主题：04/08/2009 Market View -- 宁子

Upside: More stocks continue to set up for the upside.

Play Date: 04/08/2009

ANF (Abercrombie & Fitch--$25.66; +1.03; optionable): Teen apparel stores

http://biz.yahoo.com/p/a/anf.html

After Hours: $25.66

EARNINGS: 05/15/2009

STATUS: Flag. Okay the retail stores are performing and ANF has set up a good buy point for us. After trying to hold near 25 in October ANF had more selling, tumbling down into November. It found bottom and since January it has worked laterally, forming something of a double bottom and breaking higher to end March. It gave up that move but then started the year with a new breakout. This week it is testing that move, coming back to the October low and the January peak and then bouncing Wednesday on a solid jump in above average volume. The break higher took ANF over resistance and this pullback has tested that move nicely. The rising volume on the bounce is a solid indication the buyers are stepping back in at this inflection point. Ready to move in as ANF continues the move higher.

Volume: 4.707M Avg Volume: 4.178M

BUY POINT: $25.89 Volume=4.5M Target=$29.95 Stop=$24.08

POSITION: ZWR HE - Aug. $25c (62 delta) &/or Stock

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

Play Date: 04/08/2009

CMI (Cummins--$26.69; -0.42; optionable): Engines, machinery

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

After Hours: $26.90

EARNINGS: 04/30/2009

STATUS: Test breakout/flag. CMI broke out from an 8 week Cup w/handle base to start April, surging higher on strong volume. It rallied to 30 and has tested this week, coming back to the breakout point Wednesday, tapping the 18 day EMA, and then rebounding to cut the losses. Low volume shows no heavy selling, just some quick profit taking. Nice test and ready to continue the break higher.

Volume: 2.961M Avg Volume: 4.25M

BUY POINT: $27.21 Volume=5.2M Target=$31.94 Stop=$26.11

POSITION: CME FE - June $25c (73 delta) &/or Stock

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

Play Date: 04/08/2009

NETL (Netlogic Microsystems--$27.81; +0.45; optionable): Semiconductors

http://biz.yahoo.com/p/n/netl.html

After Hours: $27.81

EARNINGS: Early May (last announced 2/03/2009)

STATUS: Test 18 day EMA. NETL is stair-stepping up in its uptrend channel, coming back the past three sessions to test the 18 day EMA (27.40) Wednesday, the level it has held since March. Volume is not great but the trend continues. Looking for a bounce off of the 18 day to move into the play and ride it up toward the top channel line.

Volume: 283.15K Avg Volume: 788.935K

BUY POINT: $28.31 Volume=925K Target=$32.38 Stop=$26.52

POSITION: LKT GE - July $25c (74 delta) &/or Stock

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

Play Date: 04/08/2009

SINA (Sina.com--$25.46; +0.34; optionable): Chinese internet software

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

After Hours: $25.30

EARNINGS: Mid-June (last announced 3/16/2009)

STATUS: Cup w/handle. SINA has broken its May 2008 to March 2009 downtrend, gapping through the trendline to start April. That move took it through its October low. It broke from a weeklong handle to its 14 week base on the move and has spent this week testing. It has come back to the 10 day EMA (24.65) on lower volume, holding the March high as it does. Looking for a solid break higher to give us the entry point.

Volume: 1.095M Avg Volume: 1.627M

BUY POINT: $25.97 Volume=2.1M Target=$29.95 Stop=$24.38

POSITION: NOQ FE - June $25c (59 delta) &/or Stock

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

Play Date: 04/08/2009

TJX (TJ Max--$26.70; +0.95; optionable): Discount department stores

http://biz.yahoo.com/p/t/tjx.html

After Hours: $26.70

EARNINGS: 05/19/2009

STATUS: Cup w/handle. Nice 6 month base has set up, the past three weeks or the handle forming a pennant over the 18 day EMA (25.50). Good volume on the upside sessions as TJX bumps into the 200 day SMA (26.61). Wednesday TJX started to break through that level, and it looks ready to make a new breakout.

Volume: 6.691M Avg Volume: 5.974M

BUY POINT: $26.87 Volume=8M Target=$30.87 Stop=$25.48

POSITION: TJX GE - July $25c (63 delta) &/or Stock

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

New buy point on current position:

Play Date: 04/08/2009

TSM (Taiwan Semiconductor--$9.59; +0.15; optionable): Semiconductor integrated circuits

http://biz.yahoo.com/p/t/tsm.html

After Hours: $9.59

EARNINGS: 01/22/2009

STATUS: After gapping higher to start April, and making us some great money in doing so, TSM has come back to test and on Wednesday filled that gap, reaching down toward the 18 day EMA (9.27) intraday and rebounding to positive. Nice test of the March high and a gap fill all in one. That puts TSM in position to resume its move higher as its breakout really came in March. That means this move should still have plenty of pop to it as it comes off of this test. Love it when leaders give us new solid entry points.

Volume: 21.95M Avg Volume: 23.409M

BUY POINT: $9.68 Volume=30M Target=$11.25 Stop=$9.22

POSITION: TSM GU - July $7.50c (83 delta) &/or Stock

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