Overall Monday's session was rather boring. Commodities performed well but stocks were churning sideways.


BULLISH Play Updates

Bank of Hawaii - BOH - close: 48.75 change: -0.12 stop: 46.49

The early morning spike over $49.00 failed but traders bought the dip at $48.00. I am not suggesting new positions. 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: + 2.55
Earnings Date 01/25/10 (unconfirmed)
Average Daily Volume: 424 thousand
Listed on November 17, 2009


Cisco Systems Inc. - CSCO - close: 24.59 change: -0.07 stop: 23.95

It was another quiet session for CSCO with the stock churning sideways. We are waiting for a breakout over the $25.00 level. I'm suggesting a trigger to buy CSCO at $25.05. If triggered our first target is $27.40, which is a little optimistic but we will plan to exit ahead of the early February earnings report. The plan is to keep our positions small to reduce risk.

Entry on   January xx at $xx.xx <-- TRIGGER @ 25.05     
Change since picked: + 0.00 (small positions)
Earnings Date 02/03/10 (confirmed)
Average Daily Volume: 34 million
Listed on January 09, 2009


Diana Shipping Inc. - DSX - close: 16.27 change: +0.18 stop: 14.95

The good news here is that DSX continued to rally with a 1.1% gain. The bad news is that shares gapped open higher at $16.44 affecting our entry point. As I said over the weekend, I'd rather buy a dip near $15.50. This sector and this stock can be volatile. I do consider this an aggressive, higher-risk trade. We want to keep positions small. Our first target is $17.90.

Entry on   January 09 at $16.44 /gap higher entry   
Change since picked: - 0.17 (small positions)
Earnings Date 02/18/10 (unconfirmed)
Average Daily Volume: 1.5 million
Listed on January 09, 2009


Home Depot - HD - close: 28.16 change: -0.82 stop: 27.80

We've been expecting HD to dip toward $28.00 for several days now and it's finally happened. Traders can choose to buy this dip or wait for a bounce from here. Broken resistance near $28.00 should be support.

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: - 0.66
Earnings Date 02/23/10 (unconfirmed)
Average Daily Volume: 15.7 million
Listed on December 12, 2009


Hologic Inc. - HOLX - close: 14.94 change: -0.03 stop: 14.40

There is no change from my weekend comments. We're waiting for a breakout higher. 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: 32.45 change: -0.23 stop: 31.49

PCH slowly drifted lower on Monday. There is no change from my prior comments. I am not suggesting new positions with potential resistance at the August 2009 high. 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: + 2.15
Earnings Date 02/11/10 (unconfirmed)
Average Daily Volume: 503 thousand
Listed on November 11, 2009


Renolds American - RAI - close: 53.39 change: +0.25 stop: 52.45

Shares of RAI gained 25 cents for the second day in a row. Overall it was a very forgettable session with very little movement. More conservative traders may want to take some money off the table now. I'm not suggesting new bullish positions at this time. Our target to exit is $55.90.

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: 23.21 change: -0.07 stop: 21.95

SBUX pared its losses with a late day bounce but the consolidation is looks like it's getting weaker. I wouldn't be surprised to see a dip toward $22.00. 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: + 1.02
Earnings Date 01/28/10 (unconfirmed)
Average Daily Volume: 10.9 million
Listed on November 30, 2009


Sonoco Products - SON - close: 30.49 change: -0.24 stop: 29.20

SON erased Friday's gains. The stock spiked lower this morning but traders bought the dip near $29.75 and shares rallied back toward prior resistance near $30.50. This morning SON announced it would increase prices on some of its paperboard products. That seems like bullish news so I was surprised to see the spike lower. I'm still bullish on SON but keep positions small. Our first target is $34.50.

Entry on  December 26 at $30.31      
Change since picked: + 0.18
Earnings Date 02/04/10 (unconfirmed)
Average Daily Volume: 343 thousand
Listed on December 26, 2009


Steel Dynamics - STLD - close: 19.56 change: -0.63 stop: 18.45

Warning! Shares of STLD have produced a bearish engulfing candlestick reversal pattern. The bearish signal doesn't get much clearer but these signals usually need to see follow through first. I'm not suggesting new positions and readers may want to exit early or raise their stops toward breakeven.

STLD has already hit our first target at $19.95. Our second and final target is $21.95.

Entry on   January 06 at $18.75 (small positions)     
Change since picked: + 0.81
1st target hit @ 19.95 (+6.4%)
Earnings Date 01/26/10 (unconfirmed)
Average Daily Volume: 5.7 million
Listed on January 04, 2009


Seagate Technology - STX - close: 18.35 change: +0.46 stop: 17.45

STX displayed some relative strength on Monday with a 2.5% gain. The rally was fueled by an analyst upgrade this morning when STX was raised to a "buy" with a $25 price target. I would hesitate to open new positions here.

We don't have a lot of time left. Earnings are coming in just over a week and we don't want to hold over the report. Our target to exit is $19.75. 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: + 0.52
Earnings Date 01/19/10 (unconfirmed)
Average Daily Volume: 8.2 million
Listed on December 19, 2009


Vishay Intertechnology - VSH - close: 8.97 change: -0.04 stop: 8.20

VSH spent a good portion of the day testing old resistance near $8.80 as new support. I see today's late day bounce as a new entry point to buy the stock. Our target is $9.95. The plan was to keep positions small to limit our risk.

Entry on   January 08 at $ 8.85 (small positions)
Change since picked: + 0.12
Earnings Date 02/09/10 (unconfirmed)
Average Daily Volume: 1.1 million
Listed on January 05, 2009


Wright Express Corp. - WXS - close: 32.26 change: +0.13 stop: 30.95

Shares of WXS are still consolidating sideways. I don't see any changes from my weekend comments. Cautious traders might want to adjust their stops toward $31.50ish.

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: - 0.04
Earnings Date 02/10/10 (unconfirmed)
Average Daily Volume: 209 thousand
Listed on December 19, 2009


Wyndham Worldwide - WYN - close: 20.69 change: -0.17 stop: 19.90

WYN is slipping toward its long-term trendline of support. The stock should see a bounce soon. 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: + 1.81
/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: 39.23 change: -0.68 stop: 41.26

BBY continues to under perform and shares hit new multi-week lows today. The stock failed to break the $39.00 level so we're still on the sidelines. One analyst firm issued bullish comments on BBY suggesting investors use the weakness as an entry point but shares obviously failed to rally on the news.

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. 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