us stock market, stock split

Begin part 3 of 3

THE PLAYS

Good movers: ALJ; DADE; GLD; AXE; VCLK

Tuesday night play results:
ATML: Dumped to the 50 day EMA on rising, average volume. Not exactly what we wanted to see.
ITG: Gapped higher on volume. Given the market we opted to let it test.
SVNT: Faded to the 10 day EMA on lower volume. Still in the pattern.
VLO: Still setting up the nice base for the break higher.

New Plays:

Upside:

Play Date: 07/12/2006
EZM (EuroZinc Mining--$2.57; -0.02; no options): Industrial metals
http://biz.yahoo.com/p/e/ezm.html
After Hours: $2.71
STATUS: Cup w/handle. A new issued in December 2005, EZM rallied well on its opening move through mid-May and has now formed a great 9 week base using the 50 day EMA (2.28) as support. Positive accumulation in the base as it consolidates shows ongoing demand for the shares. Was up after hours; if it gaps higher we will be patient and let it come back to test. That may take a day or so or it may give us the test intraday. We will look for it to come back to fill most of the gap and then when it starts back up we can move in. Nice pattern and gaps are typically tested so we want to be patient and let it give us the entry point.
Volume: 3.147M Avg Volume: 5.896M
BUY POINT: $2.69 Volume=7M Target=$3.65 Stop=$2.50
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ezm.html

Play Date: 07/12/2006
FIZ (National Beverage--$16.05; +0.90; optionable): Soft drinks (Shasta, Faygo, etc.)
http://biz.yahoo.com/p/f/fiz.html
STATUS: Double bottom w/handle. If nothing else the name is creative, and you can at least get a rise out of that. Great pattern, a 10 week textbook double bottom with handle that started the breakout move Wednesday. Excellent 4 to 0 accumulation (4 up price weeks on rising volume to 0 down price weeks on rising volume)) shows lots of buying as the market gets defensive. Ready for a new all-time high, and it can really move as well. What's more, it likes to split its stock at these low levels. Okay, we will take that.
Volume: 216.3K Avg Volume: 167.248K
BUY POINT: $16.27 Volume=251K Target=$19.62 Stop=$15.13
POSITION: FIZ JC - Oct. $15c (67 delta) &/or Stock
http://www.investmenthouse.com/cd/fiz.html

Play Date: 07/12/2006
JBHT (JB Hunt Transportation--$25.29; +0.01; optionable): Trucking
http://biz.yahoo.com/p/j/jbht.html
STATUS: Cup w/handle. JBHT has formed a 9 week base that is part of a larger 5 month ascending triangle. Nice pattern making higher lows, recently using the 50 day EMA (24.44) as support. Volume came into the stock the past two sessions as it tested toward the 50 day on the lows and rebounded right up to the breakout point. Solid leader ready to move higher, and just being patient for a strong break higher on continued strong volume.
Volume: 1.553M Avg Volume: 1.421M
BUY POINT: $25.95 Volume=2.1M Target=$31.00 Stop=$24.39
POSITION: JHQ KE - Nov. $25c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/jbht.html

Play Date: 07/12/2006
UTSI (Utstarcom--$7.68; -0.12; optionable): IP solutions
http://biz.yahoo.com/p/u/utsi.html
After Hours: $7.68
STATUS: Breakout test. UTSI was a darling in 2003 and in 2004, though in that second year it fell upon hard times. We remember many analysts talking about how they loved this stock as it churned lower and lower in a nasty downtrend. It finally managed to form a big 'W' bottom this year and broke higher in late June. Nice run higher from a smaller 6 week double bottom, and now testing that move, coming back to the 10 day EMA (7.57) this week. Nice test lower and recovery Tuesday on rising volume, then a low volume test Wednesday. Strong money flow is leading higher and we are looking for UTSI so surge up again and then we move in. It is still way down in the pattern and it is tech, but it is forgotten tech, having gone through a long correction.
Volume: 1.801M Avg Volume: 1.815M
BUY POINT: $7.89 Volume=2.5M Target=$9.50 Stop=$7.34
POSITION: UON KU - Nov. $7.50c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/utsi.html

SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.

AAPL, AKAM, CCJ, CELG, FLR, GME, MGPI, MRVL, NVDA, SGMS, WM

AKAM: It did not lick the log and undercut the 50 day EMA.

CCJ: Good volume as it tried higher but faded to flat. Nice action nonetheless.

CELG: Ignoring the market, using the selling to work a nice lateral consolidation.

GME: Time to set up a double bottom if it can.

NVDA: This stock just continues to amaze with how crappy its pattern is. Good company, just not its time (same as AAPL).

Good Investing!
Jon L. Johnson and The Daily 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.

us stock market
stock split