BULLISH Play Updates

America Movil - AMX - close: 46.40 change: +0.93 stop: 44.15 *new*

AMX has finally broken out to new highs and hit our aggressive trigger (1/2 to 1/4 position size) to buy the stock at $46.51. Our stop was too tight at $45.15 so I'm lowering it to $44.15. Our first target to take profits is at $49.75.

chart:

*Breakout Trade*
Entry on    August 20 at $46.51 *triggered stop 44.15
Change since picked:     - 0.11   			

*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: 17.14 change: +0.39 stop: 13.95

BAC is still drifting higher. I'm going to keep our buy the dip trigger at $15.55 but I'm also adding a buy the breakout trigger at $17.50. If BAC hits our breakout trigger at $17.50 I would use small position sizes 1/2 or 1/4 your normal trade due to the aggressive nature of the trade. If triggered at $17.50 our new stop will be $16.35 and our new target is $19.75.

Should BAC hit our $15.55 trigger 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 & 17.50
Change since picked:     + 0.00   			
Earnings Date          07/17/09 (confirmed)    
Average Daily Volume:       310 million 
Listed on  August 01, 2009    


Cardinal Health - CAH - close: 34.74 change: -0.24 stop: 32.40

CAH produced some minor profit taking on Thursday. I would still open positions in the $34.00-35.00 zone. Our first short-term target to take profits is at $37.45. Our second is $39.85.

Entry on    August 19 at $34.98 
Change since picked:     - 0.24   			
Earnings Date          11/17/09 (unconfirmed)    
Average Daily Volume:       2.8 million 
Listed on  August 19, 2009    


Corn Products - CPO - close: 30.13 change: -0.33 stop: 27.49

CPO is still inching lower but has not yet broken support at $30.00. I think it's going to break. That's why our trigger is at $29.25. We can really open positions anywhere in the $29.25-28.00 zone. 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 @ 29.25
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       687 thousand
Listed on  August 15, 2009    


Ultra-Short Dow 30 - DXD - close: 38.29 change: -0.59 stop: 37.75 *new*

The Dow Industrials, along with the rest of the major averages, is inching higher but has not yet broken out to new highs. I'm adjusting our stop loss on the DXD play so that the DJIA has to hit a new high before we're stopped out. Our new stop is 37.75. Wait for a bounce from $38.00 or a new rise over $39.50 before launching new bullish positions on the DXD. Our first target is $41.50. Our second target is $43.00. This is an aggressive play. We want to use small position sizes.

Entry on    August 18 at $40.11 /gap open entry
                              /originally listed at $39.48
Change since picked:     - 1.82   			
Earnings Date          00/00/00 
Average Daily Volume:       6.3 million 
Listed on  August 18, 2009    


IDEX Corp. - IEX - close: 27.02 change: +0.41 stop: 24.75

IEX has risen toward short-term resistance near $27.00. Don't be surprised to see a dip here. Our first target is $29.85. My time frame is six to eight weeks.

Entry on    August 17 at $26.10 *triggered         
Change since picked:     + 0.91   			
Earnings Date          07/20/09 (confirmed)    
Average Daily Volume:       570 thousand
Listed on  July 25, 2009    


Imperial Oil - IMO - close: 36.23 change: +0.15 stop: 34.49

IMO spiked higher this morning and then spent the rest of the session trading sideways. I would still consider new bullish positions in the $36.50-35.00 zone. Our target is the $39.90 mark.

Entry on    August 19 at $36.75 /gap higher entry point
                               /originally listed at $36.08
Change since picked:     - 0.52   			
Earnings Date          10/30/09 (unconfirmed)    
Average Daily Volume:       291 thousand
Listed on  August 19, 2009    


J.P.Morgan Chase - JPM - close: 42.42 change: +1.01 stop: varies

A buy the dip entry continues to elude us so I'm adding an alternative entry point on a breakout. If JPM hits $43.50 we want to buy the stock but I am suggesting very small (1/2 to 1/4 your normal trade) positions. We'll use a stop loss at $39.99 and a target at $47.40.

Our buy the dip strategy is still in place with a trigger at $38.75. More patient traders can hold out hope for a dip closer to $36.00. We have a stop at $35.90. 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 or 43.50
Change since picked:     + 0.00   			
Earnings Date          07/16/09 (confirmed)    
Average Daily Volume:        55 million 
Listed on  July 18, 2009    


Lindsay Corp. - LNN - close: 43.84 change: +0.60 stop: 37.45

LNN is churning sideways. We want to launch bullish positions on a correction. The plan is to buy LNN on a dip in the $40.10-38.00 zone. If triggered our first target to take profits is at $44.75. Our second target is $48.50. Our time frame is six to ten weeks.

Entry on    August xx at $xx.xx <-- TRIGGER @ 40.10
Change since picked:     + 0.00   			
Earnings Date          10/07/09 (unconfirmed)    
Average Daily Volume:       256 thousand
Listed on  August 17, 2009    


Morgan Stanley - MS - close: 29.36 change: +0.53 stop: 27.90

Right on cue MS is bouncing from its long-term trendline of higher lows. I would still consider new bullish positions here. 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:     - 0.14
                              /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: 23.67 change: +0.02 stop: 21.80

There is no change from my prior comments on MSFT.

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:     + 0.67   			
Earnings Date          07/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


Oil States Intl. - OIS - close: 29.19 change: +0.66 stop: 27.95

OIS displayed some relative strength but volume was pretty light. We're still waiting for a breakout over resistance with a trigger 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: 51.70 change: +0.25 stop: 47.95

TEVA rallied to $52.12 intraday before paring its gains. If you're looking for a new entry point wait for another dip near $50.50. Our first target is $54.75. Our second target is $59.50. Our time frame is eight to ten weeks.

Entry on    August 17 at $50.50 *triggered                
Change since picked:     + 1.20   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  August 05, 2009    


Titan Machinery - TITN - close: 12.68 change: +0.38 stop: 11.30

TITN is beginning to bounce after four days of consolidation. The stock rose 3% albeit on light volume. 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:     + 0.13   			
Earnings Date          09/15/09 (unconfirmed)    
Average Daily Volume:       248 thousand
Listed on  August 15, 2009    


BEARISH Play Updates

Akamai Tech. - AKAM - close: 17.96 chg: +0.03 stop: 20.05

Gains in AKAM have been pretty anemic lately. I'm not suggesting new positions at this time. Our first target is $16.25.

Entry on    August 11 at $18.44 
Change since picked:     - 0.48   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:      10.4 million 
Listed on  August 11, 2009    


CA Inc. - CA - close: 22.63 change: +0.15 stop: 22.85

Bears are still on the defensive and CA inched up another 0.6% after bouncing back from its morning lows. I'd wait for a new drop under $22.00 before launching new positions.

Our first target to cover and take profits is at $20.15. Our second target is $19.25. I consider this an aggressive trade and readers will want to use smaller position sizes.

Entry on    August 17 at $21.75 
Change since picked:     + 0.88   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       6.6 million 
Listed on  August 17, 2009    


Expedia Inc. - EXPE - close: 22.60 change: +0.72 stop: 23.55

Shorts were also rushing to cover in EXPE this morning. The stock spiked higher and then slowly drifted the rest of the day to a 3.2% gain. Volume was light on the session. I'm not suggesting new positions at this time. 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:     + 0.75   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       5.0 million 
Listed on  August 10, 2009    


St. Jude Medical - STJ - close: 37.64 change: -0.22 stop: 39.05

The bounce in STJ stalled near $38.00 this morning. I'm not suggesting new positions at this time. 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:     - 0.68   			
Earnings Date          10/15/09 (unconfirmed)    
Average Daily Volume:       4.4 million 
Listed on  August 04, 2009    


Williams Cos. - WMB - close: 16.96 change: +0.37 stop: 17.55

Today's move in WMB is a surprise. Natural gas collapses to new lows and WMB rallies 2.2%. Wait for the bounce to roll over before considering new bearish positions. Our first target is $15.10. Our second target is $14.10.

Entry on    August 11 at $16.78 
Change since picked:     + 0.18   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       5.6 million 
Listed on  August 11, 2009    


CLOSED BULLISH PLAYS

U.S.Natural Gas ETF - UNG - close: 11.51 change: -0.50 stop: 11.80

Our aggressive bet on a bounce in the UNG has come up snake eyes! The natural gas ETF absolutely collapsed to new lows on big volume. Our stop was hit at $11.80. I suggested small positions due to the aggressive nature of the trade.

chart:

Entry on    August 18 at $12.07 
Change since picked:     - 0.27<-- stopped @ 11.80 (-2.2%)
Earnings Date          00/00/00 
Average Daily Volume:      34.3 million 
Listed on  August 18, 2009