Current Portfolio:


BULLISH Play Updates

The Andersons, Inc - ANDE - close 36.10 change +0.35 stop 34.45

Target(s): 38.95, 39.90, 41.50
Key Support/Resistance Areas: 41.50, 40.50, 39.20, 38.00, 35.50
Current Gain/Loss: -2.49%
Time Frame: 1 to 3 weeks
New Positions: Yes

Comments:
9/9: ANDE traded in a tight 60 cent range within yesterday's price range. The stock is consolidating just below its 52-week highs and I like the volume patterns. We need a breakout.

9/8: The smack down at $37.50 in ANDE continued today as the stock closed -3.35% lower. ANDE remains above the key $35.50 support level but we are getting whipsawed as the stock is trading in a high tight $2 wide bull flag. Today's price action has me concerned but the set-up remains in tact and readers may want to consider new positions to take advantage of today's weakness.

9/7: ANDE keeps getting smacked down at $37.50. If it breaks out our targets could be reached quickly and I suggest using any breakout to take profits or tighten stops to protect them.

Current Position: Long ANDE stock, entry was at $37.02

Options Traders: Buy December $40.00 Calls, current ask $2.10

Entry on August 19, 2010
Earnings 10/28/2010 (unconfirmed)
Average Daily Volume: 180,000
Listed on August 18, 2010


Brocade Communications - BRCD - close 5.95 change +0.08 stop 4.95

Target(s): 5.95, 6.20, 6.50
Key Support/Resistance Areas: 6.60, 6.20, 6.00, 5.75, 5.40, 5.00
Time Frame: 1 to 3 weeks

Comments:
9/9: My comments below remain the same. Let's be patient and look for a quick dip at $5.75. Trend line support on Monday is near $5.60.

9/8: BRCD came within 6 cents today of reaching our trigger to enter long positions. Patience should payoff and I suggest we leave our trigger at $5.75. I'm looking for BRCD to consolidate some the recent gains and make another leg higher.

9/7: BRCD came with 4 cents of reaching our trigger to enter long positions. The stock turned on a dime and closed +7% off of its lows. I suggest we look for a retracement to $5.75 and use it as our trigger to enter long positions. This is a 50% retracement of today's +5% gains.

9/4: Data center networking and storage is the hot technology sector as of late with M&A activity continuing to gain energy. Companies like Dell, HPQ, and MSFT have cash and want to expand their services. Companies like BRCD are good takeover targets. BRCD has been pummeled since its highs near $10 in late 2009 and now trades at a discounted PE when compared to many of its peers. Technically, the stock has broken through and closed above two primary downtrend trend lines. I suggest readers initiate long positions on any weakness in the stock early this week. Our official trigger will be $5.46 which is also near its recent upward trend line and a prior resistance level. There has also been a huge amount of call buying in the September and October strikes over the past few days. Our stop is $4.95. NOTE: This is a cheap stock so expect volatility. We are looking for a 50 cent to 1 dollar move higher.

Suggested Position: Long BRCD stock if it trades to $5.75

Options Traders: Buy October $6 CALL, current ask $0.35

Entry on September XX
Earnings 11/23/10 (unconfirmed)
Average Daily Volume: 12.7 million
Listed on September 4, 2010


Coeur d'Alene Mines - CDE - close 17.74 change -0.07 stop 15.90

Target(s): 18.45, 18.95, 19.95
Key Support/Resistance Areas: 20.00, 19.00, 17.80, 16.70
Current Gain/Loss: -0.89%
Time Frame: 1 to 3 weeks
New Positions: Yes, preferably on pullbacks

Comments:
9/9: My comments from below remain mostly the same. I am looking for the stock to move up towards its May highs but if the broader market doesn't follow through we may get a pullback first. Readers may want to use a tighter stop in the $16.40 area.

9/8: CDE is also consolidating some of its recent gains and I expect pullbacks to get bought. Silver has traded to highs not seen since early 2008 which is good for CDE. Our first target is $18.95 which will give us a nearly a +6% gain if reached.

9/7: CDE broke out today so we are long the stock at $17.90. I expect any pullbacks in the stock to be bought and with broader market strength the stock could trade up towards our targets relatively quick.

9/4: We missed our lower trigger to enter long positions in CDE by 17 cents. CDE proceeded to close +4% off of its lows on Friday. The chart looks strong and the story is solid with silver breaking out to new 52-week highs and approaching new all-time highs. Let's move up the lower trigger to $17.10. We may get a pullback early this week to take advantage of it. The breakout trigger at $17.90 also remains.

Current Position: Long CDE stock, entry was at $17.90

Entry on September 7, 2010
Earnings 11/4/10 (unconfirmed)
Average Daily Volume: 2.0 million
Listed on September 1, 2010


Northern Oil & Gas - NOG - close 15.37 change +0.17 stop 14.25

Target(s): 16.00, 16.50
Key Support/Resistance Areas: 17.25, 16.20, 15.75, 15.00, 14.60
Time Frame: 1 to 3 weeks

Comments:
9/9: NOG came with 5 cents of hitting our trigger to enter long positions. I suggest we be patient and should get triggered tomorrow or Monday on a quick broader market pullback. More nimble traders may want to time an entry in the $14.75 to $14.90 area.

9/8: Oil and oil stocks should do well on the slightest prospects of an economic recovery. NOG is a land based driller with major assets in the Bakken region in North Dakota, which is one of the largest discoveries of proven oil reserves ever found in the United States. NOG is forming a bull flag on its daily chart and looks poised to breakout. The stock is consolidating above all of its major moving averages which should also help to provide support on any pullbacks. I suggest readers use a trigger $15.05 to initiate long positions. Our two targets are +6% and +9% higher. Our stop is below all of the moving averages and the recent upward trend line.

Suggested Position: Long NOG stock if it trades to $15.05

Options Traders: Buy October $15.00 CALL, current ask $1.20

Entry on September XX
Earnings 10/25/10 (unconfirmed)
Average Daily Volume: 506,000
Listed on September 8, 2010


Power-One, Inc - PWER - close 10.95 change +0.03 stop 9.68

Target(s): 12.50, 11.60
Key Support/Resistance Areas: 13.00, 11.75, 50-day, 9.50
Time Frame: 1 to 3 weeks

Comments:
9/8 & 9/9: We are waiting to be triggered on PWER. Our trigger to enter long positions is $10.75. The stock has several upward trend lines, the 20-day SMA, and rising 50-day SMA as support below and I want to give us the best chance at getting filled.

9/7: Take a look at the grey volume bars on the chart below. It is clear PWER is being accumulated with institutional money as the price has risen over the past 18 months. I like PWER's business and believe this stock will continue to get bought if the market cooperates. I suggest readers use a trigger of $10.75 to enter long positions and target a move back towards the stock's recent high. This is above the stock's upward trend line and the 50-day SMA. Our initial stop will be below both of these at $9.68.

Suggested Position: Long PWER stock if it trades to $10.55

Options Traders: Buy October $11.00 CALL, current ask $0.95

Entry on September XX
Earnings 10/21/10 (unconfirmed)
Average Daily Volume: 5.3 million
Listed on September 7, 2010


Rackspace Hosting, Inc - RAX - close 21.00 change +0.57 stop 18.95 *NEW*

Target(s): 20.75(hit), 21.30, 21.95, 23.00
Key Support/Resistance Areas: 23.50, 21.40, 20.00, 19.50, 19.00, 18.00
Current Gain/Loss: +6.87%
Time Frame: 3 to 5 weeks
New Positions: Yes, on pullbacks

Comments:
9/9: We currently have a +6.8% gain in RAX. Let's move our stop up to $18.95 which is just below the 200-day SMA and primary upward trend line. The stock is forming an ascending triangle over the past couple of weeks and a breakout, coupled with broader market strength, could catapult RAX to our more aggressive targets. If this happens be ready to take profits or tighten stops to protect them.

9/8: RAX double bottomed with yesterday's lows and closed almost +2% higher on the day. We are looking for a continuation of the recent move higher and if the broader market cooperates I'm looking for RAX to hit our 2nd target of $21.30 and possibly $21.95 this week. As these targets approach be ready to take profits or tighten stops to protect them.

9/7: RAX drifted lower all day and broke an intraday trend line. However, RAX closed above the pivotal $20.00 support level and also has all of its major moving averages below. New positions can be considered now, especially on any further weakness. The next level of support below $20.00 is near $19.50.

9/4: RAX consolidated gains today and finished relatively flat after selling off early in the session. New positions can be considered on pullbacks. I've added a $21.95 target and I think this will get hit later this week after a possible dip early.

Current Position: Long RAX stock, entry was at $19.65

Options Traders: Long December $21.00 CALL

Entry on August 25, 2010
Earnings 11/9/2010 (unconfirmed)
Average Daily Volume: 1.75 million
Listed on August 25, 2010


Ultrashort MSCI Europe - EPV - close 18.82 change -0.33 stop 17.78

Target(s): 19.40 (hit), 19.75, 20.20
Key Support/Resistance Areas: 18.00, 19.40, 20.25, 20.60
Current Gain/Loss: -0.42%
Time Frame: 1 week
New Positions: Aggressive traders only

Comments:
NOTE: This is an double inverse ETF and a bearish play on European equities. Expect volatility and use small position size to manage risk.

9/9: Germany's Deutsche Bank announced today they may need to raise money to meet regulatory capital requirements. This caused EPV to recover early losses and may cause some weakness in European equities tomorrow (good for our inverse ETF). Our $19.40 was hit on Tuesday. I suggest we take profits or tighten stops to protect them as our targets approach again.

9/8: EPV gave back some of the gains from yesterday as European equities recovered from early losses due to a favorable bond auction in Portugal. If there is weakness in Europe tomorrow or Friday our more aggressive targets could get hit fairly quick. $19.40 is also still a valid target and I suggest readers take profits or tighten stops as targets approach.

9/7: EPV gained +4% today due to the weakness in European equities. Our first target has been hit. I've adjusted the next two targets and suggest readers take profits or tighten stops as they approach.

9/4: We got the pullback in EPV and are playing for bounce in the ETF which means European equities need to pullback. I've listed three immediate targets above which are areas readers should use to take profits or tighten stops to protect them. These levels could come fast so be ready or simply place GTC orders to take profits. Our most aggressive target is near the 20-day SMA.

Current Position: Long EPV stock, entry was at $18.90

Entry on September, 3, 2010
Earnings N/A
Average Daily Volume: 259,000
Listed on August 31, 2010


CLOSED BULLISH PLAYS

Dr. Pepper Snapple Group - DPS - close 35.59 change -2.54 stop 35.93

Target(s): 38.85, 39.95
Key Support/Resistance Areas: 40.00, 38.90, 37.25, 36.25
Time Frame: 1 to 2 weeks

Comments:
9/9: Unbelievable! DPS reaffirmed their long term EPS growth in the high single digit area yesterday, and today an institutional seller showed up and the stock tanked. Volume exploded to more than 3 times the daily average and DPS never had a chance as large blocks of volume to the tune of 1 million shares were being unloaded. In any event, our trigger to go long was hit early and our stop to exit was hit late. We are flat the positions for -5% loss. I'm not sure if the selling is done but I wouldn't want to find out holding positions. And I digress ... I was very close to dropping this play yesterday.

9/8: Our trigger to enter long positions at $37.90 is just above the 50-day SMA, while prior resistance at $37.60 is just below. We are looking for a move back towards the stock's 52-week highs.

9/7: DPS came with 3 cents of our trigger to enter long positions before reversing. I've raised the trigger to $37.90 and am looking for a move up towards it its 52-week highs.

9/4: We missed our trigger to enter long positions by 7 cents on Thursday. DPS has proceeded to gain almost $1 since that low. I expect some weakness early this week which should give us another opportunity to enter long positions. In a strong market DPS should easily retest its 52-week highs. Let's move the trigger up to $37.85 which is Friday's low and just above the 50-day SMA.

Closed Position: Long DPS stock at $35.93, entry was at if it trades to $37.90

Annotated chart:

Entry on September XX
Earnings 11/4/10 (unconfirmed)
Average Daily Volume: 2.6 million
Listed on August 31, 2010