Several of our bullish candidates have closed at new highs for the year.


BULLISH Play Updates

Apartment Investment & Mgmt - AIV - cls: 15.25 chg: +0.18 stop: 13.95

AIV managed a bounce this morning but slowly drifted lower the rest of the day. I wouldn't be surprised to see another test of support near $15.00 tomorrow.

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:     + 0.53   			
Earnings Date          10/30/09 (confirmed)    
Average Daily Volume:       3.6 million 
Listed on   October 07, 2009    


Airgas Inc. - ARG - close: 50.65 change: +0.20 stop: 46.90

ARG tagged another new high for the year but struggled with the $51.00 level. 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.

Entry on September 25 at $47.25
Change since picked:     + 3.40  			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


BE Aerospace - BEAV - close: 21.12 change: +0.03 stop: 19.25

BEAV failed to participate in the market rally on Monday. The stock just continued to drift sideways under resistance.

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.

Entry on September 12 at $19.19 
Change since picked:     + 1.93   			
Earnings Date          10/27/09 (confirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Sotheby's - BID - close: 18.66 change: +0.17 stop: 16.80

BID managed to keep pace with the rally in the S&P 500 with both adding 0.9% on the session.

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.

Entry on   October 13 at $18.21 
Change since picked:     + 0.45   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       861 thousand
Listed on   October 13, 2009    


Cracker Barrel - CBRL - close: 36.52 chg: +0.14 stop: 34.40

Gains in CBRL were muted. The stock is still churning sideways above the $36.00 level. 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.

Entry on   October 10 at $36.00 
Change since picked:     + 0.52   			
Earnings Date          11/24/09 (unconfirmed)    
Average Daily Volume:       322 thousand
Listed on   October 10, 2009    


Compania Cervecerias - CCU - close: 36.79 change: +0.40 stop: 34.90

CCU managed a 1.0% gain. I don't see any changes from my weekend comments. This is going to be a short-term trade as earnings are coming up in a week or two. Our first target is $39.90. The P&F chart is very bullish with a quadruple top bullish breakout buy signal and a $48 target.

Entry on   October 17 at $36.39 
Change since picked:     + 0.40   			
Earnings Date          10/26/09 (unconfirmed)    
Average Daily Volume:           thousand
Listed on   October 17, 2009    


Check Point Software - CHKP - cls: 30.08 change: +0.48 stop: 28.90 *new*

The move in CHKP looks bullish. This is the first close over $30.00 in several years. We only have two days left so I'm raising our stop loss from $27.90 to $28.90. 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.

Our target is $32.50, which given our new time frame is probably too optimistic.

Entry on   October 06 at $29.19 
Change since picked:     + 0.89   			
Earnings Date          10/22/09 (confirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


Capstone Turbine - CPST - close: 1.41 change: +0.03 stop: 1.24

CPST is still stuck in its week-long consolidation but the lows are edging higher and the stock looks poised to breakout. Readers may want to wait for a move over $1.45 to initiate 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: 24.37 change: +0.67 stop: 21.90

CRS out performed the market with a 2.8% gain but shares are still under resistance at $25.00. We want to exit ahead of the October 27th earnings report. 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:     + 2.92
                             /1st target hit @ 24.90 (+16.0%)
Earnings Date          10/27/09 (confirmed)    
Average Daily Volume:       536 thousand
Listed on September 05, 2009    


DELL Inc. - DELL - close: 15.36 change: +0.08 stop: 14.75

DELL is still out performing but managed a 0.5% gain. 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.

Entry on   October 06 at $15.51 
Change since picked:     - 0.16   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


F5 Networks - FFIV - close: 42.95 change: +0.32 stop: 39.75

We only have a couple of days left. If FFIV doesn't hit our target at $44.00 we'll exit at the close on October 21st to avoid earnings after the bell.

Entry on   October 07 at $40.63 
Change since picked:     + 2.32   			
Earnings Date          10/21/09 (confirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 07, 2009    


Gold Fields Ltd - GFI - close: 14.44 change: -0.09 stop: 12.99

I am surprised by the relative weakness in GFI today. Gold was up. The mining indices were up. Yet GFI closed in negative territory. The bounce from its rising 30-dma looks like a bullish entry point but you may want to wait for some confirmation.

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:     + 0.66   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


HMS Holdings - HMSY - close: 42.39 change: +1.09 stop: 38.80

The rally continues for HMSY. Shares actually gapped open higher at $41.55. The stock is quickly approaching potential resistance at its July 2009 highs. Our target is $44.90. We'll plan to exit ahead of the October 30th earnings report.

Entry on   October 17 at $41.55 /gap open higher 
                           /originally listed at $41.30
Change since picked:     + 0.84   			
Earnings Date          10/30/09 (confirmed)    
Average Daily Volume:       227 thousand
Listed on   October 17, 2009    


Starwood Hotels - HOT - close: 36.06 change: +0.68 stop: 32.90 *new*

HOT set a new closing high for the year. We've only got two 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. I am raising our stop loss to $32.90. Our second target is $39.00.

Entry on   October 01 at $31.00
Change since picked:     + 5.06   
                             /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: 46.05 change: -0.12 stop: 43.40

It was a quiet session for JEC. The relative weakness is a bit disappointing. Readers may want to watch for a new bounce from $45.00 as a new entry point. 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.

Entry on   October 15 at $45.88 
Change since picked:     + 0.17   			
Earnings Date          11/17/09 (unconfirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 15, 2009    


Microsoft - MSFT - close: 26.36 change: -0.14 stop: 24.75

AAPL's earnings report tonight was very strong and suggested the company could be stealing market share from MSFT in the computer department. I don't see any changes from my weekend comments.

MSFT reports earnings 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.

Entry on      July 27 at $23.00
Change since picked:     + 3.36   			
Earnings Date          10/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 32.13 change: +0.95 stop: 29.45

NIHD rallied to new highs for the year with a 3% gain. There is no change from my prior comments.

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. 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.

Entry on   October 08 at $30.60
Change since picked:     + 1.53   			
Earnings Date          10/22/09 nconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Petrobras - PBR - close: 51.41 change: +1.04 stop: 44.75

As expected PBR has managed to breakout through the $50 region and is setting new 2009 highs. 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.

Entry on   October 08 at $46.80
Change since picked:     + 4.61  			
Earnings Date          11/13/09 (unconfirmed)    
Average Daily Volume:      12.8 million 
Listed on   October 07, 2009    


Patriot Coal - PCX - close: 13.55 change: +0.26 stop: 10.90

PCX produced another failed rally under $14.00 today. 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.

Entry on   October 05 at $12.14 /gap open higher
                            /originally listed at $11.78
Change since picked:     + 1.41   	
                          /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: 32.64 change: +0.93 stop: 29.49

Strength in oil continues to fuel a rally in oil service stocks and PDE hit new highs for the year.

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:     + 1.49   			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       3.7 million 
Listed on September 12, 2009    


Playboy Ent. - PLA - close: 3.65 change: +0.05 stop: 2.95

There is no change from my prior comments. I still think readers will want to seriously consider taking some profits off the table right here! I'm not suggesting new positions at this time. Traders may 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.

Entry on September 01 at $ 2.65
Change since picked:     + 1.00 
                            /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: 58.32 change: +0.91 stop: 53.75

The profit taking didn't last long. If the material and metal stocks rally tomorrow the SLX could hit our final target. I'm not suggesting new positions at this time.

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

Entry on   October 01 at $50.25 *triggered
Change since picked:     + 8.07   			
                            /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: 46.15 change: +0.79 stop: 44.85 *new*

Tomorrow is our last day. We plan to exit on Tuesday at the closing bell to avoid holding over earnings. I'm raising our stop loss to $44.85. Our target is $47.75.

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 1.61  			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


Tractor Supply Co. - TSCO - close: 52.85 change: +0.48 stop: 49.90

TSCO is beginning to bounce from its rising 10-dma. I am not suggesting new positions at this time. Our target to exit is $54.40. We plan to exit on Wednesday at the closing bell to avoid holding over earnings.

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: 10.08 change: +0.35 stop: 7.85

VISN displayed some relative strength with a 3.5% gain. 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).

Entry on   October 07 at $ 8.53 
Change since picked:     + 1.55   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       407 thousand
Listed on   October 07, 2009    


BEARISH Play Updates

Avis Budget Group - CAR - close: 11.62 change: -0.04 stop: 12.60

The action in CAR was good news for our bearish play. Shares failed under the $12.00 level and closed in negative territory versus gains in the major averages. If this relative weakness holds up we should do okay. Just remember that it's going to be tough to make money on bearish plays with the market in breakout mode.

I am suggesting readers use a trigger to open bearish positions at $11.25. Our target is $9.25. We'll have to keep an eye on the rising 100-dma as potential support. FYI: The P&F chart is forecasting an $8.50 target.

NOTE: CAR has a high amount of short interest, about 9% of the 101 million-share float. That raises the risk of a short squeeze. Readers may want to consider using put options to limit risk. A stop loss doesn't always work.

Entry on   October xx at $xx.xx <-- TRIGGER @ 11.25
Change since picked:     + 0.00   			
Earnings Date          11/02/09 (confirmed)    
Average Daily Volume:       3.8 million 
Listed on   October 17, 2009