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us stock market, stock split
Begin part 2 of 2
Next full report issues Saturday.
THE PLAYS
Good movers: BOOM; MDR; QSII; CSL
NEW PLAYS:
Upside:
New buy point on current play:
Play Date: 08/04/2005
AMX (America Movil--$21.97; -0.20; optionable): Wireless telecom
http://biz.yahoo.com/p/a/amx.html
STATUS: Breakout test. AMX has already made us some money and it is set up to make us some more. AMX broke out from a 14 week cup with handle base in mid-June and rallied up the 18 day EMA (21.36) before a strong surge last week on the telecom news about potentially some real deregulation. It took a breather after it split in late July, and that gave it the launch point for that big break higher. It came back from that move with a nice, easy test this week, falling back to the 10 day EMA (21.76), tapping that level on the low Thursday. This pullback has set up the next move, ready to follow the money flow higher once more after this market pullback has run its course.
Volume: 3.115M Avg Volume: 4.019M
BUY POINT: $22.21 Volume=5M Target=$25.55 Stop=$21.54
POSITION: AMX KD - Nov. $20c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/amx.html
New:
Play Date: 08/04/2005
FTO (Frontier Oil--$29.55; +0.80; optionable): Oil and gas refining and marketing
http://biz.yahoo.com/p/f/fto.html
STATUS: 50 day EMA test. FTO split in mid-June and never missed a beat, continuing its run from its breakout from an ascending triangle in May. It rallied to 33 in early July and then needed a rest. It came back to the 50 day EMA (28.08), held, and has moved laterally the past three weeks in a tight range on low volume. Good sign; that shows no one wanting to sell it. It came to life Tuesday with a price and volume move. Took the day off Wednesday with some lower trade, and then was right back up Thursday on very strong volume. Good price/volume action and looking for a break higher over the recent highs on continued solid volume to move into positions.
Volume: 1.487M Avg Volume: 1.262M
BUY POINT: $30.05 Volume=1.3M Target=$34.75 Stop=$28.62
POSITION: FTO AF - Jan. $30c (56 delta) &/or Stock
http://www.investmenthouse.com/ct/fto.html
CONTINUING PLAYS
Upside:
ASPM, CVD; DRIV; PPDI are all still set to move and in basically the same position as on the Wednesday report.
Not yet entered:
Play Date: 08/03/2005
TALX (Talx Corp.--$38.57; +0.14; optionable): Automated employment and income verification, etc.
http://biz.yahoo.com/p/t/talx.html
STATUS: Breakout test. Nice tight doji Thursday on low, below average volume Thursday as TALX continued the very nice and orderly pullback testing the Monday gap higher. A doji often indicates a pullback is over. To recap: Strong run for TALX this year after breaking out in April. It has made two gaps higher, one in early July and then again to start August. It gapped Monday on news of strong earnings and has come back on lower volume to test that move. May come all the way back to the 10 day EMA (37.49) to fill the gap and fully test the move higher; that would be the perfect action and a buy as it came back up on stronger volume. It is a strong stock, and we want to be ready if it turns back up from here. Strong money flow is leading higher and we expect TALX to continue to follow it.
Volume: 247.206K Avg Volume: 251.822K
BUY POINT: $38.65 Volume=400K Target=$44.45 Stop=$37.11
POSITION: TUB LG - Dec. $35c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/talx.html
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
ALXN 07/20 Cup hdl 26.97 -0.26 26.78 30.96 451K 424K 26.38
Current.
AMX 06/27 Cup hdl 21.97 -0.2 20.37 23.28 3.1M 2.5M 21.87
Current.
ARQL 07/30 Test BO 7.75 -0.32 7.89 9.38 125K 310K 7.62
Current.
ASPM 08/01 Test BO 31.8 -0.79 33.32 39.45 85K 276K 31.89
Buy Not Hit.
ATVI 07/27 Rv H&S 20.65 -0.07 20.15 23.45 1.7M 3.5M 20.21
Current.
BBY 08/01 PreSplt 51.23 -0.65 52.35 56 3.2M 3.8M 50.92
Current.
BJS 07/06 Asc Tri 62.26 +0.4 55.08 61.72 1.3M 2.8M 60.55
Current.
BOOM 07/11 Flat 47.1 +2.25 44.55 53.55 7.6M 2.6M 45.55
Target Hit.
BRCM 07/09 Cup hdl 42.41 -1.03 39.31 45.25 4.3M 11M 42.08
Current.
CDIS 06/27 Test BO 61.19 +0.55 53.69 60 395K 800K 60.94
Current.
COSI 07/30 Test BO 8.48 -0.41 9.08 10.95 266K 485K 8.44
Buy Not Issued.
CRM 07/13 Cup hdl 23.62 -0.22 22.25 26.22 752K 1.7M 23.05
Current.
CTRX 07/16 Cup hdl 14.46 -0.34 12.32 14.69 639K 125K 13.89
Big run through target and reversed. Will look at again
on a test.
CUTR 08/03 Test BO 22 +0.01 22.39 26.58 568K 325K 21.22
Entered today.
CVD 07/30 Test BO 48.76 -0.32 50.05 56.35 246K 400K 48.65
Buy Not Hit.
DRIV 08/02 Test BO 38.18 -0.71 40.04 46 680K 1.6M 37.88
Buy Not Hit.
DVN 06/13 DB hdl 57.66 +0.06 49.78 56.96 2.2M 4.5M 56.55
Current.
ENER 07/21 Rv H&S 25.95 -0.91 26.08 29.78 619K 700K 25.55
Current.
FLSH 07/20 Cup 25.51 -0.75 22.75 26.38 464K 1.1M 25.12
Current.
FSH 07/23 Cup hdl 61.2 -4.72 66.61 74.15 8.5M 1.4M 65.22
Exited.
GLW 05/21 Test BO 19.84 -0.25 15.23 18.22 12M 14M 18.92
Current.
GNSS 07/27 Test BO 24.4 -0.71 24.93 29.22 731K 1.4M 24.39
Current.
GNSS 07/11 FlyPlat 24.4 -0.71 20.81 24.82 731K 1M 24.39
Current.
HGSI 07/26 Test BO 13.52 -1.29 15.21 17.65 12M 2.5M 14.44
Exited.
IDBE 07/29 Test BO 20.41 -0.49 20.56 23.82 265K 423K 20.05
Current.
IDBE 07/16 Test BO 20.41 -0.49 19.58 22.75 265K 350K 20.05
Current.
IDIX 07/28 Test BO 25.6 -1 26.98 31.32 59K 221K 25.39
Current.
INGR 05/10 Asc Tri 38.87 +0.12 30.64 34.45 220K 276K 37.57
Current.
KERX 07/15 BO 16.86 +0.03 15.78 18.98 376K 650K 16.48
Current.
MDR 07/11 Asc Tri 24.68 +0.55 22.71 26.72 404K 1.3M 23.55
Current.
MMSI 08/03 Test 18 17.25 -0.37 17.74 20.44 156K 235K 16.79
Buy Not Hit.
MRVL 07/30 PreAnn 43.06 -1.6 44.07 49.59 3.2M 3.3M 42.88
Current.
MRVL 07/06 Test BO 43.06 -1.6 41.45 46.72 3.2M 3.8M 42.88
Current.
NSM 06/04 Cup hdl 24.06 -0.84 21.63 25.88 4.1M 6.1M 24.68
Trailing Stop.
PLAB 07/23 Test BO 26.53 -0.44 26.98 31.29 718K 1.2M 26.38
Current.
PMTI 07/20 Cup hdl 28 -1.44 29.15 33.21 215K 390K 27.65
Current.
PPDI 07/27 Test BO 56.62 -0.52 57.38 64.55 392K 547K 56.35
Buy Not Issued.
PWR 07/22 Rv H&S 10.25 -0.48 10.08 12.12 1.1M 1M 10.15
Current.
QSII 07/25 Cup hdl 66.18 +4.59 55.78 64.42 1.1M 604K 65.05
Current.
RATE 07/06 Cup hdl 24.8 -0.25 20.62 23.74 112K 219K 24.31
Current.
RIG 07/25 Test BO 59.58 +0.74 58.75 66.44 5.2M 4.6M 56.35
Buy Not Issued.
RTSX 07/30 Test 50 27.25 +0.19 26.39 31.85 161K 250K 25.18
SKS 07/25 Test BO 20.4 -0.47 20.05 23.12 739K 1.8M 20.44
Trailing Stop.
SMMX 07/28 Rv H&S 29.24 -0.11 31.12 35.89 239K 200K 29.48
Buy Not Hit.
SONO 08/01 Rv H&S 35.06 -0.93 35.15 40.45 144K 175K 33.98
SOSA 06/09 Cup hdl 11.94 -0.14 8.51 10.22 258K 831K 11.95
Current.
SPN 07/23 Cup hdl 21.2 +0.15 20.39 23.59 2M 716K 20.68
Current.
SVNT 07/20 Test 18 4.32 -0.11 4.68 5.61 448K 981K 4.35
Exited.
TALX 08/03 Test BO 38.57 +0.14 38.65 44.45 247K 400K 37.11
Buy Not Issued.
THQI 08/02 Test BO 34.84 -0.83 35.85 41.88 1.9M 970K 34.32
Current.
THQI 07/01 Test BO 34.84 -0.83 31.88 37.78 1.9M 970K 34.32
Current.
TLWT 08/01 Flat 21.97 -0.26 22.88 25.78 1.3M 2.7M 22.04
Buy Not Hit.
TXN 06/29 Asc Bse 31.9 -0.6 28.87 33.44 12M 18M 31.77
Current.
UBET 07/23 Cup hdl 5.79 -0.08 6.05 7.32 410K 564K 5.63
Buy Not Hit.
ULTI 08/03 Test BO 17.56 -0.37 18.05 20.88 81K 256K 17.61
Buy Not Hit.
WIND 07/08 Rv H&S 16.63 -0.43 17.11 20.32 813K 1.3M 16.78
Exited.
XTO 07/01 Cup hdl 36.75 +0.11 36.47 42.32 2M 4.7M 35.89
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CSL 08/01 Put 64.58 -0.66 65.11 63.08 72K 200K 68.92
FDX 07/25 Put 85 +0.35 83.97 81 1.6M 2.2M 82.48
Buy Not Issued.
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
stock split
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