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Technical Analysis GIGM NOOF ISRG STLD SJR LYO
Saturday, February 10, 2007
Weekend Update Adding new long Plays to the swing/ Investor Portfolio - GIGM , NOOF, ISRG, STLD, SJR, LYO

On this update I will discuss six new stocks that will be added to the swing/ investor portfolio this week. I will also recap some closed positions and talk about the week ahead in the market. So far this year I have only issued 3 new buy alerts for the swing /investor portfolio. They are OSTK, BAP, and INTC. We also have six closed positions for the year so far. The closed 2007 positions are: HANS, ZOLL, SCIC, WFR, AUY,and BMC. We had very good gains on the aforementioned stocks. Consequently it is time to replace our closed positions with new ones. Out with the old and in with the new, to get more profits.

Before I cover our new swing/ investor portfolio picks, I want to talk about the week ahead in the market. It is options expiration week this week. Consequently, expect increasing volatility for the week. Furthermore, the market will be reacting to the G7 meeting this week, Bernanke will be speaking on Wednesday, and Thursday and Friday will be laden with heavy duty economic reports. In addition, if you want some bullish short term trades, you can look to the bullish momentum list for idea flow. Now let us get to the new stock plays. These charts are looking good and I am excited about these plays.


Gigamedia Ltd- (GIGM) Daily Chart - Possible Cup and Handle Swing Trade- Optionable
I would like to pick up this stock on a dip at the beginning of this week, or after a 3 to 5 day pullback. I believe any dip is a buying a buying opportunity. GIGM is in a possible bullish ascending triangle or cup and handle pattern. The pattern is still evolving. I think price target is around $16.00 or $17.00, and possibly higher. The monthly chart say it goes even higher than that. According to the monthly, I believe that GIGM may be at the beginning of a wave 3 move up, which is the fastest moving wave out of the 5 waves, and offers great gains. Indicators and oscillators are in a 123 bullish trend reversal.

Intuitive Surgical Inc. (ISRG) -Daily Chart - Bullish Descending Triangle Swing Trade - Optionable
The daily chart of ISRG illustrates that it has broken out of a bullish triple bottom descending triangle. It has completed it's wave 3 to wave 4 pullback. Furthermore, you can see that there are 2 bullish breakaway gaps on the chart. Neither of the gaps have been filled which is bullish. You can also see that a back test to the breakout line has occurred and it may be forming a bull flag right now. I am excited about this stock. I want to buy the open tomorrow. It is at the beginning of 5th wave move higher. Price target is way up in $150.00 area. Indicators and oscillators are in a 123 bullish trend reversal.

Lyondell Chemical Company - (LYO)- Daily Chart & Monthly Charts- Ascending Triangle Breakout with a Bull Flag - Optionable The daily chart illustrates that LYO has broken out of a bullish continuation ascending triangle. Just look at the massive surge in volume that confirms the breakout on the daily. LYO is currently in a bull flag pullback channel to the 13 EMA. It may even test the breakout line, where it would be a great buy. However if it takes out $32.48 resistance level, it is a buy buy buy. Now what I really want you to focus on is the monthly chart. This chart rocks. I have not annotated this chart yet because I think it just speaks for itself. Please note that the indicators and oscillators are in a 123 bullish trend reversal, and the PPO shows that it is just starting to reverse to the upside.

New Frontier Media Inc. - (NOOF) - Monthly Chart -Bullish Continuation Rectangle/ Slim Jim- Investor Trade- Optionable The daily chart illustrates that NOOF is in a bullish continuation Rectangle pattern. This is the stock that some other market advisors have recommended. This is a high beta momentum stock. It is a volatile stock. If you can't handle volatile stocks do not buy this stock. If NOOF dips to the $9.00 area then that would be a great buy point. However, it is a buy now. Now remember this is an investor trade. However, if it dipped below the 34 EMA I would be concerned, but I wouldn't panic. I think this will be a rocket investor trade. The indicators and oscillators are in 123 bullish trend reversal.

Shaw Communications Inc. - (SJR) - Daily Chart - Wave 3 to Wave 4 pullback Channel Swing Trade - Not Optionable
The daily chart illustrates that SJR has broken out of a bullish ascending triangle pattern. It is currently in an ABC zig zag wave 3 to wave 4 pullback channel off of the recent highs to test the 34 EMA. As you can see from the chart it has a bullish break away gap. The indicators and oscillators are in a 123 bullish trend reversal. The stochastics are looking oversold. However, the PPO has not yet bottomed , but when it does, you will see bullish divergence developing there. The monthly chart looks really fantastic and that is why I want to buy this stock. I will be issuing a buy alert on this stock this week. It is a buy from $36.00 to $34.00. We will have to see how we open on Monday. I want to use this week to buy some stocks on the dip that this week's volatility will bring. Remember that SJR is not Optionable and therefore will be a more volatile stock.

Steel Dynamics Inc. - (STLD) Daily Chart - Cup and Handle Breakout pattern Swing Trade - Optionable
The daily chart illustrates that STLD has broken out of a bullish cup and handle pattern. I think that it is in a bullish wave 3 move up. Now this is one of the fastest moving waves that offer the most profits out of all the waves. It is pulling back to test the breakout line. This may be due to the upgrades and downgrades that it received this week. Indicators and oscillators are in a 123 bullish trend reversal. The RSI, PPO and Stochastics are toppy here and we will look to buy the dip, for a good swing trade set up.

I will be issuing the alerts as the come out for each stock this week. Please wait for the buy alerts to arrive in your e-mail.

2/11/06: A Trader's Daily Affirmation: I foster an attitude of gratitude in my trading plan. I am grateful for the profits that I make and receive from my trades.

Edited by
Andrea Victoria Friend aka Daisy
Editorial Assistant for Trending123.com


THE ONLY 3 "LONGER TERM PLAYS ADDED TO THE PORTFOLIO FOR THIS YEAR"
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SO FAR 6 PLAYS CLOSED OUT THIS YEAR (SORRY GUYS NO LOSERS YET BUT GIVE ME TIME....KIDDING)
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6 NEW PLAYS WILL BE ISSUED THIS WEEK THEY ARE LISTED BELOW
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#1 Options Expiration Week
#2 Bernanke Speaks (Wednesday and Thursday)
#3 Thursday and Friday "Heavy Economic Calendar Packed With Goodies"
#4 G7 (wrapped up this weekend) Market Reaction Coming Monday
#5 Anna Nicole Smith National Holiday (Ok well maybe not official Holiday but with the press this is getting we'll likely have 5 minutes of silence on the NYSE)

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MOMENTUM FRONT RUNNERS

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GigaMedia Limited, through its subsidiaries, engages in the development and license of entertainment software and provision of application services, and ownership and operation of an online games portal. It also provides broadband Internet access services. The company, through its subsidiary, Cambridge Entertainment Software, develops and licenses software solutions and application services, including online entertainment and social networking in the Internet-based entertainment markets. It also offers FunTown game portal, an Asian casual game portal that provides an online MahJong game site, as well as provides services, such as game clubs for players, tournaments related to FunTown?s online casual games, and social networking. In addition, the company provides broadband Internet access services to consumer and corporate customers through various technologies and products, including cable modems, leased-lines, virtual private network, and other value-added services. GigaMedia was founded in 1997 and is headquartered in Taipei, Taiwan.

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Intuitive Surgical, Inc. engages in the design, manufacture, and marketing of the da Vinci Surgical System for use in urologic, cardiothoracic, gynecologic, and general surgeries. The da Vinci Surgical System consists of a surgeon?s console, a patient-side cart, and proprietary instruments. It translates the surgeon?s natural hand movements on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small puncture incisions or ports. The da Vinci Surgical System controls intuitive surgical endoscopic instruments, including rigid endoscopes, blunt and sharp endoscopic dissectors, scissors, scalpels, forceps/pickups, needle holders, endoscopic retractors, electrocautery, ultrasonic cutters, and accessories during various surgical procedures. The system provides the surgeon with motion, fine tissue manipulation, and 3-D vision characteristic of open surgery while simultaneously allowing the surgeon to work through small ports. The company also manufactures various EndoWrist instruments, including forceps, scissors, electrocautery, scalpels, and other surgical tools, which incorporate a wrist joint with tips customized for various surgical procedures. Its other products include Aesop Endoscope Positioner, a surgical robot capable of positioning an endoscope in response to a surgeon?s commands; and Hermes Control Center, a voice activated operating room control system designed to enable a surgeon to directly control multiple operating room devices through verbal commands. The company sells its products through direct sales force in the United States and Europe, as well as through distributors in Australia, Canada, China, the Czech Republic, India, Italy, Japan, Korea, Romania, Saudi Arabia, Singapore, Spain, Taiwan, Turkey, and the United Kingdom. Intuitive surgical was founded in 1995 and is headquartered in Sunnyvale, California.

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Lyondell Chemical Company, through its subsidiaries, engages in the manufacture and marketing of various chemicals and gasoline-blending components. It operates in four segments: Ethylene, Co-products, and Derivatives; Propylene Oxide and Related Products; Inorganic Chemicals; and Refining. The Ethylene, Co-products, and Derivatives segment produces Ethylene co-products that include propylene and butadiene, as well as aromatics; Derivatives include polyethylene, ethylene oxide, ethylene glycol, and other ethylene oxide derivatives, as well as ethanol, vinyl acetate monomer, and polypropylene. This segment also produces fuels, such as methyl tertiary butyl ether and alkylate, as well as acetic acid and methanol. This segment also produces fragrance and flavors chemicals. The Propylene Oxide and Related Products segment produces Propylene Oxide and its co-products, Propylene Oxide derivatives, and toluene diisocyanate. Propylene Oxide?s co-products include styrene monomer and tertiary butyl alcohol (TBA). The principal derivatives of TBA are MTBE and ethyl tertiary butyl ether. Propylene Oxide derivatives include propylene glycol, propylene glycol ethers, and butanediol. The Inorganic Chemicals segment produces titanium dioxide, titanium tetrachloride, titanyl sulfate, and silica gel. The Refining segment produces refined petroleum products, including gasoline, low sulfur diesel, jet fuel, lubricants, and aromatics, which include benzene, toluene, paraxylene, and orthoxylene. Its products are used in the food, cosmetics, personal care, pharmaceuticals, clothing, construction, automotive, aircraft manufacturing, paints, rubber, fibers, engineering plastics, furniture, packaging, and transportation industries. It operates primarily in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company was incorporated in 1985 and is based in Houston, Texas.

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New Frontier Media, Inc., through its wholly owned subsidiary, Colorado Satellite Broadcasting, Inc., doing business as The Erotic Networks, distributes adult entertainment programming through electronic distribution platforms in North America. Erotic Networks provides adult programming to low-powered direct-to-home households through its networks TEN*Xtsy, TEN*Max, Pleasure, TEN, TEN*Clips, TEN*Blue, TEN*Blox, and TEN*On Demand, as well as video-on-demand content through cable television, direct broadcast satellite, hotels, and C-Band. As of March 31, 2006, New Frontier offered its services to approximately 93,000 households. The company, through Interactive Gallery, Inc., aggregates and resells adult content through its broadband site, www.TEN.com; partners with third-party gate-keepers for the distribution of www.TEN.com; wholesales prepackaged content to various Web masters; and provides content to wireless carriers. The company also produces and distributes motion pictures, series, and events; acts as a sales agent for domestic third party films; and engages in contract production of motion picture for a third party distributor. New Frontier was founded in 1988 and is headquartered in Boulder, Colorado.

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Shaw Communications, Inc. provides broadband cable television, Internet, digital phone, telecommunications, and satellite direct-to-home (DTH) services in Canada and the United States. Its cable television services include basic cable and extended tiers, digital cable, pay television and pay-per-view, video-on-demand, bundling services, and new video services. The company?s digital phone services include local residential line and long distance calling, as well as calling features, including voicemail, call display, call forwarding, three-way calling, call return, and call waiting. It also distributes digital video and audio programming services, through DTH satellite to residences and commercial establishments. In addition, the company engages in uplinking the redistributing television and radio signals via satellite to cable operators and other distributors, and related network services; and providing satellite tracking and messaging services to the Canadian trucking industry, and integration and management of satellite data networks with land-based telecommunications. It offers approximately 430 digital video and audio channels, with a programming line-up that offers various television services, including local over-the-air broadcasters, national networks, specialty channels, U.S. and foreign channels, adult programming, and ethnic services; and owns and leases, directly and indirectly, satellite transponders that receive and amplify digital signals and transmit them to receiving dishes located within the footprint covered by the satellite. As of August 31, 2006, it had 1,306,991 Internet customers; 669,737 digital cable customers; 212,707 digital phone lines; and 869,000 DTH subscribers. The company was founded in 1966. It was formerly known as Capital Cable Television Co., Ltd. and changed its name to Shaw Cablesystems, Ltd. in 1984. Further, it changed its name to Shaw Communications, Inc. in 1993. Shaw Communications is headquartered in Calgary, Canada.


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Steel Dynamics, Inc. (SDI) engages in the manufacture and sale of steel in the United States. It has two segments, Steel Operations and Steel Scrap Substitute Operations. Steel Operations segment manufactures hot band, pickled, hot-rolled and cold-rolled galvanized, post anneal, and painted products. It also offers steel beams, pilings, foundational supports, channel sections, bulb angles, zee?s, and specialized bar quality, as well as merchant long products. Steel Scrap Substitute Operations segment produces steel building components, including joists, girders, trusses, steel roof, and floor decking. The company?s customers include steel service centers, pipe and tube producers, original equipment manufacturers, steel fabricators, cold finishers, forgers, and intermediate processors. SDI was incorporated in 1993 and is based in Fort Wayne, Indiana.

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