BULLISH Play Updates

Airgas Inc. - ARG - close: 48.15 change: +0.55 stop: 45.85 *new*

Bingo! ARG is providing a new bullish entry point with today's performance. I am raising our stop loss to $45.85.

Our first target is $52.45. Our second target is $54.85. More aggressive traders could aim higher. The Point & Figure chart is bullish and predicting a $77 target.

Entry on September 25 at $47.25
Change since picked:     + 0.90   			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


BE Aerospace - BEAV - close: 19.21 change: +0.33 stop: 17.90

The rebound in BEAV delivered a 1.7% gain. Shares are still under their 10-dma and still under the $20.00 mark. I would have liked to see more of a pop in BEAV. If you're opening positions now consider a slightly tighter stop loss. Our first target is $22.25.

Entry on September 12 at $19.19 
Change since picked:     + 0.02   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Cullen Frost Bankers - CFR - close: 50.41 change: -0.18 stop: 48.90

Wow! I'm very surprised at how CFR is under performing the market and its peers. Shares started out higher but fell back to round-number support at $50.00 this afternoon. The overall trend is still bullish but more conservative traders may want to raise their stops a bit. I'm not suggesting new positions at this time. Our first target is $53.00.

Entry on September 26 at $50.42 
Change since picked:     - 0.01   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       419 thousand
Listed on September 26, 2009    


Carpenter Tech. - CRS - close: 23.74 change: +0.21 stop: 21.45

After yesterday's huge bounce it's not surprising to see CRS stall a bit.

CRS has already hit our first target. Our secondary target is $27.40.

Entry on September 05 at $21.45 /gap higher entry
                             /originally listed at $20.92
Change since picked:     + 2.29
                             /1st target hit @ 24.90 (+16.0%)
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       536 thousand
Listed on September 05, 2009    


General Electric - GE - close: 16.08 change: +0.25 stop: 14.75

The close over $16.00 is bullish but shares failed to breakout over the 10-dma. I'm not suggesting new positions at this time.

GE has already hit our first target. We're currently aiming for $18.50. I do consider this an aggressive trade so we want to keep our positions small.

Entry on September 14 at $15.49 /gap higher entry
                             /originally listed at $15.35
Change since picked:     + 0.59
                            /1st target hit @ 17.25 (+11.3%)
Earnings Date          10/16/09 (confirmed)    
Average Daily Volume:        83 million 
Listed on September 14, 2009    


Gold Fields Ltd - GFI - close: 14.89 change: +0.92 stop: 12.99

Gold futures soared to new all-time highs near $1,040 an ounce on dollar weakness. This lifted the gold mining stocks. GFI gained 6.5%. If you're looking for an entry point consider using a dip near $14.00.

Our first target is $15.75. I'm adding a second target at $19.75. The Point & Figure chart is very bullish with a $21 target.

Entry on September 30 at $13.78 
Change since picked:     + 1.11   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


Starwood Hotels - HOT - close: 32.69 change: +1.71 stop: 28.95

The bounce in HOT is starting to pick up steam. Shares gained 5.5%. Remember to use very small position sizes.

Our first target is $34.75. I am adjusting our second target to $39.00. FYI: HOT has above average short interest (more than 15% of the float).

Entry on   October 01 at $31.00
Change since picked:     + 1.69   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 19, 2009    


Microsoft - MSFT - close: 25.11 change: +0.47 stop: 23.70

MSFT is still bouncing from its three-month trendline. I don't see any changes from my prior comments. Our target is $27.75.

Entry on      July 27 at $23.00
Change since picked:     + 2.11   			
Earnings Date          07/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 29.04 change: +0.08 stop: 24.90

NIHD under performed the market today. Yet we might want to adjust our entry point strategy. Right now the plan is to buy a dip at $26.75. We may want to change it to buy a breakout over $30.00 or 30.50.

If triggered our first target is $31.00. FYI: The P&F chart is very bullish with a $57 target.

Entry on September xx at $xx.xx <-- TRIGGER @ 26.75
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Patriot Coal - PCX - close: 12.04 change: +0.26 stop: 9.95

Shares of PCX gapped open higher this morning. That affected our entry point and I've made the adjustment. I'm still bullish here but readers may want to wait for a dip in the $11.50-11.00 zone before initiating positions.

I'm using a wide stop loss given PCX's recent volatility. Buy the stock now. We'll take profits at $13.90. We'll cautiously set a secondary target at $16.75 but the plan is to exit ahead of the late October earnings report.

Entry on   October 05 at $12.14 /gap open higher
                            /originally listed at $11.78
Change since picked:     - 0.10   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       6.4 million 
Listed on   October 05, 2009    


Pride Intl. Inc. - PDE - close: 30.39 change: +0.67 stop: 28.25

I am adjusting our entry point on PDE. Instead of waiting for a dip near $27.00 I'm adjusting our trigger to $31.15. Our new stop loss will be $28.25, just under last Friday's low.

If triggered our first target is $34.75. We'll plan to exit ahead of the late October earnings report.

Entry on September xx at $xx.xx <-- see TRIGGER @ 31.15
Change since picked:     + 0.00   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on September 12, 2009    


Playboy Ent. - PLA - close: 2.88 change: -0.00 stop: 2.69

I am growing more concerned about the recent relative weakness in PLA. The stock has under performed the market these last two days. More conservative traders may want to exit early or raise their stops. I'm not suggesting new positions at this time.

Our second target remains the $3.95 level. FYI: The Point & Figure chart is bullish with a long-term $7.50 target.

Entry on September 01 at $ 2.65
Change since picked:     + 0.23 
                            /take profits 09/16/09 (+17.7%)
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       370 thousand
Listed on  August 29, 2009    


Pioneer Natural Res. - PXD - cls: 37.49 change: +1.38 stop: 33.40

We need to change our entry point strategy. PXD is breaking out past resistance with today's 3.8% gain. I'm adjusting our trigger to buy a dip at $36.50. We'll use a new stop at 33.40.

If triggered our first target is $39.95. Our second target is $43.50. The Point & Figure chart is bullish with a $50 target.

Entry on September xx at $xx.xx <-- TRIGGER @ 36.50
Change since picked:     + 0.00   			
Earnings Date          11/04/09 (unconfirmed)    
Average Daily Volume:       2.1 million 
Listed on September 26, 2009    


Rockwell Automation - ROK - close: 41.85 change: +0.56 stop: 39.95

ROK is still struggling with short-term resistance at $42.00. Consider using a new move over today's high (42.24) before initiating new positions. Our first target is the $49.00 mark. Our time frame is several weeks.

Entry on September 10 at $43.71 /gap higher entry
                           /originally listed at $43.15
Change since picked:     - 1.86   			
Earnings Date          11/10/09 (unconfirmed)    
Average Daily Volume:       1.4 million 
Listed on September 10, 2009    


Market Vectors: Steel - SLX - close: 52.85 change: +0.62 stop: 47.49

Steel stocks continue to bounce and the SLX gained 1.1%.

Our first target is $54.75. Our second target is $59.50. Our time frame is several weeks.

Entry on   October 01 at $50.25 *triggered
Change since picked:     + 2.60   			
Earnings Date          00/00/00 
Average Daily Volume:       309 thousand
Listed on September 19, 2009    


Stryker Corp. - SYK - close: 44.54 change: +0.61 stop: 42.49 *new*

Entry point alert! We were waiting for SYK to dip to $42.50 and shares spiked down to $42.74 this morning. Traders rushed in to buy the dip and SYK rallied back into positive territory with above average volume.

I'm adjusting our entry point to current levels. Buy SYK now and we'll raise our stop loss to $42.49. There is still some resistance at $46.00 but our first target is $47.75.

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 0.00   			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


BEARISH Play Updates

*We currently do not have any bearish play updates*


CLOSED BEARISH PLAYS

Eli Lilly & Co - LLY - close: 33.02 change: +0.55 stop: 32.85

The market acts like it doesn't want to go down so I'm dropping LLY as a bearish candidate. The larger trend for the stock is still bearish but I doubt we'll have enough time before we'd have to exit ahead of LLY's earnings report. Shares of LLY never hit our trigger at $31.85.

chart:

Entry on September xx at $xx.xx <-- TRIGGER 31.85
Change since picked:     + 0.00   			*never opened*
Earnings Date          10/20/09 (unconfirmed)    
Average Daily Volume:       6.6 million 
Listed on September 26, 2009    


U.S. Oil ETF - USO - close: 36.54 change: +0.36 stop: 37.25

I am giving up early on our bearish USO play. The weakness in the dollar is fueling a rally in commodities and I expect this trend to continue. Technically the USO has not yet broken resistance at its old trendline of support but I suggest investors exit early here.

chart:

Entry on   October 03 at $35.87 
Change since picked:     + 0.67 <-- exit early @ 36.54 (+1.8%)
Earnings Date          00/00/00 
Average Daily Volume:      13.7 million 
Listed on   October 03, 2009