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Daily Newsletter, Friday, 01/18/2002

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PremierInvestor.net Newsletter          Weekend Edition 01-18-2002
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In section one:

Market Wrap:      Despite confidence, stocks traded lower.
Play-of-the-Day:  It's In the Service.
Watch List:       COH, OAKT, MERQ, SPC, TYC, GT and more!
Market Sentiment: Now they tell us.

------------------------------------------------------------------
U.S. Market Numbers
------------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
------------------------------------------------------------------
        WE 1-18          WE 1-11           WE 1-4         WE 12-28 
DOW     9771.85 -215.68  9987.53 -272.21 10259.74 +122.75  +101.65
Nasdaq  1930.34 - 92.12  2022.46 - 36.92  2059.38 + 72.12  + 41.92
S&P-100  575.24 -  8.96   584.20 - 14.41   598.61 +  6.86  +  5.34
S&P-500 1127.58 - 18.02  1145.60 - 26.91  1172.51 + 11.49  + 16.13
W5000  10509.36 -188.86 10698.22 -234.10 10932.32 +113.75  +173.64
RUT      474.37 - 15.57   489.94 -  9.36   499.30 +  5.68  +  9.60
TRAN    2667.25 - 39.52  2706.77 -123.43  2830.20 +187.15  + 37.82
VIX       24.34 +   .36    23.98 +  1.96    22.02 -   .31  -   .96
VXN       48.89 +   .52    48.37 +  1.51    46.86 +   .92  -  5.02
TRIN       1.13             1.44              .94              .73  
TICK       +522             +290             +996            +1098 
Put/Call    .85              .68              .67              .69  
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WE= week ended

===========
Market Wrap
===========

Despite confidence, stocks traded lower

Today's survey of consumer sentiment by the University of 
Michigan came in stronger that expected with a reading of 94.2, 
but that wasn't strong enough to outweigh cautious comments from 
technology heavyweights Microsoft (NASDAQ:MSFT) and IBM 
(NYSE:IBM) from yesterday afternoon, as the major indexes gave 
back the bulk of yesterday's gains.

Today's 94.2 reading for the University of Michigan's consumer 
sentiment index was much better than the expected level of 89.4, 
and built on late December's reading of 88.8.  Most consumers 
expect the economy to recover in the next year, bringing higher 
incomes, more jobs and continued low inflation, according to 
those surveyed.  Today's 94.2 reading was the highest level since 
January 2000.

Perhaps it is that, "highest level since January 2000" that 
bothered investors most.  After all, the S&P 500 was trading near 
the $1,400 mark in January of 2000 and while it did push to a 
record high of $1,552 months later, sentiment began to fall as 
did stock prices.  Today's sentiment number did get a knee-jerk 
reaction from the bond market, but had little impact on stock 
prices.  By session's end, the broader S&P 500 (SPX.X) fell 1% to 
close at $1,127.

Richard Curtin, director of the survey said, "A strong rise in 
economic expectations typically occurs prior to gains in 
spending."  But Mr. Curtin noted that this recession could be the 
first in U.S. history without a quarterly decline in consumer 
spending.

Instead, this recession has been marked by large inventory cuts 
and a huge decline in capital spending by business.

Tony Crescenzi, market analyst at Miller Tabak quipped, 
"Consumers can't spend their expectation."  I (Jeff Bailey) might 
take issue with that and have Mr. Crescenzi review the recently 
released consumer debt numbers from December that showed U.S. 
consumers taking on more debt, while taking advantage of holiday 
sales and 0% financing offered by automotive dealerships.  I'd 
say most consumers are spending their confidence like they've got 
the money tree in their backyards.  If the economy doesn't 
strengthen and the jobless rate increase further, then consumer 
confidence may dip back lower, along with stocks.

It's perhaps that last thought that had many investors selling 
some stocks today as the credit card bills come due at the end of 
the month and the near-term outlook for a quick economic wasn't 
presence in either Microsoft (MSFT) or IBM's (IBM) conference 
calls.

Today's stronger than expected consumer confidence number got a 
reaction out of the bond market after it was released, as YIELDS 
ticked higher with the thinking that the Fed may be less likely 
to cut interest rates further.  It's interesting to note that the 
10-year YIELD traded to as high as 4.983% (right at our 
retracement level of 4.98%), but was quickly turned back as 
buyers showed up in Treasuries.

S&P SPDRS Chart (top) and 10-year YIELD Chart (bottom)




Our SPDRS (AMEX:SPY) bearish trade was set up on the premise that 
the MARKET was looking defensive and that money was rotating back 
into bonds.  We wanted to use the 10-year YIELD as it was a 
"riskier" bond as it relates to Treasuries.  "So far so good" is 
what the equity bears are saying.  While consumer confidence is 
running high and we haven't really seen any big downside 
surprises in some of the more closely watched earning, the recent 
decline in stock prices as depicted by the broader S&P 500 has 
been slow.  I am not currently looking for a retest of the lows 
found in November.  I think the economic data that has been 
coming out does show the economy is stabilizing.  I do think 
there are still some valuation concerns and the belief that stock 
prices have gotten a little too far ahead of themselves though, 
thus the potential for a SPDRS (AMEX:SPY) pullback near the 
$108.58 level is a possibility.  Don't be a bit surprised if we 
turn into bulls on a potential pullback to the $108.58 level, 
especially if the 10-year Treasury YIELD ($TNX.X) is holding 
above the 4.642% level.

Traders that took our short play in the SPDRS (AMEX:SPY) should 
read tonight's play update.  We want to move our stop down to 
break-even levels to protect against a rally.  The reason we're 
doing this is that the MACD indicator on the 10-year YIELD is 
rounding out a bit.

It may be hard for some to comprehend, but I'm pretty sure there 
are still some institutional shorts in the SPDRS that shorted 
below the $110 level.  Institutions could still be holding short 
positions established in that little "handle" during the month of 
October as Treasury YIELDS continue to fall as money poured into 
bonds.  Those shorts may want to cover on a pullback to the $108-
$110 level and ideally, that's where we'll look to cover our 
SPDRS short.  A long way to go, but plenty of time to get there!

This week's action

Maybe it wasn't so foolish for us to think that weakness in the 
biotechs might be hinting of pending weakness for the NASDAQ.  
Subscribers that have been with us since late September will 
remember it was our observations that the biotechs (BTK.X) were 
the group that looked to be at the head of the pack and that they 
could lead the NASDAQ off the bottom.  While the biotechs did 
help lead the charge higher, they weakened further this week and 
had a negative impact on tech enthusiasm.  The hardest hit of the 
most widely followed market averages was the tech heavy NASDAQ 
Composite (COMPX) and "big tech" as indicated by the NASDAQ-100 
(NDX.X).  

Weekly Index/Sector Performance




Subscribers have asked that we try and add annotation to the 
various indexes and sectors.  That's a great idea.  Sometimes I 
forget that some people actually have lives and don't sit around 
remembering symbols of stocks and indexes.  If I ever make it on 
the game show "Who wants to be millionaire" I'm hoping to make it 
to the $1 million question when Regis will ask, "What's the 
symbol for the Biotech Index, which is traded on the AMEX stock 
exchange?"  

As you can see from all the red there were a lot of sectors 
trading lower this week.  The hardest hit were technology.  We 
could probably come up with 100 reasons why technology stocks got 
hit to the downside, but it is much easier to understand what the 
NASDAQ-100 bullish% chart was saying back in December.

NASDAQ-100 Bullish % Chart - 2% box




It seems so simple doesn't it?  Can anyone argue that the NASDAQ-
100 has fallen roughly 127 points (7.5%) since the January 4th 
close of $1,675?  In early January (red 1 on the chart) the 
NASDAQ-100 Bullish Percent chart was reading "bear confirmed."  
It had been hovering above that 70% and overbought level for a 
couple of weeks.  Now we're seeing a nice decline lower and the 
MARKET is removing risk as it did in mid-May (after red 5).  

Bears need to be cognizant and alert to a potential trading rally 
when the NASDAQ-100 could very easily reverse into "bear 
correction" status.  Just remember... X's are "up" and O's are 
down.  The NASDAQ-100 bullish percent is currently reading 46%.  
That means just 46 of the 100 stocks comprising that index are 
showing a supply/demand buy signal on their charts.  

As I've mentioned before, there is an article in the "Bailey's 
Basics" section of the site on the bullish percent.  The article 
is titled, "Understanding risk is key."  This is a tool/indicator 
that is used by institutions to assess "market risk" and help 
manage their inventory risk.

Speaking of bullish % ....

In last Friday's wrap, we put up a chart of the S&P 500 bullish 
percent.  At that time, the bullish percent reading was near the 
68% level.  That chart has NOT reversed into a column of X as of 
today's action.  Current reading for the S&P 500 bullish % is 
62.60% and it would take a reading of 62% (a 3-box reversal) to 
get that chart into a column of O's and "bull correction" status.  
Like we said last week, "it was/is very early to be aggressively 
shorting."  

Next week

When I write this week's wrap, I always look back at last weeks 
to see what I was writing and try to make sure my thoughts or 
what I was thinking is on track.

Last week's comment were that we thought the healthcare stocks 
and the Morgan Stanley Healthcare Index (HCX.X) would be the 
place for equity bulls to hide out.  That thought looked to be 
right this week as the RXH.X was this weeks "big winner" with a 
1.2% gain.  Yahoo! Right?  Hey, when the broader market traded 
down roughly 2% and you're looking bullish the week's sector 
winner, it's not all that bad.  The stocks that are catching the 
bid (buyers) are the HMO stocks like Oxford Health (NYSE:OHP) and 
Unitedhealthcare (NYSE:UNH).  Other "health provider" stocks in 
the ($HMO.X) are PHSY $18.66 +6.2%, HUM $13.00 +2.2%, FHCC $23.40 
+1.29%, WLP $124.79 +1.29%, TGH $71.41 +0.79%, AET $35.46 -0.25%, 
CI $93.13 -0.42% and MME $24.25 -0.49%.

Keep an eye on the Transports (TRAN) this week.  They pulled into 
their 200-day moving average and have been hugging this longer-
term moving average for the past four sessions.  This is a key 
group for every investor/trader to be keeping an eye on, if for 
no other reason that to get a feel for the MARKET's perception of 
this sector and the economy going forward.  Again... it is a 
long-held belief that this is a group that leads in an economic 
recovery.  With the Dow Industrials, S&P 500 and NASDAQ-Composite 
all trading back below their 200-day moving averages right now, 
strength in this group could well spark a near-term rally for the 
broader market.  

I'd continue to be cautious on technology.  If you're a short-
term trader and get some good trade setups, then be willing to 
trade long, but have the short-term in mind.  The best trades in 
technology stocks come when the bullish percent charts are buried 
below the 30% level and then begin reversing higher.  If you're 
going to trade Disk Drive, Semiconductor, Networking or Biotech, 
trade with the short-term in mind, a rather tight stop, have a 
defined target in mind to sell some strength if/when you get it.  
You can always use the technique of moving up a stop under the 
trade, but keep you risk to a minimum.

For bearish traders, the same type of technique should be used.  
While the NASDAQ-100 bullish percent is "bear confirmed" we could 
get a short-term rally.  If you've got some trades that are up 7-
10% or more, then move down those stops.  Short-term traders 
should take a look at shares of Tyco Intl (NYSE:TYC) and see what 
happened there today.  The stock fell from Thursday's close of 
$45.07 to a morning low of $41.52 (-7%.8%), then rallied sharply 
to finish up 3% on the day at $46.45.  A trader that shorted this 
stock on Wednesday at $46.71 has seen a nice move lower to $41 
evaporate.  A bearish trader that would have simply followed the 
stock down with a stop at $44 or $45 would have gone home for the 
weekend with a smile.  

Don't be complacent and stay disciplined!  Markets are closed 
Monday for in observance of Martin Luther King Jr. holiday.  Have 
a great 3-day weekend and we'll see you back here on Tuesday 
morning!

Jeff Bailey
Senior Market Technician


=========================
Play-of-the-Day (Bullish)
=========================

Pep Boys Man Moe - PBY - close: 16.00 change: +0.35 stop: 14.99

Company Description:
Pep Boys, which is celebrating its 80th anniversary this year, 
operates 628 stores and over 6500 service bays in 36 states and 
Puerto Rico. Along with its vehicle repair and maintenance 
capabilities, the company also serves the commercial auto parts 
delivery market and is one of the leading sellers of replacement 
tires in the United States. (source: company press release)

Why We Like It:
One of the stronger sectors during the last quarter of 2001 was 
the secondary auto stocks.  Not big manufacturers like Ford, but 
auto parts sellers and service dealers.  Shares of AZO, PBY and 
ORLY all made strong gains.  Likewise, they all began to see 
profit taking in late December that continued well into January.  
Now it appears that PBY has established decent support at $15 and 
is trying to make a comeback.  The sideways consolidation we have 
seen over the last several sessions is very encouraging.  
Thursday shares started to edge higher and Friday found the stock 
making a break back towards its 50-dma and the $16 level.  While 
it didn't close over this support level, holding it during a 
dismal day in the markets was impressive enough.  The MACD 
appears to be confirming that the profit taking appears to be 
over for the time being and will probably produce a bullish 
crossover in a day or two.  Shares of ORLY have a similar pattern 
but PBY has a cleaner trading pattern for us to plan our entry 
and exit points.  On the other hand, AZO, which really out 
performed on the way up still appears like it may have more 
profit taking to endure.  Traders can look for a confirmation 
back above the $16 level or a dip back to the $15.50 level as a 
potential entry point to go long.  We're going to start with a 
stop at $14.99 but we'll adjust it higher after a couple of more 
positive closes.  Traders could target the current highs at 
$18.50 but we're aiming for $18.00 unless shares look strong 
enough to break through overhead resistance.  Our time frame is 
two to four weeks.

Picked on January 18th at $16.00 
Change since picked:       +0.00
Earnings Date           02/14/02 (unconfirmed)






==================================================================
WATCH LIST
==================================================================

The PremierInvestor.net watch list is not designed to be read
as full fledged stock picks.  Rather we would prefer to offer
it as an extra tool in today's investor toolbox.  Think of it
as a radar screen with your own radar operator pointing out
interesting developments, technical patterns or potential plays
that you may or may not have seen on your own.  Due to time
constraints we do glance at the news but rarely do we have 
time to fully read pertinent news stories, due background 
research and other necessary screens that investors should do
before making a decision.  A common exercise is to read the
entry, glance at the sector and other stocks in that industry
and then compare what's happening in the stock to what's 
happening in the broader market indices.  We hope you enjoy
the Watch List and that it proves to be a useful tool for your
own trading success.

STOCKS WORTH WATCHING
---------------------------------

Coach Inc. - COH - close: 42.24 change: +0.14

WHAT TO WATCH: This apparel/accessory maker of handbags and 
luggage has had a very good 4Q for its stock price.  Earnings are 
going to be released soon, looks like Wednesday, Jan. 23rd, and 
we're interested to see if investors continue to buy or choose to 
sell the news.  The stock has rallied right to its 52-week highs 
near $42.50.  If shares can close above this level it may be a 
buy signal.  A move under $40 could be a sell signal.




---

Oak Technology - OAKT - close: 14.96 change: -0.26

WHAT TO WATCH: Shares of this semiconductor stock have managed to 
maintain their bullish up trend while most stocks in the group 
have suffered with the ups and downs of the SOX index.  OAKT is 
trading near the bottom of its up trend but shares still look 
bullish.  Unfortunately for shareholders the stock's MACD has 
been eroding and volume has dried up ahead of the earnings report 
next week.  Currently, overhead resistance lies at $16.25 but a 
strong enough earnings announcement may power the stock through 
it.  Yet if results are anything like the rest of the chip group 
then OAKT could see selling and a move under $14 may be a 
shorting opportunity.  Look for earnings on Tuesday.




---

Mercury Interactive Corp. - MERQ - close: 31.04 change: -2.69

WHAT TO WATCH: Software stock, MERQ, appears to have lost 
investor confidence this week.  Shares have fallen through the 
$35 level, through any potential price support at $32.50 and its 
50-dma.  Shares did bounce off their lows on Friday but the stock 
still lost almost 8%.  There seem to be concerns over the 
earnings report on Tuesday, Jan. 22nd.  A move below $30 would be 
a break in its ascending bullish support line on the point-and-
figure chart.  If this occurs we'd probably target the $25 level.




---

St Paul Co. - SPC - close: 40.45 change: -0.08

WHAT TO WATCH: Insurance stock, SPC, has been sliding for weeks 
but the recent consolidation above $40 may not hold for much 
longer.  Wall Street will be looking for earnings on Wednesday, 
Jan. 23rd and a negative report could have shares breaking 
support and retesting the September lows.




---

Tyco Intl. - TYC - close: 46.45 change: +1.38

WHAT TO WATCH: TYC has been in the news quite a bit lately with 
rumors the stock is having SEC troubles.  Late in the day TYC 
announced they would have a conference call on Tuesday morning to 
defend themselves and set the record straight.  If the conference 
call can relieve investor fears then the stock will likely trade 
higher very quickly on Tuesday.  Aggressive traders may want to 
look for a possible trade but expect volatility.  




---

Goodyear Tire & Rubber Co. - GT - close: 22.10 change: +0.34

WHAT TO WATCH: Shares of GT have really been under a lot of 
pressure lately with volume rising on the daily declines this 
last week.  However, what we find interesting was the "hammer" 
candlestick on Thursday, which typically denotes a potential 
reversal in the downtrend.  Shares did trade higher on Friday 
despite both a down market and news that S&P had cut GT's credit 
rating to junk status.  If shares trade higher on Tuesday it may 
be a true reversal in progress.  Otherwise, we may be witnessing 
an oversold bounce on the way down.






=============
MORE TO WATCH
=============
( readers need to check the news and earnings dates on these
stocks )

NTBK - very strong up trend with recent moves on very strong 
       volume.  looks overextended.  look for dip or play with a 
       very tight stop.
UVN  - descent has fallen to the 200-dma. possible bounce but 
       intraday chart looks negative.  look for breakdown.
AMAT - pulled back to support at $40, look for bounce, but 
       Bailey is looking for a pull back to $37.
TSCO - still climbing.  broke to new high.
ACF  - traded down to support at $20.  Over $23, could be a an
       entry to go long.  Under $20, looks like a short.
SIRI - coiling into a tight range between 200-dma and 50-dma.
       look for breakout one way or the other.



================
Market Sentiment
================

Now they tell us.
by Russ Moore

It never ceases to amaze me how analysts are able to get a good 
night’s sleep. Wasn’t it just a short time ago that we were being 
told to get on board the "bull market train"? Suddenly, that 
mantra has been replaced by "everyone knew that stocks were 
overvalued", and my favorite, "investors have to lower their 
expectations". Maybe we could if it weren’t for an ever-
increasing lineup of Wall Street "experts" telling us to push the 
buy button.

Okay, enough of my ranting. Today’s action unfolded as expected 
following last night’s disappointing news from Microsoft and IBM. 
The markets were under pressure from the opening bell and never 
recovered with the DOW dropping 0.8 percent. The NASDAQ shed -2.8 
percent and the NDX -3.4 percent. Volume was on the light side 
with 1.31 billion shares moving on the big board and only 1.66 
billion on the NASDAQ. Losers smashed winners by a 19/12 count on 
the NYSE and 23/12 on the tech index.

A few sectors managed to escape the downdraft including airline, 
oil service and utility. Biotech, gold and financials were the 
hardest hit on the broader markets while hardware, software, 
computer and chip sectors faced solid downside pressure on the 
tech side.

In an effort to distance itself from the competition, Dell 
computer came out during the session to up its targets. The 
surprise move was met with only fleeting success.

Consumers continue to show growing confidence in an economic 
turnaround as witnessed by today’s Michigan Sentiment data. At 
94.2, the number surpassed expectations for an 89.4 reading, and 
was much improved over last month’s 88.8.

So far, we have yet to see the rising consumer confidence 
translate into investor confidence. Those "conflicting data" 
handcuffs have made it difficult for investor’s to empty their 
money market accounts. The "buy-and-holders" have been left on 
the sidelines and until that changes, choppy, range-bound markets 
will remain the order of the day.



VIX
Friday 01/18 close: 24.37


VXN
Friday 01/18 close: 48.83


30-yr Bonds
Friday 01/18 close: 5.37


Total Put/Call Ratio: .85


Equity Option Put/Call Ratio: .77


Index Option Put/Call Ratio: 1.77


===

NASDAQ 100 Index (NDX/QQQ)
52-Week High: 103.51
52-Week Low:   28.19
Current close: 38.73

Volume/Open Interest
Maximum calls: 42/26,001
Maximum puts : 38/62,044

Moving Averages
 10 DMA 40
 20 DMA 40
 50 DMA 40
200 DMA 40

Fibanocci Retracements
Relative High: 51.95 (05/22/01)
Relative Low:  27.00 (09/21/01)
38% 36.60
50% 39.57
62% 42.59

===

S&P 100 Index (OEX)
52-Week High:  834.93
52-Week Low:   491.70
Current close: 575.24

Volume/Open Interest
Maximum calls: 640/2,525
Maximum puts : 500/5,374

Moving Averages
 10 DMA  584
 20 DMA  587
 50 DMA  585
200 DMA  599

Fibanocci Retracements
Relative High: 680.03 (05/22/01)
Relative Low:  480.07 (09/21/01)
38% 556.14
50% 579.65
62% 603.55

===

S&P 500 (SPX)
52-Week High:  1530.01
52-Week Low:    965.80
Current close: 1127.58

Volume / Open Interest
Maximum calls: 1150/25,724
Maximum puts : 1150/25,063
Moving Averages
 10 DMA 1146
 20 DMA 1149
 50 DMA 1143
200 DMA 1166

Fibanocci Retracements
Relative High: 1315.93 (05/22/01)
Relative Low:   944.75 (09/21/01)
38% 1086.75
50% 1130.62
62% 1175.23

==

DJIA (INDU)
52-Week High:  11,518.83
52-Week Low:    8,235.81
Current close:  9,771.85

Volume / Open Interest
Maximum Calls: 102/ 8,279
Maximum Puts    90/16,984

Moving Averages:
 10 DMA  9,964
 20 DMA 10,029
 50 DMA  9,925
200 DMA 10,104

Fibanocci Retracements
Relative High: 11,350.05 (05/22/01)
Relative Low    8,062.34 (05/21/01)
38%  9,308.92
50%  9,693.99
62% 10,085.60

==

Biotech Index (BTK)
52-Week High:  811.61
52-Week Low:   383.28
Current close: 515.95

Volume / Open Interest
Maximum Calls: 640/281
Maximum Puts:  600/506

Moving Averages
 10 DMA 545
 20 DMA 563
 50 DMA 577
200 DMA 543

Fibanocci Retracements
Relative High: 811.61 (09/25/00)
Relative Low:  383.28 (03/22/01)
38% 546.22
50% 596.57
62% 646.71

==

Semiconductor Index (SOX)
52-Week High: 1280.84
52-Week Low:   362.00
Current close: 523.13

Volume / Open Interest
Maximum Calls: 570/960
Maximum Puts:  370/628

Moving Averages
 10 DMA 561
 20 DMA 549
 50 DMA 542
200 DMA 553

Fibanocci Retracements
Relative High: 710.78 (05/22/01)
Relative Low:  343.93 (09/27/01)
38% 484.50
50% 527.18
62% 570.57

==

Pharmaceutical Index (DRG)
52-Week High:  455.28
52-Week Low:   339.49
Current close: 374.66

Volume / Open Interest
Maximum Calls: 380/  51
Maximum Puts:  380/1300

Moving Averages
 10 DMA 376
 20 DMA 379
 50 DMA 386
200 DMA 390

Fibanocci Retracements
Relative High: 448.43 (12/29/00)
Relative Low:  339.49 (03/22/01)
38% 382.22
50% 395.69
62% 409.03

*****

CBOT Commitment Of Traders Report: Friday, 02/18. 
Weekly COT report discloses positions held by small specs
and commercial traders of index futures contracts on the 
Chicago Board Of Trade. 

Small specs are the general trading public with commercials being 
financial institutions. Commercials are historically on the 
correct side of future trend changes while small specs are not. 
Extreme divergence between each signals a possible market turn in 
favor of the commercial trader’s direction.   

S&P 500
Commercials   Long      Short      Net     %Change 
01/01/02     338,288   407,107   (68,729)   17.1% 
01/08/02     333,742   398,283   (64,541)   (6.1%)
01/15/02     340,005   397,024   (57,019)  (11.7%)

Most bearish reading of the year: (111,956) - 3/6/01
Most bullish reading of the year: (41,144)  - 5/1/01

Small Traders   Long      Short      Net      %Change
01/01/02       127,419    55,576    71,843    (1.6%)
01/08/02       130,335    60,780    69,555    (3.1%)
01/15/02       129,987    64,311    65,676    (5.5%)

Most bearish reading of the year:  36,513 - 5/01/01
Most bullish reading of the year:  91,122 - 3/06/01

NASDAQ-100
Commercials   Long      Short      Net     %Change 
01/01/02      29,801    37,497    (7,696)
01/08/02      30,786    37,457    (6,671)    (13.3%)
01/15/02      32,068    34,859    (2,791)    (58.1%)

Most bearish reading of the year: (15,521) - 3/13/01
Most bullish reading of the year:  (1,825) - 1/02/01

Small Traders  Long      Short      Net      %Change
01/01/02       10,649     5,913    4,736   
01/08/02       10,073     6,404    3,669    (22.5%)
01/15/02       10,230     9,782      448    (87.8%)

Most bearish reading of the year:  (1,028) - 1/02/01
Most bullish reading of the year:   8,460  - 3/13/01

DOW JONES INDUSTRIAL
Commercials   Long      Short      Net     %Change 
01/01/02      15,820     7,553    8,267      1.3%
01/08/02      15,921     7,981    7,940     (3.9%)
01/15/02      15,866     9,175    6,691    (15.7%)

Most bearish reading of the year: (8,322) - 1/16/01
Most bullish reading of the year:  8,925  - 5/22/01

Small Traders  Long      Short      Net      %Change
01/01/02       3,368     8,668    (5,300)     10.6%
01/08/02       4,380     9,188    (4,808)     (9.3%)
01/15/02       4,979     8,747    (3,768)    (21.6%)

Most bearish reading of the year:  (7,572) - 5/08/01
Most bullish reading of the year:   1,909  - 1/16/01


                    Small Specs               Commercials
S&P 500         (Current)  (Previous)     (Current) (Previous)
Open Interest
Net Value        +65,676     +69,555        -57,019    -64,541

Total Open
Interest %       (+33.80%)  (+36.39%)      (-7.74%)   (-8.82%)
                 net-long   net-long       net-short  net-short


                     Small Specs             Commercials
DJIA futures     (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value          -3,768     -4,808          +6,691    +7,940
Total Open
interest %       (-27.45%)    (-35.44%)      (+26.72%)  (+33.22)
                 net-short   net-short     net-long    net-long


                     Small Spec              Commercials
NASDAQ 100      (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value         +448      +3,669         -2,791    -6,671

Total Open
Interest %        (+2.24%)   (+22.27%)     (-4.17%) (-9.78%)
                 net-long   net-long      net-short  net-short


What COT Data Tells Us
----------------------
Indices:. Slight shift by the Commercials as they reduced their 
net-short position by a small percentage on the S&P 500. Nothing 
to get too excited about though, remember, we’re looking for 
increased divergence, and this week the Small Specs were also 
lightening up on their net-long positions.

Gold: After peaking at 61.04 on Wednesday, the XAU (gold and 
silver index) has fallen to today’s close of 58.34. The fact that 
the Commercial players were busy loading up on short contracts 
(moving from 24,042 to 53,938) on Tuesday, might have had just a 
little influence on the index’s demise.

12/18 15,198 contracts net-short
12/25 11,976 contracts net-short
01/01 14,555 contracts net-short
01/08 24,042 contracts net-short
01/15 53,938 contracts net-short

Data compiled as of Tuesday 01/15 by the CFTC.





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of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of PremierInvestor.net may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. PremierInvestor.net
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.

Please read our disclaimer at:
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Do not duplicate or redistribute in any form.


PremierInvestor.net Newsletter          Weekend Edition 01-18-2002
                                                    section 2 of 3
Copyright © 2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================
To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/6151_2.asp
=================================================================

In section two:

Stock Bottom / Active Trader
  New Bullish Plays:     FDX, LTR, PBY
  New Bearish Plays:     SIVB
  Bullish Play Updates:  IKN, TGH, UNH
  Bearish Play Updates:  ADRX, SPY

High Risk/Reward
  New Bullish Plays:     EXPE
  Bullish Play Updates:  PVN
  Bearish Play Updates:  ALTR

Net Bulls
  - none -

Split Trader
  - none -


==================================================================
Stock Bottom / Active Trader (AT) section
==================================================================

===============
AT New Plays
===============

  -----------------
  New Bullish Plays
  -----------------

Fedex Corp - FDX - close: 50.82 change: +0.62 stop: 48.75

Company Description:
With annual revenues of $20 billion, FedEx Corp. is the premier 
global provider of transportation, e-commerce and supply chain 
management services. The company offers integrated business 
solutions through a network of subsidiaries operating 
independently, including FedEx Express, the world's largest 
express transportation company; FedEx Ground, North America's 
second-largest provider of small-package ground delivery service; 
FedEx Freight, a leading provider of regional less-than-truckload 
freight services; FedEx Custom Critical, the world's largest 
provider of expedited time-critical shipments; and FedEx Trade 
Networks, a provider of customs brokerage, consulting, 
information technology and trade facilitation solutions. 
(source: company press release)

Why We Like It:
We think FDX is an attractive trading buy.  What does that mean?  
It means traders might be able to capture a short-term bounce in 
the stock price after the recent selling but to do so with 
diligent stop placement and realistic targets.  As a major air 
freight carrier, shares of the company were obviously hit hard 
during the September tragedy.  However, FDX has risen strongly 
from those September lows hitting new relative highs while 
stopping along the way to consolidate gains and head higher 
again.  Earnings on December 19th were okay but were boosted by 
their portion of the airline bailout package.  Last Friday 
Salomon Smith Barney downgraded FDX to a neutral.  Their concerns 
seemed to stem from current valuations being too high ahead of 
actual economic recovery.  The stock gapped down and fell to 
sellers for the next few days.  On Wednesday of this week shares 
had reached their 50-dma near $48.75 (FDX closed at $48.70).  
Ending the day at its low, FDX had appeared to confirm the new 
downtrend on a high volume break of support at $50.  The very 
next day the stock posted a reversal back above the $50 level on 
even stronger volume.  This bounce off the 50-dma was confirmed 
with a another positive day on Friday made even more bullish by 
the negative market action in the broader indices.  We're being 
optimistic but the MACD is showing a potential bullish divergence 
in its histogram.  We are going to try and play any bounce with 
an initial target of $55.  Our initial stop will be $48.75 or 
Thursday's low.  Given the recent downturn in the Dow Jones, we 
think that a market bounce next week might accelerate any rebound 
in FDX.  

Picked on January 18th at $50.82 
Change since picked:       +0.00
Earnings Date           03/20/02 (unconfirmed)




---

Loews Corp - LTR - close: 60.15 change: +1.29 stop: 55.99

Company Description:
Loews Corporation is one of the largest diversified financial 
corporations in the U.S.  As a holding company, LTR's main 
businesses are: CNA Financial Corp.  CNA is one of the largest 
insurance companies in the country.  They offer property, 
casualty, life, accident and health coverage in addition to other 
products.  Lorillard, Inc. is America's oldest tobacco company.  
It markets cigarettes under the brands Newport, Maverick, Old 
Gold, Kent and True.  Diamond Offshore Drilling, Inc, of which 
LTR owns 53%, is one of the world's largest offshore drilling 
companies with 45 drilling rigs.  Loews Hotels, a wholly owned 
subsidiary, operates 17 hotels and resorts.  The company also 
owns 97% of the Bulova Corp, the watch and clock maker. (source: 
company website)

Why We Like It:
With such a wide and diversified set of holdings sometimes it can 
be a challenge trying to figure out what or why the stock price 
is moving up or down.  Looking at each individual sector does 
offer a few clues but the sum may be greater than its parts.  The 
insurance sector isn't doing that hot lately although there are a 
couple of stocks holding up.  The oil and oil services sector are 
not drawing a lot of buyers attention so we don't see that being 
a big support for the stock price.  With haven't looked at the 
financials but we can't imagine that watch sales are a real 
driving force for LTR.  Therefore we are left with the tobacco 
sector and the hotel division.  The hotel industry should be 
showing improvement because the major airlines have reported that 
traffic is picking up again.  The tobacco sector has been drawing 
interest because the group is seen as a defensive play during 
times of market weakness and many of the big tobacco players have 
been trading higher this week.  LTR's main strength may be its 
widespread holdings.  If oil does well then the Diamond group 
should draw interest.  If insurance hits the spotlight, etc.  Of 
course the risk is just the opposite.  If one sector gets hit 
then LTR could feel the pain even though only one subsidiary may 
be affected.  A glance at the daily chart shows an incredible 
"V" shaped bottom for the stock price.  The bullish trend took 
most of December off and the stock consolidated sideways but 
buyers have picked up interest again in January.  The stock has 
just now traded above its descending bearish trend line on its 
point-and-figure chart but p-n-f fans should look for and $1 
confirmation first to prove the upside breakout.  The daily chart 
shows a close over resistance at $60, which hasn't occurred since 
mid-July.  The company has earnings at the end of the month and 
there may be some buying interest ahead of the announcement.  
What is encouraging for bullish traders was the recent retest and 
bounce higher of the 10-dma this Thursday/Friday.  There is 
overhead resistance between $64 and $66 but the week long rally 
above its 200-dma looks pretty convincing.  We're going to start 
the play with a stop at $56.99.

Picked on January 18th at $60.15 
Change since picked:       +0.00
Earnings Date           01/31/02 (unconfirmed)




---

Pep Boys Man Moe - PBY - close: 16.00 change: +0.35 stop: 14.99

Company Description:
Pep Boys, which is celebrating its 80th anniversary this year, 
operates 628 stores and over 6500 service bays in 36 states and 
Puerto Rico. Along with its vehicle repair and maintenance 
capabilities, the company also serves the commercial auto parts 
delivery market and is one of the leading sellers of replacement 
tires in the United States. (source: company press release)

Why We Like It:
One of the stronger sectors during the last quarter of 2001 was 
the secondary auto stocks.  Not big manufacturers like Ford, but 
auto parts sellers and service dealers.  Shares of AZO, PBY and 
ORLY all made strong gains.  Likewise, they all began to see 
profit taking in late December that continued well into January.  
Now it appears that PBY has established decent support at $15 and 
is trying to make a comeback.  The sideways consolidation we have 
seen over the last several sessions is very encouraging.  
Thursday shares started to edge higher and Friday found the stock 
making a break back towards its 50-dma and the $16 level.  While 
it didn't close over this support level, holding it during a 
dismal day in the markets was impressive enough.  The MACD 
appears to be confirming that the profit taking appears to be 
over for the time being and will probably produce a bullish 
crossover in a day or two.  Shares of ORLY have a similar pattern 
but PBY has a cleaner trading pattern for us to plan our entry 
and exit points.  On the other hand, AZO, which really out 
performed on the way up still appears like it may have more 
profit taking to endure.  Traders can look for a confirmation 
back above the $16 level or a dip back to the $15.50 level as a 
potential entry point to go long.  We're going to start with a 
stop at $14.99 but we'll adjust it higher after a couple of more 
positive closes.  Traders could target the current highs at 
$18.50 but we're aiming for $18.00 unless shares look strong 
enough to break through overhead resistance.  Our time frame is 
two to four weeks.

Picked on January 18th at $16.00 
Change since picked:       +0.00
Earnings Date           02/14/02 (unconfirmed)





  -----------------
  New Bearish Plays
  -----------------

Silicon Valley Bancshares - SIVB - cls: 22.93 chg: -1.09 stop: 24.56

Company Description:
Silicon Valley Bank serves emerging growth companies in targeted 
niches, focusing on technology and life sciences, while also 
addressing other specific industries in which it can provide a 
higher level of service and better manage credit through 
specialization and focus. (source: company press releases)

Why We Like It:
Shares of SIVB turned in a less than stellar performance the last 
six weeks of 2001.  They did better than some stocks but the 
trading range between $25.00 and $27.50 did not bode well as the 
MACD slowly eroded out from under it.  When the company announced 
its earnings this last Wednesday, investors chose to unload it.  
Results were drastically worse than the year before while the 
company's total assets fell by $1.5 billion or 25.9%.  As a 
result, shares fell through support of $25 on Wednesday.  Two 
days later, the stock had fallen back through its 200-dma at 
$23.65.  Volume has been very strong on the descent and we think 
shares may be able to reach the $20 level before finding support 
again.  We would not be surprised to see a bounce back to its 
200-dma followed by a rollover but the close on near its low on 
Friday does not bode well for Tuesday's open.  We are going to 
start the play with a stop at $24.56, which is just over 
Thursday's high.  We will establish an exit point of $20.05 and 
if shares trade there intraday we'll close the play.  The point-
and-figure chart shows the stock on a fresh column of O's and the 
bullish line of support is down near $19.00.

Picked on January 18th at $22.93
Change since picked:       +0.00
Earnings Date           01/16/02 (confirmed)


 



===============
AT Play Updates
===============

  --------------------
  Bullish Play Updates
  --------------------

Ikon Office Solutions - IKN - cls: 12.44 chg: +0.07 stop: 11.69

Another day, another seven cents.  Shares of IKN traded in a 
fairly narrow range while the rest of the market battled with 
earnings worries and option expiration.  Our strategy comments 
from Tuesday and Thursday have not changed and we continue to 
wait for a close over $12.50.  Dips toward $12.00 still look like 
entry points as the stock should have support there.  Don't 
forget that next week is a shortened week with the markets closed 
on Monday.  IKN should announce earnings on Friday.  We have not 
yet decided if the newsletter will hold over the announcement or 
not.  Traditionally, our strategy is to close short-term position 
ahead of an earnings report.

Picked on January 11th at $12.31 
Change since picked:       +0.13
Earnings Date           01/25/02 (unconfirmed)




---

Trigon Healthcare - TGH - close: 71.41 change: +0.56 stop: 68.49

The Thursday late afternoon rebound in TGH continued into Friday 
but the buying seemed a bit restrained heading into the weekend.  
Volume was decent at $230K.  There really is nothing new to 
report as shares have retested support at $70 after breaking out 
above it on Jan. 9th.  Plan your entry points and keep your stops 
fresh.

Picked on January 11th at $71.42 
Change since picked:       -0.01
Earnings Date           02/08/02 (unconfirmed)




---

UnitedHealth Group - UNH - close: 72.58 change: +0.24 stop: 68.49

More of the same for shares of UNH.  Bulls should be encouraged 
that the stock has maintained its position heading into the 
weekend despite the weakness in the broader markets.  Part of 
this strength could be attributed to investor and analysts 
expectations for the healthcare insuror group.  A Reuters story 
came out recently discussing Wall Street's expectations that this 
group should post decent profits from the 4Q as well as 
encouraging guidance for the year ahead.  UNH is expected to 
announce earnings on Thursday.  With the shortened trading week 
(Monday is closed) there might be some pre-earnings buying 
pressure.  We have not yet decided if we're going to hold over 
the earnings announcement or not.  Normally, we close short-term 
positions ahead of the release.

Picked on January 11th at $71.75 
Change since picked:       +0.83
Earnings Date           01/24/02 (unconfirmed)






  --------------------
  Bearish Play Updates
  --------------------

Andrx Group - ADRX - close: 60.96 change: -1.07 stop: 63.01 *new* 

Don't you just love litigation between drug companies?  This time 
the battle is between Andrx Corp (ADRX) and Biovail (BVF).  As we 
mentioned last night, the early word was that ADRX has lost a 
court battle with BVF.  While true, the results were certainly 
not as damaging as expected, at least not too bad if judged by 
the reaction on Wall Street.  Back in 2000 a Florida court ruled 
that Biovail had unfairly used Federal law to block ADRX from 
selling its generic version of Tiazac, a hypertension drug.  That 
ruling was overturned by a Federal court today.  While it is a 
blow to ADRX, the court did say that ADRX could pursue an action 
through the U.S. FDA to approve its generic copy of Tiazac 
(Reuters).  Biovail and ADRX are still fighting over patent 
infringements.  In response shares of BVF gained ground and while 
ADRX fell lower but neither made staggering moves.  We are 
actually a bit disappointed that ADRX didn't lose more than the 
$1 it did.  Support at the $60 held fast.  While the short-term 
trend is negative, this unexpected strength has us tightening our 
stop on the play.  Our new stop will be $63.01.  If wide-spread 
digestion of this news doesn't promote further selling next week 
then we want to protect a small gain.

Picked on January 4th at $64.14 
Gain since picked:        +3.18
Earnings Date          10/25/01 (confirmed)




---

SPDRS S&P 500 - SPY - cls: 113.15 chg: -0.52 stop: 115.57 *new*

The markets dropped again on Friday with new concerns over the 
earnings outlook and volatility that is normally associated with 
an options expiration Friday.  This is the second time in three 
days that the SPY has bounced or held support at the $112.65 
level.  We're still aiming for the $110 level but again, short-
term traders may want to considering exiting with a profit at 
$112, which is the next level of support.  We are going to move 
our stop to breakeven at $115.57.  More conservative traders who 
really want to tighten their stops could try a stop placement 
near $114 but odds of being hit are probably high.

Picked on January 9th at $115.57
Gain since picked:         +2.42
Earnings Date                n/a 







==================================================================
HIGH RISK/HIGH REWARD (HR) section
==================================================================

===============
HR New Plays
===============

  -----------------
  New Bullish Plays
  -----------------

Expedia, Inc. - EXPE - close: 44.49 change: +0.54 stop: 41.99

Company Description:
Expedia, Inc. operates Expedia.com®, an independent leading 
online travel service in the United States with localized 
versions in Europe and Canada. Expedia is ranked the seventh 
largest travel agency in the U.S. according to Travel Weekly 
Magazine. Expedia.com is also available under Travel on the MSN® 
network of Internet services. (source: company press release)

Why We Like It:
What's not to like about EXPE?  It is one of the few website 
ideas that is actually generating money and the stock has made a 
terrific comeback after the September attacks.  Positive reports 
that air traffic levels are rising towards pre-September numbers 
have helped travel companies like EXPE.  Shares are actually 
higher than their early September prices.  The stock's bullish 
trend has been very strong and pull backs have been supported by 
investors buying the dip.  On January 9th, CSFB came out with 
coverage on three travel companies and EXPE was given a "strong 
buy" with a $54 price target.  This last Wednesday, competitor 
Travelocity announced its most recent earnings and posted a 
profit, which further helped the group.  EXPE pulled back to the 
$42 level on Monday but has slowly edged higher despite the 
negative market action all week.  The chart shows the stock 
trying to breakout above resistance at the $45 level.  The only 
negative we see with a long play on EXPE is the risk of holding 
over its earnings report.  Wall Street is looking for them to 
announce on Thursday.  With the short trading week this only 
gives us a couple of days.   Thus, we're going for the more 
aggressive, high-risk move and plan to hold over the 
announcement.  Traders can choose to look for entries here, on 
dips to $42.50 - $43.00 or a break above the $45.00 level.  The 
initial target is between $50.00, a natural psychological price 
support/resistance level and the 52-week highs near $51.50.  We 
will start the play with a stop at $41.99, which is relatively 
tight for an HR play.  By the way, we did check the point-and-
figure chart and EXPE has broken out above its descending bearish 
resistance line.  Jeff may have to correct me but I think the 
chart is predicting a bullish price objective of $65.  If you 
don't feel comfortable holding over the report on Thursday then 
don't.  

Picked on January 18th at $44.49 
Change since picked:       +0.00
Earnings Date           01/28/02 (confirmed)





===============
HR Play Updates
===============

  --------------------
  Bullish Play Updates
  --------------------

Providian Financial - PVN - close: 4.54 change: -0.05 stop: 3.99

Shares of PVN traded in a very narrow range on Friday hovering 
between $4.40 and $4.50 for the majority of the trading session.  
The last few sessions appear to be building a pennant formation 
on the daily chart.  This tends to happen when a stock 
consolidates sideways before launching a powerful breakout.  The 
challenge for traders is the neutral bias a pennant pattern 
normally reflects.  There is no bias one way or the other for the 
coming breakout.  One might be able to give the bulls a slight 
edge based on the previous prevailing trend but that would be 
admitting your bias.  There wasn't enough data to see the pennant 
forming two days ago or we would have noted it.  Traders may want 
to tighten their stops but we're still betting on an up move 
(obviously our bias).  Volume has all but evaporated which tends 
to confirm the consolidation pattern.  Next week should be an 
interesting one for PVN.  Wall Street is expecting the company to 
announce earnings near the end of the month.

Picked on January 16th at $ 4.33 
Change since picked:       +0.21
Earnings Date           01/29/02 (unconfirmed)





  --------------------
  Bearish Play Updates
  --------------------

Altera Corp. - ALTR - close: 23.01 change: -1.35 stop: 24.20 *new*

We were expecting shares of ALTR to open lower today and then 
trade lower from there.  What we saw was the stock gapping open 
and trading mostly sideways for the majority of the session.  It 
is a new relative low for the short-term trend but we're still 
not excited about ALTR's performance.  Friday's loss was a 5.5% 
drop but shares were up on Thursday.  Traders need to remember 
that the markets are closed on Monday so Tuesday will be a big 
day for ALTR as the company announces earnings.  We're going to 
try and mitigate our risk by lowering the stop to breakeven at 
$24.20.  We are not expecting Wall Street to reward the company 
with gains even if the earnings numbers are better than expected.  
Analysts have already heard from ALTR's chief competitor XLNX and 
the outlook was not that exciting.  One broker actually 
downgraded XLNX on Friday based on valuation concerns.  We 
reiterate our two different exit targets.  Short-term traders can 
aim for the $22 level while longer-term or more diehard bears can 
aim for the $20 area (they should expect some support near $21).  
The slow drift lower since the 9th of January for ALTR has us 
leaning towards the $22 exit idea.  However, we will probably 
wait to see how the street reacts to ALTR's numbers on Tuesday.

Picked on January 11th at $24.20
Gain since picked:         +1.19
Earnings Date           01/22/02 (confirmed)







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DISCLAIMER
=================================================================

This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of PremierInvestor.net may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. PremierInvestor.net
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.

Please read our disclaimer at:
http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html

*****************************************************************
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Newsletter, or any Premier Investor Network newsletter please
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Copyright © 2001  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.





PremierInvestor.net Newsletter         Weekend Edition 01-18-2002
                                                   Section 3 of 3
Copyright © 2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================
To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/6151_3.asp
=================================================================

In section three:

Market Watch for Week of January 21st
   - Major Earnings
   - Stock Splits
   - Economic Reports

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)      
  Breakout to Downside (Stocks over $20)      

=================================================================


==================================================
Market Watch for the week of January 21st
==================================================

  ------------------------
  Major Earnings This Week
  ------------------------

------------------------- MONDAY -------------------------------

ASH    Ashland                Mon, Jan 21  -----N/A-----    0.86
CP     Canadian Pacific Rail  Mon, Jan 21  After the Bell   0.44
XRAY   DENTSPLY International Mon, Jan 21  After the Bell   0.58
DOV    Dover                  Mon, Jan 21  After the Bell   0.16
DPL    DPL                    Mon, Jan 21  -----N/A-----    0.31
ESA    Extended Stay America  Mon, Jan 21  After the Bell   0.10
FISV   Fiserv                 Mon, Jan 21  After the Bell   0.27
HE     Hawaiian Electric      Mon, Jan 21  -----N/A-----    0.77
IFX    Infineon Tech AG       Mon, Jan 21  Before the Bell   N/A
KEM    Kemet                  Mon, Jan 21  After the Bell   0.00
PWAV   Powerwave Technologies Mon, Jan 21  -----N/A-----   -0.04
VMC    Vulcan Materials       Mon, Jan 21  After the Bell   0.49

------------------------- TUESDAY ------------------------------

ACXM   Acxiom                 Tue, Jan 22  Before the Bell  0.13
ADVS   Advent Software        Tue, Jan 22  After the Bell   0.32
ACS    Affiliated Comp Serv   Tue, Jan 22  Before the Bell  0.84
APD    Air Products & Chem    Tue, Jan 22  Before the Bell  0.55
AL     Alcan Inc.             Tue, Jan 22  -----N/A-----    0.18
AGN    Allergan               Tue, Jan 22  Before the Bell  0.60
ALTR   Altera Corporation     Tue, Jan 22  -----N/A-----    0.03
AMZN   Amazon.com             Tue, Jan 22  -----N/A-----   -0.07
AMB    AMB Property           Tue, Jan 22  After the Bell   0.70
DOX    Amdocs Limited         Tue, Jan 22  After the Bell   0.35
AEP    American Elec Power    Tue, Jan 22  -----N/A-----    0.39
AMTD   Ameritrade Holding     Tue, Jan 22  Before the Bell  0.01
AOT    Apogent                Tue, Jan 22  Before the Bell  0.28
AMCC   Applied Micro Cir Corp Tue, Jan 22  After the Bell  -0.04
ARBA   Ariba                  Tue, Jan 22  Before the Bell -0.05
AVB    Avalonbay Communities  Tue, Jan 22  After the Bell   1.03
AVY    Avery Dennison         Tue, Jan 22  During the Market0.60
ACLS   Axcelis Technologies   Tue, Jan 22  -----N/A-----   -0.17
BAC    Bank of America        Tue, Jan 22  Before the Bell  1.24
BKNG   Banknorth Group        Tue, Jan 22  Before the Bell  0.45
BLS    BellSouth              Tue, Jan 22  Before the Bell  0.60
BSYS   BISYS Group            Tue, Jan 22  After the Bell   0.43
BJS    BJ Services            Tue, Jan 22  Before the Bell  0.42
BXP    Boston Properties      Tue, Jan 22  After the Bell   0.94
BG     Bunge Limited          Tue, Jan 22  Before the Bell  0.46
BNI    Burlington N. Santa Fe Tue, Jan 22  Before the Bell  0.57
CDN    Cadence Design Systems Tue, Jan 22  After the Bell   0.26
CBM    Cambrex                Tue, Jan 22  After the Bell   0.34
CNI    Canadian National Rail Tue, Jan 22  After the Bell   0.84
CWG    CanWest Global Comm    Tue, Jan 22  -----N/A-----     N/A
CAH    Cardinal Health        Tue, Jan 22  -----N/A-----    0.63
CDWC   CDW Computer Centers   Tue, Jan 22  After the Bell   0.46
CEY    Certegy                Tue, Jan 22  Before the Bell  0.38
CF     Charter One Financial  Tue, Jan 22  After the Bell   0.59
CKFR   CheckFree              Tue, Jan 22  After the Bell  -0.02
CMRC   Commerce One           Tue, Jan 22  After the Bell  -0.15
CA     Computer Assoc Inter   Tue, Jan 22  After the Bell   0.60
CPWR   Compuware              Tue, Jan 22  After the Bell   0.11
COC    Conoco                 Tue, Jan 22  Before the Bell  0.36
CSX    CSX                    Tue, Jan 22  Before the Bell  0.48
DHI    D.R. Horton            Tue, Jan 22  -----N/A-----    0.77
DTL    Dal-Tile International Tue, Jan 22  Before the Bell  0.29
DV     DeVry                  Tue, Jan 22  -----N/A-----    0.24
DO     Diamond Offshore Drill Tue, Jan 22  Before the Bell  0.28
DFXI   Direct Focus           Tue, Jan 22  After the Bell   0.48
ELNK   EarthLink, Inc.        Tue, Jan 22  -----N/A-----   -0.11
ETN    Eaton                  Tue, Jan 22  Before the Bell  0.61
EMLX   Emulex                 Tue, Jan 22  -----N/A-----    0.09
FCS    Fairchild Semi Inter   Tue, Jan 22  -----N/A-----   -0.04
FRE    Freddie Mac            Tue, Jan 22  Before the Bell  1.12
GMT    GATX                   Tue, Jan 22  -----N/A-----    0.24
GSF    GlobalSantaFe Corp.    Tue, Jan 22  After the Bell   0.43
HCP    Health Care Property   Tue, Jan 22  Before the Bell  0.83
HMA    Health Man Ass, Inc.   Tue, Jan 22  Before the Bell  0.19
HUBb   Hubbell                Tue, Jan 22  -----N/A-----    0.29
ICBC   Indep Community Bank   Tue, Jan 22  After the Bell   0.41
IDTI   Integrated Device Tech Tue, Jan 22  -----N/A-----   -0.13
IP     International Paper    Tue, Jan 22  Before the Bell  0.02
IFIN   Investors Fin Services Tue, Jan 22  -----N/A-----    0.42
JNJ    Johnson & Johnson      Tue, Jan 22  -----N/A-----    0.39
LAF    Lafarge North America  Tue, Jan 22  After the Bell   0.90
LR     Lafarge S.A.           Tue, Jan 22  After the Bell    N/A
LEE    Lee Enterprises        Tue, Jan 22  -----N/A-----    0.37
LU     Lucent Technologies    Tue, Jan 22  Before the Bell -0.25
MCK    McKesson Corporation   Tue, Jan 22  Before the Bell  0.36
MRK    Merck                  Tue, Jan 22  Before the Bell  0.81
MERQ   Mercury Interactive    Tue, Jan 22  After the Bell   0.12
MCHP   Microchip Technology   Tue, Jan 22  After the Bell   0.17
MLNM   Millennium Pharm       Tue, Jan 22  After the Bell  -0.19
MOT    Motorola               Tue, Jan 22  After the Bell  -0.05
NCC    National City          Tue, Jan 22  Before the Bell  0.58
NAP    National Processing    Tue, Jan 22  Before the Bell  0.32
NCR    NCR                    Tue, Jan 22  Before the Bell  0.72
NTIQ   NetIQ                  Tue, Jan 22  After the Bell   0.18
NU     Northeast Utilities    Tue, Jan 22  -----N/A-----    0.39
NVLS   Novellus Systems       Tue, Jan 22  After the Bell   0.11
OPWV   Openwave Systems       Tue, Jan 22  After the Bell  -0.10
PKG    Packaging Corp of Am   Tue, Jan 22  Before the Bell  0.21
PRK    Park National          Tue, Jan 22  -----N/A-----     N/A
PCZ    Petro-Canada           Tue, Jan 22  -----N/A-----     N/A
PPP    Pogo Producing         Tue, Jan 22  -----N/A-----    0.03
PEG    Public Service Ent Gr  Tue, Jan 22  During the Market0.92
RYN    Rayonier               Tue, Jan 22  After the Bell   0.20
RETK   Retek                  Tue, Jan 22  Before the Bell  0.06
RGS    RGS Energy Group       Tue, Jan 22  -----N/A-----     N/A
RHI    Robert Half Inter      Tue, Jan 22  After the Bell   0.09
ROK    Rockwell Automation    Tue, Jan 22  Before the Bell  0.15
SLB    Schlumberger           Tue, Jan 22  Before the Bell  0.33
SLAB   Silicon Laboratories   Tue, Jan 22  After the Bell  -0.01
SWBT   Southwest Bancorp TX   Tue, Jan 22  -----N/A-----    0.41
STK    Storage Technology     Tue, Jan 22  -----N/A-----    0.31
TPP    Teppco                 Tue, Jan 22  Before the Bell  0.45
UBSI   United Bankshares      Tue, Jan 22  Before the Bell  0.49
VIGN   Vignette               Tue, Jan 22  After the Bell  -0.06
VTSS   Vitesse Semiconductor  Tue, Jan 22  After the Bell  -0.13
WWY    Wm. Wrigley Jr.        Tue, Jan 22  -----N/A-----    0.39

-----------------------  WEDNESDAY -----------------------------

ATVI   Activision             Wed, Jan 23  -----N/A-----    0.58
AMG    Affiliated Man Group   Wed, Jan 23  -----N/A-----    0.92
AGRa   Agere Systems          Wed, Jan 23  -----N/A-----   -0.22
ALB    Albemarle              Wed, Jan 23  -----N/A-----    0.31
ABK    Ambac Financial        Wed, Jan 23  Before the Bell  1.07
AHC    Amerada Hess           Wed, Jan 23  -----N/A-----    1.12
AMGN   Amgen                  Wed, Jan 23  After the Bell   0.31
ABI    Applied Biosystems     Wed, Jan 23  After the Bell   0.24
ADM    Archer Daniels Mid Co  Wed, Jan 23  Before the Bell  0.24
BARZ   BARRA                  Wed, Jan 23  Before the Bell  0.46
BCE    BCE                    Wed, Jan 23  Before the Bell  0.26
BDX    Becton Dickinson       Wed, Jan 23  After the Bell   0.34
BA     Boeing                 Wed, Jan 23  Before the Bell  0.89
BOKF   BOK Financial          Wed, Jan 23  -----N/A-----    0.51
EAT    Brinker International  Wed, Jan 23  Before the Bell  0.34
BRCM   Broadcom               Wed, Jan 23  After the Bell  -0.12
BR     Burlington Resources   Wed, Jan 23  Before the Bell  0.04
CFFN   Capitol Federal Fin    Wed, Jan 23  -----N/A-----    0.27
CAT    Caterpillar            Wed, Jan 23  Before the Bell  0.76
CRA    Celera Genomics        Wed, Jan 23  After the Bell  -0.40
CTX    Centex Corporation     Wed, Jan 23  Before the Bell  1.39
CEN    Ceridian               Wed, Jan 23  Before the Bell  0.15
CRUS   Cirrus Logic           Wed, Jan 23  After the Bell  -0.22
CTXS   Citrix Systems         Wed, Jan 23  After the Bell   0.20
COH    Coach                  Wed, Jan 23  Before the Bell  0.96
GLW    Corning                Wed, Jan 23  After the Bell  -0.22
CFR    Cullen/Frost Bankers   Wed, Jan 23  Before the Bell  0.49
CUM    Cummins Inc.           Wed, Jan 23  Before the Bell  0.07
DBD    Diebold                Wed, Jan 23  -----N/A-----    0.62
DD     DuPont                 Wed, Jan 23  Before the Bell  0.11
DYN    Dynegy                 Wed, Jan 23  Before the Bell  0.41
SSP    E.W. Scripps           Wed, Jan 23  Before the Bell  0.48
EFII   Electronics Imaging    Wed, Jan 23  After the Bell   0.16
XOM    Exxon Mobil Corp       Wed, Jan 23  Before the Bell  0.41
FO     Fortune Brands         Wed, Jan 23  -----N/A-----    0.74
FBN    Furniture Brands Inter Wed, Jan 23  After the Bell   0.36
GGG    Graco                  Wed, Jan 23  Before the Bell  0.53
HAL    Halliburton            Wed, Jan 23  After the Bell   0.33
HP     Helmerich & Payne      Wed, Jan 23  -----N/A-----    0.42
IMNX   Immunex                Wed, Jan 23  -----N/A-----    0.08
ISSX   Internet Security Sys  Wed, Jan 23  Before the Bell  0.07
KMG    Kerr-McGee             Wed, Jan 23  -----N/A-----    0.14
KLAC   KLA-Tencor             Wed, Jan 23  -----N/A-----    0.24
KRON   Kronos Incorporated    Wed, Jan 23  -----N/A-----    0.29
LSI    LSI Logic              Wed, Jan 23  After the Bell  -0.24
MKC    McCormick & Co         Wed, Jan 23  Before the Bell  0.94
MMM    Minnesota Min & Manu   Wed, Jan 23  Before the Bell  0.97
NATI   National Instruments   Wed, Jan 23  -----N/A-----    0.13
NSCN   Netscreen Tech Inc.    Wed, Jan 23  After the Bell    N/A
NYCB   New York Comm Bancorp  Wed, Jan 23  Before the Bell  0.37
GAS    Nicor                  Wed, Jan 23  After the Bell   0.97
NSC    Norfolk Southern       Wed, Jan 23  -----N/A-----    0.23
PTV    Pactiv                 Wed, Jan 23  After the Bell   0.28
PMI    PMI Group              Wed, Jan 23  Before the Bell  1.81
PNM    PNM Resources          Wed, Jan 23  After the Bell   0.35
PLCM   Polycom Incorporated   Wed, Jan 23  -----N/A-----    0.14
PX     Praxair Incorporated   Wed, Jan 23  Before the Bell  0.69
PGN    Progress Energy        Wed, Jan 23  Before the Bell  0.54
PGR    Progressive            Wed, Jan 23  After the Bell   1.81
QLGC   QLogic                 Wed, Jan 23  After the Bell   0.19
RDN    Radian Group           Wed, Jan 23  After the Bell   0.98
RTN    Raytheon Co.           Wed, Jan 23  After the Bell   0.41
RGIS   Regis Corporation      Wed, Jan 23  -----N/A-----    0.37
REY    Reynolds&Reynolds      Wed, Jan 23  -----N/A-----    0.34
SAP    SAP A.G. ADS           Wed, Jan 23  -----N/A-----    0.23
SEPR   Sepracor               Wed, Jan 23  Before the Bell -1.16
SIB    SI Bank & Trust        Wed, Jan 23  After the Bell   0.32
SEBL   Siebel Systems         Wed, Jan 23  After the Bell   0.09
SI     Siemens                Wed, Jan 23  -----N/A-----     N/A
SOV    Sovereign Bancorp      Wed, Jan 23  After the Bell   0.27
SPC    St. Paul Companies     Wed, Jan 23  Before the Bell -2.20
STM    STMicroelectronics     Wed, Jan 23  Before the Bell  0.06
SUN    Sunoco                 Wed, Jan 23  08:00 am ET      0.14
TLAB   Tellabs                Wed, Jan 23  Before the Bell  0.02
VSEA   Varian Semiconductor   Wed, Jan 23  -----N/A-----   -0.39
VVC    Vectren                Wed, Jan 23  After the Bell   0.50
WB     Wachovia               Wed, Jan 23  Before the Bell  0.59
WEBM   WebMethods             Wed, Jan 23  After the Bell  -0.17
WBST   Webster Financial      Wed, Jan 23  -----N/A-----    0.71
WY     Weyerhaeuser           Wed, Jan 23  Before the Bell  0.01
WIN    Winn-Dixie Stores      Wed, Jan 23  After the Bell   0.25

------------------------- THURSDAY -----------------------------

ADPT   Adaptec                Thu, Jan 24  After the Bell   0.06
ATG    AGL Resources          Thu, Jan 24  -----N/A-----    0.43
ARG    Airgas                 Thu, Jan 24  After the Bell   0.16
ACV    Alberto-Culver         Thu, Jan 24  During the Market0.49
ALEX   Alexander&Baldwin      Thu, Jan 24  After the Bell    N/A
ALE    Allete                 Thu, Jan 24  Before the Bell  0.29
ATK    Alliant Techsystems    Thu, Jan 24  Before the Bell  0.93
AT     Alltel Corporation     Thu, Jan 24  After the Bell   0.74
AXL    Am Axle & Manu Hold    Thu, Jan 24  -----N/A-----    0.53
AHP    American Home Products Thu, Jan 24  Before the Bell  0.62
ABC    AmerisourceBergen      Thu, Jan 24  Before the Bell  0.62
ACI    Arch Coal              Thu, Jan 24  Before the Bell  0.15
ASFC   Astoria Financial      Thu, Jan 24  Before the Bell  0.61
ATML   Atmel                  Thu, Jan 24  After the Bell  -0.07
ALV    Autoliv                Thu, Jan 24  -----N/A-----    0.21
BLL    Ball                   Thu, Jan 24  Before the Bell  0.65
BRL    Barr Laboratories      Thu, Jan 24  -----N/A-----    1.32
BOL    Bausch & Lomb          Thu, Jan 24  -----N/A-----    0.42
BAX    Baxter International   Thu, Jan 24  Before the Bell  0.53
BMS    Bemis                  Thu, Jan 24  Before the Bell  0.68
BGEN   Biogen                 Thu, Jan 24  Before the Bell  0.48
BMC    BMC Software           Thu, Jan 24  After the Bell   0.07
BORL   Borland                Thu, Jan 24  After the Bell   0.07
BMY    Bristol-Myers Squibb   Thu, Jan 24  Before the Bell  0.59
CBT    Cabot                  Thu, Jan 24  After the Bell   0.48
CCMP   Cabot Microelectronics Thu, Jan 24  Before the Bell  0.38
CERN   Cerner                 Thu, Jan 24  After the Bell   0.29
CPS    ChoicePoint            Thu, Jan 24  Before the Bell  0.35
CIN    Cinergy                Thu, Jan 24  -----N/A-----    0.69
CNX    CONSOL Energy          Thu, Jan 24  -----N/A-----    0.14
CVG    Convergys Corporation  Thu, Jan 24  Before the Bell  0.37
CBE    Cooper Industries      Thu, Jan 24  Before the Bell  0.65
CVD    Covance                Thu, Jan 24  After the Bell   0.16
CR     Crane                  Thu, Jan 24  Before the Bell  0.30
CY     Cypress Semiconductor  Thu, Jan 24  Before the Bell -0.11
DL     Dial                   Thu, Jan 24  Before the Bell  0.26
DLTR   Dollar Tree Stores     Thu, Jan 24  After the Bell   0.64
D      Dominion Resources     Thu, Jan 24  -----N/A-----    0.87
DJ     Dow Jones              Thu, Jan 24  Before the Bell  0.30
EK     Eastman Kodak          Thu, Jan 24  Before the Bell  0.12
EMC    EMC                    Thu, Jan 24  Before the Bell -0.07
EEP    Enbridge Energy Part   Thu, Jan 24  -----N/A-----    0.27
ENR    Energizer Holdings     Thu, Jan 24  During the Market0.53
ESV    ENSCO International    Thu, Jan 24  Before the Bell  0.17
EFX    Equifax                Thu, Jan 24  Before the Bell  0.32
EXLT   EXULT                  Thu, Jan 24  After the Bell  -0.05
FDC    First Data             Thu, Jan 24  Before the Bell  0.73
BEN    Franklin Resources     Thu, Jan 24  After the Bell   0.41
GTW    Gateway                Thu, Jan 24  After the Bell   0.00
GNTX   Gentex                 Thu, Jan 24  -----N/A-----    0.22
GP     Georgia-Pacific        Thu, Jan 24  Before the Bell  0.02
HSY    Hershey Foods          Thu, Jan 24  -----N/A-----    0.90
ITWO   i2 Technologies        Thu, Jan 24  -----N/A-----   -0.10
NDE    IndyMac Bancorp Inc.   Thu, Jan 24  Before the Bell  0.57
IR     Ingersoll-Rand Co. Ltd Thu, Jan 24  Before the Bell  0.52
ICST   Integrated Circuit Sys Thu, Jan 24  -----N/A-----    0.15
IGT    Inter Gaming Tech      Thu, Jan 24  Before the Bell  0.65
IRF    International Rect     Thu, Jan 24  After the Bell   0.16
ITT    ITT Industries         Thu, Jan 24  Before the Bell  0.85
JDSU   JDS Uniphase           Thu, Jan 24  After the Bell  -0.02
KSE    KeySpan Energy         Thu, Jan 24  Before the Bell  0.76
KMB    Kimberly Clark         Thu, Jan 24  -----N/A-----    0.80
LRCX   Lam Research           Thu, Jan 24  After the Bell   0.00
LSCC   Lattice Semiconductor  Thu, Jan 24  Before the Bell  0.05
LXK    Lexmark Inter, Inc     Thu, Jan 24  Before the Bell  0.44
MYG    Maytag                 Thu, Jan 24  Before the Bell  0.41
MCDTA  McData Corporation     Thu, Jan 24  After the Bell    N/A
MCD    McDonald`s             Thu, Jan 24  -----N/A-----    0.34
MDU    MDU Resources          Thu, Jan 24  -----N/A-----    0.40
MEDI   MedImmune              Thu, Jan 24  -----N/A-----    0.46
MENT   Mentor Graphics        Thu, Jan 24  After the Bell   0.42
MIL    Millipore              Thu, Jan 24  After the Bell   0.40
MYL    Mylan Laboratories     Thu, Jan 24  -----N/A-----    0.55
NBR    Nabors Industries      Thu, Jan 24  -----N/A-----    0.40
NFG    National Fuel Gas      Thu, Jan 24  After the Bell   0.48
NOK    Nokia                  Thu, Jan 24  Before the Bell  0.18
NST    NSTAR                  Thu, Jan 24  -----N/A-----    0.72
OLDB   Old National Bancorp   Thu, Jan 24  -----N/A-----    0.42
PSFT   PeopleSoft             Thu, Jan 24  After the Bell   0.16
PBG    Pepsi Bottling Group   Thu, Jan 24  Before the Bell  0.04
PRGN   Peregrine Systems      Thu, Jan 24  -----N/A-----   -0.08
PKI    PerkinElmer            Thu, Jan 24  Before the Bell  0.30
P      Phillips Petroleum     Thu, Jan 24  Before the Bell  0.71
PMCS   PMC-Sierra             Thu, Jan 24  After the Bell  -0.16
POM    Potomac Electric       Thu, Jan 24  After the Bell   0.30
QGENF  QIAGEN                 Thu, Jan 24  Before the Bell  0.07
QCOM   Qualcomm               Thu, Jan 24  After the Bell   0.23
DSS    Quantum-DLT & St Group Thu, Jan 24  After the Bell   0.01
QTRN   Quintiles Trans        Thu, Jan 24  Before the Bell  0.11
RJR    R.J. Reynolds Tob Hold Thu, Jan 24  -----N/A-----    0.92
RDA    Reader`s Digest Ass    Thu, Jan 24  Before the Bell  0.75
RGA    Reinsurance Grp of Am  Thu, Jan 24  After the Bell   0.63
RNR    RenaissanceRe Holdings Thu, Jan 24  After the Bell   1.91
RESP   Respironics            Thu, Jan 24  Before the Bell  0.32
RSAS   RSA Security           Thu, Jan 24  After the Bell   0.00
SANM   Sanmina-SCI Corp.      Thu, Jan 24  After the Bell   0.06
SLE    Sara Lee               Thu, Jan 24  Before the Bell  0.39
SBC    SBC Communications     Thu, Jan 24  Before the Bell  0.62
SGP    Schering-Plough        Thu, Jan 24  Before the Bell  0.36
SMG    Scotts                 Thu, Jan 24  Before the Bell -1.85
SEE    Sealed Air             Thu, Jan 24  Before the Bell  0.47
SRE    Sempra Energy          Thu, Jan 24  Before the Bell  0.50
SJR    Shaw Communications    Thu, Jan 24  Before the Bell   N/A
SOI    Solutia                Thu, Jan 24  After the Bell  -0.06
SO     Southern Company       Thu, Jan 24  Before the Bell  0.15
SWK    Stanley Works          Thu, Jan 24  Before the Bell  0.57
SBUX   Starbucks              Thu, Jan 24  After the Bell   0.15
STE    Steris                 Thu, Jan 24  -----N/A-----    0.20
SY     Sybase                 Thu, Jan 24  After the Bell   0.24
TXT    Textron                Thu, Jan 24  Before the Bell  0.44
TRB    Tribune                Thu, Jan 24  Before the Bell  0.19
TRW    TRW                    Thu, Jan 24  Before the Bell  0.67
UNP    Union Pacific          Thu, Jan 24  Before the Bell  0.95
VARI   Varian, Inc.           Thu, Jan 24  Before the Bell  0.32
VRSN   VeriSign               Thu, Jan 24  After the Bell   0.19
VVI    Viad                   Thu, Jan 24  Before the Bell  0.19
WAT    Waters Corporation     Thu, Jan 24  Before the Bell  0.42
WDC    Western Digital        Thu, Jan 24  After the Bell   0.03
ZION   Zions Bancorp          Thu, Jan 24  After the Bell   0.83

------------------------- FRIDAY -------------------------------

DST    DST Systems            Fri, Jan 25  After the Bell   0.40
EAS    Energy East            Fri, Jan 25  After the Bell   0.61
ERICY  Ericsson LM Telephone  Fri, Jan 25  -----N/A-----   -0.03
HR     Healthcare Realty Trst Fri, Jan 25  -----N/A-----    0.67
IKN    Ikon Office Solutions  Fri, Jan 25  Before the Bell  0.17
IMO    Imperial Oil Limited   Fri, Jan 25  -----N/A-----     N/A
KRI    Knight-Ridder          Fri, Jan 25  -----N/A-----    0.89
LMT    Lockheed Martin        Fri, Jan 25  -----N/A-----    0.48
MRO    Marathon Oil Corp      Fri, Jan 25  -----N/A-----    0.44
MEA    Mead                   Fri, Jan 25  -----N/A-----   -0.24
OEI    Ocean Energy           Fri, Jan 25  Before the Bell  0.11
PGL    Peoples Energy         Fri, Jan 25  Before the Bell  0.95
SNE    Sony                   Fri, Jan 25  Before the Bell   N/A
X      United State Stl Corp. Fri, Jan 25  -----N/A-----   -0.86
UST    UST Inc                Fri, Jan 25  During the Market0.81


  -------------------------------
  Upcoming Stock Splits This Week
  -------------------------------

Upcoming Stock Splits This Week...

Symbol  Company Name         Splits  Payable    Executable
  
CHS     Chicos FAS Inc       3:2     01/18      01/21
CVB     Financial CVBF       5:4     01/18      01/21


  --------------------------
  Economic Reports This Week
  --------------------------

As the second major week of the 4Q earnings season begins,
investors are still trying to digest the earnings numbers and
2002 guidance from the big cap companies that announced last 
week.  Using this week as a guide, we're likely to see big one
day moves fueled by earnings victories one day and earnings 
disasters the next.  Trade cautiously!


Monday, 01/21/02
----------------
-- none -- market is closed


Tuesday, 01/22/02
-----------------
Leading Indicators (DM) Dec  Forecast:   0.7%  Previous:    0.5%
Treasury Budget (DM)    Dec  Forecast: $24.0B  Previous:  $32.7B


Wednesday, 01/23/02
-------------------
None


Thursday, 01/24/02
------------------
Initial Claim (BB)    01/19  Forecast:    400K  Previous:    384K


Friday, 01/25/02
----------------
Existing Home Sales (DM)Dec  Forecast:   5.16M  Previous:   5.21M

Definitions:
DM=  During the Market
BB=  Before the Bell
AB=  After the Bell



==================
  Trading Ideas 
==================

This section contains stocks that meet criteria which may make 
them of interest to long and short side traders.  These are not 
recommendations, nor have they been reviewed by PremierInvestor 
editors for investment potential.  However, each of them has 
technical and fundamental characteristics that make them worthy 
of further review by traders and investors looking for fresh ideas. 
New stocks will appear daily following the market close.  

--------------------------------- 
Value Plays With Bullish Signals 
--------------------------------- 
Ticker  Company Name               Close     Change 

JCE     Johnson Controls Inc       78.20     +0.71
OHP     Oxford Health Plans Inc    37.75     +1.12
AXL     American Axle & Mfg        23.10     +0.93
LSTR    Landstar System Inc        79.47     +1.30
PHSY    Pacificare Health Systems  18.66     +1.09
CMC     Commercial Metals Co       35.45     +0.69
TSCO    Tractor Supply Co          39.77     +1.83

--------------------------------------- 
Breakout to Upside (Stocks $5 to $20) 
--------------------------------------- 
Ticker  Company Name               Close     Change 

ELON    Echelon Corp               16.73     +3.53
VVUS    Vivus Inc                   8.08     +1.08
RMCI    Right Mgmt Consultants     19.44     +1.76
TSA     Sports Authority Inc        6.72     +1.22

--------------------------------------- 
Breakout to Upside (Stocks over $20) 
--------------------------------------- 
Ticker  Company Name               Close     Change 

LOW     Lowe's Companies Inc       43.40     +1.70
SFA     Scientific-Atlanta Inc     26.70     +2.90
EAT     Brinker Intl.              32.52     +1.02
POS     Catalina Marketing Corp    38.04     +1.49
RBK     Reebok Intl. Ltd           27.31     +1.51
MROI    MRO Software Inc           29.20     +4.07
MKT     Advanced Marketing Svcs    23.25     +2.75

----------------------------------------- 
Breakout to Downside (Stocks over $20) 
------------------------------------------- 
Ticker  Company Name               Close     Change 

VIA     Viacom Inc                 40.70     -1.36
MSFT    Microsoft Corp             66.10     -3.76
IBM     Intl. Business Machines   114.25     -5.65
MU      Micron Technology          31.79     -2.21
RTRSY   Reuters Group              53.16     -1.34
ELN     Elan Corp                  38.65     -6.15

----------------------------------------- 
Recently Overbought With Bearish Signals (Stocks over $20)
------------------------------------------- 
Ticker  Company Name               Close     Change 

NEM     Newmont Mining Corp        20.20     -0.45





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Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.

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Littleton, CO 80163

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