|
|
us stock market, trade stock
Begin part 3 of 3
THE PLAYS:
Upside: Market is getting oversold and looking to play a bounce after some more downside on Tuesday.
Play Date: 12/17/2007
ICE (Intercontinental Exchange--$180.32; -5.41; optionable): Energy futures exchange
http://biz.yahoo.com/p/i/ice.html
EARNINGS: 1-31-07
STATUS: Test breakout. ICE stumbled through the market selling but held at the 50 day EMA and set up 7 week trading range, breaking higher last week on solid, above average volume. This range formed after the October breakout from a 14 week double bottom of sorts. Nice consolidation and you have to like the way ICE held up during the most recent selling, breaking higher from its base. Now Monday it did sell back but volume was low as it tests the break higher. Looking for it to hold in this vicinity and then rebound. As it does we will look to move in.
Volume: 1.266M Avg Volume: 2.025M
BUY POINT: $181.11 Volume=2.2M Target=$206.95 Stop=$178.24
POSITION: IHH CQ - Mar. $185c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/ice.html
Play Date: 12/17/2007
MOS (Mosaic Company--$84.49; +1.68; optionable): Agricultural chemicals
http://biz.yahoo.com/p/m/mos.html
EARNINGS: 1-9-07
STATUS: Flying plateau. Big run in this year, but a nice rest in November during the market selling. It came back to test the 50 day EMA (now at 68) after a late August breakout and run up the 10 and 18 day EMA. It surged back up to end November and start December. During the market selling of the past week it has worked laterally, refusing to give up ground as it waits for the 10 day EMA (80.19) to rise to meet it. Nice solid above average volume Monday as MOS moved higher toward the top of its range. Looking to move in as it makes the break higher from this nice show of strength. Top stock in a top sector.
Volume: 4.37M Avg Volume: 3.661M
BUY POINT: $85.48 Volume=5M Target=$99.95 Stop=$81.65
POSITION: MOS CQ - Mar. $85c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/mos.html
Play Date: 12/17/2007
YGE (Yingli Green Energy--$33.21; -2.74; optionable): Semiconductor integrated circuits, China
http://biz.yahoo.com/p/y/yge.html
EARNINGS: Second week of February 2008
STATUS: Test breakout. A new issue in June 2007, YGE just formed its second base. It broke out of its first in mid-September and rallied to 39. It then fell into the current 8 week pattern in the November selling, using that to consolidate and set up once more. It broke higher to end last week, surging Friday on strong volume. In the Monday selling it faded back on much lower volume though still above average. Just going to let it test back and then make the next break higher on solid trade. That is when we move in. A top stock in its earnings growth rates.
Volume: 3.471M Avg Volume: 2.9M
BUY POINT: $33.72 Volume=4.3M Target=$40.75 Stop=$31.57
POSITION: YGE CF - Mar. $30c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/yge.html
New buy points on current positions:
Play Date: 12/17/2007
ESLR (Evergreen Solar--$15.02; -1.59; optionable): Solar
http://biz.yahoo.com/p/e/eslr.html
EARNINGS: Third week January 2008
STATUS: Test breakout. After a big gap higher Friday when we banked some gain, ESLR was testing back down Monday, tapping at the 10 day EMA (14.61) on the low. Volume was still above average but well off the strong Friday pace. Got caught in the market selling and we are looking to use this test back as an opportunity to get into some more of the stock and options as it rebounds back up.
Volume: 7.224M Avg Volume: 4.1M
BUY POINT: $15.44 Volume=7.4M Target=$18.65 Stop=$14.44
POSITION: QLU CC - Mar. $15c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/eslr.html
Play Date: 12/17/2007
MA (MasterCard--$204.93; -11.63; optionable): Consumer credit
http://biz.yahoo.com/p/m/ma.html
EARNINGS: Late January 2008
STATUS: Test 18 day EMA. MA is making its second test of the 18 day EMA (203.75) after its late October breakout where it gapped higher from a 4.5 month cup with handle base on a strong earnings report. It was a big winner in the last two rallies so it was a target in the recent selling. We are watching it, and if it can hold at the 18 day EMA we are looking to pick it up as it continues its run higher in the breakout. A strong stock such as MA will make 4 to 5 runs up the 10 or 18 day EMA after a breakout, and though it has run far, that still leaves a lot of upside ahead for the stock if it can hold up and show us a further move on stronger volume.
Volume: 3.949M Avg Volume: 3.831M
BUY POINT: $207.33 Volume=4.8M Target=$239.95 Stop=$201.88
POSITION: MAL DT - Apr. $200c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/ma.html
CONTINUING PLAYS:
Upside:
Play Date: 12/15/2007
GME (Gamestop--$58.15; -0.06; optionable): Electronic game stores
http://biz.yahoo.com/p/g/gme.html
EARNINGS: Announced 11-20-07
STATUS: Test breakout. Nice tight doji on the 10 day EMA on average volume as GME continues to look very good, holding near support as the market sells. It is holding its own, just waiitn for the selling to abate and let it make the break higher. To recap: GME gave us some great gains this year on a couple of prior runs. After it peaked in September we have patiently waited for it to consolidate and set up again. It dipped in the November selling, but formed a double bottom at the 90 day SMA and shot higher to start December. It has come back to test that move last week, holding at the 50 day SMA on Thursday and Friday. Good upside volume as it held and posted a gain Friday. Looking for continued solid trade as it resumes the move higher into the Christmas season.
Volume: 3.499M Avg Volume: 3.108M
BUY POINT: $59.32 Volume=4M Target=$70.95 Stop=$56.77
POSITION: GME DL - Apr. $60c (49 delta) &/or Stock
http://www.investmenthouse.com/ct/gme.html
Play Date: 12/15/2007
HOLX (Hologic--$65.08; -0.12; optionable): Medical appliances (Mammogram machines)
http://biz.yahoo.com/p/h/holx.html
EARNINGS: 1-30-08
STATUS: Flat/Pennant. Low volume continues as HOLX shows another doji at the 50 day SMA on the close, tapping at the 50 day EMA on the low and rebounding. Biding its time, waiting for the trigger to send it higher. Very nice hold at support as the market sold. To recap: HOLX is moving laterally along the 50 day EMA (63.46) the past 5 weeks, trading in a narrowing range above that key level. It gapped lower in early November after a strong September to October run, but it caught itself and this leader is setting up for the next move higher. Going to be patient, let it finish its lateral move, and then step in as it shows us the next break higher on strong volume and heads toward a new all-time high.
Volume: 2.18M Avg Volume: 2.888M
BUY POINT: $66.04 Volume=3.6M Target=$75.95 Stop=$64.22
POSITION: QHX CM - Mar. $65c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/holx.html
Play Date: 12/13/2007
NDAQ (Nasdaq Stock Market--$46.83; +0.08; optionable):
http://biz.yahoo.com/p/n/ndaq.html
EARNINGS: Third week of January 2008
STATUS: Cup w/handle. Tried the break higher Monday on some stronger though still below average volume. The market was not playing along and NDAQ came back to close flat. Still very solid. To recap: Excellent volume Monday as NDAQ started to surge higher, but it could not hold the move in the FOMC aftermath, selling back to the 10 day EMA on lower volume. It held that level Thursday and started to bounce, but no volume. Looking for volume to rally as NDAQ continues this move higher toward a new all-time high. Very nice.
Volume: 2.25M Avg Volume: 2.912M
BUY POINT: $47.05 Volume=4M Target=$55.00 Stop=$44.55
POSITION: NQD CI - Mar. $45c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/ndaq.html
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.
|
us stock market
trade stock
|
