BULLISH Play Updates

Best Buy Inc. - BBY - close: 42.24 change: +0.46 stop: 39.40

BBY continues to rally and shares broke through resistance at $42.00. The stock also hit our trigger to open bullish positions at $42.20. Our first target is $46.00. Our second target is $49.80. Our time frame is several weeks.

chart:

Entry on  November 10 at $42.20
Change since picked:     + 0.04   			
Earnings Date          12/15/09 (unconfirmed)    
Average Daily Volume:       5.1 million 
Listed on  November 09, 2009    


Baker Hughes Inc. - BHI - close: 42.50 change: +0.56 stop: 40.49

Energy stocks were mixed thanks to some volatility in oil futures. Shares of BHI failed to see any follow through on yesterday's bounce, which is worrisome. I'm still suggesting bullish positions here but More conservative traders may want to wait for a close over $44.00 before initiating positions. Our first target is $47.00. Our second target is $49.85.

Entry on  November 09 at $43.06 
Change since picked:     - 0.56   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       5.6 million 
Listed on  November 09, 2009    


Southern Copper Corp. - PCU - close: 34.74 change: +0.10 stop: 30.95

Gold and oil may be moving on the dollar but copper prices have been stuck consolidating sideways. Shares of PCU have been able to rally without copper thus far. The 50-dma has risen to $31.65 and more conservative traders may want to raise their stops. Our target is $39.50.

I suggested small positions (25% to 50% your normal size).

Entry on  November 04 at $33.80
Change since picked:     + 0.94   			
Earnings Date          10/22/09 (confirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 03, 2009    


Polaris Industries - PII - close: 46.12 change: -0.29 stop: 41.80

The rally in PII paused with the market. If you're looking for a new entry point I'd wait for a dip near the $45.00-44.75 zone.

Our target to exit is $49.65. I consider this an aggressive play and suggest smaller position sizes.

Entry on  November 09 at $45.15
Change since picked:     + 0.97   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       516 thousand
Listed on  November 07, 2009    


Travelers Companies - TRV - close: 53.93 change: +0.33 stop: 49.75

Shares of TRV are still running away from us. We don't want to chase it. I'm suggesting readers use a trigger to buy the dip at $52.15. If triggered our target is $57.40.

Entry on  November xx at $xx.xx <-- TRIGGER @ 52.15
Change since picked:     + 0.00   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  November 07, 2009    


UltraShort Russell - TWM - close: 29.21 change: +0.40 stop: 28.49

We narrowly escaped being stopped out when the TWM bounced from $28.53. If this ETF can close back above $30.00 it could forecast another leg higher. The pattern created in today's session is one of indecision by traders.

I'm not suggesting new positions at this time. TWM has already hit our first target. We're currently aiming for $34.00.

Entry on   October 24 at $28.41 
Change since picked:     + 0.80
                            /1st target hit @ 31.90 (+12.2%)
Earnings Date          00/00/00 
Average Daily Volume:       4.2 million 
Listed on   October 24, 2009    


Yanzhou Coal Mining - YZC - close: 17.86 change: -0.26 stop: 14.95

There is no change from my prior comments. We don't want to chase the rally in YZC. I'll keep our trigger to buy a dip at $16.35 for now but we'll probably end up adjusting it higher. Our target is $19.95. Our time frame is several weeks.

Entry on  November xx at $xx.xx <-- TRIGGER @ 16.35
Change since picked:     + 0.00   			
Earnings Date          04/10/10 (unconfirmed)    
Average Daily Volume:       418 thousand
Listed on  November 07, 2009    


BEARISH Play Updates

Navistar Intl. - NAV - close: 35.65 change: -0.01 stop: 36.55

If the stock market rally picks up again tomorrow I would expect us to get stopped out of NAV pretty quickly. If reverse happens and the stock trades under $34.00 we can use it as a new entry point for bearish positions. Our first target is $30.50. Our second target is $27.75.

FYI: We initiated this play with half a position.

Entry on   October 24 at $35.41 (buy half a position)
Change since picked:     + 0.24   			
Earnings Date          12/30/09 (unconfirmed)    
Average Daily Volume:       1.5 million 
Listed on   October 24, 2009    


Financial SPDRs - XLF - close: 14.77 change: -0.05 stop: 15.21

Lack of follow through on yesterday's rally is a good sign if you're bearish. Unfortunately we're still in jeopardy here. A clearly defined failed rally near $15.00 could be used as a new bearish entry point. The XLF has potential support at its rising 100-dma and exponential 200-dma. Our target is $13.10.

Entry on   October 26 at $14.71 (small positions) 
Change since picked:     + 0.06   			
Earnings Date          --/--/-- 
Average Daily Volume:       102 million 
Listed on   October 26, 2009