Editor's Note:
The market didn't see that much movement today but we did see both EXR and THLD hit our trigger to open bullish positions.

Current Portfolio:


BULLISH Play Updates

ACI Worldwide, Inc. - ACIW - close: 45.73 change: +0.22

Stop Loss: 43.75
Target(s): 49.00
Current Gain/Loss: + 3.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
07/09/12 update: ACIW spent Monday hovering under the $46.00 level. I don't see any changes from my weekend comments. Readers may want to consider taking profits early. I am not suggesting new positions at this time.

current Position: Long ACIW stock @ $44.05

07/03/12 new stop loss @ 43.75
06/29/12 triggered @ 44.05

Entry on June 29 at $44.05
Earnings Date 07/26/12 (unconfirmed)
Average Daily Volume = 318 thousand
Listed on June 27, 2011


Extra Space Storage - EXR - close: 31.11 change: +0.17

Stop Loss: 29.99
Target(s): 33.50
Current Gain/Loss: - 0.1%
Time Frame: exit prior to the late July earnings report
New Positions: see below

Comments:
07/09/12 update: EXR continues to rally. Shares traded up to $31.21 before settling with a +0.5% gain. Our trigger to launch bullish positions was hit at $31.15. I would still consider new positions now at current levels.

Our target is $33.50 but we'll plan to exit prior to the late July earnings report.

Suggested Position: Long EXR stock @ $31.15

07/09/12 triggered @ 31.15

Entry on July 09 at $31.15
Earnings Date 07/26/12 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on July 07, 2011


Sprint-Nextel Corp. - S - close: 3.21 change: -0.08

Stop Loss: 3.18
Target(s): 3.70
Current Gain/Loss: + 2.6%
Time Frame: 6 to 9 weeks
New Positions: see below

Comments:
07/09/12 update: Sprint is not looking very healthy here. The stock underperformed the market with a -2.4% decline. Shares are now back underneath their 10-dma and 30-dma. The stock is hovering just above the $3.20 mark. If the market declines again tomorrow I would expect S to hit our stop loss at $3.18. I am not suggesting new positions at this time.

current position: Long S stock @ $3.13

07/03/12 new stop loss @ 3.18

Entry on June 20 at $ 3.13
Earnings Date 07/26/12 (unconfirmed)
Average Daily Volume = 53 million
Listed on June 19, 2011


Six Flags Entertainment - SIX - close: 53.85 change: -0.07

Stop Loss: 53.25
Target(s): 56.50
Current Gain/Loss: + 3.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
07/09/12 update: Monday was a quiet day for SIX. Shares churned sideways in the $53.60-54.00 zone. I don't see any changes from my weekend comments. Readers may want to take profits early now. I am not suggesting new positions at this time.

current Position: Long SIX stock @ $52.05

07/03/12 new stop loss @ 53.25
06/30/12 new stop loss @ 51.75
06/26/12 triggered @ 52.05

Entry on June 26 at $52.05
Earnings Date 07/24/12 (before the opening bell)
Average Daily Volume = 512 thousand
Listed on June 25, 2011


Threshold Pharmaceuticals - THLD - close: 8.15 change: -0.04

Stop Loss: 7.49
Target(s): 9.75
Current Gain/Loss: - 1.2%
Time Frame: exit prior to the very late July /early August earnings
New Positions: see below

Comments:
07/09/12 update: THLD opened higher at $8.18 and spiked to $8.45 before reversing gains. The stock did hit our trigger at $8.25 and I would wait for a new rally past $8.25 before launching positions again.

There is a good chance THLD might see a short squeeze. The most recent data listed short interest at 18% of the 40.7 million-share float. Biotechs can be volatile stocks so readers may want to limit their position size to reduce risk. The 2012 high near $9.00 could be resistance but we're aiming for $9.75 (although we'll exit prior to the late July/early August earnings report).

Suggested Position: Long THLD stock @ $8.25

- or -

Long Aug $7.50 call (THLD1218H7.5) Entry $1.20

07/09/12 triggered @ 8.25

Entry on July 09 at $ 8.25
Earnings Date 07/30/12 (unconfirmed)
Average Daily Volume = 1.6 million
Listed on July 07, 2011


VeriSign, Inc. - VRSN - close: 43.43 change: -0.38

Stop Loss: 43.40
Target(s): 49.00
Current Gain/Loss: unopened
Time Frame: exit prior to the late July earnings report
New Positions: see below

Comments:
07/09/12 update: Hmm... VRSN is not cooperating. Shares have now closed back below their 10-dma again. If shares don't show some improvement soon we'll likely drop it. Right now the plan is to use a trigger at $44.35 to open bullish positions.

Trigger to open bullish positions @ $44.35 (stop 43.40)

Suggested Position: buy VRSN stock @ (trigger)

- or -

buy the Aug $45 call (VRSN1218H45)

07/07/12 new entry point strategy: trigger @ 44.35, stop 43.40
07/05/12 trade did not open. No new trades until Monday. Look for a new entry strategy this weekend.

Entry on July xx at $ xx.xx
Earnings Date 07/26/12 (unconfirmed)
Average Daily Volume = 2.0 million
Listed on July 03, 2011


Ventas, Inc. - VTR - close: 63.90 change: +0.47

Stop Loss: 62.45
Target(s): 64.50
Current Gain/Loss: + 7.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
07/09/12 update: VTR continued to bounce on Monday and shares added +0.7%. The stock looks poised to try and breakout past $64.00 again. We are aiming for $64.50 but more aggressive traders could aim for the $65.50-66.00 zone instead.

current Position: Long VTR stock @ $59.71

07/03/12 new stop loss @ 62.45
06/30/12 new stop loss @ 60.20
06/23/12 triggered on the gap down at $59.71
06/18/12 Entry point conditions were not met this morning.
Adjust strategy to buy a dip at $60.00.

Entry on June 25 at $59.71
Earnings Date 08/02/12 (unconfirmed)
Average Daily Volume = 1.9 million
Listed on June 16, 2011


BEARISH Play Updates

Aetna Inc. - AET - close: 38.04 change: +0.41

Stop Loss: 39.55
Target(s): 35.10
Current Gain/Loss: + 1.1%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
07/09/12 update: AET saw a brief spike toward short-term resistance near $39.00 before paring its gains. I don't see any changes from my weekend comments. I am not suggesting new positions at this time.

FYI: The Point & Figure chart for AET is bearish with a $29 target.

current Position: short AET stock @ $38.45

- or -

Long Aug $38 PUT (AET1218T38) Entry $1.65

07/03/12 new stop loss @ 39.55
07/03/12 triggered @ 38.45

Entry on July 03 at $38.45
Earnings Date 07/31/12 (unconfirmed)
Average Daily Volume = 6.0 million
Listed on June 30, 2011


First Solar Inc. - FSLR - close: 14.55 change: -0.46

Stop Loss: 15.51
Target(s): 12.00, 10.50
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Comments:
07/09/12 update: FSLR is starting to underperform the market again. Shares lost -3.0% and closed back under its 50-dma. The low today was $14.50.

Currently we are suggesting a trigger to launch bearish positions at $14.40. We'll set two targets. Our first target is $12.00. Our longer-term, more aggressive target is $10.50.

Trigger @ 14.40

Suggested Position: short FSLR stock @ (trigger)

- or -

buy the Aug $14 PUT (FSLR1218T14)

Entry on June xx at $ xx.xx
Earnings Date 08/02/12 (unconfirmed)
Average Daily Volume = 7.3 million
Listed on June 30, 2011


Groupon, Inc. - GRPN - close: 8.79 change: +0.35

Stop Loss: 9.55
Target(s): 6.25
Current Gain/Loss: - 4.6%
Time Frame: exit prior to the early August earnings report
New Positions: see below

Comments:
07/09/12 update: Shares of GRPN can be volatile and the stock reversed higher with a +4.1% gain today. Broken support near $9.00 should be resistance. I would wait for this bounce to stall or reverse near $9.00 before launching new positions.

You may want to limit your risk by trading the put options instead.

*Small Positions*

current Position: short GRPN stock @ $8.40

- or -

Long Aug $8.00 PUT (GRPN1218T8) Entry $0.80

Entry on July 09 at $8.40
Earnings Date 08/08/12 (unconfirmed)
Average Daily Volume = 8.1 million
Listed on July 07, 2011