NEW BULLISH Plays

Johnson & Johnson - JNJ - close: 62.31 change: +0.37 stop: 59.90

Why We Like It:
JNJ has been showing relative strength and ignoring the market's recent weakness. The stock has been consolidating sideways for almost four months. A breakout above resistance near $62.75 should begin a new leg higher. I'm suggesting a trigger to buy JNJ at $63.05. We'll set our initial stop loss under $60.00. The $65.00 level might offer some resistance but our target first target is $67.50.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 63.05
Change since picked:     + 0.00   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      12.6 million 
Listed on  November 21, 2009    


NEW BEARISH Plays

Bank of New York - BK - close: 26.19 change: -0.09 stop: 27.16

Why We Like It:
Shares of BK have been under performing both the broader market and its peers in the banking sector. The November low was $25.80. I'm suggesting a trigger to open bearish positions at $25.49. More cautious trader could wait for a drop under $25.00 since it might be round-number support.

If the newsletter is triggered at $25.49 our first target is $22.25. Our second target is $20.50. Our time frame is several weeks.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 25.49
Change since picked:     + 0.00   			
Earnings Date          01/20/10 (unconfirmed)    
Average Daily Volume:      11.4 million 
Listed on  November 21, 2009    


Liberty Global - LBTYA - close: 20.39 change: -0.56 stop: 21.26

Why We Like It:
Shares of LBTYA have pulled back to significant support near $20.00. This is either a great entry point for bullish positions or the stock is poised to breakdown and begin a new leg lower. Considering the market's recent weakness I suspect LBTYA will breakdown. (More nimble traders could try bullish trades on a bounce)

I'm suggesting a trigger to open bearish positions at $19.85. If triggered our first target to take profits is at $18.20 (near the 200-dma). Our second target is $16.20. Our time frame is several weeks.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 19.85
Change since picked:     + 0.00   			
Earnings Date          02/24/10 (unconfirmed)    
Average Daily Volume:       2.5 million 
Listed on  November 21, 2009    


Metlife Inc. - MET - close: 33.90 change: -0.30 stop: 36.05

Why We Like It:
The oversold bounce in MET has run out of steam under the $36.00 level. Technical indicators are suggesting the next move is down. There is potential support at the 200-dma near $31.00 but I'm suggesting we target a drop to $30.25. More aggressive traders could aim lower.

Annotated chart:

Entry on  November 21 at $33.90 
Change since picked:     + 0.00   			
Earnings Date          02/04/10 (unconfirmed)    
Average Daily Volume:       7.2 million 
Listed on  November 21, 2009