BULLISH Play Updates

Best Buy Inc. - BBY - close: 42.93 change: +1.05 stop: 39.40

Retail stocks continue to show strength even though the retail sales numbers out of the Commerce Department this morning were a little misleading. The big gains last month were in auto sales. Ex-autos sales were actually under expectations. That's not stopping the rally in retailers and BBY gained 2.5%. This looks like another bullish entry point to buy the stock. Our first target is $46.00. Our second target is $49.80. Our time frame is several weeks.

Entry on  November 10 at $42.20
Change since picked:     + 0.73   			
Earnings Date          12/15/09 (unconfirmed)    
Average Daily Volume:       5.1 million 
Listed on  November 09, 2009    


Baker Hughes Inc. - BHI - close: 43.34 change: +1.89 stop: 40.49

Dollar weakness and a big surge in crude oil (+3%) helped the energy sector out perform today. BHI surged 4.5% and it looks poised to breakout over the $44.00 level. Given the S&P 500's close over the 1100 level I would go ahead and buy BHI right here. Our first target is $47.00. Our second target is $49.85.

Entry on  November 09 at $43.06 
Change since picked:     + 0.28   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       5.6 million 
Listed on  November 09, 2009    


Dreamworks Animation - DWA - close: 34.09 change: +0.10 stop: 32.95

Gains in DWA were kind of disappointing. Shares barely moved and struggled to close over their 50-dma. Shares did end up hitting our trigger to buy the stock at $34.25 so the play is open. Our target is $37.40. FYI: The P&F chart is bullish with a $51 target. Plus, DWA has been considered a takeover target for some of the larger media companies.

chart:

Entry on  November 16 at $34.25
Change since picked:     - 0.16   			
Earnings Date          02/24/10 (unconfirmed)    
Average Daily Volume:       763 thousand
Listed on  November 14, 2009    


ENERSYS - ENS - close: 24.15 change: +0.37 stop: 22.40

ENS managed to breakout over resistance at the $24.00 level and hit our trigger to open bullish positions at $24.20. The play is open. I would still launch new positions now. Our first target is $27.00. Our second target is $29.75. Our time frame is several weeks.

chart:

Entry on  November 16 at $24.20
Change since picked:     - 0.05   			
Earnings Date          02/10/10 (unconfirmed)    
Average Daily Volume:       530 thousand
Listed on  November 14, 2009    


Potlatch Corp. - PCH - close: 30.17 change: +0.66 stop: 27.95

PCH finally broke through resistance near $30.00. The stock hit our trigger to open bullish positions at $30.30. I would still initiate new positions right here. Our first target to take profits is at $33.60. We will cautiously set a secondary target at $35.75. FYI: The Point & Figure chart is bullish with a $56 target.

chart:

Entry on  November 16 at $30.30
Change since picked:     - 0.13   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       503 thousand
Listed on  November 11, 2009    


Southern Copper Corp. - PCU - close: 35.81 change: +1.21 stop: 31.75

Commodity stocks were in rally mode with the dollar in decline. PCU surged 3.49% and hit $36.05. Shares are facing potential resistance near their October highs around $36.25 but if they can get past this level it should be a straight shot toward $40.00. Our target is $39.50.

Our plan called for small positions (25% to 50% your normal size).

Entry on  November 04 at $33.80
Change since picked:     + 2.01   			
Earnings Date          10/22/09 (confirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 03, 2009    


Polaris Industries - PII - close: 46.02 change: +0.80 stop: 42.40

PII delivered some follow through on its intraday bounce from Friday but the stock struggled with the $46.00 level. The trend is up. If you launch new positions now I'd consider a tight stop near $44.00.

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:     + 0.87   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       516 thousand
Listed on  November 07, 2009    


Renolds American - RAI - close: 51.01 change: +0.69 stop: 47.90

RAI hit another new 2009 high with a 1.3% gain. I don't see any changes from my weekend comments. Our target is $54.50. Our time frame is several weeks!

Entry on  November 14 at $50.32 
Change since picked:     + 0.69   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       1.6 million 
Listed on  November 14, 2009    


Travelers Companies - TRV - close: 52.94 change: -0.34 stop: 49.75

While we want shares of TRV to correct lower toward support I was surprised to see the relative weakness today. 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    


Wyndham Worldwide - WYN - close: 19.53 change: +0.59 stop: 16.40

WYN spiked to $19.98 this morning. The $20.00 level is normally round-number resistance so it's not a surprise to see it pull back this afternoon. I am raising our stop loss to $16.90, just under the 50-dma.

Our first target is $21.00. FYI: The point & figure chart is bullish with a $27 target. Our time frame is several weeks. The plan was to use small positions (1/2 a position).

Entry on  November 10 at $18.88 (1/2 position) /gap open higher
Change since picked:     + 0.65   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 10, 2009    


BEARISH Play Updates

*We currently do not have any bearish play updates*


CLOSED BULLISH PLAYS

Yanzhou Coal Mining - YZC - close: 18.31 change: +0.33 stop: 14.95

I would love to hop on the YZC bandwagon but shares are just too overbought. The stock soared another 5.9% today. I would wait for a retracement and keep the stock on your watch list. Our trigger at $16.35 was never hit.

chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 16.35
Change since picked:     + 0.00   			*never opened*
Earnings Date          04/10/10 (unconfirmed)    
Average Daily Volume:       418 thousand
Listed on  November 07, 2009    


CLOSED BEARISH PLAYS

Activision-Blizzard - ATVI - close: 11.72 change: +0.03 stop: 11.85

ATVI failed to breakout over its 50-dma and the $12.00 level but the intraday rally was enough to hit our stop loss at $11.85. I'd keep ATVI on your watch list as a bearish candidate should this market rally fizzle.

chart:

Entry on  November 11 at $11.20
Change since picked:     + 0.65 <-- stopped @ 11.85 (+5.8%)
Earnings Date          02/04/10 (unconfirmed)    
Average Daily Volume:      17.3 million 
Listed on  November 10, 2009    


Exelon Crop. - EXC - close: 47.41 change: +0.80 stop: 47.71

I'm giving up on EXC. With the major market averages breaking out the recent action in EXC is starting to look more like a short-term bullish double bottom. The stock never hit our trigger for bearish positions at $45.75.

chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 45.75
Change since picked:     + 0.00   			*never opened*
Earnings Date          01/21/10 (unconfirmed)    
Average Daily Volume:       4.4 million 
Listed on  November 12, 2009    


Maxim Integrated - MXIM - close: 18.46 change: +0.44 stop: 18.55

The NASDAQ failed to close over round-number resistance at the 2200 level but technology stocks still look poised to move higher. Somehow shares of MXIM managed to close above the November high and still failed to breakout over the $18.50 level. I'm suggesting an early exit now to cut our losses.

chart:

Entry on  November 12 at $17.77 
Change since picked:     + 0.69 <-- early exit @ 18.46 (+3.8%)
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  November 12, 2009    


Navistar Intl. - NAV - close: 36.00 change: +0.36 stop: 36.55

NAV is still churning sideways but it looks like odds of a bullish breakout higher are growing. I'm suggesting an early exit now to limit any losses.

FYI: We initiated this play with half a position.

chart:

Entry on   October 24 at $35.41 (buy half a position)
Change since picked:     + 0.59 <-- exit early $36.00 (+1.6%)
Earnings Date          12/30/09 (unconfirmed)    
Average Daily Volume:       1.5 million 
Listed on   October 24, 2009    


Financial SPDRs - XLF - close: 14.82 change: +0.16 stop: 15.21

The afternoon failed rally near $15.00 is bearish and casts some doubt on the strength of this rally. However, with the S&P 500 closing over key resistance at 1100 I'm suggesting an early exit out of bearish XLF positions.

chart:

Entry on   October 26 at $14.71 (small positions) 
Change since picked:     + 0.11 <-- early exit @ 14.82 (+0.00%)
Earnings Date          --/--/-- 
Average Daily Volume:       102 million 
Listed on   October 26, 2009