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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: CCVA; CHRD; CPHD; CVNS; DTPI; ENC; HOMS; OCLR
NEW PLAYS:
Upside:
Play Date: 12/30/2003
VNWK (Visual Networks--$2.19; +0.07; no options): PC networking
http://biz.yahoo.com/p/v/vnwk.html
STATUS: Double bottom w/handle. Nice 14 week base that formed its two legs over the 200 day MVA (1.55), rallying up the past week to finish the right leg and form nice flat handle where the last sellers are shaken out as the stock appears to stall out. Price/volume action has been excellent, with the upside moves coming on nice big volume spikes, telling us to get ready. Nice accumulation at 5 to 3 (5 up weeks on rising volume to 3 down weeks on rising volume). Super money flow is way out ahead of price. Tuesday VNWK started higher on strong volume, following that money flow, but it could not hold the move. Still very solid and looking for a repeat performance that holds the gains and breaks it higher.
Volume: 416.149K Avg Volume: 180.507K
BUY POINT: $2.34 Volume=271K Target=$3.05 Stop=$2.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/vnwk.html
Play Date: 12/30/2003
MRBA (Marimba--$5.46; +0.16; no options): Internet service and software
http://biz.yahoo.com/p/m/mrba.html
STATUS: Test 50 day MVA (5.06). After working in a 7 week flat base, MRBA jumped off of the 50 day MVA this week. Volume really poured in Tuesday, coming in well above average on a low volume session. Accumulation in the short base is a solid 3 to 1. Money flow is running up ahead of the stock price. Looks ready to finally make the move higher.
Volume: 251.266K Avg Volume: 151.302K
BUY POINT: $5.62 Volume=227K Target=$7.05 Stop=$5.23
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/mrba.html
CONTINUING PLAYS:
Upside:
Play Date: 12/17/2003
CHL (China Mobile--$15.43; +0.12; optionable): China wireless telecom
http://biz.yahoo.com/p/c/chl.html
STATUS: Reverse head and shoulders. Looks ready Tuesday, rallying ot 15.73 on the high, but then gave most all of it back by the close. Volume backed off, comginin below average after the solid above average surge Monday. Still very nice looking in its 11 week base that formed over the 50 day MVA (14.62). Nice money flow to go with the pattern.
Volume: 384.8K Avg Volume: 524.431K
BUY POINT: $15.48 Volume=790K Target=$18.58 Stop=$14.78
POSITION: CHL CC - Mar. $15c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/chl.html
CONTINUING:
* * SPREADSHEET DOWNLOAD * * *
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http://www.technicaltraders.com/ttr/table.php
(You will need your password ... if you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
http://www.investmenthouse.com/rescue/rescue.php3 )
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
ALTI 12/01 Dbl btm 2.52 -0.22 2.05 2.74 2.8M 1.2M 2.35
Current.
AMXC 12/29 A Wedge 8.32 +0.64 7.98 9.98 153K 134K 7.39
Current.
AOT 11/24 Flat 23.11 -0.04 23.37 27.95 185K 405K 22.88
Current.
ATVI 12/17 Dbl btm 18.43 -0.32 18.52 22.22 1.3M 2.5M 17.88
Current.
AVX 12/11 Flat 16.63 +0.14 16.25 19.55 449K 450K 15.89
Current.
BJS 12/18 Test BO 36.51 -0.06 36.74 40.55 1.5M 3.6M 35.42
Buy Not Issued.
BWC 12/01 Rv H&S 21.73 -0.2 20.74 24.88 69K 155K 20.65
Current.
CEVA 12/16 Rv H&S 10.38 +0.23 9.92 11.92 152K 128K 9.23
Buy Not Issued.
CHL 12/17 Rv H&S 15.48 +0.17 15.48 18.58 369K 790K 14.78
Current.
CHRD 12/20 A Wedge 5.41 +0.07 5.23 6.28 609K 1M 4.68
Current.
CORV 12/04 Flat 1.61 -0.02 1.65 2.12 3.7M 8M 1.54
Current.
CPHD 11/05 A Wedge 10.05 +0.44 6.15 7.52 572K 338K 8.92
Current.
CVNS 12/16 Flat 10.47 +0.69 10.48 12.55 428K 145K 9.75
Current.
CYH 12/27 DB hdl 26.71 -0.09 27.25 32 280K 550K 26.42
Buy Not Hit.
DTPI 12/17 A Wedge 10.4 +0.55 10.23 12.35 353K 577K 9.53
Current.
EMBT 10/06 Flat 15.98 -0.02 11.24 13.38 146K 350K 15.24
Current.
EMBT 07/26 Cup hdl 15.98 -0.02 9.33 11.12 146K 400K 15.24
Current.
ENMC 12/20 Flat 8.4 +0.37 8.2 9.88 195K 417K 7.48
Current.
FLDR 12/12 Cup hdl 6.8 -0.21 6.64 8 107K 150K 6.48
Current.
FLDR 11/25 DB hdl 6.8 -0.21 6.19 7.85 107K 150K 6.48
Current.
GTI 12/15 A Wedge 13.58 -0.24 12.66 15.22 1.2M 1.2M 12.76
Current.
HOMS 12/11 A Wedge 4.79 +0.22 4.32 5.35 1.6M 1.5M 3.97
Current.
HRLY 12/22 Cup hdl 20.34 -0.48 20.86 24.92 48K 135K 19.98
Current.
IMOS 12/26 A Wedge 8.89 -0.02 8.75 10.68 621K 552K 7.94
Current.
KEA 12/27 DB hdl 14.94 -0.19 15.22 18.25 110K 500K 14.32
Buy Not Hit.
MAXM 12/01 Rv H&S 8.7 -0.2 8.09 9.88 53K 227K 8.36
Current.
MICU 12/13 Flat 18.99 -0.01 19.12 22.95 173K 488K 17.98
Buy Not Issued.
MOLX 12/08 Test 50 34.99 +0.09 33.21 38 511K 850K 33.25
Current.
MROI 12/29 Dbl btm 14.43 -0.2 14.86 17.95 36K 112K 13.82
Buy Not Hit.
MSPD 12/15 A Wedge 7.11 +0.21 7.15 8.65 468K 1.1M 6.65
Buy Not Issued.
MTMD 12/03 Cup 5.05 -0.07 4.64 6 205K 312K 4.68
Current.
MTX 12/09 Cup hdl 60.4 0 55.82 59.94 102K 150K 58.64
MVSN 11/24 Cup hdl 22.99 +0.03 23.33 27.69 249K 891K 22.32
Current.
MXIM 12/29 Test 50 49.4 -0.54 50.15 54.15 3.4M 5M 49.21
Buy Not Issued.
NOVL 11/22 Test BO 10.49 -0.04 8.88 10.68 4.8M 10M 9.88
Current.
NPSP 12/06 Cup hdl 30.79 -0.21 31.88 38.25 261K 1.3M 30.22
Buy Not Issued.
OCLR 12/22 Flat 29.5 +1.2 29.51 35 99K 135K 28.08
Current.
OMCL 12/10 Cup hdl 16.15 0 16.95 20.25 116K 300K 15.85
Current.
OTE 12/20 Cup hdl 6.5 +0.02 6.52 8.15 141K 135K 6.19
Buy Not Issued.
PTNR 12/24 Cup hdl 7.81 +0.08 7.41 9.35 50K 135K 7.24
Current.
QGENF 12/29 Cup 12.14 -0.11 12.33 14.88 391K 300K 11.68
Current.
RFMI 12/15 Test BO 9.87 +0.42 10.12 12.22 44K 129K 9.32
Buy Not Hit.
TEK 12/13 Test 50 32.07 +0.05 30.35 35.88 260K 450K 30.38
Current.
TELK 12/29 Rv H&S 22.31 +0.41 22.45 25.85 340K 650K 21.03
Buy Not Hit.
THER 12/29 Flat 20 +0.4 19.65 23.55 707K 1.3M 18.24
Current.
TRPH 12/11 Test BO 7.02 +0.02 6.49 7.68 679K 1.7M 6.48
Current.
TRPH 12/01 Test 50 7.02 +0.02 5.58 6.94 679K 1.7M 6.48
Current.
USPI 12/22 Flat 34.1 0 33.88 40.65 150K 350K 32.32
Buy Not Issued.
VSH 11/12 Flat 22.79 +0.21 20.78 24.88 1.1M 3.2M 21.47
Current.
WMS 11/21 Dbl btm 26.62 +0.12 25.83 31.22 106K 650K 25.68
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 12/20 Put 45.64 -0.23 43.85 39.75 1.6M 4M 45.32
Buy Not Hit.
ARDI 11/10 Put 13.53 +0.19 11.95 10.06 497K 1M 12.62
Exited.
AV 12/08 Put 12.9 +0.16 11.75 10 3.5M 6.8M 11.85
Current.
BBY 12/22 Put 52.65 +0.46 49.54 46.45 3.3M 5M 51.82
Current.
CLE 12/20 Put 18.65 +0.03 19.31 18 834K 679K 20.24
Buy Not Issued.
JBLU 12/15 Put 26.15 -0.52 26.55 23.15 1.5M 3M 28.02
Current.
LOW 12/10 Put 54.91 -0.09 53.42 50.45 1.6M 4M 54.75
Current.
RTH 12/17 Put 89.9 -0.05 87.98 84.02 258K 2.5M 89.44
Buy Not Hit.
SLAB 12/09 Put 43.86 +1.31 42.6 37.65 1M 1.3M 43.72
Current.
SLVN 12/10 Put 29.14 +0.15 28.05 25.02 363K 484K 28.19
Current.
SMTC 12/13 Put 22.96 +0.09 21.25 18.54 776K 1.2M 22.18
Current.
VSEA 12/18 Put 44.18 -0.04 41.62 38 292K 1M 42.94
Buy Not Hit.
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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us stock market
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