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Daily Newsletter, Friday, 03/07/2003

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PremierInvestor.net Newsletter          Weekend Edition 03-07-2003
                                                    section 1 of 3
Copyright ) 2003, 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:      Trading On Rumors
Play-of-the-Day:  These Shareholders Don't Need Anti-Depressants
Watch List:       BKS, PSFT, NXTL, TDS, TIN, and much more!
Market Sentiment: What Day Is This?

******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
       WE 03-07        WE 02-28        WE 02-21        WE 02-14
DOW     7740.03 -151.05 7891.08 -127.03 8018.11 +109.31 + 44.57
Nasdaq  1305.29 - 32.25 1337.54 - 11.48 1349.02 + 38.85 + 27.70
S&P-100  420.12 -  5.24  425.36 -  4.51  429.87 +  7.30 +  3.78
S&P-500  828.89 - 12.26  841.15 -  7.02  848.17 + 13.28 +  5.20
W5000   7857.32 -115.30 7972.62 - 63.35 8035.97 +139.03 + 23.52
RUT      354.18 -  6.34  360.52 -  3.84  364.36 +  5.86 -  0.28
TRAN    2042.48 -  6.57 2049.05 - 47.36 2096.41 -  6.19 - 37.37
VIX       35.65 +  1.50   34.15 +  0.01   34.14 -  2.96 -  1.35
VXN       46.39 +  0.74   45.65 -  0.45   46.10 -  2.28 -  2.59
TRIN       1.29            0.84            0.97            0.58
Put/Call   0.75            0.59            0.85            0.97
******************************************************************

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

Trading on Rumors
by Jim Brown

If you are an intraday trader that swing trades on rumors then
Friday was your perfect trading environment. Rumors, denial of
rumors, more rumors and more denials had bulls and bears chasing
their tails around the charts. The 180-point swing from lows not
seen since October and complete with a double bounce kept traders
guessing right up until the close. It was not a day for the
indecisive.

Nasdaq Chart - 60 min


SPX Chart - 30 min


Dow Chart - 30 min


I mentioned Thursday night that the very high Jobless Claims was
painting a bleak picture for the Nonfarm payrolls on Friday. How
bleak was a surprise to everyone. The economy lost -308,000 jobs
in February compared to estimates for a gain of +10,000. To say
it was a disaster would be a gross understatement. Unemployment
rose to 5.8% and there were job losses across all sectors. Even
the retail sector lost -92,000 jobs when they were expected to
show gains from seasonal factors. Manufacturing lost -48,000
jobs with construction losing -48,000 as well. The services
component lost -86,000 jobs and the biggest drop since the 1974
recession. Restaurants lost -85,000 jobs as fewer people ate
out due to less spending cash, terror alerts and weather. Analysts
tried to blame the drop in jobs on the 150,000 reservists called
up during February but they were obviously grabbing at straws.
The survey week was in mid February and had little or no impact
from the call up. Plus, vacant jobs from reserves going to active
duty would have been filled by temp help. The jobs were not
eliminated. Companies adding employees to payrolls fell to 41.1%
from 49.6% in January. The percentage of workers unemployed for
more than six months increased to 22% and only 1% below the high
for the last economic downturn. Considering the pace of layoffs
currently this number should be easily broken over the next
couple months. This entire report was VERY bearish and indicates
an economy rushing headlong into a second recessionary dip.

The Economy.com Business Confidence Survey for the week shows a
very dismal picture of fading business sentiment. The index came
in at 75.9 for the week and has fallen -25% since the beginning
of the year. Confidence is fading and demand is slipping.



The clearest sign of cash strapped consumers was the increase
in Consumer Credit by +$13.2 billion in January. The estimate
was for a drop of -$0.5 billion. This was nearly a +10% gain
for the month. Does this show that the refinancing bubble has
burst and paying off bills by taking equity out of your house
has run its course? According to the recent mortgage applications
it appears this trend is winding down. Greenspan warned about
this earlier in the week. The next casualty will be the home
builder market as unemployment builds and confidence continues
to fall. See some additional comments about debt at the end of
this article.

The fallout from the war worries and the Jobs report was
severe. We started out with a negative tone after the Nikkei
closed at a 20 year low at 8144 and a loss of -225. The stage
was set for a rocky open and the Jobs report just increased
the volatility. After an opening drop of -111 points bonds
soared and the yield on the 5yr note dropped to a 48 year
low of 2.5%. The dollar dropped to a four year low of $1.10
against the Euro and is destabilizing markets around the
globe. While everyone is pointing to the war as the reason
for weakness the economy is already self destructing on its
own. Earnings are quickly turning to losses and the outlook for
this quarter is dismal at best. 55% of the S&P have already
warned for this quarter with only 18% raising guidance. That
is a 3:1 ratio of warnings to positive guidance. This is not
good!

Intel joined the party on Thursday when they warned that margins
and revenue would be lower than previously expected. JPM warned
that they were cutting their 1Q GDP estimates to 1.5% from 2.5%
which is about time considering the dismal outlook. Earnings
estimates for the year have plummeted from the +15% to +18%
range to +7% to +8% and are still dropping. When investors
wake up and smell the economy and I guarantee you won't find
many willing buyers. There is still a strong bid under the
market and I think they have no clue what they are bidding
on. The general consensus is that there will be a market
rally once the shooting starts just like 1991 but there is
no fundamental justification at this point.

According to President Bush the bets have been made and it
is time for all the nations in the Security Council to show
their cards. For President Bush this is a life and death
gamble. He has played every chip in his pile and tried to
bluff, out bid or face down the dissenting nations. It is
like the final poker hand of the night when caution goes to
the wind everybody ups the bids to their maximum pain
threshold. For Bush it is political life and death. If all
goes well and the invading troops find scores of weapons
not declared and peace comes to Iraq then it will be an
automatic reelection and voters will applaud his stand on
principle. If things go bad and scores of Americans come
home in body bags and Iraq ends up being a house to house
fight then he could be impeached for pressing the issue
against world opinion. For the US it is a gamble have to
take after coming so far. If we back down now we will not
be taken seriously in the future and every two bit dictator
will take his shot at 15 min of fame beginning with North
Korea. However we got to this point, and I am sure that will
be debated for years to come, it is a point of no return.
Short of a Saddam retirement in the next ten days the die
is cast.

Britain submitted an amendment to the current resolution
calling for a deadline of March 17th for total disarmament
and active cooperation as the only criteria to avoid war.
This resolution is not likely to pass but as Bush said,
we want everyone to stand up and be counted in the court
of world opinion and let the chips fall where they may.
Germany, France and Russia have all vowed to veto it and
by doing so will send ripples worldwide for years to come.
Either way the clock for starting the war is winding down.

The economic conditions being blamed on the war took a
substantial turn for the worse with the Jobs report. The
Fed often keys on the Jobs report for immediate changes
in Fed policy. This is sure to be the topic of conversation
when the Fed meets on March 18th. The Fed funds futures
are now showing a 100% chance of a Fed funds rate of 1%
by July. This is a drop of -25 basis points under the
current 1.25% level. If the current rate was higher the
Fed has a history of cutting rates on the Monday following
a disastrous Jobs report but at 1.25% another quarter
point cut would not really send a material signal. Still
Monday will be a walking on eggshells day as older traders
will be expecting the unexpected.

We also have the potential for some asset allocation events
next week. With bond yields so low there is little benefit
to buying bonds now and many portfolios could be reallocated
to a heavier weighting in stocks. There might not be a rush
to do this because of the potential for a further drop in
the stock market. The potential for a retest of the October
lows over the next five days is very good. Touching those
lows at 7200 could however trigger these asset allocation
events.

Leaning on the Dow on Monday will be Altria (MO) when an
Illinois judge with rule on a $7 billion verdict against
the company. There are also punitive damages for 30 years
of refunds for smokers who bought Marlboro and Cambridge
Light brands. This award could run into the tens of billions
of dollars and MO would have to put up billions, as much
as the total value of the judgment just to appeal. Based
on comments during the case MO is not expected to win.
This could weigh heavily on the stock and on the Dow.

Technically the markets are in serious danger. The Dow closed
at 7740 and the high of the day but right under very strong
resistance. There is a solid down trend in place and very
little to cause any bullish sentiment to appear. The morning
crash to 7562 cleared buy stops for the next 175 points and
weakened any potential support for the next dip. The real
resistance is on the S&P at 830, which is only slightly
above the 829 close. The 830 level has not been broken for
the last three days despite repeated tests. The Nasdaq is
clinging by the slimmest of margins to the 1305 level and
is clearly showing a new down trend in place.

The end of day short covering rally was based solely on the
potential for the capture of Osama Bin Laden this weekend.
With the new information gained in the capture of Khalid
Mohammed, almost everyone believes the authorities are hot
on his trail. There were numerous rumors that they expected
to close the noose this weekend. Other analysts scoff at this
and claim they always have a backup plan and once Mohammed
was captured everyone related to the group bolted to their
next safe house leaving no tracks. Still traders were not
ready to take that chance by holding shorts over the weekend.
The recent pattern is clear. The last two Mondays have been
big down days as traders who closed shorts on Friday reopened
them on Monday when no news appeared over the weekend. This
Monday should be no different especially after the disaster
in the Jobs report. Most mutual funds and institutional traders
are not reaction traders. When bad news appears they analyze
how the market reacts for the balance of the day and then
decide a course of action for the next trading day. With the
potential for a double dip recession stronger than ever the
odds for a retest of the October lows or lower are better
than ever, we could see a concentrated move out of stocks
on Monday. This is pure speculation on my part and based
on no earth moving news events over the weekend but I think
this is as close to the perfect storm as we are going to
get. When the only potential for positive market news is
the capture of a crippled terrorist there is not much reason
to be long the market. Check your parachute you may need it
next week.

Enter Very Passively, Exit Very Aggressively!

Jim Brown


=========================
Play-of-the-Day (BULLISH)
=========================
((new non-tech play))

Forest Labs - FRX - close: 51.01 change: +1.11 stop: *text*

Company Description:
Forest Laboratories develops, manufactures, and sells ethical
pharmaceutical products that are used for the treatment of a wide
range of illnesses. Forest Laboratories' growing line of products
includes: Lexapro(TM), indicated as initial as well as
maintenance treatment of major depressive disorder; Celexa(TM),
an antidepressant; Tiazac., a once-daily diltiazem, indicated for
the treatment of angina and hypertension; Benicar(TM)*, an
angiotensin receptor blocker indicated for the treatment of
hypertension; and Aerobid., an inhaled steroid indicated for the
treatment of asthma. (source: company press release)

Why We Like It:
We've been watching FRX for quite some time.  The stock was one
of the most impressive performers in the final quarter of 2002,
as shares rallied from an extended consolidation range near
$35.00.  Driving this strong upside movement were strong sales of
the company's anti-depression drugs, Celexa and Lexapro.  FRX got
another shot in the arm at the beginning of 2003 when they
released upside quarterly earnings guidance.  The stock also
benefited from speculation that its experimental Alzheimer's drug
would receive approval from an FDA panel, thus bringing it one
step closer to being marketed in the U.S.  Shares rallied to an
all-time high of $56.36 before a post-split depression took hold
following the stock's 2-for-1 dividend.  But interestingly,
buyers eagerly moved in once FRX had retraced roughly 50% of its
gains from the 2002 lows.

Over the past three weeks shareholders of Forest Labs have
enjoyed a steady uptrend that's lifted the stock off its February
14th low of $44.45.  Shares have displayed some impressive
relative strength, rising nearly 15%.  Meanwhile, the Dow Jones
has lost 2.1% over the same time period.  That tendency to
outperform the broader market was on display this Friday as
shares tacked on another 2.2%.  These gains took FRX above both
the 50-day and 100-day moving averages.  With those obstacles out
of the way, the stock is trading at new relative highs.
Bolstering the bullish technical picture are the rising MACD and
daily stochastic (5,3,3) oscillators.  Our upside objective for
this play will be psychological resistance at $55.00.  We're
kicking things off with an initial exit target just below that
level at $54.98.  In order to confirm an extension of today's
breakout, we're placing an action trigger at $51.13, one cent
above today's high.  If/when the play is activated we'll use a
stop-loss at $48.78, two cents under Wednesday's low.  Traders
willing to harbor a bit more downside risk could use a stop
slightly under the weekly low at $48.65.  And on a final note,
some conservative traders might only want to take partial
positions in FRX.  Forest Labs is a drug company - not a volatile
biotech that's prone to wild gyrations.  But nevertheless,
there's always the possibility that news from the FDA or new drug
study results could lead to gapping action in the stock.  Bear
this in mind as you plot your course of action.

Disclosure: At least one PremierInvestor.net analyst currently
holds an option position in FRX.

Picked on March xxth at $xx.xx <-- see text
Results since picked:    +0.00
Earnings Date         01/16/03 (confirmed)





==================================================================
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
---------------------------------

Blockbuster Inc - BBI - close: 16.26 change: +0.46

WHAT TO WATCH: That's right...yet another Watch List appearance
for BBI!  Today's powerful breakout above resistance at $16.00
looks awfully tempting.  As a matter of fact, we strongly
considered adding the stock to our bullish play list.  Some
traders may want to consider adding BBI to their portfolios if
shares break above today's high of $16.50.  This would provide
upside confirmation as the stock fills in its December 18th gap,
which stretches up to the $19.00 region.  But rather than chasing
this one higher, we'd like to first see a pullback and successful
test of $16.00.  That area should now act as support.




---

Barnes & Noble - BKS - close: 16.30 change: +0.06

WHAT TO WATCH: Barnes & Noble broke through support at $16.00
after the company reported a decline in same-store sales for
February.  The weekly chart shows that BKS has already violated
long-term historical support in the $16.50 region.  Other than
the psychologically-important $15.00 level, there isn't any
substantial underlying support until the 1997 lows near $13.00.
We'd be watching for a move below $15.90 to offer an entry point.
By the way, check out that MACD.  At this rate it won't be long
before the oscillator produces a bearish crossover.




---

Pinnacle West - PNW - close: 31.79 change: +0.22

WHAT TO WATCH: Shares of Pinnacle West, the parent of Arizona
Public Service Company, have been blasting higher for more than
week.  Well...maybe "blasting" isn't the most accurate
description.  PNW is a pretty slow mover, and it only gained one
point over the past week.  But what an impressive point it was!
Shares marched steadily higher, paying little heed to what the
rest of the market was doing.  This relative strength bodes well
for a continued move higher.  With the exception of the
converging 50-day and 200-day moving averages at $32.30, there is
no significant overhead resistance until the $36.00 region.  How
to play PNW?  First of all, you'll need to be willing to hold for
a month or more.  Even at the current steep rate of ascent it
would take 5-6 weeks for PNW to reach $36.00.  Second, bullish
traders will probably want to see some consolidation of this
week's gains and a subsequent breakout above the aforementioned
moving averages before weighing any long positions.




---

PeopleSoft - PSFT - close: 16.05 change: -0.23

WHAT TO WATCH: The software index has rebounded from $98.77 on
numerous occasions over the past five months.  It took a broad-
based equity rally to prevent the GSO.X from falling below that
level on Friday.  That's a fact that should have sector bulls
very concerned.  Not only the index is on the verge of a
breakdown, but it's also looking weaker than the NASDAQ, which is
still holding safely above its own relative lows.  We like PSFT
as a possible bearish play if the GSO does break down.  The stock
spent the past three sessions trading near $16.00, consolidating
a rapid downdraft from the 50-dma at $18.76.  Another leg lower
could lead to a retracement of the sharp October rally that
lifted PSFT from the $12.00 level.  Short entries can be
evaluated on a move under the relative low of $15.66.




---

Nextel Communications - NXTL - close: 12.16 change: -0.31

WHAT TO WATCH: Is this a buyable dip in NXTL?  The stock is
hovering just above $12.00.  Thus far in 2003, every pullback to
that region has been met with buyers.  That might prove to be the
case again, but conservative traders need not apply; the stock
moved lower by more than 2.4% on Friday, backed by the strongest
volume in several months.  This would definitely be considered an
aggressive "call the bottom" type of play.  Those with the
necessary risk tolerance could consider long positions at current
levels, using a stop slightly under today's low of $11.84.  We'd
be shooting for a move back to the $14.00 region.  Possible
resistance lurks at the 50-dma near $13.00.




---

Telephone Data Systems - TDS - close: 37.49 change: -0.41

WHAT TO WATCH: Even the most ardent optimist would have trouble
finding something positive to say about the daily chart for TDS.
The stock has fallen to multi-year lows on steadily increasing
volume, and the newly-minted bearish MACD crossover certainly
isn't going to encourage much technical buying.  The weekly chart
shows that the next level of substantial support is all the way
down at the 1998 lows in the $31-$32 range.  With the stock
showing absolutely no response to Friday's market rally, TDS
looks like it's going to continue lower.  Aggressive traders
could watch for a move under $37.00 to provide an entry point.
But because the stock has already suffered some heavy losses over
the past week, more cautious bears will probably want to wait for
a failed rally near previous short-term support at either $38.00
or $38.50.  Those levels should now act as resistance in the
event that TDS breaks its six-day losing streak and retraces some
of the recent losses.




---

Temple Inland - TIN - close: 39.74 change: +0.21

WHAT TO WATCH: Shares of this conglomerate are trading at fresh
multi-month lows after falling through key support at $40.00.  On
the daily chart, we see a rather ominous double-top formation
created by the December and January highs near $49.00.  There's
also a disconcerting lack of underlying support until the October
lows in the $33.00 region.  In light of this technical weakness,
some traders might want to think about going short if TIN breaks
under today's low of $38.65.  The more prudent strategy would be
to wait for a violation of bullish point-and-figure support at
$38.00.




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

AL - Aluminum giant and Dow component Alcoa (AA) is trading at
multi-month lows.  AL is displaying a very similar daily chart,
but has much more downside potential.  The stock is trading in a
fast-move region formed by the October rally.  A retracement of
those gains would take AL to the $23-$24 region.  Alcan is a
relatively slow mover, so short-term traders might want to look
elsewhere for possible bearish plays.

FDO - Shares of this retailer have bounced back to the top of
their descending regression channel, which is bolstered by the
21-dma at $28.52.  Speculative traders could target entries at
current levels, using a stop slightly above $29.00.  The relative
low of $25.46 offers a possible downside target.

TCB - It tends to be a slow mover, but TCB really picked up a
bearish head of steam over the past week after being rejected
from its converging 21-day and 100-day moving averages.  Shares
are now threatening to break though support at $40.00 and retrace
the November bounce from $37.00.  P-n-f chartists will note that
TCF is showing a bull trap alert after being rejected from
bearish resistance.

VSH - Shares of this electronic component manufacturer broke down
to new relative lows on Friday, on roughly twice the average
daily volume.  The next level of historical support is at the
October lows near $7.00.

EXPE - We really like the breakout above $70.00.  EXPE has shown
excellent relative strength over the past month, and shares have
just broken above bearish resistance on the point-and-figure
chart.  The stock is now poised to retrace the December sell-off.
Short-term traders could target a move to psychological
resistance at $75.00; others could aim for a retest of the $78.00
region.

LOGI - Today's breakdown below the $30.00 support level is not
good news for the bears.  The p-n-f chart is looking quite weak
as well; LOGI has triggered a bearish triangle alert after
falling below ascending support.  Shares have no clear support
until the October lows near $21.00.

FLR - Fluor has posted some nice gains this week, as shares
sliced through the 21-day, 50-day, and 200-day moving averages
like a knife through butter.  On Friday the stock also broke
above resistance at $30.00.  There's some overhead congestion
near $30.50 and $31.75, but no heavy resistance until the July
highs at $34.00.  Bulls will probably want to see some sideways
consolidation near $30.00 before targeting long positions.

CB - The IUX.X insurance index is dangerously close to breaking
below support at 220.  Chubb is already trading at 52-week lows,
with the next level of historical support in the $43-$44 region.
Watch for a failed rally near the 21-dma ($47.98) to offer a
possible entry point.

BGEN - Biogen broke through the $34.00 support level on Friday
before shares rebounded with the broader market.  The next level
of bar chart support its at $30.00.  Short positions could be
targeted on a move under today's low of $33.50.  Traders seeking
confirmation from the p-n-f chart will have to wait for a trade
at $33.00 to produce a double-bottom sell signal.


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

What Day Is This?
OI Staff

Did we say Thursday was a day for rumors?  Little did we know that
Friday's rumor mill would be doing double-duty.  Rumors that Osama
had been captured were denied and replaced by rumors that his sons
had been captured, which were also later denied.  On top of it all
the world was reacting to President Bush's speech Thursday night
and the back room dealing at the UN was reaching a frenetic pace.

It would appear that the bounce today doesn't have much support behind
it.  Once Monday rolls around Wall Street will likely focus on the
crushing jobs report that came out Friday morning.  Add to the
recipe a war with Iraq that is bound to start in ten days time and
there is little reason to buy stocks.

The volatility indices aren't offering us much clues right now and
they shouldn't considering how the markets continue to trade sideways.
The new COT report is out as well.  Overall there was little change
as futures traders appear to be standing firm or standing on the
sidelines as we wait for some direction.

Oil continues its march higher and we wouldn't be surprised to see
it hitting $40 a barrel (again) by the end of the week.

Market sentiment would probably best be considered wary and weary.
The markets are weary of the sideways chop but there's no reason to
buy and all signs are pointing to a double-dip recession at the moment.
Plus, the markets are wary as the tension between the US and what
feels like the rest of the world is also rising.

It is bad enough that we have to play world policeman but there
appears to be no one else willing to stand in the gap.  Meanwhile
take a moment to pray for those men and women in uniform protecting
our freedoms.
-----------------------------------------------------------------

Market Averages

DJIA ($INDU)

52-week High: 10353
52-week Low :  7197
Current     :  7740

Moving Averages:
(Simple)

 10-dma: 7808
 50-dma: 8179
200-dma: 8539

S&P 500 ($SPX)

52-week High: 1106
52-week Low :  768
Current     :  829

Moving Averages:
(Simple)

 10-dma:  831
 50-dma:  866
200-dma:  904

Nasdaq-100 ($NDX)

52-week High: 1350
52-week Low :  795
Current     :  987

Moving Averages:
(Simple)

 10-dma:  991
 50-dma: 1008
200-dma: 1003
-----------------------------------------------------------------

VOLATILITY INDICES
Considering the volatility in the markets on Friday one might have
expected a bit more of a reaction in the fear indices (VIX & VXN).
Investors got no such luck.  Yes, they both spiked higher at the
open, but as the market rallied the volatility failed.  Considering
what's in front of us next week we'll be looking for these two
indicators to head higher.

CBOE Market Volatility Index (VIX) = 35.65 -0.69
Nasdaq-100 Volatility Index  (VXN) = 46.39 +0.74
-----------------------------------------------------------------

          Put/Call Ratio  Call Volume   Put Volume

Total          0.75        554,276       415,828
Equity Only    0.64        395,183       252,983
OEX            0.99         26,684        26,448
QQQ            1.09         42,085        45,922
-----------------------------------------------------------------

Bullish Percent Data

           Current   Change   Status
NYSE          37.7    - 1     Bull Correction
NASDAQ-100    33.0    - 1     Bear Confirmed
Dow Indust.   13.3    - 0     Bear Confirmed
S&P 500       30.8    - 1     Bull Correction
S&P 100       26.0    - 0     Bear 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  1.59
10-Day Arms Index  1.38
21-Day Arms Index  1.29
55-Day Arms Index  1.36


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       1561          1261
NASDAQ     1433          1614

        New Highs      New Lows
NYSE        90           143
NASDAQ      58           107

        Volume (in millions)
NYSE       1,595
NASDAQ     1,401
-----------------------------------------------------------------

Commitments Of Traders Report: 03/04/02

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

We hear about trading volumes falling but now we're seeing it
in the institutional futures positions as well.  Commercial
traders remain net short, expecting the market to go down.
Small traders are still net long and actually increased the
number of contracts on both sides of the fence.

Commercials   Long      Short      Net     % Of OI
02/11/03      412,333   472,156   (59,823)   (6.8%)
02/18/03      423,871   481,871   (58,000)   (6.4%)
02/25/03      424,276   482,476   (58,200)   (6.4%)
03/04/03      426,053   472,492   (46,439)   (5.2%)

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
02/11/03      161,126    95,618    65,508     25.5%
02/18/03      155,475    91,102    64,373     26.1%
02/25/03      157,790    91,083    66,707     26.8%
03/04/03      164,759    98,636    66,123     25.1%

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

NASDAQ-100

The professional traders in the NDX futures are just trading
water.  There is little difference from the week before.
Meanwhile the individual trader has bumped up the number
of short contracts but remains net long.

Commercials   Long      Short      Net     % of OI
02/11/03       39,412     53,818   (14,406) (15.5%)
02/18/03       38,486     50,501   (12,015) (13.5%)
02/25/03       38,787     51,745   (12,958) (14.3%)
03/04/03       39,934     52,978   (13,044) (14.0%)

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
02/11/03       29,667     8,915    20,752    53.8%
02/18/03       25,482     9,425    16,057    46.0%
02/25/03       25,378     7,431    17,947    54.7%
03/04/03       24,240     8,038    16,202    50.2%

Most bearish reading of the year: (10,769) - 06/11/02
Most bullish reading of the year:  19,088  - 01/21/02

DOW JONES INDUSTRIAL

Looks like interest has been picking up for the DJ futures.
Commercials upped both the long and short sides of the contracts
but remain net long (expecting the Industrials to go up).
The small trader slid a bit more to the bullish camp but
remains net short overall.

Commercials   Long      Short      Net     % of OI
02/11/03       19,826    11,800    8,026      25.4%
02/18/03       18,812    11,939    6,873      22.4%
02/25/03       19,985    11,866    8,119      25.5%
03/04/03       21,326    12,724    8,602      25.3%

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
02/11/03        5,390     9,300    (3,910)   (26.6%)
02/18/03        5,561     8,973    (3,412)   (23.5%)
02/25/03        4,872     8,723    (3,851)   (28.3%)
03/04/03        5,233     8,075    (2,842)   (21.4%)

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




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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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Copyright ) 2003  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter          Weekend Edition 03-07-2003
                                                    section 2 of 3
Copyright ) 2003, 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:  SLAB
  Bearish Play Updates:  INFY

Stock Bottom / Active Trader
  New Bullish Plays:     FRX
  Bullish Play Updates:  DHR, TOO
  Bearish Play Updates:  S, UHS
  Closed Bearish Plays:  APD

High Risk/Reward
  Bullish Play Updates:  AMGN, GLW
  Bearish Play Updates:  AW, CTAC


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

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

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

Silicon Labs - SLAB - close: 27.54 change: -0.04 stop: 25.74

Sometimes it's all about relative strength.  Bulls are probably
looking for anything they can park their money in these days and
SLAB has certainly been holding up its part of the bargain.
Intel's news really hit the stock (INTC) hard and shares lost 4%
by the close.  More importantly, the semiconductor sector gapped
lower, much like the rest of the markets today.  The dip below
280 was probably a tense once for both bulls and bears a like.
When the markets began to rebound, so did the $SOX.  Meanwhile,
shares of SLAB remained very strong.  Both the morning dip and
the afternoon dip in SLAB saw good rebounds.  The upward trend
remains and shares look ready for a breakout above $28.00.  We
still caution any traders strongly about going long stocks in
this market.  Many analysts believe that next week could be very
tough (translate: down) as we wait for the shooting to start.
However, if you're going to buy a stock, how about one that's out
performing its peers and the market (like SLAB).  Remember, if
SLAB hits $29.50 or higher we're closing the play.

Picked on February 20th at $25.74
Results since picked:       +1.80
Earnings Date            01/22/03 (confirmed)




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

Infosys Technologies - INFY - cls: 56.39 chg: -1.22 stop: 61.01*new*

The sell-off is picking up steam for shares of INFY.  The
breakdown through support at $60 is exactly what we were looking
for.  The Nasdaq COMPX closed flat on the day and the Indian
markets lost one percent.  Meanwhile INFY fell another 2.1%,
which is probably a reaction to the new low in the dollar.  As
the U.S. dollar falls it negatively affects INFY's bottom line.
The bad news for INFY is that the dollar seems bent on retesting
its summer lows of 1999.  Trader's need to keep an eye on the
dollar if they are trading this stock.  Any significant rally in
the greenback should have shorts covering in INFY.  Traders
should also take note of INFY's current position on the chart.
Shares have fallen five days in a row.  While's there's no rule
that says it can't fall for another five in a row, odds are the
stock is due for a pull back or in this case a rebound.  Short-
term traders who are already profitable should be considering how
to protect part of their profits.  We have a profit target of $51
and this could take another week or two to hit.  Thus, we need to
give the stock some room to cycle.  Worse case, the stock bounces
back up to the $60 level before failing again.  Another failure
will probably be a great new shorting opportunity.  In reality,
we wouldn't expect INFY to bounce that high... but then the
market is known for doing the unexpected.  We are going to lower
our stop down to $61.01 but more conservative traders may want to
consider the $60 mark instead.  We would not chase the stock
here.  If you're looking for new positions wait for a failed
rally.

Picked on March 5th at $59.49
Results since picked:   +3.10
Earnings Date        04/11/03 (unconfirmed)






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

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

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

Forest Labs - FRX - close: 51.01 change: +1.11 stop: *text*

Company Description:
Forest Laboratories develops, manufactures, and sells ethical
pharmaceutical products that are used for the treatment of a wide
range of illnesses. Forest Laboratories' growing line of products
includes: Lexapro(TM), indicated as initial as well as
maintenance treatment of major depressive disorder; Celexa(TM),
an antidepressant; Tiazac., a once-daily diltiazem, indicated for
the treatment of angina and hypertension; Benicar(TM)*, an
angiotensin receptor blocker indicated for the treatment of
hypertension; and Aerobid., an inhaled steroid indicated for the
treatment of asthma. (source: company press release)

Why We Like It:
We've been watching FRX for quite some time.  The stock was one
of the most impressive performers in the final quarter of 2002,
as shares rallied from an extended consolidation range near
$35.00.  Driving this strong upside movement were strong sales of
the company's anti-depression drugs, Celexa and Lexapro.  FRX got
another shot in the arm at the beginning of 2003 when they
released upside quarterly earnings guidance.  The stock also
benefited from speculation that its experimental Alzheimer's drug
would receive approval from an FDA panel, thus bringing it one
step closer to being marketed in the U.S.  Shares rallied to an
all-time high of $56.36 before a post-split depression took hold
following the stock's 2-for-1 dividend.  But interestingly,
buyers eagerly moved in once FRX had retraced roughly 50% of its
gains from the 2002 lows.

Over the past three weeks shareholders of Forest Labs have
enjoyed a steady uptrend that's lifted the stock off its February
14th low of $44.45.  Shares have displayed some impressive
relative strength, rising nearly 15%.  Meanwhile, the Dow Jones
has lost 2.1% over the same time period.  That tendency to
outperform the broader market was on display this Friday as
shares tacked on another 2.2%.  These gains took FRX above both
the 50-day and 100-day moving averages.  With those obstacles out
of the way, the stock is trading at new relative highs.
Bolstering the bullish technical picture are the rising MACD and
daily stochastic (5,3,3) oscillators.  Our upside objective for
this play will be psychological resistance at $55.00.  We're
kicking things off with an initial exit target just below that
level at $54.98.  In order to confirm an extension of today's
breakout, we're placing an action trigger at $51.13, one cent
above today's high.  If/when the play is activated we'll use a
stop-loss at $48.78, two cents under Wednesday's low.  Traders
willing to harbor a bit more downside risk could use a stop
slightly under the weekly low at $48.65.  And on a final note,
some conservative traders might only want to take partial
positions in FRX.  Forest Labs is a drug company - not a volatile
biotech that's prone to wild gyrations.  But nevertheless,
there's always the possibility that news from the FDA or new drug
study results could lead to gapping action in the stock.  Bear
this in mind as you plot your course of action.

Disclosure: At least one PremierInvestor.net analyst currently
holds an option position in FRX.

Picked on March xxth at $xx.xx <-- see text
Results since picked:    +0.00
Earnings Date         01/16/03 (confirmed)





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

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

Danaher Corp. - DHR - cls: 64.26 chg: +1.06 stop: 62.39 *new*

Ahh... Friday's session has us feeling a bit more confident in
DHR.  At Thursday's close we were rather glum about future price
appreciation based on the general market atmosphere.  The DHR
chart was telling us we had a relatively low risk buying
opportunity but it took a lot of faith to actually put the money
down.  Oddly enough, when the market fell at the open, DHR gapped
lower too but held on and rebounded strongly when bears saw that
the markets wouldn't cave in.  Now shares are back above their
50-dma and have closed back above the $64 mark.  Assuming there
aren't any disasters over the weekend, DHR just might have a
chance to rebound back to the top of its rising channel, which
would probably put it between $66 and $67.50.  Investors have to
keep in mind that the geo-political event risk is extremely high
right now and it's going to get higher in the next ten days.
Trade cautiously.  We're going to attempt to reduce our risk by
raising our stop once again.  The new stop will be one cent below
Friday's low or $62.39.

Picked on February 26th at $64.36
Results since picked:       -0.10
Earnings Date            01/30/02 (confirmed)




---

TOO Inc - TOO - close: 15.10 change: +0.05 stop: 14.49 *new*

The bears keep trying but someone keeps bidding up any weakness
in shares of TOO.  The stock gapped down at the open with the
rest of the market today but after touching $14.50 TOO quickly
rebounded.  Helping fuel the move was the rebound in the Retail
Index (RLX) and the strength seen in WMT.  The challenge for the
bulls lies in the RLX.  The group has been stuck in a sideways
pattern and with the recent economic data out investors shouldn't
be expecting any new rallies for retail.  So how do we apply this
to TOO?  We still believe that most of the risk is out of the
stock - at least for longer-term investors.  One could by the
stock here and hold on to it with a stop under the lows (or even
under $14).  Yet for traders, the audience we're talking too, our
goal is to limit our losses to a minimum while capturing the
short-term gain.  Our thought process now would be the following:
If TOO trades at or above $15.25, we start considering new long
positions.  Plus, we can reduce our exposure by raising our stop
to $14.49.  Day traders can aim for a move to $16.00 but we're
still aiming for a move higher.  Don't misunderstand us.  In
Thursday's update we were pretty cautious and not recommending
new long plays.  We're still really cautious and given the ten
day time frame on the Iraqi-US conflict the markets are bound to
be more volatile and probably on the weak side.  This doesn't
sound like the strongest environment to go long.  Trade
cautiously.

Picked on February 27th at $15.66
Gain since picked:          -0.56
Earnings Date            02/19/03 (confirmed)




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

Sears Roebuck - S - close: 19.90 change: +0.60 stop: 21.11

Friday's trading kicked off in predictable fashion as S followed
the broader market to some early-morning losses.  The stock moved
below Thursday's intraday support at $19.15 and made its way to
an intraday low of $18.90.  Not a bad start...but you probably
know the rest of the story.  Rumors that two of Osama Bin Laden's
sons had been captured or killed triggered a sudden short-
covering equity rally.  S followed the major indices higher and
topped out at $20.30 shortly after 12:00 EST.  At that point the
bullish enthusiasm slightly waned, and the stock formed a plateau
10-20 cents below $20.00.  The fact that S closed below that
level of psychological resistance is a positive sign for this
bearish play.  It's also encouraging to see that today's rally
came on only 4.6 million shares.  By way of comparison, volume
during the previous three sessions of down days clocked in at 7-
10 million.  Of course there's always the possibility that
today's reversal formed a short-term bottom in S.  The bulls will
be looking for shares to provide upside confirmation by
reclaiming the $20.00 level and breaking above today's high at
$20.30.  Those with a conservative strategy may want to use a
stop just above that level.  Traders looking for new entries will
probably want to wait for a move under the relative low of $18.63
before thinking about going short.

Picked on March 6th at 19.30
Results since picked   -0.60
Earnings Date       04/17/03 (unconfirmed)




---

Universal Health Svcs. - UHS - cls: 38.01 chg: -0.04 stop: 40.16

We saw hundreds of stock charts today that looked an awful lot
like the Dow Jones - A bullish daily candlestick with a long tail
extended down to the intraday lows.  However, that's not the case
with UHS.  The stock was notably absent from the early-morning
rally that resulted in large gains for the major indices.  Okay,
the stock did manage to move up to an intraday high of $38.43,
but those gains evaporated in a flash once the broader market
lost its upward momentum.  New relative lows were reached in
afternoon trading before some late-session buying pushed shares
back to break-even territory.  Meanwhile, fellow HMO stocks THC,
UNH, and WLP all finished solidly in the green.  With UHS
displaying relative weakness and a bearish tendency to give up
its intraday gains, we're anticipating further erosion of the
$38.00 support level.  A complete breakdown would raise the
possibility of UHS retracing its February gains.  With this in
mind, traders looking for new entries can watch for a move under
today's low of $37.71 to provide downside confirmation.

Picked on March 6th at 37.98
Results since picked   -0.03
Earnings Date       02/13/03 (confirmed)





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

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

Air Products - APD - close: 38.51 change: +0.62 stop: 40.06

We've given APD plenty of time to perform to the downside.  But
after more than a month of waiting for a breakdown, our patience
has run out.  On Friday morning the Dow traded to a new multi-
month low.  APD, however, remained safely above its own relative
low of $36.97.  The stock the rebounded with the broader market
and proceeded to violate the recent trend of lower highs.
Although shares still face overhead resistance at the descending
21-dma ($39.26), we think the most prudent strategy is to close
this play at current levels.  With the Industrials putting in a
possible short-term bottom today and the daily stochastics
(5,3,3) and MACD both beginning to reverse from oversold levels,
it looks like another test of the 21-dma could be forthcoming.
Our short play has been closed for a hypothetical profit of 3.3%.
Longer-term traders could maintain their short positions, with a
stop above either the 21-dma or Monday's high of $39.52.

Picked on January 29th at $39.84
Results since picked:      +1.33
Earnings Date:          01/22/02 (confirmed)






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

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

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

Amgen Inc. - AMGN - close: 55.70 change: +0.30 stop: 52.51

What a week for Amgen.  We couldn't have scripted it better
ourselves!  Tuesday's bullish EPS and revenue predictions from
the company helped the stock to plow through resistance at
$55.00.  AMGN was looking strong enough on a technical basis as
it consistently found buyers on pullbacks to the long-term
ascending trendline.  Throw in some positive fundamental news,
and the bears were in full retreat.  The stock continued to
behave in a bullish fashion on Friday, bouncing with the broader
market early in the morning and finishing with a small gain.  Not
surprisingly, we're now seeing some resistance at $56.00.  Short-
term traders may want to think about taking profits if shares
fail to move above that level on Monday.  If the recent trading
pattern is any indication, AMGN might soon move back to test its
rising trendline.  Traders looking for new entries could target a
pullback to the $54.00-$54.50 region, or even a test of the
rising 21-dma at $53.62.  Those with a conservative risk
management strategy might want to use a stop slightly below that
moving average.  Our stop is unchanged at $52.51.

Picked on February 14th at $52.51
Results since picked:       +3.19
Earnings Date            04/24/03 (unconfirmed)




---

Corning Inc. - GLW - close: 5.79 change: +0.29 stop: 5.64 *new*

Go, Corning, Go!  GLW finished off the week on a very bullish
note as shares tacked on another 5.2%.  This took the stock above
the February highs, to levels not seen since last May.  So far
the stock is behaving just as we hoped it would.  The breakout
above resistance at $5.00 has scared the bears into submission,
and with no overhead resistance it looks like shares could soon
reach our profit-target at $5.99.  Technical bulls will be
pleased with the fresh MACD crossover and the double-top buy
signal on the p-n-f chart.  It's also interesting to see that the
current rally is also being backed by very strong volume.
Today's reading of 15.3 million shares was the highest since
February 11th.  As we said in the original write-up for this
play, some traders might want to aim for a move to the $7.00
region.  We don't see any reason why GLW couldn't eventually
rally up to that level.  But with shares sitting on some large
short-term gains, some consolidation could be expected early next
week.  Our stop has been raised to $5.64 - one cent under this
afternoon's low.  This should protect a gain of roughly 12.5%.
Traders looking to lock in a slightly larger gain could simply
close out their long positions at current levels.

Picked on March 3rd at $5.01
Results since picked:  +0.78
Earnings Date       04/24/03 (unconfirmed)




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

Allied Waste - AW - close: 8.09 change: +0.07 stop: 8.54

More sideways trading for AW.  The stock roughly mirrored the Dow
Jones on Friday, as shares gapped lower at the opening bell
before quickly rallying into positive territory.  These intraday
gains were sufficient to dispatch short-term resistance at $8.11,
but not enough to push AW above the next bearish obstacle at
$8.20.  The daily chart shows that the $8.00 level has acted as a
price magnet since late-February.  This type of consolidation is
often seen after a large downward move such as the decline AW
suffered last month.  With neither the bulls nor the bears able
to gain the upper hand, it wouldn't be surprising to see the
sideways action continue in the near-term.  Today's volume was
very light at only 275,000 shares - the lowest reading of the
year.  If AW had actually put in a short-term bottom we'd expect
volume to be much higher.  In the event that shares do break to
the upside, we've attempted to eliminate any upside risk with a
breakeven stop at $8.54.  In light of the recent directionless
trading, we are not advising new short entries at this time.

Picked on February 20th at $8.54
Results since picked:      +0.45
Earnings Date           02/13/03 (confirmed)




---

1-800 Contacts - CTAC - cls: 19.42 chg: +1.14 stop: 20.01

Whoa.  That wasn't the sort of large move we were looking for.
CTAC trended higher for the third straight session today and blew
through overhead resistance at its 100-dma ($18.56) and the top
of its regression channel near $19.00.  The first signs of
trouble for the bears appeared immediately after the market
opened, when CTAC held firm while the Dow Jones gapped sharply
lower.  The stock marched to the beat of its own drummer
throughout the session, rising along the steep short-term
trendline that has dictated trading since Wednesday morning.
Shares accelerated to the upside in the afternoon before finally
finding resistance at the 21-dma ($19.65) and finishing with a
gain of 6.2%.  There was no apparent news to explain this bullish
performance.  At this point, traders with a conservative risk
management strategy should have already closed out short
positions.  Our stop is set at $20.01 in order to force CTAC to
trade above the 21-dma and psychological resistance at $20.00.
Next week we'll be looking for the stock to remain under the 21-
dma and retrace its recent gains.  More broader market strength
would probably result in this play being stopped out.

Picked on February 20th at $18.80
Results since picked:       -0.62
Earnings Date            02/18/03 (confirmed)







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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

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

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

Copyright ) 2003  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter         Weekend Edition 03-07-2003
                                                   Section 3 of 3
Copyright ) 2003, 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 March 10th
   - 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 March 10th
==========================================

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

Symbol  Company               Date           Comment      EPS Est

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

BMY    Bristol-Myers Squibb  Mon, Mar 10  Before the Bell     0.27
DT     Deutsche Telekom      Mon, Mar 10  Before the Bell      N/A
SASOY  Sasol Ltd ADR         Mon, Mar 10  -----N/A-----       0.78


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

DLM    Del Monte Foods       Tue, Mar 11  Before the Bell     0.32
HNZ    H.J. Heinz Company    Tue, Mar 11  Before the Bell     0.52
KR     The Kroger Co.        Tue, Mar 11  Before the Bell     0.49


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

CMVT   Comverse Technology   Wed, Mar 12  After the Bell     -0.11
Z      Foot Locker, Inc.     Wed, Mar 12  Before the Bell     0.34
FCEa   Forest City Enter Inc Wed, Mar 12  -----N/A-----        N/A
MIK    Michaels Stores       Wed, Mar 12  After the Bell      1.01
TLB    Talbots               Wed, Mar 12  -----N/A-----       0.47


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

BGP    Borders Group Inc.    Thu, Mar 13  After the Bell      1.38
CLE    Claire's Stores       Thu, Mar 13  During the Market   0.81
DEG    Delhaize Group        Thu, Mar 13  -----N/A-----        N/A
PSA    Public Storage        Thu, Mar 13  -----N/A-----       0.70
TKC    Trkcl Iltsm Hzmtlri   Thu, Mar 13  -----N/A-----        N/A
HLTH   WebMD                 Thu, Mar 13  After the Bell      0.09


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

BAY    Bayer                 Fri, Mar 14  Before the Bell      N/A
KBH    KB Home               Fri, Mar 14  Before the Bell     1.16


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

Symbol  Company Name              Ratio    Payable     Executable

EXPE    Expedia                   2:1      Mar. 10th   Mar. 11th
ROL     Rollins, Inc              3:2      Mar. 10th   Mar. 11th
FFLC    FFLC Bancorp, Inc.        3:2      Mar. 14th   Mar. 17th
LNBB    LNB Bancorp, Inc.         3:2      Mar. 14th   Mar. 17th
BRL     Barr Labs                 3:2      Mar. 17th   Mar. 18th
NARA    Nara Bancorp              2:1      Mar. 17th   Mar. 18th
XTO     XTO Energy                4:3      Mar. 18th   Mar. 19th


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

This week is back loaded with plenty of economic data as the
Retail Sales, Import/Export, PPI, Industrial production reports
and more all come out Thursday & Friday.  Unfortunately, this
will all pale beneath the media blitz covering the final ten
days before the U.S. goes to war with Iraq.

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

Monday, 03/10/02
----------------
None


Tuesday, 03/11/02
-----------------
Wholesale Invntories(DM)Jan  Forecast:   0.3%  Previous:     0.8%


Wednesday, 03/12/02
-------------------
Trade Balance (BB)      Jan  Forecast:-$44.5B  Previous:  -$44.2B


Thursday, 03/13/02
------------------
Initial Claims (BB)   03/08  Forecast:    N/A  Previous:     430K
Retail Sales (BB)       Feb  Forecast:  -0.2%  Previous:    -0.9%
Retail Sales ex-auto(BB)Feb  Forecast:   0.0%  Previous:     1.3%
Export Prices ex-ag.(BB)Feb  Forecast:    N/A  Previous:     0.4%
Import Prices ex-oil(BB)Feb  Forecast:    N/A  Previous:     0.2%


Friday, 03/14/02
----------------
PPI (BB)                Feb  Forecast:   0.7%  Previous:     1.6%
Core PPI (BB)           Feb  Forecast:   0.1%  Previous:     0.9%
Business Inventories(BB)Jan  Forecast:   0.2%  Previous:     0.6%
Current Account (BB)     Q4  Forecast:-$136.5B Previous: -$127.0B
Industrial Prduction(DM)Feb  Forecast:   0.2%  Previous:     0.7%
Capacity Utilization(DM)Feb  Forecast:  75.7%  Previous:    75.7%
Mich Sentiment-Prel.(DM)Mar  Forecast:    N/A  Previous:     79.9

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

MSTR    Microstrategy Inc          22.60     +1.08
MGG     MGM Mirage                 26.20     +1.29

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

DGIN    Digital Insight Corp       12.35     +1.05
STN     Station Casinos            19.40     +1.56

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

JNJ     Johnson & Johnson          55.30     +2.00
NKE     Nike Inc                   49.10     +2.49
KWD     Kellwood Co                29.00     +3.20
ZQK     Quicksilver Inc            27.77     +1.51
ANPI    Angiotech Pharma.          40.20     +1.81

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

MCHP    Microchip Technology       22.45     -1.02
VSEA    Varian Semiconductor       21.25     -1.47
LMT     Lockheed Martin            43.56     -1.01
MO      Altria Group               35.82     -1.46
CRL     Charles River Labs         26.61     -1.46
LOGI    Logitech Intl.             29.05     -1.12

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

CCBG    Capital City Bank Group    35.80     -0.70
PORT    Port Financial Corp        47.53     -1.16
KMR     Kinder Morgan Mgmt.        31.46     -0.48
CBMD    Columbia Bancorp           23.96     -0.65




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