BULLISH Play Updates

Analogic Corp. - ALOG - close: 40.02 change: -0.28 stop: 38.99

ALOG is struggling to keep any intraday gains. The stock reversed near $41.20 again. I'm growing more cautious as we approach earnings next week. If we see a close under $40.00 I'd probably exit early. Our first target to take profits is at $44.90. ALOG is due to report earnings on December 9th and we don't want to hold over the report. FYI: The P&F chart is bullish with a $54 target.

Entry on  November 25 at $41.51 
Change since picked:     - 1.49   			
Earnings Date          12/09/09 (confirmed)    
Average Daily Volume:      41.5 thousand
Listed on  November 24, 2009    


Best Buy Inc. - BBY - close: 43.13 change: -0.40 stop: 39.85

BBY is still consolidating sideways. Investors are probably waiting to hear the company's November same store sales numbers. Several retailers will start reporting these figures tomorrow. These results could provoke some volatility in the retail sector. I remain bullish on BBY but I'm not suggesting new positions at this time. 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:     + 0.93   			
Earnings Date          12/15/09 (unconfirmed)    
Average Daily Volume:       5.1 million 
Listed on  November 09, 2009    


Bank of Hawaii - BOH - close: 45.96 change: +0.44 stop: 43.90

BOH out performed its peers but failed to close above resistance at the $46.00 mark. Readers might want to wait for a rise over today's high (46.32) before initiating new positions.

Our first target to take profits is at $49.85. FYI: The Point & Figure chart is bullish with a $59 target.

Entry on  November 18 at $46.20 
Change since picked:     - 0.24   			
Earnings Date          01/25/10 (unconfirmed)    
Average Daily Volume:       424 thousand
Listed on  November 17, 2009    


Du Pont - DD - close: 35.38 change: +0.28 stop: 33.95

DD spent the session churning sideways in a very narrow range. The high today was $35.45. I'm suggesting we use a trigger to buy DD at $35.55. If triggered our first target is $39.50. Our time frame is several weeks. We'll plan to exit ahead of the late January earnings report. FYI: The Point & Figure chart is bullish with a $56 target.

Entry on  December xx at $xx.xx <-- TRIGGER @ 35.55
Change since picked:     + 0.00   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:       5.8 million 
Listed on  December 01, 2009    


Johnson & Johnson - JNJ - close: 63.88 change: +0.37 stop: 59.90

JNJ extends the rally and sets another new high for 2009. The $65.00 level might offer some resistance but our target first target is $67.50.

Entry on  November 23 at $63.05
Change since picked:     + 0.83   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      12.6 million 
Listed on  November 21, 2009    


Potlatch Corp. - PCH - close: 30.45 change: +0.92 stop: 27.95

PCH displayed some relative strength with a 3.1% gain. The close over $30.00 is bullish and can be used as a new bullish entry point.

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.

Entry on  November 16 at $30.30
Change since picked:     + 0.15   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       503 thousand
Listed on  November 11, 2009    


Southern Copper Corp. - PCU - close: 36.40 change: +1.12 stop: 33.80

Metals were ignoring any strength in the dollar today. Gold hit a new all-time high while copper and silver hit new 52-week highs. This strength fueled a 3.1% gain in shares of PCU. The close over resistance at $36.00 is bullish.

I am suggesting new bullish positions right here!

Our first target is $39.50. Our second target is $41.50. Our plan called for small positions (25% to 50% your normal size).

Entry on  November 04 at $33.80
Change since picked:     + 2.60   			

2nd Entry December 02 at $36.40
Change since picked:     + 0.00
Earnings Date          10/22/09 (confirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 03, 2009    


Renolds American - RAI - close: 51.17 change: +0.33 stop: 49.49

RAI continues to bounce. Shares are nearing short-term resistance in the $51.50 zone. Today's gain, following yesterday's "inside day" should portend a new leg higher. Our target is $54.50. Our time frame is several weeks.

Entry on  November 14 at $50.32 
Change since picked:     + 0.85   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       1.6 million 
Listed on  November 14, 2009    


Starbucks Corp. - SBUX - close: 21.68 change: -0.05 stop: 20.95

Shares of SBUX continue to percolate under resistance near $22.00. I don't see any changes from my Monday night comments. I'm suggesting a trigger to buy the stock at $22.25. If triggered our first target is $24.90.

Entry on  November xx at $xx.xx <-- TRIGGER @ 22.25
Change since picked:     + 0.00   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:      10.9 million 
Listed on  November 30, 2009    


Symantec - SYMC - close: 18.00 change: -0.01 stop: 17.24

SYMC is still hovering around the $18.00 mark. I'm suggesting a trigger to buy SYMC at $18.20.

If triggered our first target to take profits is at $19.90. The $20.00 level will probably act as round-number resistance. Our second target, with a much longer time frame, is $21.75. Currently the Point & Figure chart is bullish with a $23 target.

Entry on  November xx at $xx.xx <-- TRIGGER @ 18.20
Change since picked:     + 0.00   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:      11.8 million 
Listed on  November 16, 2009    


Travelers Companies - TRV - close: 52.65 change: +0.05 stop: 49.75

TRV struggled with the $53.00 level again. I don't see any changes from my previous comments. Our target is $57.40.

Entry on  November 27 at $51.94 /gap down entry point 
Change since picked:     + 0.71   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  November 07, 2009    


Texas Instruments - TXN - close: 25.96 change: +0.02 stop: 24.40

The SOX semiconductor sector continued to rally and posted a 1.6% gain, which was significantly better than the NASDAQ's 0.4% gain. The SOX is now testing resistance near its November highs around 325. Shares of TXN hit new 52-week highs at $26.33 this morning. Our trigger was hit at $26.15 so the play is now open. Our first target is $29.75.

chart:

Entry on  December 02 at $26.15
Change since picked:     - 0.19   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      12.6 million 
Listed on  December 01, 2009    


Warner Chilcott - WCRX - close: 26.02 change: +0.50 stop: 22.49

The rally in WCRX continues with another new high. I'm adjusting our stop loss up to $22.90. Our first target is $27.40. Our second target is $29.45.

Entry on  December 01 at $24.77 gap open entry point (small positions)
Change since picked:     + 1.25   			
Earnings Date          02/25/10 (unconfirmed)    
Average Daily Volume:       1.8 million 
Listed on  November 28, 2009    


Wyndham Worldwide - WYN - close: 18.97 change: +0.02 stop: 17.85 *new*

This bounce in shares of WYN looks like a new entry point. The $20.00 is naturally round-number resistance but our first target is $21.00. FYI: The point & figure chart is bullish with a $27 target. Our time frame is several weeks. Please note our new stop loss at $17.85. 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:     + 0.09   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 10, 2009    


BEARISH Play Updates

Activision-Blizzard - ATVI - close: 11.34 change: -0.32 stop: 12.01

ATVI failed at resistance again. Shares have fallen to the bottom of their short-term trading range. I'm suggesting a trigger to launch small bearish trades at $11.15. More conservative traders could wait for a drop under $11.00 first. If triggered our first target is $10.05. Our second target is $9.25. Our time frame is several weeks. FYI: The Point & Figure chart is currently forecasting a $7.50 target.

Entry on  November xx at $xx.xx <-- TRIGGER @ 11.19
Change since picked:     + 0.00   			
Earnings Date          02/04/10 (unconfirmed)    
Average Daily Volume:        20 million 
Listed on  November 28, 2009    


Bank of New York - BK - close: 27.36 change: +0.41 stop: 27.16

The oversold bounce in BK is gaining steam. Shares are up there days in a row after bouncing near $26.00. It will be interesting to see if BK can breakout past the 50-dma and 200-dma. If we see the stock close over $28.00 we'll drop it as a bearish candidate. For now we're still waiting for a breakdown.

I'm suggesting a trigger to open bearish positions at $25.49. More cautious trader could wait for a drop under $25.00 since it might be round-number support.

If the newsletter is triggered at $25.49 our first target is $22.25. Our second target is $20.50. Our time frame is several weeks.

Entry on  November xx at $xx.xx <-- TRIGGER @ 25.49
Change since picked:     + 0.00   			
Earnings Date          01/20/10 (unconfirmed)    
Average Daily Volume:      11.4 million 
Listed on  November 21, 2009    


Liberty Global - LBTYA - close: 19.77 change: +0.46 stop: 21.26

The tone of the market seems to be growing more bullish. More conservative traders might want to tighten their stops on LBTYA. A close over $20.00 or its exponential 200-dma would be a good reason to close this play. Our first target is $18.20. Our second target is $16.20. Our time frame is several weeks.

Entry on  November 24 at $19.85
Change since picked:     - 0.08   			
Earnings Date          02/24/10 (unconfirmed)    
Average Daily Volume:       2.5 million 
Listed on  November 21, 2009    


Metlife Inc. - MET - close: 35.08 change: +0.89 stop: 36.05

More conservative traders may want to exit early right now. MET closed above its 30-dma and its exponential 200-dma. There is still potential resistance near $36.00 and its trendline of lower highs but the odds seem to be growing against the bears here. I'm not suggesting new positions at this time.

There is potential support at the 200-dma near $31.00 but I'm suggesting we target a drop to $30.25. More aggressive traders could aim lower.

Entry on  November 21 at $34.39 /gap higher entry
                           /originally listed at $33.90
Change since picked:     + 0.69   			
Earnings Date          02/04/10 (unconfirmed)    
Average Daily Volume:       7.2 million 
Listed on  November 21, 2009    


CLOSED BEARISH PLAYS

Lam Research - LRCX - close: 36.81 change: +1.86 stop: 36.26

Our aggressive trade on LRCX did not pay off. The SOX semiconductor index has turned decisively more bullish in the last two sessions. Shorts ran for cover in LRCX and the stock surged past a small cloud of moving averages to post a 5.3% gain. Our stop loss was hit at $36.26.

chart:

Entry on  November 28 at $34.49 (small positions)
Change since picked:     + 1.77 <-- stopped @ 36.26 (+5.1%)
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       1.8 million 
Listed on  November 28, 2009