Intraday Investments Stalk Sheet for Thursday, October 11, 2001
In the after hours markets the Nasdaq Futures are down 50 pts. and the S&P Futures are down 1.00 pts as of 9:50 pm edt.
Companies in our sector model reporting earnings on Thursday include: Before the Open: COST, GE, KRB, After the Close: CREE, DCLK, EFII, GAP, JNPR, NETA, PWAV, RSAS & SONS.
On the economic calendar for Thursday we have: 8:30 am: Initial Jobless Claims for 10/06, Export Prices exluding agriculture & Import Prices ex-oil for September.
LONGS:
IRF, International Rectifier, Long > 29.70, Semiconductor Sector-Mixed Signal, $SOX.X
Above here we break the 5 day high with next resistance at 30.00. Above 30.00 (200 ma on 60 min chart) we should see 31.00 then 31.60 as resistance. Strong volume is a must.
GLW, Corning, Inc., Long > 7.70, Networker Sector-OWTP, $NWX.X
Above 7.70 we break a major band of resistance from October 5th and October 8th. Next resistance is at the 200 ma on the 15 min chart ($7.90). Above here we see resistance at 8.20 and 8.40.
CSCO, Cisco Systems, Long > 15.26, Networker Sector-Enterprise Netw., $NWX.X
Above here we break the 5 day high. CSCO rallied on huge volume on 10/03 and has consolidated at the highs now for 5 days. If the stock can see an increase in volume and the market cooperates, the next resistance is at 15.75 and then 17.00.
SHORTS
BSX, Boston Scientific, Short < 21.65, Healtcare Sector, $HCX.X
Below here, BSX breaks the neckline of a head and shoulders pattern and the 200 ma on the 15 min chart. Next support is at 20.75 to 20.50 area.
Trade Well Today!
Ed, Steve & Deron
General Partners
intradayinvestments.com
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