The trend is up and we're updating a few more stop losses after last week's gains.


BULLISH Play Updates

Apartment Investment & Mgmt - AIV - cls: 15.07 chg: -0.61 stop: 13.95

As expected AIV dipped toward short-term support near $15.00. If it breaks this level we can look for a bounce near $14.50, which is near the trendline of higher lows. Wait for a bounce before considering new bullish positions.

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.

Annotated chart:

Entry on   October 07 at $14.72 /gap open higher
                            /originally listed at $14.52
Change since picked:     + 0.35   			
Earnings Date          10/30/09 (confirmed)    
Average Daily Volume:       3.6 million 
Listed on   October 07, 2009    


Airgas Inc. - ARG - close: 50.45 change: -0.06 stop: 46.90

ARG held up pretty well on Friday. Shares quickly bounced from the Friday morning low. I'm not suggesting new positions at this time. Keep an eye on the $49.00 and $48.00 levels as support.

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.

Annotated chart:

Entry on September 25 at $47.25
Change since picked:     + 3.20  			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


BE Aerospace - BEAV - close: 21.09 change: -0.04 stop: 19.25

I remain cautious optimistic on BEAV but I wouldn't open new positions at this time. Traders bought the dip on Friday and BEAV closed virtually unchanged. I'm adding a target. Our first target is $22.25 and I'd exit about 75% of our position there. We'll put a second target at $24.00. Keep in mind that we'll exit ahead of the October 27th earnings report.

Annotated chart:

Entry on September 12 at $19.19 
Change since picked:     + 1.90   			
Earnings Date          10/27/09 (confirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Sotheby's - BID - close: 18.49 change: -0.37 stop: 16.80

BID has pulled back toward $18.00 again and traders bought the dip a second time. This time shares were supported by the rising 10-dma. I would use this as another bullish entry point.

I would use small positions (about 1/2 to 1/4 your normal trade size) to limit risk. Our first target is $19.95 since the $20.00 mark could be round-number resistance. Our second target is $22.00. Currently the Point & Figure chart is bullish with a $30 target. We do not want to hold over the early November earnings report.

Annotated chart:

Entry on   October 13 at $18.21 
Change since picked:     + 0.28   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       861 thousand
Listed on   October 13, 2009    


Cracker Barrel - CBRL - close: 36.38 chg: +0.03 stop: 34.40

Momentum indicators are struggling and we're starting to see some bearish divergences. If you open new positions I would make them small positions. More conservative traders may want to cut their position size.

The $35.00 level should offer some support. Wait for a bounce from $35.00 before considering new bullish positions. Our first target is $39.75. The Point & Figure chart is forecasting a $57 target.

Annotated chart:

Entry on   October 10 at $36.00 
Change since picked:     + 0.38   			
Earnings Date          11/24/09 (unconfirmed)    
Average Daily Volume:       322 thousand
Listed on   October 10, 2009    


Check Point Software - CHKP - cls: 29.60 change: -0.09 stop: 27.90

Our time frame just changed. We have three days left. CHKP is expected to report earnings on Thursday morning. We need to exit on Wednesday at the closing bell (or earlier). I'm not suggesting new positions at this time.

Previously I suggested that CHKP was poised to dip toward $29.00. It hasn't got there yet and it could still happen. Our target is $32.50, which given our new time frame is probably too optimistic.

Annotated chart:

Entry on   October 06 at $29.19 
Change since picked:     + 0.41   			
Earnings Date          10/22/09 (confirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


Capstone Turbine - CPST - close: 1.38 change: -0.03 stop: 1.24

CPST has been churning sideways the last few days. Nothing has changed from my prior comments. I'd still consider new positions now but readers may want to wait for a move over $1.45. 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.

Annotated chart:

Entry on   October 10 at $ 1.40 
Change since picked:     - 0.02   			
Earnings Date          11/09/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on   October 10, 2009    


Carpenter Tech. - CRS - close: 23.70 change: -0.92 stop: 21.90

I'm growing more cautious on CRS. Shares under performed the market on Friday with a 3.7% decline. More conservative traders may want to exit early now. I'm not suggesting new positions at this time.

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

Annotated chart:

Entry on September 05 at $21.45 /gap higher entry
                             /originally listed at $20.92
Change since picked:     + 2.25
                             /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: 15.27 change: -0.15 stop: 14.75

DELL continues to under perform and shares actually closed just under their 50-dma on Friday. I'm seriously tempted to exit early now but I want to give it one more day. If we don't see a bounce on Monday then we'll exit DELL assuming it hasn't already stopped us out. I am not suggesting new positions at this time.

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.

Annotated chart:

Entry on   October 06 at $15.51 
Change since picked:     - 0.24   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


F5 Networks - FFIV - close: 42.63 change: -0.95 stop: 39.75

FFIV was way overdue for some profit taking so Friday's move isn't a surprise, especially after the stock was downgraded on Friday morning. We only have three days left. I'm adjusting our first target down to $44.00. If FFIV doesn't hit our stop we'll exit at the close on October 21st to avoid earnings after the bell.

Annotated chart:

Entry on   October 07 at $40.63 
Change since picked:     + 2.00   			
Earnings Date          10/21/09 (confirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 07, 2009    


Gold Fields Ltd - GFI - close: 14.53 change: -0.39 stop: 12.99

Gold managed a minor bounce in spite of a rise in the dollar. Shares of GFI out performed the broader market by closing unchanged on Friday. The stock is still drifting sideways but the tone has turned more bearish and I'm expecting a dip toward $14.00, which should offer some support.

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.

Annotated chart:

Entry on September 30 at $13.78 
Change since picked:     + 0.75   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


Starwood Hotels - HOT - close: 35.38 change: +0.72 stop: 29.90

HOT displayed relative strength with a 2% rally on Friday. The close above $35.00 is a positive sign. We've got three days left. The company is due to report earnings on Thursday morning. We'll exit on Wednesday at the close to avoid earnings if HOT hasn't hit our second target by then. Speaking of targets I'm lowering our second target from $39.00 to $38.50.

Annotated chart:

Entry on   October 01 at $31.00
Change since picked:     + 4.38   
                             /1st target hit @ 34.75 (+12%)
Earnings Date          10/22/09 (confirmed)    
Average Daily Volume:       3.4 million 
Listed on September 19, 2009    


Jacobs Engineering - JEC - close: 46.17 change: +0.29 stop: 43.40

JEC is off to a decent start. Shares out performed the S&P 500 on Friday with a 0.6% gain. The gain helps confirm Thursday's bullish breakout. I would still open new positions right here. Our first target is $49.50. Our second target is $53.00 but we'll plan to exit ahead of the mid November earnings report.

Annotated chart:

Entry on   October 15 at $45.88 
Change since picked:     + 0.29   			
Earnings Date          11/17/09 (unconfirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 15, 2009    


Microsoft - MSFT - close: 26.50 change: -0.21 stop: 24.75 *new*

MSFT rallied to a new 2009 high on Thursday. Odds are pretty good the stock could keep the rally going up to its earnings report on Friday morning, October 23rd. If MSFT doesn't hit our target to exit a $27.75 we'll plan to exit on Thursday (Oct. 22nd) at the closing bell to avoid holding over earnings. Please note I'm raising the stop loss to $24.75. FYI: It seems like every other day now I see another positive review for Windows 7, which comes out on Oct. 22nd. The fourth quarter could be really strong for MSFT as consumers and businesses upgrade.

Annotated chart:

Entry on      July 27 at $23.00
Change since picked:     + 3.71   			
Earnings Date          10/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 31.18 change: -0.65 stop: 29.45 *new*

Time is running out. NIHD is due to report earnings on October 22nd before the market opens. That means we'll need to exit on Wednesday at the close to avoid holding over the announcement. Given our new time frame I'm raising the stop loss to $29.45. More conservative traders may want to place their stop closer to $30.00. I'm not suggesting new positions at this time. Our target to exit is $33.75. The plan was to use small position sizes (1/2 to 1/4 normal size) to limit risk.

Annotated chart:

Entry on   October 08 at $30.60
Change since picked:     + 0.58   			
Earnings Date          10/22/09 nconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Petrobras - PBR - close: 50.37 change: -0.16 stop: 44.75 *new*

Oil stocks were some of the strongest performers last week. PBR soared to new 52-week highs. Shares are a little overbought so I would look for a dip near $48.00, possibly the $46.50 zone. I'm raising our stop loss to $44.75. I'm not suggesting new positions at this time.

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

Annotated chart:

Entry on   October 08 at $46.80
Change since picked:     + 3.57   			
Earnings Date          11/13/09 (unconfirmed)    
Average Daily Volume:      12.8 million 
Listed on   October 07, 2009    


Patriot Coal - PCX - close: 13.29 change: -0.71 stop: 10.90

Right on cue PCX suffers some profit taking. A normal pull back would probably bring PCX down toward $12.50 but PCX is a volatile stock. I wouldn't be surprised to see a dip toward $11.75-11.50 instead. I'm not suggesting new positions at this time.

PCX has already hit our first target at $13.90. We're currently aiming for $16.75 but we'll exit ahead of the October 27th earnings report.

Annotated chart:

Entry on   October 05 at $12.14 /gap open higher
                            /originally listed at $11.78
Change since picked:     + 1.15   	
                          /1st target hit @ 13.90 (+14.5%)
Earnings Date          10/27/09 (confirmed)    
Average Daily Volume:       6.4 million 
Listed on   October 05, 2009    


Pride Intl. Inc. - PDE - close: 31.71 change: -0.17 stop: 29.49

The overall trend in PDE is still up but momentum has stalled. The stock might be forming a bull-flag type of consolidation. Readers may want to consider waiting for another dip or a bounce near the $30.50 level to open new positions.

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

Annotated chart:

Entry on   October 08 at $31.15
Change since picked:     + 0.56   			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       3.7 million 
Listed on September 12, 2009    


Playboy Ent. - PLA - close: 3.60 change: -0.08 stop: 2.95

PLA is really holding up pretty well considering how overbought the stock has become. I'm not suggesting new positions at this time. Readers will still want to consider raising their stops 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.

Annotated chart:

Entry on September 01 at $ 2.65
Change since picked:     + 0.95 
                            /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: 57.41 change: -1.57 stop: 53.75

The SLX had become overbought and was due for some profit taking. Broken resistance near $55-56 should offer some short-term support. I'm not suggesting new positions at this time.

SLX has already hit our first target. We're aiming for $59.50.

Annotated chart:

Entry on   October 01 at $50.25 *triggered
Change since picked:     + 7.16   			
                            /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: 45.36 change: -0.79 stop: 44.40

We've got two days left. SYK reports earnings after the closing bell on Oct. 20th. More conservative traders may want to go ahead and exit now. We'll plan to close this plan on Tuesday at the closing bell. I'm not suggesting new positions. Our target is $47.75.

Annotated chart:

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 0.82  			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


Tractor Supply Co. - TSCO - close: 52.37 change: -0.08 stop: 49.90 *new*

We've got three days left for this play. TSCO reports earnings on October 21st after the market's close. We'll plan to exit that day (Wednesday) at the close to avoid holding over earnings. More conservative traders may want to exit now since TSCO might try and fill the gap first before moving higher. I'm raising the stop loss to $49.90. I'm not suggesting new positions.

Our final target has been adjusted to $54.40.

Annotated chart:

Entry on   October 06 at $50.56 
Change since picked:     + 1.81   			
Earnings Date          10/21/09 (confirmed)    
Average Daily Volume:       384 thousand
Listed on   October 06, 2009    


VisionChina Media - VISN - close: 9.73 change: +0.32 stop: 7.85 *new*

VISN exploded higher at the open on Friday. It looks like the move may have been fueled by news that VISN signed a deal with a Chinese digital TV company. Shares opened at $10.30 but eventually pared its gains to just +3.4%. The stock is very overbought here and due for a correction. The $8.00 level should be support so I'm raising our stop to $7.85. I am not suggesting new positions at this time. 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).

Annotated chart:

Entry on   October 07 at $ 8.53 
Change since picked:     + 1.20   			
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*