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trading system, stock trading system
Begin part 2 of 2
THE PLAYS
Good movers: ACL; ADSK; AGN; ATVI; CHS; DVA; ESRX; FAST; GILD; HANS; HCC; HIBB; HOLX; LUFK; PGR; RS; SBUX; STJ; SWN
New Post-Split Plays: New buy point on current play.
Play Date: 11/02/2005
GILD (Gilead Sciences--$48.90; +1.75; optionable): Biotechnology
http://biz.yahoo.com/p/g/gild.html
After Hours: $48.90
STATUS: Trading range. GILD broke higher from an 11 week reverse head and shoulders base in late September. In the market selling it started laterally, moving in a trading range between 45 and 48. Wednesday GILD broke above 48 on rising though still below average volume. Looks ready to start the next leg higher that starts with a new all-time high.
Volume: 3.651M Avg Volume: 3.515M
BUY POINT: $49.45 Volume=4.2M Target=$56.95 Stop=$47.11
POSITION: GDQ BW - Feb. $47.50c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/gild.html
Leader Plays:
Play Date: 11/02/2005
DO (Diamond Offshore--$59.35; +1.86; optionable): Oil and gas drilling (offshore)
http://biz.yahoo.com/p/d/do.html
STATUS: Double bottom w/handle. A short 5 week base has formed that used the 200 day SMA (51.75) as support on the second leg. It jumped higher, then worked laterally the past week on lower volume., holding near the 50 day EMA (56.82). Wednesday DO broke higher on stronger, above average volume. This stock can fly when it gets going. Ready to move in as it continues higher on stronger volume.
Volume: 2.082M Avg Volume: 1.782M
BUY POINT: $59.65 Volume=2.6M Target=$67.95 Stop=$57.65
POSITION: DO CL - Mar. $60c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/do.html
Play Date: 10/19/2005
WBSN (Websense--$59.58; +1.25; optionable): Internet business services
http://biz.yahoo.com/p/w/wbsn.html
STATUS: Cup w/handle. After blasting higher the prior week on strong volume, WBSN is moving laterally this week on very low, below average volume. This is forming the handle to its 8 month base, setting up the next breakout and run. Strong money flow is running higher ahead of price. Setting up for the breakout to a new all time high.
Volume: 439.006K Avg Volume: 572.642K
BUY POINT: $60.42 Volume=832K Target=$69.45 Stop=$58.25
POSITION: DQH DL - Apr. $60c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/wbsn.html
PRE-ANNOUNCEMENT PLAYS
New Pre-Announcement Plays: New buy point on a current play.
Play Date: 11/02/2005
MRVL (Marvell Technology--$47.1; +1.48; optionable): Semiconductor integrated circuits. Forecast to announce a split 11-17-05 after the close.
BACKGROUND: Last announced a 2:1 split 2-26-04 at $42.90.
http://biz.yahoo.com/p/m/mrvl.html
After Hours: $47.06
STATUS: Reverse head and shoulders. A big test lower to end last week and a furious rebound. MRVL then continued the move this week, completing the right shoulder to its current 9 week base. Strong money flow is leading higher and relative strength is ready to make the breakout along with the price as MRVL moves to a 5 year high.
Volume: 2.912M Avg Volume: 3.434M
BUY POINT: $47.68 Volume=3.5M Target=$54.88 Stop=$45.48
POSITION: UVM BW - Feb. $47.50c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/mrvl.html
CONTINUING PLAYS
* * 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://stocksplits.net/ssr/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 FOR CONTINUING PLAY TABLE
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri =Ascending triangle; 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; 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.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACL 10/08 PreAnn 140 +3.61 126.38 142.45 530K 725K 137.89
Current.
ADSK 10/05 Test 18 47.6 +1.83 45.62 54.55 4.5M 4.1M 46.32
Current.
AGN 10/27 PreAnn 101.16 +5.93 89.25 102 3.5M 1.2M 98.25
AMHC 11/01 PreAnn 41.25 +0.42 41.55 47.95 178K 534K 40.12
Buy Not Hit.
APC 10/25 PreAnn 90.9 +0.79 92.45 102.95 1.9M 2.4M 90.11
Buy Not Issued.
ATVI 10/18 PreSplt 16.81 +0.62 16.28 19.42 8.3M 3.4M 16.35
Current. Nice move up the 10 day MVA on very strong volume surge. Came off the day's high of 17.25. Meeting some resistance at 17.
BCSI 10/22 Cup hdl 48.39 +0.85 46.15 54.95 293K 543K 44.91
Current. Moving up the 10 day MVA on average volume.
BJS 10/27 Test 50 34.89 +0.29 35.05 40.95 5.4M 6.3M 33.32
Buy Not Issued. Tapped 33.62 at the intraday low and rallied back on slightly lower, but strong volume. Looking good. Would like to see a bit more volume.
BRL 10/01 Cup hdl 56.83 +0.28 56.31 64.95 694K 1M 56.05
Current.
BRO 10/13 PreAnn 55.73 +0.84 51.29 57.88 726K 413K 53.66
Current.
CHS 10/10 DB hdl 41.2 +1.09 39.34 46.95 2.3M 2.9M 38.69
Current. Big gap up for a nice gain on stronger above average volume. Continue to move up the 10 day MVA.
CLF 10/29 PreAnn 81.8 +0.88 81.55 94.95 649K 808K 77.05
Buy Not Issued.
CWTR 10/31 Dbl btm 28.36 +1.32 27.32 31.88 622K 850K 25.87
Buy Not Issued.
DIOD 10/29 PreAnn 35.95 +0.6 37.15 44.55 150K 350K 36.05
Buy Not Hit. Bounced on low volume. Still in the pattern.
DNA 10/29 DB hdl 91.75 +0.7 90 100 4.1M 5.8M 86.12
Current. Continue with the uptrend on average volume.
DNA 04/28 Test BO 91.75 +0.7 70.42 81 4.1M 8.2M 87.21
Current.
DNR 11/01 PreSplt 46.1 +1.75 44.75 50.95 574K 600K 43
Buy Not Issued.
DVA 10/03 PreAnn 51 +1.1 48.98 55.95 1.5M 550K 49.89
Current.
DVN 10/18 Dbl btm 59.75 -0.24 62.55 71.95 6.1M 3M 61.05
Buy Not Issued. Pullback tapping 58.82 at the intraday low and rallied back on stronger above average volume holding at some support. Stock needs to hold here and rebound.
ESRX 10/13 Test 50 78.15 +3.1 62.44 70.92 3.6M 2.1M 75.88
Current. Broke through resistance at 75 as stock makes a nice move up the 10 day MVA on strong volume.
FAST 10/25 PreSplt 72.01 +1.98 71.94 77.95 919K 918K 69.22
Entered today.
FLO 10/06 Cup hdl 30.11 +0.48 28.04 32.21 256K 339K 28.88
Current. Continue with the uptrend on average volume.
GENZ 10/25 PreAnn 73.14 +1.26 72.89 83.78 2M 4M 69.69
Buy Not Issued. Bounced off the 10 day MVA on average volume. Volume not there to enter the play. Will let test back.
GILD 09/10 Cup hdl 48.9 +1.75 47.19 53.95 3.7M 4.2M 47.22
Current. Gapped up at the open for a great move on much stronger, but average volume.
GPN 10/06 PreSplt 44.07 +0.19 39.98 44.73 706K 475K 42.22
Current. Continue with the uptrend on low volume.
GPN 09/13 PreSplt 44.07 +0.19 34.86 37.93 706K 350K 42.22
Current.
GTK 10/12 Test BO 31.93 +0.18 32.24 27.95 714K 1.7M 31.05
Current.
HANS 10/29 Rv H&S 58.11 +8.4 48.57 56.95 2.5M 975K 55.45
HAR 10/06 PreAnn 100 +0.05 104.51 119.95 483K 1.1M 103.22
Current.
HCC 10/26 Asc Bse 32.2 +2.02 28.75 33 2.2M 857K 30.96
Target Hit. Took some of the money off the table as stock shot up on very strong volume. Will let the remaining position work for us.
HIBB 10/22 Cup hdl 27.06 +0.93 26.75 30.98 231K 612K 25.88
Current.
HOLX 11/01 PreSplt 62.01 +4.8 59.55 65 1.3M 527K 59.89
Tested the 10 day MVA intraday and made a fierce rally for a nice gain on strong volume surge.
HRS 10/27 Test 50 41.76 +0.75 40.05 46 682K 1M 38.12
Buy Not Issued.
HYSL 10/25 Cup hdl 49.26 +1.12 49.55 58.55 395K 874K 47.22
Buy Not Hit. Bounced off the 10 day MVA for a nice gain on lower below average volume. Like to see more volume in upside move.
INGR 10/15 Asc Bse 47.94 -0.01 46.31 53.55 267K 435K 44.74
Buy Not Issued.
IRIS 10/22 Test BO 22.91 -0.58 21.74 24.99 456K 290K 20.88
Current. Volatile session tapping 24.19 at the intraday high, but gave it back on stronger above average volume. Meeting resistance at 23
IRIS 10/13 Test BO 22.91 -0.58 20.44 24.95 456K 304K 20.88
Current.
JCOM 10/22 Cup hdl 45.54 +0.95 42.75 50.95 452K 750K 43.33
Current. Tapped 44 at the intraday low and rallied back for a nice gain on average volume.
LUFK 10/29 DB hdl 48.9 +2.2 48.79 57.75 319K 379K 45.65
Entered today.
MCRS 10/29 Dbl btm 46.5 -0.15 46.21 54.95 404K 450K 44.89
Current.
MRVL 10/01 PreAnn 47.1 +1.48 46.65 53.65 2.9M 3.5M 45.05
Current. Nice move up the 10 day MVA on rising, but below average volume. Meeting some resistance here.
NTES 11/01 Dbl btm 83.24 +0.41 83.55 94.89 1.4M 1.5M 78.38
Buy Not Issued. Stock needs to make a clear and decisive move on strong volume to enter the play.
PGR 10/18 PreAnn 119.65 +2.2 110.23 118 910K 1.2M 117.88
Current.
PSUN 10/31 Dbl btm 25.76 +0.36 25.38 29.85 1.8M 2.2M 24.11
Current. Continue with the uptrend on lower, but strong volume.
RMD 10/22 Test 50 37.6 -0.03 38.61 44.75 721K 798K 36.88
Buy Not Issued.
RS 10/13 PreAnn 59.5 +1.61 50.89 58.55 348K 403K 57.45
SBUX 10/15 PreSplt 28.83 +0.68 26.85 29.66 6.9M 3.2M 27.55
Current.
STJ 10/18 Asc Tri 50.44 +2.1 48.65 54.95 4.4M 2.5M 48.65
Current. Bounced off the 10 day MVA for an explosive move on excellent volume surge.
SWN 10/24 PreAnn 73.54 +2.61 71.65 85.95 2.5M 2.6M 67.89
Current. Nice move up the 10 day MVA on lower below average volume. Meeting some resistance at 75. Moving up after testing the 50 day MVA.
TALX 10/27 DB hdl 41.58 +1.66 38.65 46.42 294K 509K 35.94
Buy Not Issued. Volume not there to enter the play. Look for a low volume pullback.
UNH 10/08 Test BO 59.57 +0.57 56.32 64.95 8.2M 6M 58.28
Current. Continue with the uptrend on lower, but strong volume.
VLO 11/01 PreSplt 108.02 +2.21 106.65 116 9.1M 9M 102.15
Buy Not Issued.
VTIV 10/12 Cup hdl 25.54 +0.56 26.48 32.25 310K 714K 24.63
Buy Not Hit. Bounced off the 50 day MVA to hold at the 10 day MVA on low volume. Still forming the handle.
WBSN 10/19 Cup 59.58 +1.25 54.88 63.45 439K 832K 52.91
Buy Not Issued. Continue with low volume ascent. Will need low volume pullback.
WIRE 10/01 FlyPlat 21.98 +0.27 16.92 20.25 256K 170K 20.89
Current. Beginning to level off meeting some resistance at 22.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ATK 10/22 Put 72.67 +1.97 69.32 67.35 316K 270K 68.89
Exited.
Good Investing!
Jon L. Johnson and the Stock Split Report Staff.
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 of 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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trading system
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