Editor's Note:
Investors are still worried about the impact Europe's debt woes might have on the U.S. and the global economy but the financials only saw mild losses today. The weakness in tech stocks was strong enough to see LRCX hit our buy-the-dip trigger.

-James

Current Portfolio:


BULLISH Play Updates

Alcoa Inc - AA - close: 13.13 change: -0.17

Stop Loss: 12.45
Target(s): 14.95, 15.95
Current Option Gain/Loss: - 0.4%
Time Frame: 6 to 8 weeks
New Positions: Yes, but see below

Comments:
11/30 update: Dollar strength continues to pressure commodity-related issues. AA spent the session in a tight range. I remain bullish here but more conservative traders might want to consider raising their stops toward the $12.80 level.

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: 55.00 change: -0.50

Stop Loss: 59.50
Target(s): 51.90
Current Option Gain/Loss: + 0.1%
Time Frame: 8 to 9 weeks
New Positions: Yes, see below

Comments:
11/30 update: The airline sector fell about -1% on Tuesday but most of that happened at the open. ALK churned sideways in an 80-cent range. We can look for support near $54 and near $53. There is no change from my weekend comments. Depending on your style of trading you could wait for a dip back toward the $55-54 zone as your next entry point or wait for a breakout to new highs (over 56.50). 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: 50.25 change: +1.49

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:
11/30 update: Strong retail sales numbers helped pare losses in the retail sector and helped ANF to a +3% rally. The stock is once again testing resistance near $50.00. I still don't want to chase it here. I'm suggesting readers look for a pull back into the $46.10-45.00 zone.

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 4.20 change +0.05

Stop Loss: 4.08
Target(s): 4.60, 4.75, 4.95
Current Option Gain/Loss: + 1.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
11/30 update: An upgrade for Citigroup this morning helped fuel the +1.2% gain. Yesterday I suggested readers buy a move over $4.20 and we got that move today.

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: 42.07 change: +1.21

Stop Loss: 36.75
Target(s): 44.95, 49.00
Current Option Gain/Loss: + 4.5%
Time Frame: 10 to 12 weeks
New Positions: Yes, see below

Comments:
11/30 update: The relative strength in CBD continues. The stock rallied +2.9% and closed at new highs. If you don't want to chase it consider waiting for another dip into the $40.50-40.00 zone. More conservative traders may want to consider a stop loss closer to $38.00. We have a wide stop because CBD can be so volatile. Bear in mind this is a higher-risk trade.

Current Position: Long CBD stock @ $40.25

Entry on November 23 at $40.25
Earnings Date 03/02/11 (unconfirmed)
Average Daily Volume: 608 thousand
Listed on November 20th, 2010


Genuine Parts Co. - GPC - close: 48.14 change: -0.18

Stop Loss: 46.85
Target(s): 51.50
Current Option Gain/Loss: - 0.2%
Time Frame: 6 to 8 weeks
New Positions: Yes

Comments:
11/30 update: I don't see any changes from my previous comments on GPC. The stock is holding up relatively well. Traders bought the dip very quickly this morning. I would still consider new positions at current levels. Readers may want to buy the call options to leverage this move. FYI: The point & figure chart is bullish with a $52 target.

Current Position: Long GPC stock @ $48.24
- or -
Long the 2011 January $50.00 calls (GPC1122A50) Entry @ $0.40

Entry on November 29 at $48.24
Earnings Date 02/16/11 (unconfirmed)
Average Daily Volume: 763 thousand
Listed on November 27th, 2010


Hansen Natural Corp. - HANS - close: 53.22 change: +0.09

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:
11/30 update: HANS dipped to $52.52 this morning. I am suggesting readers wait for a dip to $52.00 before launching positions.

Trigger @ 52.00

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 23.55 change +0.47

Stop Loss: 21.95
Target(s): 23.70, 24.75
Current Option Gain/Loss: + 4.4%
Time Frame: 8 to 10 weeks
New Positions: No

Comments:
11/30 update: KR displayed relative strength on Tuesday with a +2% gain and a breakout past resistance. Volume was stronger than what KR has seen in days. Tomorrow is your last chance to exit before the earnings report on Thursday morning. Remember, holding over earnings is normally a high-risk event. If you don't take profits tomorrow you might want to raise your stop loss (maybe towards $22.25?).

Don't forget our first target is $23.70. KR hit $23.61 this afternoon. Our second and final target is $24.75.

Current Position: Long KR stock @ 22.55

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


Lam Research - LRCX - close: 45.40 change: -0.75

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:
11/30 update: LRCX gapped open lower at $45.52 and then spiked down to $45.00 before bouncing. Our trigger to open bullish positions was hit at $45.25. If you missed the entry point I have also suggested that more conservative traders wait for a dip closer to $44 and that could still happen.

Current Position: Long LRCX stock @ 45.25
- or -
Current Position: Long the 2011 January $45 calls (LRCX1122A45) Entry @ $2.85

chart:

Entry on November 30 at $45.25
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume: 4.5 million
Listed on November 18th, 2010


Microsoft Corp. - MSFT - close: 25.26 change: -0.05

Stop Loss: 24.70
Target(s): 27.45, 29.00
Current Option Gain/Loss: - 1.1%
Time Frame: 8 to 10 weeks
New Positions: Yes

Comments:
11/30 update: Once again traders bought the dip near $25.00 but the bounce still failed at short-term resistance near $25.50. Tech stocks were the laggards today. Keep an eye on the NASDAQ. The index is testing support near its rising 40-dma. If the NASDAQ breaks past its mid November low it could be bad news for MSFT. I don't see any changes from my previous comments. If you aren't ready to buy this bounce yet consider waiting for a rally past $25.50 or $26.10.
FYI: We may need to adjust our time frame and focus on three or four months for MSFT to pay off. If you're buying calls, keep that in mind.

Current Position: Long MSFT stock @ 25.55

- or -

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

11/29/10 New stop @ 24.70

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: 29.45 change: -0.02

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:
11/30 update: There is no change from my prior comments. We're still looking for a pull back toward support near $28.00. Our trigger is at $28.60.

Trigger @ $28.60

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


Sony Corp. - SNE - close: 35.48 change: +0.48

Stop Loss: 32.90
Target(s): 35.75, 39.00
Current Option Gain/Loss: unopened
Time Frame: 10 to 12 weeks
New Positions: Yes, see trigger

Comments:
11/30 update: Uh-oh! SNE is starting to run away higher without us. Shares posted another bounce and are currently testing their November highs. I remain bullish on SNE but don't want to chase it. I'm suggesting we wait for the dip to $34.00. If triggered our first target is $35.75 with a stop loss t $32.90.

Trigger @ $34.00

Suggested Position: Buy SNE stock
- or -
Buy the 2011 APRIL $35 calls (SNE1116D35) current ask $2.45

Entry on November xx at $xx.xx
Earnings Date 02/03/11 (unconfirmed)
Average Daily Volume: 888 thousand
Listed on November 23rd, 2010


Tractor Supply Co. - TSCO - close: 42.47 change: +0.47

Stop Loss: 39.45
Target(s): 44.95
Current Option Gain/Loss: unopened
Time Frame: 8 to 10 weeks
New Positions: Yes, see trigger

Comments:
11/30 update: TSCO continues to show relative strength and I'm about ready to give in and buy it now. However, the market's posture today looks bearish and any significant decline in the S&P or NASDAQ should pressure shares of TSCO lower as well. Let's keep our trigger at $40.75 for another day and see what happens tomorrow. More aggressive traders could buy TSCO now since this is s new closing high.

Buy-the-Dip Trigger @ $40.75

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


Wells Fargo & Co - WFC - close: 27.21 change: +0.01

Stop Loss: 26.40
Target(s): 29.25, 31.90
Current Option Gain/Loss: + 1.2%
Time Frame: 10 to 12 weeks
New Positions: Yes, see below

Comments:
11/30 update: The rally in banking stocks did not see a lot of follow through but WFC still held up better than its peers. Shares opened lower at $26.88 but managed to claw its way back into positive territory. While I would still open positions now at current levels patient traders might get a better entry point on another dip near $26.60 soon.

Current Position: Long WFC stock @ $26.88

- or -

Long the 2011 January $27.50 call (WFC1122A27.5) Entry @ $1.16

Entry on November 30 at $26.88
Earnings Date 01/19/11 (unconfirmed)
Average Daily Volume: 32.7 million
Listed on November 29th, 2010


World Acceptance Corp. - WRLD - close: 44.06 change: -0.78

Stop Loss: 40.75
Target(s): 47.25, 49.75
Current Option Gain/Loss: - 0.4%
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
11/30 update: WRLD saw a little bit of profit taking today with a -1.7% decline. The stock is still testing short-term support near $44.00. I suspect if the S&P 500 continues to slip lower we could see WRLD fall toward $43.00. I would use a dip near $43.00 as a new bullish entry point.

Current Position: Long WRLD stock @ 44.25
- or -
Long the 2011 January $45 calls (WRLD1122A45) Entry @ $2.40

Entry on November 29 at $44.25
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume: 122 thousand
Listed on November 27th, 2010


BEARISH Play Updates

Corporate Office Properties - OFC - close: 33.91 change: +0.01

Stop Loss: 36.15
Target(s): 32.25, 30.25
Current Change: - 3.3%
Time Frame: 6 to 8 weeks
New Positions: No

Comments:
11/30 update: OFC was upgraded to a market perform this morning and that helped shares spike to $34.35. Fortunately, the gains didn't last long and OFC eventually faded back toward unchanged. I don't see any changes from my weekend comments.

11/27/10 New stop @ 36.15

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