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stock recommendation, stock market recommendation
Begin part 2 of 2
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): 64.7 actual, 63.4 expected, 63.3 September.
Factory Orders, September (10:00): 0.5% actual, 0.6% expected -0.3% August (revised from -0.8%).
11-06-03
Productivity, Q3 (8:30): 8.1% actual, 8.5% expected, 7.0% Q2 (revised from 6.8%).
Initial jobless claims (8:30): 348K actual, 380K expected, 391K prior (revised from 386K).
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.
Good movers Thursday: ALGN; DJO; EGOV; EGHT; EMBT; KEI; PDY; PLXS; PLXT
Continuing plays that still look good: CATS; AVO; NSCN
CONTINUING PLAY LIST: This week the summary table breaks out the upside and downside plays into different sections labeled accordingly.
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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ALGN 11/03 Test BO 17.73 +0.79 17.45 20.85 715K 616K 16.23
Current. Another great move up on above average volume. Stock continues to climb the 10 day MVA.
AMSWA 10/23 Test BO 6.62 -0.16 6.12 7.45 54K 150K 6.32
Current. Pull back on very low volume. Testing the breakout.
AV 09/25 Flat 13.22 +0.1 11.38 13.65 5.2M 4.4M 12.75
Current. Tested below the 18 day MVA and rallied showing a doji on the 10 day MVA on higher, but average volume. Continue to make a lateral move along the 10 day MVA.
AVO 10/30 Cup hdl 19.18 -0.01 19.72 23.68 217K 359K 18.34
Buy Not Issued. Tested the 18 day MVA and rallied showing a tight doji on the 10 day MVA on higher, but average volume. May be ready for next move up.
BBA 10/29 Test BO 13.04 -0.7 13.76 16.45 939K 749K 12.76
Current. Thudded to close below the 10 day MVA on strong volume surge. Tested below the 18 day MVA intraday and rallied. May test down further.
BRKS 10/29 Cup 27.22 +0.68 27 32.38 694K 1.4M 25.12
Current. Tested the 10 day MVA and rallied as the stock continues to move up the 10 day MVA on higher, but still below average volume.
BRLI 10/20 Cup hdl 17 -0.41 13.45 16.22 246K 212K 16.12
Current. Tested the 10 day MVA and rallied on below average volume. Still in uptrend and moving up the 10 day MVA.
CATS 10/27 Test BO 7.47 +0.05 7.58 9.12 31K 145K 7.05
Buy Not Issued. Tested below the 10 day MVA and rallied showing a tight doji on very low volume. Continue lateral move above the 10 day MVA.
CELL 10/02 Test 18 26.57 -0.83 23.25 28 585K 1M 25.92
Current. Pull back to hold at the 18 day MVA on slightly higher, but below average volume. May test down further.
CELL 07/21 Cup hdl 26.57 -0.83 12.83 15.51 585K 225K 25.92
Current.
CKSW 10/25 Test BO 3.52 -0.11 3.61 4.58 558K 300K 3.15
Current. More volatile session with 3.78 at the high and 3.41 at the low. Moved down on much lower above average volume.
CORI 10/27 Test BO 6.8 +0.4 6.25 7.85 797K 550K 6.08
Current. Tested below the 10 day MVA and rallied for a nice move on above average volume. Resistance at 6.85.
DCGN 09/20 Test BO 7.34 +0.18 4.32 5.38 444K 315K 6.48
Current. Gapped up and went up to tap 7.57 at the high, but could not hold the gain on below average volume. Moving up the 10 day MVA.
DJO 09/11 Cup 21.3 +0.75 14 16.45 87K 100K 18.88
Current. Continue to move up the 10 day MVA for a nice move on lower, but above average volume.
DKS 10/13 Cup 47.38 +0.07 44.68 55.38 182K 603K 45.22
Current. Tested the 10 day MVA and rallied showing a doji on below average volume. Stock continues to move up the 10 day MVA.
ECIL 10/02 Test BO 5.7 +0.2 4.3 5.22 812K 300K 5
Current. Tested the 10 day MVA and made a fierce rally as the stock climbed the 10 day MVA.
EGHT 10/30 Cup 2.46 +0.26 2.15 2.91 1.1M 823K 2.05
Current. Great move up on strong above average volume, however tapped 2.60 at the day's high, but gave back most of the move.
EGOV 10/07 Test BO 6.33 +0.33 5.07 6.35 1.2M 264K 5.68
Current. Great move up on excellent volume surge as stock continues to soar up the 10 day MVA.
EGOV 09/20 Cup hdl 6.33 +0.33 4.8 5.68 1.2M 264K 5.68
Current.
EMBT 10/06 Flat 13.91 +0.51 11.24 13.38 264K 350K 12.88
Current. Makes a great move up on good volume, but average volume.
EMBT 07/26 Cup hdl 13.91 +0.51 9.33 11.12 264K 400K 12.88
Current.
EVCI 10/20 Cup hdl 5.15 +0.16 3.4 4.38 201K 125K 4.36
Current. Nice move up the 10 day MVA on stronger above average volume.
FRED 10/30 A Wedge 36.49 -0.31 38.88 46.55 883K 526K 36.16
Buy Not Issued. Gapped way down on the simple 50 day MVA and rallied to close above the 18 day MVA on strong volume surge. May be ready to move back up.
GBN 10/22 Cup 2.03 -0.18 1.86 2.42 518K 300K 1.77
Current. Thudded down to close just above the 10 day MVA on slightly lower, but above average volume. Still in good shape.
GEMS 10/22 Test BO 3.35 -0.09 2.87 3.72 536K 487K 2.78
Current. Pull back on much lower, but still above average volume. Still in uptrend.
GIGM 10/01 Cup hdl 3 -0.06 3.12 4.05 1.4M 2.7M 2.78
Current. Pull back to hold at the 10 day MVA on lower, but average volume. Tested the 18 day MVA intraday and rallied. Still in the pattern.
GNSC 10/09 Test BO 3 -0.2 2.65 3.47 278K 175K 2.82
Current. Thudded down to hold just above the 10 day MVA on stronger above average volume. Tested below the 10 day MVA intraday and rallied. May test back further.
IFLO 09/22 Test BO 14.97 +0.27 11.29 13.55 207K 375K 13.36
Current. Continue to move up the 10 day MVA on slightly higher, but below average volume.
IFLO 09/09 Flat 14.97 +0.27 9.62 11.52 207K 426K 13.36
Current.
ILXO 10/28 Dbl btm 21.49 -0.01 21.42 25.75 279K 692K 19.72
Buy Not Issued. Tested the 10 day MVA and rallied on below average volume. Managed to retain some of Tuesday's great move.
JNPR 11/01 A Wedge 19 -0.01 18.94 22.42 11M 15M 17.65
Current. Gapped up at the open, but gave it back on higher, but still below average volume. Stock continues to move up the 10 day MVA.
KEI 11/05 Cup hdl 18.4 +1 18.37 22.05 202K 150K 17.08
Current. Entered the play as the stock gapped up and exploded higher on stronger above average volume. Stock soars up the 10 day MVA.
KOSP 10/29 Cup 44.8 +0.75 40.58 48.68 520K 727K 37.48
Buy Not Issued. Continued to move up the 10 day MVA on above average volume. The stock made a low volume ascent so we did not enter the play. The stock did not make the move we were looking for so will drop, but will keep an eye on it.
LENS 10/29 A Wedge 10 -3.95 13.17 15.78 5.2M 750K 12.18
Current. Gapped sharply lower to support at 10 and sat there. Will see if it gives a bounce up toward 50 day MVA near 11.
LM 05/06 Cup hdl 84.43 -0.34 58.5 67.78 608K 610K 81
Current. Continue to make a lateral move above the 10 day MVA on strong above average volume.
LOUD 10/23 Flat 2.61 -0.08 2.75 3.78 1.6M 3.6M 2.48
Current. Continue lateral move along the 10 day MVA on average volume.
NCI 10/25 Cup hdl 17.43 +0.37 16.05 19.22 262K 559K 15.55
Buy Not Issued. Continue to move up the 10 day MVA on below average volume. Did not enter the play because did not like the action, so will drop for now, but will keep an eye on it.
NEXM 10/14 Cup hdl 4.98 +0.06 5.03 6.28 259K 292K 4.78
Current. More volatile with 5.12 at the high and 4.83 at the low. Moved up off the 18 day MVA on slightly higher, but below average volume. Needs to hold here.
NOOF 11/01 Cup hdl 5.5 +0.28 5.27 6.32 1.5M 319K 4.75
Current. Tapped 5.98 at the day's high, but gave most of it back on strong volume surge. Stock continues to move up the 10 day MVA.
NOOF 10/25 Cup hdl 5.5 +0.28 4.78 6.21 1.5M 280K 4.54
Current.
NSCN 11/05 DB hdl 26.26 -0.28 27.12 32.55 1.1M 2.9M 25.22
Buy Not Issued. Volatile session with 27.35 at the high and 26.06 at the low. Gapped up at the open and moved down on below average volume. Still in good shape.
NVLS 10/28 Test 50 45.03 +0.72 39.84 47.75 6.2M 9.5M 42
Current. Tapped 43.91 at the day's low and rallied on below average volume as stock moves up the 10 day MVA.
NXG 10/15 Cup 1.91 -0.09 1.89 2.48 1.1M 684K 1.92
Current. Thudded down to close below the 18 day MVA and held at support 1.90 on much lower, but still above average volume. Stock needs to hold here.
NXTL 10/02 Cup hdl 24.06 +0.13 20.76 24.95 12M 27M 23.02
Current. Tested the 10 day MVA and rallied on below average volume. Stock makes a lateral move along the 10 day MVA.
NXTL 09/17 Cup hdl 24.06 +0.13 20.64 24.75 12M 24M 23.02
Current.
ONNN 10/28 Test 50 4.43 +0.02 4.65 5.88 1.1M 1.7M 4.42
Current. More volatile with 4.60 at the high and 4.35 at the low (50 day MVA) showing a doji on the 10 day MVA on below average volume. Continue to make a lateral move on the 10 day MVA.
OPSW 10/28 A Wedge 8.7 -0.3 8.95 10.95 599K 1M 8.32
Current. . Thudded down to close above the10 day MVA on below average volume. Still in uptrend.
PDYN 09/29 DB hdl 3.85 +0.26 2.55 3.24 363K 450K 3.15
Current. Another great move up on stronger above average volume as stock moves up the 10 day MVA.
PKI 10/09 DB hdl 18.07 -0.23 17.18 20.65 923K 1.1M 16.21
Buy Not Issued. Tested below the 10 day MVA and rallied on higher, above average volume. May test down further. This may give up the opportunity to enter the play if conditions are right.
PLXS 11/03 DB hdl 19.29 +0.7 19.06 22.75 307K 528K 17.88
Current. Gapped up at the open and moved higher as stock moved up the 10 day MVA on below average volume. Filled the gap intraday.
PLXT 11/03 A Wedge 10.35 +0.95 8.81 10.96 716K 222K 8.94
Current. Another explosive move on very strong volume.
PUMA 10/27 A Wedge 7.32 +0.03 7.34 9.06 915K 1.4M 6.83
Current. Tested the 10 day MVA and rallied on below average volume. Still in uptrend.
QLGC 10/14 Rv H&S 57.73 -0.7 52.88 63.38 4M 7M 56.08
Current. Gapped up at the open, but lost the gain on below average volume. Still in uptrend and moving up the 10 day MVA.
RETK 10/06 A Wedge 11.12 +0.51 8.49 10.25 909K 776K 10.22
Current. Great move up the 10 day MVA on stronger above average volume.
RWY 11/04 Cup hdl 6.37 +0.02 6.24 7.85 136K 146K 5.88
Current. More volatile with 6.42 at the high and 6.25 at the low on much lower, but still above average volume. Stock continues to climb the 10 day MVA.
SCMR 11/04 A Wedge 5.85 +0.22 5.39 6.72 3.6M 3M 5.12
Current. Gapped up at the open and rallied filling the gap intraday. Stock continues to soar up the 10 day MVA on stronger above average volume.
SINA 10/24 Test 50 38.22 -2.03 41.55 50 7.9M 15M 39.42
Current. Thudded down to hold on the 50 day MVA on higher, but still below average volume. Needs to hold here, but may test down further. Will wait to see if stock recovers since it is a strong stock.
SINA 09/09 Cup 38.22 -2.03 36.15 41 7.9M 12M 37.55
Current.
SINA 08/18 Test 50 38.22 -2.03 32.2 38.25 7.9M 10M 37.55
Current.
SOFO 10/02 Test BO 2.53 +0.11 2.05 2.74 241K 395K 2.28
Current. continue to move up the 10 day on below average volume.
SOHU 10/24 Dbl btm 33.29 -1.06 37.69 45 2.8M 9M 34.85
Current. Thudded down to close below the 50 day MVA on lower, below average volume. Looking for a relief bounce to exit the play or to see if stock recovers.
TARO 10/08 Cup hdl 67.5 +0.62 61.51 73 167K 501K 62.52
Current. Gapped up at the open and moved higher on below average volume. Filled in the gap intraday. Stock continues to climb the 10 day MVA.
TELM 09/30 Test BO 1.76 +0.21 1.51 2.04 6M 7M 1.48
Current. Gapped up at the open for a great move on much higher, but average volume.
TRPH 11/01 A Wedge 5.1 -0.14 5.31 6.62 799K 1.8M 4.85
Current. Tested the 10 day MVA and rallied on very low volume. Testing the breakout.
TSCO 06/03 Rv H&S 42.51 -1.35 23.42 27.62 702K 603K 39.74
Current. Gapped down at the open and thudded to hold at the 10 day MVA on much higher above average volume. Tested below the 10 day MVA. May test down further. Still in good shape.
TSCO 04/24 Cup hdl 42.51 -1.35 21.88 26 702K 603K 39.74
Current.
TVIA 11/04 Cup hdl 2.22 -0.12 2.38 3.09 206K 219K 2.18
Buy Not Issued. Thudded down on slightly above average volume. Managed to retain some of Tuesday's gain. Tested the 10 day MVA and rallied. Needs to hold here.
TXN 10/23 Test BO 30.79 +0.36 27.65 33.18 13M 18M 29.08
Current. More volatile session with 31.52 at the high and 30 at the low showing a doji on higher, but average volume. Stock continues to move up the 10 day MVA.
UMC 11/05 A Wedge 5.59 -0.06 5.72 7.45 5.5M 6.5M 5.32
Buy Not Hit. Pull back on much lower, but still above average volume. Tapped 5.68 at the high, but gave most of it back. Still in uptrend.
VAR 10/28 Cup hdl 66.25 +0.35 64.5 74.25 376K 1.1M 64.12
Current. Gapped up at the open, but could not hold the entire gain. Went down to tap 65.50 at the low on very low volume. Continues to move up the 10 day MVA.
WFII 10/31 Cup hdl 15.58 -2.66 17.24 20.62 2.5M 1M 15.96
Exited. Exited the play as the stock tanked below the 18 day MVA on much stronger above average volume.
XLNX 11/01 DB hdl 33.81 +0.38 32.68 38.68 4.8M 11M 31.88
Current. Gapped up at the open, but gave back some of the gain on below average volume. Filled in the gap intraday. Stock continues to climb the 10 day MVA.
ZMH 08/09 Test BO 65.33 +0.51 51.12 59.55 813K 3M 63.12
Current. Continue to move up the 10 day MVA on below average volume.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ASCA 11/01 Put 20.59 +0.3 20.27 18.85 188K 185K 21.25
Current. Low volume relief bounce. Still in good shape.
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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stock recommendation
stock market recommendation
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