Editor's Note:

I wanted to list a few more stocks I'm watching this week.

APH - Watch for support near $35.00.

ACGY - A dip back toward the $11.25 zone might be an entry point.

AVY - Shares might find support in the $32-30 zone.

CTL - This stock is showing relative strength. A breakout over the June high might be an entry point.

MCD - I'm watching for a move over the $58-59 zone as a potential bullish entry point.

USB - This banking stock is nearing its trendline of higher lows. Another bounce from $21.00 may be an entry point.


NEW BULLISH Plays

Cullen Frost Bankers - CFR - close: 50.42 change: +0.83 stop: 48.90

Why We Like It:
This regional bank stock appears to be breaking out higher from a week-long consolidation. There is clearly defined (short-term) support at $49.00. I'm suggesting bullish positions now. Our first target is $53.00.

Annotated chart:

Entry on September 26 at $50.42 
Change since picked:     + 0.00   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       419 thousand
Listed on September 26, 2009    


Pioneer Natural Res. - PXD - cls: 34.62 change: -0.82 stop: 28.95

Why We Like It:
This is another oil stock. Big picture the stock looks very bullish but short-term shares are overbought and about to correct lower. I'm suggesting readers buy PXD on a dip at $30.50. If triggered our first target is $34.50. Our second target is $38.50. The Point & Figure chart is bullish with a $50 target.

Annotated chart:

Entry on September xx at $xx.xx <-- TRIGGER @ 30.50
Change since picked:     + 0.00   			
Earnings Date          11/04/09 (unconfirmed)    
Average Daily Volume:       2.1 million 
Listed on September 26, 2009    


NEW BEARISH Plays

Eli Lilly & Co - LLY - close: 32.68 change: +0.28 stop: 33.15

Why We Like It:
LLY is a slow moving stock but the trend is clearly turning bearish. Shares are drifting lower under a pattern of lower highs against support at $32.00. I'm suggesting a trigger to open bearish positions at $31.85. If triggered our first target is $30.05. Our second target is $28.25 but that's being overly optimistic. We only have about three weeks before LLY reports earnings and we don't want to hold over the announcement.

Annotated chart:

Entry on September xx at $xx.xx <-- TRIGGER 31.85
Change since picked:     + 0.00   			
Earnings Date          10/20/09 (unconfirmed)    
Average Daily Volume:       6.6 million 
Listed on September 26, 2009