Editor's Note:
Retail-related stocks continue to inch higher as we near Black Friday. Meanwhile banking stocks were big losers on the session. Readers may want to consider more aggressive entry points on ANF or TSCO.

-James

Current Portfolio:


BULLISH Play Updates

Alcoa Inc - AA - close: 13.29 change: -0.09

Stop Loss: 12.45
Target(s): 14.95, 15.95
Current Option Gain/Loss: + 0.8%
Time Frame: 6 to 8 weeks
New Positions: Yes, but see below

Comments:
11/22 update: Monday ended up being a very quiet session for AA. Shares did not see a big decline with the rest of the market this morning but neither did AA see a big afternoon rebound. There is no change from my weekend comments. Depending on your risk profile you could buy dips near $13.10 or wait for a breakout past $13.50.

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


Alaska Air Group - ALK - close: 55.45 change: +0.42

Stop Loss: 59.50
Target(s): 51.90
Current Option Gain/Loss: unopened
Time Frame: 8 to 9 weeks
New Positions: Yes

Comments:
11/22 update: ALK opened at $54.91. Shares slipped to $54.57 midday before turning higher and closing with a +0.7% gain. I don't see any changes from my weekend comments and would continue to launch new bullish positions at current levels. Our first target is $59.50. FYI: The Point & Figure chart is bullish with a $79 target.

Current Position: Long ALK stock @ $54.91

- or -

Long the 2011 January $60 calls (symbol: ALK1122A60) entry @ $1.60

Entry on November 22 at $54.91
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume: 331 thousand
Listed on November 20th, 2010


Abercrombie & Fitch - ANF - close: 47.70 change: +0.40

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:
11/22 update: Hmmm.... retail stocks continue to inch higher. ANF looks poised to breakout past resistance near $48.00 soon. More aggressive traders may want to consider bullish positions on a move over $48. I am still hoping we'll get a chance to buy a dip near $46.00.

Trigger to buy ANF @ $46.10

Suggested Position: Buy ANF stock @ $46.10
- or -
Buy the 2011 January $50 call (symbol: ANF1122A50)

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 4.18 change -0.09

Stop Loss: 4.08
Target(s): 4.60, 4.75, 4.95
Current Option Gain/Loss: + 0.4%
Time Frame: 4 to 6 weeks
New Positions: Yes

Comments:
11/22 update: Citigroup sank with the rest of the financials this morning. Fortunately C is holding support at its trendline of higher lows. A breakdown from here would leave C testing short-term support at $4.10 and any further decline would stop us out. I would consider buying C on a bounce from current levels.

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


Companhia Brasileira de Distribuicao - CBD - close: 41.71 change: +0.49

Stop Loss: 36.75
Target(s): 44.95, 49.00
Current Option Gain/Loss: unopened
Time Frame: 10 to 12 weeks
New Positions: Yes, see trigger

Comments:
11/22 update: CBD continues to show strength and extended its gains to four days in a row. The stock closed a new all-time highs again. I am suggesting we wait for a dip. Our trigger to launch bullish positions is at $40.25. We'll use a relatively wide (aggressive) stop loss at $36.75 because CBD shares can be somewhat volatile. If triggered at $40.25 our first target is $44.95. My time frame is two to three months.

Trigger to launch bullish positions $40.25

Suggested Position: Buy CBD stock

Entry on November xx at $xx.xx
Earnings Date 03/02/11 (unconfirmed)
Average Daily Volume: 608 thousand
Listed on November 20th, 2010


Hansen Natural Corp. - HANS - close: 52.90 change: +0.04

Stop Loss: 48.95
Target(s): 54.90, 57.45
Current Option Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
11/22 update: Lack of profit taking in HANS is a show of strength but we still don't want to chase it. Currently the plan is to launch bullish positions on a dip at $51.50.

Trigger @ 51.50

Suggested Position: BUY the stock

- or -

BUY the January $55.00 calls (symbol:HANS1122A55)

Entry on November xx
Earnings Date 11/04/10 (confirmed)
Average Daily Volume: 750 thousand
Listed on October 16, 2010


Kroger Co. - KR - close 23.13 change +0.30

Stop Loss: 21.95
Target(s): 23.70, 24.75
Current Option Gain/Loss: + 1.2%
Time Frame: 8 to 10 weeks
New Positions: Yes, but see below

Comments:
11/22 update: KR is still showing strength and the stock added +1.3%. KR also appears to be breaking out from its recent consolidation pattern. It's not too late to consider bullish positions. Just keep in mind that KR doesn't move very fast. It could take a couple of months for KR to rally toward $25. I am moving our stop loss to $21.95.

FYI: KR is due to report earnings in early December.

Current Position: Long KR stock @ 22.55

Entry on November 9th @ 22.55
Earnings Date 12/2/2010 (unconfirmed)
Average Daily Volume: 6 million
Listed on November 3, 2010


Lam Research - LRCX - close: 46.87 change: +0.36

Stop Loss: 42.75
Target(s): 48.50, 52.50
Current Option Gain/Loss: unopened
Time Frame: 8 to 10 weeks
New Positions: Yes, see trigger

Comments:
11/22 update: Semiconductors were strong performers today with the SOX gaining +1%. LRCX added +0.77% and stretched its gains to four days in a row. We still don't want to chase it. The plan is to buy a dip at $45.25. We'll use a tight stop loss at $42.75 near the 50-dma. More conservative traders could probably use a stop a lot closer to the $44.00 level. If triggered our first target is $48.50.

Suggested Position: Buy LRCX stock @ 45.25
- or -
Suggested Position: Buy the 2011 January $45 calls (LRCX1122A45)

Entry on November xx at $xx.xx
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume: 4.5 million
Listed on November 18th, 2010


Microsoft Corp. - MSFT - close: 25.73 change: +0.04

Stop Loss: 24.90
Target(s): 27.45, 29.00
Current Option Gain/Loss: + 0.7%
Time Frame: 8 to 10 weeks
New Positions: Yes

Comments:
11/22 update: MSFT briefly traded under support near $25.50 and its 50-dma but managed to rebound back into positive territory. This looks like a new bullish entry point to buy MSFT stock or call options. Alternatively more conservative traders could wait for a close over $26.10 instead.

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: 29.71 change: -0.45

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:
11/22 update: ONXX has rolled over toward the bottom of its current $29.30-30.60 trading range. A breakdown under $29.30 should herald a correction toward support near $28.00.

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: 41.49 change: +0.59

Stop Loss: 38.49
Target(s): 44.95
Current Option Gain/Loss: unopened
Time Frame: 8 to 10 weeks
New Positions: Yes, see trigger

Comments:
11/22 update: Uh-oh! I think TSCO is ready to breakout higher again. The stock might see another dip toward its 20-dma before surging higher so I'm suggesting a new trigger to buy TSCO on the dip at $40.75. We'll move our stop loss to $39.45.

Buy-the-Dip Trigger @ $40.75 <-- new trigger

Suggested Position: Buy TSCO stock
- or -
Buy the 2011 January $45 calls (symbol:TSCO1122A45)

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 14.64 change -0.21

Stop Loss: 14.45
Target(s): 17.25
Current Option Gain/Loss: - 4.0%
Time Frame: 6 to 8 weeks
New Positions: Yes, see details below

Comments:
11/22 update: It's not looking good for our XLF play. The financials continue to underperform. This morning the XLF dipped to $14.54. I am not suggesting new bullish positions at this time.

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: 34.21 change: -0.18

Stop Loss: 36.65
Target(s): 32.25, 30.25
Current Change: - 2.4%
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
11/22 update: OFC continues to sink under a trend of lower highs. The stock looks poised to breakdown under the $34.00 level soon. I'm adjusting our stop loss to $36.65.

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