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Begin part 2 of 3
New plays and full write-ups contained in part 3.
Support and Resistance
Nasdaq: Closed at 1957.96
Resistance: October high (1967) is now back in play. The near top of the channel (1977ish). The second, higher channel hit in September is at 2002ish. Then 2000 to 2050, the early January 2002 double top.
Support: The 18 day MVA (1920). The September high (1913). 1860 to 1865. The 50 day MVA (1869). The March/August up trendline (1866).
S&P 500: Closed at 1053.25
Resistance: 1054 (October highs) is not completely broken. The December to June upper channel line at 1064ish. 1050 and 1080 from February 2002 lows. 1100 represents some early 2001 lows. 1150 to 1175, the early 2002 double top.
Support: The 10 day MVA (1047) and the 18 day MVA (1042). 1040, the September highs. 1030 to 1032 (early September highs). The exponential 50 day MVA (1027). The top of the summer range at 1015. 1010 the early September highs. 975 (December 1997 peak).
Dow: Closed at 9838.83
Resistance: The October high (9850) is again the near resistance to beat. 10,000 is the candle that attracts the moth.
Support: 9800 (April and May 2002 lows). The 10 day MVA (9765). The 18 day MVA (9722). 9686 (September high). 9588 the early September highs. The exponential 50 day MVA (9580). 9500 (June 2002 lows) is the top of the summer range.
Economic Calendar
11-03-03
ISM Index, October (10:00): 57.0 actual, 55.9 expected, 53.7 September.
Construction spending, September (10:00): 1.3% actual, 0.4% expected, 0.7% August (revised from 0.2%).
11-05-03
ISM Services, October (10:00): 63.4 expected, 63.3 September.
Factory Orders, September (10:00): 0.6% expected -0.8% August.
11-06-03
Productivity, Q3 (8:30): 8.5% expected, 6.8% Q2.
Initial jobless claims (8:30): 380K expected, 386K prior.
11-07-03
Non-farm payrolls, October (8:30): 65K expected, 57K September.
Unemployment rate, October (8:30): 6.1% expected, 6.1% September.
Hourly earnings, October: 0.2% expected, -0.1% September.
Average workweek: 33.8 expected, 33.7 September
Wholesale inventories, September (10:00): 0.2% expected, -0.2% August.
Consumer credit, September (3:00): $5.3B expected, $8.2B August.
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.
WATCHLIST/ CONTINUING
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; PreAnn=Pre-Announcement split; PreSplt=Pre-split; 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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACV 08/04 Test 18 63.96 +0.32 58.45 67.45 206K 400K 61.64
Current. Continue to move up the 10 day MVA on slightly higher, but still below average volume.
ACV 07/19 BO 63.96 +0.32 54.8 65.85 206K 400K 61.64
Current.
ADTN 10/25 Test 50 71.73 +0.93 68.25 77.45 692K 1.1M 67.22
Current. Tapped 73.10 at the high, but could not hold the entire gain as the stock begins to climb the 10 day MVA on below average volume. Resistance is at 74.96.
APPB 10/13 BO 38.47 -0.04 37.55 44.95 497K 750K 35.24
Current. Tapped 32.93 at the day's high, but gave it back showing a tight doji on lower, but average volume. Stock continues to move up the 10 day MVA.
AV 09/25 Flat 13.22 +0.16 11.38 13.65 5M 4.4M 12.75
Current. Formed a nice handle. May be ready to break out. Bounced off the 10 day on stronger but still below average volume.
AVO 10/30 Cup hdl 19.44 -0.24 19.72 23.68 141K 359K 18.34
Buy Not Issued. Pull back on very low volume. Managed to retain all of last Thursday's explosive move. Still in uptrend.
AVP 08/14 Test 50 68.85 -0.18 66.68 76.32 706K 1.7M 67.12
Current. Narrow trading range. Pull back on below average volume. Still in uptrend and moving up the 10 day MVA.
BBA 10/29 Test BO 13.58 +0.06 13.76 16.45 343K 749K 12.76
Current. Continue to move up the 10 day MVA on below average volume.
BCR 10/04 Cup hdl 78.5 -1.1 73.05 83.55 332K 563K 78.42
Thudded down to close below the 10 day MVA on slightly higher, but average volume. Testing the breakout.
BHE 10/27 Test 50 51.7 +1.63 48.99 55.88 329K 550K 48.22
Current. Moving up the 10 day MVA to break a new high on slightly lower, below average volume.
BLUD 10/21 A Wedge 30.32 +0.36 30.22 34.78 123K 320K 29.08
Buy Not Issued. More volatile with 30.67 at the high and 29.56 at the low (10 day MVA). Stock continues to climb the 10 day MVA on below average volume.
BSX 10/23 Test 50 67.7 -0.8 66.8 75 1.6M 4M 65.95
Current. More volatile with 68.80 at the high and 67.40 at the low showing a doji on below average volume. Still in uptrend.
BSX 09/29 Test 50 67.7 -0.8 65.45 69.45 1.6M 4.5M 65.95
Current.
CATS 10/27 Test BO 7.38 -0.07 7.58 9.12 35K 145K 7.05
Buy Not Issued. Pull back on very low volume. Still in uptrend and moving up the 10 day MVA.
CECO 07/31 FlyPlat 54.22 -0.73 42.86 47.62 1.4M 1M 51.44
Current. Pull back on slightly higher, but average volume. May beginning to make a lateral move above the 10 day MVA.
CECO 07/19 Test 18 54.22 -0.73 37.88 43.28 1.4M 1.2M 51.44
Current.
CECO 05/29 Test 50 54.22 -0.73 31.28 36.73 1.4M 1M 51.44
Current.
CEDC 10/25 Test 18 38.26 +0.56 34.25 40.88 152K 282K 35.82
Current. More volatile with 39 at the high and 37.71 at the low showing a tight doji on lower, below average volume. Moving back up the 10 day MVA. Resistance is at 39.05.
CELL 10/02 Test 18 28.03 +0.13 23.25 28 566K 1M 25.92
Current. Move up on very low volume. Stock is making higher lows. Still in good shape.
CELL 09/20 FlyPlat 28.03 +0.13 22.57 27 566K 538K 25.92
Current.
CELL 07/21 Cup hdl 28.03 +0.13 12.83 15.51 566K 225K 25.92
Current.
CFC 09/27 Cup hdl 104.8 -0.03 78.38 89.95 1.5M 3.4M 101.92
Current. Continue the low volume lateral move above the 10 day MVA.
CHS 10/04 Dbl btm 37.78 -0.79 34.62 41.53 1.4M 1.8M 35.78
Current. Pull back on slightly above average volume. Still in an uptrend.
CHT 10/16 Cup hdl 15.09 -0.58 15.62 18.75 436K 1.1M 14.88
Buy Not Issued. Big gap down below the 18 day MVA showing a tight doji on below average volume.
CLEC 10/30 Cup hdl 5.42 +0.01 5.54 6.94 38K 96K 5.15
Buy Not Hit. More volatile with 5.46 at the high and 5.33 at the low showing a tight doji on below average volume. Continue to move up the 10 day MVA.
CLKS 11/01 Cup hdl 2.54 +0.2 2.44 3.18 2.4M 296K 2.15
Current. Another explosive move up on excellent volume surge. Some of the wind was taken out of the sail when stock tapped 2.75, but gave back a lot of the potential move.
COCO 09/20 DB hdl 64.6 +0.5 59.42 69 584K 1.1M 59.95
Current. Continue to move up the 10 day MVA on below average volume.
COH 09/20 PreSplt 36.41 -0.52 30.06 34.55 2.3M 1.2M 34.22
Current. Gapped up at the open, but gave back the move and then some on stronger above average volume. Still in good shape, but may test back further.
COO 11/01 DB hdl 43.62 -0.45 44.06 50.88 212K 550K 41.95
Buy Not Issued. Tested the 10 day MVA and rallied on below average volume. May beginning to make a lateral move above the 10 day MVA.
CPTV 08/26 Cup hdl 12.34 -0.03 6.5 8.12 75K 200K 10.78
Current. Pull back on below average volume. Tapped 11.83 at the low and rallied. Still in uptrend and moving up the 10 day MVA.
CPWM 10/25 DB hdl 44.2 -1.6 43.65 51.95 467K 337K 43.78
Current. Big gap down and continued to move down to test the 10 day MVA and rally on stronger above average volume. CPWM was downgraded which could be a factor in today's move. Still in good shape.
DCGN 09/20 Test BO 7.06 -0.25 4.32 5.38 988K 315K 6.48
Current. Pull back on lower, but still above average volume. May test down a bit further. Still in good shape.
DG 08/12 Cup hdl 22.49 -0.09 22.72 26.45 823K 2.9M 21.13
Beginning to make a lateral move above the 10 day MVA on low volume.
DJO 09/11 Cup 20.41 +0.27 14 16.45 166K 100K 16.91
Current. Continue to move up the 10 day MVA on strong volume. Tapped 21.53 at the day's high, but could not hold the entire gain.
DLTR 10/23 Cup 38.24 -0.28 37.92 45.55 646K 2.3M 35.94
Buy Not Issued. Gapped down at the open showing a doji on below average volume. Still in uptrend.
EASI 10/14 A Wedge 46.34 -0.83 66.07 75 324K 287K 65.68
Current. Gapped up at the open, but gave back the move and then some on slightly lower, but average volume. Still moving up the 10 day MVA.
EBAY 08/02 PreSplt 57.75 +0.24 53.78 60 6.8M 9M 55.45
Current. Tapped 58.57 at the day's high, but could not hold the entire gain as the stock moved up the 10 day MVA on below average volume.
EBAY 03/08 BO 57.75 +0.24 40.04 46 6.8M 8M 57.25
Current.
ECIL 10/02 Test BO 5.05 +0.21 4.3 5.22 447K 300K 4.63
Current. Continue to move up the 10 day MVA for a nice move on stronger above average volume.
EMBT 10/06 Flat 13.49 +0.02 11.24 13.38 157K 350K 12.18
Current. Continue to move up the 10 day MVA on below average volume.
EMBT 07/26 Cup hdl 13.49 +0.02 9.33 11.12 157K 400K 12.18
Current.
ERES 09/27 Test 50 47 -0.4 36.88 43.94 732K 981K 45.22
Current.
ET 09/18 Cup hdl 10.56 +0.03 10.8 12.94 4.8M 7M 10.22
Current. More volatile with 48.70 at the high and 46.50 at the low (10 day MVA) showing a doji on below average volume. Still in good shape.
FOSL 11/01 DB hdl 26.9 -0.42 27.62 33 127K 369K 26.35
Buy Not Issued. Thudded down to take back yesterday's gain on much lower, below average volume. Making a lateral move above the 10 day MVA.
FRED 10/30 A Wedge 37.64 -0.35 38.88 46.55 382K 526K 36.16
Buy Not Issued. Continue to make a lateral move above the 10 day MVA on average volume.
GGP 10/14 FlyPlat 78.73 +0.73 75.12 86.25 311K 275K 74.86
Current. Continue to move up the 10 day MVA on stronger above average volume. Tapped 79.58 at the high, but gave back some of the maove.
HAR 09/20 FlyPlat 129.51 +0.44 101.68 117 228K 374K 121.55
Making a lateral move above the 10 day MVA on below average volume. Tapped 132.75 at the days high, but gave it back.
HOTT 10/04 Dbl btm 28.13 -0.69 25.39 30.38 857K 748K 27.74
Current. Thudded down to hold the 10 day MVA on slightly lower, below average volume. Still in good shape.
IACI 10/30 Cup hdl 37 -0.71 39.32 47 6.3M 12M 37.35
Buy Not Hit. More volatile with 38 at the day's high and 36.27 at the day's low (simple 50 day MVA) to close on the 50 day MVA on slightly higher, but still below average volume. Needs to bounce from here or will look to drop the play.
IGT 09/16 Rv H&S 32.31 -0.75 29.05 34.55 4.7M 4.7M 31.58
Current. More volatile with 32.73 at the high and 31.72 at the low. Gapped down to open on the 10 day MVA and rallied on strong above average volume. Still in good shape.
IT 10/28 A Wedge 13.45 +0.35 12.99 15.62 829K 400K 12.08
Buy Not Issued. Continue to move up the 10 day MVA on above average volume. Did not enter the play because did not like last weeks action.
JAH 09/06 Cup hdl 42.2 -0.34 38.39 45.75 161K 270K 36.88
Current. Pull back on below average volume. Continues to move up the 10 day MVA on below average volume.
KOSP 10/29 Cup 44.2 +4.2 40.58 48.68 2.6M 727K 37.48
Buy Not Issued. Raised its 2004 revenue estimates and gapped sharply higher. Did not want to chase it on the gap and will see if it comes back to test the breakout near 42.50.
LM 05/06 Cup hdl 84.2 -0.39 58.5 67.78 414K 610K 79.94
Current. Pull back on slightly higher, but still below average volume. Still in good shape.
LOUD 10/23 Flat 2.64 +0.04 2.75 3.78 1.5M 3.6M 2.48
Current. Tested the 18 day MVA and rallied on below average volume. Continues to make a lateral move along the 10 day MVA.
MIPS 11/01 A Wedge 5.63 +0.26 5.22 6.55 666K 291K 4.85
Current. Another nice move up on stronger above average volume. Filled in the gap intraday.
MOBE 09/15 Cup hdl 9.86 +0.26 8.7 10.88 406K 810K 9.04
Current. Continue to move up the 10 day MVA on below average volume.
MSCC 10/28 Rv H&S 21.88 -0.47 20.58 24.72 665K 480K 19.08
Buy Not Issued. Gapped up at the open and gave back the move and more on stronger volume surge. Have not entered the play because volume was not there and did not like last weeks and today's action.
NCI 10/25 Cup hdl 17 +0.2 16.05 19.22 243K 559K 15.55
Buy Not Issued. Gapped up at the open, but gave some of it back on below average volume. Tested the 10 day MVA on below average volume. Did not enter the play, because we were not happy with the action.
NEXM 10/14 Cup hdl 5.06 -0.18 5.03 6.28 171K 292K 4.78
Current. Gapped down and moved down to hold the 10 day MVA on very low volume. Still in good shape.
NSM 09/17 BO 42.41 -0.41 35.35 42 3.2M 5M 38.62
Current. Pull back on below average volume. Still in uptrend moving up the 10 day MVA.
NTE 10/18 Test 18 39.9 -0.35 34.4 41.25 1.9M 1.2M 35.45
Current. Gapped up, but gave back the move on lower, but still very strong volume. Tapped the 10 day MVA intraday and rallied. Still moving up the 10 day MVA.
NVLS 10/28 Test 50 44.45 +0.51 39.84 47.75 10M 9.5M 39.33
Current. Nice move up following yesterday's explosive move on strong volume. Stock continues to soar up the 10 day MVA.
NXG 10/15 Cup 2.15 +0.12 1.89 2.48 934K 684K 1.92
Current. Continue the move up the 10 day MVA for a nice gain on above average volume.
OLGC 10/18 Test BO 7.06 -0.01 7.15 8.58 299K 342K 6.88
Current. Continue to make a lateral move along the 18 day MVA on below average volume. Tapped 7.40 at the day's high, but gave it back.
ORLY 08/19 Flat 42.88 -0.53 39.48 47.05 326K 350K 41.62
Current. Continue pull back on below average volume. Testing the breakout. Still in good shape.
PDCO 10/25 Test 18 65.06 -0.29 62.72 75 428K 755K 62.05
Buy Not Issued. Narrow trading range showing a tight doji on below average volume. Continue to move up the 10 day MVA.
PKI 10/09 DB hdl 18.67 +0.37 17.18 20.65 527K 1.1M 16.21
Buy Not Issued. Continue low volume ascent of the 10 day MVA. Did not enter the play, because volume was not there.
PLXT 11/03 A Wedge 8.31 -0.08 8.68 10.85 81K 222K 8.07
Buy Not Hit. Pull back on very low volume. Still in uptrend.
PSUN 10/11 DB hdl 23.01 -0.09 24.12 28.94 1.1M 2.3M 22.54
Buy Not Issued. Continue low volume lateral move on the 10 day MVA.
RI 09/30 Cup hdl 28.01 +0.09 27.72 33 363K 750K 26.61
Continue to move up the 10 day MVA on average volume.
SBUX 07/30 Cup 31.57 -0.14 30.35 36.75 2.2M 6M 30.54
Current. Continue lateral move above the 10 day MVA on below average volume. Tapped 31.95 at the day's high, but could not hold the gain.
SBUX 07/01 Cup 31.57 -0.14 26.3 30.94 2.2M 6M 30.54
Current.
SINA 10/24 Test 50 41.23 +0.29 41.55 50 6.9M 15M 39.42
Current. Narrow trading range showing a doji on below average volume. May be ready for next move up.
SINA 09/09 Cup 41.23 +0.29 36.15 41 6.9M 12M 37.55
Current.
SINA 08/18 Test 50 41.23 +0.29 32.2 38.25 6.9M 10M 37.55
Current.
SOHU 10/24 Dbl btm 34.96 -0.26 37.69 45 3.3M 9M 34.85
Current. Gapped down showing a doji below the 50 day MVA on below average volume. Tapped 36.19 at the day's high, but gave it back. Stock needs to hold here.
STLW 11/04 DB hdl 6.37 +0.29 6.37 7.95 173K 132K 5.96
Current. Kept an eye on the stock, and it finally made the surge
higher on solid volume Tuesday.
SYK 09/20 Flat 81.73 -0.45 78.97 90.25 521K 1.1M 79.65
Current. Pull back on below average volume. Still in uptrend.
SYMC 10/18 Flat 68.28 -0.05 67.88 77.94 2.9M 5M 65.58
Current. Narrow trading range. Gapped up, but gave back the move on slightly higher, but below average volume. Still moving up the 10 day MVA.
TARO 10/08 Cup hdl 65.7 +1.27 61.51 73 220K 501K 62.52
Current. Tested the 10 day MVA and made a nice move on below average volume as stock continue to climb the 10 day MVA.
TIWI 10/16 Cup hdl 6.79 -0.06 5.57 7 1.1M 350K 6.02
Current. Continue to make a lateral move along the above the 10 day MVA on stronger above average volume. May be ready for next move up.
TSCO 07/29 Test BO 43.44 -0.05 28.06 31.44 311K 494K 39.74
Current. Narrow trading range showing a tight doji on below average volume. Stock continues to move up the 10 day MVA.
TSCO 07/05 Test 50 43.44 -0.05 26.62 30 311K 500K 39.74
Current.
TSCO 06/03 Rv H&S 43.44 -0.05 23.42 27.62 311K 603K 39.74
Current.
TSCO 04/24 Cup hdl 43.44 -0.05 21.88 26 311K 603K 39.74
Current.
TSCO 04/03 Rv H&S 43.44 -0.05 19.3 22.19 311K 577K 39.74
Current.
TXN 10/23 Test BO 29.84 -0.09 27.65 33.18 9.5M 18M 27.94
Current. Pull back on below average volume. Continue to move up the 10 day MVA.
UOPX 11/03 Test 50 71.5 -0.5 71.12 84 206K 315K 68.72
Current. Pull back on below average volume. Managed to retain most of yesterday's great move. Still in uptrend.
UOPX 10/25 Test 50 71.5 -0.5 68.95 82 206K 315K 68.42
Current.
URBN 10/18 Rv H&S 34.13 -0.99 33.61 40 1M 953K 32.08
Current. Gapped down at the open, but recovered most of the gap on stronger above average volume. Still in good shape.
USNA 10/14 Test BO 37.36 +2.18 33.42 38 858K 314K 31.22
Current. Very volatile session with 39.38 at the high and 35.50 at the low showing a tight doji on stronger above average volume. Continues to soar up the 10 day MVA.
VAR 10/28 Cup hdl 66.18 +0.58 64.5 74.25 627K 1.1M 61.98
Current. More volatile with 66.75 at the high and 65.09 at the low. Stock continues to move up the 10 day MVA on below average volume.
VARI 11/03 Cup hdl 36.71 -0.28 37.22 44.68 148K 260K 35.48
Buy Not Hit. Volatile day with 37.10 at the high and 36.47 at the low. Pull back on below average volume. Managed to retain most of yesterday's great move. Still in uptrend.
VRSN 11/03 Rv H&S 16.76 -0.29 16.78 20.15 3.9M 5.5M 15.68
Current. Pull back on lower, but still above average volume. Tapped 17.55 at the day's high, but gave back some of the move. Managed to retain most of yesterday's explosive move.
VRTS 10/04 Test 50 37.05 -0.12 35.77 42.88 4.1M 1M 35.21
Current. Narrow trading range showing a doji on below average volume. Still moving up the 10 day MVA.
WFII 10/31 Cup hdl 18.39 -0.05 17.24 20.62 3.7M 1M 15.96
Current. Gapped down and then tapped 17.50 at the day's low to rally on stronger above average volume. Still in uptrend. Managed to retain almost all of yesterday's great move.
XLNX 11/01 DB hdl 33.12 -0.18 32.68 38.68 5.5M 11M 30.88
Current. More volatile. Gapped down at the open, but managed to recover some of the loss on below average volume. Still in uptrend moving up the 10 day MVA.
ZMH 08/09 Test BO 64.83 +0.23 51.12 59.55 1.1M 3M 61.32
Current. Continue to move up the 10 day MVA on below average volume.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
PLAB 10/22 Put 22 -0.07 21.28 17.75 1.5M 1.1M 22.02
Buy Not Issued. Narrow trading range showing a tight doji on stronger above average volume. Needs to roll over from here or will look to drop.
End part 2 of 3
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