BULLISH Play Updates

Bank of Hawaii - BOH - close: 48.30 change: +1.16 stop: 46.25

Banks continue to rally and BOH is finally starting to participate. The stock soared through resistance near $48.00 and set new 52-week highs. Volume was just above average. Our target to exit is $49.85. More aggressive traders may want to aim higher but I would avoid holding over earnings.

Entry on  November 18 at $46.20     
Change since picked: + 2.10
Earnings Date 01/25/10 (unconfirmed)
Average Daily Volume: 424 thousand
Listed on November 17, 2009


EMCOR Group - EME - close: 27.45 change: +0.02 stop: 25.75

EME closed almost unchanged on the day with the stock continuing in yesterday's very narrow trading range. I am not suggesting new positions at this time. Our target is $29.85.

Entry on  December 21 at $27.18      
Change since picked: + 0.27
Earnings Date 02/25/10 (unconfirmed)
Average Daily Volume: 514 thousand
Listed on December 21, 2009


Home Depot - HD - close: 29.12 change: +0.34 stop: 27.75

HD is trying to bounce and did make it over very short-term resistance near $29.00. A rally past $29.50 would renew my enthusiasm for this trade.

Our first target is $30.60. Our second target is $32.45. We'll plan to exit ahead of the February earnings report. FYI: The P&F chart is very bullish with a $44 target.

Entry on  December 14 at $28.82 *gap higher entry       
Change since picked: + 0.30
Earnings Date 02/23/10 (unconfirmed)
Average Daily Volume: 15.7 million
Listed on December 12, 2009


Hologic Inc. - HOLX - close: 14.99 change: -0.02 stop: 14.40

HOLX is not making much progress. As investors wait for the jobs report tomorrow the trading in HOLX narrowed around the $15.00 level.

I am suggesting a trigger to buy HOLX at $15.15. If triggered our first target is $16.45 although we'll have to keep a cautious eye on the 100-dma, which could be resistance. I would keep positions small. There is still a chance for the market to correct in January.

Entry on   January xx at $xx.xx <-- TRIGGER @ 15.15  (small positions)     
Change since picked: + 0.00
Earnings Date 02/01/10 (unconfirmed)
Average Daily Volume: 2.7 million
Listed on January 04, 2009


Potlatch Corp. - PCH - close: 32.77 change: +0.09 stop: 30.90

PCH is still inching higher and now testing new resistance near $33.00. I'm not suggesting new positions. Our first target to take profits is at $33.60. Our second target is $35.75.

Entry on  November 16 at $30.30     
Change since picked: + 2.47
Earnings Date 02/11/10 (unconfirmed)
Average Daily Volume: 503 thousand
Listed on November 11, 2009


Renolds American - RAI - close: 53.39 change: -0.60 stop: 51.75

Shares of RAI gapped down this morning due to an analyst downgrade. The stock recovered off its lows and was rebounding into the close. Currently our plan is to exit at $55.90. More conservative traders may want to exit anywhere in the $54-55 region (or now). More aggressive traders could aim for $57.75 or even the $60 region. If RAI breaks to a new high I'd raise the stop loss closer to $53.00.

Entry on  November 14 at $50.32      
Change since picked: + 3.07
Earnings Date 02/11/10 (unconfirmed)
Average Daily Volume: 1.6 million
Listed on November 14, 2009


Starbucks Corp. - SBUX - close: 23.36 change: -0.06 stop: 21.95

It's no surprise to see SBUX drifting sideways as investors wait for the jobs report tomorrow. Shares appear to be trading in a $23-24 range. I'm not suggesting new bullish positions at this time. Our target to exit is $24.90.

Entry on  December 10 at $22.25     
Change since picked: + 1.17
Earnings Date 01/28/10 (unconfirmed)
Average Daily Volume: 10.9 million
Listed on November 30, 2009


Sonoco Products - SON - close: 30.48 change: -0.60 stop: 29.20

After three days of gains SON hit some profit taking with a dip back toward $30.50, which was old resistance. I would use this dip as a new entry point but we'll have to see how stocks react to the jobs report. Our first target is $34.50.

Entry on  December 26 at $30.31      
Change since picked: + 0.17
Earnings Date 02/04/10 (unconfirmed)
Average Daily Volume: 343 thousand
Listed on December 26, 2009


Steel Dynamics - STLD - close: 19.37 change: -0.13 stop: 17.49

It's a testament to the bullish tone in steel stocks that STLD didn't see much profit taking today. Well, that and the fact that traders were in "wait" mode for the unemployment report tomorrow. Currently our first target is $19.95. Our second target is $21.95.

Entry on   January 06 at $18.75 (small positions)     
Change since picked: + 0.62
Earnings Date 01/26/10 (unconfirmed)
Average Daily Volume: 5.7 million
Listed on January 04, 2009


Seagate Technology - STX - close: 18.04 change: -0.35 stop: 17.45

STX slipped toward the $18.00 level and closed under its simple 10-dma. The latter is a short-term bearish development. The overall trend is still very bullish. I'm not suggesting new positions at this time. Our target is $19.75 as the $20.00 level will probably act as round-number, psychological resistance. We will plan to exit ahead of the mid January earnings report. The plan was to keep positions small to limit our risk.

Entry on  December 19 at $17.83 /gap open higher (small positions)     
Change since picked: + 0.21
Earnings Date 01/19/10 (unconfirmed)
Average Daily Volume: 8.2 million
Listed on December 19, 2009


Vishay Intertechnology - VSH - close: 8.68 change: -0.08 stop: 8.20

The consolidation in shares of VSH continues to narrow. There is no change from my prior comments. I'm suggesting readers open small bullish positions with a trigger to buy the stock at $8.85. If triggered we'll use a stop under the current trading range. I say "small" positions because I'm still concerned that the market could see a correction in January and we want to keep our exposure down. If triggered our first target to take profits is at $9.95.

Entry on   January xx at $xx.xx <-- TRIGGER @ 8.85 (small positions)
Change since picked: + 0.00
Earnings Date 02/09/10 (unconfirmed)
Average Daily Volume: 1.1 million
Listed on January 05, 2009


Warner Chilcott - WCRX - close: 28.59 change: +0.18 stop: 27.95

I wouldn't be surprised to see WCRX spike higher on a strong jobs report tomorrow nor would I be surprised to see investors sell the rally. I would seriously consider an exit tomorrow on any strength. I am not suggesting new positions at this time. Our first target has been hit at $27.40. The newsletter is planning to exit at $29.45.

Entry on  December 01 at $24.77 gap open entry point (small positions)     
Change since picked: + 3.82
/1st target hit @ 27.40 (+10.6%)
Earnings Date 02/25/10 (unconfirmed)
Average Daily Volume: 1.8 million
Listed on November 28, 2009


Wright Express Corp. - WXS - close: 32.23 change: -0.60 stop: 30.95

WXS slipped toward its rising 21-dma before bouncing. Shares under performed the rest of the market with a 1.8% decline. I'm not suggesting new positions at this time.

Our target is $35.90. I'm setting a longer-term target at $39.50 but we want to sell the majority of our position at $35.90. We will plan to exit ahead of the February earnings report.

Entry on  December 21 at $32.30     
Change since picked: - 0.07
Earnings Date 02/10/10 (unconfirmed)
Average Daily Volume: 209 thousand
Listed on December 19, 2009


Wyndham Worldwide - WYN - close: 21.07 change: -0.03 stop: 19.90

Traders bought the dip in WYN this morning and shares closed virtually unchanged on the session. I'm not suggesting new positions at this time. Our first target has already been hit at $21.00. We're currently aiming for $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: + 2.19
/1st target hit @ 21.00 (+11.2%)
Earnings Date 02/11/10 (unconfirmed)
Average Daily Volume: 3.5 million
Listed on November 10, 2009


BEARISH Play Updates

Best Buy - BBY - close: 41.54 change: +0.65 stop: 41.26

BBY is still trying to bounce but it has yet to break the old trend line of support, which is now resistance. There is no change to our plan.

Use a trigger at $38.95 to open small bearish positions. I suggest small positions because the 200-dma just above $38 could offer some technical support. An alternative entry point would be a new failed rally near $41-42. We will consider adding to positions on a breakdown under $38.00.

Our first target is $35.25.

Entry on   January xx at $xx.xx <-- TRIGGER @ 38.95     
Change since picked: + 0.00
Earnings Date 03/25/10 (unconfirmed)
Average Daily Volume: 8.0 million
Listed on January 02, 2009