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Brand New High Beta Stock Pics For Tommorow
Thursday, January 12, 2006

Nightly Update - WTIC, OIH, NGPS, & CPTS

Oil -Light Crude-Continuous Contract (EOD) (WTIC) - Daily Chart

The daily chart of WTIC shows that Oil has completed it's wave 3 to 4 pullback. Oil has broken out of the down channel and is now in a 5 wave up move. Oil looks to make another move up to test it's previous highs around $70.00. Indicators and oscillators are bullish, and stochastics are bull flagging and the PPO is making new highs.

Oil Services Holders ETF (OIH) - Daily Chart
The daily chart of the OIH illustrates that it has broke out of an ascending triangle in late November 2005 and has rallied higher ever since. I do believe that the OIH is due for a short term pullback perhaps to the 13 EMA moving average. Watch out for overlapping around $136.00. Indicators and oscillators are bullish, and stochastics are bull flagging. Nevertheless, our energy stocks are doing well and I have not issued any sell alerts yet. We currently have 6 energy stocks.

NovAtel, Inc. (NGPS) Daily chart

The daily chart shows NGPS consolidating in a bottoming symmetrical triangle pattern. I would like to add this to the portfolio once it breaks out of the triangle. It is a buy above $30.00. The price target s $37.00. On the daily chart you can see that the Aroon is still bearish, but the PPO and stochastics are starting to reverse upwards.

Conceptus, Inc. (CPTS)- Daily Chart
The daily chart illustrates that CPTS is in an ascending triangle pattern. It has just completed a wave 3 to 4 pullback and is now heading back up. It is currently in a bull flag. The Aroon just turned bullish and the PPO looks great as do the stochastics are bull flagging. Price target is in the low $20.00's. This is a buy alert and will be added to the portfolio.

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NovAtel, Inc. engages in the design, marketing, and sale of high-precision global positioning systems, and other positioning components and subsystems worldwide. It products are used in various commercial applications principally in the aviation, geomatics, mining, precision agriculture, marine, and defence industries. Its products include GPS receivers that process the satellite signals received through the antenna to determine precise positions; antennas, which supports both single frequency and dual-frequency receivers; and augmented GPS products, such as the SPAN product family that integrates third-party inertial measurement technology with the company’s GPS technology to provide with positioning data. It offers its products to original equipment manufacturers primarily through its direct sales staff and through strategic partnerships. The company has strategic partnerships with Leica Geosystems, to develop technology for GPS, as well as with CMC Electronics, to develop technology for GPS aviation solutions. The company was incorporated in 1978 as 89006 Canada, Ltd. and changed its name to Westech Systems, Ltd. in 1979. Further, it changed its name to NovAtel Communications, Ltd. in 1983 and to NovAtel, Inc. in 1996. The company is headquartered in Calgary, Canada.
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Conceptus, Inc. engages in the development, manufacture, and marketing of medical products for women’s health in the United States. The company offers Essure, a permanent birth control device for women that provides a nonincisional alternative to tubal ligation. It markets its product primarily in Australia, Canada, Europe, Indonesia, Singapore, and the United States. Conceptus was founded in 1992 and is headquartered in San Carlos, California.
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