Monday turned out to be a relatively quiet session with the bond market closed and investors waiting for earnings season to pick up speed.


BULLISH Play Updates

Apartment Investment & Mgmt - AIV - cls: 15.47 chg: +0.08 stop: 13.49

AIV added another 0.5% on Monday. We can look for short-term support at $15.00 and $14.50. More conservative traders may want to raise their stop toward $14.00. 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:     + 0.75   			
Earnings Date          10/30/09 (confirmed)    
Average Daily Volume:       3.6 million 
Listed on   October 07, 2009    


Airgas Inc. - ARG - close: 48.31 change: -0.17 stop: 45.85

ARG is still struggling with the $49.00 level. I would expect a dip toward $47.00 or its 50-dma.

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:     + 1.06   			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


AZZ Inc. - AZZ - close: 39.55 change: -0.73 stop: 37.85

AZZ has been showing some volatility lately with an up one day down the next march higher. I'm cautious with the stock under $40.00. Consider buying another bounce near $38.00. 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:     - 0.53   			
Earnings Date          01/07/09 (unconfirmed)    
Average Daily Volume:       120 thousand
Listed on   October 07, 2009    


BE Aerospace - BEAV - close: 20.62 change: -0.37 stop: 18.49 *new*

This could be a short-term top for BEAV. The stock rallied to $21.36 and reversed. Look for support near $20.00. I'm raising our stop loss to $18.49. I'm not suggesting new positions at this time. Our target is $22.25.

Entry on September 12 at $19.19 
Change since picked:     + 1.43   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Cracker Barrel - CBRL - close: 36.60 chg: +0.60 stop: 32.80

CBRL hit another new high today. I don't see any changes from my weekend comments. If you don't want to chase it here wait for a dip near $35.00. Our first target is $39.75. The Point & Figure chart is forecasting a $57 target.

Entry on   October 10 at $36.00 
Change since picked:     + 0.60   			
Earnings Date          11/24/09 (unconfirmed)    
Average Daily Volume:       322 thousand
Listed on   October 10, 2009    


Check Point Software - CHKP - cls: 29.88 change: +0.26 stop: 27.35

CHKP garnered some positive analyst comments today. The stock gained another 0.8% and is nearing round-number resistance at $39.00. I would prefer to open new positions on a dip near $28.50. Our first target is $32.50.

Entry on   October 06 at $29.19 
Change since picked:     + 0.69   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


Capstone Turbine - CPST - close: 1.36 change: -0.04 stop: 1.18

I would still consider new positions here but readers may want to wait for a dip near $1.30 or the 50-dma. Our first target is $1.75. Our second target is $1.95 but that may be too aggressive given our time frame. We don't want to hold over the November earnings report. FYI: The Point & Figure chart is bullish with a $2.75 target.

Entry on   October 10 at $ 1.40 
Change since picked:     - 0.04   			
Earnings Date          11/09/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on   October 10, 2009    


Carpenter Tech. - CRS - close: 23.59 change: -0.35 stop: 21.90

CRS displayed some volatility this morning with a gap down at $22.73 and a high of $24.75. I'm 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:     + 2.14
                             /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: 15.42 change: -0.39 stop: 14.75

I warned readers over the weekend that Friday's action looked bearish. Shares lost 2.4% on some follow through lower. We can look for support near $15.00 and its 50-dma. Readers may want to wait for a bounce before considering new positions.

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:     - 0.09   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


F5 Networks - FFIV - close: 41.68 change: +0.39 stop: 37.75

FFIV hit another new relative high today. I would 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:     + 1.05   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 07, 2009    


General Electric - GE - close: 16.33 change: +0.15 stop: 14.75

GE is still drifting sideways under short-term resistance at $16.50. I'm not suggesting new positions at this time. Please note that we will plan to exit on Thursday, October 15th at the closing bell to avoid holding over earnings on Friday morning.

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:     + 0.84
                            /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: 14.66 change: +0.02 stop: 12.99

Gold stocks were showing a little relative weakness even though gold futures rallied on the session. GFI gained a mere two cents versus a fractional loss for the XAU index and the GDX gold miner ETF. Watch for $14.00 to act as 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:     + 0.88   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


Starwood Hotels - HOT - close: 33.09 change: -0.17 stop: 29.49

HOT spiked to $34.09 this morning but eventually closed lower on the session. If you're looking for a new entry point I'd watch for a bounce in the $31.00-32.00 zone. I'm upping our stop loss to $29.49. 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:     + 2.09   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 19, 2009    


Microsoft - MSFT - close: 25.72 change: +0.17 stop: 24.40

MSFT is still churning sideways. I don't see any changes from my weekend comments. MSFT reports earnings on October 23rd, which gives about two weeks left for this play. I am raising our stop loss to $24.40. Our target is $27.75.

Entry on      July 27 at $23.00
Change since picked:     + 2.72   			
Earnings Date          10/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 30.78 change: +0.40 stop: 27.60

NIHD is still bouncing and shares are nearing potential resistance at the September and 2009 highs around $31.30. More conservative traders may want to raise their stops. 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.

Entry on   October 08 at $30.60
Change since picked:     + 0.18   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Petrobras - PBR - close: 48.28 change: +0.32 stop: 43.70

PBR hit another new high for the year. If you are looking for a new entry point I'd wait for a dip near $46.50.

The $50.00 level is likely round-number, psychological resistance so don't be surprised to see PBR pull back on its initial test of the $50 mark.

Our first target is $52.50. Our second target is $59.00. The P&F chart is bullish with a $63 target.

Entry on   October 08 at $46.80
Change since picked:     + 1.48   			
Earnings Date          11/13/09 (unconfirmed)    
Average Daily Volume:      12.8 million 
Listed on   October 07, 2009    


Patriot Coal - PCX - close: 12.77 change: -0.30 stop: 9.95

PCX was looking short-term overbought so it's natural go see some profit taking. I'd look for a dip toward the $11.75-11.00 zone.

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:     + 0.63   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       6.4 million 
Listed on   October 05, 2009    


Pride Intl. Inc. - PDE - close: 31.93 change: +0.42 stop: 28.25

I want to urge caution here. The action in PDE looks like a short-term top or bearish reversal although it needs confirmation first. Watch for PDE to find support at $31.00 and $30.00.

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

Entry on   October 08 at $31.15
Change since picked:     + 0.78   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on September 12, 2009    


Playboy Ent. - PLA - close: 3.35 change: +0.18 stop: 2.78

I'm still not seeing any news on this rally in PLA but I'm not complaining. The stock is up another 5.6% in what could be short covering or takeover speculation. There has been some discussion that Hugh Hefner may be open to selling the company.

The stock tested resistance near $3.40 this morning. It might be time for a little profit taking. 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:     + 0.70 
                            /take profits 09/16/09 (+17.7%)
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       370 thousand
Listed on  August 29, 2009    


Parker Hannifin - PH - close: 52.78 change: -0.09 stop: 49.90

PH did provide a dip but the low of $52.35 wasn't deep enough. I'm suggesting readers use a trigger to buy PH on a dip at $51.75. If triggered our first target is $55.75. Keep in mind that this is going to be a very short-term play. PH has earnings on October 20th and we don't want to hold over the report.

Entry on   October xx at $xx.xx <-- TRIGGER @ 51.75
Change since picked:     + 0.00   			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       1.6 million 
Listed on   October 10, 2009    


Pioneer Natural Res. - PXD - cls: 40.20 change: +0.67 stop: 33.40

PXD is growing more overbought by the day. I'm unwilling to chase it here. If we don't see some profit taking tomorrow I'll drop it.

We'll keep the trigger to buy a dip 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    


Market Vectors: Steel - SLX - close: 54.85 change: -0.15 stop: 49.95

SLX is still testing resistance in the $55-56 zone. It might be time for a little pull back. I'm not suggesting new positions at this time. SLX has already hit our first target at $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:     + 4.60   			
                            /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: 45.40 change: -0.12 stop: 42.49

The short-term trend in SYK is still up but I remain cautious on the stock. More conservative traders may want to raise their stops a bit.

Our first target is $47.75.

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 0.86   			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


Tractor Supply Co. - TSCO - close: 53.71 change: +0.38 stop: 47.40

TSCO retested last week's high but failed to close above it. The stock is very short-term overbought and due for a pull back. 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:     + 3.15   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       384 thousand
Listed on   October 06, 2009    


VisionChina Media - VISN - close: 8.72 change: +0.20 stop: 7.45

VISN may have posted a gain but the action today was bearish. The stock produced a failed rally under $9.00 this morning. I am still expecting a dip toward $8.15-8.00.

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:     + 0.19   			
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*