Intraday Investments Stalk Sheet for Thursday, October 4, 2001
In the after hours markets the Nasdaq Futures are up 18.00 and the S&P Futures are up 6.00 pts as of 6:22 am edt.
Companies in our sector model reporting earnings on Thursday include: NONE.
On the economic calendar for Thursday we have: At 8:30 am: Initial Jobless Claims for 9/29, At 10:00 am: Factory Orders for August, and at 2:00 pm FOMC Minutes for 8/21.
Technology finally snapped it’s losing streak on Wednesday with a big rally. Based on the volume we saw Wednesday, we expect follow through on Thursday.
LONGS:
IDTI, Integrated Device Technologies, Long >20.60, Semiconductor Sector-MSDP, $SOX.X
IDTI reversed on big volume Wednesday and above 20.60 we break the high of the day on our way to breaking above the 5 day high of 20.66.
KLAC, KLA-Tencor, Long > 33.10, Semi Sector-Semi Equipment, $SOX.X
This stock reversed in its tracks on big volume on Wednesday and above 33.10 we break a 5 day band of consolidation.
IRF, International Rectifier, Long >27.70, Semiconductor Sector-Mixed Signal, $SOX.X
IRF also saw big reversal day on Wednesday with great volume. Above 27.70 we break the 5 day high.
SHORTS
PFE, Pfizer, Short < 40.56, Drug Sector-Major Drug Companies, $DRG.X
Below here we break the neckline of a head and shoulders pattern on the 60 min chart and the 40ma on the 60 min chart. Next support is at 40.00 and then 38.75
GDT, Guidant Corp, Short <39.00, Healthcare Sector-Equip and Supplies, $HCX.X
Below here we break Wednesday’s low and the 40 ma on the 60 min chart. Next support levels at 39.50 and 39.00. This stock has also broken its up trend line. If GDT really cracks, it could see 36.00.
Trade Well Today!
Ed, Steve & Deron
General Partners
intradayinvestments.com
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