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Daily Newsletter, Sunday, 03/07/2004

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PremierInvestor.net Newsletter          Weekend Edition 03-07-2004
                                                    section 1 of 3
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:       Bad News Bulls Are Back
Market Sentiment:  Another tough week
Watch List:        KKD, R, BLL, A

=================================================================
MARKET WRAP  (view in courier font for table alignment)
=================================================================
       WE 03-05        WE 02-27        WE 02-20        WE 02-13
DOW    10595.55 + 11.63 10583.9 - 35.11 10619.0 -  8.82 + 34.82
Nasdaq  2047.63 + 17.81 2029.82 -  8.11 2037.93 - 15.63 - 10.45
S&P-100  568.45 +  3.91  564.54 -  0.33  564.87 -  1.05 -  0.14
S&P-500 1156.86 + 11.91 1144.95 +  0.84 1144.11 -  1.70 +  3.05
W5000  11314.42 +141.50 11172.9 + 29.34 11143.6 - 30.42 + 44.60
SOX      504.25 +  1.99  502.26 -  7.99  510.25 -  0.80 -  8.30
RUT      599.54 + 13.98  585.56 +  5.67  579.89 -  5.25 +  1.07
TRAN    2893.07 -  9.12 2902.19 + 10.01 2892.18 - 24.38 + 22.20
VIX       14.48 -  0.09   14.57 -  1.47   16.04 +  0.46 -  0.41
VXO       14.80 +  0.04   14.76 -  1.49   16.25 +  0.62 -  0.35
VXN       22.08 -  0.79   22.87 -  1.25   24.12 -  0.02 -  0.49
TRIN       1.40            1.26            1.29            1.19
Put/Call   0.79            0.73            0.86            0.76
WE = week ending
=================================================================

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

Bad News Bulls Are Back
by Jim Brown

Jobs were drastically lower than expected. Markets gaped
down at the open and bonds soared on the weak economic news.
Suddenly the bad news bulls stampeded into the picture and
not only pulled the markets back from the brink but pushed
them to new highs in many cases. Bad news equals strong
markets or so it appears.

Dow Chart - Daily


Nasdaq Chart - Daily



The bad news came in the form of the February Employment
Report and a huge miss in the headline number. Only 21,000
jobs were created in February when official estimates were
for +125,000 and whisper numbers exceeded +250,000 in several
instances. Not only was the headline number bad but the
numbers for the prior two months were revised down as well.
January dropped from +112,000 to +97,000 and December fell
from +16,000 to only +8,000. This was not good news for
those looking for signs of a rapidly expanding economy.

It was good news for the bond market where bonds soared to
eight month highs as fear of a coming rate hike evaporated.
Yields on the ten-year note fell to 3.83% and well off the
4.10% highs for the week. That may not seem like much on
the surface but in bond terms it is huge. It was the biggest
one day change in rates since last July. In one fell swoop
the Fed fund futures erased the chance of a quarter point
increase in August where it had been indicated and moved
it all the way to March 2005. Obviously this can change
should the recovery suddenly catch fire but as of today
there are no rates hikes expected this year.

Ten-year Yield Chart - Daily



With the Fed on hold and interest rates falling to eight
month lows the business environment suddenly improved
significantly. Fears of rising rates from a stronger
dollar and the panic Greenspan created this week were
suddenly forgotten. No strong dollar here or in the near
future. All outward signs show the recovery still in
progress but moving at a snails pace. This means the
deficit will continue to grow from lack of tax receipts
from surging earnings but earnings gains are still on
track.

The lack of job creation is actually good for earnings.
It means productivity will continue to increase and costs
will continue to be low. U.S. employees are expensive
with up to 40% of their cost going to benefits. Using
existing employees until they are forced to hire due to
rising demand will keep earnings strong and companies
healthy.

The problem we are left with is the unemployed consumer
and those that fear they could become unemployed. Workers
in those categories hoard money not spend it. Every dollar
takes on a higher value when future income is in doubt.
What we are likely to see is further drops in consumer
confidence and sentiment numbers. Those numbers will be
even further depressed because of the political rhetoric
which intensified immediately after the jobs announcement.
The candidates wasted no time in blasting Bush about the
lack of new jobs, the rising deficit and weakness in the
economy. This will continue to be fed to the masses and
confidence in the current and future economic conditions
will decline.

Overlooked in the greater scheme of things was the six
consecutive months of positive job creation. Not a record
pace but compared to the -300K to -450K per month of job
losses in late 2001 this is a huge improvement. We have
been steadily improving albeit at a slow pace since the
9/11 disaster. Also, when evaluating the current economy
you always have to compare conditions now to those pre
9/11. Economic conditions, business and travel patterns
all changed drastically on that day and it had nothing
to do with the administration. We have worked our way
out of that black hole and America businesses are
stronger for it.

Business is improving. Many companies are posting record
profits again once they restructured to the new reality.
Lessons were also learned from the bursting of the Internet
bubble and the collapse of the Y2K buying cycle. There
are a lot of things to be positive about and many traders
saw through the jobs fog on Friday morning and went on
a shopping spree. Business conditions had suddenly
improved with the removal of the rate hike cloud that
had tanked stocks earlier in the week. Stocks were on
sale and smart investors recognizing a bull market
opportunity loaded up. Interest rate sensitive stocks
like banks and homebuilders soared with many hitting
new highs. Consumer stocks like Maytag, TJX and HSY
also rose on the prospect of continued low rates.

Bull market? Absolutely! I have been telling you for
weeks that the Russell and the Wilshire, the broadest
market indicators, were still in rally mode despite
the Dow's lagging performance. We saw the proof again
today. The Russell broke prior resistance at 600 and
traded to a high of 603.16 and a level not seen since
March of 2000. That was only .65 below the March-10th,
2000 closing price of 603.81. This is a new four-year
high and a very strong performance in the face of the
jobs news. The Wilshire traded up to 11370 and a new
post 9/11 high. It closed at 11314 also a post 9/11
closing high. The Wilshire-5000 ended up gaining +141
points for the week despite several external events
like the Greenspan speech.

In fact, all the major indexes were up for the week
except for the transportation index which lost -9
points on the rising price of oil. Considering all
the negative events I think this was a bullish week
mainly due to the new high closes on the Russell and
the Wilshire.

The Dow struggled all week, actually for the last two
weeks and remains locked into a narrow range. The spike
to 10650 today was very short lived although it put up
a valiant attempt to move higher again in the afternoon.
In the end like a swimmer sinking beneath the waves the
Dow slid back below 10600 once again. This is very tough
resistance for the Dow and it has been the price magnet
for two weeks. The Dow did get some good news as the
50dma finally rose to a level where it met the horizontal
support at 10550. The morning dip hit that 50dma for the
first time since November 24th. Now the real decision
process will begin. The Dow MUST hold that 50dma and
based on the recent highs it will continue to rise to
something in the 10600 range. It must hold this average!
This has been support since March 2003 and traders have
come to rely on it. It is not an electric fence and it
can be penetrated. On three of the last four tests it
traded across the average for up to five days before
breaking free and streaking to new highs. It never
traded below it for the entire day. Eventually this avg
will fail. I have been projecting an April failure since
November. We are now at the crossroads for this market.
If the average fails now we could easily see a drop to
the 100dma currently at 10219. We have seen the Dow
trade sideways since Jan-2nd and the time has run out.
It must move higher next week or risk a serious technical
drop.

The Nasdaq closed down for the day due to a sell program
at the close but it was still a bullish day. How can I
say that with a -7 loss? Remember Thursday, the Nasdaq
sprinted ahead of the other indexes in front of the
Intel news and closed at nearly a two week high at 2054.
The index had been trending up since its most recent low
on Feb-24th and had soared to 2064 on the day of the
Greenspan speech before getting killed on the interest
rate worries. Those worries dropped it back to 2020 and
it recovered to trade most of Friday over 2050 resistance
again until the closing sell program. Look at a short term
chart and you will see the bullish uptrend. The closing
program knocked nearly -10 points off the gains but was
not material to overall market sentiment. Much of the
weakness the Nasdaq struggled to overcome was due to
another drop in the SOX prompted by the weak Intel
guidance. Everybody forgot about Intel in the Jobs hoopla.
Hopefully TQNT and TXN on Monday will erase that memory.
The challenge for the Nasdaq is the 50dma, which is at
2060 and above the current price not below it. If you
have seen my Nasdaq chart over the last week you have
seen the triple threat resistance at 2060 and it is not
going away. We traded over it on Friday on the opening
bounce but it quickly reasserted itself. Like the Dow and
the critical 50dma support test the Nasdaq is currently
at a pivotal resistance area. It MUST break this 2060
resistance next week or risk a retest of 2000.

The most positive market event on Friday was the new
highs on the Russell and Wilshire. The Dow is languishing
but it is only 30 stocks. The Wilshire is the top 5000.
If you were going to pick one for the health of the
overall market I would pick the Wilshire. I know the Dow
is the most recognized and most quoted index but it is
not reflecting a correct picture of market strength. The
Russell closed only -2 points from a new closing high.
The Wilshire did close at a new high. These indexes are
only a heartbeat away from breakout mode and represent
a truer picture of the market.

Wilshire-5000 Chart - Weekly


Wilshire 5000 Chart - Daily



The calendar is working in our favor with no material
economic reports next week. There are plenty of reports
but none that are earth shaking. The PPI for February,
previously scheduled for next Friday, has been cancelled
just like the PPI for January. There are no new dates
for either report. The mid quarter update process is
continuing and chip makers TQNT and TXN will give us
their guidance on Monday after the close. There are also
more than a dozen tech conferences next week that will
stimulate tech interest. We are only three weeks away
from quarter end and funds will use the next couple of
weeks to dress up their portfolios for the quarterly
statements. We are only five weeks away from the start
of the Q1 earnings reporting cycle beginning the week
of April-12th. Next week is the week before March option
expiration and should have a bullish bias. This is the
time where any April earnings run should begin. The
keyword was "should". We all know there is no starting
bell and no hard and fast rule that says we will even
have an earnings run. BUT, if it is going to happen it
should start soon.

Despite the apparent neutral finish for the Friday on
the major indexes, Dow +7, Nasdaq -7, the internals were
strongly positive. We had the highest volume of the last
two weeks and advancers beat decliners 4410 to 2882. All
on bad (good) economic news. Were it not for the insane
Martha Stewart activity that took over the NYSE Friday
afternoon we could have seen a stronger finish. Trading
activity in all but MSO came to a total stop once the
verdict news hit the airwaves. Hopefully the broadcasters
will wear themselves out before Monday and we can go on
with business as usual.

I could be all wet about my current market view and it
certainly would not be the first time. Bears keep finding
more excuses to short the market and to their dismay bulls
keep buying the dips. So far the bulls have been winning
with a whopping 813 new highs on Friday as proof. Until
these conditions change I am going to keep buying the
dips and suggest you do the same. Just remember the two
key points for next week. The Nasdaq MUST break 2060 and
hold it and the Dow MUST NOT break the 50dma at 10550 by
any large amount. As long as those conditions are met the
bulls are still in control.

Enter Very Passively, Exit Very Aggressively!

Jim Brown


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

Another tough week
- J. Brown

Wow!  We just finished another eventful week.  While the markets
didn't move much in front of Intel's mid-quarter update on
Thursday and the disappointing non-farm payrolls report on Friday
the Dow and the NASDAQ's minor gains did manage to break a six-
week long losing streak.  Last Monday's rally on a decent ISM
report with an encouraging employment component quickly withered.
Intel's mid-quarter update was disappointing and lead the tech
sector lower on Friday.  Jobs failed to appear for yet another
month with just 21,000 added in February, more than 100,000 short
from most estimates.

Given the events above I'd say investor sentiment should be
tired, frustrated and ready to give up.  Yet that's not the case.
The markets rallied on the jobs report because it guarantees that
the Fed is on hold.  With the current low interest rate
environment and corporations still not hiring that means they're
getting more work done with their current staff, based on the
incredible productivity gains, and that goes straight to their
bottom line to boost earnings.  At least that's the train of
thought and big investors seem more excited to see low interest
rates than job gains.

On top of it all investor psychology might be positively affected
by the string of events for high-profile CEO's.  Earlier this
week Michael Eisner was stripped of his position as Disney
Chairman while maintaining his CEO title in reaction to the
unprecedented vote of no confidence by shareholders.  On Thursday
Bernie Ebbers, the former head of telecom titan WorldCom, was
indicted on fraud charges for his role in one of the world's
largest corporate bankruptcies.  On Friday Martha Stewart, former
head of Martha Stewart Omni Living, was convicted on all counts
of conspiracy, false statements and obstruction of justice which
will probably send her to jail.  To see all of these headlines in
one week could have a positive influence on the collective
investor mindset demonstrating the power of the little guy (with
the Disney vote) and that justice is being served to corporate
management who felt they were above the law.

Meanwhile the economy does seem to be heating up.  Commodities
are soaring even though the Fed continues to suggest that
inflation is not an issue at the moment.  The rising cost of oil
with crude breaking above the $37 a barrel is a major issue that
needs to be addressed or its going to affect both businesses and
consumers.  They're already talking about gasoline prices
potentially hitting $3.00 a gallon this summer.  The XAL airlines
index has been coiling into a tighter and tighter range
suggesting a breakout is on the way and given the rising oil
prices I would gamble that the breakout is likely to be lower if
we don't see a correction in crude prices soon.

Scanning the various sector indices I'm seeing a lot of positive
developments.  The broadest measure of the market, the Wilshire
5000 total market index, just hit a fresh 2 1/2 year high on
Friday.  Plus the Russell 2000 small cap index is attempting to
breakout above resistance in the 600 level and its technicals
look positive.  We also see both the KBW and the S&P banking
indices hitting new all-time highs.  Following the banks are the
broker-dealers, which are ready to mount another attempt to break
through resistance at 750 to hit more all-time highs.

The BTK biotech index has put together a small string of gains to
hit new two-year highs.  While the DRG drug index may have just
produced a short-term bottom.  The drug sector looks like
tempting ground for bullish traders to find candidates that
aren't so overbought.

Naturally the energy sectors are rising with oil so high.  The
OIX oil index has put together a string of four winning weeks.
The UTY utility index is at a new one-year high and the XNG
natural gas index is approaching new three-year highs.

With the economy heating up we see the RLX retail index breaking
out to new all-time highs and rising 7 out of the last 8 weeks.
Wal-Mart's strong performance this year has been a major factor
and the company just announced strong same-store sales above
their usual mantra of 3%-5% growth.

The Homebuilders have been the real standout winners with a huge
surge in the last two weeks to new all-time highs.  Honestly,
while I'm very bullish on the group they look short-term
overbought and due for a pull back.  Be careful chasing stocks in
this sector.

Also noteworthy are the IUX insurance index and the HMO
healthcare index, which are at or near new highs.

Through my research this weekend I viewed several hundred charts
and overall the picture looks pretty encouraging.  Unfortunately,
we've just seen the bullish percent data on the Dow Industrials
turn into a bull correction and the NASDAQ-100 turn into a "bear
confirmed" status.  Be careful.  With the volatility indices this
low we'll never know when the market's going to turn.



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

Market Averages

DJIA ($INDU)

52-week High: 10753
52-week Low :  7416
Current     : 10595

Moving Averages:
(Simple)

 10-dma: 10598
 50-dma: 10551
200-dma:  9719



S&P 500 ($SPX)

52-week High: 1158
52-week Low :  788
Current     : 1156

Moving Averages:
(Simple)

 10-dma: 1148
 50-dma: 1135
200-dma: 1045



Nasdaq-100 ($NDX)

52-week High: 1559
52-week Low :  946
Current     : 1472

Moving Averages:
(Simple)

 10-dma: 1472
 50-dma: 1495
200-dma: 1365


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

Volatility indices (VIX and VXO) traded toward their multi-year
lows early in the session but edged higher by the close.  All
three remain at extremely low levels with no change to the trend
in sight.  It's surprising that given the build up ahead of the
jobs report this morning that there wasn't a stronger reaction
here.

CBOE Market Volatility Index (VIX) = 14.48 +0.08
CBOE Mkt Volatility old VIX  (VXO) = 14.80 +0.09
Nasdaq Volatility Index (VXN)      = 22.08 -0.42

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

          Put/Call Ratio  Call Volume   Put Volume

Total          0.79        696,919       549,202
Equity Only    0.61        556,020       338,207
OEX            1.54         31,537        48,069
QQQ            3.46         22,578        78,185


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

Bullish Percent Data

           Current   Change   Status
NYSE          75.8    + 0     Bull Confirmed
NASDAQ-100    60.0    + 0     Bear Confirmed
Dow Indust.   83.3    - 3     Bull Correction
S&P 500       85.6    + 0     Bull Confirmed
S&P 100       86.0    - 1     Bull Confirmed


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

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


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

 5-dma: 1.05
10-dma: 1.09
21-dma: 1.04
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    1849      1523
Decliners     986      1542

New Highs     309       149
New Lows        6         2

Up Volume   1011M      806M
Down Vol.    652M     1104M

Total Vol.  1678M     2025M
M = millions


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

Commitments Of Traders Report: 03/02/04

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

In spite of a decrease in long positions by Commercial traders
they still remain relatively neutral on the large S&P contracts.
Small traders remain steadfastly bullish.

Commercials   Long      Short      Net     % Of OI
02/10/04      412,217   414,044    (1,827)   (0.2%)
02/17/04      416,148   415,278       870     0.0%
02/24/04      417,490   416,502       988     0.0%
03/02/04      411,932   418,936    (7,004)   (0.1%)

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
02/10/04      143,496    80,362    63,134    28.2%
02/17/04      141,533    84,227    57,306    25.3%
02/24/04      141,559    85,171    56,388    24.9%
03/02/04      148,383    84,135    64,248    27.6%

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 did put some money to use this last week and we
see an increase in long positions but they remain net bearish.
In contrast small traders reduced their longs and upped their
shorts but remain net bullish.

Commercials   Long      Short      Net     % Of OI
02/10/04      297,601   356,630    (59,029)  ( 9.0%)
02/17/04      296,313   371,703    (75,390)  (11.3%)
02/24/04      320,425   387,255    (66,830)  ( 9.4%)
03/02/04      344,805   395,112    (50,307)  ( 6.8%)

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
02/10/04     110,480     58,428    52,052    30.8%
02/17/04     144,014     64,391    79,623    38.2%
02/24/04     129,894     63,524    66,370    34.3%
03/02/04     119,382     67,453    51,929    27.8%

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


NASDAQ-100

Not much change here in Commercial traders' positions.
and the same can be said for the small traders.

Commercials   Long      Short      Net     % of OI
02/10/04       44,406     40,439     3,967    4.7%
02/17/04       46,104     40,385     5,719    6.6%
02/24/04       47,266     40,452     6,814    7.8%
03/02/04       49,959     41,059     8,900    9.8%

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
02/10/04        9,906    13,018    (3,112)  (13.6%)
02/17/04        9,630    12,338    (2,708)  (12.3%)
02/24/04       12,388     7,310     5,078    25.8%
03/02/04       11,605     7,128     4,477    23.9%

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

Commercial traders remain asleep in the Dow futures with
almost zero change and small traders are following suit.

Commercials   Long      Short      Net     % of OI
02/10/04       21,764    11,974    9,790      29.0%
02/17/04       24,451    12,907   11,544      30.9%
02/24/04       27,176    13,918   13,258      32.3%
03/02/04       27,594    14,166   13,428      32.2%

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
02/10/04        6,267    14,220   (7,953)   (38.8%)
02/17/04        6,768    15,623   (8,855)   (39.5%)
02/24/04        6,509    14,919   (8,410)   (39.2%)
03/02/04        6,898    15,874   (8,976)   (39.4%)

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

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


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

Krispy Kreme Doughnuts - KKD - close: 39.70 change: +1.01

WHAT TO WATCH: Is the low-carb craze dying already?  If so it
won't happen soon enough for the likes of KKD.  The stock has
rebounded strongly from its P&F chart support but remains under
resistance at $40.00 and its simple 200-dma.  KKD came close to
breaking out over this level on Friday on decent volume.  We
would watch KKD next week for a pre-earnings move higher before
their March 10th earnings report.




---

Ryder Systems - R - close: 37.87 change: +0.28

WHAT TO WATCH: Business must be pretty good in the rental
industry.  Shares of R are trading near levels not seen since
April of 1998.  We like the bullish reversal in its MACD
indicator and traders can use a trigger above $38.00 to launch a
play.  Watch out for resistance at its all-time highs near
$40.00.




---

Ball Corp - BLL - close: 66.15 change: +1.07

WHAT TO WATCH: The consolidation in shares of BLL appear to be
coming to an end.  BLL spent five weeks trading in a tight range
under the $65.00-65.50 level and Friday the stock broke out to
new highs.  Boosting shares was a credit upgrade from S&P who
raised their outlook to stable.  While we're bullish about BLL's
daily chart its weekly chart makes us concerned.  BLL has a
trendline of resistance and Friday's jump makes it the fourth
touch of this trendline.  Use a tight stop should you decide to
open bullish positions.




---

Agilent Technologies - A - close: 34.81 change: +0.86

WHAT TO WATCH: Agilent's recent pull back found support at its
rising simple 50-dma and now buyers are starting to challenge
resistance at its $35.00 level.  Traders could use a trigger over
$35.00 to leg them into the play with a quick short-term target
near its highs at $37.50-38.00.





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DISCLAIMER
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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

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

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

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

Copyright (c) 2001-2004  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter         Weekend Edition 03-07-2004
                                                   section 2 of 3
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 two:

Tech Stocks
  New Bullish Plays:     TRMB
  Bearish Play Updates:  CSCO, NVLS, VRTS, TSS
  Closed Bearish Plays:  UTEK

Active Trader (Non-tech)
  Bullish Play Updates:  HAL, TYC, XMSR, SPF
  Closed Bullish Plays:  LIN


High Risk/Reward
  Bullish Play Updates:  MXO
  Bearish Play Updates:  NETE


Stock Splits
  Announcements:         None


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

=========
NEW PLAYS
=========

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

Trimble Navigation - TRMB - cls: 23.44 chg: +0.09 stop: 21.75

Company Description:
Trimble is a leading innovator of Global Positioning System (GPS)
technology. In addition to providing advanced GPS components,
Trimble augments GPS with other positioning technologies as well
as wireless communications and software to create complete
customer solutions. Trimble's worldwide presence and unique
capabilities position the Company for growth in the emerging
applications including surveying, automobile navigation, machine
guidance, asset tracking, wireless platforms and
telecommunications infrastructure. Founded in 1978 and
headquartered in Sunnyvale, Calif., Trimble has more than 2,000
employees in more than 20 countries worldwide.
(source: company press release)

Why We Like It:
We've always been interested in following the ups and downs in
TRMB due to its position as a leader in developing and marketing
GPS systems for the average consumer - an industry expected to
explode over the next several years.  We now feel that the recent
pull back appears to be over and this may be an entry point for
investors to buy the dip before the next leg higher.

Its MACD indicator has moved from oversold back into a buy signal
and its shorter-term RSI and stochastics oscillators are both
pointing higher.  TRMB did split 3-for-2 on Friday and sometimes
a stock might see some post-split depression but since the stock
didn't have a big pre-split run up we suspect it won't be a
factor. It's probably not a coincidence that TRMB's recent
decline stopped near its 50% retracement of the October to
January rally.  There is some overhead resistance near $25.00 and
its 50-dma but we're betting bulls will be able to power through
it.  We'll initiate the play with a stop at $21.75.

Annotated Chart:



Picked on March 07 at $23.44
Gain since picked:    + 0.00
Earnings Date       04/27/04 (unconfirmed)
Average Daily Volume:    375 thousand




============
PLAY UPDATES
============


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

Cisco Systems - CSCO - close: 22.89 change: -0.30 stop: 24.00

While unable to make much downside progress, CSCO is definitely
delivering a trend of price weakness, as it continues to post
lower highs.  The problem comes in from the rebound over the past
couple days, as the Networking stock found support at a higher
low.  This gives us the beginnings of a consolidation wedge and
the break from that pattern will likely define the next
directional move for CSCO.  To remain bearish, the stock will
need to remain below its short-term falling trendline, which is
currently right on top of the 100-dma ($23.70).  Confirmation
will come on a break to new lows, with price falling under the
$22.20 low set on 2/24.  Remember, our target at the 200-dma
($21.20) continues to inch higher, so breakdown entries now have
limited profit potential.  Failed rebounds below trendline
resistance still look favorable though, with risk easy to control
with our $24.00 stop.

Picked on February 22nd at  $23.19
Change since picked          -0.30
Earnings Date              5/11/04 (confirmed)
Average Daily Volume =    51.7 mln




---

Novellus Systems - NVLS - close: 31.16 change: -0.55 stop: 34.00

The bulls tried to pull a rabbit out of the hat on Thursday, with
the sector giving a feeble rebound ahead of the INTC mid-quarter
update.  But with the company failing to impress, the
Semiconductor index (SOX.X) fell back towards its $500 support
level on Friday, earning it the dubious honor as the worst
performing sector with a 0.87% loss.  NVLS didn't manage much of
a bounce on Thursday and gave it all back on Friday, ending just
above the $31 level and primed for a continuation of Wednesday's
breakdown.  Failed bounces below the 20-dma ($32.82) still look
like the best entry setup, but there's nothing wrong with taking
the momentum entry below $31, especially if it comes on continued
SOX weakness.  While there could be some mild support found near
$31, it is more likely that NVLS won't find any solid support
until reaching the $28 support that was built up over a period of
months leading up to the breakout last spring.  Maintain stops at
$34, which is now above the 30-dma ($33.39).

Picked on March 3rd at      $31.15
Change since picked          +0.01
Earnings Date              1/26/04 (confirmed)
Average Daily Volume =    6.48 mln




---

Veritas Software -VRTS - close: 30.66 change: -0.76 stop: 32.50

Well, that didn't last long!  Bulls lured into buying the stock
on Merrill Lynch's upgrade on Thursday quickly lost their
conviction on Friday, giving us a very nice entry point.  Our
trigger was satisfied on Wednesday, with the intraday drop under
$30 and Friday's failed bounce under the 20-dma ($31.97)
certainly looks like a convincing reversal, especially with price
ending at the low of the day.  Any successive rebound rejection
under the 20-dma looks good for re-entry, while momentum traders
will need to see a break back under Wednesday's low ($29.43)
before playing.  Technology remains the weak link in this market
and if the NASDAQ continues to fail in its attempts to bet back
over the 50-dma, we can look for VRTS to feel that bearish
pressure and break lower towards initial support near $27.
Maintain stops at $32.50.

Picked on February 29th at  $30.55
Change since picked          +0.11
Earnings Date              1/28/04 (confirmed)
Average Daily Volume =    5.91 mln




---

Total System Srvs - TSS - cls: 21.31 chg: -0.05 stop: 21.75*new*

We haven't made much progress in our TSS short but neither have
the bulls.  The stock continues to consolidate sideways in a
tight range.  Fortunately, its consolidation is giving us a
chance to lower our stop loss to breakeven at 21.75.  We're
getting mixed messages from its MACD indicator versus its RSI and
stochastics so we're banking on its P&F chart, which continues to
point lower.  Actually, its bearish price target has dropped to
$10.00.  More aggressive traders can still consider failed
rallies under $22.00 as entry points but it may be easier to wait
for a move back under the $20.80 mark.  If TSS doesn't excite
you, don't force the play and look elsewhere.

Annotated Chart:




Picked on February 20 at $21.75
Gain since picked:       - 0.44
Earnings Date          01/13/04 (confirmed)
Average Daily Volume:       323 thousand




============
CLOSED PLAYS
============


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

Ultratech - UTEK - close: 24.95 change: -0.24 stop: 26.01

The consolidation in shares of UTEK continues to narrow but we're
growing more and more uncomfortable with the potential bullish
reversal on its weekly chart.  More aggressive traders can choose
to keep the play open but be careful.  Its MACD indicator is also
looking pretty bullish.

Picked on February 22 at $25.09
Gain since picked:       - 0.14
Earnings Date          02/04/04 (confirmed)
Average Daily Volume:       416 thousand




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


============
PLAY UPDATES
============

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

Halliburton Hldg. - HAL - close: 31.51 change: -0.06 stop: 30.00

Holding right at support near $31.50 for the past 3 days, HAL
looks to be undergoing a very healthy consolidation before
continuing its march to new recent highs.  The bottom of the
rising channel ($31.50) is providing initial support, reinforced
by the 20-dma ($31.25).  Use the current weakness as an
opportunity to enter the play in anticipation of a continued
rally and breakout towards the top of the channel, now at $34.
Fortunately, HAL has been moving in a very methodical manner the
past few months, and that gives us the ability to set a tight
stop at $30, just under the last reaction low.  This stock will
work better with entries on the pullbacks, rather than momentum
entries due to this methodical price action, so that will remain
our recommended entry strategy.

Picked on March 3rd at      $31.50
Change since picked          +0.01
Earnings Date              1/29/04 (confirmed)
Average Daily Volume =    3.90 mln



---

Tyco International - TYC - close: 29.96 change: -0.10 stop: 27.25

There's certainly nothing not to like about our TYC play, as the
rebound from the center of the rising channel led price up to
test the top of the channel near $30 late last week.  The fact
that price stalled at the top of that channel is no great
surprise either, as that has been the pattern for close to a year
now.  Chasing TYC higher with momentum entries may work, but it
requires sitting through more patience, to sit through the next
consolidation before the stock moves in our favor.  Due to the
slow and deliberate bullish price action, we favor buying the
dips in TYC when offered.  That means our next shot at a viable
entry would be a pullback to the center of the rising channel
near $28, supported by the 50-dma ($27.90).  Our stop at $27.25
still makes sense, as it is just under the 2/24 intraday low.
But traders unwilling to take that much risk can certainly use a
tighter stop at $27.75, just under the 50-dma.  TYC won't get
there quickly, but we still see the stock making a longer-term
move towards the $31-32 area, as permitted by the top of the
rising channel.

Picked on February 29th at  $28.57
Change since picked          +1.39
Earnings Date              2/03/04 (confirmed)
Average Daily Volume =    9.09 mln




---

XM Sat. Radio - XMSR - cls: 26.16 chng: +0.21 stop: 24.50*new*

After the initial breakout over $24, XMSR needed to do a bit of
consolidation before continuing its rally.  The ability to hold
over the 50-dma ($24.76) was key and price action looked pretty
bullish on Friday, with its breakout over the $26 level, which
held right into the closing bell.  Our target for the play was
only to the $27-28 area, so clearly we're getting close to that
objective.  This close to our goal, new entries on further
strength do not make sense unless we expect XMSR to make a run to
test its January highs near $30.  Should we get an intraday dip
back near the 10-dma ($25.00), that can be used for continuation
entries, but right now it looks like we're entered the phase of
this play where we're just looking to manage for maximum gains.
With that in mind, let's raise our stop to $24.50, just under the
50-dma and last Monday's intraday low.

Picked on February 25th at  $23.95
Change since picked          +2.21
Earnings Date              2/12/04 (confirmed)
Average Daily Volume =    6.80 mln




---

Standard Pacific - SPF - cls: 57.71 chg: +1.13 stop: 54.00*new*

Homebuilders have been soaring and leading the pack is SPF.  The
breakout in the DJUSHB home construction index to new highs has been a
big supporting boost but SPF has exceeded the index's gains.  On
Wednesday this last week SPF announced that new home orders for January
and February were up 31% over last year to 1,890 over 1446 and their
cancellation rate had dropped 3% to 15%.  This last Friday's non-farm
payrolls report was also a big boost.  The lack of jobs will keep the
Fed on hold for what many believe will be the rest of the year.  With
no immediate threat of a rate hike the bond market soared and yields
dropped, which pushed mortgage rates toward their 2003 lows.  Given the
upcoming spring-summer home buying season investors are looking forward
to a big year for homebuilders like SPF.  Volume has been pretty strong
on the rallies and SPF is already up more than $5.00 from our entry
price.  Short-term traders may want to consider taking some profits
now.  In the mean time we're going to raise our stop loss to $54.00.
We're going to set our official EXIT price at $59.50.  Given the
stock's short-term overbought condition we really don't suggest new
positions unless SPF offers a dip back toward the $55 level.

Annotated Chart:



Picked on February 29 at $52.31
Gain since picked:       + 5.40
Earnings Date          02/04/04 (confirmed)
Average Daily Volume:       468 thousand




============
CLOSED PLAYS
============


  --------------------
  Closed Bullish Plays
  --------------------

Linen N Things - LIN - close: 36.19 chg: +0.25 stop: 35.45

The retailers continue to soar boosted by a breakout to new highs
in the RLX retail index and a strong performance by Wal-Mart.  Of
course LIN is doing just fine on its own with a steady string of
wins that has sent the stock to new one-year highs.  Mid-week we
raised the stop loss to $35.45 to protect our gains and set an
official exit price of $36.25.  Shares of LIN surpassed our goal
and hit $36.40 on Friday while maintaining very short-term
support at $36.00.  We're going to close the play at our planned
exit and keep our eyes open for a pullback to consider new
positions.

Picked on February 08 at $31.64
Gain since picked:       + 4.55
Earnings Date          02/04/04 (confirmed)
Average Daily Volume:       557 thousand





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


============
PLAY UPDATES
============

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

Maxtor Corp. - MXO - close: 10.21 change: -0.07 stop: 9.40

After getting off to an encouraging start, our MXO play seems to
have lost its way over the past few days.  The dual resistance
provided by the 200-dma ($10.47) and 50-dma ($10.43) was just too
much for the bulls, especially with the NASDAQ continuing to
struggle with its own resistance at the 50-dma.  On the plus
side, MXO is holding above support (former resistance) at $10.00
and this has the look of consolidation before staging the
expected breakout move over the 50/200-dmas.  So taking advantage
of the current consolidation looks like a prudent move, so long
as price remains above the 20-dma ($9.86).  Last week's trend of
falling volume supports the thesis of this just being normal
consolidation prior to a resumption of the nascent bullish trend.
Aggressive traders can consider entries on solid breakout over
last week's $10.68 high, but our preference is for pullback
entries. Maintain stops at $9.40.

Picked on February 25th at   $9.98
Change since picked          +0.23
Earnings Date              1/21/04 (confirmed)
Average Daily Volume =    4.20 mln





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

Netegrity, Inc. - NETE - cls: 8.84 chng: +0.05 stop: 9.40*new*

It hasn't delivered the major breakdown we've been expecting, but
NETE is still adhering to its bearish trend of the past several
weeks.  Each rally attempt is turned back from lower highs, the
most recent one being rejected near the 20-dma ($9.21) early last
week and leading price back under the key $9.00 level.  The
concern raised by last week's price action though is that NETE
may have put in a higher low.  The prior low of $8.27 and last
Friday's low of $8.51 could be suggesting the stock is trying to
form a near-term bottom.  Of course, the other way of looking at
it, is that this could just be a repeat of the price pattern seen
in early February, as the stock put in a higher low and then
proceeded to break down to new recent lows.  For now, we'll stick
with the bearish thesis until it fails to work, and that means
entries on rejections at the 20-dma.  Momentum entries can even
be considered on a break under the $8.25 level, as that break
should lead the stock down towards next support near $7.00.
Lower stops to $9.40, just over last Tuesday's intraday high.

Picked on February 4th at    $9.16
Change since picked          -0.32
Earnings Date              1/26/04 (confirmed)
Average Daily Volume =       742 K





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


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

None


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

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

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

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

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

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

Copyright (c) 2001-2004  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter          Weekend Edition 03-07-2004
                                                    section 3 of 3
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 three:

Market Watch for Week of March 7, 2004
   - 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  7th
==========================================

-----------------
Earnings Calendar
-----------------

Symbol  Co               Date           Comment      EPS Est

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

CMGI   CMGI                  Mon, Mar 08  After the Bell       N/A
KIND   Kindred Healthcare IncMon, Mar 08  After the Bell       N/A
LYG    Lloyds TSB Group      Mon, Mar 08  Before the Bell      N/A
LQU    Quilmes Industrial    Mon, Mar 08  After the Bell      0.62
SSL    Sasol Ltd ADR         Mon, Mar 08  Before the Bell      N/A
SGY    Stone Energy          Mon, Mar 08  After the Bell      0.93
VE     Veolia Environnement  Mon, Mar 08  -----N/A-----        N/A


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

ABS    Albertson's           Tue, Mar 09  Before the Bell     0.20
ANN    AnnTaylor Stores      Tue, Mar 09  After the Bell      0.65
CHC    CharterMac            Tue, Mar 09  Before the Bell     0.45
HUG    Hughes Supply         Tue, Mar 09  After the Bell      0.33
TEO    Telecom Argentina     Tue, Mar 09  After the Bell       N/A
IPG    Interpublic Grp Co    Tue, Mar 09  Before the Bell     0.12
KR     The Kroger Co.        Tue, Mar 09  Before the Bell     0.22


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

CMS    CMS Energy Corp.      Wed, Mar 10  Before the Bell     0.24
CMVT   Comverse Technology   Wed, Mar 10  After the Bell      0.01
DT     Deutsche Telekom      Wed, Mar 10  Before the Bell      N/A
EON    E.ON AG               Wed, Mar 10  Before the Bell      N/A
IDCC   InterDigital Comm CorpWed, Mar 10  Before the Bell     0.07
KKD    Krispy Kreme Doughnut Wed, Mar 10  Before the Bell     0.26
MATK   Martek Biosci Corp    Wed, Mar 10  After the Bell      0.12
MIM    MI DEVS INC           Wed, Mar 10  Before the Bell      N/A
ZQK    Quiksilver            Wed, Mar 10  After the Bell      0.15
TLB    Talbots               Wed, Mar 10  -----N/A-----       0.40
TECD   Tech Data Corporation Wed, Mar 10  -----N/A-----       0.54


------------------------- THUSDAY -----------------------------

TRMD   A/S Dmpskbsslskbt TormThu, Mar 11  -----N/A-----       0.90
ARO    Aeropostale, Inc.     Thu, Mar 11  After the Bell      0.69
AIZ    Assurant, Inc.        Thu, Mar 11  Before the Bell      N/A
BGP    Borders Group Inc.    Thu, Mar 11  After the Bell      1.51
CLE    Claire's Stores, Inc. Thu, Mar 11  06:00 am ET         0.57
CM     Coles Myer            Thu, Mar 11  -----N/A-----        N/A
CNO    CONSECO INC           Thu, Mar 11  Before the Bell     0.50
DEG    Delhaize Group        Thu, Mar 11  -----N/A-----        N/A
DKS    Dick's Sporting Goods Thu, Mar 11  Before the Bell     0.99
DISH   EchoStar Comm Corp.   Thu, Mar 11  Before the Bell     0.10
EP     El Paso Corp.         Thu, Mar 11  Before the Bell    -0.05
FCEa   Forest City Ent Inc.  Thu, Mar 11  -----N/A-----        N/A
FRED   Fred's                Thu, Mar 11  Before the Bell     0.34
NSM    National SemiconductorThu, Mar 11  -----N/A-----       0.41
ORCL   Oracle                Thu, Mar 11  After the Bell      0.12
PETC   PETCO ANIMAL SUPPLIES Thu, Mar 11  After the Bell      0.44
SHPGY  Shire Pharm Group     Thu, Mar 11  07:00 am ET         0.49
URBN   Urban Outfitters      Thu, Mar 11  11:00 am ET         0.42


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

ABER   Aber Diamond Corp     Fri, Mar 12  -----N/A-----       0.24
AEG    AEGON N.V.            Fri, Mar 12  -----N/A-----        N/A
VNO    Vornado Realty Trust  Fri, Mar 12  -----N/A-----       1.08


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

Symbol  Co Name              Ratio    Payable     Executable

CLFC    Center Financial Corp     2:1      Mar   5th   Mar   8th
WGO     Winnebago                 2:1      Mar   5th   Mar   8th
SSNC    SS&C Technologies, Inc    3:2      Mar   5th   Mar   8th
VAPH    Vaso Active Pharma, Inc   3:1      Mar   5th   Mar   8th
PII     Polaris Industries Inc    2:1      Mar   8th   Mar   9th
LWAY    Lifeway Foods, Inc        2:1      Mar   8th   Mar   9th
MPX     Marine Products Corp      3:2      Mar  10th   Mar  11th
FIC     Fair Isaac Corp           3:2      Mar  10th   Mar  11th
EXC     Exelon Corp               2:1      Mar  10th   Mar  11th
HWFG    Harrington West Finl Grp  6:5      Mar  11th   Mar  12th
CTX     Centex Corporation        2:1      Mar  12th   Mar  15th
BRL     Barr Pharmaceuticals      3:2      Mar  15th   Mar  16th
ATVI    Activision, Inc           3:2      Mar  15th   Mar  16th
CEC     CEC Entertainment Inc     3:2      Mar  15th   Mar  16th
CLZR    Candela Corp              2:1      Mar  16th   Mar  17th
DCOM    Dime                      3:2      Mar  16th   Mar  17th
GWR     Genesee & Wyoming Inc     3:2      Mar  18th   Mar  19th
XTO     XTO Energy Inc            5:4      Mar  18th   Mar  19th
HBHC    Hancock                   2:1      Mar  18th   Mar  19th
DCI     Donaldson Company, Inc    2:1      Mar  19th   Mar  22nd


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

The economic reports are weighted toward the end of the week
with the biggest economic news coming from the Import/Export
numbers, Retail sales, PPI and the preliminary
Michigan Sentiment numbers all this week.


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

----------------
Monday, 03/08/04
----------------
TQNT & TXN mid-quarter updates
Kansas City Fed Manufacturing Index


-----------------
Tuesday, 03/09/04
-----------------
Chain Store Sales
Redbook Retail Sales
Richmond Fed Manufacturing Index


-------------------
Wednesday, 03/10/04
-------------------
Trade Balance (BB)         Jan  Forecast: -$41.6B  Previous:  -$42.5B
Wholesale Inventories (DM) Jan  Forecast:    0.4%  Previous:     0.5%
Crude Oil & Gasoline Inventory numbers

------------------
Thursday, 03/11/04
------------------
Initial Claims (BB)      03/06  Forecast:     N/A  Previous:     345K
Export Prices ex-ag. (BB)  Feb  Forecast:     N/A  Previous:     0.6%
Import Prices ex-oil (BB)  Feb  Forecast:     N/A  Previous:     0.7%
Retail Sales (BB)          Feb  Forecast:    0.5%  Previous:    -0.3%
Retail Sales ex-auto (BB)  Feb  Forecast:    0.5%  Previous:     0.9%
Treasury Budget (DM)       Feb  Forecast:-$100.0B  Previous:  -$96.7B
Greenspan speaks on Education in Washington DC
Natural Gas Inventories
Money Supply numbers

----------------
Friday, 03/12/04
----------------
Business Inventories (BB)  Jan  Forecast:    0.3%  Previous:     0.3%
Current Account (BB)        Q4  Forecast: $136.2B  Previous: -$135.0B
PPI (BB)                   Feb  Forecast:     N/A  Previous:      N/A
Core PPI (BB)              Feb  Forecast:     N/A  Previous:      N/A
Mich Sentiment-Prel. (DM)  Mar  Forecast:    95.2  Previous:     94.4
Greenspan speaks at Boston College


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

ONE     Bank One Corp              56.49    +0.69
MWD     Morgan Stanley             62.22    +0.33
MER     Merrill Lynch & Co         64.25    +0.02
MRK     Merck & Co                 48.10    +0.32
GS      Goldman Sachs Group Inc   109.05    +0.53


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

LGND    Ligand Pharmaceuticals B   19.49    +0.17
LAB     Labranche & Co Inc         12.00    -0.10

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

DB      Deutsche Bank Ag           93.50    +0.25
CSR     Credit Suisse Group        38.76    +0.52
ACL     Alcon Inc                  64.98    +0.55
MBT     Mobile Telesys OJSC (ADS) 113.26    -1.14
EDS     Electronic Data Systems    19.91    -0.49


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

NOC     Northrop Grumman Corp      97.83    +0.13
ROST    Ross Stores Inc            29.83    +0.09
KMX     Carmax Inc                 33.78    +0.78
NTLI    NTL Inc                    64.08    -1.67
TBL     Timberland Co              60.95    +0.15

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

ECA     Encana Corporation         42.99    +0.90
PEG     Public Service Entprs Gr   46.56    +0.21
UCL     Unocal Corp                38.67    +0.70
RJR     RJ Reynolds Toccaco Hldg   61.08    -0.50


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