Editor's Note:
Most of the market moved sideways on Monday with little follow through on Friday's declines. Many stocks erased Friday's move altogether. Wall Street is waiting for the U.S. election results tomorrow. Let's hope we actually get results and not some massive recount nightmare.

Current Portfolio:


BULLISH Play Updates

Ball Corp. - BLL - close: 43.21 change: -0.17

Stop Loss: 42.40
Target(s): 48.00
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 3, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 687 thousand
New Positions: Yes, see below

Comments:
11/05/12: BLL produced a minor dip toward its 10-dma before bouncing off its lows. We are waiting for a breakout past major resistance.

I am suggesting we use a trigger to launch bullish positions at $43.85. More conservative trades may want to wait for BLL to cross $44.00 instead. Our multi-week target is $48.00.

Trigger @ 43.85

Suggested Position: buy BLL stock @ (trigger)



Ryland Group - RYL - close: 34.85 change: +0.86

Stop Loss: 32.90
Target(s): 39.50
Current Gain/Loss: + 1.0%

Entry on October 31 at $34.50
Listed on October 27, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
11/05/12: Lack of follow through on Friday's bearish reversal pattern is encouraging. However, today session created an "inside day" so RYL is still in jeopardy of correcting lower. I am not suggesting new positions at this time.

If we do get stopped out, watch for a dip toward $30 and its 50-dma, which may be a new bullish entry point.

The plan was to keep our position size small to limit our risk.

current Position: Long RYL stock @ 34.50

11/02/12 RYL has produced a potential bearish reversal pattern
11/01/12 new stop loss @ 32.90
10/31/12 triggered @ 34.50



Symantec Corp. - SYMC - close: 18.71 change: -0.09

Stop Loss: 17.99
Target(s): 19.95
Current Gain/Loss: - 0.7%

Entry on November 2 at $18.85
Listed on November 1, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 8.6 million
New Positions: see below

Comments:
11/05/12: Today's nine-cent decline erased Friday's nine-cent gain. There is no change from my prior comments. I now suspect that shares will dip and retest the $18.50 level soon. Readers could wait for that dip to $18.50 as an alternative entry point to open bullish positions.

Earlier Comments:
I do consider this a slightly more aggressive trade so we will want to limit our position size.

*Small Positions*

current Position: Long SYMC stock @ $18.85

- (or for more adventurous traders, try this option) -

Long DEC $19 call (SYMC1222L19) entry $0.71

11/02/12 SYMC gapped open at $18.85 (our entry point)



BEARISH Play Updates

Hewlett-Packard - HPQ - close: 14.01 change: +0.25

Stop Loss: 14.51
Target(s): 11.50
Current Gain/Loss: - 0.9%

Entry on November 01 at $13.88
Listed on October 31, 2012
Time Frame: exit prior to the Nov. 20th earnings report
Average Daily Volume = 35.7 million
New Positions: see below

Comments:
11/05/12: HPQ did not see any follow through on Friday's decline. As a matter of fact today's bounce essentially erased Friday's weakness. HPQ is hovering at support/resistance on the $14.00 mark. I am not suggesting new positions at this time. Our target is $11.50 but we will exit prior to the Nov. 20th earnings report.

current Position: Short HPQ stock @ $13.88

- (or for more adventurous traders, try this option) -

Long DEC $13 PUT (HPQ1222x13) Entry $0.47



Netgear Inc. - NTGR - close: 35.30 change: +0.32

Stop Loss: 36.05
Target(s): 30.25
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 3, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 381 thousand
New Positions: see below

Comments:
11/05/12: NTGR bounced off its morning low of $34.77. We are waiting for a breakdown to a new relative low.

The October 26th low was $34.60. I am suggesting a trigger to open bearish positions at $34.50. Our target is $30.25.

Trigger @ 34.50

Suggested Position: short NTGR stock @ (trigger)

- (or for more adventurous traders, try this option) -

buy the DEC $33 PUT (NTGR1222x33)



Tronox Inc. - TROX - close: 20.23 change: +0.01

Stop Loss: 20.75
Target(s): 18.05
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 3, 2012
Time Frame: exit on Nov. 9th to avoid the earnings report
Average Daily Volume = 838 thousand
New Positions: Yes, see below

Comments:
11/05/12: TROX closed virtually unchanged on the session and is still hovering above major support at $20.00. A breakdown here could produce a sharp and fast drop lower.

This is going to be a short-term trade. TROX is due to report earnings on November 12th and we do not want to hold over the report (more aggressive traders may want to reconsider and hold over the announcement). If our trade is still open, we'll plan to exit on Nov. 9th at the closing bell.

Right now I am suggesting a trigger at $19.75 to open small bearish positions. Our target is $18.05. More aggressive traders could aim lower. FYI: The Point & Figure chart for TROX is bearish with a $12.00 target.

Trigger @ 19.75 *Small Positions*

Suggested Position: short TROX stock @ (trigger)