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us stock market, trading system
Begin part 2 of 2
THE PLAYS
Good movers: SOX; AKAM; AMED; BMRN; CKFR; CMTL; FSL; GYI; LRCX; MCHP MRVL; NUE; SPIL
NEW PLAYS:
Upside plays:
Play Date: 12/01/2005
ITRI (Itron--$47.99; +1.24; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/i/itri.html
STATUS: Cup. ITRI is working on a 17 week base, forming up nicely the past three weeks, setting up an ascending triangle. Stocks often form this intermediate pattern while working on a larger base, and the breaks higher can be strong. A market leader that is setting up for a break to a new all-time high. Strong money flow and volume ramping up as it heads toward the breakout from the base within a base.
Volume: 371.558K Avg Volume: 404.14K
BUY POINT: $48.55 Volume=600K Target=$57.95 Stop=$46.15
POSITION: IUP EF - May $50c (49 delta) &/or Stock
http://www.investmenthouse.com/ct/itri.html
CONTINUING PLAYS
Play Date: 11/30/2005
CWTR (Coldwater Creek--$32.3; +0.9; optionable): Retail apparel
http://biz.yahoo.com/p/c/cwtr.html
After Hours: $32.29
STATUS: Breakout test. Still in the nice test of the breakout. Moved off the 10 day EMA (31.51) Thursday but volume was not there. Want to see more trade to show us the big money is moving back in. Nice leader in a good position. To recap: CWTR is a leader in its sector, and has tested the 10 day EMA, consolidating last week's breakout to a new all-time high. It gapped out of a nicely formed 12 week cup base on strong earnings. It has now filled the gap, holding near support at the 10 day. Strong money flow and solid accumulation. Looking for volume to rebound as it continues higher off the 10 day. A great company that made the transition from mail order catalogs to actual stores. It has about 115 stores and plans another 400 or so; it is still in the sweet spot of growth.
Volume: 672.857K Avg Volume: 752.722K
BUY POINT: New: 32.45 (orig $32.22) Volume=1.1M Target=$38.65 Stop=$31.05
POSITION: UCJ DF - Apr. $30c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/cwtr.html
Play Date: 11/16/2005
WBSN (Websense--$64.97; +0.02; optionable): Internet usage control for employers
http://biz.yahoo.com/p/w/wbsn.html
After Hours: $64.97
STATUS: Breakout test. WBSN tried the move again Thursday, hitting 65.88 on the high, but it could not hold it. Volume was solid, coming in near average. It is just a matter of time before it cuts loose again and gives us another 5 point session. We want to get in on that move early and have our options up a couple of bucks or more by the close. Love that action. To recap: WBSN is trying to make the break higher, gapping sharply higher Tuesday on strong volume but unable to hold the move. It was up again Wednesday, but volume fell below average and it was all over the map, trading in a $2 range. Broke out from a 8.5 month base three weeks back and is flopping around afterwards. Can run like the wind when it gets going, and it is getting ready to make that move.
Volume: 604.194K Avg Volume: 598.717K
BUY POINT: $65.21 Volume=887K Target=$74.95 Stop=$62.72
POSITION: DHQ DM - Apr. $65c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/wbsn.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
^SOX 11/30 Rv H&S 501.91 +20.27 491.55 509.85 0 0 495.85
Entered today. Gapped up at the open and exploded higher on strong volume making a 52 week high.
AKAM 10/26 Test 18 21.05 +1.09 17.32 20.48 3.8M 2M 19.15
Current. Gapped up at the open and continued to soar on stronger above average volume making a 52 week high.
AMED 11/28 Rv H&S 46.55 +2.17 43.66 51.45 1.1M 719K 44.25
AMGN 11/03 Test BO 81.64 +0.71 78.88 89.95 5.8M 13M 80.95
Current. Gapped up showing a doji on the 10 day MVA filling the gap intraday on low volume. Moving up after testing the breakout.
AMT 11/21 Test BO 27.58 +0.29 26.81 31.78 5.8M 4M 26.42
Current. Continue with the uptrend on strong volume surge.
AQNT 10/15 Asc Bse 27.2 +0.31 21.15 25.15 1.6M 1.6M 25.74
Current. Continue to move up the 10 day MVA on stronger above average volume.
BBBB 11/05 Test BO 31.28 +0.34 30.45 35.95 292K 385K 29.22
Current. Continue with uptrend on average volume.
BBBB 10/27 Test BO 31.28 +0.34 27.55 32.65 292K 367K 29.22
Current.
BMRN 11/09 Cup hdl 10.38 +0.64 9.72 11.65 590K 500K 9.82
Current.
BOBJ 11/12 Cup hdl 40.44 +0.7 37.56 43.45 1.3M 1M 39.25
Current.
BOOM 11/30 Test 50 24.53 +0.21 24.75 29.75 849K 2.1M 23.05
Buy Not Issued. Tapped 23.85 at the intraday low and rallied back on lower below average volume. Still in the pattern.
CKFR 11/29 Test BO 48.09 +1.24 47.65 54.25 1.1M 975K 45.55
Entered today.
CMTL 11/16 Test 50 45.2 +1.6 42.85 49.65 361K 650K 42.98
Current.
CONN 11/14 FlyPlat 36.75 +2.87 34.08 39.38 664K 225K 34.55
CRM 11/08 Test BO 32.94 +1.09 26.95 31.95 1.2M 2.1M 30.55
CRM 10/21 Cup hdl 32.94 +1.09 24.41 29.22 1.2M 1.5M 30.55
Current. Nice move up the 10 day MVA on lower below average volume breaking through some resistance at 32.
CWTR 11/30 Test BO 32.3 +0.9 32.22 38.65 642K 1.1M 31.05
Buy Not Issued.
CWTR 10/31 PreAnn 32.3 +0.9 30.11 34.98 642K 850K 31.08
Current.
CYTC 11/21 Cup hdl 27.7 +0.19 27.11 32.45 1.3M 957K 25.98
Buy Not Issued.
ELOS 11/14 Cup hdl 40.58 +0.78 42.21 50.65 605K 1.1M 39.98
Current. Tested the 10 day MVA intraday and rallied back on low volume. Moving up after testing the 50 day MVA.
FFIV 11/14 DB hdl 52.74 -0.24 56.47 65.95 1.1M 1.6M 54.11
Current. Pullback on average volume. May continue to test back to 52
FLR 10/31 Asc Tri 75.86 +1.76 66.72 75.95 913K 1.1M 73.38
Current.
FLSH 10/01 Test 50 31.88 +0.73 30.61 35.98 827K 1M 31.12
Current.
FSL 11/06 DB hdl 27.42 +1.67 25.67 30.75 4.2M 2.5M 26.12
Current. Exploded on very strong volume surge.
GILD 11/22 PreAnn 52.99 +2.3 54.69 62.95 4.9M 5M 52.25
Buy Not Hit.
GILD 11/02 Flat 52.99 +2.3 49.85 56.95 4.9M 4.2M 52.25
Current. Great move up after testing the breakout on rising on above average volume.
GVHR 10/12 Cup hdl 28.22 -0.11 25.32 30.98 220K 391K 27.71
Current. Gapped up at the open, but gave it back holding the 10 day MVA on below average volume. Still in good shape.
GYI 11/19 Test BO 93.3 +2.01 91.72 100 364K 594K 92.89
Current. Nice move up the 10 day MVA on rising, but average volume. Moving up after testing the 18 day MVA.
HSP 11/19 Test BO 44.3 +0.15 44.95 51.95 433K 900K 43.05
Buy Not Hit. Tapped 43.87 at the intraday low and rallied back on lower below average volume. Still in the pattern.
IDXX 11/30 Test 18 71.94 +0.39 72.05 81.K95 94K 221K 7.95
Buy Not Issued.
IDXX 10/29 Asc Bse 71.94 +0.39 68.84 78.95 94K 215K 71.22
Current. Holding the 10 day MVA on below average volume. Moving up after testing the 10 day MVA.
KOMG 11/28 Cup hdl 35.16 +0.22 33.88 39.95 1.2M 2.1M 32.25
Buy Not Issued. Beginning to level off on average volume. Needs low volume pullback.
LRCX 10/29 Test BO 39.15 +1.6 33.69 39.95 2.5M 3.5M 37.72
Target Hit. Took interim gain along the way. Running well.
LUK 11/07 Cup hdl 47.7 +0.32 44.86 52.95 280K 396K 46.32
Current. Showing a doji just above the 10 day MVA on stronger above average volume. Came off the day's high of 48.24. Doji may indicate a change in pattern to the upside.
MCHP 11/19 Cup hdl 34.64 +1.27 32.58 37.98 3M 1.9M 33.11
Current.
MOT 11/05 Cup hdl 24.2 +0.11 23.65 27.31 18M 29M 23.64
Current.
MRVL 11/02 Rv H&S 58.18 +2.64 48.71 55.88 5.4M 3.5M 55
Current. Gapped up at the open for a great move on lower, but strong volume hitting a 52 week high.
MSTR 11/15 DB hdl 75.62 +1.75 79.05 88.95 215K 612K 75.89
Buy Not Issued. Bounced on low volume holding the 10 day MVA. Still in the pattern.
NILE 11/07 Test BO 41.6 +0.11 38.55 44.22 148K 251K 41.72
Current. Gapped up at the open, but gave it back on lower below average volume. Meeting resistance at 42.
NTRI 10/18 Test 18 39.11 +0.18 30.86 36.75 862K 1.2M 38.25
Current. Tested the 10 day MVA intraday and rallied back showing a doji on stronger above average volume. May be ready to bounce from here.
NUE 11/21 Cup hdl 68.74 +1.66 65.67 77.95 2.4M 3.4M 62.38
Buy Not Issued. Volume not there to enter the play. Need low volume pullback.
NVDA 11/06 Cup hdl 36.58 +0.43 34.67 39.88 4.7M 6.7M 36.55
Current. Tapped 36.06 at the intraday low and rallied back showing a doji on slightly above average volume. Moving up after testing the breakout.
NVDA 10/06 Test 18 36.58 +0.43 33.11 40.65 4.7M 6.5M 36.55
Current.
OXPS 11/16 Test BO 24.93 +0.42 22.65 26.98 651K 450K 23.44
Current. Continue with the uptrend on average volume.
PNRA 11/09 Cup hdl 68.88 +0.85 62.25 71.62 466K 995K 67.98
Moving up after testing the 10 day MVA on lower below average volume. Meeting some resistance at 70
PSSI 11/17 Rv H&S 16.51 +0.04 15.03 17.98 567K 758K 15.94
Current. Gapped up at the open, but gave it back on much lower, but above average volume. Still in uptrend.
RIO 11/28 Asc Tri 44.94 +1.58 44.65 52.95 3.2M 4.3M 42.65
Buy Not Issued.
RL 11/10 Test BO 53.67 +0.07 54.74 62 717K 1.2M 52.77
Buy Not Issued.
RSTI 11/30 Test BO 43.89 +0.72 44.05 51.97 114K 151K 42.32
Buy Not Issued.
SMG 11/07 PreSplt 47.57 +0.65 45.56 50 359K 316K 46.38
Current.
SPIL 11/30 Dbl btm 5.5 +0.22 5.52 6.68 2.3M 1.3M 5.13
Entered today.
STMP 11/16 Test BO 23.5 +0.05 23.11 27.25 297K 297K 22.62
Current.
TWGP 10/27 Test BO 20.48 +0.28 17.95 21.45 192K 226K 19.71
Current.
VDSI 11/12 Cup hdl 11.24 -0.04 12.15 14.75 509K 790K 11.35
Buy Not Issued. Tapped 11.60 at the intraday high, but gave it back holding the 18 day MVA on rising, but average volume. Still in the pattern.
VSAT 11/28 Test BO 27.74 +0.09 27.68 32.75 220K 271K 27.05
Current. Meeting some resistance at 28
WBSN 11/16 Test BO 64.97 +0.02 65.21 74.95 597K 887K 62.72
Buy Not Issued. Showing a doji on stronger, but average volume. Doji may indicate a change in pattern to the upside.
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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