Intraday Investments Stalk Sheet for Friday, October 19, 2001
In the after hours markets the Nasdaq Futures are down 14.50. and the S&P Futures are down 3..50 pts as of 7:45 am edt.
Companies in our sector model reporting earnings on Friday include: NOK, SEPR, TROw
On the economic calendar for Friday we have: 8:30 am: CPI, Core CPI for September, Trade Balance for August.
LONGS:
PFE, Pfizer, Long > 42.20, Drug Sector-Major Drug Co’s, $DRG.X
Above here we break Thursday’s high and the neckline of an inverse head and shoulders. The market must cooperate and volume must be strong for PFE to break out.
SBC, SBC Communications, Long >43.60, Telco Sector-ILEC’s , $XTC.X
Above here we break the 40 ma on the 60 min chart. After sell off to support for 4 days, this stock has consolidated and formed 2 reversal candles. Next resistance is at 43.90 then 44.32.
SHORTS
EMLX, Emulex Corp, Short < 19.57, Computer Storage-FCE
Below Thursday’s low of 19.57 we break the 200 ma on the 15 min chart.
CCMP, Cabot Microelectronics, Short < 55.30, Semiconductor Sector, $SOX.X
Below here, we break the low from Thursday and the 200ma on the 15 min chart. Next support at 55.00, 54.65 and 53.90.
Trade Well Today!
Ed, Steve & Deron
General Partners
intradayinvestments.com
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