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us stock market, stock split
Begin part 2 of 2
THE PLAYS
Good movers: CHRT; LEH
NEW PLAYS:
Upside plays:
Play Date: 04/27/2006
DIA (Diamonds Trust (DJ30)--$113.77; +0.38; optionable): Financial services ETF
http://biz.yahoo.com/p/d/dia.html
After Hours: $113.68
STATUS: Test 18 day EMA. DIA broke higher late last week and has moved laterally since, holding above the 10 and 18 day EMA (112.93, 112.54). Thursday DIA gapped lower on the China news and then surged on the Bernanke news. Volume surged. Looking to move in as DIA continues higher. A move to the target lands us a 52%ish gain.
Volume: 14.549M Avg Volume: 6.82M
BUY POINT: $114.02 Volume=7.2M Target=$117.25 Stop=$112.42
POSITION: DIA GI - July $113c (60 delta)
http://www.investmenthouse.com/ct/dia.html
Play Date: 04/27/2006
DXPE (DXP Enterprises--$38.56; +3.79; no options): Industrial equipment
http://biz.yahoo.com/p/d/dxpe.html
After Hours: $38.38
STATUS: Breakout test. DXPE already made us some solid gain in its March run following the breakout from its 5.5 month base. After that initial run form 25 to 38, it has moved laterally the past 4 weeks, holding the 18 day EMA (34.84) the past two weeks as it sets up to continue the run after consolidating the nice breakout move. Looks as if the consolidation is over; Thursday DXPE broke higher on strong trade, gapping and then filling the gap intraday. Looking for a continued move higher to start the play.
Volume: 498.591K Avg Volume: 243.673K
BUY POINT: $38.82 Volume=300K Target=$46.60 Stop=$36.12
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/dxpe.html
Play Date: 04/27/2006
QUIK (Quicklogic--$6.15; +0.45; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/q/quik.html
STATUS: Test 50 day EMA. QUIK has set up to make us some more money. A relatively unknown chip stock showing good action this year as much of the sector struggled. Nice break higher in late March from an 11 week ascending base. It made a pretty big test of the move, coming back from 6.50 to the 50 day EMA (5.54), but holding the breakout. After tapping that level on the Wednesday low, QUIK blasted higher as it reported a smaller loss than expected. Looking to step in as QUIK continues the rebound.
Volume: 748.516K Avg Volume: 253.211K
BUY POINT: $6.26 Volume=325K Target=$7.55 Stop=$5.85
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/quik.html
New buy point on current position
Play Date: 04/27/2006
LEH (Lehman Brothers--$156.01; +2.82; optionable): Brokerage. Splits 2:1 on 5-1
http://biz.yahoo.com/p/l/leh.html
STATUS: Test breakout. LEH splits on Monday, but it started to run Thursday on Bernanke's pause. WE are looking to add positions as it moves into the split as we believe LEH is going to continue running on through the actual split.
Volume: 3.198M Avg Volume: 2.155M
BUY POINT: $156.65 Volume=2.4M Target=$170.00 Stop=$153.00
POSITION: LES GK - July $155c (59 delta)
http://www.investmenthouse.com/ct/leh.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
ADS 04/12 DB hdl 55.03 -0.87 48.25 56.95 2.1M 750K 54.00
Current.
AL 04/22 Test BO 51.05 -1.58 52.72 62.90 3M 2M 50.55
Buy Not Issued.
AMLN 03/16 Rv H&S 44.51 -0.78 46.22 53.95 8.4M 2M 47.68
Exited.
AMT 04/19 DB hdl 34.23 -0.42 32.97 37.95 2.9M 3M 33.00
Current. Gapped up at the open, but gave it back on much lower below average volume. May fill the gap from yesterday's huge gap up.
ANSS 04/10 PreAnn 57.40 +0.66 53.20 61.25 332K 325K 55.05
Current.
AQNT 04/22 Cup 24.96 -0.24 27.15 32.95 874K 2.2M 25.25
Buy Not Hit. Gapped down tapping 24.33 at the intraday low and rallied back showing a tight doji on the 18 day MVA on low volume. Still in the pattern. Should be ready to bounce from here.
BOOM 04/01 Asc Bse 37.15 -5.79 42.79 50.50 2.1M 1.2M 39.98
Current.
CHRT 04/14 Test BO 11.71 +0.21 10.10 12.42 859K 225K 11.24
Current.
CLDN 04/22 Test BO 26.95 -0.04 26.25 31.95 92K 379K 25.12
Buy Not Issued.
CRED 04/22 Cup hdl 23.97 -1.58 26.78 32.00 63K 153K 24.95
Buy Not Hit. Stock has not performed so will drop.
CTSH 04/26 Test BO 63.34 +0.64 64.11 73.95 1.2M 1.4M 61.32
Entered today.
CTXS 01/25 Test BO 39.90 -0.50 31.05 36.95 2.2M 3M 40.00
Current. Pullback showing a doji on the 10 day MVA on average volume. Testing the breakout. Should be ready to rebound from here.
CTXS 01/04 Test BO 39.90 -0.50 30.05 35.95 2.2M 2.2M 40.00
Current.
CYMI 04/25 Test BO 51.70 +0.27 52.65 62.00 1.5M 1.5M 50.11
Entered today.
CYMI 04/03 Dbl btm 51.70 +0.27 48.12 57.45 1.5M 1.3M 50.11
Current. Bounced holding the 10 day MVA on stronger above average volume. Came off the day's high of 52.89. Ready to move up after testing the breakout.
DIOD 04/18 Asc Bse 40.79 -0.83 41.25 49.50 212K 498K 39.78
Entered today. Lured us in as stock made a pullback managing to hold the 18 day MVA on rising volume. Should get a bounce from here.
EGO 04/26 Cup hdl 5.06 -0.10 5.42 6.78 1M 1.8M 5.04
Buy Not Hit.
EGY 04/06 Rv H&S 7.04 -0.49 7.29 8.97 1.2M 1M 7.35
Current.
ENER 04/17 DB hdl 50.24 -1.17 51.63 61.00 922K 1.8M 50.85
Current. Ease back on lower below average volume testing the 18 day MVA intraday and rallied back on low volume. May continue to test the breakout back to 18 day MVA (49.55)
FORM 03/29 Flat 40.05 -2.24 40.88 47.88 3.1M 1.1M 42.25
Exited.
GFIG 04/14 DB hdl 56.85 -0.19 58.83 68.95 81K 360K 57.15
Current.
GG 03/20 Asc Bse 33.32 -1.32 28.32 33.98 5.8M 5.6M 32.78
Current. Tapped 34.93 at the intraday high, but gave it back on stronger above average volume. May continue to test back to 10 day MVA (32.50)
GLG 04/12 Test BO 36.81 -2.39 36.59 43.72 2.6M 1.8M 37.21
Current. Pullback holding the 10 day MVA on very strong volume surge. Came off the day's high of 39.05. Testing the breakout. May test back to 36.
GLW 04/26 Test 18 28.25 -0.15 28.69 34.00 8.7M 12M 27.32
Buy Not Hit. Ease back on lower below average volume. Still in the pattern.
GOOG 04/26 Test BO 420.03 -5.94 428.00 465.00 8.2M 15M 423.75
Buy Not Hit.
INFA 04/01 DB hdl 15.80 -0.05 16.44 19.84 1.2M 3.4M 15.78
Current. Beginning to make a lateral move along the 18 day MVA on low volume.
ITRI 03/27 Test BO 69.18 +0.33 62.36 73.75 460K 775K 66.65
Current. Continue to trend higher on average volume.
LEH 04/04 PreAnn 156.01 +2.82 150.12 169.00 3.2M 3M 154.00
Current. Tested the 18 day MVA intraday and rallied back for a nice gain on excellent volume surge. Broke through some resistance at 155.
LMIA 04/24 Test BO 17.85 -1.01 19.38 23.50 134K 163K 18.02
Buy Not Issued. The stock has not performed so will drop.
MANT 04/17 Test BO 33.70 +0.22 32.77 38.95 178K 400K 32.48
Current. Continue to move up the 10 day MVA on rising, but average volume after testing the 18 day MVA.
MCHP 04/03 Cup 37.74 +0.44 37.56 43.95 2.9M 2M 36.57
Current. Gapped down to open on the 18 day MVA and rallied back on strong volume. Continue with uptrend.
MFLX 04/17 Test 50 56.99 -1.02 61.49 70.95 652K 550K 59.95
Current. Tapped 60.21 at the intraday high (10 day MVA), but gave it back showing a doji just under the 50 day MVA on stronger above average volume. Will let test back to 55, but will need to hold here.
MGI 02/22 DB hdl 34.05 -0.02 28.69 33.98 339K 550K 34.22
Current. Filling the gap. Tested the 10 day MVA intraday and rallied back on low volume. came off the day's high of 34.75.
MPWR 04/08 Cup hdl 18.40 -0.30 18.55 22.95 62K 285K 17.25
Buy Not Issued.
NETL 03/25 Asc Bse 38.00 -2.59 39.48 47.32 901K 564K 41.81
Current. Pullback on stronger above average volume managing to hold the 50 day MVA. Needs to hold here.
NIHD 04/24 Test BO 58.17 -2.60 59.75 68.50 2.7M 1.8M 57.32
Buy Not Issued. Stock has not made the move we were looking for so will drop.
NTES 04/19 Test BO 21.57 -1.20 24.05 28.88 4.1M 4.7M 22.37
Buy Not Hit. Stock has not made the move we were looking for so will drop.
NTRI 04/14 DB hdl 69.21 +0.93 47.19 56.00 1.4M 1.5M 67.00
Current. Continue to move up the 10 day MVA on average volume.
NURO 04/10 Asc Bse 38.50 -0.54 39.65 47.55 58K 248K 37.11
Buy Not Issued. Pullback showing a doji under the 10 day MVA on low volume. Still in the pattern.
OTEX 04/26 Dbl btm 17.68 -0.16 18.05 21.69 200K 265K 16.89
Buy Not Hit.
PLLL 04/10 Cup 22.31 -1.01 21.55 25.88 350K 565K 22.57
Current. Volatile session. Gapped down tapping 21.56 at the intraday low and rallied back on low volume. May continue to test back to 18 day MVA (22)
QCOM 03/08 Rv H&S 52.03 +0.95 50.91 59.95 12M 19M 50.89
Current. Nice move up the 10 day MVA on rising, but average voume. Meeting some new resistance at 52.
RADN 04/24 DB hdl 15.75 -0.39 16.80 20.15 215K 304K 16.00
Current.
RYI 04/24 Cup hdl 28.72 -1.78 31.25 37.55 603K 650K 29.12
Current. Gapped down at the open and continued to move down testing the 18 day MVA intraday on stronger above average volume. May continue to test back to 18 day MVA (28.45)
SMSI 04/12 Test 18 12.31 -0.88 12.29 14.79 1.4M 400K 12.21
Current. Pullback testing the 18 day MVA intraday and rallied back managing to hold the 10 day MVA on very strong volume surge. May continue to test back to 18 day MVA (12)
SPIL 04/26 Rv H&S 7.22 -0.18 7.51 9.11 1.8M 2.2M 6.98
Buy Not Hit. Still in the pattern.
TFSM 04/24 Test BO 10.28 +0.26 11.00 13.25 716K 1.4M 10.32
Buy Not Hit. Bounced on rising volume. Still in the pattern.
TRID 03/07 Test 18 27.73 -2.43 29.31 35.35 5.3M 2M 29.32
Exited.
VSH 04/25 Cup hdl 15.69 +0.02 16.32 19.95 923K 2M 15.32
Buy Not Hit. Tested the 18 day MVA intraday and rallied back on low volume. Still forming the handle.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMD 04/26 Put 32.80 0.00 32.45 30.65 12M 18M 33.12
Entered today. Showing a doji on the 10 day MVA on below average volume. Came off the day's low of 32.15. Still in downtrend.
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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us stock market
stock split
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