The market's rally had three of our bullish candidates hitting triggers today.


BULLISH Play Updates

Apartment Investment & Mgmt - AIV - cls: 15.15 chg: +0.63 stop: 13.49

Our AIV play is off to a strong start. Shares gapped open higher at $14.72 and rallied to a 4.3% gain. If you wanted to see a more over $15.00 first then you got it. Our first target to take profits is at $16.50. Our second target is $18.50 but we may not have time. The plan is to exit ahead of the October 30th earnings report.

Entry on   October 07 at $14.72 /gap open higher
                            /originally listed at $14.52
Change since picked:     + 0.43   			
Earnings Date          10/30/09 (confirmed)    
Average Daily Volume:       3.6 million 
Listed on   October 07, 2009    


Airgas Inc. - ARG - close: 48.26 change: +0.25 stop: 45.85

ARG is reluctantly trading higher. The action today almost seemed bearish with the spike at the open and the drift lower. I'm still bullish but readers may want to give it another day or two and wait to see if shares retest their 30 or 50-dma as support before bouncing higher.

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:     + 1.01   			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


AZZ Inc. - AZZ - close: 39.17 change: -0.56 stop: 37.85

The action in AZZ today also seems short-term bearish. The stock gapped open higher but reversed at $40.50. I suspect AZZ will retest short-term support near $38.00 before moving higher. Look for that dip near $38.00 as an entry point. Our first target is $44.00. Our second target is $47.50.

Entry on   October 07 at $40.08 /gap open higher
                             /originally listed at $39.73
Change since picked:     - 0.91   			
Earnings Date          01/07/09 (unconfirmed)    
Average Daily Volume:       120 thousand
Listed on   October 07, 2009    


BE Aerospace - BEAV - close: 20.56 change: +0.57 stop: 17.90

The rebound in BEAV is now four days old. Shares are nearing resistance in the $21.00 region soon. I'm not suggesting new positions at this time. Our first target is $22.25.

Entry on September 12 at $19.19 
Change since picked:     + 1.37   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Check Point Software - CHKP - cls: 29.27 change: -0.13 stop: 27.35

The rally in CHKP looks like it could be due for a rest. I would expect a dip back toward $28.50 and possibly $28.00, which we can use as a new bullish entry point. Our first target is $32.50.

Entry on   October 06 at $29.19 
Change since picked:     + 0.08   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


Carpenter Tech. - CRS - close: 24.50 change: +0.67 stop: 21.90

Material-related stocks continue to show strength and CRS gained 2.8% on Thursday. I am not suggesting new positions at this time.

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:     + 3.05
                             /1st target hit @ 24.90 (+16.0%)
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       536 thousand
Listed on September 05, 2009    


DELL Inc. - DELL - close: 15.82 change: +0.46 stop: 14.75

DELL erased yesterday's losses and then some with a 2.99% rally today. Don't be surprised if DELL encounters a little resistance with the gap from September 21st.

Our first target to take profits is at $16.95. Our second target is $19.75. DELL doesn't move super fast so this play could take several weeks. We'll plan to exit ahead of the mid November earnings report.

Entry on   October 06 at $15.51 
Change since picked:     + 0.31   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


F5 Networks - FFIV - close: 40.66 change: +0.03 stop: 37.75

Lack of follow through on FFIV's breakout yesterday might suggest that FFIV needs to consolidation. Look for a dip back toward $40.00 as a new entry point. Our first target to take profits is at $44.50. I'd like to aim higher but we may not have time. Earnings are in a couple of weeks.

Entry on   October 07 at $40.63 
Change since picked:     + 0.03   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 07, 2009    


General Electric - GE - close: 16.22 change: +0.06 stop: 14.75

GE gapped open higher this morning and then slowly faded lower into the afternoon. Readers may want to wait for another test of the 30-dma before launching new positions. 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:     + 0.73
                            /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: 14.99 change: +0.06 stop: 12.99

Gold managed another new all-time high. The gold miners followed in its wake. Although it looks like momentum is slowing a bit. I would expect some profit taking but $14.00 should be short-term support.

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:     + 1.21   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


Starwood Hotels - HOT - close: 33.41 change: +0.52 stop: 28.95

HOT continues to march higher but I wouldn't open new positions at this time. Our plan was to use small position sizes to limit our risk.

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:     + 2.41   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 19, 2009    


Microsoft - MSFT - close: 25.67 change: +0.57 stop: 23.70

MSFT displayed some relative strength after a positive review for the Windows 7 software due out in a few weeks. Shares of MSFT gained 2.2%. Our target is $27.75.

Entry on      July 27 at $23.00
Change since picked:     + 2.67   			
Earnings Date          07/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 30.38 change: +0.39 stop: 27.60

NIHD hit our new entry point at $30.60 this morning. The plan was to use small position sizes (1/2 to 1/4 normal size) to limit risk. Our first target is $33.75. FYI: The P&F chart is very bullish with a $57 target.

chart:

Entry on   October 08 at $30.60
Change since picked:     - 0.22   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Petrobras - PBR - close: 47.44 change: +1.25 stop: 43.70

Our new play in PBR is now open. Strength in the oil sector allowed PBR to breakout to new 2009 highs. We had a trigger to open bullish positions at $46.80.

Our first target is $52.50. Please note that there is some resistance at $50.00 and I would expect a pull back on the initial test of the $50 level. Our second target is $59.00. The P&F chart is bullish with a $63 target.

chart:

Entry on   October 08 at $46.80
Change since picked:     + 0.64   			
Earnings Date          11/13/09 (unconfirmed)    
Average Daily Volume:      12.8 million 
Listed on   October 07, 2009    


Patriot Coal - PCX - close: 12.82 change: +0.50 stop: 9.95

PCX is still out performing. The stock gapped open higher and spent most of the day consolidating sideways under the $13.00 level. I'd expect some profit taking soon.

I'm using a wide stop loss given PCX's recent volatility. 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:     + 0.68   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       6.4 million 
Listed on   October 05, 2009    


Pride Intl. Inc. - PDE - close: 31.96 change: +0.94 stop: 28.25

Our bullish play on PDE is now open. Shares hit the trigger at $31.15 (actually gapping open at $31.16). The stock displayed relative strength with a 3% gain. Yet now PDE is testing resistance near $32.00. This would be a logical spot to expect some profit taking. If you missed the entry point near $31.00 you may get another chance soon.

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

chart:

Entry on   October 08 at $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: 2.94 change: +0.07 stop: 2.69

I had been growing concerned about PLA's relative weakness recently. The stock alleviated some of that concern with a 2.4% bounce today. I hesitate to suggest new positions at this time but traders could do so with a tight stop near $2.80.

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:     + 0.29 
                            /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: 39.06 change: +1.31 stop: 33.40

PXD is still showing a lot of relative strength and I'm starting to regret not buying the breakout on Tuesday. I don't want to chase it now with PXD nearing possible resistance at $40.00.

We'll keep the trigger at $36.50 for now. 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: 41.81 change: +0.55 stop: 39.95

Hmm... I was prepared to drop ROK as a bullish candidate today. Yet the stock gained 1.3% versus a 0.7% gain for the S&P 500. We'll give it one more day. If there isn't any follow through tomorrow we'll drop it. I'm not suggesting new bullish 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:     - 1.90   			
Earnings Date          11/10/09 (unconfirmed)    
Average Daily Volume:       1.4 million 
Listed on September 10, 2009    


Market Vectors: Steel - SLX - close: 54.78 change: +1.44 stop: 49.95 *new*

Target achieved. The steel and metal stocks continued to rally and the SLX gained 2.69%. Shares hit $55.10 intraday. Our first target to take profits was at $54.75. I am raising our stop loss to $49.95. I'm not suggesting new positions at this time. Our second target is $59.50. Our time frame is several weeks.

chart:

Entry on   October 01 at $50.25 *triggered
Change since picked:     + 4.53   			
                            /1st target hit @ 54.75 (+8.9%)
Earnings Date          00/00/00 
Average Daily Volume:       309 thousand
Listed on September 19, 2009    


Stryker Corp. - SYK - close: 44.62 change: +0.01 stop: 42.49

The action in SYK has not been very encouraging. The stock is struggling to build on its recent bounce. I would hesitate to launch new positions at this time and might be more inclined to exit early and look for opportunities elsewhere.

Our first target is $47.75.

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 0.08   			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


Tractor Supply Co. - TSCO - close: 53.01 change: +2.21 stop: 47.40

TSCO almost hit our target today. Retail stocks reacted strongly to the news that September retail sales came in better than the market expected. This morning TSCO reaffirmed their earnings guidance and garnered some positive analyst comments, which probably accounted for the stock gapping open higher. I would expect TSCO to fill the gap, which means a dip back toward $51.00.

Our first target to take profits is at $54.75. Our second target is $57.45. FYI: The Point & Figure chart is very bullish with a $72 target.

Entry on   October 06 at $50.56 
Change since picked:     + 2.45   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       384 thousand
Listed on   October 06, 2009    


VisionChina Media - VISN - close: 9.02 change: +0.49 stop: 7.45

Our aggressive, high-stakes bet on VISN is off to a good start. Shares rallied 5.7% on Thursday. I don't see any changes from my new play description on Wednesday night.

I would use very small position sizes. Our first target is $10.90. Our second target is $13.75. The Point & Figure chart is bullish with a $15.00 target. My time frame is several weeks (maybe year end).

Entry on   October 07 at $ 8.53 
Change since picked:     + 0.49   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       407 thousand
Listed on   October 07, 2009    


BEARISH Play Updates

*We currently do not have any bearish play updates*


CLOSED BULLISH PLAYS

Cullen Frost Bankers - CFR - close: 50.07 change: -0.37 stop: 48.90

I'm giving up on CFR. We've been growing more and more cautious given the stock's under performance. Today the stock retested support near $50.00 and its 50-dma and acts like it wants to move lower. The MACD has produced a new sell signal on the daily chart. I'm suggesting an early exit now.

chart:

Entry on September 26 at $50.42 
Change since picked:     - 0.35  early exit (-0.006%)
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       419 thousand
Listed on September 26, 2009