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Begin part 2 of 2
THE PLAYS
Good movers: ENER; FLSH; SNDK; SPIL
NEW PLAYS:
Upside plays:
Play Date: 01/05/2006
HP (Helmerich & Payne--$64.6; -1.75; optionable): Oil and gas drilling
http://biz.yahoo.com/p/h/hp.html
STATUS: Test breakout. HP made a lower volume test of the 10 day EMA (63.56) Thursday, rebounding to recoup some of its losses by the close. This is testing the strong break higher Tuesday and Wednesday as HP continued the breakout move from an 11 week cup with handle base. Positive accumulation in the base to go with strong money flow. A market leader with solid fundamentals and technical pattern, setting up for the next run higher.
Volume: 635.5K Avg Volume: 585.612K
BUY POINT: $65.48 Volume=725K Target=$75.35 Stop=$63.32
POSITION: HP FM - June $65c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/hp.html
Play Date: 01/05/2006
VSEA (Varian Semiconductor--$46.65; +1.75; optionable): Semiconductor equipment
http://biz.yahoo.com/p/v/vsea.html
After Hours: $46.65
STATUS: Reverse head and shoulders. Nice move higher Thursday on above average volume as VSEA starts the breakout move from its 4.5 month base. Could use better volume as it moves higher, but trade started higher this week as VSEA started higher toward the breakout. Excellent 7 to 3 accumulation in the base (7 up price weeks on rising volume to 3 down price weeks on rising volume) shows plenty of buying to send it higher on a breakout run. Ready to enter on a continued move on some better volume as it makes its move.
Volume: 953.877K Avg Volume: 807.569K
BUY POINT: $46.88 Volume=1.2M Target=$53.95 Stop=$44.67
POSITION: UES EI - May $45c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/vsea.html
CONTINUING PLAY TABLE:
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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
ACN 12/14 Test 18 29.68 +0.22 29.22 33.95 4M 2.7M 28.08
ADBE 12/22 Test BO 38.07 -0.35 38.05 43.95 6.4M 7M 36.64
Buy Not Issued. Pullback testing the 10 day MVA intraday and rallied back on average volume. Did not enter because stock did not make a clear and decisive move. May continue to test back to 10 day MVA (37.54)
AMTD 01/04 Test BO 25.11 +0.05 25.11 29.45 6.6M 5M 24.12
Current. Tapped 25.45 at the intraday high, but gave much of it back on lower, but strong volume. Meeting some resistance here.
AXE 12/27 Test BO 40.69 +0.08 40.35 46.55 202K 526K 39.04
Buy Not Issued. Continue to move up 10 day MVA on low volume. Will let pullback.
BCRX 01/04 Test BO 17.83 -0.26 18.32 22.65 1.4M 4.5M 17.08
Buy Not Issued.
BDX 01/04 DB hdl 60.92 -0.43 61.72 70.97 695K 1.5M 59.75
Buy Not Hit.
BOOM 12/21 FlyPlat 32.84 -0.37 32.23 38.62 861K 2.1M 30.78
Current. Pullback tapping 32.07 at the intraday low and rallied back on lower below average volume. Still in uptrend.
BOOM 11/30 Test 50 32.84 -0.37 24.75 29.75 861K 2.1M 30.78
BRCM 01/05 Cup hdl 50.11 +1.56 50.14 59.95 16M 10M 47.87
Entered today. Great move up the 10 day MVA on excellent volume surge
CTSH 01/03 Test BO 50.29 -0.69 51.11 58.95 1.1M 2M 49.89
Buy Not Hit. Pullback holding the 18 day MVA on lower below average volume. May continue to test back to support at 50
CTXS 01/04 Test BO 29.96 +0.02 30.06 35.95 1.3M 2.2M 28.74
Buy Not Issued. Tapped 30.07 at the intraday high on low volume. Need to see a clear and decisive move on strong volume.
DO 12/20 Test 18 72.75 -1.34 71.27 81.95 2M 2.6M 70.65
Current.
ENER 01/03 Cup hdl 44.66 +2.88 43.65 50.65 2.1M 1.8M 42.57
Entered today.
FFIV 11/14 DB hdl 64.23 +0.5 56.47 65.95 1.5M 1.6M 62.22
Current. Continue with the uptrend showing a doji on strong volume. May be ready for routine pullback.
FLSH 12/14 Rv H&S 35.21 +1.69 34.16 39.78 1.8M 1.6M 33.77
Current. Bounced off the 18 day MVA for a great move on strong volume surge making 52 week high.
FLSH 10/01 Test 50 35.21 +1.69 30.61 35.98 1.8M 1M 33.77
Current.
GPRO 01/04 Asc Tri 49.72 -0.24 50.45 58.95 451K 699K 48.57
Buy Not Hit.
GRMN 12/28 DB hdl 63.93 -1.61 66.55 76.45 1.1M 1.7M 64.21
Buy Not Issued. The stock has not made the move we were looking for so will drop
GRP 01/03 Test BO 46.8 -1.36 45.51 52.95 2.3M 1.7M 45.38
Current. Pullback on strong volume. May continue to test back to 10 day MVA (46)
HOLX 12/19 DB hdl 37.57 -0.71 39.33 45.85 564K 1.2M 37.55
Current. Pullback holding the 18 day MVA on low volume. Should be ready to rebound from here.
LUK 11/07 Cup hdl 47.9 -0.05 44.86 52.95 204K 396K 46.32
Current. Pullback testing the 10 day MVA intraday and rallied back on low volume. Meeting resistance at 48
MER 12/17 Asc Bse 67.95 -0.39 69.21 79.55 3.7M 6.2M 67.55
Buy Not Issued. Pullback on lower below average volume. Will drop for now but will keep our eye on it.
MSTR 11/15 DB hdl 87.71 +1.32 81.22 91.25 209K 612K 85.88
Current. Nice move up the 10 day MVA on low volume.
PDLI 12/17 Cup hdl 30.09 +0.13 29.98 35.89 1.7M 2.2M 27.97
Current.
RL 12/28 Test BO 56.23 +0.43 56.95 65.95 672K 1M 54.48
Buy Not Hit.
SNDK 12/20 DB hdl 69.03 +1.25 60.69 72.38 11M 20M 65.88
Current. Nice move up the 10 day MVA on lower below average volume.
SPIL 12/10 Test BO 7.59 +0.25 6.33 7.65 2M 1M 7.24
Target Hit.
SPIL 11/30 Dbl btm 7.59 +0.25 5.52 6.68 2M 1.3M 7.24
Current.
TWGP 12/10 Test BO 21.56 +0.05 21.25 25.31 186K 347K 21.12
Current.
TWGP 10/27 Test BO 21.56 +0.05 17.95 21.45 186K 226K 21.12
Current.
VTS 01/03 Test BO 39.43 +0.51 38.39 44.48 770K 941K 37.94
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
IRIS 12/29 Put 22.2 +0.02 21.63 20 91K 300K 22.55
Current. Moving down below the 10 day MVA on low volume holding meeting some support at 22.
LF 12/28 Put 11.48 +0.04 11.65 10.42 333K 500K 11.55
Current. Gapped down, but rallied on low volume holding at some resistance. Should turnover here.
RMD 12/21 Put 38.16 -0.29 38.83 36.45 227K 650K 38.72
Current.
SLXP 12/27 Put 18.24 +0.01 17.74 16.05 344K 400K 18.22
Buy Not Issued. Tapped 18.62 at the intraday high, but could not hold the gain on lower below average volume. Holding at resistance on the simple 50 day MVA. Should be ready to turnover from here.
TOO 12/28 Put 27.04 +0.47 28.39 26.26 2.3M 575K 26.78
Target Hit.
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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