Will the markets rally into the Friday jobs numbers on better than expected hopes or pull back on fears of a negative surprise?


BULLISH Play Updates

Ford Motor Co. - F - close: 12.68 change: +0.47 stop: 12.15 *NEW*

Outstanding! Evidently the investing public did not take those recommendations to take profits on Ford and buy back on the dip. If they did then they should be really disappointed tonight.

I raised the stop slightly to $12.15 and just under the lows for Tuesday.

The intraday spike to $12.50 on Tuesday hit our first exit target.

Our second, longer-term target is $13.40. Our time frame is several weeks.

Entry on  February 23 at $11.72 /gap higher entry
Change since picked:     + 0.96   			
Earnings Date          04/22/10 (unconfirmed)    
Average Daily Volume:        96 million 
Listed on  February 23, 2010    


NUCOR - NUE - close: 43.17 change: +0.25 stop: 42.25 *NEW*

Three positive days is starting to look like a trend higher but I don't like that -85 cent drop from the intraday high at $43.98. Most of it came on the closing ticks so we really can't decipher the reason.

Our first target to take profits is at $46.75. Our second and final target is $49.85. Our time frame is about four to six weeks.

Entry on  February 16 at $42.98 (small positions)/gap higher entry
Change since picked:     + 0.19   			
Earnings Date          04/22/10 (unconfirmed)    
Average Daily Volume:       6.1 million 
Listed on  February 16, 2009    


ROSS Stores - ROST - close: 49.45 change: +0.17 stop: 49.05

This stock is moving so slow it could be summer before we hit the $49.75 exit. We came close again today at $49.65. That was 3-cents higher than Tuesday. Personally I think holding out for a dime is foolhardy. I am lowering the exit target to $49.65 and will be glad to get it.

Entry on  February 13 at $46.43 (small positions)
Change since picked:     + 2.61   			
Earnings Date          03/18/10 (unconfirmed)    
Average Daily Volume:       2.4 million 
Listed on  February 13, 2009    


Raytheon Co - RTN - close: 56.49 change: -0.38 stop: 56.20 *NEW*

Seriously looking like a top forming in RTN. The high today was below yesterday's resistance high. That is not a good sign. I am raising the stop to $56.20.

Our stop loss is breakeven $56.20. Our target to exit is $59.50. Our time frame is four to six weeks.

Entry on  February 25 at $55.85
Change since picked:     + 0.64   			
Earnings Date          04/22/10 (unconfirmed)    
Average Daily Volume:       2.9 million 
Listed on  February 20, 2009    


POWR - Powersecure Intl $7.57, Change -0.04, stop $7.30

POWR held the high ground and only gave back four cents. The rising wedge is still intact with continued higher lows.

This is an earnings lottery play. POWR will report earnings on March 11th. They have already preannounced the backlog will be better than previously expected. The stock is currently $7.57 and the $7.50 March call is only 60-cents. I believe the company will announced decent earnings and move sharply higher. The chart already shows upside pressure building. A positive number could generate some additional short covering. With the cheap option already in the month it will not take much of a move to get a nice return.

Position: POWR stock with a stop at $7.30.

Option buyers:
Position: MARCH $7.50 CALL (POWR 10C0750) @ $.55

Entry on  March 03 at $ 7.64 
Change since picked:  + 0.00   			
Earnings Date       03/11/10 (confirmed)    
Average Daily Volume:    78K      
Listed on  March 2nd, 2010    


BEARISH Play Updates

Ameritrade - AMTD - close: 17.31 change: -0.06 stop: 17.65 *NEW*

This is like watching paint dry. AMTD is going in the right direction but grass grows faster than this. Hopefully if we get a negative day in the market we will see a bigger decline in AMTD. The first target is $16.75. Our second target is $15.05.

Entry on   January 28 at $17.88 
Change since picked:     - 0.48   			
Earnings Date          04/21/10 (unconfirmed)    
Average Daily Volume:       6.1 million 
Listed on   January 28, 2009