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us stock market, stock market investment
Begin part 3 of 3
*NOTE: Part 2 follows part 3 tonight.
THE PLAYS
Upside:
Play Date: 07/31/2007
RESP (Respironics--$45.75; -0.56; optionable): Medical appliance
http://biz.yahoo.com/p/r/resp.html
EARNINGS: Announced 7-25-07
STATUS: Breakout test. RESP surged higher last week on its earnings, moving out 7 month ascending triangle that formed using the 50 day EMA as support. The move took RESP to a new high and now it is making the obligatory test, using the market weakness to test and set up the continuing breakout move. Very solid, very nice.
Volume: 511.794K Avg Volume: 283.372K
BUY POINT: $45.95 Volume=400K Target=$52.75 Stop=$44.62
POSITION: RBQ JI - Oct. $45c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/resp.html
Play Date: 07/31/2007
SPN (Superior Energy--$40.32; +0.60; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/spn.html
EARNINGS: 7-30-07
STATUS: Ascending base. Good earnings shot SPN higher and over its mid-June high. With this market, however, it could not hold the move. Very nice 10 week base has formed over the 50 day EMA with a tap at the 90 day SMA on Monday and a good recovery. Excellent pattern and looking for SPN to reload and break higher again, giving us a breakout that holds; a superior move.
Volume: 2.078M Avg Volume: 983.772K
BUY POINT: $41.88 Volume=1.5M Target=$48.22 Stop=$39.22
POSITION: SPN LH - Dec. $40c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/spn.html
Downside:
Play Date: 07/31/2007
AEO (American Eagle Outfitters--$24.26; -0.59; optionable): Teen apparel stores
http://biz.yahoo.com/p/a/aeo.html
EARNINGS: 8-21-07
STATUS: Put. A big umbrella top has formed the past 10 months. After a last desperate attempt to break higher to start July AEO failed. Dumped lower last week, tried to recover Monday and then add to it Tuesday with a gap higher. As with most gaps Tuesday, however, AEO failed and rolled over on big volume. Looking to move in on a further move downside. A move to the target lands a 43%ish gain.
Volume: 5.325M Avg Volume: 3.435M
BUY POINT: $24.11 Volume=3.5M Target=$22.35 Stop=$24.89
POSITION: AEO UE - Sept. $25p (-50 delta)
http://www.investmenthouse.com/cd/aeo.html
Play Date: 07/31/2007
DIA (Diamonds Trust (DJ30)--$132.17; -1.37; optionable)
http://biz.yahoo.com/p/d/dia.html
STATUS: Put. Struggling to hold some support the past four sessions. If it does not hold we are looking to play the Dow down toward the 200 day(127.60). A move to that target lands a 35%ish gain.
Volume: 23.254M Avg Volume: 15.057M
BUY POINT: $131.94 Volume=20M Target=$129.00 Stop=$132.55
POSITION: DAW UB - Sept. $132p (-45 delta)
http://www.investmenthouse.com/cd/dia.html
Play Date: 07/31/2007
FNM (Fannie Mae--$59.84; -1.11; optionable): Mortgage services
http://biz.yahoo.com/p/f/fnm.html
STATUS: Put. FNM formed a head and shoulders from May to July. It broke lower last week, on strong, above average volume. Friday it tried to make the rebound, failing at the 90 day SMA. It continued higher this week with a gap upside and another test of the 90 day SMA on the Tuesday high. It rolled over and fell to the 200 day SMA on the close with some high volume. Looking for a break below the 200 day (59.84) to move in for the downside play. A move to the target lands a 42%ish gain.
Volume: 10.157M Avg Volume: 4.718M
BUY POINT: $59.38 Volume=5M Target=$56.35 Stop=$60.65
POSITION: FNM UL - Sept. $60p (-50 delta)
http://www.investmenthouse.com/cd/fnm.html
Play Date: 07/31/2007
NITE (Knight Trading--$14.14; -0.31; optionable): Investment brokerage
http://biz.yahoo.com/p/n/nite.html
STATUS: Put. NITE broke lower from a broad 9 month head and shoulders top in last week, clearing the March lows. It rebounded this week, tapping the 10 day EMA (14.85) on the Tuesday high and then rolled over. A break below 14 plows under some important support. We look for that move to enter and a run to the target lands us a 55%ish gain.
Volume: 1.698M Avg Volume: 1.63M
BUY POINT: $13.96 Volume=1.7M Target=$12.45 Stop=$14.61
POSITION: QTN UC - Sept. $15p (-57 delta)
http://www.investmenthouse.com/cd/nite.html
End part 3 of 3
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us stock market
stock market investment
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