The SOX rallied for the fifth day in a row. Our trade in the sector hit new highs for the year.


BULLISH Play Updates

Best Buy Inc. - BBY - close: 43.97 change: +0.18 stop: 39.85

The RLX retail index closed virtually unchanged on the session. Shares of BBY inched up 0.4% but struggled with the $44.00 level. More conservative traders might want to inch up their stops toward the $41.00 level. I am still not suggesting new bullish 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:     + 1.77   			
Earnings Date          12/15/09 (unconfirmed)    
Average Daily Volume:       5.1 million 
Listed on  November 09, 2009    


Bank of Hawaii - BOH - close: 45.20 change: -0.42 stop: 43.90

Financial stocks are still stuck in their trading range although today's session had a bearish tone to it. At this point I would wait for a move over 46.50 before launching new positions.

Our first target is $49.85. I'm adding a second target at $53.50. FYI: The Point & Figure chart is bullish with a $59 target.

Entry on  November 18 at $46.20 
Change since picked:     - 1.00   			
Earnings Date          01/25/10 (unconfirmed)    
Average Daily Volume:       424 thousand
Listed on  November 17, 2009    


Broadcom - BRCM - close: 31.05 change: +0.28 stop: 28.75

The semiconductor sector and BRCM both showed relative strength on Monday. BRCM hit an intraday high of $31.40. Our trigger to buy the stock was $31.25. Our first target is $34.75. Our second target is $37.00. Our time frame is several weeks.

chart:

Entry on  December 07 at $31.25
Change since picked:     - 0.20   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       7.4 million 
Listed on  December 05, 2009    


Expeditors Intl. - EXPD - close: 32.69 chg: -0.38 stop: 30.90

There is no change from my weekend comments on EXPD. I'm suggesting a trigger to buy EXPD (small positions) at $33.75. There is some resistance near $35.00 but if triggered our target is $37.00. Our time frame is several weeks.

Entry on  December xx at $xx.xx <-- TRIGGER @ 33.75 (small pos)
Change since picked:     + 0.00   			
Earnings Date          02/09/10 (unconfirmed)    
Average Daily Volume:       1.5 million 
Listed on  December 05, 2009    


HMS Holdings - HMSY - close: 45.25 change: -0.47 stop: 43.49

Lack of follow through on HMSY's rally from Friday is a little bit concerning but the larger trend is unchanged. I'm still suggesting small bullish positions but readers could choose to wait for a bounce from $44.00 or a new rise over $46.00 as their entry point. Our multi-week target is $49.75. FYI: The P&F chart is bullish with a $69 target.

Entry on  December 05 at $45.72 
Change since picked:     - 0.47   			
Earnings Date          02/18/10 (unconfirmed)    
Average Daily Volume:       192 thousand
Listed on  December 05, 2009    


Johnson & Johnson - JNJ - close: 64.37 change: +0.01 stop: 59.90

It was a forgettable day for JNJ with the stock trading sideways and closing almost unchanged. I would look for a bounce near the $62.00 level before considering new bullish positions. Our target first target is $67.50.

Entry on  November 23 at $63.05
Change since picked:     + 1.32   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      12.6 million 
Listed on  November 21, 2009    


Potlatch Corp. - PCH - close: 31.80 change: +0.16 stop: 27.95

PCH continues to run higher with a 0.5% gain but it looks like momentum could be slowing down. If you're looking for a new entry point wait for a dip or bounce near $30.00. More conservative traders might want to raise their stops.

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:     + 1.50   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       503 thousand
Listed on  November 11, 2009    


Renolds American - RAI - close: 53.94 change: +0.90 stop: 50.90 *new*

The rally in RAI continues with another 1.69% gain on Monday. Shares hit another 2009 high at $54.26. Our target to exit is $54.90. I'm raising our stop loss to $50.90. More aggressive traders may just want to let it run and keep adjusting your stops. No new positions at this time.

Entry on  November 14 at $50.32 
Change since picked:     + 2.72   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       1.6 million 
Listed on  November 14, 2009    


Boston Beer Inc. - SAM - close: 42.98 change: +0.24 stop: 41.74

SAM gave us another chance to buy a dip near $42.00 midday. If you missed it the afternoon bounce is still a decent entry point. Our first target to take profits is at $46.00. Our second and final target is $49.75. FYI: The Point & Figure chart is bullish with a $58 target. Our time frame is several weeks.

Entry on  December 05 at $42.74 
Change since picked:     + 0.24   			
Earnings Date          03/10/10 (unconfirmed)    
Average Daily Volume:        98 thousand
Listed on  December 05, 2009    


Starbucks Corp. - SBUX - close: 21.40 change: -0.20 stop: 20.95

Thee is no change from my previous comments on SBUX. Shares are still stuck in a $21-22 trading range. 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: 17.66 change: -0.22 stop: 17.24

We could end up being the victim of a bull trap. Shares hit a new high on Friday only to reverse lower. Now the stock is down another 1.2%. The $17.50 level should offer some short-term support. I'm not suggesting new positions with SYMC under the $18.00 mark.

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  December 04 at $18.25 
Change since picked:     - 0.59   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:      11.8 million 
Listed on  November 16, 2009    


Travelers Companies - TRV - close: 50.57 change: -0.47 stop: 49.75

TRV's failure to rebound following Friday's intraday bounce is definitely short-term bearish. Shares are near their 50-dma and look like they're ready to test psychological support near $50.00 again. I'd buy a bounce from $50.00 but I'd probably wait for the bounce to clear $51.25 first. Our target is $57.40.

Entry on  November 27 at $51.94 /gap down entry point 
Change since picked:     - 1.37   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  November 07, 2009    


Texas Instruments - TXN - close: 26.62 change: -0.23 stop: 24.40

Semiconductors managed to extend their gains today but TXN suffered a little profit taking after Friday's new 2009 high. I don't see any changes from my prior comments on TXN. The stock looks due for a pull back. TXN will probably retest the $26.00 level. I'd look for a new entry point near $26.00. Our first target is $29.75.

Entry on  December 02 at $26.15
Change since picked:     + 0.47   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      12.6 million 
Listed on  December 01, 2009    


Warner Chilcott - WCRX - close: 25.99 change: +0.19 stop: 22.90

WCRX is clinging to the $26.00 level. I don't see any changes from my prior comments. Look for a bounce near $24.50-24.00 as a new entry point. 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:     + 1.22   			
Earnings Date          02/25/10 (unconfirmed)    
Average Daily Volume:       1.8 million 
Listed on  November 28, 2009    


Wyndham Worldwide - WYN - close: 20.49 change: -0.06 stop: 17.85

Profit taking today was very mild. Shares continue to look bullish above the $20.00 mark.

Our first target to take profits is at $21.00. I am adding a second target to exit completely at $22.40. 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:     + 1.61   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 10, 2009    


Financial SPDR - XLF - close: 14.39 change: -0.24 stop: 14.15

Financial stocks were drifting sideways although the sector took a turn for the worse late this afternoon. The XLF has settled on technical support at its rising 100-dma. If this breaks there might be some support near $14.20 but I wouldn't bet on it. I want to see a move over Thursday's high (near $15.00) before launching new positions. Our target is $16.40.

Entry on  December 03 at $14.85 
Change since picked:     - 0.46   			
Earnings Date          --/--/-- (unconfirmed)    
Average Daily Volume:        82 million 
Listed on  December 02, 2009    


BEARISH Play Updates

Activision-Blizzard - ATVI - close: 10.93 change: -0.10 stop: 12.01

ATVI tried to bounce but failed early this morning and the close under $11.00 is just another bearish sign that shares are struggling.

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  December 04 at $11.15
Change since picked:     - 0.22   			
Earnings Date          02/04/10 (unconfirmed)    
Average Daily Volume:        20 million 
Listed on  November 28, 2009    


Bank of New York - BK - close: 26.81 change: -0.12 stop: 27.16

BK spent the session drifting lower.

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