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us stock market, trading system
Begin part 2 of 2
We apologize for the late delivery this evening. We experienced a serious programming meltdown we had to work around.
THE PLAYS:
Good movers: Quite a few
New Plays:
New Post-split Play:
Play Date: 08/30/2006
SPIL (Siliconware Precision--$6.00; +0.17; optionable):
http://biz.yahoo.com/p/s/spil.html
After Hours: *
STATUS:
Volume: 1.901M Avg Volume: 1.399M
BUY POINT: $6.15 Volume=1.6M Target=$7.40 Stop=$5.75
POSITION: SRD LA - Dec. $5c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/spil.html
New buy point on current post-split position:
Play Date: 08/30/2006
QSII (Quality Systems--$39.63; -0.03; optionable): Healthcare information systems
http://biz.yahoo.com/p/q/qsii.html
STATUS: Test breakout. QSII is setting up for another buy after the strong move two weeks back. Nice test of the 18 day EMA (38.63) Tuesday and then a rebound. Solid leader and really like this test of near support and smart bounce. Want to see some volume come in as it breaks higher once more; that was lacking Wednesday.
Volume: 178.783K Avg Volume: 415.691K
BUY POINT: $40.05 Volume=425K Target=$45.00 Stop=$38.65
POSITION: QCR LH - Dec. $40c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/qsii.html
Play Date: 08/30/2006
SPIL (Siliconware Precision--$6.00; +0.17; optionable): Chip equipment
http://biz.yahoo.com/p/s/spil.html
STATUS: Double bottom w/handle. Forming a nice pattern the past four months as part of a larger 8 month base, the first four months tried the breakout but failed, and now the second part of the pattern, kind of a base on base where the sellers are really wrung out. Good volume the past week as SPIL tested the 50 day EMA (5.58) and then jumped higher. Nice price and volume move Wednesday, and SPIL looks ready to make the breakout move.
Volume: 1.901M Avg Volume: 1.399M
BUY POINT: $6.15 Volume=1.6M Target=$7.40 Stop=$5.75
POSITION: SRD LA - Dec. $5c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/spil.html
New Pre-Announcement Play:
Play Date: 08/30/2006
TRMB (Trimble Navigation--$49.95; +1.14; optionable): GPS, etc.
http://biz.yahoo.com/p/t/trmb.html
After Hours: $49.90
STATUS: Test 50 day EMA. After a good pattern and breakout in August, TRMB got the dips two weeks back and shook us out of our position. It held the 50 day EMA (46.78) and rebounded, showing some solid volume Monday and Wednesday. Looking to step in as TRMB clears the early August high.
Volume: 557.954K Avg Volume: 441.064K
BUY POINT: $50.42 Volume=625K Target=$57.98 Stop=$48.39
POSITION: TUH BJ - Feb. $50c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/trmb.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
http://stocksplits.net/ssr/table.php
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
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 08/21 Cup hdl 66.96 +0.48 68.12 78.00 24M 40M 66.21
Current. Gapped up at the open, but gave it back to hold the 10 day MVA on lower below average volume. Still in good shape.
AEOS 08/10 Cup hdl 37.18 +0.46 35.46 42.45 2.6M 2.5M 35.78
Current. Tested the 10 day MVA and rallied back on slightly above average volume. Moving up after testing the 18 day MVA. Trading higher after hours due to August same store sales are up.
AGN 07/25 PreAnn 114.82 -0.15 109.32 117.50 544K 1.5M 112.88
Current. Gapped up at the open, but gave it back on low volume. Still in uptrend.
AMX 08/03 Cup hdl 38.72 +0.34 36.58 43.00 5M 6.5M 37.46
Target Hit. Continued its move off the 18 day EMA on lower but still above average volume, clearing the August high.
APH 08/14 DB hdl 57.96 +0.03 58.95 67.00 374K 800K 57.55
Current. Still working laterally over the 18 day EMA, forming the handle and not, not participating in the move.
ASMI 08/26 Cup hdl 17.44 +0.06 17.55 20.97 102K 285K 16.95
Buy Not Issued. Still forming the handle. Looking for the breakaway move on strong volume.
BAM 08/22 Asc Bse 44.64 +0.54 44.26 50.95 282K 450K 42.89
Buy Not Issued. The stock has not made the move we were looking for so will drop.
BRCM 08/21 Test 50 30.12 +1.10 29.54 36.00 16M 20M 28.78
Entered today. Nice bounce off the 10 day MVA on much stronger volume.
CAM 08/19 Test 50 48.16 -1.29 49.45 56.50 1.8M 2.4M 48.88
Current. Pullback tapping 47.47 at the intraday low and rallied back managing to hold the 50 day MVA. Looking for a rebound from here.
CERN 08/23 DB hdl 46.36 +0.22 46.58 53.55 453K 1.4M 44.62
Buy Not Issued. Still forming the handle. Moving up on rising volume but will need to see more volume on upside move.
CHAP 08/29 PreSplt 71.11 -0.63 72.05 79.00 294K 500K 69.92
Buy Not Issued. Ease back testing the 10 day MVA intraday and rallied back on low volume closing flat. Still in the pattern.
CPRT 08/24 PreAnn 27.86 +0.28 27.72 32.95 385K 550K 26.45
Buy Not Issued. If it can continue the move we will open some positions but not loading the boat ahead of the holiday.
CTRP 08/26 Cup 51.94 -0.05 51.65 57.89 115K 601K 50.00
Current. Doji on low volume, taking the day off.
CTSH 08/19 PreAnn 70.60 +0.05 71.11 79.00 790K 1.8M 68.22
Buy Not Issued.
CTSH 07/28 PreAnn 70.60 +0.05 66.12 77.95 790K 2.4M 68.45
Current. Still in the pattern. Testing the 10 day MVA intraday and rallied back on low volume
CVD 08/26 Asc Bse 63.94 +0.43 63.89 71.88 128K 732K 62.22
Buy Not Issued. Volume not there to enter the play. If stock continues the move tomorrow on strong volume will still be a buy.
CXW 08/26 PreSplt 62.60 -0.71 63.22 68.75 398K 405K 62.18
Buy Not Issued. The stock has not performed so will drop.
DHR 08/22 PreAnn 66.81 -0.46 67.05 74.95 1.8M 2M 65.15
Current. Tapped 67.72 at the intraday high, but gave it back on lower, but strong volume. May come back to test the 10 day MVA (66)
DIOD 08/15 Test 20 38.25 +0.67 39.88 43.95 210K 380K 38.00
Current. Tested the 50 day SMA again and rebounded but having a struggle.
DRIV 08/24 Test BO 49.12 +0.94 47.86 54.75 784K 1.2M 47.45
Target Hit. Hit interim target. Testing the 10 day MVA and rallied back for a great move on below average volume.
DRQ 08/07 Asc Bse 76.95 -2.32 87.12 99.85 480K 675K 82.04
Exited. Still struggling. Will let it set up and then see if it can bounce off the trendline with more strength.
DRQ 07/28 PreAnn 76.95 -2.32 81.88 94.00 480K 636K 81.95
Exited.
DVA 08/24 PreAnn 58.32 -0.39 57.55 65.95 304K 1.1M 57.00
Fading back on low volume in a good test. Nice. Will let it come back and then look at more upside.
ECL 07/18 PreAnn 44.72 -0.08 41.39 47.65 730K 1.2M 43.57
Current. More volatile session tapping 45.44 at the intraday high, but gave it back to close flat on lower below average volume. Still in good shape.
ESRX 08/10 PreAnn 83.33 +1.68 83.42 94.90 1.6M 2M 81.31
Buy Not Issued. Gapped up at the open, but gave some of it back on rising, but average volume. Need to see a clear and decisive move on strong volume.
FTO 07/13 Test BO 34.61 -0.65 33.25 39.95 3.5M 3.5M 35.11
Trailing Stop.
FTO 06/29 Dbl btm 34.61 -0.65 30.84 37.00 3.5M 3.5M 35.11
Trailing Stop. Struggled again. If it comes back to the 50 day EMA (33.50) we can get some more upside as it rebounds in its trend.
GILD 06/01 PreAnn 63.46 -0.58 60.97 70.95 235K 7M 62.78
Current. Pullback holding the 10 day MVA on low volume. Looking for a rebound from here.
LH 05/30 PreAnn 68.33 -0.17 61.31 71.00 1.2M 1M 67.35
Target Hit. Took the money off the table. Pullback on lower, but strong volume holding above the 10 day MVA.
LUFK 08/09 PreAnn 63.57 -1.40 63.95 76.00 131K 225K 61.39
Buy Not Issued. Pullback on below average volume holding the 10 day MVA. Still in the pattern.
MOLX 08/28 Cup hdl 37.16 +0.05 36.72 40.95 548K 550K 36.25
Current. Took an interim gain.
MOLX 08/10 Test 50 37.16 +0.05 34.72 40.95 548K 625K 36.44
Target Hit.
MTW 08/26 Dbl btm 42.41 -0.94 44.55 52.95 646K 1.8M 42.22
Buy Not Issued. Stock has not performed so will drop.
MW 08/28 Test BO 36.40 +0.50 35.89 41.35 633K 650K 35.41
Current.
NBL 07/13 DB hdl 48.99 -0.95 49.30 59.45 1.6M 2.5M 49.32
Exited.
NVDA 08/23 Test BO 29.22 +0.59 26.58 31.00 11M 10M 28.32
Target Hit. Continue to move up the 10 day MVA for a nice gain on slightly above average volume. Took an interim gain.
NVDA 08/08 Test 20 29.22 +0.59 25.45 31.00 11M 12M 28.32
Target Hit.
PDS 08/19 DB hdl 36.25 -0.79 36.98 42.90 422K 888K 36.38
Current. Gapped up at the open, but then gave it all back and then some tapping 35.82 at the intraday low. Managed to hold the 18 day MVA on average volume. Should hold here.
PLMD 08/28 Cup hdl 41.02 +0.58 39.68 45.75 308K 423K 39.78
QSII 08/09 Test BO 39.63 -0.03 37.45 45.00 154K 500K 39.00
Current. Showing a doji on low volume. Typical pullback after nice run.
RAI 08/03 PreSplt 64.63 +0.22 62.93 67.43 1.5M 675K 64.00
Trailing Stop.
SHOO 08/03 Cup hdl 35.92 -0.59 34.85 41.50 155K 584K 35.30
Current. Gapped up at the open, but gave it back on low volume. Still in good shape.
TZOO 08/17 Dbl btm 31.23 -4.10 32.04 36.72 1.7M 700K 33.15
Current. Downgraded to sell and gapped lower. Not a lot you
can do with that move and it held above the 50 day
EMA (30.65) on the close so will see if it can get
a rebound going.
VAR 08/29 DB hdl 52.38 -0.51 53.15 59.95 683K 1.5M 51.95
Buy Not Hit.
VIP 08/21 Cup hdl 54.45 +0.13 50.88 58.50 2.1M 1.2M 52.22
Showing a doji on lower, but strong volume. Continue with uptrend.
VSEA 08/22 DB hdl 36.02 +0.50 35.36 41.50 720K 1.2M 34.78
Current.
WFR 08/19 Dbl btm 38.40 +1.39 36.44 43.00 4.6M 5.5M 37.54
Current.
WYNN 08/29 PreAnn 75.75 -1.36 77.65 88.00 1.3M 1.2M 75.00
Buy Not Hit.
XTO 08/29 PreAnn 46.14 0.00 47.25 54.00 2.3M 5.5M 45.95
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CRI 08/24 Put 23.13 +0.02 21.84 19.80 378K 850K 22.55
Current. Hold at some resistance above the 18 day MVA on low volume. Looking for stock to begin to move down from here.
EXPD 08/24 Put 39.46 +0.02 38.88 36.55 1.4M 2.2M 39.35
Current. Tested the 10 day MVA intraday, but faded back showing a doji on low volume. Still in downtrend.
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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