We've trimmed a couple of candidates off the play list and updated several stop losses.


BULLISH Play Updates

Apartment Investment & Mgmt - AIV - cls: 15.30 chg: -0.17 stop: 13.49

The rally in AIV is looking a little tired. Shares should have short-term support near $15.00, near $14.50 and then again at $14.00 with the rising 30-dma. 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:     + 0.58   			
Earnings Date          10/30/09 (confirmed)    
Average Daily Volume:       3.6 million 
Listed on   October 07, 2009    


Airgas Inc. - ARG - close: 48.40 change: +0.09 stop: 45.85

I've been expecting a dip toward $47.00 and its 50-dma. ARG didn't quite get there today with a dip to $47.71. Traders bought the dip but I remain cautious here. More conservative traders may want to raise their stops toward the 50-dma near $46.70.

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:     + 1.15   			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


AZZ Inc. - AZZ - close: 39.28 change: -0.27 stop: 37.85

AZZ bounced four times in the $38.40-38.50 zone on Tuesday. A rebound from here would be encouraging because right now some of the technical indicators are starting to turn bearish. I'd be tempted to buy a clearly defined bounce from $38.00. Otherwise wait for a new move over $40.00. 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:     - 0.80   			
Earnings Date          01/07/09 (unconfirmed)    
Average Daily Volume:       120 thousand
Listed on   October 07, 2009    


BE Aerospace - BEAV - close: 20.58 change: -0.04 stop: 18.49

I would still expect a dip toward $20.00 in BEAV. I'm not suggesting new positions at this time. Our target is $22.25.

Entry on September 12 at $19.19 
Change since picked:     + 1.39   			
Earnings Date          10/27/09 (confirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Cracker Barrel - CBRL - close: 36.28 chg: -0.32 stop: 32.80

CBRL suffered a little bit of profit taking. A dip or a bounce near $35.00 could be used as a new entry point. 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:     + 0.28   			
Earnings Date          11/24/09 (unconfirmed)    
Average Daily Volume:       322 thousand
Listed on   October 10, 2009    


Check Point Software - CHKP - cls: 29.74 change: -0.14 stop: 27.35

The rally in CHKP may be running low on steam. Today was the second day in a row that the stock garnered positive analyst comments and yet shares didn't move on the news today. I warned readers yesterday that the $30.00 level could be round-number resistance and shares were probably due for a little pull back. 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:     + 0.55   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


Capstone Turbine - CPST - close: 1.41 change: +0.05 stop: 1.18

CPST is bouncing and the move today looks like another entry point to open bullish positions. Our first target is $1.75. 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:     + 0.01   			
Earnings Date          11/09/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on   October 10, 2009    


Carpenter Tech. - CRS - close: 23.49 change: -0.10 stop: 21.90

CRS bounced from its rising 40-dma this morning. 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:     + 2.04
                             /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: 15.31 change: -0.11 stop: 14.75

DELL inched closer to its 50-dma. Odds are good that shares will be higher tomorrow as tech stocks react to Intel's better than expected earnings report. I am suggesting new positions here.

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:     - 0.20   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


F5 Networks - FFIV - close: 42.65 change: +0.97 stop: 38.45 *new*

FFIV continues to show relative strength. The stock gained 2.3% and closed at new 52-week highs. I'm not suggesting new positions at these levels. Consider waiting for a dip near $40.00. Please note our new stop at $38.45. 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:     + 2.02   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 07, 2009    


General Electric - GE - close: 16.39 change: +0.06 stop: 15.49 *new*

We've got two days left. I'm raising our stop loss to $15.49. I'm not suggesting new positions at this time. 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:     + 0.90
                            /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: 15.05 change: +0.39 stop: 12.99

Another new high for gold fueled some strength in the gold miners. GFI gained 2.6%. I'd prefer to open new positions on a dip near $14.00 but shares have been trading in a $14.50-15.00 zone lately.

Our first target is $15.75. Our second target is $19.75 but that may be a little optimistic given our time frame. We plan to exit ahead of the late October earnings report. The Point & Figure chart is very bullish with a $21 target.

Entry on September 30 at $13.78 
Change since picked:     + 1.27   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


Starwood Hotels - HOT - close: 33.97 change: +0.88 stop: 29.90 *new*

HOT out performed the market with a 2.6% gain. Shares are challenging yesterday's highs near $34.00. I'm inching our stop loss up to $29.90. 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:     + 2.97   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 19, 2009    


Microsoft - MSFT - close: 25.81 change: +0.09 stop: 24.40

Intel's earnings results could be a catalyst to push MSFT above resistance near $26.00. I'm not suggesting new positions at this time. MSFT reports earnings on October 23rd, which gives about two weeks left for this play. Our target is $27.75.

Entry on      July 27 at $23.00
Change since picked:     + 2.81   			
Earnings Date          10/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 30.22 change: -0.56 stop: 27.60

I'm growing concerned about the rebound in NIHD. It's starting to falter and some of the short-term technicals are beginning to hint at a bearish move lower. I would be concerned if it closed under the $29.75 level. The only consolation today is the very low volume. 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:     - 0.38   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Petrobras - PBR - close: 48.48 change: +0.20 stop: 43.70

PBR out performed its peers in the oil sector today but I wouldn't be surprised to see a dip soon. Broken resistance in the $46.50-46.00 zone should be support.

The $50.00 level is probably 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:     + 1.68   			
Earnings Date          11/13/09 (unconfirmed)    
Average Daily Volume:      12.8 million 
Listed on   October 07, 2009    


Patriot Coal - PCX - close: 13.02 change: +0.25 stop: 9.95

We've been expecting a little correction after PCX's big bounce. I'm not convinced that today's gain cancels out yesterday's bearish reversal. I'd still look for a deeper pull back before the stock moves much higher.

I'm using a wide stop loss given PCX's recent volatility. We'll take profits at $13.90. I've optimistically 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:     + 0.88   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       6.4 million 
Listed on   October 05, 2009    


Pride Intl. Inc. - PDE - close: 30.97 change: -0.96 stop: 29.49 *new*

Uh-oh! PDE has produced a short-term bearish reversal here. Yet the selling stalled near support at $31.00. What also concerns me is the volume today, which was well above the average. More conservative traders may want to exit early or scale down their position sizes. I'm raising our stop loss to $29.49. If PDE continues lower I'm watching technical support at the rising 30-dma.

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:     - 0.18   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on September 12, 2009    


Playboy Ent. - PLA - close: 3.57 change: +0.22 stop: 2.95 *new*

Breakout! Shares of PLA continue to scream higher. Shares added another 6.5% and rushed past their May 2009 highs. PLA also closed above potential round-number resistance at $3.50. More conservative traders may want to exit early with the stock this overbought. I'm raising our stop loss to $2.95. If that's not tight enough for you then consider a stop closer to $3.20.

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

Entry on September 01 at $ 2.65
Change since picked:     + 0.92 
                            /take profits 09/16/09 (+17.7%)
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       370 thousand
Listed on  August 29, 2009    


Market Vectors: Steel - SLX - close: 55.27 change: +0.42 stop: 49.95

The bounce in the SLX looks a little tired here. I wouldn't be surprised to see a little consolidation lower. 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:     + 5.02   			
                            /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: 45.34 change: -0.06 stop: 43.90 *new*

I remain very cautious on SYK but not wary enough to drop it. Let's raise our stop loss to $43.90. More aggressive traders can keep their stop under the 50-dma. I'm not suggesting new positions.

Our first target is $47.75.

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 0.80  			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


Tractor Supply Co. - TSCO - close: 53.19 change: -0.52 stop: 48.90 *new*

We've been expecting a correction in TSCO. Shares need to fill the gap and that means a dip back toward $51.00. Please note our new stop loss at $48.90. I am lowering our first target from $54.75 to $54.40. Our second target is $57.45 but that's probably too aggressive given our time frame. I would exit the majority of our position at $54.40. We need to exit ahead of the October 21st earnings report. 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 (confirmed)    
Average Daily Volume:       384 thousand
Listed on   October 06, 2009    


VisionChina Media - VISN - close: 8.52 change: -0.20 stop: 7.45

VISN erased yesterday's bounce. We've been expecting a dip back toward what should be support in the $8.15-8.00 zone. Look for a bounce near $8.00 as a new entry point. Remember, this is a very aggressive trade and we want to keep our positions small.

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:     - 0.01   			
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

Parker Hannifin - PH - close: 52.23 change: -0.55 stop: 49.90

I'm dropping PH as a bullish candidate. The trend is still bullish. I just don't think we have enough time for PH to hit our trigger and then rally toward our target before the company reports earnings on October 20th.

chart:

Entry on   October xx at $xx.xx <-- TRIGGER 
Change since picked:     + 0.00   		*never opened*
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       1.6 million 
Listed on   October 10, 2009    


Pioneer Natural Res. - PXD - cls: 40.66 change: +0.46 stop: 33.40

I'm giving up on getting a decent entry point on PXD. The stock is very short-term overbought but it's not showing any sighs of slowing down. I wouldn't want to chase it at these levels. I'm moving it to my personal watch list and will wait for a better entry point down the road.

chart:

Entry on September xx at $xx.xx <-- TRIGGER
Change since picked:     + 0.00   		*never opened*
Earnings Date          11/04/09 (unconfirmed)    
Average Daily Volume:       2.1 million 
Listed on September 26, 2009