主题：1/8/2009 Market View -- 宁子

Upside:

Play Date: 01/08/2009

BHI (Baker Hughes--$37.12; +1.20; optionable): Oil and gas service company

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

EARNINGS: 1-28-09

STATUS: Cup w/handle. Nice break higher Monday and Tuesday on strong volume, moving through the 50 day EMA (34.83) on that strong surge. Wednesday and Thursday it tested the 50 day on the low and bounced. Nice 12 week base formed at the bottom of the July to December selloff and setting up for a run up toward 48 to fill the gap lower from early October. Very solid and love the price/volume action here in this base.

Volume: 4.425M Avg Volume: 6.774M

BUY POINT: $37.38 Volume=8.5M Target=$43.95 Stop=$34.76

POSITION: BHI DG - Apr. $35c (64 delta) &/or Stock

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

Play Date: 01/08/2009

DRYS (Dryships--$15.13; +2.17; optionable): Bulk dry goods shipping

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

EARNINGS: Early February

STATUS: Ascending base. We played DSX for a modest gain, but DRYS has set up better and one of our subscribers pointed it out. While DRYS has been dismissed on some of the television trading shows, this is an excellent base showing great price/volume action. DRYS was a hot 2006 and 2007 stock, then has a tough 2008 as the commodities trade fell dead. After dumping hard into October, it has formed a 10 week base and is making higher lows along the 10 and 18 day EMA. Volume surged this year as the commodities trade picked up. Nice low volume test Wednesday and then a higher volume jump Thursday. Money flow is scorching. Looking to move in as it continues higher on strong trade.

Volume: 31.785M Avg Volume: 14.818M

BUY POINT: $15.34 Volume=20M Target=$22.31 Stop=$14.27

POSITION: OOC FC - June $15c (52 delta) &/or Stock

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

Play Date: 01/08/2009

QCOM (Qualcom--$35.28; -0.27; optionable): Telecom equipment

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

EARNINGS: Early February

STATUS: Test breakout. QCOM surged for us through Tuesday, letting us some bank some solid gain. Then it faded and we set our sights on picking it up as it rebounds. Showed a nice doji with tail Thursday and looking for a strong move through the 50 day EMA (35.53) to give us the buy.

Volume: 16.353M Avg Volume: 24.097M

BUY POINT: $35.68 Volume=26M Target=$39.95 Stop=$34.35

POSITION: AAO DG - Apr. $35c (54 delta) &/or Stock

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

Play Date: 01/08/2009

SOX (Philly Semiconductor Index--$222.53; -0.59; optionable)

STATUS: Test 50 day EMA. Nice break higher this week, clearing the December high and the 50 day EMA (220). Wednesday and Thursday it came back to test, undercutting the 50 day but then rebounding to close over it. That shows a doji on the candlestick chart, and that indicates the index is in position to bounce, showing some momentum change. Looking to pick off SOX as it rebounds and moves toward the November high at 247.76. A move to the target lands a 55%ish gain.

BUY POINT: $223.38 Target=$245.00 Stop=$219.91

POSITION: BJH CW - Mar. $220c (58 delta)

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

New buy point on current position:

Play Date: 01/08/2009

PCU (Southern Copper--$17.54; -0.20; optionable): Cooper

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

EARNINGS: Late January

STATUS: Cup w/handle. Looking to buy some more of PCU as it forms the handle to a 14 week base. It broke higher Monday, clearing the November and December peaks. It faded back and Thursday showed a nice tight doji on the candlestick chart just over support at the 10 day EMA. Excellent upside volume strength this year. Nice volume jump Thursday on the doji. Looking for the break higher on some trade to give us the buy. Very nice.

Volume: 5.815M Avg Volume: 6.762M

BUY POINT: $18.08 Volume=7.2M Target=$24.95 Stop=$16.81

POSITION: PCU CW - Mar. $17.50c (58 delta) &/or Stock

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