主题：04/15/2009 Market View -- 宁子

Upside:

Play Date: 04/15/2009

GLW (Corning--$14.70; +0.11; optionable): Flat panels, etc.

http://biz.yahoo.com/p/g/glw.html

After Hours: $14.61

EARNINGS: 04/27/2009

STATUS: Test 200 day SMA. GLW made us some money on its March run and it rallied into early April, peaking at 16 before the test the past week. It has held the late March peak on the test, closing at the 10 day EMA and showing a doji Wednesday on low volume. Excellent position for a new run higher and the hammer doji tells us to be ready for a move higher.

Volume: 9.659M Avg Volume: 19.628M

BUY POINT: $14.89 Volume=20M Target=$17.94 Stop=$13.97

POSITION: GLW HN - Aug. $14c (74 delta) &/or Stock

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

Play Date: 04/15/2009

ICE (Intercontinental Exchange--$86.80; +0.98; optionable): Energy exchnage

http://biz.yahoo.com/p/i/ice.html

After Hours: $86.77

EARNINGS: 05/05/2009

STATUS: Test 10 day EMA. ICE broke out from a 3 month double bottom with handle base to start April and rallied nicely up to 91. ICE made us some great money on the market part of the move, and now it is setting up to do it again. Nice test back to the 10 day EMA (84.65), holding that near support. Looking for a run to 100 off of this test.

Volume: 2.083M Avg Volume: 2.424M

BUY POINT: $87.44 Volume=3M Target=$99.92 Stop=$84.32

POSITION: ICE FQ - June $85c (63 delta) &/or Stock

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

Play Date: 04/15/2009

MU (Micron Technology--$4.50; +0.20; optionable): Semiconductor memory chips

http://biz.yahoo.com/p/m/mu.html

After Hours: $4.48

EARNINGS: 04/02/2009

STATUS: Trend reversal. Have tried our best to ignore MU in this recovery, and sure enough MU did not form anywhere near the best pattern of the chips coming off the lows. Nonetheless MU rallied into February and then formed a Double bottom w/handle through March and broke out late that month. It then rallied again to start April, spurred on by some pretty solid earnings. That move took MU over its long down trendline. It has since tested, coming back to the 18 day EMA (4.17) the past week or so, showing some great upside volume spikes as it holds the break over the old trendline. Volume jumped back above average Tuesday and again Wednesday as MU held the 18 day EMA and bounced. Looks ready to continues its breakout run.

Volume: 28.901M Avg Volume: 23.706M

BUY POINT: $4.64 Volume=30M Target=$5.92 Stop=$4.22

POSITION: MU GH - July $4c (70 delta) &/or Stock

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

Play Date: 04/15/2009

QLD (ProShares Ultra QQQ ETF--$30.72; -0.04; optionable)

After Hours: $30.72

STATUS: Test breakout. QLD gapped higher last Friday, breaking out of a 5 month base, finally making a higher high. It is testing that move this week, holding the 10 day EMA (30) on the close. Volume is lacking on the move, but we are looking to catch the next bounce higher up toward 35, and that does not necessarily need volume to succeed.

Volume: 24.75M Avg Volume: 35.081M

BUY POINT: $30.94 Volume=35M Target=$34.92 Stop=$29.28

POSITION: QLA GD - July $30c (61 delta) &/or Stock

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

New Buy Points on Current Positions:

Play Date: 04/15/2009

AAPL (Apple Computer--$117.64; -0.67; optionable)

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

After Hours: $117.90

EARNINGS: 04/22/2009

STATUS: Test 200 day SMA. Earnings are not far away, but AAPL is acting very nicely for another run to earnings. Very nice test of the 200 day (116.82) underway as AAPL tapped the 10 day EMA on the low and rebounded, showing a nice doji that filled the Friday gap. No real volume on this move; no volume the past 4.5 months. Thus we are looking to play AAPL as it makes the next move higher.

Volume: 14.751M Avg Volume: 26.063M

BUY POINT: $117.89 Volume=25M Target=$132.77 Stop=$115.44

POSITION: QAA GC - July $115c (61 delta) &/or Stock

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

Play Date: 04/15/2009

DRIV (Digital River--$33.41; +0.15; optionable): Internet services

http://biz.yahoo.com/p/d/driv.html

After Hours: $33.41

EARNINGS: 04/29/2009

STATUS: Test 10 day EMA. DRIV broke out in early March from a 5 month base and has stair-stepped up the 10 day EMA (32.48). It is making its third test of the 10 day after the breakout. Stocks tend to make 4 to 5 such runs on a strong breakout and we are looking to capture those runs as we focus funds into winning stocks on good moves. Plenty of time before its earnings to put in another good move.

Volume: 468.724K Avg Volume: 669.056K

BUY POINT: $33.66 Volume=800K Target=$37.95 Stop=$32.34

POSITION: DQI FF - June $30c (72 delta) &/or Stock

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

Play Date: 04/15/2009

QCOM (Qualcom--$40.90; +0.10; optionable): Telecom licensing, etc.

http://biz.yahoo.com/p/q/qcom.html

After Hours: $40.95

EARNINGS: 04/22/2009

STATUS: Test 200 day SMA. Great breakout and run in March that made us some great money. QCOM broke the 200 day (40.42) to start April, tested by giving it up, but then gapped over that level again last Friday. This week it is testing, trading in a tight range along the 200 day. It is moving to the March up trendline; the combination of the two looks ready to send QCOM higher once more.

Volume: 15.442M Avg Volume: 23.215M

BUY POINT: $41.28 Volume=24M Target=$44.95 Stop=$39.55

POSITION: AAO GF - July $41c (56 delta) &/or Stock

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