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Daily Newsletter, Friday, 11/15/2002

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PremierInvestor.net Newsletter          Weekend Edition 11-15-2002
                                                    section 1 of 3
Copyright ) 2002, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section one:

Market Wrap:      Bad News Rally
Play-of-the-Day:  Bushwhacked Bears
Watch List:       AMZN, AT, DOX, FRX, GNSS, UHS, and much more...
Market Sentiment: This Bears Watching

******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
       WE 11-15        WE 11-08        WE 11-01        WE 10-25
DOW     8579.09 + 41.96 8537.13 + 19.49 8517.64 + 73.65 +121.59
Nasdaq  1411.14 + 51.86 1359.29 -  1.41 1360.70 + 29.57 + 43.27
S&P-100  463.72 +  6.33  457.39 -  0.77  458.16 +  2.51 +  6.63
S&P-500  909.83 + 15.09  894.74 -  6.22  900.96 +  3.31 + 13.26
W5000   8584.05 +145.25 8438.80 - 63.40 8502.20 + 51.56 +126.86
RUT      385.92 +  6.93  378.99 -  4.46  383.45 + 10.81 +  9.27
TRAN    2333.20 - 13.68 2346.88 + 31.20 2315.68 +  2.37 + 34.22
VIX       30.83 -  2.73   33.56 -  0.42   33.98 -  2.29 -  3.55
VXN       49.68 -  2.33   52.01 +  2.15   49.86 -  0.53 -  4.94
TRIN       0.67            1.80            0.95            0.89
Put/Call   0.57            1.05            0.71            0.77
******************************************************************

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

Bad News Rally
by Jim Brown

It was a great Friday. Bad news was breaking out all over and
investors were celebrating by going long. A seven-month low in
Capacity Utilization, two year high in PPI, Industrial Production
down -0.8%, warnings of spectacular terrorist attacks in the
pipeline and the markets closed near the highs of the day. All
we need now is a rogue comet on collision course with earth and
Dow 10,000 should be a sure thing.

Dow Chart - Daily


Dow Chart - 30 min


Nasdaq Chart - Daily


Economically it was not a good Friday. Business inventories
increased faster than expected at +0.5% but analysts were not
sure if it was due to slower sales or a buildup for the holidays.
The period covered was prior to the dock strike and the buildup
could have been an attempt to beat the anticipated strike.

Things got worse with the Industrial Production which fell -0.8%
and much worse than the -0.3% expected. This was the third month
in a row that all components of the index declined. This was
also the biggest drop since September of last year. Durable
goods production dropped by -1.2% and autos fell -5.2%. This is
clearly a major problem and is a strong argument for a new
recessionary double dip. Many think this was the smoking gun
that prompted the Fed to cut rates so drastically. Capacity
Utilization fell to 75.2%, a seven-month low, and not far from
20 year lows. This means companies have no pricing power and
excess inventory is being produced just to keep plants from
being shuttered. This depresses prices even further as price
cut incentives are used to beat the competition and turn the
excess inventory.

On the other side of the coin the PPI jumped +1.1% and well
over 0.3% expectations. Energy prices and an increased cost
of core materials are finally being felt in prices. This
inflation, while far from critical, will give the Fed something
to fear if the trend continues. With the excess liquidity in
the system and the recent 50 point rate cut the Fed will not
be happy to see inflation spiking so rapidly. The number
actually spiked the Fed funds futures for December to an 8%
chance of a 25 point tightening. While 8% is not a strong
chance it is proof that new inflation worries may need to
be acted upon quickly. Given that the majority of the increases
were due to energy I think the Fed has a long time to wait
before needing to act again.

The best news of the day was a spike in Consumer Sentiment
in the preliminary number for November. The number jumped to
85.0 from 80.6 in October. Sentiment had declined for five
consecutive months and the gain today nearly offset the
October decline. Consumers do not seem to be concerned about
Iraq and the stock market appears to have bottomed in October.
The bounce could have just been an over reaction from the
election, the rate cut and the capture of the sniper. The
real problem for consumers remains unemployment. As seen by
the +89,000 rise in continuing claims this week that problem
has not gone away. Consumer sentiment should continue to rise
slightly as typical holiday cheer begins to impact the numbers.
Desperation sales by retailers will help stretch limited budgets
and that will improve spirits. The fed rate cut will allow for
one more round of mortgage refinancing and consumers will
likely jump on that as a way to fund holiday buying.

It appears they will not be buying computers. The Gartner Group
lowered their estimates for growth in PC demand to only +1.1%
for the fourth quarter. This barely breakeven number is even
worse when you add in the current price wars underway. There
are new desktop computers being advertised now for under $200
which shows the lack of demand and the lack of profits in the
retail sector. My unofficial price check on components showed
512MB 333 MHZ DDR ram down to $133 a stick. This was over $200
three months ago. This is what we use in our high-end processors.
I bought four 120GB IBM Deskstar 7200 RPM disk drives on Friday
for $146 each. I paid $229 for the same drives 60-90 days ago.
If we wait long enough Gateway will be throwing in a $1000 flat
screen HDTV with every $995 desktop computer sold. The fact
remains prices only drop this fast due to over capacity and
very low demand. Think about it. In order for chip and computer
manufacturers to break even on revenue each quarter they have
to sell 35% more product to offset the 25% drop in price.

The wild card for consumer sentiment this month is the new
warnings from the FBI. They warned of a new and spectacular
terrorist attack possible in the immediate future. They said
Al Quaeda was likely to be planning a very high profile attack
on high profile targets. The target could be of high symbolic
importance and after the success in impacting the stock market
on 9/11 they think they could target the financial system as
well. Malls, sporting events, power plants, railroads and
hospitals have been mentioned as possible targets. Many think
Osama risked going public with his survival this week in order
to trigger sleeper cells to act on plans already in place as
the holidays approach. Since everyone thought he was dead the
heat to find him had diminished. By going public he took the
spotlight again and restarted that search. Analysts think he
took that risk only because he had to do it to launch the next
set of attacks. If an attack occurs at a mall or sporting event
the bouncing consumer sentiment will be history. The good news?
The market ignored the warning and business continued as usual.

It appears the markets have shaken off all the bad news possible
and are determined to forge ahead. High profile downgrades on
Friday of GE, DE, INTC, DELL, ADI, AMCC, CNXT, PMCS, MERQ, BEAS,
FDX, GILD, CEPH, NBIX, ACS, XMSR and FBF to name a few, failed
to tank the market even with the negative economic news. Investors
have been hearing how bad it is for so long it appears they may
just be ready to bite the bullet and buy stocks. With money
market funds not paying enough interest to justify letting them
hold the money, investors may be shifting funds back to stocks
on the hopes that the worst is behind them. Mutual funds have
seen inflows of cash for two consecutive weeks and now they have
to spend it. Fund managers are faced with competitive pressures.
If other funds are buying stocks then they must follow suit
regardless of their bias. They can't afford to let the
competition get ahead of them in the race for investor results.

The markets actually broke out to new highs for the week at the
close. The Dow broke two resistance levels of 8500 and 8550 on
its rebound and the Nasdaq is very close to the quadruple top
of 1425 that dates back to the first breakout attempt on August
17th. A break of Nasdaq 1425 could energize the other indexes
and power them past resistance as well. With the Nasdaq being
the strongest index this week and no material profit taking
Friday on lots of negative news it appears poised to test
that 1425 level on Monday. Next week is slow economically and
has few earnings events. Investors will be gearing up to be
consumers as Thanksgiving kicks off the holiday shopping season.

Negative economic news, bad earnings and downgrades have all
failed to knock the markets back to October. Assuming there
are no spectacular attacks to test our resolve there is little
on the "surface" to prevent the markets from moving higher.
However, we all know from experience that when things look
the brightest disasters tend to happen. The biggest fear for
investors this week should be of a roll over by the Dow at
8600-8650 to complete the right shoulder of the current
pattern which could stop this rally cold.

The week before Thanksgiving has produced gains for the
S&P-500 nine years in a row. Nobody can guarantee that that
streak will stretch to ten but most of the bad news has
already been factored into the markets or at least that is
what analysts appear to be telling us. According to them the
biggest risk facing most investors is not a terrorist attack
but not being in the market if an explosive rally occurs.
While I would applaud a breakout over current resistance
levels I would caution you that we need to see those levels
broken (Dow 8650, Nasdaq 1425) before betting the holiday
shopping budget by going long.

Enter Very Passively, Exit Very Aggressively!

Jim Brown

"No profession requires more hard work, intelligence, patience
and mental discipline than successful investing.  - Robert Rhea


=========================
Play-of-the-Day (BULLISH)
=========================
(( new Active Trader/non-tech long))

St. Paul Co. - SPC - close: 35.05 change: +1.23 stop: *text*

Company Description:
The St. Paul Companies, headquartered in Saint Paul, Minn., USA,
provides commercial property-liability insurance products and
asset management services. The St. Paul reported 2001 revenues
from continuing operations of $8.9 billion and total assets of
$38.3 billion. (source: company press release)

Why We Like It:
During our stock scans on Friday we noticed an inordinate number
of insurance issues breaking to the upside.  On the surface it
looks like this is simply a result of the rising broader market
helping to lift stocks above resistance.  To be sure, the past
few days of gains in the major indices haven't hurt the bulls'
cause.  But we suspect something deeper is at work here.  The Dow
Industrials have gained 3.3% from the Wednesday lows.  Meanwhile,
the IUX.X insurance index is up 5.2% over the same time period.
We think this relative strength can be attributed to the recent
midterm elections.  Insurance stocks, particularly of the
property & casualty variety, may a prime benefactor of the
Republican takeover of the Senate.  With the GOP controlling the
White House and both chambers of Congress, President Bush should
have much greater success in pushing through his agenda.  One of
his top priorities is terrorism insurance.  In a nutshell, Bush
hopes to provide government guarantees for companies that issue
terrorism protection policies.  In a recent speech, he cited a
survey that showed more than $15 billion in real estate
transactions have been canceled or put on hold because of a lack
of terrorism insurance.  Constant vague government warnings of
future attacks underscore the risk associated with providing
policies.  With the protection of a government guarantee,
companies such as SPC will be able to meet the demand for new
policies at more reasonable rates.  Both the House and Senate
passed terrorism insurance legislation, but a joint bill was
never approved.  This could quickly change once the GOP-
controlled Senate convenes in January.

Overall we think these developments could serve to push SPC
higher in the near-term.  On a technical basis we like how the
stock has broken above resistance in the $34.75-$35.00 region.
Today's 3.6% gain outpaced the Dow Jones and created a double-top
buy signal on the point-and-figure chart.  The oscillators look
strong as well, with the daily stochastics trending higher and
MACD on the verge of a bullish crossover.  On the daily chart
there's also a notable lack of resistance until the 200-dma at
$38.58.  We're going to target a move to this area, which would
be roughly a 10% gain from current levels.  Because we'd like to
see a little more bullish confirmation before entering this paper
trade, we'll place a trigger to go long at $35.11.  If the play
is activated our stop will be set at $33.18, two cents under
Thursday's low.

Picked on November xxth at $xx.xx <-- see text
Results since picked:       +0.00
Earnings Date            10/23/02 (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
---------------------------------

Amazon.com - AMZN - close: 22.25 change: +1.04

WHAT TO WATCH: CNBC viewers may have seen those clips of Amazon
CEO Jeff Bezos laughing hysterically during an interview.  He's
got a whole lot to be happy about these days, with Wall Street
applauding his company's successful business model.  AMZN trended
sharply higher from its July lows near $12.00 and recently
consolidated its gains under $20.00.  Shares broke through this
resistance level on Wednesday and have traded explosively higher.
The quadruple-top breakout on the p-n-f chart helps to explain
the rapid gains.  With shares up more than 10% over the past
three days, we wouldn't be looking to chase AMZN higher.
However, a pullback to $20.00 would be very tempting.  This level
coincides with the stock's multi-month trend of higher lows.
AMZN might also get a seasonal bounce ahead of the all-important
holiday season.




---

Alltel Corp - AT - close: 49.94 change: +0.70

WHAT TO WATCH: Scanning through our list of the sector indices at
the end of the week, we were surprised to see how strong the
combined telecom index looks.  The IXTCX rallied to a multi-month
high in early November before pulling back to its 20-dma.  After
a few days of consolidation above that moving average, the index
resumed its upward journey.  A breakout above 117.40 would bode
well for telecom bulls.  Trading in AT has mirrored IXTCX.  The
stock pulled back to its 20-dma (also the location of the 200-
dma) near $48.00 and is now moving towards resistance at $52.00.
The rising oscillators suggest that AT has a pretty good chance
of breaking above this level.  The last breakout attempt was not
accompanied by bullish oscillators.  Long positions can be
evaluated on a move above $50.08, targeting a rally to the April
highs near $56.00.




---

Cross Country - CCRN - close: 16.03 change: +0.16

WHAT TO WATCH: This healthcare staffing provider reported its
second-quarter earnings on August 6th.  Although the EPS results
were 1 cent above consensus estimates, a shift in revenue growth
sent the stock plummeting from $23 to $12 in just two days.
Merrill Lynch immediately stepped in and defended CCRN, saying
that the stock was trading well below its 25% long-term EPS
growth rate.  The firm said shares could rebound to the low $30's
over the next year.  Fast-forward to the next earnings
announcement on November 4th, and things aren't looking so bad.
Cross Country met estimates and reported an 18% increase in
revenues.  The stock has trended higher since the announcement,
and Friday's trading produced a new multi-month high.  The p-n-f
chart is showing a double-top buy signal.  We don't know if
Mother Merrill's 12-month target is viable, but it certainly
looks like CCRN could reach the $20.00 area.  Aggressive entries
can be gauged on a move above $16.50 or a pullback to $15.00.




---

Deluxe Corp - DLX - close: 44.81 change: +0.12

WHAT TO WATCH: Our scan of hundreds of stock charts turned up
precious few possible shorts on Friday.  DLX was one of those
bearish candidates, but then it bounced with the market in the
afternoon!  What we liked about DLX was the way it had broken
under its 200-dma ($44.25) and historical support at $44.00.
Other than the September low ($43.16) and the 100-dma at $43.32,
there are no major levels of support to prevent a retest of the
$35.00 level.  If the today's late-session gains evaporate next
week this stock just might be a decent short trade.  We'd be
using a break under $43.18 as an action point to get short.




---

Amdocs - DOX - close: 10.55 change: +1.05

WHAT TO WATCH: DOX lost nearly half of its value on June 20th
after the company issued an earnings warning and gave its CEO the
axe.  The stock gapped below $10.00 and stayed in the single-
digits until today's session, when it extended Thursday's rally
and exploded to an 11% gain.  This has come in spite of the
company's recent earnings report, where the Amdocs' CEO said the
following: "Clearly the market is not as strong...If anything, we
witnessed deterioration.  We don't see any improvement in the
near term."  That sounds awful, but lately Wall Street has a way
of ignoring bad news.  On a strictly technical basis it looks
like DOX could fill in the remainder of its June gap and move to
the $14.00-$14.50 area.  Traders with a high risk tolerance can
look for entries on a pullback to $10.00.




---

Florida Rock Ind. - FRK - close: 38.20 change: +1.50

WHAT TO WATCH: Rock on!  On Wednesday night FRK announced Q4
earnings and beat analyst expectations by seven cents.  This
upside surprise helped to push the stock above its 200-dma at
$36.78.  Shares gained 4.0% on Friday and closed just under
bearish resistance on the p-n-f chart.  FRK doesn't have any
significant resistance on the bar chart until $42.00.  Aggressive
traders could think about going long on a move above $39.00, but
the optimal entry point would probably be a pullback to the 200-
dma.




---

Genesis Microchip - GNSS - close: 17.17 change: +0.87

WHAT TO WATCH: Chip stocks continue to trade strong, despite the
recent negative earnings announcement from AMAT.  The SOX.X
rebounded after dipping under 300 and could be headed for a test
of near-term resistance at 330.  We think GNSS would be an
attractive long play if the sector continues to move higher.
Shares have been trending higher for more than a month and are
currently resting just under the 200-dma at $17.37.  A breakout
above this moving average would open the door for a move to the
$20.00 area.  The uptrending oscillators provide confirmation of
technical strength.  GNSS has already rallied sharply in recent
days, so conservative traders need not apply.




---

Ohio Casualty Corp - OCAS - close: 12.77 change: +0.73

WHAT TO WATCH: Wall Street reacted quite negatively to Ohio
Casualty's October 30th earnings report.  The company reported an
operating loss of $1.08/share, compared to the previous year's
loss of only $0.03/share.  OCAS was hammered for a heavy loss in
the days that followed, before finally finding support at $11.00.
The stock has rebounded off this area over the past three
sessions and closed near the best levels of the week.  Investors
seem to think that the recent sell-off was overdone.  On a
technical basis it looks like the stock could continue to retrace
its losses.  Aggressive traders can think about going long if
OCAS moves above $13.00.  Psychological resistance at $15.00
would be a good initial target to aim for.




---

Universal Health Services - UHS - close: 46.70 change: +1.50

WHAT TO WATCH: Fallout from the THC collapse rained on the entire
healthcare sector last week.  Speculation that UHS had similar
issues with its Medicare outlier payments sent the stock from $50
to $43 in just two days.  On Tuesday the company pointed out that
these worries were blown out of proportion, because UHS gets less
than 1% of its net revenue from outlier payments.  This seems to
have soothed investors.  Shares have bounced back and seem to be
gaining upside momentum.  The stock plowed through the 200-dma
($46.15) on Friday and continued to retrace the post-THC selloff.
UHS is currently in a "fast-move" region, meaning that it could
rally to the $50.00 area in a relatively short amount of time.
Watch for a pullback to the 200-dma or a rally above today's high
($46.87) to provide a bullish entry point.




------------
RADAR SCREEN
------------

BBOX - This computer networker is within striking distance of
multi-month highs.  A breakout above $48.00 would create a
double-top buy signal on the p-n-f chart, possibly clearing the
way for a rally to the $55.00 area.

FISV - Today's bounce from the 50-dma ($29.90) looks pretty
bullish.  FISV is challenging bearish resistance at $32.00, but
the uptrending oscillators suggest that breakout could be
imminent.

HIG - This insurance stock has broken above its 50-dma ($44.25)
and looks like it could rally back to the October highs near
$49.50.  Technical bulls can be encouraged by the rising daily
stochastics (5,3,3) and fresh MACD crossover.


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

This Bears Watching

by Steve Price

Ok, bears, it appears that it is time to step aside.  You've
tried your best, and even gotten help from company projections
and a slew of fourth quarter warnings.  But the bulls appear to
be simply too strong.  At least for the moment.

The morning started off with downgrades to GE and Intel.  The Dow
broke back underneath 8500, reaching a low of 8460.  The head and
shoulders formation that looked to be forming in the major
indices appeared as though it would finish off the right shoulder
and head lower. The chip stocks started giving back gains after
Dell made cautious comments about the IT spending environment
Thursday night, and the Intel downgrade to "sell" by Merrill
Lynch (along with the same rating on other chip stocks ADI, AMCC,
PMCS and VTSS).  The FBI then warned that Al Qaeda was planning a
severe attack that would cause severe damage to the U.S. economy.
The makings of an expiration sell-off seemed to be taking shape.
Then around 1:00, the buying started. A 119-point Dow rally
ensued, taking us through resistance at 8550, to a close of
8579.93. Combined with the recent move out of the bond market,
which could be freeing up dollars for equities, the bulls appear
to be sharpening their horns.

The morning brought mixed data, as the PPI showed wholesale
prices rose more than expected in October.  Economists expected a
gain of 0.2% and instead got a surge of 1.1%.  While that
increase may not suggest inflation rearing its head, it certainly
is more inflationary than what was expected.  We also saw
industrial production fall 0.8%, the biggest decline since
September 2001, when the nation paused following the 9/11
attacks.

On the positive side, the University of Michigan Consumer
Sentiment report rose from its 9-year low of 80.6 in October, to
a preliminary reading of 85.0 for November. It seems a
contradiction to the recent Consumer Confidence report, which
showed a decline in its last release.  The Sentiment report beat
expectations by 3 points and gave the market a temporary boost.
It seems a contradiction to the recent Consumer Confidence
report, which showed a decline in its last release. However, the
sell-off continued beyond the time the report was released.

The Nasdaq's  -0.38 loss looks bullish, after the Intel downgrade
and rebound from an intraday drop of 25 points. The chip stocks,
as measured by the Semiconductor Sector Index (SOX), actually
finished up on the day, after dropping 10 points and bouncing off
previous resistance at 310. A move above 329 in the SOX would
indicate a higher high after a higher low on the pullback,
underscoring the bullish sentiment in the sector. While it may
not make much sense that a sector predicting a drop in revenue,
and no visible turnaround, would be on a bull run, it is
nevertheless happening before our eyes. The August high of 1426
in the Nasdaq still looms above and should be used as
confirmation for long tech plays by conservative traders looking
to get in on a rally.  If we get over that level, then the next
significant resistance point looks like the 200-dma of 1512.20.
That average will be declining as we move forward in time, so
1500 is probably a better target on a move over 1426.

The Market Volatility Index (VIX) is a pretty good measure of
fear in the marketplace and it is sinking quickly. It broke down
below its 200-dma and closed at the lowest level since June. The
drop of almost 6 points since Wednesday could not have been
accomplished without some institutional option selling, which
generally occurs when the big firms are predicting an up trend.
One phenomena that can drop the VIX on expiration is when firms
that have sold November out of the money options, when premium
levels were higher earlier in the month, come in and buy them
back for pennies and sell the next month's options, in this case
December. While that will drop volatility in the December
options, which are now used in the VIX calculation, the selling
clearly began Thursday and continued throughout both days.  While
this is not an exact indication, it is just one piece in a puzzle
that is beginning to look bullish.

Now that I've painted the bullish side, let me issue a warning.
We could still get a bearish head and shoulders formation in the
Dow, allowing for a rally all the way up to 8800.  We have not
yet broken the August Nasdaq high and the last time we tested
that level was November 6, after which we fell 63 points in three
days. Bullish plays seem in favor at the moment, but until we get
above Dow 8800 or Nasdaq 1426, keep the stops tight, and assume
only a risk level conducive with a failed rally. If we do cross
Dow 8800, I'll still be issuing cautious statements about the
9077 resistance level above that, but the H&S formation will be
behind us.

-----------------------------------------------------------------

Market Averages

DJIA ($INDU)

52-week High: 10673
52-week Low :  7197
Current     :  8579

Moving Averages:
(Simple)

 10-dma: 8540
 50-dma: 8176
200-dma: 9230

S&P 500 ($SPX)

52-week High: 1176
52-week Low :  768
Current     :  909

Moving Averages:
(Simple)

 10-dma:  900
 50-dma:  867
200-dma:  991

Nasdaq-100 ($NDX)

52-week High: 1734
52-week Low :  795
Current     : 1061

Moving Averages:
(Simple)

 10-dma: 1030
 50-dma:  931
200-dma: 1137

The Semiconductor Index (SOX.X):  It looked like we'd finally get
a chip sell-off after the cumulative effects of an AMAT warning,
cautious comments from Dell and an Intel downgrade to "SELL" from
Merrill Lynch.  Merrill also issued a sell recommendation on ADI,
AMCC, PMCS and VTSS. The SOX sank 10 points, bounced off previous
resistance at 310, and finished up slightly on the day.  If these
issues haven't knocked it back where it came from, then I'm not
sure what will.  Shorts beware that until further notice, or a
break under 280, the trend here is up.

52-week High: 657
52-week Low : 214
Current     : 319

Moving Averages:
(Simple)

 10-dma: 308
 50-dma: 271
200-dma: 416
------------------------------------------------------------------

Market Volatility

The VIX has broken below its 200-dma and is at its lowest point
since late June.  It has lost 6 points in two days, and it
appears the downside fear in the market is waning with most
earnings reports behind us.  Those traders holding long premium
positions will most likely be anxious to dump them if the VIX
breaks 30, since it is easy to lose money quickly in a declining
volatility environment, when stocks either creep upward, or stand
still. If we break thirty, look for the pace of the decline to
increase, and be selective when choosing out of the money option
plays.

CBOE Market Volatility Index (VIX) = 30.83 -1.77
Nasdaq-100 Volatility Index  (VXN) = 49.68 -2.72

-----------------------------------------------------------------

          Put/Call Ratio  Call Volume   Put Volume

Total          0.57        944,604       536,174
Equity Only    0.44        818,740       362,772
OEX            1.03         48,925        50,510
QQQ            0.61         89,385        54,811

-----------------------------------------------------------------

Bullish Percent Data

           Current   Change   Status
NYSE          41      + 1     Bull Confirmed
NASDAQ-100    68      + 2     Bull Confirmed
Dow Indust.   67      + 0     Bull Confirmed
S&P 500       56      + 1     Bull Alert
S&P 100       65      + 1     Bull Confirmed

Bullish percent measures the number of stocks in an index
currently trading on a buy signal on their point and figure
chart.  Readings above 70 are considered overbought, and readings
below 30 are considered oversold.

Bull Confirmed  - Aggressively long
Bull Alert      - Cautiously long
Bull Correction - Pause or pullback in upward trend
Bear Alert      - Take defensive action if long
Bear Confirmed  - High risk if long, good conditions for shorting
Bear Correction - Pause or rebound in downtrend

-----------------------------------------------------------------

5-Day Arms Index   1.06
10-Day Arms Index  1.18
21-Day Arms Index  1.09
55-Day Arms Index  1.25


Extreme readings above 1.5 are bullish, and readings below .85
are bearish.  These signals don't occur often and tend be early,
but when they do, they can signal significant market turning
points.

-----------------------------------------------------------------

Market Internals

        Advancers     Decliners
NYSE       1670          1070
NASDAQ     1490          1677

        New Highs      New Lows
NYSE         33              27
NASDAQ       61              51

        Volume (in millions)
NYSE     1,643
NASDAQ   1,688

-----------------------------------------------------------------

Commitments Of Traders Report: 11/12/02

Weekly COT report discloses positions held by small specs
and commercial traders of index futures contracts at the
Chicago Mercantile Exchange and Chicago Board of Trade. COT data
can be found at www.cftc.gov.

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 tend
to be wrong.

S&P 500

Commercials increased short positions by 4,000 contracts, while
slightly reducing the long side.  Small traders increased long
positions by 3,000 contracts, while reducing the short side by
6,000.

Commercials   Long      Short      Net     % Of OI
10/22/02      432,775   463,827   (31,052)   (3.5%)
10/29/02      437,565   468,557   (30,992)   (3.4%)
11/05/02      438,546   472,384   (33,838)   (3.7%)
11/12/02      437,683   476,540   (38,857)   (4.3%)

Most bearish reading of the year: (111,956) -   3/6/02
Most bullish reading of the year: ( 16,472) - 10/01/02

Small Traders Long      Short      Net     % of OI
10/22/02      134,641    72,681    61,960     29.8%
10/29/02      137,740    75,587    62,153     29.1%
11/05/02      138,604    76,032    65,572     30.5%
11/12/02      141,389    70,624    70,765     33.4%

Most bearish reading of the year:  36,513 - 5/01/01
Most bullish reading of the year: 114,510 - 3/26/02

NASDAQ-100

Commercials reduced the long side by 3,500 contracts while
leaving the short side virtually unchanged.  Small traders, on
the other hand, reduced short positions by 4,000 contracts and
longs by just 700.

Commercials   Long      Short      Net     % of OI
10/22/02       48,954     54,088    (5,134) ( 4.9%)
10/29/02       47,837     55,261    (7,324) ( 7.1%)
11/05/02       49,128     56,121    (6,993) ( 6.6%)
11/12/02       45,647     55,892   (10,245) (10.1%)

Most bearish reading of the year: (15,521) -  3/13/02
Most bullish reading of the year:   9,068  - 06/11/02

Small Traders  Long     Short      Net     % of OI
10/22/02       10,202     8,892     1,310     6.6%
10/29/02       10,584     9,419     1,165     5.8%
11/05/02       13,355    12,903       452     1.7%
11/12/02       12,698     8,801     3,897    18.1%

Most bearish reading of the year: (10,769) - 06/11/02
Most bullish reading of the year:   8,460  -  3/13/02

DOW JONES INDUSTRIAL

Commercials left positions relatively unchanged, with a slight
reduction in both longs and shorts.  Small traders increased the
long side slightly and left shorts around the same level.

Commercials   Long      Short      Net     % of OI
10/22/02       22,189    13,448    8,741      24.5%
10/29/02       21,800    13,337    8,463      24.1%
11/05/02       22,533    15,687    6,846      17.9%
11/12/02       22,283    14,953    7,330      19.6%

Most bearish reading of the year: (8,322) -  1/16/01
Most bullish reading of the year: 15,135  - 10/16/01

Small Traders  Long      Short     Net     % of OI
10/22/02        4,445     9,270    (4,825)   (35.1%)
10/29/02        5,602    11,090    (5,488)   (32.9%)
11/05/02        5,089     8,735    (3,646)   (26.4%)
11/12/02        5,736     8,513    (2,777)   (19.5)

Most bearish reading of the year:  (8,777) - 10/12/01
Most bullish reading of the year:   1,909  -  1/16/01

-----------------------------------------------------------------




=================================================================
To stop receiving this PremierInvestor.net Newsletter,
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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

*****************************************************************
ADVERTISING INFORMATION

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Newsletter, or any Premier Investor Network newsletter please
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*****************************************************************


Copyright ) 2002  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter          Weekend Edition 11-15-2002
                                                    section 2 of 3
Copyright ) 2002, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section two:

Net Bulls
  Bullish Play Updates:  KRON
  Bearish Play Updates:  IBM

Stock Bottom / Active Trader
  New Bullish Plays:     SPC
  Bearish Play Updates:  DIA, SUP
  Closed Bearish Plays:  BZH

High Risk/Reward
  Bullish Play Updates:  AHC, T
  Bearish Play Updates:  HGSI


==================================================================
Net Bulls (NB) Tech Stock section
==================================================================

===============
NB Play Updates
===============

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

Kronos Inc. - KRON - close: 39.73 change: -0.26 stop: *text*

KRON moved in a relatively narrow range on Friday and finished
with a small loss.  Shares never reached our entry trigger at
$40.51, thus leaving this play inactive.  More interesting
developments were happening in the GSO.X software index.  It was
mostly a quiet news day for the sector, but that didn't prevent
the GSO from outperforming the NASDAQ and gaining 1.2%.  If this
uptrend continues, the index will test resistance (110) on
Monday.  It would be very nice timing if our entry in KRON
coincided with a breakout on the GSO.  Traders looking for
confirmation of sector strength may actually want to wait for the
index to move above 110 before taking any long positions in KRON.
Assuming the stock gets over $40.50, we're willing to enter the
play even if the GSO is under 110.  That's because Kronos has
shown a tendency to outperform the software group.  Remember that
our stop will be set at $37.98 if this play is triggered.

Picked on November xxth at $xx.xx <- see text
Results since picked:       +0.00
Earnings Date            10/29/02 (confirmed)

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

Intl Business Machines - IBM - cls: 80.01 chg: -0.71 stop: 82.06

We'd been looking for IBM to rollover from its 200-dma and that's
exactly what happened on Friday morning.  Big Blue moved lower
with the broader market and didn't bounce until it reached
$79.01.  Shares moved back to $80.00 by the closing bell but
weren't able to finish in the green.  The lower low and lower
high (compared to yesterday's trading) and today's relative
weakness versus the broader market are positive signs for the
bears.  This play will be in good shape if IBM continues to find
resistance at the descending 200-dma ($81.10).  Although we're
keeping our stop at $82.06, traders looking to reduce their
upside exposure could use a stop just above the moving average.
New short entries can be gauged on a move below $79.00.  IBM did
not have any noteworthy news on Friday, but competitor Electronic
Data Systems did announce that higher pension costs would
negatively impact full-year results for 2003.  EDS finished the
session with a 1.0% loss.

Picked on November 7th at $78.95
Results since picked:      -1.06
Earnings Date           10/16/02 (confirmed)






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

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

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

St. Paul Co. - SPC - close: 35.05 change: +1.23 stop: *text*

Company Description:
The St. Paul Companies, headquartered in Saint Paul, Minn., USA,
provides commercial property-liability insurance products and
asset management services. The St. Paul reported 2001 revenues
from continuing operations of $8.9 billion and total assets of
$38.3 billion. (source: company press release)

Why We Like It:
During our stock scans on Friday we noticed an inordinate number
of insurance issues breaking to the upside.  On the surface it
looks like this is simply a result of the rising broader market
helping to lift stocks above resistance.  To be sure, the past
few days of gains in the major indices haven't hurt the bulls'
cause.  But we suspect something deeper is at work here.  The Dow
Industrials have gained 3.3% from the Wednesday lows.  Meanwhile,
the IUX.X insurance index is up 5.2% over the same time period.
We think this relative strength can be attributed to the recent
midterm elections.  Insurance stocks, particularly of the
property & casualty variety, may a prime benefactor of the
Republican takeover of the Senate.  With the GOP controlling the
White House and both chambers of Congress, President Bush should
have much greater success in pushing through his agenda.  One of
his top priorities is terrorism insurance.  In a nutshell, Bush
hopes to provide government guarantees for companies that issue
terrorism protection policies.  In a recent speech, he cited a
survey that showed more than $15 billion in real estate
transactions have been canceled or put on hold because of a lack
of terrorism insurance.  Constant vague government warnings of
future attacks underscore the risk associated with providing
policies.  With the protection of a government guarantee,
companies such as SPC will be able to meet the demand for new
policies at more reasonable rates.  Both the House and Senate
passed terrorism insurance legislation, but a joint bill was
never approved.  This could quickly change once the GOP-
controlled Senate convenes in January.

Overall we think these developments could serve to push SPC
higher in the near-term.  On a technical basis we like how the
stock has broken above resistance in the $34.75-$35.00 region.
Today's 3.6% gain outpaced the Dow Jones and created a double-top
buy signal on the point-and-figure chart.  The oscillators look
strong as well, with the daily stochastics trending higher and
MACD on the verge of a bullish crossover.  On the daily chart
there's also a notable lack of resistance until the 200-dma at
$38.58.  We're going to target a move to this area, which would
be roughly a 10% gain from current levels.  Because we'd like to
see a little more bullish confirmation before entering this paper
trade, we'll place a trigger to go long at $35.11.  If the play
is activated our stop will be set at $33.18, two cents under
Thursday's low.

Picked on November xxth at $xx.xx <-- see text
Results since picked:       +0.00
Earnings Date            10/23/02 (unconfirmed)





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

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

Diamonds - DIA - close: 85.78 change: +0.13 stop: 87.06

More than a week into this short play and we're basically break-
even.  We shorted the Diamonds after the Dow Jones broke through
support at 8600.  The index has since bounced from its relative
low of 8318 and is once again trading near 8600.  We're looking
for that level to now provide resistance.  That was the case on
Friday afternoon, when a late-session rally petered out at 8583.
Of course the bears may have been saved by the bell.  The way
investors keep ignoring negative economic data (on Friday morning
it was an increase in business inventories and an unexpected 1.1%
increase in the producer price index) is making very tough for
the bears to gain any traction.  We'll see how the battle plays
out next week now that the latest round of earnings has come and
gone.  It's also interesting to note that the volatility index)
has fallen below its 200-dma.  The VIX.X hasn't traded under this
moving average since early June, just before a steep market sell-
off.  If the Diamonds continue to move higher our stop at $87.06
should limit losses to a manageable 1.3%.  On the same token,
traders looking for new entries can watch for a move under
$84.45.

Picked on November 7th at $85.89
Results since picked:      +0.11
Earnings Date           xx/xx/xx




---

Superior Ind. - SUP - cls: 41.75 chg: +1.00 stop: 42.06 *new*

Is the glass half-empty or half-full?  Upon first glance the
recent gains in SUP are an ominous development for the bears.
Shares have bounced from the $40.00 level and the oscillators are
beginning to curl higher.  These are signs that the stock will
continue to move towards the 50-dma at $43.39.  A glance at the
bigger picture, however, provides a less bullish outlook.  SUP
has not yet broken its multi-week downtrend.  It wasn't
surprising to see the stock bounce after several days of losses,
and despite the rebound SUP is still well below bearish
resistance on the p-n-f chart.  The 50-dma at $43.39 should also
help to keep a lid on an additional advance.  Which perspective
proves to be correct will probably be dependant on how the
broader market performs next week.  The recent bullish slant in
the major indices has led us to take a defensive approach towards
this play.  We're going to move our stop down to $42.06.  This
should protect a move of +2.1%.  Although it would be technically
sound to use a stop just above the 50-dma, we'd rather close this
play for a small gain instead of riding out a continued uptrend
and hoping the stock rolls over.

Picked on October 28th at $42.97
Results since picked:      +1.22
Earnings Date           10/17/02 (confirmed)





===============
AT Closed Plays
===============

  --------------------
  Closed Bearish Plays
  --------------------

Beazer Homes - BZH - close: 62.48 change: +1.41 stop: 64.06

Last night we talked about the importance of a follow-though
rally in the homebuilding sector.  While one day of short-
covering isn't too concerning, two consecutive sessions of strong
trading are enough to raise caution flags for the bears.  The
DJUSHB home construction shrugged off the overall equity market
malaise on Friday and posted a gain of more than 2%.  There was
no fresh sector news to explain the bullishness.  BZH moved
higher with the DJUSHB and finished with a 2.3% gain.  The stock
reversed its downtrend over the past two days, creating bullish
patterns on the MACD and daily stochastics (5,3,3).  Shares
closed at the highest levels of the week.  This indicates that
more upside is in store for Monday.  To be fair to the bears, BZH
still has possible resistance at its 50-dma ($63.71).  The DJUSHB
is also approaching its 50-dma at 306.  It's certainly possible
that both sector and stock will rollover from these levels.  But
what initially prompted us to add BZH as a bearish play was the
way shares had broken below support at $60.00.   We'd rather not
wait for a rollover while the stock continues to rise from our
entry point.  Traders who don't mind taking a little more heat
could keep their short positions open with a stop at $64.06.
We're closing BZH at current levels, for a loss of 4.2%.

Picked on November 12th at $59.94
Results since picked:       -2.54
Earnings Date            11/05/02 (confirmed)






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

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

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

Amerada Hess - AHC - close: 53.09 change: -0.04 stop: 49.38

Share-moving news for AHC was rather absent on Friday and the 4-
cent drop doesn't account for much while we wait for movement.
We did note that the price of oil ticked higher heading into the
weekend but the December oil contracts remain stuck in their
current descending pattern.  All this talk about a conflict with
Iraq should be driving oil prices higher, right?  We must not
forget that the market is a forward-looking machine.  It has
anticipated a war with Iraq weeks ago and thus the $30 per barrel
oil prices we saw late September-early October.  Many believe
that a "war premium" of $5 to $7 per barrel has already been
factored in to current prices.  So why is oil continuing to slip?
Good question.  One potential factor is the flip-flop responses
Iraq is giving to the U.N. and America to allow inspectors in the
country.  If the conflict can be solved peacefully then the "war"
premium has no reason to exist and the drop is just profit
taking.  Yet the recent talk from the White House has been very
hawkish and today's missile attack by Iraq on American planes
patrolling the no-fly zone did little to ignite any buying
pressure for oil (actually, that last fact should not surprise
anyone.  Iraqi missiles being fired at Coalition planes have
become a weekly event in the past two years).  Is the war a
foregone conclusion?  Is the market already looking past the war
to a regime change in Iraq?  A regime that would be extremely
more market and American friendly thus allowing more oil to flow
to the global market place (not to mention the U.S., the world's
largest consumer of oil).  Snooping around we noticed that a few
oil analysts believe that OPEC countries have been cheating on
their own quotas.  They believe that these countries, namely
Saudi Arabia, has been pumping a lot more oil just so they can
store it and be ready should an armed conflict actually occur.
The same analyst speculates that this oil is mainly being stored
for future use and not yet showing up in the market place.  Plus,
given the sluggish economy, more oil would actually drive prices
down, which is what we are seeing in the CL02Z December oil
futures anyway.  Why would Saudi pump this extra oil?  One idea
centered on the off chance of Iraq being able to disrupt the oil
producing capabilities of its neighbors.  How could they do this?
The easiest would be to use its stockpile of chemical or
biological weapons, which of course they say they don't have and
is the whole premise of the U.S. offensive in the first place.
However, back in the early 90's after the Gulf War, Iraq admitted
to have more than 19,000 L of concentrated botulinum toxin.  If
this amount was somehow able to be deployed correctly it is more
than three times the amount needed to depopulate the entire
planet.  Admittedly, this is sensationalism and any chance of
Iraq being able to disrupt Saudi oil pumps is a stretch to begin
with.  How do traders apply all of this to AHC?  We continue to
like the technical development happening in the stock price and
believe a stop loss under the $50 mark is not bad risk-reward
management as the stock retraces its losses from mid-October.
Keep an eye on the oil futures and watch how they react to the
continuing Iraqi saga.

Picked on November 12th at $52.41
Results since picked:       +0.68
Earnings Date            10/24/02 (confirmed)




---

AT&T Corp. - T - close: 13.86 change: +0.19 stop: 13.38

We were fully expecting to be stopped out of our AT&T play on
Friday should the markets or the Dow Industrials dip at all.
Surprisingly, shares of T staged a meager rally and dare we say
looks somewhat bullish?  Could this be a split run?  Just
kidding, but readers should note that after the Thursday evening
PremierInvestor.net newsletter was published yesterday, AT&T
announced their previously approved 1-for-5 reverse split would
take affect on Monday, Nov. 18th.  What does this mean for
shareholders, as of Nov. 15th, come Monday?  First, AT&T
shareholders will receive their share of the AT&T Broadband spin-
off - in essence this is a "special" stock dividend as declared
by T's board of directors.  Soon thereafter, T shareholders who
receive this dividend-spin-off of AT&T Broadband will see their
new stake converted into the newly merged company of AT&T
Broadband and Comcast Corp.  Previously, the new company was to
be called AT&T Comcast, but the powers that be have changed their
minds and are going to leave the new company's name as Comcast
Corp.  AT&T shareholders will own about 56% of the new company.
According to the AT&T press release, the spin-off is seen as a
tax-free event for shareholders (per the IRS), unless you receive
cash for fractional shares.  After all this stock-swapping
mingling is over what's left of your shares of T will see a 1-
for-5 reverse split.  The value of your investment will not
change but the number of shares will decrease as the value per
share increases.  Thus we'll have to make some adjustments in the
price-picked column for the newsletter's play results.  Keeping
all this in mind, we are encouraged by the action in the stock
today and Monday-Tuesday could be a potential entry point for new
long positions, just be careful as the stock fluctuates due to
the spin-off and reverse split.  We suggest you wait or contact
your broker to avoid any confusion.

Picked on October 23rd at $13.40
Results since picked:      +0.46
Earnings Date           10/22/02 (unconfirmed)




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

Human Genome Sciences - HGSI - cls: 8.65 chg: +0.06 stop: 9.51

The biotech index (BTK.X) is oscillating sideways, no thanks to
HGSI though.  On the other hand, shares of Amgen, the biggest
biotech in the market, has rallied higher two days in a row.
Recent news for AMGN concerns the company's efforts to sue the
U.S. government to prevent Medicare's plans to cut reimbursements
for Amgen's Aranesp drug.  These cuts are due to begin January
1st.  Analysts quickly surmised that if the government can make
this make this sort of move, then private insurers will too.
We're not delving into the details of the case since the PI play
list is focusing on HGSI.  We do make note of it because AMGN has
a big affect on the biotech sector as a whole.  If we were only
looking at the charts, then the chart of AMGN looks like it is
encountering resistance at the 200-dma.  Speaking of charts, we
made a note in Thursday's newsletter that HGSI had formed a
double-bottom breakdown on top of the previous quadruple bottom
breakdown (see below).  We will reiterate our stop at $9.51 and
our profit target to cover this hypothetical short at $7.51.
More conservative traders could look at the $9.00 or the $9.25
levels as potential triggers to close their position should
shares of HGSI rise.

Annotated chart of HGSI
(with PnF chart excerpt below it on the same image):



Picked on November 1st at $ 9.49
Results since picked:      +0.84
Earnings Date           10/29/02 (confirmed)







=================================================================
To stop receiving this PremierInvestor.net Newsletter,
send email to Contact Support
=================================================================
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

*****************************************************************
ADVERTISING INFORMATION

For more information on advertising in PremierInvestor.net
Newsletter, or any Premier Investor Network newsletter please
contact Contact Support.

*****************************************************************


Copyright ) 2002  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter         Weekend Edition 11-15-2002
                                                   Section 3 of 3
Copyright ) 2002, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section three:

Market Watch for Week of November 18th
   - 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)
  Recently Overbought With Bearish Signals (Stocks over $20)

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


==========================================
Market Watch for the week of November 18th
==========================================

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

Symbol  Company               Date           Comment      EPS Est

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

AAP    Advance Auto Parts    Mon, Nov 18  After the Bell      0.86
A      Agilent Tech Inc.     Mon, Nov 18  After the Bell     -0.12
GME    Gamestop Corp.        Mon, Nov 18  After the Bell      0.14
LOW    Lowe`s Companies      Mon, Nov 18  Before the Bell     0.40
MDT    Medtronic Inc.        Mon, Nov 18  -----N/A-----       0.34
NTT    Nippon Teleg and Tele Mon, Nov 18  Before the Bell      N/A
TOY    Toys R Us             Mon, Nov 18  Before the Bell    -0.15
VAL    Valspar               Mon, Nov 18  Before the Bell     0.66


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

ADI    Analog Devices Inc.   Tue, Nov 19  After the Bell      0.16
BJ     BJ's Wholesale Club   Tue, Nov 19  Before the Bell     0.37
CTMI   CTI, Inc.             Tue, Nov 19  After the Bell      0.14
DE     Deere & Company       Tue, Nov 19  Before the Bell     0.15
ERF    Enerplus Res Fund     Tue, Nov 19  -----N/A-----        N/A
HD     Home Depot Inc        Tue, Nov 19  Before the Bell     0.40
IPR    International Power   Tue, Nov 19  -----N/A-----        N/A
OOM    MMO2                  Tue, Nov 19  -----N/A-----        N/A
JWN    Nordstrom             Tue, Nov 19  After the Bell      0.15
ROST   Ross Stores, Inc.     Tue, Nov 19  Before the Bell     0.57
RY     Royal Bank of Canada  Tue, Nov 19  -----N/A-----       1.27
SKS    Saks Incorporated     Tue, Nov 19  4:00 pm ET         -0.03
SPLS   Staples, Inc.         Tue, Nov 19  Before the Bell     0.24
WFMI   Whole Foods Market    Tue, Nov 19  -----N/A-----       0.34
WSM    Williams-Sonoma       Tue, Nov 19  Before the Bell     0.10


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

APU    AmeriGas Partners     Wed, Nov 20  -----N/A-----      -0.59
BLI    Big Lots, Inc.        Wed, Nov 20  -----N/A-----      -0.05
CPRT   Copart                Wed, Nov 20  After the Bell      0.16
DCI    Donaldson             Wed, Nov 20  After the Bell      0.50
HPQ    Hewlett-Packard       Wed, Nov 20  After the Bell      0.22
TLB    Talbots               Wed, Nov 20  Before the Bell     0.62
TKA    TELEKOM AUSTRIA AG    Wed, Nov 20  Before the Bell      N/A


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

ADSK   Autodesk, Inc.        Thu, Nov 21  After the Bell      0.04
BKS    Barnes&Noble          Thu, Nov 21  Before the Bell     0.03
BGP    Borders Group Inc.    Thu, Nov 21  After the Bell     -0.02
BRCD   Brocade Comm Systems  Thu, Nov 21  After the Bell      0.07
CBRL   CBRL Group            Thu, Nov 21  Before the Bell     0.41
CHRS   Charming Shoppes      Thu, Nov 21  Before the Bell    -0.01
CLE    Claire's Stores       Thu, Nov 21  -----N/A-----       0.21
Z      Foot Locker, Inc.     Thu, Nov 21  Before the Bell     0.29
HB     Hillenbrand Ind       Thu, Nov 21  -----N/A-----       0.85
ING    ING Groupe NV         Thu, Nov 21  -----N/A-----        N/A
LTD    Limited Brands        Thu, Nov 21  Before the Bell     0.02
MRVL   Marvell Tech Grp LTD  Thu, Nov 21  After the Bell      0.13
PDCO   Patterson Dental      Thu, Nov 21  Before the Bell     0.41
PETC   PETCO Animal Supplies Thu, Nov 21  After the Bell      0.20
SCM    Swisscom AG           Thu, Nov 21  -----N/A-----        N/A
TKP    Technip-Coflexip      Thu, Nov 21  Before the Bell     0.23
VIP    Vimpel Communications Thu, Nov 21  Before the Bell      N/A


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

BFb    Brown-Forman Corp     Fri, Nov 23  Before the Bell     1.30
KKD    Krispy Kreme Doughnut Fri, Nov 23  -----N/A-----       0.16


----------------------------------------------
Upcoming Stock Splits In The Next Two Weeks...
----------------------------------------------

Symbol  Company Name              Ratio    Payable     Executable

SBGA    Summit Bank Corporation   2:1      Nov. 18th   Nov. 19th
CHTT    Chattem Inc.              2:1      Nov. 29th   Dec.  2nd
BYFC    Broadway Financial        2:1      Nov. 30th   Dec.  2nd


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

It's a semi-quiet week on Wall Street.  We still have a several
third-quarter earnings announcements trickling in.  The CPI report
comes out on Tuesday and the Leading Indicators report will be
out on Thursday.

==============================================================
                       -For-

Monday, 11/18/02
----------------
None


Tuesday, 11/19/02
-----------------

CPI (BB)                Oct  Forecast:   0.3%  Previous:     0.2%
Core CPI (BB)           Oct  Forecast:   0.2%  Previous:     0.1%
Trade Balance (BB)      Sep  Forecast:-$37.3B  Previous:  -$38.5B


Wednesday, 11/20/02
-------------------
Housing Permits (BB)    Oct  Forecast:  1.710  Previous:   1.843M
Building Permits (BB)   Oct  Forecast:  1.698  Previous:   1.733M


Thursday, 11/21/02
------------------
Initial Claims (BB)   11/16  Forecast:   394K  Previous:     388K
Leading Indicators (DM) Oct  Forecast:  -0.1%  Previous:    -0.2%
Philadelphia Fed (DM)   Nov  Forecast:   -0.3  Previous:    -13.1
Treasury Budget (DM)    Oct  Forecast:-$51.3B  Previous:   -$7.7B


Friday, 11/22/02
----------------
None

Definitions:
DM=  During the Market
BB=  Before the Bell
AB=  After the Bell
NA=  Not Available


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

PPD     Pre-Paid Legal Svcs        27.08     +2.18
GTK     Gtech Holdings             23.91     +0.79
UB      Unionbancal Corp           42.47     0.72
OVER    Overture Services          24.48     +0.88
TORO    Toro Co                    67.70     +1.90
MHK     Mohawk Industries          58.50     +2.49
KMI     Kinder Morgan Inc          39.36     +1.36
AD      Advo Inc                   32.35     +0.75

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

CMVT    Comverse Technology        10.50     +1.46
PLCE    Children's Place           13.67     +1.59
OCA     Orthodontic Centers        11.94     +1.72
SIMG    Simon Image Inc             7.42     +1.21

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

QCOM    QUALCOMM Inc               39.44     +1.24
ELBO    Electronics Boutique       29.99     +1.77
GWW     Grainger Inc               53.35     +1.63
COLM    Columbia Sportswear        43.79     +1.09
BDG     Bandag Inc                 40.27     +1.27
LF      Leapfrog Enterprises       31.85     +1.29

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

FITB    Fifth Third Bancorp        57.42     -5.11
CAI     CACI Intl.                 38.53     -1.74
ESE     Esco Technologies          33.51     -3.29
JJSF    JJ&J Snack Foods           32.00     -1.33
CINF    Cincinnati Financial       36.98     -1.42

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

                             




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