Editor's Note:
A drop in the dollar helped send commodities surging higher, especially the metals. Our AA play is looking stronger. Unfortunately most of the stocks that did rally today saw the rise fail near overhead resistance. I remain cautiously bullish here.

-James

Current Portfolio:


BULLISH Play Updates

Alcoa Inc - AA - close: 13.38 change: +0.44

Stop Loss: 12.45
Target(s): 14.95, 15.95
Current Option Gain/Loss: + 1.5%
Time Frame: 6 to 8 weeks
New Positions: Yes, but see below

Comments:
11/18: It was a strong day for commodities and the metals. This was due to a drop in the dollar and China backing away from recent comments about price caps on commodities. The market's big bounce didn't hurt either. AA gapped open at $13.21 and posted a +3.4% gain by the closing bell. If you're looking for new positions I would wait for another dip toward the $13.20-13.00 zone.

Current Position: Long AA stock @ 13.18

Entry on November 16 at $13.18
Earnings Date 01/10/11 (unconfirmed)
Average Daily Volume: 26.1 million
Listed on November 6th, 2010


Abercrombie & Fitch - ANF - close: 46.68 change: -0.38

Stop Loss: 43.95
Target(s): 49.95
Current Option Gain/Loss: unopened
Time Frame: 8 to 10 weeks
New Positions: Yes, see trigger

Comments:
11/18: The RLX retail index ended the session with a gain but the sector trailed behind the rest of the market thanks to a terrible earnings miss by Sears (SHLD). Many of the high-flying retailers actually saw some profit taking today. ANF spiked to $48.00 this morning but closed with a -0.8% loss. I am still suggesting a trigger to open bullish positions at $46.10.

Trigger to buy ANF @ $46.10

Suggested Position: Buy ANF stock @ $46.10

Entry on November xx at $xx.xx
Earnings Date 02/15/11 (unconfirmed)
Average Daily Volume: 3.1 million
Listed on November 17th, 2010


Citigroup Inc - C - close 4.30 change +0.11

Stop Loss: 4.08
Target(s): 4.60, 4.75, 4.95
Current Option Gain/Loss: + 3.3%
Time Frame: 4 to 6 weeks
New Positions: Yes

Comments:
11/18: Financial stocks saw a decent bounce today and Citigroup outperformed the banking indices with a +2.6% gain. Readers can buy this bounce or look for a dip near the $4.25-4.20 zone.

Current Position: Long C stock, entry was at $4.16
Options Traders: Long December $4.00 CALL

Entry on October 27, 2010
Earnings Date 01/19/11 (unconfirmed)
Average Daily Volume: 523 million
Listed on October 25, 2010


Hansen Natural Corp. - HANS - close: 50.21 change: +0.37

Stop Loss: 47.25
Target(s): 51.75
Current Option Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
11/18: Gains in HANS were pretty mild compared to the rest of the market. I don't see any real changes from my prior comments. I am still expecting a correction toward $48.00. Keep your positions small to limit your risk.

Earlier Comments:
Use a trigger at $48.25 to buy HANS or buy calls. If triggered we'll use a stop loss at $47.25.

Suggested Position: BUY the stock at $48.25

- or -

BUY the December $50.00 calls (on a dip at $48.25)

Entry on November xx
Earnings Date 11/04/10 (confirmed)
Average Daily Volume: 4.5 million
Listed on October 16, 2010


Kroger Co. - KR - close 22.76 change -0.05

Stop Loss: 21.45
Target(s): 23.70, 24.75
Current Option Gain/Loss: + 0.9%
Time Frame: 6 to 8 weeks
New Positions: Yes, but see below

Comments:
11/18: The bounce in KR stalled with its short-term trend of lower highs. This would suggest we might see another dip near $22.50 soon. There is no change from my previous comments. I would still consider new positions in the $22.60-22.00 zone. Cautious traders may want to raise their stop closer to $22.00.

Current Position: Long KR stock @ 22.55

Entry on November 9th @ 22.55
Earnings Date 12/8/2010 (unconfirmed)
Average Daily Volume: 6 million
Listed on November 3, 2010


Microsoft Corp. - MSFT - close: 25.84 change: +0.27

Stop Loss: 24.90
Target(s): 27.45, 29.00
Current Option Gain/Loss: + 1.1%
Time Frame: 8 to 10 weeks
New Positions: Yes

Comments:
11/18: Hmm... the rally in MSFT should have been stronger. The initial rally this morning stalled near $26 and shares slowly faded lower the rest of the day. I remain bullish here but readers can wait for another dip near $25.50 to launch bullish positions. More conservative traders may want to wait for more strength and look for a close over $26.00 before launching positions.

Current Position: Long MSFT stock @ 25.55

- or -

Buy the 2011 January $25.00 calls (symbol: MSFT1122A25) Entry @ $1.39

Entry on November 17 at $25.55
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume: 68.4 million
Listed on November 15th, 2010


Onyx Pharmaceuticals - ONXX - close: 30.20 change: +0.57

Stop Loss: 26.45
Target(s): 32.00, 34.50
Current Gain/Loss: unopened
Time Frame: 8 to 10 weeks
New Positions: Yes, see trigger

Comments:
11/18: Uh-oh! It looks like ONXX might run away from us. Shares rallied +1.9% and look poised to breakout higher from this current consolidation pattern. The November highs are in the $30.57 area. Nimble traders may want to consider aggressive positions on a move over $30.60. If you do you'll need to raise your stop loss significantly. If we see ONXX close over $30.50 I might adjust our entry point strategy. For now we're waiting for a dip.

Suggested Position: Buy ONXX stock @ 28.60

Entry on November xx at $xx.xx
Earnings Date 02/23/11 (unconfirmed)
Average Daily Volume: 1.1 million
Listed on November 13th, 2010


Tractor Supply Co. - TSCO - close: 40.90 change: +0.18

Stop Loss: 38.75
Target(s): 44.75
Current Option Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
11/18: TSCO spiked higher this morning but the rally failed near resistance at $42.00 and shares abruptly reversed lower. Given the bearish action today I am lowering our trigger to open positions and moving it toward the 50-dma. Our new trigger is $39.55 and we'll adjust the stop loss to $38.49.

Buy-the-Dip Trigger @ $39.55 <-- new trigger

Suggested Position: Buy TSCO stock @ 39.55

Entry on November xx at $xx.xx
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume: 751 thousand
Listed on November 11th, 2010


SPDR Financial ETF - XLF - close 14.86 change +0.20

Stop Loss: 14.45
Target(s): 17.25
Current Option Gain/Loss: - 2.5%
Time Frame: 6 to 8 weeks
New Positions: Yes, see details below

Comments:
11/18: After a two-week correction we're finally see a bounce in the XLF yet it failed to close over technical resistance at its 200-dma. Depending on your appetite for risk you could buy this bounce, wait for a close over $15.00, or look for another dip near $14.70 as our next entry point. I do expect the sector to bounce although it may not be immediately.

Earlier Comments:
You might want to buy call options instead of the ETF because the XLF doesn't move very fast (I'm thinking the 2011 January calls).

Current Position: Long the XLF (etf) @ 15.25

- or -

Options Traders: Long the 2011 January $15.00 call, entry @ $0.85

Entry on November 9th @ 15.25
Earnings Date N/A (unconfirmed)
Average Daily Volume: 83 million
Listed on November 4, 2010


BEARISH Play Updates

Corporate Office Properties - OFC - close: 34.45 change: +0.13

Stop Loss: 37.05
Target(s): 32.25, 30.25
Current Change: - 1.7%
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
11/18: The initial spike higher in OFC failed and shares pared their gains back to just +0.37%. I remain bearish and would use this move as a new entry point.

Current Position: Short OFC stock @ 35.07

Entry on November 10 at $35.07
Earnings Date 02/09/11 (unconfirmed)
Average Daily Volume: 1.0 million
Listed on November 9th, 2010