Editor's Note:
Shares of BlackBerry Limited (BBRY) hit our bullish exit target today. We also saw USTR hit our suggested entry trigger.


Current Portfolio:


BULLISH Play Updates

Best Buy Co. - BBY - close: 30.86 change: +0.23

Stop Loss: 29.75
Target(s): 33.50
Current Gain/Loss: + 1.5%

Entry on August 01 at $30.40
Listed on July 25, 2013
Time Frame: exit PRIOR to earnings on August 20th
Average Daily Volume = 4.9 million
New Positions: Yes, see below

Comments:
08/12/13: BBY shot higher on Monday morning but the rally failed at $31.60. By the closing bell shares had pared their gains significantly. I don't see any changes from my earlier comments. We are planning to exit prior to the earnings report on August 20th.

current Position: Long the stock @ $30.40

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

Long Sep $32 call (BBY1321i32) entry $1.20

08/01/13 new stop loss @ 29.75



FLIR Systems - FLIR - close: 33.18 change: +0.19

Stop Loss: 31.95
Target(s): 36.00
Current Gain/Loss: + 0.4%

Entry on August 02 at $33.05
Listed on August 01, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: see below

Comments:
08/12/13: This morning FLIR issued a press release stating the company had acquired "certain assets of DigitalOptics Corporation's micro-optics business for a purchase price of $14.9 million. Included in the purchase are fabrication equipment and more than 200 patents and pending applications associated with the design and production of complex optical surfaces, substrates, and low cost components."

It's possible that the news may have contributed to the early morning rally. FLIR did manage to outperform the market with a +0.5% gain.

More conservative traders may want to raise their stop near Friday's low at $32.51.

current Position: Long FLIR stock @ $33.05



Luminex Corp. - LMNX - close: 21.65 change: +0.51

Stop Loss: 20.40
Target(s): 23.00
Current Gain/Loss: + 5.1%

Entry on August 07 at $20.60
Listed on August 06, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 167 thousand
New Positions: see below

Comments:
08/12/13: LMNX displayed relative strength today with a +2.4% gain and a bullish breakout above its simple 50-dma. The stock is nearing its next obstacle. The bottom of the July 30th gap down near the $21.50-22.00 zone could be short-term resistance. I am not suggesting new positions. I am raising our stop loss to $20.40.

*small positions*

current Position: Long LMNX stock @ $20.60

08/12/13 new stop loss @ 20.40



Lowe's Companies - LOW - close: 45.80 change: +0.12

Stop Loss: 44.40
Target(s): 49.50
Current Gain/Loss: + 0.4%

Entry on August 08 at $45.60
Listed on August 05, 2013
Time Frame: exit PRIOR to earnings on Aug. 21st
Average Daily Volume = 5.9 million
New Positions: see below

Comments:
08/12/13: Shares of LOW were upgraded this morning. This news may have helped fuel the early morning spike higher. Unfortunately the rally reversed near its highs from Thursday last week around the $46.25 level.

Traders might want to consider looking for a dip near $45.00 as an alternative bullish entry point.

Don't forget that we will plan on exiting prior to LOW's earnings report on August 21st.

current Position: Long LOW stock @ $45.60

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

Long Sep $45 call (LOW1321i45) entry $1.90



Ocwen Financial Corp - OCN - close: 51.75 change: -0.15

Stop Loss: 49.25
Target(s): 55.00
Current Gain/Loss: + 2.0%

Entry on August 08 at $50.76
Listed on August 07, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 1.8 million
New Positions: see below

Comments:
08/12/13: OCN's performance today was almost identical to Friday's performance. Shares failed near $52.25 again and then spent the rest of the day slowly drifting lower (essentially sideways).

If the market were to dip I would look for OCN to test the $51-50 zone again.

Earlier Comments:
If triggered our multi-week target is $55.00. More aggressive traders could aim higher. The Point & Figure chart for OCN is bullish with a $63 target.

current Position: Long OCN stock @ $50.76

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

Long Sep $50 call (OCN1321i50) entry $2.70

08/08/13 traded on gap higher at $50.76. Trigger was $50.70



Texas Instruments - TXN - close: 39.71 change: -0.07

Stop Loss: 38.90
Target(s): 44.50
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 03, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.2 million
New Positions: Yes, see below

Comments:
08/12/13: TXN is still testing our patience with its sideways consolidation below resistance at $40.00.

We are suggesting a trigger to launch bullish positions at $40.20. If triggered our multi-week target is $44.50.

Trigger @ $40.20

Suggested Position: buy TXN stock @ (trigger)

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

buy the Sep $40.00 call (TXN1321i40)



United Stationers - USTR - close: 43.52 change: +0.22

Stop Loss: 41.95
Target(s): 48.50
Current Gain/Loss: - 0.1%

Entry on August 12 at $43.55
Listed on August 10, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 275 thousand
New Positions: see below

Comments:
08/12/13: USTR spent the first half of Monday consolidating sideways before eventually deciding to keep the rally alive with an afternoon march higher. Shares hit our suggested entry trigger at $43.55 and closed with a +0.5% gain.

Earlier Comments:
USTR could see more short covering. The most recent data listed short interest at more than 13% of the small 39.4 million share float.

current Position: long USTR stock @ $43.55

08/12/13 triggered @ 43.55



BEARISH Play Updates

MDC holdings - MDC - close: 29.64 change: +0.30

Stop Loss: 30.35
Target(s): 25.50
Current Gain/Loss: - 1.9%

Entry on August 09 at $29.08
Listed on August 08, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 943 thousand
New Positions: see below

Comments:
08/12/13: The homebuilders spiked higher this morning. The rally in MDC hit $30.11 before reversing. We're expecting the $30.00 level to be overhead resistance so traders may want to launch new bearish positions now.

Earlier Comments:
Keep in mind that the homebuilders have been volatile. I am suggesting small positions. You may want to consider just buying puts since your risk is limited to the cost of the put option.

*Small Positions*

current Position: short MDC stock @ $29.08

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

Long Sep $30 PUT (MDC1321u30) entry $2.10

08/09/13 trade opened with MDC opening at $29.08



Saia, Inc. - SAIA - close: 29.51 change: +0.93

Stop Loss: 30.25
Target(s): 25.25
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 10, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 192 thousand
New Positions: Yes, see below

Comments:
08/12/13: SAIA came close to erasing Friday's loss with a +3.25% bounce today. The overall trend still looks bearish. Nimble traders may want to consider launch bearish positions on a bounce or a failed rally near the $30.00 mark. Officially the newsletter is suggesting a trigger to launch bearish positions at $28.25. If triggered our target is $25.25.

Trigger @ 28.25

Suggested Position: short SAIA stock @ (trigger)



CLOSED BULLISH PLAYS

BlackBerry Limited - BBRY - close: 10.78 change: +1.02

Stop Loss: 8.49
Target(s): 10.90
Current Gain/Loss: +21.0%

Entry on August 05 at $9.01
Listed on August 03, 2013
Time Frame: 6 to 9 weeks
Average Daily Volume = 16.3 million
New Positions: see below

Comments:
08/12/13: Target achieved.

News that BBRY was evaluating its "strategic options" (a.k.a. putting itself up for sale) helped fuel another strong one-day gain. Shares surged toward $11.00 and managed to hit $10.93 intraday. The stock settled with a +10.4% gain for Monday. Our bullish exit target was hit at $10.90.

*small positions*

closed Position: Long BBRY stock @ $9.01 exit $10.90 (+21.0%)

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

2014 Jan $10 call (BBRY1418a10) entry $0.99 exit $2.04 (+106.0%)

08/12/13 target hit at $10.90

chart: