Intraday Investments Stalk Sheet for Tuesday, October 9, 2001
In the after hours markets the Nasdaq Futures are up 2.00 pts. and the S&P Futures are down .80 pts as of 9:46 pm edt.
Companies in our sector model reporting earnings on Tuesday include: LRCX, MOT & RATL.
On the economic calendar for Tuesday we have: NONE.
LONGS:
VRTS, Veritas Software, Long > 26.35, Computer Storage- Comp Networking Software
Above here we break the swing high established last Thursday. Watch volume carefully as strong volume will be needed to rally further. Next major zone of resistance is the 27.50 to 28.00 area.
KLAC, KLA Tencor, Long >36.85, Semiconductor Sector-Semi Equipment, $SOX.X
KLAC saw a nice burst of volume on a light day in the markets on Monday and closed near the high of the day. Above 36.85 we break the 20 ma on the daily and Monday’s high on our way to resistance at 37.50 then 38.75.
SHORTS
PFE, Pfizer, Short < 40.75, Drug Sector-Major Drug Companies, $DRG.X
Below here we break Monday’s low and a 6 day band of support and the 200 ma on the 15 min chart. Next support levels are at 40.00 and 38.75.
WMT, Wal-Mart, Short < 50.96, Retail Sector-Major Dept Stores, $RLX.X
Below here we break the 200 ema and 200 ma on the daily, the 3 day low and the 200 ma on the 15 min chart. Next support level is 50.00.
Trade Well Today!
Ed, Steve & Deron
General Partners
intradayinvestments.com
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