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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS -- Ignore unavailable to you. Want to Upgrade?

To: WaveSeeker who wrote (190)	6/5/2001 2:32:47 AM
From: -	Respond to of 565

Intraday Investments STALK LIST for Tuesday, June 5 2001 We are changing the format of the STALK LIST to present more information, and to organize the setups in a more useful fashion. Setups are now organized by sector. Each sector index is commented on along with the stocks that have setup within that sector. All setups are identified and described if ever so briefly. Soon we’ll have a detailed diagram/explanation for many setup criteria available to members on the private area of our website. The recommend practice is to study each setup and program those you’re comfortable with into an alert program. Soon, we’ll also be email out pre-programmed alert program setup files to our Premium-level customers so in the morning, as soon as each alert level is hit they’ll have an audible/on-screen alarm. Finding setups doesn’t get any easier or better than that, especially at 6:00 in the morning! Of course, we’ll also be analyzing each setup as it triggers in the room, making various judgement calls about if/when to enter depending upon how the overall market/sector action is playing out at that time. These are likely scenarios for the sectors and we get them right a good deal of the time. But remember, each sector (and the market as a whole) can go wherever it pleases tomorrow. No honest person can rightly claim to know what the market -- or even an individual issue -- will do in advance with any real certainty beyond simply having a statistical edge through TA, news insights, and fundamental analysis. So always use stops and remember than in the market, anything can (and will) happen. Best sure to take advantage of “being nimble” by re-assessing the validity of all your setup criteria as the individual setups are triggered; don’t just jump in blindly. Above all, be ready to take responsibility for all your trades. We would be the first to tell you that you won’t get very far by just trying to follow someone else’s setups blindly. You must understand the setups in order to make real progress! Good trading, -Steve ------------------------------------------------------------------------------ Sector --- Symbol --- Name --- Long/Short --- Alert_Price --- Type of SETUP --- Notes ------------------------------------------------------------------------------ Semiconductor $SOX.X Semiconductor Index Appears to be setting up for a move down. Ran into 40MA; broke bottom of trading range. A move down would probably test the May 31 lows at a minimum. Semiconductor LSCC Lattice Semiconductor Short <21.80 2U+1R reversal of rallly in downtrend. Recent failed breakout, and took out low of trading range. Also has news working against it (downgrade). Semiconductor PMCS PMC-Sierra Short <30 Bear Flag after breaking support. Short w/weak $SOX for confirmation. Make take 2-3 days to setup; likely to end up in $21 area if it closes below $30 ------------------------------------------------------------------------------ Networking $NWX.X Networking Index <405, <400 Networkers setting up for more downside after weak rally in downtrend; likely to fail soon; may retest 350 area. Networking FDRY Foundry Networks Short <17.00 2U+RD reversal pattern broke uptrend/20SMA; about to break minor support Look to weak $NWX.X for confirmation. ------------------------------------------------------------------------------ Software $GSO.X Software Index <210 $GSO.X, SWH could be setting up to break the bottom of their trading range & begin a move down. Software CHKP Checkpoint Software Short <48 Broke support in downtrend; news working against it. Should give us another leg down. Look to weak SWH/$GSO.X for confirmation. Software VRSN Verisign Short <53.70 Bear Flag signal > breaking uptrend. Broke 20MA in uptrend. Will probably be trading down with sector Tuesday. Software SYMC Symantec Short <63.80 Failed breakout/broke uptrend/about to take out minor support. Will probably be trading down with sector Tuesday. Notice Sell volume is increasing in SYMC ------------------------------------------------------------------------------ Hardware $HWI.X Hardware Index Setting up for continuation move down Tuesday. Hardware SUNW Sun Microsystems Short <15.90 Taking out lows after gap down, Bear Flag. Sector may be in trouble. Enter SUNW with confirmation from weak $HWI.X ------------------------------------------------------------------------------ Internets $IIX.X Internet Index $IIX not looking setup to move up… caution with EBAY. Internets TTWO Take-Two Interactive Short <20.00 Climax-style run on declining volume. Internets EBAY EBay Long >63.50 Pullback/reversal up in uptrend (ADX=28); target $66 area. Caution: looking toppy, we will probably reverse in target/double-top area and attempt to ride it down short. Internets EXDS Exodus Commun. Short <7.55 We may need to stalk this one… microsector in trouble… should eventually test $6 area. ------------------------------------------------------------------------------ Biotechs $BTK.X Watch for retest of 660 area (double-top from January 01'). We’ll stalk AMGN for pullback in uptrend. Biotechs HGSI Human Genome Sc. Long >70.55 Continuation move off pullback Caution: stay nimble, watch out for reversal, sector has been running. Biotechs MEDX Medarex Long >30 Rebound off pullback in modest uptrend (ADX=19) Biotechs MEDI Medimmune Long >44.10 Breakout play May retest $46 area Biotechs GENZ Genzyme Corp Long >56 Breakout play; may have to stalk it ------------------------------------------------------------------------------ Oil Stocks $XOI.X Oil stocks rebounded strongly Monday; expect continuation into Tuesday Oil Stocks CHV Chevron Short $100 area $100 rebound setup Watch CHV for a shorting opportunity the first time it tests $100 area. Oil Stocks XOM Exxon-Mobil Long >91.00 Breakout play/continuation move. Watch for continued strength in $XOI.X ------------------------------------------------------------------------------ Semi Equipment $SOX.X Semi Index Semi Equipment LRCX Lam Research Short <27.50 Reversal down in micro-downtrend Target $26 area Semi Equipment NVLS Novellus Short <48.65 Reversal down in micro-downtrend ------------------------------------------------------------------------------ Retail $RLX.X Retail Index Retail HD Home Depot Long >50.20 Rebound w/recovering sector Watch $RLX.X for confirmation Retail LOW Lows Long >70.70 Rebound w/recovering sector Watch $RLX.X for confirmation ------------------------------------------------------------------------------ Banks $BKX.X Banking Index Long >930 Breakout from pullback in uptrend Watch $BKX.X for breakout >930 level Banks C Citibank Long >52.50 Cup & Handle consolidation breakout, 200MA slice in uptrend. We’ll trade w/$BKX.X breakout Banks JPM JP Morgan Long >50.5 Cup & Handle consolidation breakout, 200MA slice. w/$BKX.X breakout ------------------------------------------------------------------------------ Consumer $CMR.X Consumer Index Cup & Handle; consolidating Consumer HSY Hershey >61.60 Rebound off pullback ------------------------------------------------------------------------------ Insurance $IUX.X Insurance Index AFL Aflac (Quack!) Long >33.30 with strong $IUX.X ------------------------------------------------------------------------------