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us stock market, stock recommendation
Begin part 2 of 2
Full report issues Wednesday.
THE PLAYS
NEW PLAYS:
Downside:
Play Date: 08/16/2005
TBL (Timberland--$34.56; -0.09; optionable): Clothing, footwear
http://biz.yahoo.com/p/t/tbl.html
STATUS: Put. Retail is under pressure. TBL was leading the way in late July, crashing lower and through the 200 day SMA (35) after it disappointed with its results. TBL has rebounded back to the 200 day, moving laterally in a tight range the past week below that level. Money flow remains in the tank. Looking for TBL to turn down from here and give us a nice drop to the December/January consolidation range. That moves lands us a 45%ish gain.
Volume: 656.4K Avg Volume: 585.202K
BUY POINT: $34.42 Volume=700K Target=$32.89 Stop=$34.89
POSITION: TBL UG - Sept. $35p (-52 delta)
http://www.investmenthouse.com/ct/tbl.html
CONTINUING PLAYS
Upside:
Not yet entered:
Play Date: 08/08/2005
NXTP (Nextel Partners--$26.11; +0.18; optionable): Wireless telecom
http://biz.yahoo.com/p/n/nxtp.html
After Hours: $26.13
STATUS: Double bottom w/handle. Volume spiked Tuesday as NXTP moved off the 18 day EMA (25.77) after a good test and shakeout in the handle of the base. Holding strong in a weak market, a good sign. To recap: NXTP continues to form the handle to its sweet little base, shaking out the last sellers; once they are going we should see a strong upside breakout. A nice 7 week pattern has formed over the 50 day EMA (25.14) after a nice breakout and run from March to late June. Solid 3 to 1 accumulation in the base (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows solid buying as NXTP took a breather. Looks ready to make the move.
Volume: 3.979M Avg Volume: 2.271M
BUY POINT: $26.69 Volume=3.4M Target=$30.25 Stop=$25.98
POSITION: KTU AE - Jan. $25c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/nxtp.html
CONTINUING PLAY TABLE:
* * 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: 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
AMGN 08/11 Test BO 79.51 -1.08 81.65 92.88 5.8M 11M 78.78
Buy Not Hit.
AMX 08/04 Test BO 21.88 -0.62 22.21 25.55 2.9M 5M 21.54
Buy Not Issued.
AMX 06/27 Cup hdl 21.88 -0.62 20.37 23.28 2.9M 2.5M 21.93
Trailing Stop.
ASPM 08/01 Test BO 31.46 -1.36 32.78 38.65 78K 276K 31.48
Buy Not Issued.
BRCM 08/15 FlyPlat 41.85 -1 43.54 49.95 6.1M 11M 42.25
Buy Not Hit.
BTUI 08/09 Test BO 7.32 +0.17 7.46 8.92 89K 165K 6.98
Entered today.
CMX 08/13 Test BO 45.74 -0.38 46.11 52.08 1.6M 2.6M 45.38
Buy Not Hit.
CUTR 08/03 Test BO 22.38 -1.02 22.39 26.58 733K 325K 22.27
Current.
CVD 07/30 Test BO 49.68 +0.45 50.25 56.95 188K 400K 48.68
Buy Not Issued.
DRIV 08/02 Test BO 37.98 -1.42 38.78 44.42 604K 1.6M 37.72
Current.
DVN 06/13 DB hdl 57.1 -1.7 49.78 56.96 2.9M 4.5M 58.55
Target Hit. Took the rest of a nice gain as DVN struggled & failed
to hold the 50 day EMA.
EEFT 08/13 DB hdl 29.74 -0.34 30.41 34.95 162K 515K 28.97
Buy Not Hit.
ENER 07/21 Rv H&S 26.35 -0.5 26.08 29.78 387K 700K 25.87
Current.
FLSH 08/15 DB hdl 25.28 -1.12 26.68 30.69 950K 850K 25.41
Buy Not Hit.
FORD 08/13 Test BO 26.58 -0.81 27.03 32.65 497K 1.4M 26.11
Current.
FTO 08/04 Test 50 31.11 -1.26 30.88 35.35 1.1M 1.3M 30.89
Current.
GLW 05/21 Test BO 18.86 -0.49 15.23 18.22 9.1M 14M 18.92
Target Hit.
GNSS 07/27 Test BO 25.47 -1.18 24.93 29.22 823K 1.4M 25.25
Current.
GNSS 07/11 FlyPlat 25.47 -1.18 20.81 24.82 823K 1M 25.25
Current.
GPRO 08/10 Cup hdl 45.8 -0.79 47.12 54 294K 1.1M 45.95
Buy Not Issued.
HAWK 08/15 FlyPlat 11.26 -0.14 11.57 13.31 541K 642K 10.98
Buy Not Hit.
IEX 08/08 Test BO 43.21 -0.49 43.15 48.99 174K 315K 42.72
Current.
INGR 05/10 Asc Tri 40.13 -0.04 30.64 34.45 202K 276K 38.87
Current.
MDR 07/11 Asc Tri 25.11 -0.45 22.71 26.72 276K 1.3M 24.97
Current. Held well above the 18 day MA on very low volume so
let it make the test.
MINI 08/10 Test BO 40.09 -0.82 40.95 46.95 55K 200K 39.69
Buy Not Issued.
MMSI 08/03 Test 18 18.17 +0.17 17.74 20.44 199K 235K 16.79
Buy Not Issued.
MPET 08/11 Pennant 2.98 +0.07 3.15 3.95 311K 1.8M 2.95
Buy Not Hit.
MRVL 07/30 PreAnn 43.88 -1.18 44.07 49.59 2.9M 3.3M 43.55
Current.
MRVL 07/06 Test BO 43.88 -1.18 41.45 46.72 2.9M 3.8M 43.55
Current.
MSTR 08/06 Test BO 76.4 -5 76.14 85.68 1.1M 750K 76.25
Current.
MUR 08/10 Test BO 54.9 -0.9 55.25 60.55 1.7M 1M 54.77
Current.
NVDA 08/06 Cup hdl 30.19 -0.52 29.94 35.72 5.3M 7M 29.65
Current.
NXTP 08/08 DB hdl 26.11 +0.18 26.69 30.25 4M 3.4M 25.98
Buy Not Hit.
PLAB 07/23 Test BO 24.98 -0.52 26.98 31.29 1M 1.2M 25.54
Current. Held the 50 day MA on the low and rebounded. Was down
after hours on its earnings. Will see if if can rebound
after opening lower Wednesday.
PPDI 07/27 Test BO 55.29 -0.19 57.38 64.55 188K 547K 56.35
Buy Not Issued.
PWR 07/22 Rv H&S 10.73 -0.28 10.08 12.12 688K 1M 10.55
Current.
QSII 07/25 Cup hdl 67.31 -2.19 55.78 64.42 274K 604K 66.12
Current.
RATE 08/08 Test 18 25.34 -0.41 24.61 29.55 262K 235K 24.45
Current.
RATE 07/06 Cup hdl 25.34 -0.41 20.62 23.74 262K 219K 24.45
Current.
RIG 07/25 Test BO 56.41 -1.36 59.75 67.44 3.8M 4.6M 57.47
Buy Not Issued.
SONO 08/01 Rv H&S 35.6 -0.04 35.15 40.45 76K 175K 34.98
SOSA 06/09 Cup hdl 12.26 -0.36 8.51 10.22 746K 831K 12.14
Current.
TALX 08/03 Test BO 40.41 -0.62 41.12 46.72 420K 400K 39.15
Buy Not Issued.
THQI 08/02 Test BO 35.45 -0.29 35.85 41.88 383K 970K 34.69
Current.
THQI 07/01 Test BO 35.45 -0.29 31.88 37.78 383K 970K 34.69
Current.
TXN 06/29 Asc Bse 31.89 -0.31 28.87 33.44 7.7M 18M 31.61
Current.
UBET 07/23 Cup hdl 6.07 -0.02 6.11 7.39 151K 564K 5.69
Current.
XTO 07/01 Cup hdl 36.33 -0.75 36.47 42.32 2.5M 4.7M 37.05
Exited.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
GME 08/15 Put 30.07 -1.48 30.58 29.04 1.1M 750K 30.45
Entered today.
IYR 08/13 Put 64.86 +0.16 64.48 62.32 2.7M 2.5M 65.18
Buy Not Issued.
JWN 08/10 Put 31.12 -1.48 32.05 30.01 2.6M 2.8M 32.21
Current.
SYMC 08/10 Put 21.39 -0.22 21.64 20.13 11M 16M 21.71
Current.
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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