile with 40.67 at the high and 39.87 at the low showing a tight doji on below average volume. Managed to retain a majority of yesterday's powerful move. Still in uptrend.
NXG 10/15 Cup 1.95 +0.01 1.89 2.48 778K 684K 1.78
Current. Continue to move up the 10 day MVA on much higher, above average volume.
NXTL 10/02 Cup hdl 24.04 +0.72 20.76 24.95 19M 27M 21.48
Current. Continue to move up the 10 day MVA for a nice gain on slightly above average volume.
NXTL 09/17 Cup hdl 24.04 +0.72 20.64 24.75 19M 24M 21.48
Current.
ODSY 10/18 Put 30 +0.85 27.8 24.65 227K 511K 28.62
Exited. Exited the play when the stock rallied to close above the 50 day MVA on below average volume.
OLGC 10/18 Test BO 7.85 +0.15 7.15 8.58 342K 342K 6.65
Current. Continue to move up the 10 day MVA for a nice gain.
ONNN 10/28 Test 50 4.96 +0.21 4.65 5.88 3.8M 1.7M 4.42
Current. Another nice move up the 10 day MVA on above average volume.
OPSW 10/28 A Wedge 8.59 +0.04 8.88 10.72 923K 1M 8.17
Buy Not Hit. More volatile with 8.78 at the high and 8.37 at the low. Gapped up at the open but gave back some of the move on below average volume. Still in uptrend and moving up the 10 day MVA.
ORBK 10/14 DB hdl 24.1 +0.46 24.31 29 229K 200K 22.89
Current. Beginning to move up the 10 day MVA on strong volume surge. Gapped up at the open and moved up filling in the gap intraday.
PDYN 09/29 DB hdl 3.34 +0.02 2.55 3.24 73K 450K 3.15
Current. Continue low volume lateral move on the 10 day MVA.
PHTN 10/22 Dbl Top 32.9 +0.95 29.64 26.05 469K 476K 30.82
Buy Not Issued. Continue to move up the 10 day MVA. The stock never made the move we were looking for with the volume we would like to see, so will drop for now, but will keep our eye on it.
PKI 10/09 DB hdl 18 -0.25 17.18 20.65 727K 1.1M 16.21
Buy Not Issued. Pull back showing a doji on slightly above average volume. Managed to retain some of yesterday's great move. Still in uptrend.
PUMA 10/27 A Wedge 6.75 -0.1 6.78 8.48 1M 1.4M 6.18
Buy Not Issued. More volatile session with 7 at the high and 6.53 at the low showing a tight doji on below average volume. Still in uptrend and moving up the 10 day MVA.
QLGC 10/14 Rv H&S 56.86 +0.47 52.88 63.38 5.3M 7M 51.32
Current. Continue to move up the 10 day MVA on above average volume.
RETK 10/06 A Wedge 10.19 -0.04 8.49 10.25 795K 776K 9.34
Current. Gapped down at the open, but then recovered some of the loss on above average volume. Tapped 10.35 at the day's high, but could not hold the gain. Testing the breakout.
SINA 10/24 Test 50 41.5 -2.07 41.55 50 17M 15M 39.42
Current. More volatile session with 42.80 at the high and 40.26 at the low (18 day MVA) showing a tight doji on lower, but still very strong volume. Still in good shape. Could be ready for next move up.
SINA 09/09 Cup 41.5 -2.07 36.15 41 17M 12M 39.42
Current.
SINA 08/18 Test 50 41.5 -2.07 32.2 38.25 17M 10M 39.42
Current.
SNCI 10/18 Test BO 7.05 -0.43 8.06 10 82K 120K 7.44
Buy Not Issued. Tanked below the 18 day MVA on strong volume. The stock did not make the move we were looking for so will drop for now, but will keep our eye on it.
SOFO 10/02 Test BO 2.23 +0.01 2.05 2.74 116K 395K 2.11
Current. Tested the 18 day MVA and rallied to close on the 10 day MVA on very low volume. Testing the breakout.
SOHU 10/24 Dbl btm 36.17 -1 37.69 45 7.2M 9M 34.85
Current. Gapped down to open below the simple 50 day MVA and rallied to close above the 10 day MVA on stronger above average volume. Tapped 36.80, but could not hold the entire gain. Still in good shape.
TARO 10/08 Cup hdl 64.94 +1.56 61.51 73 181K 501K 61.32
Current. Tested below the 10 day MVA and rallied for a nice move on below average volume. Resistance at 66
TELM 09/30 Test BO 1.7 +0.04 1.51 2.04 1.4M 7M 1.48
Current. Tested the 10 day MVA and rallied on very low volume. Resistance is at 1.79.
TLGD 10/22 Put 15.05 -0.07 14.98 13 129K 200K 15.82
Buy Not Issued. Gapped up at the open, but then rolled over closing on support on higher, above average volume. Needs to break through support at 15.
TSCO 06/03 Rv H&S 43.25 +0.65 23.42 27.62 358K 603K 37.96
Current. Continue to move up the 10 day MVA on below average volume.
TSCO 04/24 Cup hdl 43.25 +0.65 21.88 26 358K 603K 37.96
Current.
TSYS 10/14 Test 18 4.95 -0.14 5.05 6.15 170K 120K 4.98
Exited. Exited with a trailing stop when stock dropped below the 18 day MVA.
TSYS 08/14 Test BO 4.95 -0.14 3.54 4.45 170K 120K 4.98
Exited.
TXN 10/23 Test BO 29.18 -0.14 27.65 33.18 12M 18M 25.68
Current. Pull back on average volume. Still in uptrend and moving up the 10 day MVA on average volume.
VAR 10/28 Cup hdl 65.2 +3.68 64.5 74.25 2.2M 1.1M 60.94
Current. Entered the play as the stock gapped up at the open and made an explosive move on excellent strong volume surge.
ZMH 08/09 Test BO 62.96 +0.15 51.12 59.55 1.1M 3M 58.94
Current. Continue to move up the 10 day MVA on low 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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