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Begin part 2 of 2

THE PLAYS

Good movers: MOLX; NVDA; PLCM; PLMD; PRXL; BRLI

NEW PLAYS:

Upside plays:

Play Date: 08/29/2006
STXS (Stereotaxis--$10.99; +0.29; optionable): Medical appliances
http://biz.yahoo.com/p/s/stxs.html
STATUS: Test 200 day SMA. STXS is in a 7.5 month cup base, rallying off a higher low in mid-August and surging through the 200 day SMA (10.44) on strong volume. It spent last week testing the move, coming back to tap at that support. Monday it bounced on strong, above average volume, coming off the support nicely. Money flow is flying higher ahead of price and STXS looks ready to follow it with a nice quick upside move.
Volume: 466.3K Avg Volume: 310K
BUY POINT: $11.21 Volume=425K Target=$13.45 Stop=$10.48
POSITION: UQS LB - Dec. $10c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/stxs.html

Downside:

Play Date: 08/29/2006
CBK (Christopher & Banks--$25.42; -0.24; optionable): Apparel stores
http://biz.yahoo.com/p/c/cbk.html
STATUS: Put. CBK formed a broad top June through mid-August, then broke sharply lower Thursday on a strong shot of volume, breaking through the 90 day MA (27.23) that had propped it up in July and early August. Modest bounce on low volume Monday then a turn back down modestly Tuesday on a strong shot of volume. Looks ready to crash lower once more. A move to the target lands us a 40%ish gain.
Volume: 746.4K Avg Volume: 515.943K
BUY POINT: $25.28 Volume=515K Target=$23.65 Stop=$25.69
POSITION: CBK VE - Oct. $25p (-38 delta)
http://www.investmenthouse.com/ct/cbk.html

Play Date: 08/29/2006
JCP (J.C. Penney--$63.96; -0.37; optionable): Department stores
http://biz.yahoo.com/p/j/jcp.html
STATUS: Double top. JCP is one of the department stores that has reshaped itself and enjoyed a lot of success in 2005 and early 2006. It formed twin peaks spanning July and August, however, and start to slide the past week and one-half. It fell to some support at 64 the past few sessions on a big jump in volume as it tries to hang on. Money flow is diving lower, however, and JCP has a date down near the 200 day SMA (60.74). A move to the target lands a 40%ish gain.
Volume: 5.281M Avg Volume: 2.768M
BUY POINT: $63.87 Volume=2.8M Target=$61.35 Stop=$64.25
POSITION: JCP VM - Oct. $65p (-50 delta)
http://www.investmenthouse.com/ct/jcp.html

CONTINUING PLAY TABLE:

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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.

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
ABAX 08/02 Asc Bse 24.22 +0.33 23.30 27.75 218K 637K 23.00
Current. Tested the 10 day MVA intraday and rallied back as sock continues with the uptrend on average volume.

AMX 07/24 Rv H&S 38.38 +0.60 36.12 43.00 5.4M 6.5M 36.98
Current.

APH 08/14 DB hdl 57.93 -0.72 58.95 67.00 424K 800K 57.55
Current.

ARD 08/22 Test BO 39.98 -0.66 39.11 44.75 235K 250K 39.25
Current.

ARD 07/29 Cup hdl 39.98 -0.66 36.93 34.89 235K 252K 39.25
Current.

BRCM 08/21 Test 50 29.02 +0.32 29.45 36.00 11M 20M 28.08
Buy Not Hit. Tested the 50 day MVA intraday and rallied back showing another doji on rising, but below average volume. Looking for the breakaway move on strong volume.

BRKS 08/21 Test 20 13.81 +0.12 14.12 17.50 706K 900K 13.33
Buy Not Hit.

COHR 08/22 DB hdl 35.98 +0.49 36.74 43.00 360K 350K 35.15
Buy Not Hit. Bounced off the 10 day MVA on very strong volume surge. Looking good. Still in the pattern.

DRIV 08/24 Test BO 48.18 +0.51 47.86 54.75 951K 1.2M 46.15
Current.

DRIV 08/05 DB hdl 48.18 +0.51 45.72 57.50 951K 1.2M 46.89
Current. Tested the 10 day MVA and rallied back on rising, but average volume. Moving up after testing the breakout.

FORM 08/19 Rv H&S 46.33 +0.43 46.55 55.00 537K 1.3M 44.44
Current. Tested the 10 day MVA intraday and rallied back showing a tight doji on low volume. Doji may indicate a change in pattern for next move up.

FSL 08/10 Test 50 30.33 +0.42 29.70 33.95 1.2M 2.5M 29.12
Current. Tested the 10 day MVA intraday and rallied back on low volume. Moving up after testing the 50 day MVA.

GILD 07/12 Cup hdl 64.04 -0.43 63.87 74.95 2.8M 7M 62.78
Current. Pullback tapping 63.21 at the intraday low and rallied back on rising, but below average volume. Still in uptrend.

HITT 08/22 Test BO 44.60 +0.73 41.05 47.95 629K 400K 41.95
Current.

HITT 08/14 Asc Bse 44.60 +0.73 38.57 44.95 629K 400K 41.95

HLEX 08/26 Cup 29.95 +0.04 30.31 36.00 556K 300K 28.54
Buy Not Hit. Showing a doji on very strong volume surge. Meeting some resistance at 30.

HMSY 07/22 Asc Bse 13.72 -0.14 11.85 13.85 428K 225K 13.11
Current. Pullback tapping 13.37 at the intraday low and rallied back on lower, but strong volume. May continue to test back to support at 13.37.

IDXX 08/28 BO 91.40 -0.27 92.24 99.00 355K 155K 89.65
Entered today. Looked like this was going to be our breakaway move. Tapped 92.40 at the intraday high, but gave it back on very strong volume surge. Will watch closely may pullback to test the 10 day MVA.

IIG 08/28 Asc Bse 13.32 -1.58 15.12 18.25 450K 168K 14.44
Buy Not Hit. Stock has not made the move we were looking for so will drop.

INFA 08/26 Rv H&S 14.58 0.00 14.71 16.95 872K 2M 13.68
Buy Not Hit.

LH 06/13 Test BO 68.50 0.00 61.32 71.44 1.4M 1M 67.35
Current. Tested the 10 day MVA intraday and rallied back showing a tight doji on very strong volume surge. Doji may indicate stock is ready for a rest.

LUFK 08/09 PreAnn 64.97 +2.17 63.95 76.00 128K 225K 61.39
Buy Not Issued. Bounced off the 18 day MVA on rising, but not enough volume to enter the play. Will let test back.

MOLX 08/28 Cup hdl 37.11 +0.83 36.72 40.95 1.2M 550K 36.25
Entered today. Another great move on excellent volume surge.

MOLX 08/10 Test 50 37.11 +0.83 34.72 40.95 1.2M 625K 36.44
Current.

MVSN 08/28 DB hdl 23.62 +0.51 23.65 26.75 670K 990K 22.48
Buy Not Hit.

NGPS 08/12 Test BO 45.49 -0.11 41.48 48.88 147K 190K 44.45
Current.

NITE 07/29 Cup hdl 16.87 -0.29 16.68 19.98 1.3M 2M 16.45
Current. Pullback testing the 10 day MVA intraday and rallied back on average volume. Moving up after testing the 18 day MVA.

NVDA 08/23 Test BO 28.63 +1.24 26.58 31.00 12M 10M 27.48
Current. Nice move up the 10 day MVA on above average volume. Moving up after testing the 10 day MVA.

NVDA 08/08 Test 20 28.63 +1.24 25.45 31.00 12M 12M 27.48
Current.

NVLS 08/23 Rv H&S 27.51 +0.22 27.15 30.92 5.3M 2.9M 26.57
Current.

PETD 08/22 Cup hdl 42.23 -0.64 42.81 53.95 346K 182K 42.38
Current. Gapped down to hold the 18 day MVA on very strong volume surge. Came off the day's high of 43.20. Should hold here.

PLCM 08/22 Test BO 24.38 +0.55 24.24 28.45 907K 1.4M 23.38
Entered today. Explosive move on much stronger, but below average volume.

PLMD 08/28 Cup hdl 40.44 +1.15 39.68 45.75 237K 423K 38.55

PRXL 08/19 Test BO 33.55 +1.73 32.24 36.95 514K 285K 31.87
Entered today.

QSII 08/09 Test BO 39.66 +0.87 37.45 45.00 271K 500K 39.00
Current. Tested the 18 day MVA intraday and rallied back for a nice gain on average volume. Making higher lows as stock continues with the uptrend.

RTEC 08/26 Test BO 17.67 +0.33 17.31 20.75 146K 500K 16.44
Buy Not Issued.

SEIC 08/14 Asc Bse 50.86 -0.13 50.72 58.50 411K 750K 51.31
Current. Pullback testing the 18 day MVA intraday and rallied back holding the 10 day MVA on rising, but below average volume. Moving up after testing the breakout.

SPY 08/26 DB hdl 130.58 +0.15 130.28 132.60 62M 80M 129.60
Current.

TYL 08/12 Test BO 13.07 -0.04 12.38 14.85 412K 210K 12.89
Current.

TZOO 08/17 Dbl btm 35.33 +0.11 32.04 36.72 1M 700K 33.15
Current.

VARI 08/21 Test BO 47.60 +1.01 45.94 52.95 305K 265K 46.00
Current. Tapped 46.29 at the intraday low and rallied back for a great move on excellent volume surge making a 52 week high.

WEBX 08/22 Test BO 37.00 +0.04 36.64 41.95 949K 690K 36.05
Current. Tapped 36.30 at the intraday low and rallied back showing a doji on very strong volume surge. Looking for stock to continue with uptrend.

WEBX 08/15 Asc Bse 37.00 +0.04 35.20 41.95 949K 725K 36.05
Current.

WYNN 08/23 DB hdl 77.11 +1.50 75.96 82.50 1.2M 1.2M 74.89
Current.

XLE 08/17 Test 50 56.97 -0.36 57.44 62.95 13M 26M 57.89
Exited.

Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BRLI 08/26 H&S 20.00 -1.06 20.94 19.15 354K 200K 20.32

EXPD 08/24 Put 39.44 -0.77 38.88 36.55 1.8M 2.2M 39.35
Current. Moving down the 10 day MVA on rising volume. Came off the day's low of 38.55

JBLU 08/19 Put 10.41 +0.15 10.21 9.50 2.7M 4.5M 10.25
Current. Bounced on the lower oil prices, but again closed well
off the high. Holding the 18 day EMA (10.36) & if does
not break back thru that level we will close it.

JEF 08/24 Put 24.23 -0.07 24.15 22.10 628K 895K 24.55
Current. Beginning to make a lateral move below the 10 day MVA on rising, but below average volume. 10 day MVA moving down to meet the stock.

NUAN 08/14 Put 7.55 +0.02 7.84 6.65 1.9M 2.2M 7.68
Current. Making lateral move on average volume just below the 10 day MVA.

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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