BULLISH Play Updates

America Movil - AMX - close: 44.76 change: -0.99 stop: varies

AMX dipped toward the bottom of its recent trading range but did not break the $44.00 level. Currently we have two different entry points for AMX.

Breakout trigger @ 46.51, stop loss 45.15, 1st target 49.75. Use small position size.

Buy the dip trigger @ 42.25, stop loss 39.95, 1st target 45.95, 2nd target 49.75.

*Breakout Trade*
Entry on    August xx at $xx.xx <-- TRIGGER @ 46.51, stop 45.15
Change since picked:     + 0.00   			

*Buy the dip Trade*
Entry on    August xx at $xx.xx <-- TRIGGER @ 42.25, stop 39.95
Change since picked:     + 0.00   		
	
Earnings Date          07/21/09 (confirmed)    
Average Daily Volume:       4.3 million 
Listed on  August 01, 2009    


Bank of America - BAC - close: 16.56 change: -0.83 stop: 13.95

Financial stocks led the sell-off across the globe on Monday. BAC gave up 4.7% and closed near its rising 10-dma. Over the weekend we raised our entry point to $15.55. If we do get triggered I would only trade 1/2 your normal position size. Only on a significant correction would I trade any larger.

Our first target is $17.75 and our second target is $18.45. The Point & Figure chart is bullish with a long-term target at $31.00.

Entry on    August xx at $xx.xx <-- TRIGGER @ 15.55
Change since picked:     + 0.00   			
Earnings Date          07/17/09 (confirmed)    
Average Daily Volume:       310 million 
Listed on  August 01, 2009    


Corn Products - CPO - close: 30.37 change: -1.12 stop: 27.49

We were expecting a correction. CPO lost 3.5% on Monday. The plan is to go long in the $29.50-29.00 zone. More conservative traders may want to raise their stops toward $28.00. Our first target is $32.30. Our second target is $34.85. The Point & Figure chart is bullish with a $45.00 target.

Entry on    August xx at $xx.xx <-- TRIGGER @ 29.50
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       687 thousand
Listed on  August 15, 2009    


Hormel Foods - HRL - close: 36.87 change: -0.52 stop: 35.95

I don't see any changes from my prior comments. HRL has almost filled the gap and should be ready to bounce. Our plan is to exit on Wednesday at the closing bell to avoid holding over earnings. I am not suggesting new bullish positions. HRL has exceeded our first target but we still have a second and final target at $39.90.

Entry on      July 20 at $35.40 /gap higher entry
                              /originally listed at $35.25
Change since picked:     + 1.47
                            /1st target exceeded @ 38.74 gap (+9.4%)
Earnings Date          08/20/09 (confirmed)    
Average Daily Volume:       486 thousand
Listed on  July 20, 2009    


IDEX Corp. - IEX - close: 25.84 change: -0.89 stop: 24.75

Our bullish play on IEX is finally open. I've been suggesting readers use a dip into the $26.10-25.00 zone as an entry point. Our first target is $29.85. My time frame is six to eight weeks.

chart:

Entry on    August 17 at $26.10 *triggered         
Change since picked:     - 0.26   			
Earnings Date          07/20/09 (confirmed)    
Average Daily Volume:       570 thousand
Listed on  July 25, 2009    


J.P.Morgan Chase - JPM - close: 40.73 change: -1.72 stop: 35.90

Banking giant JPM was not immune to the profit taking. Shares lost 4%. I am suggesting readers open bullish positions on a dip to $38.75. More patient traders can hold out hope for a dip closer to $36.00. If triggered our first target is $42.50. Our longer-term target is $44.75. Our time frame is eight to ten weeks.

Entry on      July xx at $xx.xx <-- TRIGGER @ 38.75
Change since picked:     + 0.00   			
Earnings Date          07/16/09 (confirmed)    
Average Daily Volume:        55 million 
Listed on  July 18, 2009    


Morgan Stanley - MS - close: 28.54 change: -1.25 stop: 27.45 *new*

MS has pulled back toward technical support at its 40 and 50-dma. I don't want to be shaken out too early so I'm inching our stop loss down to $27.45. Look for a dip or a bounce near $28.00 as a new entry point for bullish positions. MS has exceeded our first target at $31.50. We're currently aiming for our second target at $34.90.

Entry on    August 04 at $29.50 *triggered (1/2 position)  
Change since picked:     - 0.96
                              /1st target hit @ 31.50 (+6.7%)
Earnings Date          07/22/09 (confirmed)    
Average Daily Volume:        24 million 
Listed on  July 23, 2009    


Microsoft - MSFT - close: 23.25 change: -0.44 stop: 21.80

MSFT is starting to roll over and you can see the short-term trend of lower highs. I'm expecting a dip toward $22.00.

More aggressive traders may want to go ahead and widen their stop loss to under $21.00 or under $20.00 depending on your risk tolerance. Currently our target is at $27.75 but that might be too optimistic. We may have to stretch out our time frame from several weeks to a few months.

FYI: MSFT doesn't move very fast and eventually the market will correct. An alternative would be to just exit early now and re-enter on a dip near $22.00 or $21.00. This way your capital isn't tied up and you can use it for other trades while we wait for MSFT to retest support.

Entry on      July 27 at $23.00
Change since picked:     + 0.25   			
Earnings Date          07/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


Oil States Intl. - OIS - close: 27.66 change: -1.50 stop: 27.95

OIS has broken down from its $28-30 trading range. I would watch for a dip toward $26.00 and at that point we'll re-evaluate an entry point. For now our trigger remains at $30.20. If triggered our first target is $34.00. Our second target is $38.00. My time frame is six to eight weeks.

Entry on    August xx at $xx.xx <--  TRIGGER @ 30.20
Change since picked:     + 0.00   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       738 thousand
Listed on  August 13, 2009    


TEVA Pharmaceuticals - TEVA - close: 50.86 change: -0.53 stop: 47.95

Our bullish play on TEVA is now open. Shares dipped to $50.50 and bounced. Our trigger to buy TEVA was a dip into the $50.50-48.00 zone. The short-term trend is still down so we can probably expect a test of the $50.00 mark soon. Our first target is $54.75. Our second target is $59.50. Our time frame is eight to ten weeks.

chart:

Entry on    August 17 at $50.50 *triggered                
Change since picked:     + 0.36   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  August 05, 2009    


Titan Machinery - TITN - close: 12.49 change: -0.63 stop: 11.30

Our aggressive trade on TITN just offered us a better entry point. Shares gapped open lower at $12.55 and bounced from the $12.20 zone. I would still consider new bullish positions in the $12.50-12.00 region. We should have about a month before TITN reports earnings. Our upside target is $14.75 and $15.85.

Entry on    August 15 at $12.55 /gap down entry
                              /originally listed at $13.12
Change since picked:     - 0.06   			
Earnings Date          09/15/09 (unconfirmed)    
Average Daily Volume:       248 thousand
Listed on  August 15, 2009    


BEARISH Play Updates

Akamai Tech. - AKAM - close: 17.67 chg: -0.34 stop: 20.05

AKAM lost 1.88% and slipped toward its simple 200-dma. I'm not suggesting new positions at this time. I would not be surprised to see a little oversold bounce from here. Our first target is $16.25.

FYI: There have been rumors that AKAM is a takeover target. Readers may want to choose put options, which limit your risk to what you paid, versus shorting the stock, which has unlimited risk. A stop loss at $20.05 isn't going to work if AKAM gets an offer for a lot higher. Shares will gap open.

Entry on    August 11 at $18.44 
Change since picked:     - 0.77   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:      10.4 million 
Listed on  August 11, 2009    


Expedia Inc. - EXPE - close: 21.31 change: -0.81 stop: 23.55

The profit taking in EXPE continues. Shares lost 3.6% and the MACD on the daily chart has finally produced a sell signal. I'm not suggesting new positions right here but a failed rally near $22.00-22.50 could be used as an entry point. Our first target is $19.75. Our second target is $18.00. I suggest traders use smaller than normal position sizes.

Entry on    August 14 at $21.85 
Change since picked:     - 0.54   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       5.0 million 
Listed on  August 10, 2009    


St. Jude Medical - STJ - close: 37.57 change: -0.52 stop: 40.20

The healthcare index was the only sector to close higher today but most of the strength was in the health insurers. STJ, a medical device maker, continued to slide lower and is on the verge of breaking through its 100-dma and exponential 200-dma. Readers may want to wait for a new drop under $37.50 or 37.00 to open positions. Our first target is $35.50 near the simple 200-dma. Our second target is $33.00. The Point & Figure chart is bearish with a $30.00 target.

Entry on    August 04 at $38.32 
Change since picked:     - 0.75   			
Earnings Date          10/15/09 (unconfirmed)    
Average Daily Volume:       4.4 million 
Listed on  August 04, 2009    


Williams Cos. - WMB - close: 16.12 change: -0.71 stop: 17.55

Energy stocks were hit hard by a drop in oil and gas prices. WMB lost 4.2%. The $16.00 level does look like short-term support so don't be surprised to see a little bounce here. Our first target is $15.10. Our second target is $14.10.

Entry on    August 11 at $16.78 
Change since picked:     - 0.66   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       5.6 million 
Listed on  August 11, 2009    


CLOSED BULLISH PLAYS

BJ Services Co. - BJS - close: 13.87 change: -0.86 stop: 13.90

Crude oil sold off hard again on Monday thanks to a strong dollar. This pushed the oil service stocks down sharply. BJS gave up 5.8% and hit our stop loss at $13.90. Last week's bullish breakout from its consolidation has now reversed into a breakdown below the trendline of support.

chart:

Entry on    August 13 at $15.06 
Change since picked:     - 1.16<-- stopped @ 13.90 (-7.7%)
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       8.0 million 
Listed on  August 13, 2009    


China Yuchai Intl. - CYD - close: 9.29 chg: -0.71 stop: 8.90

Hmm... it looks like our stop loss was just a little too tight. CYD pulled back as we expected but shares dipped to $8.90 this morning before trimming its losses. The sharp sell-off was due to a huge decline in the Chinese stock market on Monday (almost 6%). Our CYD play was triggered at $9.50 and stopped at $8.90. This was an aggressive trade and we wanted to use small positions to limit our risk. I'd keep CYD on your watch list to see if the $9.00 level holds.

chart:

Entry on    August 17 at $ 9.50 *triggered/stopped same day
Change since picked:     - 0.60<- stopped @ 8.90 (-6.3%)
Earnings Date          08/12/09 (confirmed)    
Average Daily Volume:       155 thousand
Listed on  August 15, 2009    


CLOSED BEARISH PLAYS

TJX Cos. Inc. - TJX - close: 35.38 change: +0.29 stop: 36.30

Today was our last day for TJX. The plan was to exit at the close if shares didn't hit our target. The company reports earnings tomorrow morning.

chart:

Entry on    August 08 at $35.48 
Change since picked:     - 0.10<-- closed early (-0.2%)
Earnings Date          08/18/09 (confirmed)    
Average Daily Volume:       5.4 million 
Listed on  August 08, 2009