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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers: BABY; AKAM; KNOT; COP; IWM; SPY; TRI
NEW PLAYS:
Upside plays:
Play Date: 10/20/2005
BTUI (BTU International--$10.37; +0.2; no options): Chip equipment
http://biz.yahoo.com/p/b/btui.html
After Hours: $11.74
STATUS: Test 18 day EMA. BTUI gapped higher in late July on an earnings explosion and it has rallied up the 18 day EMA (10.03) as a strong stock will. A strong move to start October - - when the market was selling off. As the market continued to sell BTUI fell back to the 18 day EMA and moved laterally at that level the past week on very low, below average volume. Volume kicked up Thursday as BTUI showed some life off this level. With chips rolling we are looking for BTUI to make another strong move and land us a nice, relatively quick gain. After that move it is likely to need a test lower, but it looks ready to continued higher here.
Volume: 218.648K Avg Volume: 282.826K
BUY POINT: $10.65 Volume=424K Target=$12.82 Stop=$9.92
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/btui.html
CONTINUING PLAYS
Play Date: 10/06/2005
NVDA (Nvidia--$31.76; +0.22; optionable): Semiconductors
http://biz.yahoo.com/p/n/nvda.html
After Hours: $31.76
STATUS: 50 day EMA test. NVDA continues to test the 50 day EMA (31.53), moving laterally at that level for the past week on low volume. It broke out of a 24 week triangle in early September and rallied smartly to 36. It has made a low volume test in the October selling, holding at key support. Looking for a volume move back up as NVDA clears the 18 day EMA (32.40). With the semiconductors looking better, NVDA is a prime candidate to continues its breakout move.
Volume: 2.98M Avg Volume: 4.752M
BUY POINT: $32.89 Volume=6.5M Target=$40.45 Stop=$31.38
POSITION: UVA AT - Jan. $32.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/nvda.html
CONTINUING PLAY TABLE:
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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
^SOX 10/12 Test 20 439.81 +0.41 440.33 459 0 0 442.11
Current. Tested the 10 day MVA intraday (44.85 at the intraday high, but gave most of it back. Holding at some resistance at 440.
AH 10/19 Cup hdl 43.38 -1.06 44.88 53.85 572K 780K 41.91
Buy Not Hit. Pullback tapping 43.13 at the intraday low and rallied back on much lower but above average volume. Still forming the handle.
AKAM 10/08 Test BO 17.36 +0.26 15.88 19.32 2M 1.9M 16.55
Current.
AME 10/11 PreAnn 40.86 -2.58 43.65 50.32 1.2M 475K 42.05
Buy Not Issued. Never gave the entry point volume we were looking for to show at the buyers are there. Stocks action today is prime example as to why we look for the volume and the clear and decisive move. The stock has not performed so will drop.
AMLN 10/12 Test 18 35.96 -0.6 35.55 42.25 1.9M 4M 35.04
Current.
AQNT 10/15 Asc Bse 19.7 -0.4 19.38 23.35 675K 1.6M 18.48
Buy Not Issued. Tapped 20.39 at the intraday high, but gave it back on low volume. Volume not there to enter the play and stock spent the session coming off the day's high.
BABY 10/01 Test BO 13.74 +0.22 13.29 15.88 443K 222K 12.97
Current. Continue with the uptrend for a nice move up the 10 day MVA on stronger above average volume. Came off the day's high of 14.26.
BEAV 10/10 Cup hdl 17.58 +0.11 18.05 21.68 978K 950K 16.85
Buy Not Hit. Meeting some resistance here. Came off the day's high of 17.98. Still forming the handle.
COSI 10/01 Asc Bse 8.94 -0.28 10.28 12.39 355K 600K 9.64
Exited.
DESC 10/13 Test 50 7.18 -0.43 7.55 9.45 718K 1.2M 7.02
Buy Not Issued.
DRRX 10/01 Test BO 6.89 -0.11 6.98 8.38 380K 500K 6.49
Buy Not Issued.
EMKR 09/15 Test BO 5.4 -0.12 5.62 6.98 236K 450K 5.67
Current.
ESLR 09/19 Asc Tri 8.34 -0.22 8.41 10.37 1.7M 1.3M 8.34
Current.
GES 10/19 DB hdl 25.6 +0.7 25.25 30.42 602K 695K 23.69
Buy Not Issued. Volume not quite there to enter the play when stock hit buy point. Will let test back.
GVHR 10/12 Cup hdl 24.27 -0.39 26.65 31.98 341K 391K 25.35
Buy Not Hit. Pullback testing the 50 day MVA intraday on stronger above average volume. May continue to test back to the 50 day MVA (24)
HAE 08/31 Asc Bse 46.86 -0.34 45.22 50.98 135K 215K 46.21
Current. Pullback tapping 46.10 at the intraday low and rallied back on lower below average volume. Moving up after testing the 50 day MVA.
HITK 10/17 Cup hdl 32.18 +0.19 31.85 38.38 127K 154K 30.28
Buy Not Issued.
HOM 10/15 Pennant 5.18 -0.3 5.18 6.39 1.5M 1.8M 5.21
Current.
INFA 10/05 Test 18 11.95 -0.04 12.05 13.98 1.8M 1.5M 11.55
Buy Not Issued.
IRIS 10/13 Test BO 21.11 -0.04 20.44 24.95 150K 304K 19.38
Current. Gapped up at the open, but gave it back on lower, but average volume. Still in uptrend.
KNOT 10/08 Test 50 12.67 +1.02 12.33 14.85 327K 147K 12.05
Current.
KONG 10/05 Test BO 13.54 -0.16 13.45 16.75 167K 383K 13.11
Buy Not Issued. Pullback testing the 10 day MVA intraday and rallied back on rising, but below average volume. Volume not there to enter the play and stock spent session coming off the day's high. Will let test back.
LRCX 10/08 Asc Tri 33.69 +0.31 32.45 37.89 4.1M 3.8M 32.22
Current.
MACR 10/03 Dbl btm 41.65 -0.76 40.93 49.95 831K 1.3M 40.82
Current.
MTIX 10/15 Test BO 6.82 +0.16 6.65 7.98 84K 182K 6.18
Buy Not Issued.
NTES 10/17 Test 50 73.54 -4.85 81.25 94.95 1.5M 1.6M 78.39
Buy Not Hit. The stock has not made the move we were looking for so will drop.
NTRI 10/18 Test 18 27.35 -0.78 29.05 34.95 561K 1.2M 27.39
Buy Not Hit. Pullback tapping 26.72 at the intraday low and rallied back holding the 18 day MVA on low volume. Still in the pattern.
NVDA 10/06 Test 18 31.76 +0.22 32.89 40.45 3M 6.5M 31.38
Buy Not Hit. Tapped 32.42 at the intraday high, (18 day MVA), but gave much of it back holding the simple 50 day MVA on low volume. Stock may continue to bounce from here.
PDFS 10/19 Test 50 17.05 -0.28 17.65 21.25 139K 202K 16.41
Buy Not Hit.
SMSC 10/10 Test BO 27.83 +0.64 29.42 35.32 396K 293K 28.05
Buy Not Hit.
SMTS 10/06 Test BO 30 -1 28.63 34.24 192K 350K 29.48
Current. Gapped up at the open, but gave it all back on lower, but above average volume holding at some support. May continue to test back to 29.41.
SYKE 10/15 Test BO 13.8 +0.14 14.09 16.95 510K 439K 13.31
Entered today. Stock began moving with strong volume tapping 14.39 at the intraday high, but gave much of it back. Stock needs to break through resistance at 14.
TSAI 10/10 Asc Bse 29.71 -0.03 28.96 33.97 202K 297K 29.11
Current.
UNH 10/08 Test BO 57.11 -1.09 56.32 64.95 5.2M 6M 56.15
Current. Pullback on lower, but strong volume. May continue to test back to 57
VRTX 09/06 Test BO 22.3 -0.46 19.46 23.15 866K 1.8M 21.68
Current.
WBSN 10/19 Cup 53.81 -0.69 54.88 63.45 439K 832K 52.91
Buy Not Issued. Pullback on lower below average volume. May continue to test back to 53.20
WRES 10/19 Test BO 14.82 -0.47 15.68 18.85 356K 450K 14.58
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
COP 10/18 Put 57.75 -3.8 59.15 56.75 11M 7M 58.32
Current. Nice move down the 10 day MVA on strong volume holding at some support.
CX 10/15 Put 48.2 -1.53 48.68 46.57 2.1M 1.8M 49.32
Buy Not Issued. Will let it test back to support at 48 and give a relief bounce for possible entry. Stock was all over the board today.
GSF 10/12 Put 40.65 -0.73 41.89 39.87 4.4M 2.5M 41.11
Moving down the 10 day MVA on strong volume. Came off the day's low of 39.75 (200 day MVA) Meeting support at 40.
IWM 10/17 Put 62.33 -1.18 62.44 60.78 47M 30M 62.55
Current. Nice move down the 10 day MVA on stronger above average volume. Meeting support at 62.
NETL 10/15 Put 20 -0.25 19.61 18.05 105K 383K 19.92
Buy Not Issued.
PIR 10/17 Put 10.57 -0.2 10.73 9.19 749K 1.3M 10.84
Current.
SPY 10/17 Put 117.67 -2.11 118.75 117 131M 70M 118.21
Current. Great move down the 10 day MVA on very strong volume surge. Meeting some support at 117.50
TRI 10/10 Put 43.49 -0.82 43.41 41.38 664K 1.1M 44.08
Nice move down below the 10 day MVA on rising, but below average volume. Meeting support at 42.92.
VAL 09/25 Put 22.01 +0.31 21.95 20.85 700K 313K 21.24
Current. Continue to bounce tapping 22.19 at the intraday high, but could not hold the entire gain on stronger above average volume. Holding at resistance. Needs to rollover here.
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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