Intraday Investments Stalk Sheet for Monday, October 8, 2001
In the after hours markets the Nasdaq Futures are down 7.50 pts. and the S&P Futures are down 8.30 pts as of 8:06 pm edt.
Companies in our sector model reporting earnings on Monday include: NONE.
On the economic calendar for Monday we have: NONE.
The big news coming into Monday is the US led retaliation against the Taliban.
LONGS:
CIEN, Ciena Corp, Long >13.10, Networking Sector-NGPS & ME, $NWX.X
This stock showed good relative strength most of the day on Friday before selling off into support at the close. On strong volume and above Friday’s high we should be able to break the 200 ma on the 60 min chart.
EMC, EMC Corp, Long > 13.44, Computer Storage – Storage Hardware
EMC exhibited great relative strength on Friday and closed near the day’s high. Volume, although declining was heavier than average. Above here we break through a double top and the 200 ma on the 60 min chart.
SHORTS
CB, CHUBB Corp., Short <74.59, Insurance Sector, $IUX.X
CB began losing support on Friday before rallying back up into resistance at the close. This stock also broke the neckline of a head and shoulders pattern on Friday and the predicted drop is to 73.00. Will also consider shorting this one into a light volume rally or gap up.
ENZN, Enzon, Short < 55.59, Biotech Sector – Infectious Disease Research, $BTK.X
Below Friday’s low we break the 40 and 200 ma’s on the 60 min chart.
Trade Well Today!
Ed, Steve & Deron
General Partners
intradayinvestments.com
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