BULLISH Play Updates

America Movil - AMX - close: 45.15 change: -1.63 stop: 44.75

AMX hit some profit taking today. The stock, which has been out performing, under performed both the U.S. and S. American markets. Shares lost almost 3.5% to dip towards round-number support at $45.00 and its 30-dma. I see this pull back as a new bullish entry point but readers may want to wait for a bounce first. Our first target to take profits is at $49.75.

*Breakout Trade*
Entry on    August 20 at $46.51 (small 1/4 sized position)
Change since picked:     - 1.36   			
Earnings Date          07/21/09 (confirmed)    
Average Daily Volume:       4.3 million 
Listed on  August 01, 2009    


Bank of America - BAC - close: 17.59 change: -0.39 stop: 16.80

Banking stocks were also starting to see some profit taking. The way the bounce failed this morning is definitely short-term bearish. I am not suggesting new positions at current levels. Currently our target to take profits is at $19.75.

*Aggressive, buy-the-breakout strategy*
Entry on    August 21 at $17.50 *triggered (small positions)
Change since picked:     + 0.09   			
Earnings Date          07/17/09 (confirmed)    
Average Daily Volume:       310 million 
Listed on  August 01, 2009    


Chicago Bridge - CBI - close: 15.74 change: +0.23 stop: 14.80

CBI displayed some relative strength with a 1.4% gain on Monday. The stock was upgraded to an "overweight" and given a $19 price target. Our upside target is $17.75. I remain cautiously bullish and suggest readers only trade small position sizes to limit risk (1/2 to 1/4 normal size).

Entry on    August 27 at $15.75 (small positions)
Change since picked:     - 0.01   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       1.3 million 
Listed on  August 27, 2009    


China Mobile Ltd. - CHL - close: 49.22 chg: -1.06 stop: 47.40

It was a really ugly day for the Chinese Shanghai market. The Shanghai index lost 6.7% in one session and closed the month of August with a loss of more than 20%. This weakness pushed CHL to gap open lower and shares opened at $48.73. Since we had a trigger to buy the dip at $49.00 the play was opened immediately. CHL managed to hold support at its rising trendline, which is impressive given the sheer drop back home. I would still buy this dip and bounce from its trendline if you have not opened positions yet. Our first target is $54.00. Our second target is $58.00. Our time frame is several weeks.

chart:

Entry on    August 31 at $48.73 /gap down entry point
Change since picked:     + 0.49   			
Earnings Date          00/00/?? (unconfirmed)    
Average Daily Volume:       2.3 million 
Listed on  August 29, 2009    


Capstone Turbine - CPST - close: 1.30 change: -0.03 stop: 0.98

We are looking to buy CPST on a dip in the $1.15-1.00 zone. This is a volatile stock and readers should consider this an aggressive, higher-risk trade. We'll want to use smaller than normal positions. I'm suggesting readers buy CPST on a dip at $1.15. We'll use a stop loss just under $1.00.

CPST's P&F chart is bullish with a $2.88 target. I'm setting our first target to take profits at $1.50. We'll tentatively set a second target at $1.85. Remember, just because the stock is "cheap" don't go overboard.

Entry on    August xx at $xx.xx <-- TRIGGER @ 1.15
Change since picked:     + 0.00   			
Earnings Date          11/09/09 (unconfirmed)    
Average Daily Volume:       4.8 million 
Listed on  August 29, 2009    


Ford Motor Co. - F - close: 7.60 change: -0.13 stop: 7.39

Ford dipped back toward the $7.50 region. I'm sticking with our plan to buy the stock at $7.85. More aggressive traders may want to jump in now. Our first target is just under the old highs at $8.80. Our second target is $9.40.

Entry on    August xx at $xx.xx <-- TRIGGER @ 7.85
Change since picked:     + 0.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:        90 million 
Listed on  August 27, 2009    


Fomento Economico Mexicano - FMX - close: 36.38 chg: -1.94 stop: 35.90

FMX is another Mexican stock traded in the U.S. that really under performed today. The Mexican market only lost about 0.8%. Yet FMX gave up 5% with a sharp drop toward support near $36.00. Our trigger to buy FMX was at $37.50. The play is now open but I'm not suggesting new positions at this time. Our first target to take profits is $40.00. Our second target to exit is $42.40. Currently the Point & Figure chart is bullish with a $66.00 target.

chart:

Entry on    August 31 at $37.50
Change since picked:     - 1.12   			
Earnings Date          10/26/09 (unconfirmed)    
Average Daily Volume:       766 thousand
Listed on  August 20, 2009    


IDEX Corp. - IEX - close: 26.44 change: -0.74 stop: 25.40

We've been expecting IEX to contract and shares lost 2.7% today. Look for a bounce from $26.00 and its 50-dma. I am not suggesting new positions at this time. 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:     + 0.34   			
Earnings Date          07/20/09 (confirmed)    
Average Daily Volume:       570 thousand
Listed on  July 25, 2009    


Imperial Oil - IMO - close: 35.86 change: -0.56 stop: 34.49

The sharp sell-off in China pushed commodities lower. The big drop in crude oil today weighed on the oil sector. IMO gapped down and hit $35.31 before bouncing back. I'm not convinced the pull back is over. Wait for another dip near $35.00. We want to trade small position sizes. 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:     - 0.91   			
Earnings Date          10/30/09 (unconfirmed)    
Average Daily Volume:       291 thousand
Listed on  August 19, 2009    


Jacobs Engineering - JEC - cls: 43.98 chg: -0.67 stop: 41.90

JEC dipped to its 30-dma and bounced. Volume was pretty light today. I'd like to see some follow through on this bounce and then we can use it as a new entry point to buy JEC. More conservative traders may want to raise their stops toward $43.00. Our first target is $49.75. Our second target is $53.00. Our time frame is four to six weeks.

Entry on    August 26 at $45.25 *triggered         
Change since picked:     - 1.27   			
Earnings Date          11/17/09 (unconfirmed)    
Average Daily Volume:       1.8 million 
Listed on  August 22, 2009    


J.P.Morgan Chase - JPM - close: 43.46 change: +0.54 stop: 39.99

JPM dipped to $42.00 and its 20-dma and rallied back into positive territory. More conservative trades may want to use a tighter stop near $42.00 that way if you get stopped out you can re-enter on a bounce from $40.00. Our target is $47.40. My time frame is about six weeks.

Entry on    August 21 at $43.50 *triggered (1/2 to 1/4 normal size)
Change since picked:     - 0.04   			
Earnings Date          07/16/09 (confirmed)    
Average Daily Volume:        55 million 
Listed on  July 18, 2009    


Morgan Stanley - MS - close: 28.96 change: -0.55 stop: 27.90

This morning Bank of America downgraded MS from a buy to a neutral. The stock reacted by gapping open lower at $28.64 but traders bought the dip near $28.20. The rebound looks like another bullish entry point. Or you could wait for a new move over 30.50 to launch positions.

MS has exceeded our first target at $31.50. We're currently aiming for our second target at $34.90 but MS has to breakout over resistance at $32.00 first.

Entry on    August 04 at $29.50 *triggered (1/2 position)  
Change since picked:     - 0.54
                              /1st target hit @ 31.50 (+6.7%)
Earnings Date          09/16/09 (unconfirmed)    
Average Daily Volume:        24 million 
Listed on  July 23, 2009    


Microsoft - MSFT - close: 24.65 change: -0.03 stop: 22.75

In spite of all the volatility this morning MSFT closed almost unchanged on the day. Wait for a bounce from the $23-24 region before launching new positions. Currently our target is $27.75.

Entry on      July 27 at $23.00
Change since picked:     + 1.65   			
Earnings Date          07/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


Playboy Ent. - PLA - close: 2.76 change: -0.01 stop: 2.45

PLA didn't move much today. Shares traded to breakout over $2.80 a couple of times but failed. Volume was very light. I'm suggesting readers buy the dip with a trigger to initiate positions at $2.65. Broken resistance near $2.50 and its 50-dma should be support so I'm listing the stop loss at $2.45.

If triggered at $2.65 our first target to take profits is at $3.30. Our second target is $3.95. FYI: The Point & Figure chart is bullish with a $7.50 target.

Entry on    August xx at $xx.xx <-- TRIGGER @ 2.65
Change since picked:     + 0.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       370 thousand
Listed on  August 29, 2009    


Oil States Intl. - OIS - close: 29.47 change: -0.68 stop: 27.95

Today's close under $30.00 is bearish. More conservative traders might want to up their stop closer to $29.00. I'd wait for a new rise up through the $30.00 or $30.25 levels before considering new bullish positions. Our first target is $34.00. Our second target is $38.00. My time frame is six to eight weeks.

Entry on    August 21 at $30.20 *triggered          
Change since picked:     - 0.73   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       738 thousand
Listed on  August 13, 2009    


Raytheon Co. - RTN - close: 47.18 change: -0.14 stop: 46.40

There is no change from my prior comments on RTN. We're still waiting for a breakout over resistance. Our trigger to buy the stock is at $48.65. We'll use a stop loss under the recent low. If triggered our first target is $52.50. Our second target is $54.85.

Entry on    August xx at $xx.xx <-- TRIGGER 48.65
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       2.7 million 
Listed on  August 22, 2009    


Ship Finance Intl. - SFL - close: 12.66 change: -0.11 stop: 11.70

SFL dipped to $12.20 and bounced. The big afternoon rebound looks like a new bullish entry point but more conservative traders may want to wait for a new rise over $13.00 to confirm the move. An alternative entry point would be to wait for a new rise over $13.50. Our first target is $14.80. Our second target is $17.00. Our time frame is several weeks.

Entry on    August 27 at $12.80 *triggered
Change since picked:     - 0.14   			
Earnings Date          11/27/09 (unconfirmed)    
Average Daily Volume:       499 thousand
Listed on  August 25, 2009    


Superior Energy - SPN - close: 18.23 change: -0.31 stop: 17.70

I would use the dip today as another entry point. More conservative traders can wait for some follow through and buy SPN on a rise over $18.60 or $19.00. Our first target to take profits is at $19.90. Our second and final target is at $21.75. I fully expect SPN to find resistance near $20.00 and its exponential 200-dma so the second target could take a while.

*New entry point*
Entry on    August 27 at $18.42 *new entry       
Change since picked:     - 0.19   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       927 thousand
Listed on  August 24, 2009    


TEVA Pharmaceuticals - TEVA - close: 51.50 change: -0.30 stop: 48.95

TEVA is still bouncing from the $51.00 level. More conservative traders may want to inch up their stops toward the $50 level. 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:     + 1.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  August 05, 2009    


Titan Machinery - TITN - close: 12.05 change: -0.48 stop: 11.90

TITN is now down four days in a row and shares lost 3.8% on Monday. The profit taking is starting to get serious. The close under the 50-dma and the 100-dma is bearish. Yet TITN has held the $12.00 level and its trendline of higher lows. Technically we want to buy the dip but considering this relative weakness I would prefer to see a bounce first and probably a bounce back over $12.50. Our upside targets are $14.75 and $15.85. FYI: The Point & Figure chart is bullish with a $19.00 target.

Entry on    August 15 at $12.55 /gap down entry
                              /originally listed at $13.12
Change since picked:     - 0.50   			
Earnings Date          09/15/09 (unconfirmed)    
Average Daily Volume:       248 thousand
Listed on  August 15, 2009    


BEARISH Play Updates

Akamai Tech. - AKAM - close: 17.64 chg: -0.47 stop: 19.11

AKAM lost 2.5% and finally closed under its 200-dma. I am not suggesting new positions at this time. Our first target is $16.25.

Entry on    August 11 at $18.44 
Change since picked:     - 0.80   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:      10.4 million 
Listed on  August 11, 2009    


Electronic Arts - ERTS - close: 18.22 change: -0.54 stop: 20.15

ERTS is moving our direction but the stock gapped open lower affecting our entry point. Shares opened at $18.31. If you don't want to open bearish positions now then look for a failed rally/bounce near $18.50-19.00. Our first target to take profits is at $17.05. Our second and final target is at $16.15. FYI: The P&F chart is currently bearish with a $14 target.

Entry on    August 29 at $18.31 /gap down entry
                              /originally listed at $18.76
Change since picked:     - 0.09   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       9.3 million 
Listed on  August 29, 2009    


CLOSED BULLISH PLAYS

Bristow Group - BRS - close: 29.20 change: -0.54 stop: 28.80

Our trade on BRS did not pan out. The market's swoon this morning was enough to push BRS under its August low, under its 200-ema and under its rising 100-dma. The low today was $28.75. Our stop loss was $28.80. The play is closed.

chart:

Entry on    August 24 at $31.00 /gap higher entry
                              /originally listed at $30.77
Change since picked:     - 2.20<-- stopped @ 28.80 (-7.0%)
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       289 thousand
Listed on  August 24, 2009    


Lindsay Corp. - LNN - close: 41.51 change: -1.69 stop: 41.95

Our aggressive trade on LNN has been stopped out. Our plan was to buy a breakout over resistance at $46.00. LNN hit our trigger at $46.25 and then proceeded to sell-off almost every day since. I would keep an eye on the $40.00 level, which should offer better support. Our original plan was to buy a dip at $40.10.

chart:

Entry on    August 25 at $46.25 *(small position sizes)
Change since picked:     - 4.30<-- stopped @ 41.95 (-9.2%)
Earnings Date          10/07/09 (unconfirmed)    
Average Daily Volume:       256 thousand
Listed on  August 17, 2009    


Weatherford Intl. - WFT - close: 19.95 change: -0.59 stop: 19.65

We have been trying to play WFT with a tight stop and it's just not cooperating. We can't really blame WFT today. The huge sell-off in China pushed crude oil lower and that drug the oil stocks down. WFT dipped to $19.55. Our stop loss was at $19.65. The play is closed. The plan was to trade small position sizes (at least 1/2 to 1/4 our normal trade size).

chart:

*2nd Try as of August 27*
Entry on    August 27 at $20.51 *new entry
Change since picked:     - 0.86<-- stopped @ 19.65 (-4.1%)
Earnings Date          10/19/09 (unconfirmed)    
Average Daily Volume:        11 million 
Listed on  August 26, 2009    


World Accept. Corp. - WRLD - cls: 26.03 chg: -0.32 stop: 25.45

We were also trying to play WRLD with a tight stop loss. We got triggered on Friday with the early morning blip above $27.00 and now we've been stopped out at $25.45 with the morning dip. I still think WRLD has potential. I would keep an eye on it for a move over $27.25 as a potential entry point for bullish positions.

chart:

Entry on    August 28 at $27.05
Change since picked:     - 1.60<--stopped @ 25.45 (-5.9%)
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       320 thousand
Listed on  August 26, 2009