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us stock market, trading system
Begin part 2 of 2
THE PLAYS:
Continuing Pre-Announcement Plays ready to move:
Play Date: 01/14/2006
MRVL (Marvell Technology--$63.95; +0.99; optionable): Semiconductor integrated circuits. Forecast 2-23-06
BACKGROUND: Last announced a 2:1 split 2-26-04 at $42.90.
http://biz.yahoo.com/p/m/mrvl.html
After Hours: $63.42
STATUS: Breakout test. MRVL gapped down to the 18 day EMA (61.28) on the Wednesday open then staged a higher volume rebound to post a gain. Strength on strength. Ready to move into additional positions as MRVL continues higher. To recap: A clear market leader with tremendous momentum and continuing buying. It broke out from a 12 week base in late November at $50. It is making the second test of that breakout move, reaching down to the 10 day EMA Friday and the 18 day EMA Wednesday, rebounding on solid trade. Looks ready to continue the breakout move.
Volume: 5.947M Avg Volume: 4.106M
BUY POINT: $64.38 Volume=6.1M Target=$74.95 Stop=$62.22
POSITION: UVM EM - May $65c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/mrvl.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 01/17/2006
CLZR (Canela--$15.75; -0.16; optionable): Medical appliances
http://biz.yahoo.com/p/c/clzr.html
STATUS: Test breakout. Another tight doji right at the 10 day EMA (15.78) as CLZR ignored the selling and continued its low volume breakout test. It is ready to make the move. To recap: CLZR shot higher a week back on very strong trade, breaking out from a 19 month cup with handle base, surging to 17 on the move. It has faded back the past week on very low, below average volume, coming to rest on the 10 day EMA, showing nice doji's at that level. Surging money flow is leading the way higher. Relative strength broke out on the price breakout, a good corroboration of the breakout's strength. Nice test and looking for strong volume as it surges back up.
Volume: 145.281K Avg Volume: 317.471K
BUY POINT: $16.38 Volume=345K Target=$19.95 Stop=$15.55
POSITION: UKZ EC - May $15c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/clzr.html
CONTINUING LEADER PLAY:
Play Date: 01/14/2006
SNDK (Sandisk--$70.64; -0.89; optionable): Semiconductor flash memory, etc.
http://biz.yahoo.com/p/s/sndk.html
After Hours: $70.36
STATUS: Breakout test. SNDK continues to test its strong early 2006 breakout, coming back and holding the 18 day EMA (68.87) on the Tuesday and Wednesday lows. That keeps it holding the breakout even in all of this selling. Looking for SNDK to turn back up here and give us another entry point. To recap: Another leader in the recent surge, and indeed, in December as well, that is taking a breather after a strong run. SNDK topped out just over 77 last week and then received a downgrade last Friday and again on Tuesday; 'valuation' calls that strong, leading stocks often get. Volume has faded on the selling this week, showing us no real sellers as it tests. Looking for a break back up through the 10 day EMA (71.79) to enter new positions.
Volume: 11.674M Avg Volume: 13.903M
BUY POINT: $72.25 Volume=21M Target=$87.95 Stop=$6885
POSITION: SWF DO - Apr. $75c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/sndk.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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http://stocksplits.net/ssr/table.php
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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
AAPL 01/07 PreAnn 82.49 -2.22 77.37 92 40M 30M 83.48
Current.
ACI 01/10 PreAnn 84.74 -1.77 84.92 100 1.1M 2.8M 83.21
Current. Pullback tapping 83.67 at the intraday low and rallied back on rising, but below average volume. Meeting some resistance at 85.
AGN 10/27 PreAnn 114.09 -0.61 89.25 102 808K 1.2M 111.89
ATW 01/05 PreAnn 90.72 -2.25 86.18 99.75 359K 545K 90.88
Trailing Stop. Decided to take some solid gain and it then came back to tap the 10 day EMA and rebounded some. Will let it test some more and then start a new position.
BOOM 12/21 FlyPlat 33.87 -1.34 32.23 38.62 733K 2.1M 33.39
Current. Pullback tapping 33.07 at the intraday low and rallied back holding the 10 day MVA on low volume. Should be ready to bounce from here.
BOOM 11/30 Test 50 33.87 -1.34 24.75 29.75 733K 2.1M 33.39
BRL 12/28 Asc Bse 65.37 +0.47 63.75 72.88 641K 1.1M 65.55
Current. Tapped 64.65 at the intraday low and rallied back holding the 10 day MVA on below average volume. Moving up after testing the 18 day MVA.
CDIS 01/03 Test BO 42.67 -0.31 39.42 45.55 928K 2M 40.95
Current. Pullback tapping 41.89 at the intraday low and rallied back on low volume. Still in uptrend.
CELG 01/17 PreSplt 67.86 -0.03 68.55 78.85 2.4M 3.2M 65.48
Buy Not Hit.
CELL 01/17 Cup hdl 19.88 +0.14 20.15 24.22 552K 1.3M 19.48
Buy Not Hit.
CETV 12/03 PreAnn 57.95 -1.19 57.75 67.42 182K 228K 58.31
Trailing Stop.
CLE 12/13 Test 18 30.24 -0.09 28.55 33.25 481K 750K 30.11
Current.
CLF 01/14 PreAnn 92.91 -2.12 98.12 110 330K 799K 93.18
Current.
CLZR 01/17 Test BO 15.75 -0.16 16.38 19.95 145K 345K 15.55
Buy Not Hit. Tapped 15.99 at the intraday high, but gave it back showing a doji on the 10 day MVA on rising, but very low volume. Still in the pattern.
COF 12/27 PreAnn 86 0 88.15 99.65 1.2M 3M 86.15
Buy Not Issued.
CRDN 12/19 Test 50 49.14 -1.36 46.47 53.95 595K 1.1M 47.55
Current. Pullback testing the 10 day MVA intraday and rallied back on average volume. Meeting resistance at 50.
CRM 01/10 Test BO 41.59 +2.6 38.96 45.95 2.7M 2.4M 39.65
Current. After hours trading 41.40. Lot of data showing incorrect trades.
CTSH 01/07 PreAnn 50.5 +1.3 52.15 59.98 1.7M 2M 50.11
Current.
CWTR 01/04 PreSplt 21.08 -0.05 21.56 25.77 1.1M 1.2M 21.15
Current. Tapped 21.97 at the intraday high, but gave it all back showing a doji on the simple 50 day MVA on lower below average volume. May test back to 20.57.
DAKT 12/17 PreAnn 30.92 +0.01 30 34.45 48K 150K 31.55
Current. Tested the 18 day MVA intraday and rallied back holding the 10 day MVA on low volume. Moving up after testing 18 day MVA.
DRI 12/29 PreAnn 39.57 +0.15 40.35 46.48 1.2M 1.3M 39.44
Current.
EOG 01/07 PreAnn 80.51 -2.03 79.25 91.45 2.8M 4.5M 75.98
Buy Not Issued.
FTO 01/12 PreAnn 42.57 -0.56 42.12 50 1.3M 2M 40.21
Buy Not Issued.
GILD 01/04 PreAnn 58.62 -0.44 56.58 66.95 3.6M 7.2M 57.98
Current. Pullback testing 10 day MVA intraday on rising, but below average volume. May continue to test back to 58.
GRP 01/03 Test BO 47.86 -1.29 45.51 52.95 1.9M 1.7M 47.65
Current. Pullback testing the 18 day MVA intraday and rallied back to hold the 10 day MVA on strong volume. May test back to 46.80
HAL 01/17 PreAnn 69.4 -0.6 71.55 82.45 5.7M 8M 68.65
Buy Not Hit. Pullback tapping 68.53 at the intraday low and rallied back on rising, but below average volume. May test back to 68.60
HOLX 12/19 DB hdl 40.87 -0.31 39.33 45.85 462K 1.2M 38.89
Current. Pullback testing the 18 day MVA intraday and rallied back on low volume. Still in good shape. Meeting some resistance at 41.
HYSL 10/25 Cup hdl 35.75 -0.44 34.56 53.38 1.1M 874K 35.75
Current. Gapped down at the open and continued to move down below the 18 day MVA on stronger above average volume. May test back to 35.55. Came off the day's high of 36.13.
ISRG 12/19 Test 18 128.66 -2.43 116.25 126 777K 1.2M 126
Pullback on average volume. Meeting resistance at 130.
JCOM 01/11 DB hdl 46.99 -0.27 48.48 55.95 262K 769K 46.32
Buy Not Hit.
JEC 12/10 PreAnn 71.23 -0.56 66.75 75.95 235K 610K 71
JOSB 01/10 PreSplt 47.38 +0.56 49.55 56.98 320K 525K 47.89
Buy Not Hit. The stock has not made the move we were looking for so will drop.
LCAV 12/15 PreAnn 50.07 +0.65 50.28 61.32 290K 1M 47.92
Current.
LUK 11/07 Cup hdl 48.48 -0.41 44.86 52.95 233K 396K 47.85
Current. Pullback testing the 18 day MVA intraday and rallied back holding the 10 day MVA on rising, but average volume.
MATR 12/13 PreAnn 39.81 +0.58 41.36 46.98 129K 392K 39.48
Current.
MRVL 01/14 PreAnn 63.95 +0.99 64.38 74.95 5.9M 6.1M 62.11
Buy Not Hit.
MRVL 01/03 PreAnn 63.95 +0.99 58.97 66.95 5.9M 4.5M 62.31
Current. Gapped down to bounce off the 18 day MVA and rallied back for a nice gain on stronger above average volume. Moving up after testing the breakout.
MSCC 01/05 Test BO 29.32 -0.65 29.14 33.95 930K 900K 29.48
Current. Big gap down tapping 28.58 at the intraday low nad rallied back showing a doji just above the 18 day MVA on much stronger above average volume. Doji may indicate a change in pattern to the upside.
NBR 01/03 PreSplt 78.26 -1.17 79.26 88.95 2.2M 2.5M 77.48
Current. Pullback tapping 77.20 at the intraday low and rallied back to hold the 10 day MVA on lower below average volume. May continue to test back to 78.
NIHD 01/12 Test 18 47.51 +1 47.21 55.95 1.3M 2.1M 45.57
Current. Tested the 18 day MVA intraday and rallied back for a nice gain on rising, but average volume. Continue with the uptrend.
NOV 01/05 PreAnn 70.31 -0.89 69.37 79.45 1.7M 3M 69.95
Current.
ODP 01/10 PreAnn 32.03 +0.38 32.48 37.95 1.3M 2.7M 31.24
Buy Not Issued.
QSII 01/12 Test 50 80.31 -2.09 81.25 93.45 243K 414K 78.89
Buy Not Issued. Gapped down tapping 79.10 at the intraday low and rallied back to hold the 10 day MVA on below average volume. Came off the day's high of 82.38. Need to see a clear and decisive move on strong volume.
SLB 01/14 PreAnn 109.11 +0.61 109.45 125.45 5.3M 6M 105.48
Current.
SNDK 01/14 Test BO 70.64 -0.89 73.65 87.95 12M 21M 71.78
Buy Not Hit.
SNDK 12/20 DB hdl 70.64 -0.89 60.69 72.38 12M 20M 72.04
Current. Gapped down testing the 18 day MVA intraday low on below average volume. Should be ready to bounce from here.
STJ 01/06 Test 50 53.84 +0.01 52.92 61.45 1.6M 3.1M 52.89
Current. Continue to move up the 10 day MVA on lower below average volume.
SU 01/03 PreAnn 68.6 -1.3 64.88 73.95 3.5M 3.5M 67.65
Current.
SWN 12/22 Asc Tri 41.13 -0.64 37.92 45.55 3.3M 8M 35.88
Buy Not Issued. Gapped down at the open and continued to move down on average volume. May continue to test back to 40.70.
TALX 01/12 PreSplt 32.18 -1.05 52.88 60 1.4M 400K 50.98
Buy Not Hit. The stock has not made the move we were looking for so will drop. This may have been a shake out but we did not like the action on Tuesday. Will need to prove itself
TECH 01/09 PreAnn 59.13 -0.26 59.84 69.95 214K 379K 57.78
Current. Gapped down tapping 58.53 at the intraday low and rallied back on below average volume. May continue to test back to 10 day MVA (58.87)
TIE 01/07 Cup hdl 70.98 -2.27 73.89 84.95 676K 1.2M 71.44
Buy Not Issued. Pullback testing the 18 day MVA intraday and rallied back holding the 10 day MVA on lower below average volume. Still forming the handle.
TSCO 01/09 PreAnn 50.25 -0.87 55.25 63.55 523K 547K 53.55
Buy Not Hit. The stock has not made the move we were looking for so will drop.
UPL 01/03 PreAnn 64.4 -0.43 58.57 69.95 1.6M 3M 59.95
VIP 01/11 Asc Tri 47.15 -1.05 49.43 56.88 1.1M 900K 47.08
Current. Gapped down testing the 18 day MVA intraday and rallied back showing a tight doji on the 10 day MVA on lower, but strong volume. Should be ready to bounce from here.
VSAT 01/05 Cup hdl 26.57 +0.03 28.12 33.75 209K 272K 26.78
Buy Not Issued. The stock has not performed so will drop.
WIRE 01/07 PreAnn 25.54 -0.59 26.23 31.31 219K 502K 24.88
Current. Pullback testing the 18 day MVA intraday and rallied back to hold the 10 day MVA on below average volume. May continue to test the 18 day MVA (25.09)
WRES 01/12 Cup hdl 17.21 -0.51 17.73 21.38 367K 676K 16.57
Current. Pullback testing the 18 day MVA intraday and rallied back on rising, but average volume. May continue to test back to 10 day MVA (17.10)
XTO 01/03 PreAnn 45.4 -1.3 46.08 52.99 3.4M 5.2M 44.62
Buy Not Issued.
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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us stock market
trading system
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