• December
• November
• October
• September
• August
• July
• June
• May
• April
• March
• February
• January

Chart of the Day for THURSDAY  07-29-04

E-Mail MarketReport@MindOverMarket.com for the FREE Letter, Market Masters short-term sentiments, setup numbers for the Mondays COD & Seminar Dates

INSP: Wednesday the stock traded down for the day and closed at ($28.50) off (-$2.24) . Last night, 10 minutes after the close INSP was halted. The Co then, reported their Q2 (Jun) earnings of $0.27 per share, excluding a net gain of $3.7 mln or approx $0.10, $0.13 better than the consensus of $0.14; revenues rose 71.6% year/year to $54.4 mln vs the $49.3 mln consensus. The company issues upside guidance for Q3 (Sep), sees EPS of $0.22-0.27, vs. consensus of $0.21, and revenues of $60-64 mln, vs consensus of $55.8 mln; sees Y04 EPS of $0.97-1.08, vs consensus of $0.80, and revs of $227-237 mln, vs consensus of $217.1 mln.  the stock was then reopend at 4:39 ET, with a first print of 10800 shares at $30.74 then $34.00 started to print in smaller size. After-hours activity;  MOM research Admins took notice that some muscle players started slowly buying-up the stock right after the halt was lifted on low volume. The stock then started to run muscle players came in forceing the stock moved to the upside. MOM research Admins alerted our members of this move emphasized before the move up. The stock then exploded to the upside to hit $36.40 into and during the after hours.  The stock finished the post market session at $34.93. Let take a technical look at the numbers for today's trading.  Above $35.20 with conformation @ $35.30 the stock can make an upside move to $35.63, $35.79 then $35.96 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $36.35, $36.51 with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $34.71 with conformation at $34.60 the stock can slide to see $34.21, $34.06 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. The Co, also stated "We had a tremendous quarter and are once again raising guidance for 2004," said Jim Voelker, chairman and chief executive officer of InfoSpace, Inc. "We had substantial growth in revenue and cash flow from our search distribution, directory and mobile businesses. With the acquisitions of Switchboard and Atlas Mobile as well as new business with Verizon Wireless and Dex Media, we are capitalizing on the expanding opportunities in our markets." Also this morning the Co, was upgraded at Piper Jaffray to outperform from market perform.

ECO news for Thursday the 29th – At 8:30 ET Jobless Claims will be posted , Consensus are 340K, New jobless claims decreased 11,000 in the week ended July 17 to 339,000, bringing the 4-week moving average down to 336,750. A variety of special factors have caused more weekly volatility than normal around this time of year. Perhaps claims are back on track and once again reflecting current conditions. At 8:30 ET   Employment Cost Index will be posted – consensus are 0.9%; The employment cost index rose 1.1 percent in the three months ending April, putting the yearly rise at 3.8 percent. Wages & salaries rose a modest 0.6 percent for the quarter, but benefits costs jumped 2.4 percent. Wages & salaries are likely to continue their modest gains, but benefits costs may moderate in the second quarter as the largest gains for this component are often in the first quarter.

Globex futures have been trending to the upside across the board from 1:00 am ET.

INSP: (http://infospace.com) Infospace, Inc. is a diversified technology and services company that consists of two principal businesses, Search and Directory and Mobile. Its Search and Directory properties are designed primarily to enable Internet users to locate information, merchants, individuals and products online. Its Mobile division develops applications, tools and infrastructure that enable wireless carriers and information, entertainment and media companies to develop and deliver mobile data services across multiple devices. It previously operated a third business, Payment Solutions, which offered products and services focused primarily on the e-commerce and mail order/telephone order segment of the United States credit card transaction processing market. In April 2004, the Company sold its Payment Solutions business to Lightbridge, Inc., a provider of technology services and software that manage customer transactions. Infospace has facilities in the United States, the Netherlands and the United Kingdom

 

Chart of the Day for WEDNESDAY  07-28-04

CREE: Tuesday, the stock traded down to closed at ($20.56) plus (+$2.28). Last night just before the close the Co, Reported their Q4 (Jun) earnings of $0.28 per share, $0.05 better than the consensus of $0.23; revenues rose 41.8% year/year to $90.9 mln vs the $86.9 mln consensus. The company also issued upside guidance for their Q1 (Sep) and sees their EPS of $0.26-0.28 vs. consensus of $0.23 on revs $95-97 mln of vs. the consensus of $90.8 mln. After-hours activity; MOM research Admins took notice that some muscle players started slowly buy-up the stock before and right after the close on high volume. The stock then started to run up were first call players got the news before it hit the DJ news wire forcing the stock moved to the upside. MOM research Admins alerted our members of a long tirgger at $20.75-85 area. The stock then exploded to the upside to top out at $22.24 into and during the Co's, earnings conference call.  MOM research Admins alerted our members that the stock would pull back then run into the conference calls the Q& A session and get above the $22.00 area on the. The stock finished the the post mearket session at $24.20. Let take a technical look at the numbers for today's trading.  Above $22.32 with conformation @ $22.41 the stock can make an upside move to $22.67, $22.85 then $22.97 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $23.13, $23.25 then $$$$ with conformation at $$$$  the stock can run to $$$$ then $$$$. Look for a short trigger at $22.16 with conformation at $22.02 the stock can slide to see $21.83, $21.70 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. Also Chuck Swoboda, President and CEO of Cree stated, "We reported record revenue and earnings for the quarter and year which exceeded our targets. Our 18 percent sequential growth in revenue was led by very strong LED chip demand from our customers. We are particularly pleased that these higher sales, combined with lower LED unit costs, provided our highest gross margin in over three years at 52 percent of revenue. As we move forward, we believe our business has the opportunity for strong revenue and profitability growth based on our pipeline of brighter LED products currently in development, anticipated lower LED costs due to our three-inch wafer conversion and other cost reduction efforts. With over 85 percent of our Q1 sales target already booked, we believe the company is well positioned for a strong start to fiscal year 2005." Also Schwab upgraded the Co, to a neutral from underperform this morning.

Keep in mind today -- Wednesday the 28th –  At 8:30 ET  Durable Goods Orders numbers will be posted; consensus 1.5%.  Durable goods orders fell 1.8 percent in May after declining 2.7 percent in April. While orders are notoriously volatile, the two-month drop was disconcerting. Among the major industry groups, only primary metals increased in May.

Globex futures have been trending modestly to the downside across the board from 1:00 am ET.

CREE: (www.cree.com) Cree, Inc. develops and manufactures semiconductor materials and devices based on silicon carbide (SiC), group III nitrides (GaN), silicon and related compounds. Its SiC and GaN materials technology is the basis for many of the core devices that the Company develops and produces. The physical and electronic properties of SiC and GaN, such as higher-voltage and higher-thermal conductivity, offer technical advantages over traditional silicon, gallium arsenide (GaAs), sapphire and other materials for certain electronic applications. The Company has products commercially available in each of these categories except for near-UV lasers. It also manufactures silicon RF transistors and modules. Cree operates its business in two segments, the Cree segment, which consists of its SiC-based products and research contracts, and the Cree Microwave segment, which includes silicon-based RF transistors and RF transistor modules.

 

Chart of the Day for TUESDAY  07-27-04

NVTL: Monday, the stock traded down to closed at ($18.76) plus (-$1.53). The Co. then reported their Q2 (Jun) earnings of $0.11 per share, $0.05 better than the consensus of $0.06; revenues rose 59.6% year/year to $24.1 mln vs the $20.6 mln consensus. After-hours activity; MOM research Admins took notice that some muscle players started slowly buy-up the stock right after the close on low volume. The stock then popped to the upside where first call players got the news before it hit the DJ news wire, forcing the stock to moved to the upside to hit right above the MOM research Admins target of $21.15 right below the post market high of $21.17. the stock then pulled back to close the post market session at $20.20. Let take a technical look at the numbers for today's trading.  Above $20.29 with conformation @ $20.39 the stock can make an upside move to $20.50, $20.75 then $20.88 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $21.00 then $21.20 with conformation at $$$$  the stock can run to $$$$ then $$$$. Look for a short trigger at $20.10 with conformation at $19.98 the stock can slide to see $19.79, $19.60 then $$$$ and $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. The Co said "Our record results in the second quarter demonstrate the rapid growth of our market, our clear leadership position and profitably expanding market share, our growing partnerships with many leading carriers and the strong operating leverage in our business model". Co sees Q3 EPS of $0.13-0.14 and revs of $28-29 mln,  consensus is $0.08 and $25 mln, respectively. Co also states that, "Fourth quarter revenues should benefit from initial volume shipments of EV-DO products to Verizon Wireless, which should ramp to full production throughout the fourth quarter and into the first quarter of 2005. Given the strong demand, we currently anticipate that revenues for 2004 will almost triple from the prior year to approximately $100 million", Reuters consensus is $90 mln.

Keep in mind today, – Tuesday the 27th – At 10:00 ET Consumer Confidence will be posted, consensus are 102;  The Conference Board's consumer confidence index jumped almost 9 points in June to reach 101.9, its highest level in two years. At 10:00 ET  New Home Sales will be posted; the Consensus are 1.25M.   New single-family home sales surged 14.8 percent in May to a 1,369,000-unit rate, more than reversing the previous month's drop and catapulting new home sales to a new peak.

This morning, Globex futures have been trending to the upside across the board from 1:00 am ET.

NVTL: (www.novatelwireless.com) Novatel Wireless, Inc. is a provider of wireless broadband access solutions for the worldwide mobile communications market. The Company's range of products includes wireless data modems and software for laptop personal computers (PCs), embedded wireless modules for original equipment manufacturers (OEMs), and ruggedized wireless data modems for public safety and telemetry applications. Through the integration of its hardware and software, Novatel's products are designed to operate on most global wireless networks, and provide mobile subscribers with secure access to data, including corporate, public and personal information through the Internet and enterprise networks.

 

Chart of the Day for MONDAY 07-26-04 

IMCL: Friday the stock trended down to close at ($66.04) off (-.64c). Over the weekend Smith Barney downgraded IMCL to a hold from a buy.  Royalty obligations for IMCL for Erbitux could be 6.5% instead of projections of 1.5%.  Smith also lowered their target to $72 from $90. Belief is that estimates on the street do not account for this and expectations are for the stock to be weak pending more clarification from the company. MOM research Admins see the stock to move to the downside on this news. On the other hand if the market get a well dew bounce the stock will bounce on short covering and opportunists looking to catch the squeeze after last weeks smackdown. Lets take a look at the numbers for this morning. Below $65.71 with conformation @ $65.50 the stock can make a downside move to $65.18 then $65.00 providing the futures are moving down from the premarket open at 8:00 am ET into the 9:30 market open. If so other downside numbers are $64.65, $64.36 with conformation at $$$$ the stock can fall to $$$$ then $$$$. Look for a long trigger at $66.30 with conformation at $66.51 the stock can pop up to see $66.68, $67.16, $$$$ then $$$$ (For more LIVE blow by blow commentary and more numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. 

Just a note: Keep focused on market trend from this point to get clear direction. Remember, before you make any trades, you should check for news on other stocks in the same sector as that the stock you are trading. This news may affect the stock you are trading. Also, stocks tend to resist or support on the round number. Stocks without news need futures direction with trend. Stocks will follow the natural algorithm of the markets movement and usually move to the above numbers, hitting triggers and targets.

Keep in mind today for Monday the 26th–  At 10:00 ET Existing Home Sales will be posted, consensus are 6.55M; Existing single-family home sales rose 2.6 percent in May to a 6.8 million-unit rate, the fourth consecutive monthly rise.

Futures have been up this morning from 1 am ET.

IMCL (http://www.imclone.com) ImClone Systems Incorporated is a biopharmaceutical company involved in advance oncology care by developing a portfolio of targeted biologic treatments designed to address the medical needs of patients with cancer. It focuses on three strategies for treating cancer: growth factor blockers, angiogenesis inhibitors and cancer vaccines. The Company's lead product, ERBITUX (Cetuximab), is an antibody which has been approved by the United States Food and Drug Administration (FDA) for use in combination with irinotecan in the treatment of patients with epidermal growth factor receptor (EGFR)-expressing, metastatic colorectal cancer who are refractory to irinotecan-based chemotherapy, and for use as a single agent in the treatment of patients with EGFR-expressing, metastatic colorectal cancer who are intolerant to irinotecan-based chemotherapy.
 

Chart of the Day for FRIDAY  07-23-04

YELL: Thursday the stock traded up for the day in a choppy off market to closed at ($39.79) off (-$1.32c). Last night after the close the Co reported Q2 (Jun) earnings of $0.97 per share, $0.07 better than the consensus of $0.90; revenues rose 134.7% year/year to $1.67 bln vs the $1.63 bln consensus. Company issues upside guidance for Q3 (Sep), sees EPS of $1.20-1.25 vs. Reuters Estimates consensus of $1.05; for Y04 sees $3.70-3.75 vs consensus $3.31 on revs of $6.7 bln, consensus $6.65 bln. After-hours activity;  MOM research Admins took notice that some muscle players started slowly buying-up the stock right after the close on low volume. The stock then started to run up where first call players got the news before it hit the DJ news wire forcing the stock moved to the upside. MOM research Admins alerted our members of a long trigger at $40.00 area. The stock then exploded to the upside to hit $41.98 before pulling back finished the post market session at $41.95. Let take a technical look at the numbers for today's trading.  Above $41.76 with conformation @ $42.00 the stock can make an upside move to $42.26, $42.48 then $43.02 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $$$$ with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $41.11 with conformation at $40.98 the stock can slide to see $40.65, $40.26, $$$$ then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. 

Friday the 23rd At 9:00 ET~ The Chicago Federal Reserve Bank President Michael Moskow will speak about U.S. economic conditions at a Winston & Strawn/A.G. Edwards seminar, in Chicago. No major EOC news will be posted otherwise.  

Globex futures have been trending to the upside across the board from 1:00 am ET.

YELL: (www.yellowcorp.com) Yellow Roadway Corporation offers its customers a range of asset-based and non-asset-based transportation services through wholly owned operating subsidiaries. Yellow Technologies, Inc., a captive corporate resource, offers technology solutions and services exclusively for Yellow Roadway companies. Its subsidiaries are Yellow Transportation, Inc., Roadway Express, Inc., New Penn and Meridian IQ, Inc., all of which are Yellow Roadway Corporation's subsidiaries, as well. Yellow Transportation offers services for the movement of industrial, commercial and retail goods. Roadway Express offers long-haul, interregional and regional less-than-truckload (LTL) freight services on two-day and beyond lanes. New Penn is a regional, next-day, ground LTL carrier of general commodities. Meridian IQ is a non-asset global transportation management company that plans and coordinates the movement of goods worldwide to provide customers a single source for transportation management solutions.

 

Chart of the Day for THURSDAY  07-22-04

FFIV: Wednesday the stock traded down for the day and closed at ($22.40) plus (-.77c) . Last night after the close The Co, Reports Q3 (Jun) earnings of $0.20 per share, $0.02 better than consensus of $0.18; revenues rose 51.6% year/year to $44.2 mln vs the $43.4 mln consensus. The Co also issues upside guidance for Q4 (Sep), sees EPS of $0.20-0.22 ex items, vs. Reuters Estimates consensus of $0.17. After-hours activity;  MOM research Admins took notice that some muscle players started slowly buying-up the stock right after the close on low volume. The stock then started to run up where first call players got the news before it hit the DJ news wire forcing the stock moved to the upside. MOM research Admins alerted our members of this move emphasized before the move up. The stock then exploded to the upside to hit $24.45 into and during the Co's, earnings conference call.  The stock finished the post market session at $24.39. Let take a technical look at the numbers for today's trading.  Above $24.50 with conformation @ $24.65 the stock can make an upside move to $24.83, $25.00 then $25.25 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $25.33 with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $24.27 with conformation at $24.21 the stock can slide to see $24.06 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}.

ECO news for Thursday the 22nd –  At 8:30 ET Jobless Claims numbers will be posted, Consensus are 355K, New jobless claims increased 40,000 in the week ended July 10 to 349,000, At 10:00 ET Leading Indicators numbers will be posted – consensus are 0.1%.

Globex futures have been trending to the downside across the board from 1:00 am ET.

FFIV: (www.f5.com) F5 Networks, Inc. develops, manufactures and sells products and services to help companies efficiently and securely manage their Internet traffic, as well as the access and use of their intranet-based software applications. Its application traffic management products, including the BIG-IP Controller, 3-DNS Controller and BIG-IP Link Controller, help manage Internet traffic to servers and network devices in a way that maximizes the availability, scalability and throughput of those network components and the applications that run on them. The Company's FirePass family of network server appliances provides secure user access to corporate networks and individual applications through any standard Web browser. This line of network of servers was acquired by the Company through its July 2003 acquisition of uRoam, Inc. F5 Networks markets and sells its products primarily to enterprise customers in the financial services, manufacturing, transportation and mobile telecommunications sectors.

 

Chart of the Day for WEDNESDAY  07-21-04

WEBX: Tuesday, the stock traded up to closed at ($18.40) plus (+$1.04). After the market closed, WEBX Reported their Q2 (Jun) earnings of $0.22 per share, $0.01 better than the consensus of $0.21; revenues rose 36.1% year/year to $61.1 mln vs the $60.2 mln consensus. Company issues in-line guidance for Q3 (Sep), sees EPS of $0.21-0.23 vs. consensus of $0.22 on revs $62-65 mln vs. the consensus of $62.9 mln.  For Y04 company raises EPS range to $0.86-0.92 from $0.80-0.90 vs consensus of $0.87. Co raises Y04 revenue range to $240-250 mln from $235-245 mln vs the consensus of $245.2 mln.  After-hours activity;  MOM research Admins took notice that some muscle players started slowly buy-up the stock right after the close on low volume. The stock then exploded and the volume surged to the upside to hit $21.20 were first call players got the news before it hit the DJ news wire forcing the stock moved to the upside to top out at $30.34.  The stock finished the post market session at $30.29.  Let take a technical look at the numbers for today's trading.  Above $21.21 with conformation @ $21.28 the stock can make an upside move to $21.39, $21.66 then $21.77 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $21.94 then $$$$ with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $21.00 with conformation at $20.93 the stock can slide to see $20.74, $20.63 then $$$$ and $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}.

Keep in mind today, – Wednesday the 21th –  At  10:00 ET  Greenspan Congressional testimony, Part II will resume.  Federal Reserve Chairman Alan Greenspan is scheduled to present the second half of his second monetary policy report to Congress (the first was delivered in February).

This morning, Globex futures have been trending modestly to the upside across the board from 1:00 am ET.

WEBX: (www.webex.com) WebEx Communications, Inc. develops and markets services that allow end users to conduct meetings and share software applications, documents, presentations and other content on the Internet using a standard Web browser. Integrated telephony and Web-based audio and video services are also available using standard devices such as telephones, computer Web cameras and microphones. The Company's Web communications services provide a range of features that build on the real-time functionality and capabilities of the WebEx MediaTone Network. The WebEx MediaTone Network is a private, global-switched, redundant network that is designed to deliver scalable, secure, real-time communications services to its customers by capturing screen data from a meeting presenter's computer, translating that information into a proprietary format and routing that information through WebEx switching clusters to the meeting session participants.
 

Chart of the Day for MONDAY 07-19-04 

FILE: Friday the stock trended down to close at ($20.35) off (-.49c). FileNET (FILE) will announce second-quarter revenue this morning. Reuters consensus are looking for 0.04. If we beat by 0.05 or better MOM research Admins see the stock to move to the up side on short covering and opportunists looking to catch the squeeze after the July 7th smackdown. If the earnings post is less then 0.04 the stock will see a pull back. Remember the stock was slammed down on July 7th dew to the Co making a preannouncement the night before. The Co, Q2 revenue of $93-$95M, consensus is $100M and EPS on a GAAP basis between $0.03-$0.05 posted was. The next morning the stock got crushed and downgraded by ThinkEquity from a buy to an Accumulate and McDonald Investments downgraded the stock to a hold from buy. Citing their preannouncement on July 6th. MOM research Admins sees this as a plus in a uptrending market.  Lets take a look at the numbers for this morning. Above $20.49 with conformation @ $20.56 the stock can make an upside move to $20.84  then $21.05 providing the futures are moving to the upside from the premarket open at 8:00 am ET into the 9:30 market open. If so other upside numbers ar $21.22, $21.51 with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $20.16 with conformation at $19.89 the stock can slide to see $19.76, $19.50 then $$$$ (For more LIVE blow by blow commentary and more numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. Also the Co, announced this morning that Q2 $0.05 vs First Call $0.04 (20.35) Revenues were $94.1M vs First Call $93.3M.  

Just a note: Keep focused on market trend from this point to get clear direction. Remember, before you make any trades, you should check for news on other stocks in the same sector as that the stock you are trading. This news may affect the stock you are trading. Also, stocks tend to resist or support on the round number. Stocks without news need futures direction with trend. Stocks will follow the natural algorithm of the markets movement and usually move to the above numbers, hitting triggers and targets.

Keep in mind today for Tuesday the 20th–  At 8:30 ET Housing Starts numbers will be posted, consensus  are 1.98M;  Housing starts decreased 0.7 percent in May to a 1.97 million-unit rate after recording a modest 0.9 percent drop in April.

Futures have been up this morning from 1 am ET.

FILE (www.filenet.com) FileNet Corporation develops, markets, sells and supports a software platform and framework for Enterprise Content Management (ECM). During 2003, the Company focused its development efforts on enhancing and integrating the capabilities of the FileNet P8 architecture and bringing this architecture to market. FileNet P8 provides users the ability to easily configure, design, build and deploy a variety of ECM solutions to meet a range of content management and business process management needs within a single scalable framework. The Company also manufactures and markets an optical storage and retrieval library product. In addition, it provides customer support and professional and education services to end users of its products.
 

Chart of the Day for FRIDAY  07-16-04

RMBS: Thursday the stock traded up for the day in a choppy off market to closed at ($15.29) plus (+.66c). Last night after the close the Co reported financial results for the second quarter of 2004. Earnings per share for the quarter were 8 cents, compared to 4 cents in the second quarter last year and 7 cents in the previous quarter. Net income for the second quarter was $8.3 million (24% of revenue), compared to $4.5 million in the second quarter last year and $8.3 million in the previous quarter. Revenue for the second quarter was $35.0 million, up 20% over the same quarter last year and up 7% from the previous quarter.  After-hours activity;  MOM research Admins took notice that some muscle players started slowly buying-up the stock right after the close on high volume. The stock then started to run up where first call players got the news before it hit the DJ news wire forcing the stock moved to the upside. MOM research Admins alerted our members of a long trigger at $15.35-40 area. The stock then exploded to the upside to hit $17.00 before pulling back on a knee-jerk reaction to the earning post to then bottom at 16.63 before bouncing and rocketing back up top out at $17.45 into and during the Co's, earnings conference call.  MOM research Admins alerted our members that the stock would pull back then run into the conference calls the Q& A session and did. The stock finished the post market session at $17.34. Let take a technical look at the numbers for today's trading.  Above $17.39 with conformation @ $17.53 the stock can make an upside move to $17.73, $17.99 then $18.25 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $18.40 with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $17.25 with conformation at $17.14 the stock can slide to see $17.09, $16.94, $$$$ then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}.  "This was a very successful quarter with record revenue," said Geoff Tate, chief executive officer of Rambus. "We are delighted with the new Cadence relationship announced today which strengthens our serial link portfolio and gives us the opportunity to reach many new potential customers. Earlier in the quarter, we announced the addition of DDR and DDR2 interfaces to our technology portfolio. Also, our long-standing relationship with Elpida now includes an extended and expanded patent license into 2008 for DDR, DDR2 and FB-DIMM memory types." On the conference call, company puts Q3 (June) revenues at $36-39 mln versus the  consensus of $34 mln. Q3 Guidance Adds that operating costs should be $26-30 mln, and that spending is likely to be up due to (among other things) amortization and litigation and other expenses. Estimates litigation will come in at $4-6 mln. Also, CDN announce agreements to offer solutions for the serial link interface market~Rambus is acquiring serial link intellectual property from CDN to incorporate into its existing RaSer product line of serial link cells.

Friday the16th – At 8:30 ET The Consumer Price Index numbers will be posted, consensus are 0.2%, less food and energy (for those of you who don’t live in a house or drive a car!) 0.2%; At 9:45 ET The Consumer Sentiment number will be posted, consensus are 97.0, The University of Michigan's consumer sentiment index jumped more than five points in June to 95.6 from a level of 90.2 in May. Also the Dell Annual Meeting of Shareholders will be hels today.

Globex futures have been trending to the upside across the board from 1:00 am ET.

RMBS: (www.rambus.com) Rambus Inc. creates a range of chip-to-chip interface technologies that enhance the performance and cost-effectiveness of its customers' semiconductor and system products. The Company's interface solutions can be grouped into two major categories, memory interfaces and logic interfaces. Memory interface solutions provide an interface between memory chips and logic chips. Logic interface solutions provide an interface between two logic chips. These advanced chip-to-chip interface solutions increase the data transfer rate between semiconductor chips, improving performance and reducing systems costs. Rambus' interface solutions are RDRAM (Rambus dynamic random access memory) Interface, XDR (extended dynamic range) DRAM Interface, RaSer Interface and Redwood Logic Interface. They are used in a range of computing, consumer electronics and communications applications.

 

Chart of the Day for THURSDAY  07-15-04

AAPL: Wednesday the stock traded up for the day and closed at ($29.46) plus (+.48c) . Last night after the close the Co Reported their financial results for its fiscal 2004 third quarter ended June 26, 2004.  Q3 (Jun) earnings of $0.17 per share, excluding $0.01 charge, came in $0.02 better than the consensus of $0.15; revenues rose 30.4% year/year to $2.01 bln vs the $1.94 bln consensus. Company issues in line guidance for Q4 (Sep), sees EPS of $0.17-0.18, ex items, vs. consensus of $0.17, and revs of $2.1 bln, vs consensus $2.04 bln. IPod shipments were 860,000, consensus 876,000, with estimates ranging from 810,000 to 910,000. After-hours activity;  MOM research Admins took notice that some muscle players started slowly buying-up the stock right after the close on high volume. The stock then started to run up where first call players got the news before it hit the DJ news wire forcing the stock moved to the upside. MOM research Admins alerted our members of a long trigger at $29.60-70 area. The stock then exploded to the upside to hit $30.72 before pulling back on a knee-jerk reaction to the earning post to then bottom at 28.71 before bouncing and rocketing back up top out at $31.70 into and during the Co's, earnings conference call.  MOM research Admins alerted our members that the stock would pull back then run into the conference calls the Q& A session and did. The stock finished the post market session at $31.55. Let take a technical look at the numbers for today's trading.  Above $31.75 with conformation @ $31.90 the stock can make an upside move to $32.31, $32.51 then $32.77 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $33.00 with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $31.42 with conformation at $31.18 the stock can slide to see $31.08 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}.  Steve Jobs, Apple's CEO said " It was an outstanding quarter-our highest third quarter revenue in eight years,". "Our Mac-based revenue grew a healthy 19 percent, and our music-based revenue grew an incredible 162 percent. We've got a strong product portfolio, with some amazing new additions coming later this year.""We were very pleased with our 30 percent year-over-year revenue growth and our operating margin expansion," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth quarter of fiscal 2004, we expect revenue of about $2.1 billion and earnings per diluted share of $.16 to $.17, including $.01 per diluted share in restructuring charges."

Thursday the 15th–  At 8:30 ET Jobless Claims number will be posted, Consensus 345K, New jobless claims plunged 39,000 in the week ended July 3 to 310,000, bringing the 4-week moving average to 336,000. NY Empire State Index number will be posted– consensus 26.0, The empire state manufacturing survey remained unchanged in June as the general conditions index amounted to 30.2, a level consistent with healthy growth.  Business Inventories number will be posted– consensus 0.5%, Business inventories increased 0.6 percent in April, with manufacturers' inventories rising 0.5 percent, retail trade inventories increasing 1.1 percent, and wholesale trade inventories dipping 0.1 percent. Producer Price Index  number will be posted– consensus 0.2%, The producer price index jumped 0.8 percent in May after posting a nearly as large 0.7 percent hike in April. Both food and energy price hikes contributed to the spurt. 9:15 ET  Industrial Production number will be posted, consensus 0.0%, capacity utilization rate consensus 77.7%; The index of industrial production increased 1.1 percent in May after a 0.8 percent hike in April, continuing a healthy production growth path. 12:00 ET Philadelphia Fed Survey number will be posted, The Philadelphia Fed's business outlook survey showed healthy growth in June as the general conditions index increased to 28.9 from a level of 23.8 in May. Also the Credence Systems Analyst Meeting; Belden Annual Meeting of Shareholders will be hel today.

Globex futures have been trending to the upside across the board from 1:00 am ET.

AAPL: (www.apple.com) Apple Computer, Inc. designs, manufactures and markets personal computers (PCs) and related software, peripherals and personal computing and communicating solutions. Its products include the Macintosh line of desktop and notebook computers, the Mac OS X operating system, the iPod digital music player and a portfolio of software and peripheral products for education, creative, consumer and business customers. The Company sells its products through its online stores, direct sales force, third-party wholesalers and resellers and its own retail stores. As of September 30, 2003, Apple operated 65 retail stores. In addition to its own hardware and software products, the Company's retail stores carry a variety of third-party hardware and software products.
 

Chart of the Day for WEDNESDAY  07-13-04

JNPR: Tuesday, the stock traded down to closed at ($22.00) off (-.28c). Last night after the close the Co, reported its results for the quarter ending June 30, 2004. Net revenues for the second quarter were $306.9 million, compared with $165.1 million for the same period last year, an increase of 86 percent. Also the Co, announced that its board of directors approved a new program to repurchase up to $250 million of the company's common stock.  After-hours activity; MOM research Admins took notice that some muscle players started slowly buy-up the stock right after the close on high volume. The stock then started to run up were first call players got the news before it hit the DJ news wire forcing the stock moved to the upside. MOM research Admins alerted our members of a long tirgger at $22.15-25 area. The stock then exploded to the upsode to top out at $24.75 into and during the Co's, earnings conference call.  MOM research Admins alerted our members that the stock would pull back then run into the conference calls the Q& A session and get above the $24.25 area on the. The stock finished the the post mearket session at $24.15. Let take a technical look at the numbers for today's trading.  Above $24.25 with conformation @ $24.40 the stock can make an upside move to $24.60, $24.84 then $25.07 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $25.28 then $$$$ with conformation at $$$$  the stock can run to $$$$ then $$$$. Look for a short trigger at $24.00 with conformation at $23.74 the stock can slide to see $23.57 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. Also the Co, expects its third-quarter earnings and revenue to come in ahead of analysts' estimates, the network-equipment maker's CFO said September-quarter sales should be between $366 million and $370 million while the firm's per-share profit, excluding some costs, should be 11 cents, CFO Marcel Gani said during a conference call to discuss Juniper's second-quarter results he expects gross margin of 69-70%.

Keep in mind today -- Wednesday the 14th–  At 8:30 ET Retail Sales numbers will be posted, consensus are 0.2%, Retail sales jumped 1.2 percent in May, boosted by a healthy gain in motor vehicle sales. Also the SEMICON West- Final Manufacturing meeting will be held; Oracle Analyst Meeting and the SMSC Annual Meeting of Shareholders will be held today.

Globex futures have been trending to the downside across the board from 1:00 am ET.

JNPR: (www.juniper.net) Juniper Networks, Inc. designs and sells products and services that together provide its customers with Internet protocol network infrastructure solutions. The Company's solutions are incorporated into the global web of interconnected public and private networks across which a variety of media, including voice, video and data, travel to and from end users around the world. The Company's network infrastructure solutions enable service providers and other network-intensive businesses to support and deliver services and applications on an integrated network. Its customers include service providers, government organizations, cable operators, mobile operators, research and education institutions and network-intensive businesses. In April 2004, the Company acquired NetScreen Technologies, Inc., a developer of network security and access solutions for enterprises and carriers worldwide.
 

Chart of the Day for TUESDAY  07-13-04

YHOO: Monday, the stock traded up to closed at ($30.26) plus (+.04c). The Co, said after the close last night it had acquired Oddpost, which offers a Web-based subscription email service and news reader, with plans to incorporate Oddpost's technology into its own email system and other offerings. Also Bacn of America initiated the Co, with a buy and put a $39 target on YHOO. After-hours activity;  MOM research Admins took notice that some muscle players started slowly buy-up the stock right after the close on low volume. The stock then trended modestly to the upside to hit  $30.20 were first call players got the news before it hit the DJ news wire forcing the stock moved to the upside to top out at $30.34.  The stock finished the the post mearket session at  $30.29.  Let take a technical look at the numbers for today's trading.  Above $30.56 with conformation @ $30.66 the stock can make an upside move to $30.80, $30.98 then $31.19 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $30.50 then $$$$ with conformation at $$$$  the stock can run to $$$$ then $$$$. Look for a short trigger at $30.10 with conformation at $29.98 the stock can slide to see $29.63 then $$$$ and $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}.

Keep in mind today, – Tuesday the 13th –  At 8:30 ET tne International Trade numbers will be posted, consensus –48.58, The international trade deficit on goods and services widened to $48.3 billion in April after posting a $46.6. Aslo CIBC's Annual Consumer Growth Conference; ASM International Analyst Meeting will start today; KLA-Tencor Analyst Meeting; Advanced Energy Analyst Meeting as well.

This morning, Globex futures have been trending modestly to the upside across the board from 1:00 am ET.

YHOO: (www.yahoo.com) Yahoo! Inc. is a provider of Internet products and services to consumers and businesses through the Yahoo! Network, its worldwide network of online properties. The Company's properties and services for consumers and businesses reside in four areas: Search and Marketplace, Information and Content, Communications and Consumer Services and Affiliate Services. Its basic products and service offerings are available without charge to its users. It also offers a variety of fee-based services that provide users access to value-added content or services. The Company also sells marketing and advertising services to businesses across its properties and services. During 2003, Yahoo! completed the acquisitions of Inktomi Corporation and Overture Services, Inc. in March and October, respectively. Inktomi is a provider of Web search and paid inclusion services on the Internet. Overture is a provider of commercial search services on the Internet, including pay-for-performance search services.
 

Chart of the Day for MONDAY 07-12-04 

VRTS: Friday the stock trended down to close at ($39.20) off (-.55c). Over the weekend in an article in Barron's. It stated that last week and the one year selloff in VRTS may be an opportunity to buy the stock. The article said in the long view the storage area is set to grow and is still strong at this point especially in the corporate area for storing data. This may weight in well for the Co, to see more upside in the future short term. MOM research Admins sees this as a plus in a uptrending market.  Lets take a look at the numbers for this morning. Above $18.75 with conformation @ $18.81 the stock can make an upside move to $19.06 then $19.31 providing the futures are moving to the upside from the premarket open at 8:00 am ET into the 9:30 market open. If so other upside numbers ar $19.69, $19.81 with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $18.38 with conformation at $18.31 the stock can slide to see $18.19 then $$$$ (For more LIVE blow by blow commentary and more numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. 

Just a note: Keep focused on market trend from this point to get clear direction. Remember, before you make any trades, you should check for news on other stocks in the same sector as that the stock you are trading. This news may affect the stock you are trading. Also, stocks tend to resist or support on the round number. Stocks without news need futures direction with trend. Stocks will follow the natural algorithm of the markets movement and usually move to the above numbers, hitting triggers and targets.

Keep in mind today for Monday –There will be no major eco data for the day.
The SEMICON West 2004- Wafer Processing; FSI International Analyst Meeting will be held; Applied Materials Analyst Meeting; Novellus Systems Analyst Meeting and the Research in Motion Annual Meeting of Shareholders.

Futures have been up this morning from 1 am ET.

VRTS (www.veritas.com) VERITAS Software Corporation (VERITAS) is an independent supplier of storage and infrastructure software products and services. Its software products operate across a variety of computing environments, from personal computers (PCs) and workgroup servers to enterprise servers and networking platforms in corporate data centers to protect, archive and recover business-critical data, provide levels of application availability, enhance and tune system and application performance and enable recovery from disasters. The Company offers software products such as Data Protection, Storage Management and Utility Computing Infrastructure. It develops and sells software products that support a variety of servers, storage devices, databases, applications and network equipment. During the year ended December 31, 2003, it completed the acquisitions of Precise Software Solutions Ltd. and Jareva Technologies, Inc. In January 2004, it acquired Ejasent, Inc.
 

Chart of the Day for FRIDAY  07-09-04

YELL: Thursday the stock traded down for the day in a choppy off market to closed at ($38.32) off (-$1.19c) . Last night after the close Yellow Roadway raises Q2 guidance. After-hours activity;  MOM research Admins took notice that some muscle players started slowly buy-up the stock right after the close on low volume. first call players got the news before it hit the DJ news wire forcing the stock moved to the upside to top out at $40.33 and closed the post-market session at $39.75. Let take a technical look at the numbers for today's trading. Above $40.00 with conformation @ $40.42 the stock can make an upside move to $40.75, $40.98 then $41.52 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $41.96 then $$$$ with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $39.51 with conformation at $39.41 the stock can slide to see $39.21 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with MOM research Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. The Co sees Q2 revs at approx $5.7 mln and loss of $0.09-0.12 per share, Reuters consensus is $7.8 mln and EPS of $0.01. Co states, "While we were able to grow revenues significantly over the second quarter of 2003, we were disappointed that we had a number of transactions that we were unable to close before the end of this quarter. We anticipate closing these transactions and capitalizing on other opportunities during the remainder of 2004".

Keep in mind, there will be no major eco news posted today –

Friday morning, Globex futures have been trending to the up-side across the board from 1:00 am ET.

YELL: (www.yellowcorp.com) Yellow Roadway Corporation offers its customers a range of asset-based and non-asset-based transportation services through wholly owned operating subsidiaries. Yellow Technologies, Inc., a captive corporate resource, offers technology solutions and services exclusively for Yellow Roadway companies. Its subsidiaries are Yellow Transportation, Inc., Roadway Express, Inc., New Penn and Meridian IQ, Inc., all of which are Yellow Roadway Corporation's subsidiaries, as well. Yellow Transportation offers services for the movement of industrial, commercial and retail goods. Roadway Express offers long-haul, interregional and regional less-than-truckload (LTL) freight services on two-day and beyond lanes. New Penn is a regional, next-day, ground LTL carrier of general commodities. Meridian IQ is a non-asset global transportation management company that plans and coordinates the movement of goods worldwide to provide customers a single source for transportation management solutions.
 

Chart of the Day for THURSDAY  07-08-04

CKFR: Wednesday the stock traded up for the day  and closed at ($29.46) plus (+.48c) . News hit the wire Wednesday night that CheckFree announced a deal with Wachovia for electronic billing and payment services. After-hours activity;  The MOM reserch Admins in the voice forum took notice that some muscle players started buy-up the stock right after the close on light volume where first call players got the news before it hit the DJ news wire forcing the stock moved to the upside to top out at $29.50. The stock pulled back to end the after hours session with a last trade at the high of $29.40. Let take a technical look at the numbers for today's trading.  Above $29.71 with conformation @ $29.78 the stock can make an upside move to $30.00, $30.36 then $30.66 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $30.78 with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $29.19 with conformation at $29.10 the stock can slide to see $28.98, $28.85,  then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}.  The Co also said that it has signed a 5-year contract extension with Wachovia Corp WB to provide fully outsourced electronic billing and payment services to WB's entire online banking customer base. With this agreement, WB will leverage CKFR's high-quality electronic billing and payment processing capabilities and CheckFree Web to deliver industry- leading capabilities to WB's online customers. Also this mornig pre-market  JP Morgan raised estimates on the Co, and Smith Barney reiterated the Co, at a buy.

Keep in mind, today – At 8:30 ET Jobless Claims numbers will be posted,. Consensus are 340K, New jobless claims inched up 1,000 in the week ended June 26 to 351,000, bringing the 4-week moving average to 347,000. At 10:00 ET the ISM Manufacturing Index numbers will be posted, Consensus are 61.0%, The ISM manufacturing index edged up to 62.8 in May from the April level of 62.4. Also at 10:00 ET Construction Spending numbers will come out, Consensus are 0.7%, Construction spending rose 1.3 percent in April, the third straight monthly gain.

Globex futures have been trending to the downside across the board from 1:00 am ET.

CKFR: (www.checkfreecorp.com) CheckFree Corporation is the parent company of CheckFree Services Corporation, the principal operating company of the business. The Company, through CheckFree Services, operates in three business segments: Electronic Commerce, Software and Investment Services. The Electronic Commerce segment provides services that allow consumers to receive electronic bills through the Internet, pay bills received electronically or in paper form to anyone and perform ordinary banking transactions, including balance inquiries, transfers between accounts and online statement reconciliation. The Software division operates three units, each of which delivers software, maintenance, support and professional services. These units are Automated Clearing House Solutions, Financial and Compliance Solutions and i-Solutions. The Investment Services segment includes investment portfolio management services and investment trading and reporting services.
 

Chart of the Day for WEDNESDAY  07-07-04

QSFT: Tuesday, the stock traded down following the market trend to closed at ($11.11) off (-$1.11). Last night after the close the Co, reported preliminary results at the high end of guidance and believes that it's pro forma operating results and pro forma earnings per share in the quarter will be at the high end of previous guidance (gain of $0.07-0.09) and revs of $90.0-91.0 mln, Reuters consensus is $0.09 and $88.5 mln, respectively. After-hours activity; MOM research Admins took notice that some muscle players started slowly buy-up the stock right after the close on low volume before hitting the DJ news wire forcing the stock moved to the upside. The stock then poped to hit $12.51.  The stock finished the the post mearket session at $12.34. Let take a technical look at the numbers for today's trading. Above $12.46 with conformation @ $12.51 the stock can make an upside move to $12.64, $12.85 then $13.02 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $13.17 then $$$$ with conformation at $$$$  the stock can run to $$$$ then $$$$. Look for a short trigger at $12.25 with conformation at $12.22 the stock can slide to see $12.14 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. Also Management further believes that If Quest determines that a one-time special charge is appropriate in light of the litigation developments discussed below, GAAP earnings and earnings per share would be significantly reduced by the amount of the charge. Pro forma operating results and earnings per share exclude amortization of acquisition related intangible assets, other compensation charges related to stock options and any litigation special charge. The foregoing estimates are preliminary and are subject to management and independent auditors completing their customary quarterly closing and review procedures.

Keep in mind today  there will no major Eco news being posted today.

Tuesday morning, Globex futures have been trending to the upside across the board from 1:00 am ET.

QSFT: (www.quest.com) Quest Software, Inc. develops, sells and supports software products that improve its customers' ability to develop, deploy and manage their packaged and custom software applications and associated software infrastructure components, such as databases, application servers and operating systems. The Company markets over 50 products, which it has grouped into three main categories: Database Management, Application Performance Management and Microsoft Infrastructure Management. Quest Software also provides consulting, training and support services to its customers. The Company has wholly owned research and development subsidiaries in Russia, Israel and Canada, and sales subsidiaries in Europe, Canada, Australia, Japan and Latin America for marketing, distribution and support of its products and services.

 

Chart of the Day for TUESDAY  07-06-04

TEVA: Friday, the stock traded up bucking the down trending market, to closed at ($33.45) plus (+.08c).  Friday after the close the FDA says it will allow "authorized generic" drugs for TEVA. 'After-hours activity;  MOM research Admins took notice that some muscle players started slowly buy-up the stock right after the close on low volume. The stock then popped to hit  $33.69 were first call players got the news before it hit the DJ news wire forcing the stock moved to the upside to top out at $33.89.  The stock finished the the post mearket session at  the high.  Let take a technical look at the numbers for today's trading.  Above $33.89 with conformation @ $33.93 the stock can make an upside move to $34.10, $34.28 then $34.58 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $34.67 then $$$$ with conformation at $$$$  the stock can run to $$$$ then $$$$. Look for a short trigger at $33.37 with conformation at $33.12 the stock can slide to see $33.01then $$$$ and $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}.  Then Monday Teva Receives Approvable Letter for AGILECT 'Rasagiline' The CO, announced Monday that it has received an approvable letter from the U.S. Food and Drug Administration (FDA) for once-daily AGILECT® (rasagiline mesylate) as a treatment for Parkinson's disease (PD) as initial monotherapy in early PD patients and as adjunct therapy to levodopa in moderate-to-advanced stages of the disease. Following the approvable letter, Teva will work together with the FDA to complete the process of receiving final approval as soon as possible.


Keep in mind today, – At 10:00 ET the ISM Non-Manufacturing Survey numbers will be posted, consensus 63.5;  Some of the components of the ISM non-manufacturing survey edged down in May.The business activity index, the most widely followed component of this survey, fell back to 65.2 in May from a level of 68.4 in April.

This morning, Globex futures have been trending to the upside across the board from 1:00 am ET.

TEVA: (www.tevapharm.com) Teva Pharmaceutical Industries Limited is a global pharmaceutical company engaged in development, production, marketing and distribution of products in two operating segments, Pharmaceuticals and Active Pharmaceutical Ingredients. The Pharmaceutical segment develops, produces, markets and distributes medicines in various dosages and forms, in most areas of medicinal treatment and disposable hospital supplies. Teva has utilized its production and research capabilities to establish a global pharmaceutical operation focused on supplying the growing demand for generic drugs and on the opportunities for proprietary branded products for specific niche categories, with its branded drug being Copaxone for multiple sclerosis. The Active Pharmaceutical Ingredients (API) segment develops, produces, markets and distributes API for the pharmaceutical industry, including the Company's pharmaceutical segment.
 

Chart of the Day for FRIDAY  07-02-04

ABRX: Thursday the stock traded up for the day in a choppy off market to closed at ($20.76) plus (+.20c) . Last night after the close Able Labs receives FDA approval for promethazine hydrochloride tablets After-hours activity;  MOM research Admins took notice that some muscle players started slowly buy-up the stock right after the close on low volume. first call players got the news before it hit the DJ news wire forcing the stock moved to the upside to top out at $22.26 and closed the post-market session at $21.40. Let take a technical look at the numbers for today's trading. Above $21.70 with conformation @ $21.84 the stock can make an upside move to $22.00, $22.41 then $22.54 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $22.75 then $$$$ with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $21.25 with conformation at $21.10 the stock can slide to see $21.00 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with MOM research Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}. The Food and Drug Administration approval for its Abbreviated New Drug Applications for Promethazine Hydrochloride Tablets, USP 12,5mg, 25mg and 50mg, which are therapeutically equivalent to Phenergan® Tablets 12.5mg, 25mg and 50mg of Wyeth Ayerst Laboratories. The total sales for Able's newly approved drugs (used in the treatment of nausea and vomiting associated with certain types of anesthesia and surgery), is estimated to be approximately $70 million according to recent market data.

Able is the first company to offer AB-Rated generic version of Promethazine Hydrochloride Tablets, USP 12.5mg and the only company to market AB-Rated generic version of all three tablet products. This approval, along with Able's Promethazine Hydrochloride suppository products, represents the expansion of Able's line of Promethazine-based products.

Keep in mind, today at– 8:30 ET Employment Situation (Jobs) Reports number will be posted, Consensus 5.6% unemployment rate, Nonfarm payrolls increased 248,000 in May after growing more rapidly in March and April, but the rise was healthy. - At 10:00 ET Factory Orders number will be posted, consensus –0.8%, Factory orders decreased 1.7 percent in April, reversing a portion of March's robust 5 percent hike. A sharp drop in durable goods orders accounted for the decline.
–  Bond Market Assoc. recommended early close 2:00 ET.  July 4 is on Sunday.  All financial markets are closed on Monday July 5.

Friday morning, Globex futures have been trending to the up-side across the board from 1:00 am ET.

ABRX: (www.ablelabs.com) Able Laboratories, Inc. is engaged in the development, manufacture and sale of generic pharmaceuticals, chemical and therapeutic equivalents of brand name drugs. The Company manufactures and markets prescription generic drugs in the form of tablets, capsules, suppositories and liquids. Able's products are sold through direct sales efforts to drug wholesalers, distributors and retail drug chains. It markets its generic drug products under its Able Laboratories label and under private-label arrangements. Able received its United States Food and Drug Administration (FDA) approval to manufacture and sell Diphenoxylate with Atropine Sulfate tablets in November 2000. On March 1, 2004, the Company has received 35 additional approvals to manufacture and sell generic drugs. During the year ended December 31, 2003, Able manufactured approximately 1.1 billion tablets, capsules and suppositories.


 

Chart of the Day for THURSDAY  07-01-04

SBUX: Wednesday the stock traded up for the day into Comp sales and closed at ($43.49) plus (+.28c) . News hit the wire Wednesday night that June comps increase 10% for the Co. After-hours activity;  The MOM reserch Admins in the voice forum took notice that some muscle players started buy-up the stock right after the close on light volume where first call players got the news before it hit the DJ news wire forcing the stock moved to the upside to top out at $44.15. The stock pulled back to end the after hours session with a last trade at the high of $43.48. Let take a technical look at the numbers for today's trading.  Above $43.70 with conformation @ $43.80 the stock can make an upside move to $44.14, $44.48 then $44.97 providing the futures are moving to the upside from the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside numbers are $45.26 with conformation at $$$$ the stock can run to $$$$ then $$$$. Look for a short trigger at $43.20 with conformation at $43.06 the stock can slide to see $42.85 then $$$$ (For more LIVE blow by blow commentary and numbers on this stock and others, with Admins coaching you through trades click and join the -> ( platinum forum )~{support what you believe in at MOM}.  The Co also said sales at stores open at least a year rose 10 percent in June, the eighth straight month of double-digit gains for the world's largest coffee-shop chain.Revenue rose to $517 million for the five weeks ended June 27, up 26 percent from a year earlier.The number of Starbucks cafes worldwide increased to 8,119 in June, a net gain of 134 stores. The total includes 5,784 U.S. coffee shops and 2,335 international units.

Keep in mind, today at– At 8:30 ET Jobless Claims number will be posted,. Consensus 345K, New jobless claims increased 13,000 in the week ended June 19 to 349,000, bringing the 4-week moving average to 344,250.- At 10:00 ET ISM Manufacturing Index number will be posted, consensus 61.0%, The ISM manufacturing index edged up to 62.8 in May from the April level of 62.4. In both April and May, the ISM changed by a significantly smaller magnitude than predicted by the NAPM-Chicago. Market players would do well to consider the NAPM-Chicago cautiously in June. - At 10:00 ET Construction Spending number will be posted, Consensus 0.7%, Construction spending rose 1.3 ercent in April, the third straight monthly gain.

Globex futures have been trending modestly to the upside across the board from 1:00 am ET.

SBUX: (www.starbucks.com) Starbucks Corporation purchases and roasts whole bean coffees and sells them, along with fresh, rich-brewed coffees, Italian-style espresso beverages, cold blended beverages, a variety of complementary food items, coffee-related accessories and equipment, a selection of premium teas and a line of compact discs, primarily through Company-operated retail stores. As of September 28, 2003, Starbucks operated a total of 4,546 retail stores. Starbucks sells coffee and tea products through other channels, and, through certain of its equity investees, it also produces and sells bottled Frappuccino and Starbucks DoubleShot coffee drinks and a line of premium ice creams. These non-retail channels are collectively known as Specialty Operations.