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world stock market, us stock market
Begin part 2 of 2
Next full report issues this weekend.
THE PLAYS
NEW PLAYS:
Upside:
Play Date: 06/30/2005
IDIX (Idenix Pharmaceuticals--$21.68; -0.65; no options): Biotechnology
http://biz.yahoo.com/p/i/idix.html
After Hours: $21.57
STATUS: Breakout test. Very nice low volume pullback to test the breakout from its 22 week reverse head and shoulders base. Outstanding 7 to 1 accumulation in the base (7 up price weeks on rising volume to 1 down price weeks on rising volume) shows a lot of accumulation in the base. That set up the breakout and now it is making the test. Excellent money flow and a relative strength breakout on the original move show its strength. This was a new issue in July 2004 and this is its first really good base. Ready for a new all time high as it completes the test and comes back off the 10 day EMA (21.37) where it is thus far holding on the test.
Volume: 78.511K Avg Volume: 116.231K
BUY POINT: $21.85 Volume=158K Target=$26 Stop=$21.04
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/idix.html
Play Date: 06/30/2005
KOMG (Komag--$28.37; +0.82; optionable): PC hardware: data storage
http://biz.yahoo.com/p/k/komg.html
After Hours: $28.37
STATUS: 50 day EMA test. Made us some solid money earlier in the year. KOMG broke out and rallied but then peaked out at 32 in early June. It ahs come back to test the 50 day EMA (27.12) the past three weeks, holding at that level and then rebounding Thursday on very strong volume. A strong stock will run up the 10 and 18 day EMA and then need a breather at the 50 day to reset and then continue the run. Looks as if KOMG is ready to do that with money flow turning back up ahead of the stock.
Volume: 1.74M Avg Volume: 816.412K
BUY POINT: $28.75 Volume=1.2M Target=$34.45 Stop=$27.75
POSITION: QKX LE - Dec. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ct/komg.html
Downside:
Play Date: 06/30/2005
FDX (Federal Express--$81.01; -1.79; optionable): Package shipping
http://biz.yahoo.com/p/f/fdx.html
STATUS: Put. Volumes are down all over the world with the shippers and FDX is not immune. It based in January and February but collapsed. It tested the 200 day SMA up over 90 in early June, failed, tested the 50 day EMA and failed, and now has tested the 10 day EMA (83.17) and is failing here. Ready to move in for a downside play on a continued drop. A move to the target lands us a 42%ish gain.
Volume: 2.719M Avg Volume: 2.058M
BUY POINT: $80.88 Volume=3.1M Target=$77.85 Stop=$81.77
POSITION: FDX TQ - Aug. $85p (-68 delta)
http://www.investmenthouse.com/ct/fdx.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
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: 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
ADEX 06/28 Test BO 28.05 -0.35 28.72 34.35 106K 288K 27.12
Buy Not Issued.
AMX 06/27 Cup hdl 59.61 -0.29 61.13 69.85 919K 2.5M 58.45
Current.
ASH 06/22 Asc Bse 71.87 +0.56 71.11 79.88 1M 1.5M 69.87
Current.
ASTM 06/22 Cup hdl 3.12 -0.01 3.12 4.11 3.5M 5.9M 2.91
Current.
ATAC 06/27 DB hdl 17.43 -0.02 17.35 20.45 112K 229K 16.35
Buy Not Issued.
BELM 06/25 DB hdl 9.4 -0.16 9.95 11.62 194K 328K 9.44
Buy Not Issued.
BGC 06/28 Rv H&S 14.83 -0.06 14.89 17.87 167K 555K 14.08
Buy Not Issued.
CAND 06/08 Cup hdl 6.66 +0.3 6.38 7.68 439K 300K 6.32
Current.
CASY 06/20 Test BO 19.82 -0.19 20.52 23.78 120K 250K 19.39
Current.
CDIS 06/27 Test BO 52.37 +0.21 53.38 60 666K 800K 50.95
Buy Not Issued.
CHT 06/22 DB hdl 21.43 -0.12 21.78 25.25 173K 472K 21
Buy Not Hit.
CRM 06/25 Cup hdl 20.48 -0.35 21.08 25.95 1.1M 1.5M 20.14
Buy Not Issued.
DO 06/29 Test BO 53.43 +0.03 54.22 64 1.4M 2.2M 52.38
Entered today.
DO 06/10 Cup hdl 53.43 +0.03 51.38 60 1.4M 3M 52.39
Current.
DOVP 06/22 Cup hdl 18.66 +0.04 19.05 22.75 282K 377K 17.72
Buy Not Issued.
DTAS 05/31 Asc Tri 11.41 -0.14 11.09 13 399K 954K 11.25
Current.
DVN 06/13 DB hdl 50.68 +0.39 49.78 56.96 3M 4.5M 50.02
Current.
FSL 05/04 DB hdl 21.01 +0.06 19.03 22 1M 2.3M 21.05
Trailing Stop.
GET 06/22 Cup hdl 46.49 -0.06 44.02 49.92 263K 256K 45.44
Current.
GLW 05/21 Test BO 16.62 -0.22 15.23 18.22 8.8M 14M 16.05
Current.
GSIC 06/13 Cup hdl 16.75 -0.13 17.12 20.55 119K 500K 16.05
Buy Not Issued.
HNT 06/06 Cup hdl 38.16 -0.84 35.78 40.69 1.7M 1M 37.39
Current.
ILMN 04/30 DB hdl 12.07 -0.21 10.48 12.32 275K 400K 11.74
Current.
INGR 05/10 Asc Tri 34.46 -0.23 30.64 34.45 193K 276K 33.95
Current.
ITG 06/29 Test BO 21.02 +0.05 21.22 24.45 192K 375K 20.55
Buy Not Hit.
IVGN 06/23 PreSplt 83.29 -0.05 81.58 91.75 820K 1.1M 81.88
Current.
JEC 06/11 Rv H&S 56.26 +0.44 56.75 63 748K 474K 54.78
Current.
KOSP 05/02 DB hdl 65.5 -1.56 50.55 58.95 2.1M 1.2M 63
Current.
LCAV 05/18 FlyPlat 48.48 -0.79 41.85 47 565K 656K 47.31
Current.
MDRX 06/17 Test BO 16.61 -0.64 16.79 19.94 950K 850K 16.05
Current.
NSM 06/04 Cup hdl 22.03 -0.02 21.63 25.88 3.5M 6.1M 21.32
Current.
NTES 06/21 Test BO 57.11 -0.28 61.15 70 405K 1.1M 56.48
Current.
NTES 06/07 Test BO 57.11 -0.28 56.53 65.89 405K 1.1M 56.48
Current.
NTGR 05/25 Test BO 18.6 -0.09 18.89 21.68 361K 1.5M 18.65
Exited.
OHI 06/29 Test BO 12.86 -0.24 13.28 15.35 255K 348K 12.58
Buy Not Hit.
ORCC 06/27 Cup hdl 11.31 -0.19 11.48 13.75 157K 330K 11.05
Buy Not Issued.
PLLL 06/25 Cup hdl 8.85 +0.01 9.07 10.75 448K 490K 8.49
Buy Not Issued.
PPD 06/29 Test BO 44.65 +0.16 44.72 51.88 76K 165K 43.39
Buy Not Issued.
PUMP 06/25 Dbl btm 20.15 +0.23 20.84 23.94 129K 238K 20.55
Current.
SMTS 06/17 Test BO 22.47 -0.46 22.32 26.15 85K 150K 22.54
Current.
SOSA 06/09 Cup hdl 9.07 -0.08 8.51 10.22 473K 831K 8.82
Current.
TLWT 04/30 Test 50 22.78 +0.14 18.61 22.42 1.6M 1.5M 22.22
Current.
TXN 06/29 Asc Bse 28.07 -0.15 28.72 33.35 9M 18M 27.55
Buy Not Hit.
UNH 06/17 Asc Bse 52.14 -1 52.77 59.35 6.1M 5M 51.05
Current.
UNWR 06/15 Cup hdl 5.82 -0.02 5.48 6.72 2.4M 1M 5.55
Current.
USPI 05/21 Asc Tri 52.08 -0.61 48.25 54.25 147K 428K 51.05
Current.
WFR 05/28 Cup hdl 15.77 -0.1 15.17 17.89 1.3M 2.6M 15.45
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
IDXC 06/25 Put 30.14 -0.35 29.94 28.42 102K 300K 30.38
Buy Not Issued.
TYC 06/25 Put 29.2 -0.11 29.82 28.45 8.4M 11M 29.57
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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