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Daily Newsletter, Tuesday, 06/22/2004

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PremierInvestor.net Newsletter                  Tuesday 06-22-2004
                                                    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:      Stalemate!
Watch List:       A Little Bit Of Everything
Market Sentiment: Still Range Bound As Volatility Sinks

=================================================================
MARKET WRAP  (view in courier font for table alignment)
=================================================================
      06-22-2004           High     Low     Volume   Adv/Dcl
DJIA    10395.07 + 23.60 10401.18 10307.25 1.72 bln 1711/1481
NASDAQ   1994.15 + 19.77  1994.87  1964.53 1.71 bln 1766/1355
S&P 100   553.47 +  1.11   553.95   548.83   Totals 3477/2836
S&P 500  1134.41 +  4.11  1135.05  1124.37
W5000   11032.13 + 41.26 11035.68 10933.20
SOX       466.69 + 15.65   466.70   450.77
RUS 2000  571.89 +  3.15   571.95   563.88
DJ TRANS 3077.83 + 12.59  3078.14  3042.28
VIX        14.31 -  0.95    15.64    14.31
VXO (VIX-O)14.10 -  0.53    15.54    14.02
VXN        19.29 -  0.44    19.90    18.72
Total Volume 3,712M
Total UpVol  2,441M
Total DnVol  1,144M
Total Adv  3900
Total Dcl  3275
52wk Highs  154
52wk Lows   119
TRIN       0.67
NAZTRIN    0.55
PUT/CALL   0.81
=================================================================

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

Stalemate!
by Jim Brown

In a repeat performance of recent weeks the markets nearly
made a complete round trip from resistance to support and
back again over the last two days. The Dow, which topped
at 10430 on Friday and Monday retreated to exactly the low
of 10307 marking the bottom of the recent range that was
made on the 14th. We then saw an end of day rally that
returned us back to near the Monday highs. We are at a
stalemate where the bulls and bears are evenly matched
as long as we are within this range. Attempts to breakout
on either side are met with firm support and resistance.

Chart of the Dow Industrials:



Chart of the NASDAQ Composite:


Chart of the SOX semiconductor index:



The morning was uneventful with no material economic
reports and nothing to stimulate traders in either
direction. The Dow took a slight hit after a Wal-Mart
suit was upgraded to class action on sex discrimination
action. WMT dropped -$1 on the news but recovered slightly
at the close. Chain Store Sales only rose +0.1% last week
and continued their summer doldrums. The small drop in
gas prices should eventually see those dollars make their
way back into retailer cash drawers but it could be a
long dull summer for retailers.

It was not a slow spring for PalmOne. The company reported
earnings at 32 cents which more than doubled street numbers
at 13 cents. The stock soared on the news gaining +37% on
the day. Sounds like they might have under estimated their
sales. On purpose or on accident? If the rest of the tech
stocks followed suit for the 2Q earnings we would not be
worried about the Nasdaq breaking 2000 but 3000 instead.
Unfortunately we all know that will not be the case. GS
and MWD also reported blowout earnings with GS reporting
$2.31 per share with estimates of only $1.95. MWD reported
$1.10 per share with estimates of $1.06. Earnings for
Wednesday morning include FDX with estimates of $1.33
per share and WOR at $0.76 per share. Earnings after the
close include ARRO, BBBY, CDIC, COGN, MLHR, MU, OVTI.

The Nasdaq got help from the SOX after the index rebounded
from support at 450 but that rally ran into trouble early
in the afternoon. It was a technical bounce more than a
fundamental rebound and sellers were still waiting just
over 460. After a brief selling attempt the SOX rallied
once again to a new three day high and led the Nasdaq
back over its 1980 resistance. The SOX has tested 450
support for three days without failing and chip buyers
became convinced that a bottom had formed. The SOX gained
+3.5% for the day.

Traders watching the election surveys today saw their
worst fears confirmed. The election is a toss up with a
prior strong point for Bush swinging to Kerry's favor.
The terror factor swung in favor of Kerry at 48% to Bush
at 47% for those voters that expressed an opinion. What
this means is the majority of voters now feel Kerry would
be better at dealing with terrorist threats than Bush.
This has long been a Bush strong point and one that helped
him maintain a lead over the challenger. This makes the
election a real tossup and adds more confusion to the
investing future.

The clock is slowly ticking down to the June 30th event
horizon and volume is ticking down with it. Monday's
volume barely broke 3.0B across all markets and ranked
as one of the slowest days of the year. Tuesday's rebound
from the bottom of our recent range produced a slightly
stronger day as buyers forced shorts to cover as volatility
increased. The events facing us are the Fed meeting, Iraq
turnover, end of quarter and the Russell shuffle. The
following week sees a resumption of the major economic
reports and the beginning of earnings season. Add in the
July-4th holiday and the reasons not to trade over the
next eight days outweigh the reasons to be in the market.
I have covered all of these events before so I will not
elaborate but suffice to say the cloud on the horizon
has kept most traders on the sidelines but that may be
changing.

The market is not producing anything notable to discuss
and is following my game plan for the week exactly. I
expected a continued range bound environment until after
the FOMC meeting and then a possible uptick into the
holiday weekend. So far so good but stay tuned.

The range is clearly defined from 10300-10430 on the Dow
with a possible expansion of 100 points in either direction
if a suitable news event appears. The Dow managed to cross
that entire range in just the last two days. The rebound
at the close today was nearly +100 points off the bottom
but still could not muster enough excitement to break the
10400 resistance level and closed at 10395.

The Nasdaq range is 1965 to 2000 and we saw most of that
on Tuesday as well. As I mentioned above the +3.5% gain
in the SOX brought the Nasdaq back from 1965 to close at
1994 and near the high of the day. The Russell also helped
to power the Nasdaq with a rebound off the 564 lows and
support at 565 to close at resistance at 572. This +8
point jump off the morning lows was very strong and was
partially due to the rebound in the SOX. Many of the chip
stocks are big fish in the Russell pond and the three
indexes are very interrelated.

The markets appear evenly mixed between the "doom and
gloom" crowd expecting the worst from the next ten days
and the "fears priced in" crowd. Those that feel the
worst case scenarios have already been taken into account
are using the dips to the bottom of the range as buying
opportunities. Neither crowd has been able to break the
range but I am going to give the nod to the bullish
possibilities. I think the large amount of money waiting
on the sidelines is getting nervous that a rally might
break out without them. The last two times we saw an
end of day rally it was on strong volume compared to
the low volume gravity induced sell offs.

This puts the risk on the side of the sellers more than
the buyers. With the various events so over analyzed I
think anybody that wants to sell has probably already
sold and buyers are becoming immune to the news. That
news will increase as the day draws near but short of
a real surprise I think there is a potential for a post
Fed/Iraq rally into the holiday weekend and then again
post holiday. Buyers are deciding that the risk may not
be so great and maybe they should nibble at long positions
in advance just in case.

I am far from expecting a blowout but you never can tell
when the buying urge will hit. Just like every tick below
our range increases fear of a breakdown, every tick above
our range increases the fear of missing the rally train.
We still have very strong resistance from 10400-10575 but
that would more than double our current 130 point range.
It may be a tough road but buying support appears to be
building. I really liked the strength of the afternoon
rebound despite the end of day stall.

There are no material economic reports on Wednesday with
only Mortgage Applications and Mass Layoffs slated. The
calendar picks up some on Thursday with Jobless Claims,
Durable Goods, Help Wanted and New Home Sales. Friday
sees GDP, Sentiment and Existing Home Sales. These
reports will ratchet up the interest level for traders
but should not be market movers. The two of greatest
interest will be Durable Goods and GDP. The GDP is the
final for Q1 and is expected to be +4.4%.

I am having technical problems tonight so I am going
to cut this short. While I still think the possibility
for a continued range bound market is strong I think we
are starting to see the potential to begin testing the
upper range and a higher high. I have shifted back to a
"buy the dip" mode and suggest you do the same. Should
we see a Dow move over 10430 we could see an acceleration
of buying that just might overcome the resistance areas
to the 10500 level. That would be my next pause point
and one that should contain the markets until the 30th
baring any spectacular news events.

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

A Little Bit Of Everything

Echostar Communications - DISH - close: 30.10 change: -0.02

WHAT TO WATCH: Following yesterday's drop, DISH headed sharply
lower and nearly made a serious breakdown.  This support at $29
looks destined to break and when it does, the fall could be
significant.  Note that a trade at $29 will create a new PnF Sell
signal and the downside price target is already $18.  Use a
trigger at $29 and target an initial move to the $24-25 area.




---

JDS Uniphase Corp. - JDSU - close: 3.58 change: +0.38

WHAT TO WATCH: Breaking free of its recent consolidation pattern
today, JDSU soared higher by nearly 12% on much stronger than
average volume.  While today's rally feels a bit large for a
chase, aggressive traders could consider momentum entries above
today's high.  A better strategy would be a pullback entery near
the $3.40 level.  In either case, target a rally to the $3.90-
4.00 area.




---

PMC Sierra - PMCS - close: 13.00 change: +0.89

WHAT TO WATCH: Technology strength aided PMCS in its rebound from
the $12 level today and it looks an awful lot like a double
bottom has been put in place.  Aggressive traders can enter near
current levels, while the more conservative approach will be to
wait for the pattern to confirm with a move over the $14.60
level.  Look for a longer-term upside target near the $18 level.




---

Texas Regional Bancshares - TRBS - close: 44.72 change: +1.20

WHAT TO WATCH: What's not to like with another breakout to new
highs?  TRBS shot through the $44.50 resistance level today,
keeping its long-term rally alive.  Look for the uptrend to
continue towards psychological resistance at $50.  A pullback
into the $43.50-44.00 area looks good for bullish entries.





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

LU $3.71 - Another beaten down Networking stock, LU is trying to
make another bullish move, breaking out over the 50-dma and
horizontal resistance today.  Entries look good either on a
successful test of the 50-dma as support or on a breakout over
today's high.  Target strong resistance near $4.20.

CCE $29.02 - Continuing its inexorable rise, shares of CCE set
another multi-year high today and it looks like another major
breakout is coming.  Trigger entries over $30 and look for a
longer-term rise to the $35 area.

AYE $15.17 - Energy stocks continue to look bullish and AYE is
still riding its ascending channel higher.  Aggressive traders
can enter on a breakout to new highs over $15.35, while the more
conservative approach will be to look for a pullback near solid
support at $14.50.  Look for a move towards the $17.50 resistance
level.


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

Still Range Bound As Volatility Sinks
- J. Brown

It would seem that Wall Street has accepted the fact that stocks
are due to remain range bound until June 30th.  On that magical
day the FOMC will declare they are raising rates by 25 basis
points while the reigns of power shift from the coalition to a
strong and able-bodied new Iraqi government.  Oh sorry... I must
have been daydreaming while the market churned sideways - boring
most of us to sleep.  Yes, those two events will occur minus the
able-bodied Iraq government and yes stocks look set to trade
sideways until the 30th but will they move after that date?
Let's hope so.  Immediately following June 30th is the June
employment report due out on Friday, July 2nd.  Plus, we'll be
that much closer to the Q2 earnings season.

Until then traders are playing the range.  The Industrials
bounced from the bottom of their range near 10,300 toward the top
of the range in the 10,400-10,440 area.  The NASDAQ rebounded
from the bottom of its range near 1965 back toward the 2000
level.  Actually the NASDAQ completed an inverse or reverse head-
and-shoulders pattern in the last day and a half.  That's bullish
for stocks.  The bad news is that it has already reached its
target of 1995.

Meanwhile Wal-Mart (WMT) weighed on the Industrials and the
retail stocks after a San Francisco judge certified what is to
become the largest class-action suit ever in America.  The suit
alleges that WMT systematically discriminated against women in
pay and promotions.  Over 1 million women are listed in the class
action suit.

On the earnings front both Morgan Stanley (MWD) and Goldman Sachs
(GS) beat estimates this morning when they reported earnings this
morning.  Normally these stocks tend to sell off after their
report despite good news but since both were already trading near
two-week lows investors actually responded with a rally.  Both
MWD and GS painted bullish engulfing candlesticks and that bodes
well for tomorrow.

It was interesting to see strong gains in Lucent (LU) and JDS
Uniphase (JDSU).  I thought the 5.4% gain in LU to $3.71 and the
11.8% gain in JDSU to $3.58 was just speculative buying until
news came out that SBC had issued plans to spend $4B to $6
billion on a new fiber optic network over the next five years.

Overall the market internals were bullish.  Advancing stocks
outnumbered decliners 5 to 4 on the NYSE and 17 to 13 on the
NASDAQ.  Up volume was more than double down volume while overall
volume was stronger than it has been in days.

We continue to trade without any major economic reports due out
tomorrow and that leaves investors stewing in negative Iraq news.
Maybe Fedex (FDX) can jump start stocks when it announces
earnings tomorrow morning.  Estimates are for $1.34 per share.

On Thursday look for the initial jobless claims, durable goods
orders, help wanted index and the New Home sales numbers.

Let me issue a MAJOR caution here.  All the volatility indices
(VIX, VXO, VXN) took a dive today.  The VIX/VXO are near their
multi-month lows while the VXN hit a new all-time low.  This is a
SERIOUS red flag and if I had to bet I'd look for stocks to fail
at resistance tomorrow.



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

Market Averages

DJIA ($INDU)

52-week High: 10753
52-week Low :  8871
Current     : 10395

Moving Averages:
(Simple)

 10-dma: 10386
 50-dma: 10254
200-dma: 10134



S&P 500 ($SPX)

52-week High: 1163
52-week Low :  962
Current     : 1134

Moving Averages:
(Simple)

 10-dma: 1133
 50-dma: 1119
200-dma: 1094



Nasdaq-100 ($NDX)

52-week High: 1559
52-week Low : 1180
Current     : 1474

Moving Averages:
(Simple)

 10-dma: 1472
 50-dma: 1447
200-dma: 1437


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

CBOE Market Volatility Index (VIX) = 14.31 -0.95
CBOE Mkt Volatility old VIX  (VXO) = 14.21 -0.42
Nasdaq Volatility Index (VXN)      = 19.29 -0.44


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

          Put/Call Ratio  Call Volume   Put Volume

Total          0.81        761,243       620,003
Equity Only    0.69        623,543       431,825
OEX            1.35         19,776        26,726
QQQ            0.78        125,697        97,673


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

Bullish Percent Data

           Current   Change   Status
NYSE          66.1    + 1     Bear Confirmed
NASDAQ-100    41.0    + 0     BULL ALERT
Dow Indust.   70.0    + 0     Bear Confirmed
S&P 500       64.0    + 1     Bear Confirmed
S&P 100       63.0    + 0     Bear Confirmed



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

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


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

 5-dma: 1.05
10-dma: 1.01
21-dma: 0.91
55-dma: 1.03


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    1536      1733
Decliners    1247      1321

New Highs     103        48
New Lows       30        37

Up Volume   1103M     1112M
Down Vol.    576M      472M

Total Vol.  1713M     1651M
M = millions


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

Commitments Of Traders Report: 06/08/04

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 remain net bearish but they have added to
their long positions.  Small traders have also added to their
long positions but it's the jump in their shorts that is most
noteworthy.


Commercials   Long      Short      Net     % Of OI
05/25/04      400,713   420,764   (20,051)   (2.4%)
06/01/04      406,665   421,681   (15,016)   (1.8%)
06/08/04      397,294   452,904   (55,610)   (6.5%)
06/15/04      428,905   444,197   (15,292)   (1.8%)

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
05/25/04      136,086    79,060    57,026    26.5%
06/01/04      137,100    79,583    57,517    26.5%
06/08/04      158,373    92,794    65,579    26.1%
06/15/04      169,595   115,336    54,259    19.0%

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

Hmm... what are commercial traders trying to tell us.  Their
short positions have grown steadily over the past four weeks.
Likewise the small traders' long positions have grown each
week for the last four weeks.


Commercials   Long      Short      Net     % Of OI
05/25/04      353,722   336,406     17,316     2.5%
06/01/04      325,865   325,274        591     0.0%
06/08/04      367,191   409,246    (42,055)   (5.4%)
06/15/04      440,867   522,546    (81,679)   (8.5%)

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
05/25/04       91,515    100,759   ( 9,244)  ( 4.8%)
06/01/04      111,484     90,625    20,859    10.3%
06/08/04      140,191     84,649    55,542    24.7%
06/15/04      216,759    147,247    69,512    19.1%

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 remain bullish on the NASDAQ but their
confidence is waning.  Likewise small traders are staying
true to their nature and doing the opposite with a decrease
in shorts.


Commercials   Long      Short      Net     % of OI
05/25/04       59,891     37,630    22,261   22.8%
06/01/04       59,944     34,784    25,160   26.6%
06/08/04       64,747     41,178    23,569   22.3%
06/15/04       78,542     54,341    24,201   18.2%

Most bearish reading of the year: (21,858)  - 08/26/03
Most bullish reading of the year:  25,160   - 06/01/04

Small Traders  Long     Short      Net     % of OI
05/25/04       10,184    20,653   (10,469)  (33.9%)
06/01/04        9,755    30,025   (20,270)  (51.0%)
06/08/04        9,716    29,594   (19,878)  (50.6%)
06/15/04       15,794    35,880   (20,086)  (38.9%)

Most bearish reading of the year: (20,270) - 06/01/04
Most bullish reading of the year:  19,088  - 01/21/02

DOW JONES INDUSTRIAL

Hmm.. we have some interesting moves here.  Commercial traders
have gone from net bearish to net bullish while small traders
have oved from net bullish to net bearish on the Dow Jones.
You know who normally wins these conflicts - it's the
commercials.


Commercials   Long      Short      Net     % of OI
05/25/04       23,578    24,632   (1,045)     (2.2%)
06/01/04       23,397    24,393   (  996)     (2.0%)
06/08/04       24,636    25,821   (1,185)     (2.3%)
06/15/04       30,438    24,766    5,672      10.3%

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

Small Traders  Long      Short     Net     % of OI
05/25/04        9,623     6,614    3,009     18.5%
06/01/04        9,000     6,021    2,979     19.8%
06/08/04        8,325     6,431    1,894     12.8%
06/15/04       13,942    20,953   (7,011)   (20.1%)

Most bearish reading of the year: (12,106) -  3/09/04
Most bullish reading of the year:   8,523  -  8/26/03

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


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DISCLAIMER
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Do not duplicate or redistribute in any form.





PremierInvestor.net Newsletter                  Tuesday 06-22-2004
                                                    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: BRCM
Stock Splits:     GTK

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

BRCM - long
Adjust from $41.00 up to $41.60


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

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

GTK announces a 2-for-1 split with earnings

This morning before the opening bell GTECH Holdings Corp
(NYSE:GTK) reported earnings and with earnings announced a 2-for-1
stock split.

The split will take the form of a 100% stock dividend payable on
July 30th, 2004 to shareholders on record as of July 1st. Post-
split GTK will have close to 118 million shares outstanding.


About the company:
GTECH, a leading global information technology company with over
$1 billion in revenues and more than 5,500 people in 45 countries,
provides software, networks, and professional services that power
high-performance, transaction processing solutions. The Company's
core market is the lottery industry, with a growing presence in
commercial gaming technology and financial services transaction
processing. (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

AIG     American Intl Group        72.30     +0.73
CVX     Chevron Texaco             93.83     +0.53
COP     ConocoPhillips             77.18     +0.54
MFC     Manulife Financial         39.75     +0.76
PGR     Progressive Corp           85.80     +0.76
DE      Deere Co                   69.06     +0.74

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

LKQX    LKQ Corp                   19.52     +1.03
NFLD    Northfield Lab             13.05     +1.23
CYTO    Cytogen Corp               12.81     +1.38
ROYL    Royale Energy Inc          16.20     +2.06

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

RJR     RJ Reynolds                65.90     +1.57
CBSS    Compass Bancshares         43.25     +1.34
WTW     Weight Watchers            39.60     +1.73
TRBS    Texas Regional Banc        44.72     +1.20
DKS     Dick's Sporting Goods      34.30     +5.70
IMH     Impac Mtg Holdings         21.77     +1.06
PLMO    PalmOne Inc                29.36     +7.90

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

FRX     Forest Labs                56.73     -4.64
STJ     St. Jude Medical           74.48     -1.22
ATH     Anthem Inc                 85.71     -1.79
ALOG    Analogic Corp              37.33     -3.50
NOBL    Noble Intl Ltd             24.90     -1.90

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

SMG     Scotts Co                  64.96     -1.24
OSG     Overseas Shipholding       41.40     -2.38
YCC     Yankee Candle              29.45     -1.05
SWIR    Sierra Wireless            32.12     -1.07
FL      Foot Locker                23.00     -0.38
ACXM    Acxiom                     23.95     -0.78
ARO     Aeropostale Inc            27.96     -0.70
SIE     Sierra Health Services     44.70     -1.25


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