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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Thursday: BIIB; KMRT; NCR; NXTP; SNDA
NEW PLAYS:
Upside:
Play Date: 12/09/2004
AAPL (Apple Computer--$63.99; +0.71; optionable): Ipods. Oh yes, computers as well.
http://biz.yahoo.com/p/a/aapl.html
After Hours: $64.67
STATUS: Test 18 day EMA. AAPL is testing the 18 day EMA (61.83) after breaking out from a three week, very tight flying plateau in the last week of November on some strong sales of Ipods that was also leading to sales of Macintosh computers. Go figure. It was downgraded the past week on, altogether now, valuation. It has made its way back to the 18 day EMA in a very orderly fashion, moving laterally along that near support the past 5 sessions. Volume crept higher Thursday as the stock posted a modest gain off that support. Looking for another rally here to make us a nice, relative quick gain. Prefer options on this one but stock works as well.
Volume: 13.287M Avg Volume: 13.804M
BUY POINT: $64.55 Volume=15M Target=$75 Stop=$61.75
POSITION: AAQ DM - Apr. $65c (52 delta)) &/or Stock
http://www.investmenthouse.com/ct/aapl.html
CONTINUING PLAYS:
Not yet entered:
NGEN: Still ready to go. See Wednesday report.
CHKP: Volume was up as it moved toward the breakout. Looks ready. See Wednesday
report for details.
IWOV: Volume was up as IWOV moves toward buy point.
New Buy Points on Current Plays:
CHT: Volume jumped higher. Looks ready. See Wednesday report.
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
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http://www.technicaltraders.com/ttr/table.php
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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: Asc Tri=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; Dsc Tri=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
^SOXX 12/01 Cup 425.46 -6.45 440.45 485 0 0 437.88
Buy Not Issued.
ACPW 12/06 Test BO 4.69 +0.19 4.87 6.11 114K 207K 4.57
Buy Not Issued.
ARBA 11/11 Test BO 16.15 +0.26 14.55 18.35 1.5M 835K 15.51
Current.
ARBA 10/11 Cup 16.15 +0.26 10.78 13.45 1.5M 835K 15.51
Current.
ATHR 12/04 Flat 11.2 -0.67 12.32 14.95 740K 678K 11.75
Current.
AUDC 11/23 Cup hdl 15.13 -0.29 15.88 18.95 589K 600K 14.88
Current.
AVID 11/08 DB hdl 58.58 -0.14 55.55 63.55 455K 800K 56.74
Current.
AVO 11/06 Dbl btm 41.6 -0.14 42.35 50.48 895K 665K 40.68
Current.
AXP 10/16 DB hdl 55.3 -0.38 54.27 60.62 4.1M 4.9M 55.55
Trailing Stop.
BEV 12/01 Cup hdl 8.95 +0.1 9.25 11.15 406K 110K 18.63
Buy Not Issued.
BIIB 12/08 Flat 66.12 +1.59 65.12 75 6.3M 4.5M 63.44
Entered today.
CHKP 12/06 Cup hdl 25.04 +0.49 25.22 30 3.3M 5M 24.05
Buy Not Hit.
CHT 10/07 DB hdl 20.65 +0.15 18.87 22.65 365K 306K 20.32
Current.
COSI 11/08 Cup hdl 6.27 -0.09 6.28 7.75 101K 154K 6.12
Current.
DGX 11/03 Asc Tri 96.59 +0.79 90.01 100 535K 650K 92.05
Current.
DRIV 11/15 Test BO 41.26 -0.41 38.65 45.72 643K 1.3M 41.22
Current.
DUSA 11/16 Flat 13.67 +0.2 12.88 15.35 75K 208K 12.65
Current.
ECL 12/06 FlyPlat 34.86 +0.06 35.55 40.38 455K 1.2M 34.65
Buy Not Hit.
EMR 11/18 FlyPlat 68.67 +0.06 68.78 78 1.7M 1.4M 66.38
Current.
EXTR 11/06 Cup 6.51 -0.14 6.68 8.68 3.1M 2.5M 6.65
Current.
FLR 11/12 Dbl btm 54.27 -0.27 47.35 54.72 675K 750K 53.22
Current.
FRGO 11/20 Test BO 14.52 -0.41 14.88 17.85 19K 125K 14.38
Current.
GENZ 11/22 Cup hdl 55.53 +0.55 56.88 63 1.6M 3.2M 55.25
Buy Not Issued.
HLEX 11/29 Cup hdl 15.95 +0.11 16.61 19.82 247K 350K 15.94
Current.
HOLL 11/06 Cup hdl 4.55 +0.03 4.09 5.09 60K 175K 4.22
Current.
HPOL 12/07 Test 20 7.19 0 7.42 8.98 461K 400K 7.07
Buy Not Hit.
IDXC 12/01 Test BO 35.51 -0.27 36.06 42 132K 130K 34.77
Buy Not Issued.
INOD 12/01 FlyPlat 7.7 +0.35 7.45 8.95 126K 200K 7.59
Current.
ISON 12/06 Test 18 4.48 +0.17 4.63 6.15 3.5M 10M 4.88
Current.
ISSX 10/23 Cup hdl 24 +0.07 20.11 24 594K 1.3M 24.04
Current.
IWOV 12/06 Cup 10.77 +0.13 11.04 13.25 394K 500K 10.55
Buy Not Issued.
KMRT 08/18 Dbl btm 103.73 +2.64 80.22 92 1.6M 3.6M 105
Current.
LFUS 12/04 Cup hdl 37.85 -0.66 40.42 48 118K 357K 38.58
Buy Not Hit.
MERQ 11/10 Test 20 45.12 +0.25 46.55 53 2.1M 4.4M 44.55
Buy Not Issued.
MIPS 11/11 Test BO 8.91 -0.16 8.67 10.41 173K 347K 8.68
Current.
MTSN 12/02 Cup 10.7 -0.37 11.15 13.75 414K 500K 10.65
Current.
MXT 10/27 Test BO 11.3 -0.15 9.97 11.95 301K 750K 11.24
Trailing Stop.
NCR 10/23 Test BO 66.21 +0.93 54.05 62.35 1.4M 725K 63.97
Current.
NGEN 12/08 Test 20 6.13 -0.05 6.48 7.98 1.2M 2.6M 6.03
Buy Not Hit.
NTES 12/01 DB hdl 51.06 +0.84 54.85 64 1M 2M 52.65
Current.
NTES 11/04 Cup 51.06 +0.84 50.97 58.38 1M 1.6M 52.65
Current.
NTGR 11/16 Cup 16.53 -0.47 16.41 20 882K 1.2M 16.58
Current.
NXTP 12/09 Test 50 18.6 +1.27 18.58 23.35 6.8M 2M 17.88
Entered today.
OPWV 12/02 Cup hdl 14.66 +0.17 13.99 16.85 2.2M 2.1M 13.22
Current.
PLAB 11/29 Rv H&S 16.44 -0.37 19.25 23.25 914K 750K 18.04
Exited.
SINA 11/08 Test 20 35.38 -0.09 36.75 45.42 3.5M 7M 36.38
Current.
SMDI 12/07 Cup 5.5 -0.07 5.85 7.35 312K 250K 5.44
Buy Not Issued.
SNDA 12/06 Test 18 43.22 +4.52 42.72 52 1.6M 1.8M 40.12
Current.
SNDA 10/11 Test BO 43.22 +4.52 31.32 36.85 1.6M 1.2M 40.12
Current.
STGS 11/29 Cup hdl 40.33 +0.08 41.25 49.25 166K 320K 39.77
Current.
STK 11/30 DB hdl 30.24 -0.25 29.92 35.54 873K 1.4M 29.98
Current.
TKR 12/08 Test BO 26.38 +0.16 26.48 31.55 278K 580K 25.58
Buy Not Hit.
VION 11/17 Cup hdl 4.76 +0.07 4.85 6 511K 700K 4.72
Current.
VMSI 11/03 Test BO 59.76 -0.2 55.05 61 76K 150K 59.54
WITS 12/04 Cup 16.5 -0.12 17.22 20.75 231K 553K 16.15
Buy Not Hit.
WMS 12/02 Rv H&S 30.49 +0.54 31.28 37 193K 945K 29.68
Buy Not Hit.
YUM 10/12 Test BO 45.9 +0.11 42.89 48 1.6M 1.2M 45.44
Current.
ZILA 12/08 Cup hdl 4.64 -0.29 5.08 6.35 671K 210K 4.72
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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