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Daily Newsletter, Thursday, 04/01/2004

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PremierInvestor.net Newsletter                 Thursday 04-01-2004
                                                    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:      April Fools
Market Sentiment: Too Optimistic
Watch List:       PAAS, MET, AFL, BG


=================================================================
MARKET WRAP  (view in courier font for table alignment)
=================================================================
      04-01-2004           High     Low     Volume   Adv/Dcl
DJIA    10373.33 + 15.60 10419.04 10342.59 1.91 bln 2132/1097
NASDAQ   2015.01 + 20.80  2019.09  1996.45 1.82 bln 1980/1148
S&P 100   553.64 +  2.51   555.87   551.12   Totals 4112/2245
S&P 500  1132.17 +  5.96  1135.67  1126.20
W5000   11107.42 + 68.00 11132.06 11039.42
SOX       495.32 +  8.20   498.78   487.12
RUS 2000  595.32 +  5.01   596.15   590.31
DJ TRANS 2918.66 + 23.20  2918.79  2896.76
VIX        16.65 -  0.09    17.25    16.65
VXO (VIX-O)17.15 +  0.42    17.44    17.01
VXN        23.41 -  0.35    24.02    23.32
Total Volume 4,056M
Total UpVol  2,907M
Total DnVol  1,080M
Total Adv  4644
Total Dcl  2576
52wk Highs  563
52wk Lows    28
NasTRIN    0.61
TRIN       0.89
PUT/CALL   0.61
=================================================================

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

April Fools
by Jim Brown

AT&T, EK and IP were kicked out of the Dow. Google is seeking
employees to work in an oxygen depleted environment. The
administration is ready to reinstate cheap generic gasoline
and Martha Stewart wants a retrial because a juror may have
hit his girlfriend several years ago. Which of these events
is not true?

Dow Chart - Daily


Nasdaq Chart - Daily



Actually they are all true to some extent. Google did post
an advertisement asking for candidates to work at its lunar
hosting facility. "This unique opportunity is available only
to highly-qualified individuals who are willing to relocate
for an extended period of time, are in top physical condition
and are capable of surviving with limited access to such
modern conveniences as soy low-fat lattes, The Sopranos and
a steady supply of oxygen."
http://www.google.com/jobs/lunar_job.html

While that may have been the highest profile April Fools
joke there were several other news events that could have
qualified. Google actually may be regretting its joke
because it prompted the announcement of its Gmail.com
email service to be seen as an April Fools joke as well.
The company was quick to respond that it really was going
to offer a web based email service to compete with Yahoo
and Hotmail. The service will be free and provide 1000MB
of storage per user. Rumor has it that the Google IPO
could be as early as the end of April. A little marketing
buzz in advance sure did not hurt.

The Dow managers did announce today that AT&T, IP and EK
were being replaced by PFE, AIG and VZ. AT&T has been in
the Dow since 1939 and was also in it for 12 years prior
to 1928. EK has been in the Dow since 1930 and IP since
1956. These companies are being replaced as no longer
reflective of the broader business environment and not
representative of corporate America. AT&T has been cutting
off limbs for years and is only a fraction of its former
self. Ironically SBC was added to the Dow in 1999 and it
was one of the pieces previously split off from AT&T.

Eastman Kodak has also shrunk to a much smaller part of
the economy with the traditional film market being taken
over by overseas companies. Kodak was slow to jump on
the digital camera revolution and while they may be on
a revitalization program they are no longer a true Dow
company according to the managers. International Paper
was dropped according to the managers due to materials
companies no longer being representative of a broad
portion of the US economy. This emphasizes the emergence
of high tech and services sectors as more important to
overall GDP.

Pfizer is the second largest market cap company behind
GE and is a natural inclusion into the Dow today. The
financial sector will gain additional representation from
AIG. The change will take place before the open on April
8th. It will not have any immediate impact on the Dow's
level as the index will be rebalanced after the close on
Wednesday based on the closing prices of each component.
This is done by re-weighting the individual components
based on the closing price to equal the index price at
Wednesday's close. The Dow is price weighted and as of
today's close the price of the three stocks being voted
off the island was $86.66 and the three new stocks were
worth $145.86.

Oil prices dropped substantially to close at $34.27 after
the administration said it was considering exempting some
states from the stringent emission standards to allow the
cheaper and more easily produced gasoline to be used. The
unleaded gasoline futures dropped -5% on the news and oil
prices broke below recent support. Hold the applause, you
would probably not see any impact to pump prices for at
least a month.

Oil Chart - Daily



Rounding out the April Fool questions Martha Stewart does
want a retrial based on supposed errors in omission from
a juror. Stewart's attorneys claim juror Chappell Hartridge,
47, lied on his paperwork by omitting the fact he had been
arrested for hitting his girlfriend in 1997. They claim
that a violent act against a woman evidences extreme
misogynistic tendencies and made him unfit to sit on a
jury with a woman defendant. Hartridge did not mention it
because the complaint was dropped and charges were never
filed. Grabbing at straws Martha?

Moving back into the more mundane events the Jobless Claims
fell -3000 from last weeks number but that number was
revised up +6000. Net result was number +3000 higher than
the number announced last week. This constant backward
revision process is a major pain in the accounting process.
We just need to have them add the "found" claims to the
current number instead of the prior week. It is an economic
shell game where they can rearrange the numbers for weeks
at a time to impact the outcome. Just report them as they
find them and be done with it.

Construction spending fell -0.1% and posted the second
monthly drop. The prior month was revised down from -0.3%
to -0.8%. This report was ignored because of the historical
nature, February, and the abundance of more important data.

The much delayed PPI number showed a rise of +0.1% and
well under consensus estimates of +0.5%. Estimates were
higher due to a larger expected impact of higher energy
prices. There was some evidence of inflation with core
intermediate goods rising +0.9% and core crude goods rising
+5.5%. These are very strong jumps and were predicated on
the constant rise in commodity prices up +3.5% for durable
goods and +12.4% for steel.

The ISM Index for March rose to 62.5 and well over consensus
estimates of 60.5. This was a strong report and relieved
some of the fears that the economy had peaked in January.
The internals showed minor improvements but still upward
motion in the critical components. Only New Orders,
Inventories and Imports declined slightly. Unfortunately
the component with the biggest jump was the Prices Paid
which jumped from 81.5 to 86.0. This suggests inflation
is creeping into the system. The backlog of orders rose
to its highest level since the recovery began at 63.5.
The current string of five months with the headline number
over 60 is the longest string of strong monthly expansion
since an eight month string in 1983.

ISM Index Component Table



The Risk of Recession report rose to 9.4% chance of a new
recession and this has been steadily climbing since the
low of 3.4% in November. Components impacting this number
are the stock market, consumer confidence, jobless claims
and average work week. At 9.4% this is still not a problem
but bears watching over the next couple months.

After the close today Gateway announced it was closing
all of its retail stores and 2500 employees would be laid
off from the move. Gateway said it was continuing to lose
money from the retail side after the eight year effort.
They are continuing to seek other methods to market their
products but for now they are depending on phone and web
orders. Gateway rose in after hours trading after the
announcement.

Airlines gained a little ground after the drop in oil
prices but still remain under pressure. Every $1 price
in the cost of oil translates to a $500 million loss to
the airlines on an annual basis. Considering they will
lose $2.1 billion as a group in 2004 they still need a
lot of help. The odds are good today's drop in oil is
only temporary.

The first quarter ended on Wednesday and it was the first
losing quarter by the Dow in a year and the first by the
Nasdaq in six quarters. The indexes resolved to not let
it happen again and stormed out of the gates this morning
with strong gains. The Dow rallied to 10419 and the Nasdaq
to 2019 before sellers appeared. The rest of the day was a
low volume battle as traders positioned themselves in front
of the jobs report due out on Friday. The indexes did jump
at the close on either short covering or positioning and
the Nasdaq is now positive for the year at 2013. Just a
day to late for the calendar historians.

The gains for today where muted despite closing at new
two week highs. The bets have been placed and everyone is
waiting for the only economic report due out tomorrow. The
Jobs report is still drawing high profile estimates from
analysts but the official consensus is still 100,000. The
official whisper number (a contradiction of terms?) is now
125,000 but reality may be much different. There is a way
for institutions to purchase options on the expectations
for the report. This allows them to place bets or hedges
on the announcement. The highest volume of options today
were in the 50K-75K range which indicate the real consensus
is a lot lower than the 125K to 250K being tossed about in
the media.

Jobs Table - Last Nine Months



Unless the number is well over 100K it is likely to be seen
as less than exciting. However, with the better than expected
ISM today and the coming earnings cycle there is an outside
chance that a consensus number may actually be met with
buyers. While I think the expectations are already priced
in the bullishness in today's market could be pointing to
an April earnings run. The jobs number may be seen as a
green light if it is just not as bad as some fear. Obviously
everybody has an opinion about tomorrow's outcome and when
the bad news bulls are in control the answer may not matter.

From a technical standpoint we are very extended from last
weeks lows and we are facing a weekend ahead. The odds for
some profit taking before the close are very good. If we
do move higher the Dow has resistance at 10450 and the
Nasdaq at 2050. Both of those levels could be reached on
Friday with any decent jobs news but odds are good they
will not hold into the close without a blowout. Remember
a very strong jobs number dramatically increases the chance
for a Fed rate hike sooner rather than later. Keep those
stops tight on any bounce and look for another potential
buying opportunity next week.

Enter Passively, Exit Aggressively.

Jim Brown
Editor


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

Too Optimistic
- J. Brown

The markets were a lot more bullish than they may have appeared
on Thursday.  Oh sure the Industrials, the NASDAQ and the S&P 500
were all positive but the internals were stronger than you might
have expected.  Advancing issues outpaced decliners 2-to-1 on the
NYSE and 19-to-11 on the NASDAQ.  Up volume was very strong at
more than twice the down volume on the NYSE and nearly three
times down volume on the NASDAQ.  Only five out of the 25 sector
indices that we follow were red today and only the oil service
stocks really felt any selling.  This is not what you'd expect
from a market that's supposed to be worried about tomorrow's non-
farm payrolls number.

Therein lies the problem.  The markets don't appear to be too
worried.  Yes, we've churned mostly sideways the last three days
and the Chicago PMI's employment component unsettled many
investors.  But that was all forgotten when the ISM employment
number turned out so well this morning.  Suddenly instead of
hoping that we just meet the government's estimates of 125,000
new jobs we're hearing rumors that the whisper number on Wall
Street is 200K or more.  That smells like a big set up for a
disappointment, especially since the jobs report has disappointed
us four times in a row.  Don't get me wrong.  I'd love to hear a
strong jobs number.  Then we could focus on what should be a very
bullish earnings season.  The challenge here is that when
everyone's leaning one way the market tends to come up with a
surprise.

All three of the major indices have rallied toward overhead
resistance at the 50-dma's, although the Industrials are a bit
farther away than the NASDAQ and S&P 500.  If the jobs number is
good we're set up for a big blow out.  If not it's the perfect
place to short with resistance directly overhead.  It's not that
often that you see the VXO and the markets moving the same
direction.  It happened today because traders were buying more
puts to protect themselves from a negative surprise.

I'd say investors are optimistic but the smart ones are expecting
a disappointment.  Trade carefully!


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

Market Averages

DJIA ($INDU)

52-week High: 10753
52-week Low :  7979
Current     : 10373

Moving Averages:
(Simple)

 10-dma: 10233
 50-dma: 10464
200-dma:  9843



S&P 500 ($SPX)

52-week High: 1163
52-week Low :  847
Current     : 1132

Moving Averages:
(Simple)

 10-dma: 1111
 50-dma: 1133
200-dma: 1059



Nasdaq-100 ($NDX)

52-week High: 1559
52-week Low : 1018
Current     : 1453

Moving Averages:
(Simple)

 10-dma: 1415
 50-dma: 1463
200-dma: 1386


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

It's not often that we see both the markets and the volatility
indices moving the same direction.  Well, at least the VXO was
higher today and probably due to traders buying puts to protect
themselves from any unpleasant reactions if the jobs number
disappoints.

CBOE Market Volatility Index (VIX) = 16.65 -0.09
CBOE Mkt Volatility old VIX  (VXO) = 17.15 +0.42
Nasdaq Volatility Index (VXN)      = 23.41 -0.35

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

          Put/Call Ratio  Call Volume   Put Volume

Total          0.61        862,321       524,115
Equity Only    0.47        676,577       317,796
OEX            1.22         26,575        32,342
QQQ            2.12         33,229        70,430


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

Bullish Percent Data

           Current   Change   Status
NYSE          71.6    + 1     Bull Correction
NASDAQ-100    44.0    + 5     Bear Correction
Dow Indust.   83.3    + 3     Bear Confirmed
S&P 500       74.8    + 1     Bear Confirmed
S&P 100       78.0    + 1     Bull Correction


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: 0.81
10-dma: 1.23
21-dma: 1.41
55-dma: 1.16


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    1877      1941
Decliners     954      1129

New Highs     231       151
New Lows        8         7

Up Volume   1290M     1308M
Down Vol.    547M      442M

Total Vol.  1853M     1797M
M = millions


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

Commitments Of Traders Report: 03/23/04

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 pared back their positions in both long and
short plays but they remain next short, which is a change in
sentiment over last week.  Small traders significantly altered
their short positions but remain net long.


Commercials   Long      Short      Net     % Of OI
03/02/04      411,932   418,936    (7,004)   (0.1%)
03/09/04      418,394   433,237   (14,843)   (1.7%)
03/16/04      454,635   449,505     5,130     0.6%
03/23/04      401,456   418,732   (17,273)   (2.1%)

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
03/02/04      148,383    84,135    64,248    27.6%
03/09/04      155,947    88,317    67,630    27.7%
03/16/04      159,054   115,023    44,031    25.3%
03/23/04      130,648    89,943    40,705    18.5%

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

Commercial traders chopped off a large chunk of open positions
from both their longs and shorts and what was left behind is
their most bullish reading in weeks.  Small traders are still
bullish too.


Commercials   Long      Short      Net     % Of OI
03/02/04      344,805   395,112    (50,307)  ( 6.8%)
03/09/04      431,623   485,268    (53,645)  ( 5.9%)
03/16/04      472,809   574,241   (101,432)  ( 9.7%)
03/23/04      268,647   294,930    (26,283)  ( 4.7%)

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
03/02/04     119,382     67,453    51,929    27.8%
03/09/04     135,233     76,558    58,675    27.7%
03/16/04     192,136     96,691    95,445    33.0%
03/23/04     131,879     59,210    72,669    38.0%

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


NASDAQ-100

We see the same reduction in outstanding positions in the NDX
futures but commercial traders have become more bullish on
the NASDAQ while small traders have become bearish.


Commercials   Long      Short      Net     % of OI
03/02/04       49,959     41,059     8,900    9.8%
03/09/04       57,368     46,082    11,286   10.9%
03/16/04       68,285     54,899    13,386   10.9%
03/23/04       52,014     34,017    17,997   20.9%

Most bearish reading of the year: (21,858)  - 08/26/03
Most bullish reading of the year:  13,386   - 03/16/04

Small Traders  Long     Short      Net     % of OI
03/02/04       11,605     7,128     4,477    23.9%
03/09/04       15,533     8,070     7,463    31.6%
03/16/04       27,859    18,333     9,526    20.6%
03/23/04        9,884    12,887    (3,003)  (13.2%)

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

Ouch! Commercial traders have switched from bullish to almost
bearish with a large drop in long positions and a big jump
in shorts.  Meanwhile small traders have moved from strongly
bearish to bullish.


Commercials   Long      Short      Net     % of OI
03/02/04       27,594    14,166   13,428      32.2%
03/09/04       26,867    12,845   14,022      35.3%
03/16/04       32,317    17,514   14,803      29.7%
03/23/04       23,048    22,119      929       2.1%

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
03/02/04        6,898    15,874   (8,976)   (39.4%)
03/09/04        7,053    19,159  (12,106)   (46.2%)
03/16/04       10,002    20,970  (10,968)   (35.4%)
03/23/04        8,344     6,734    1,610     10.7%

Most bearish reading of the year: (12,106) -  3/09/04
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
---------------------------------

Pan American Silver Corp. - PAAS - close: 18.76 change: +0.94

WHAT TO WATCH: We've looked at PAAS a couple times in the recent
past, waiting for the breakout over the top of the consolidation
flag and that breakout arrived today, with the stock gaining more
than 5% to close at a new all-time highs.  Dips back to the
$18.25-18.50 area look favorable for continuation entries,
targeting a long-term move up towards the $24.50 PnF bullish
price target.

Chart=


---

Metlife Inc. - MET - close: 35.89 change: +0.21

WHAT TO WATCH: Insurance stocks continue to hold near their
recent highs and MET is on the verge of a breakout to new recent
highs.  The stock has been wedging up under the $36 level, with
the 50-dma continuing to act as support.  Use a breakout over the
$36 level as an entry trigger and target a run towards the $40
level.

Chart=


---

AFLAC Inc. - AFL - close: 40.89 change: +0.75

WHAT TO WATCH: Pulling back with the rest of the market, AFL
spent the past few weeks building a new base just above the 50-
dma and with today's strong move, it looks like the stock has
begun its next push up to test its February highs near $41.50.
Use a trigger over that level and target a run to the $45-46
area.

Chart=


---

Bunge Limited - BG - close: 41.00 change: +0.78

WHAT TO WATCH: Shares of BG have finally emerged from their
recent consolidation this week, capped off by yesterday's solid
breakout over $40, with continued strength today bringing the
stock to the $41 level on expanding volume.  This looks like the
breakout we've been waiting for and entries look favorable near
current levels for a rally up towards the $45 level.

Chart=


---

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

CA $27.69 - As a testament to the fact that Technology stocks are
coming back to life, CA broke above its descending trendline on
Thursday, and on expanding volume.  A slight pullback near $27
(the site of the breakout) will afford the best entries, ahead of
a continued rally up to challenge the January highs just below
$30.

LUV $14.34 - It has been a tough road, but it looks like LUV has
finally solidified its breakout above the 3-month descending
channel and the stock rose right to its 50-dma on Thursday.  A
breakout over that average can be used for new entries, seeking a
rally up to strong resistance in the $16.00-16.50 area.

SANM $11.34 - After being successfully supported at the 200-dma
last week, shares of SANM have risen right to near-term
resistance at $11.50 and look ready to make a run at a near-term
breakout.  Use a trigger over $11.50 and look for a near-term
rally towards the $13 resistance level.  Take note of the reality
that there is likely to be some significant resistance in the
$11.25 area, at the junction of the 50-dma and 100-dma.


=================================================================
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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.

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Copyright ) 2003  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.





PremierInvestor.net Newsletter                 Thursday 04-01-2004
                                                    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:  FNF, SIRI

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

FNF - long
Adjust from $36.90 up to $38.00

SIRI - long
Adjust from $2.95 up to $3.05


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

PPG     PPG Industries             59.17     +0.87
AZO     Autozone Inc               86.71     +0.74
MSA     Mine Safety Appliance      29.25     +0.89
ACS     Affiliated Computer Srvc   52.90     +1.00
EXP     Eagle Materials Inc        59.75     +0.90
MRK     Merck & Co                 44.79     +0.60

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

NANO    Nanometrics Inc            17.43     +2.12
STST    Sensytech Inc              16.75     +1.23
PANL    Universal Display Corp     13.88     +1.05
EVCI    EVCI Career Colleges       13.70     +1.09
NANX    Nanophase Tech             11.16     +1.24
APN     Applica Inc                12.30     +1.06

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

JBX     Jack In The Box            28.83     +3.86
NVEC    NVE Corp                   50.83     +3.15
ACCL    Pharmacopeia Inc           22.10     +1.98
EBAY    Ebay Inc                   72.25     +2.97
FNF     Fidelity National Financial41.06     +1.46
SAFC    Safeco Corp                44.23     +1.11
POT     Potash Corp                85.91     +2.74

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

HRB     H&R Block                  49.07     -1.96
EK      Eastman Kodak              25.10     -1.07
PCO     Premcor Inc                29.71     -1.26
CEC     CEC Entertainment          33.10     -1.60
NDC     NDChealth Corp             22.70     -4.45
CALM    Cal-Maine Foods            32.96     -2.64

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

SUN     Sunoco Inc                 59.54     -2.84
WMT     Wal-Mart Stores            58.35     -1.34


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