主题：04/01/2009 Market View -- 宁子

Upside:

New buy point on BIDU as it sets up for another run.

Play Date: 04/01/2009

BIDU (Baidu.com--$174.77; -1.83; optionable): Chinese internet search

http://biz.yahoo.com/p/b/bidu.html

After Hours: $174.47

EARNINGS: 02/18/2009

STATUS: Test 18 day EMA. BIDU gave us a great run through late March and is now testing, gapping lower Monday to the 18 day EMA (172.42), holding at that level the past three days. Showing a doji on the candlestick chart at the 18 day Wednesday on low volume. Great run, nice test, ready to make the next run higher.

Volume: 1.365M Avg Volume: 2.444M

BUY POINT: $177.28 Volume=3.2M Target=$207.94 Stop=$170.77

POSITION: BDU EP - May $180c (48 delta) &/or Stock

http://www.investmenthouse.com/ci/bidu.html

Play Date: 04/01/2009

CAB (Cabelas--$9.60; +0.49; optionable): Sporting goods stores

http://biz.yahoo.com/p/c/cab.html

After Hours: $9.60

EARNINGS: 02/19/2009

STATUS: Test breakout. Retail baby. Consumer in the toilet, economy likewise, yet retail stocks are rising. CAB gapped over the 200 day SMA (8.91) last week, clearing a 7 week consolidation. It tested back to the 200 day through Tuesday and then started back up Wednesday, moving on a new shot of above average volume. Great action and ready to move in as CAB continues the run. Earnings are out of the way so it's a go.

Volume: 744.885K Avg Volume: 594.44K

BUY POINT: $9.82 Volume=800K Target=$11.97 Stop=$9.13

POSITION: CAB FU - June $7.50c (81 delta, wide spread) &/or Stock

http://www.investmenthouse.com/ci/cab.html

Play Date: 04/01/2009

EJ (E-House China Holdings--$8.44; +0.67; optionable): Chinese housing

http://biz.yahoo.com/p/e/ej.html

EARNINGS: 03/12/2009

STATUS: Double bottom w/handle. First base off the November low, a nice 12 week base, forming the handle at the 200 day SMA (7.69) over the past two weeks. Broke through the 200 day just over a week back, tested, and Wednesday jumped back up on a solid shot of rising, above average volume. Looks ready for the next break higher and has some room to run up toward the September peak just over 10.

Volume: 438.646K Avg Volume: 341.911K

BUY POINT: $8.61 Volume=500K Target=$10.28 Stop=$7.91

POSITION: EJ EU - May $7.50c (71 delta) &/or Stock

http://www.investmenthouse.com/cd/ej.html

Play Date: 04/01/2009

PVH (Phillips-Van Heusen--$22.63; -0.05; optionable): Apparel maker

http://biz.yahoo.com/p/p/pvh.html

After Hours: $22.54

EARNINGS: 05/19/2009

STATUS: Flag. PVH surged out of an 11 week base just over a week back, rallying straight up, forming the flag pole. It has tested this week in a very orderly, tight range. May come back a bit more toward the 10 day EMA (21.55) but it could pop from here just as easily. Plenty of room to move up to the 200 day SMA (26.80) to give us a nice gain.

Volume: 1.149M Avg Volume: 1.041M

BUY POINT: $23.11 Volume=1.4M Target=$26.65 Stop=$21.49

POSITION: PVH FX - June $22.50c (54 delta) &/or Stock

http://www.investmenthouse.com/ci/pvh.html

Play Date: 04/01/2009

SHLD (Sears Holding Corp.--$48.09; +2.38; optionable): Retail box stores

http://biz.yahoo.com/p/s/shld.html

After Hours: $48.50

EARNINGS: 02/26/2009

STATUS: Cup w/handle. Less than exciting but set up well and can rip off some big yardage when it gets going. Formed a 10 week cup with handle base, testing back to the 10 day EMA (45.10) this week, throwing a hammer doji Tuesday and then bouncing higher Wednesday on stronger, above average volume. Great money flow is leading higher and SHLD has room to run to the 200 day SMA at 60.20.

Volume: 1.508M Avg Volume: 1.444M

BUY POINT: $49.37 Volume=2M Target=$59.45 Stop=$46.38

POSITION: KTQ FJ - June $50c (51 delta) &/or Stock

http://www.investmenthouse.com/ci/shld.html