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Daily Newsletter, Tuesday, 02/10/2004

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PremierInvestor.net Newsletter                  Tuesday 02-10-2004
                                                    section 1 of 2
Copyright (c) 2004, 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:      The Fed Man Cometh
Watch List:       TYC, JCP, MU, UST
Market Sentiment: Holding Pattern

=================================================================
MARKET WRAP  (view in courier font for table alignment)
=================================================================
      02-10-2004           High     Low     Volume Advance/Decline
DJIA    10613.85 + 34.80 10626.66 10559.26 1.75 bln   2111/1129
NASDAQ   2075.33 + 14.80  2075.33  2060.44 1.66 bln   1988/1192
S&P 100   566.35 +  2.63   567.18   563.07   Totals   4099/2321
S&P 500  1145.54 +  5.73  1147.02  1138.70
W5000   11181.46 + 64.70 11183.26 11108.16
RUS 2000  592.83 +  7.34   592.85   584.69
DJ TRANS 2921.86 + 18.20  2921.86  2887.96
VIX        15.94 -  0.45    16.76    15.84
VXO (VIX-O)15.55 -  0.22    16.09    15.32
VXN        24.50 -  0.71    25.44    24.28
Total Volume 3,713M
Total UpVol  2,324M
Total DnVol  1,328M
Total Adv  4644
Total Dcl  2639
52wk Highs  628
52wk Lows     7
TRIN       1.14
NAZTRIN    0.86
PUT/CALL   0.72
=================================================================

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

The Fed Man Cometh

Investor positioning ahead of the Greenspan testimony tomorrow
kept the markets in a tight range but it could not keep them
from posting a decent gain for the day. The Dow closed back
over 10600 and the Nasdaq surged to 2075. Not a bad day when
you consider the fear some have of the Greenspan testimony.

Dow Chart - Daily


Nasdaq Chart - Daily



The morning started off slow despite the Chain Store Sales for
last week showing +1.8% growth. That was the strongest growth
since December and about six times the average for the last
five weeks at -0.3%. The year over year gains were +5.9% and
the strongest growth since November. The cold weather is
helping sell the remaining coats and sweaters and clearing
the shelves for the spring wardrobe change. The ICSC raised
its estimates for February to a range of +4.5% but it would
still be below the +5.7% level for January. With the tax
refunds beginning to flow soon the sales for late Feb and
all of March should be very strong.

The Richmond Fed Survey rose to 18 and up from 8 in December.
This was the second highest level in the last year with the
high being 20 last October. That October number was the
result of the hot 3Q carry over that pulled the numbers
back from negative territory. New Orders and Back Orders both
improved although the long term outlook slipped slightly.
New orders rose to 24 and the highest level since Jan-2003.
Back orders rose to 7 and the highest level since June-2000.
The employment component fell -8 points and back into negative
territory. Future employment expectations fell to a four-month
low. I guess the Richmond area did not benefit from any
of those "found" jobs from last week. Inflation pressures
increased with prices paid rising faster than prices received.
Raw materials prices continue to climb across the board with
energy prices spiking again today on news from OPEC. With
commodity prices rising and prices received still falling
due to excess capacity there is a profit squeeze in our
future. Bottom line here is increased production and output
but continued drop in hiring as manufacturers continue to
try and lower employee costs.

The news today was not earnings but fixation on what Greenspan
might say on Wednesday. Opinions were plentiful and differing.
The consensus was an optimistic outlook on the economy and
nobody expects any problems there. The cloud over the market
is the potential for any language that will suggest a rate
hike in the near future. There is a growing concern that the
Fed could raise rates preemptively this summer to avoid a
later pre election hike. Earnings are still running in the
+28% range for the 4Q and guidance has mostly been stronger
than expected. If we did put in back to back quarters of
strong earnings growth the Fed might feel the need to open
the pressure relief valve slightly after the April earnings
cycle. There is a meeting on May-4th and another two day
meeting beginning on June 29th. This gives them three maybe
four more employment reports to see if jobs are picking up
before making a decision. IF they were going to hike the
bond groupies are projecting a hike at the June meeting. The
Fed funds futures are suggesting the rate will be hiked to
1.25% by August. There is no July meeting making the June
meeting the target.

Traders are hoping for a sign from Greenspan that nothing
has changed and the Fed is planning on being patient at
least until June. What they will probably get is nothing.
Depending on Greenspan's mindset he will give them nothing
but useless Greenspeak and leave them as confused as before.
He has in the past taken advantage of a very few public
appearances to "correct" the market's understanding of the
Fed position with a well structured sentence or two. This
is very rare occurrence but it does happen. What I would
expect is a simple "economy growing slow but ramping up"
context and a restatement of the "Fed can continue the
current accommodative stance until capacity utilization
and job creation improve". The bond bulls will interpret
it in view of their outlook and go their merry way. Just
in case Greenspan says something he did not mean to say
or gets home to find the market interpreted it different
than he expected then he gets a second chance to correct the
statement on Thursday with a repeat appearance. The average
change in the bond market when Greenspan gives his testimony
is a full point. There are always fireworks in bonds when
he speaks before Congress. The stock market is far less
reactive but in this current mode we could be bond reactive.

While it seems the market has come to a screeching halt while
we wait for the master to speak that outlook is not true. We
have had a very strong week in my opinion. The Dow jumped
+140 points from its lows on Friday and the trend this week
has continued upward. We did consolidate on Monday with a
higher high but it was only a minor pullback at the close.
That was corrected today with another higher high and a close
over 10600. This was the highest close for February and we
are nearing the 10650 resistance that gave us fits in
January. Not a bad month so far for the Dow and February
is historically the 3rd worst month of the year.

The Nasdaq is not doing as good but is well off its lows.
The close at 2075 was right at the month end resistance and
about +63 points off the lows. This is great considering the
rebound off the 50 dma but there are tougher levels above
for the index. If the Nasdaq can get over the 2075 resistance
it can then take aim at the very strong 2150 resistance level.
The Nasdaq is dragging some heavy baggage along with its move.
One piece of that baggage is Dell, which announces earnings
on Thursday. While they are not expected to miss there is
some worry that they could show the wear and tear of a major
price war. Their major competitor HPQ while not a Nasdaq
stock does not announce until the following Thursday. This
sets up a great potential for an option play on HPQ which
I will layout following this commentary.

The Nasdaq will probably rejoice more over some good news
from Dell than it will from any positive Greenspeak. Because
of Dell's position as the second biggest PC maker they will
impact all the component sectors with their market view. The
Dow will also hear from a couple major components tomorrow.
Disney and Coke will report earnings and there is much to
speculate about. PIXR posted record earnings after their
success with the Disney films. This would suggest Disney
should also post better than expected earnings and this has
been priced into the stock over the last couple days. KO
has also seen a significant bounce after hitting the 50 dma
last week. KO has been under fire from channel stuffing
allegations that go back for several years. Coincidently
KO said Japan results could be very strong and that is
where the majority of the stuffing allegations were focused.
Their earnings will be heavily scrutinized. Both stocks
could find some profit takers on the announcement without
any material upside surprise to provide a catalyst.

While the Tuesday bounce was encouraging it did come on
very low volume of only 3.7B shares compared to the 5B+
shares we were seeing on the last rally to this area. The
internals remained very strong despite the lackluster
volume. Advancers were nearly 2:1 over decliners and new
highs rose to 628. This was more than twice the level we
saw on the lows last week. The dip buyers are still alive
and well. The market saw a major drop at 2:12 just as a
rumor hit that the Washington Dulles Airport had been
closed. That rumor knocked about -50 points off the Dow
and the dip was immediately bought. The rumor did take some
of the excitement away from the buyers and it was not until
the last 30 min before they united to push it back over
10600 again.

Assuming Greenspan does not attack the markets, the weak
dollar, tax cuts or throws his support to Kerry for the
election we should be in good shape. The Dow has a three
day uptrend in place and the Nasdaq is poised to break
out over 2075 resistance. We are only 93 points away from
10705 and the highs for the year on the Dow. The Nasdaq is
only -88 points from its high of 2152. While this is
positive I would not expect a sudden bullish ramp to new
highs. We are simply trading at the high end of our range
and we should continue to trend up once this week is over.

We need to remember that February is the 3rd worst month
of the year historically and is known for consolidations.
This is exactly what we have been doing for the last nine
days on the Dow and it may not be over despite the current
uptrend. The Nasdaq saw more serious profit taking but
despite the rebound could also till be vulnerable. Dell
will be the key more than Greenspan but he is still a risk.
The game plan should still be "buy the dip" until something
changes. Personally I think there are quite a few traders
hoping Greenspan takes aim at the markets just so they can
get a better entry point. Dow 10475-10500, Nasdaq 2020-2050
support should hold on any minor verbal attack. I know my
long positions would be perfectly happy to see a catapult
spike back to 10700 tomorrow but I would also eagerly take
advantage of any dip to add to those positions.

Enter Passively, Exit Aggressively.

Jim Brown
Editor


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


Tyco International - TYC - close: 28.15 change: +0.48

WHAT TO WATCH: Shares of TYC have been consolidating their strong
move off the $22 level and now look ready to commence the next
upward leg.  With the company looking like it has gotten its
house in order, investors are continuing to drive the stock
higher.  Use a trigger over $28.60 and target a move to $35
resistance.




---

J.C. Penney Company - JCP - close: 28.34 change: +0.31

WHAT TO WATCH: Retailers are looking strong again and the RLX
index is threatening to break out through the $390 resistance
level.  At the same time, JCP has really been on a tear and
today's gains put the stock at its best level since late 2001.
Use a trigger over today's high.  After scaling near resistance
at $30, look for JCP to continue up towards strong resistance at
$35.  Earnings are set for February 26th.




---

Micron Technology - MU - close: 16.21 change: +0.31

WHAT TO WATCH: Following its breakout in late January, shares of
MU have held up very well, especially in light of the weakness in
the overall Semiconductor sector.  With the stock consolidating
nicely above the $15.50 level, any dip and rebound above that
level looks good for establishing long positions.  Target a near-
term rally to the $17.50-18.00 area.




---

U.S.T. Inc. - UST - close: 36.34 change: +0.24

WHAT TO WATCH: Tobacco stocks have been smoking lately and UST is
right on the edge of a breakout over 7 months of resistance.
While there's the potential for some resistance to be found near
the June highs just under $38, it looks like the stock may have
upside to the $40-41 area.  Use a trigger over $36.75.




---

===================
On the RADAR Screen
===================

NVDA $23.43 - With Chip stocks recovering from last week's test
of key support, NVDA is starting to come back to life.  Friday's
rebound pushed the stock back over the 50-dma and today's rally
makes it look like a run back to the recent highs just under $26
may be in play.  Use a trigger over the 30-dma ($23.63).

HCR $35.47 - Health Care stocks have been on the move again
lately and HCR looks ready to break out to new highs.  Today's
rally attempt was turned back right at the December high
($36.83), so use a trigger over that level and target a near-term
move to the $40 area.

TGT $41.30 - TGT is another stock benefiting from the strength in
the Retail sector and we could be looking at the beginnings of a
run into the company's February 19th earnings report.  Use a
trigger over the September high ($41.80) and target a move to the
$45 resistance level.


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

Holding Pattern
- J. Brown

The path of least resistance still appears to be up but the path
may have grown a lot more rocky.  Both the DJIA and the NASDAQ
are up off their lows from last week but the buyers seem to be
cautious, especially ahead of the Alan Greenspan's appearances
this week.  The last FOMC brought forth a change in language that
the markets were not prepared for and now investors are
apprehensive that he may say something else during his Wednesday
or Thursday appearance before congress and the senate.

On top of being fearful of what the Fed chairman might say we've
had little economic news to drive stocks higher and earnings are
almost over.  Despite a lack of catalysts the Russell 2000 has
seen a strong rebound in the last few days that has out performed
the major averages.  Also noteworthy is the bounce in the Dow
Transport index.  Traditional Dow theory suggests that we can't
have a sustained market rally (bull market) unless the transports
participate in it as well.

Looking over the tech sector the Internet seem to be leading the
way while the semiconductors have been digesting Friday's big
gain. Meanwhile financial sectors have been churning sideways as
investors continue to rotate money into drug and biotech stocks.
The continued strength into drugs might be translated as a
defensive posture by investors.  Energy stocks have also been out
performing with oil, oil services, utilities and natural gas all
with three days of consecutive gains.  Setting new highs are the
insurance and defense indices while the RLX retail index has
rallied straight to resistance.  A strong round of earnings from
the retailers could produce a breakout for the sector in general.


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

Market Averages

DJIA ($INDU)

52-week High: 10701
52-week Low :  7416
Current     : 10613

Moving Averages:
(Simple)

 10-dma: 10522
 50-dma: 10341
200-dma:  9544

S&P 500 ($SPX)

52-week High: 1155
52-week Low :  788
Current     : 1145

Moving Averages:
(Simple)

 10-dma: 1134
 50-dma: 1108
200-dma: 1026

Nasdaq-100 ($NDX)

52-week High: 1559
52-week Low :  795
Current     : 1500

Moving Averages:
(Simple)

 10-dma: 1487
 50-dma: 1472
200-dma: 1335


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

The stock market may not be galloping higher but investor
confidence is still growing as evidenced by the declines in
the volatility indices.

CBOE Market Volatility Index (VIX) = 15.94 -0.45
CBOE Mkt Volatility old VIX  (VXO) = 15.55 -0.22
Nasdaq Volatility Index (VXN)      = 24.50 -0.71

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

          Put/Call Ratio  Call Volume   Put Volume

Total          0.72        712,657       510,672
Equity Only    0.62        608,761       377,773
OEX            1.21         19,476        23,563
QQQ            1.14         31,191        35,640


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

Bullish Percent Data

           Current   Change   Status
NYSE          76.5    + 0     Bull Confirmed
NASDAQ-100    70.0    + 0     Bear Alert
Dow Indust.   86.7    + 0     Bull Confirmed
S&P 500       87.6    + 0     Bull Confirmed
S&P 100       88.0    + 0     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-dma: 0.98
10-dma: 1.02
21-dma: 1.02
55-dma: 0.99


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

            -NYSE-   -NASDAQ-
Advancers    1875      1970
Decliners     969      1138

New Highs     372       182
New Lows        9         1

Up Volume   1021M     1025M
Down Vol.    678M      540M

Total Vol.  1711M     1644M
M = millions


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

Commitments Of Traders Report: 02/03/04

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

Commercial traders can't seem to make up their mind.  Currently,
they're almost flat with a slight edge to the bears.  Meanwhile
the small traders have grown even less bearish.


Commercials   Long      Short      Net     % Of OI
01/13/04      405,558   411,361    (5,803)   (0.7%)
01/23/04      422,135   407,626    14,509     1.7%
01/27/04      417,089   410,930     6,159     0.7%
02/03/04      411,920   414,596    (2,676)   (0.3%)

Most bearish reading of the year: (111,956) -  3/06/02
Most bullish reading of the year:   23,977  - 12/09/03

Small Traders Long      Short      Net     % of OI
01/13/04      149,057    90,571    58,486    24.4%
01/23/04      141,107   100,090    41,017    17.0%
01/27/04      143,089    87,828    55,261    23.9%
02/03/04      141,465    81,926    59,539    26.7%

Most bearish reading of the year:  (1,657)- 5/27/03
Most bullish reading of the year: 114,510 - 3/26/02


E-MINI S&P 500

Commercials have become significantly more bearish by upping
their short positions and closing some bullish ones.  Small
traders are still feeling optimistic.


Commercials   Long      Short      Net     % Of OI
01/13/04      196,858   263,845    (66,987)  (14.5%)
01/23/04      233,867   307,122    (73,255)  (13.5%)
01/27/04      291,166   334,618    (43,452)  ( 6.9%)
02/03/04      280,519   346,042    (65,523)  (10.5%)

Most bearish reading of the year: (354,835)  - 06/17/03
Most bullish reading of the year:  133,299   - 09/02/03

Small Traders Long      Short      Net     % of OI
01/13/04     191,241     62,711   128,530    50.6%
01/23/04     187,270     57,196   130,074    53.2%
01/27/04     154,485     60,556    93,929    43.7%
02/03/04     133,293     55,476    77,817    41.2%

Most bearish reading of the year: (77,385)  - 09/02/03
Most bullish reading of the year: 449,310   - 06/10/03


NASDAQ-100

Commercial traders in the NDX remain in limbo with very
little movement over the last few weeks.  In contrast
small traders have become much more bearish.


Commercials   Long      Short      Net     % of OI
01/13/04       41,829     38,547     3,282    4.1%
01/23/04       42,823     39,442     3,381    4.1%
01/27/04       43,704     40,951     2,753    3.3%
02/03/04       43,600     41,441     2,159    2.5%

Most bearish reading of the year: (21,858)  - 08/26/03
Most bullish reading of the year:   9,068   - 06/11/02

Small Traders  Long     Short      Net     % of OI
01/13/04        9,705    12,539    (2,834)  (12.7%)
01/23/04        9,180    11,371    (2,191)  (10.7%)
01/27/04       10,137    10,715    (  578)  ( 2.8%)
02/03/04        8,907    13,729    (4,822)  (21.3%)

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

The shuffling continues for commercial traders in the Dow.
Small traders have become more bearish.


Commercials   Long      Short      Net     % of OI
01/13/04       16,501     8,724    7,777      30.8%
01/23/04       16,403     9,252    7,151      27.9%
01/27/04       16,536     8,404    8,162      32.7%
02/03/04       17,765     9,619    8,146      29.7%

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
01/13/04        6,496     9,970   (3,474)   (21.1%)
01/23/04        6,068    10,183   (4,115)   (25.3%)
01/27/04        7,240    12,372   (5,132)   (26.2%)
02/03/04        6,352    13,113   (6,761)   (34.7%)

Most bearish reading of the year: (10,136) - 12/16/03
Most bullish reading of the year:   8,523  -  8/26/03

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


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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
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newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
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is possible at this or some subsequent date, the editors and
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Copyright ) 2003  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter                  Tuesday 02-10-2004
                                                    section 2 of 2
Copyright (c) 2004, All rights reserved.
Redistribution in any form is strictly prohibited.

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

Stop Adjustments:  None
Closed Plays:      None

Stock Splits:      DKS, POG

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)


=================================================================
Stop Loss Adjustments
=================================================================

None


=================================================================
Closed Plays
=================================================================

None


=================================================================
Stock Splits
=================================================================

Announcements
-------------

DKS scores with a 2-for-1 stock split

Shortly after the market's close today Dick's Sporting Goods, Inc.
(NYSE:DKS) announced its Q4 sales and a 2-for-1 stock split.

Sales for the December quarter were up 20% to $474.4 million while
comparable store sales rose 4.6%.  DKS is raising its guidance on
its Q4 net income to 98-99 cents a share. Analyst estimates were
at 92 cents.  DKS is due to report earnings on March 11th.

The 2-for-1 stock split will be distributed as one additional
share for each share of common stock owned.  The distribution date
should be April 5th, 2004 to shareholders on record as of March
19th.

According to DKS' press release its stock price has risen 160%
during 2003 and 340% from its IPO price back in October 2002.


About the company:
Pittsburgh-based Dick's Sporting Goods, Inc. is an authentic full-
line sporting goods retailer offering a broad assortment of brand
name sporting goods equipment, apparel, and footwear in a
specialty store environment. As of January 31, 2004, the Company
operated 163 stores in 27 states throughout the Eastern half of
the U.S. (Source: Company Press Release)

---

POG gushes with a 2-for-1 stock split

After today's closing bell Patina Oil & Gas Corp (NYSE:POG)
announced that its Board of Directors has approved a 2-for-1 stock
split.

The payable date for the split will be March 3rd, 2004 for
shareholders on record as of February 23rd.  Post-split POG should
have almost 70.9 million shares outstanding.

In addition to the split POG plans to issue a quarterly cash
dividend of 5 cents per share, to be declared on a post-split
basis some time in March.


About the company:
Patina is an independent oil company engaged in the acquisition,
development, exploitation and production of oil and natural gas
primarily in Colorado's Wattenberg Field, the Mid Continent region
of southern Oklahoma and the Texas Panhandle, and the San Juan
Basin. (Source: Company Press Release)



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

GSK     GlaxoSmithKline            45.22     +0.62
CVX     ChevronTexaco              86.54     +0.76
MO      Altria Group               55.18     +0.75
UTX     United Technology          95.60     +0.73
BMY     Bristol-Myers Squibb       29.57     +0.87
MET     Metlife Inc                35.50     +0.62

---------------------------------------
Breakout to Upside (Stocks $5 to $20)
---------------------------------------

PWAV    Powerwave Technologies     10.95     +1.05
FLE     Fleetwood Enterprises      14.52     +1.92
CHB     Champion Enterprises        9.06     +2.17
PCR     Perini Corp                14.29     +1.30
JILL    J.Jill Group Inc           14.97     +1.48
MAPS    MapInfo Corp               14.41     +1.68

---------------------------------------
Breakout to Upside (Stocks over $20)
---------------------------------------

UBS     UBS                        77.33     +2.30
AIG     American Intl Group        73.50     +1.67
ERICY   LM Ericsson Telephone      28.92     +1.51
RIG     Transocean Inc             28.39     +1.09
TMK     Torchmark Corp             49.90     +1.25
WFT     Weatherford Intl Ltd       43.35     +1.44
ICBC    Independence Bank          40.20     +1.39

-------------------------------------------
Breakout to Downside (Stocks over $20)
-------------------------------------------

WIT     Wipro Ltd                  46.44     -1.06
FNF     Fidelity National Fnl      39.11     -4.33
PRE     Partnerre Ltd              57.66     -2.13
HNI     Hon Industries             39.79     -1.46

-----------------------------------------
Recently Overbought With Bearish Signals (Stocks over $20)
-------------------------------------------

MGPI    MGP Ingredients            23.21     -2.51


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