Editor's Note:
With Monday's decline both the S&P 500 and the small cap Russell 2000 index are below their simple 50-dma. That doesn't bode well for the bulls.

CTRP and HAL were triggered. FLIR was stopped out.


Current Portfolio:


BULLISH Play Updates

AudioCodes Ltd. - AUDC - close: 5.84 change: +0.23

Stop Loss: 5.35
Target(s): 6.25
Current Gain/Loss: + 3.0%

Entry on August 16 at $ 5.67
Listed on August 15, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 229 thousand
New Positions: see below

Comments:
08/19/13: It was a volatile day for shares of AUDC. I couldn't find any headlines to explain the midday drop but traders bought the dip. AUDC managed to rebound to a new 52-week high and test round-number resistance at the $6.00 level. The low today was $5.37 and we're moving our stop loss to $5.35.
FYI: The Point & Figure chart for AUDC is bullish with a $10 target.

current Position: Long AUDC stock @ $5.67

08/19/13 new stop loss @ 5.35
08/16/13 trade opened on gap higher at $5.67. Trigger was $5.65



Ctrip.com Intl. Ltd. - CTRP - close: 45.97 change: -0.06

Stop Loss: 44.75
Target(s): 49.75
Current Gain/Loss: - 1.2%

Entry on August 19 at $46.55
Listed on August 17, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.0 million
New Positions: Yes, see below

Comments:
08/19/13: CTRP recovered from its morning lows and rallied to a new 52-week high midday. Our suggested trigger to launch positions was hit at $46.55. CTRP did pare its gains by the closing bell but the trend remains bullish.

Earlier Comments:
If triggered our target is $49.75. More aggressive traders may want to aim higher. The all-time high is near $53.00.

current Position: long CTRP stock @ $46.55

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

Long Sep $50 call (CTRP1321i50) entry $0.90



Electronic Arts - EA - close: 26.57 change: -0.32

Stop Loss: 26.25
Target(s): 29.75
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 17, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.2 million
New Positions: Yes, see below

Comments:
08/19/13: EA flirted with a breakout past resistance near $27.00 today. Shares actually traded above $27.00 for the first time in years this morning but EA did not hit our suggested entry point at $27.10. Thus we are still on the sidelines. If triggered our target is $29.75.

Trigger @ $27.10

Suggested Position: buy EA stock @ (trigger)

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

buy the Sep $28 call (EA1321i28)



Halliburton Company - HAL - close: 46.65 change: -0.30

Stop Loss: 45.80
Target(s): 49.85
Current Gain/Loss: - 1.0%

Entry on August 19 at $47.10
Listed on August 17, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 9.0 million
New Positions: Yes, see below

Comments:
08/19/13: Early morning strength pushed HAL past resistance near $47.00 and the stock hit a new two-year high. Our trigger to open positions was tagged at $47.10. Unfortunately shares failed to maintain these gains and faded back below the $47.00 level. Nimble traders may want to consider buying dips in the $46.25-46.00 zone but I am suggesting investors wait for a new rally past $47.00 again.

Earlier Comments:
If triggered our target is $49.85. If you have a longer time frame you could aim higher.

current Position: long HAL stock @ $47.10

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

Long Oct $50 call (HAL1319j50) entry $0.69



Ocwen Financial Corp - OCN - close: 50.19 change: -1.23

Stop Loss: 49.75
Target(s): 55.00
Current Gain/Loss: - 1.1%

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:
08/19/13: Uh-oh! Monday was not a good day for OCN. The rally attempt this morning failed at short-term resistance near $52.00. The stock retreated back towards support near $50.00. I am raising our stop loss up to $49.75. More aggressive traders may want to keep their stop below the rising 20-dma (currently near $49.42).

Earlier Comments:
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

08/19/13 new stop loss @ 49.75
08/08/13 traded on gap higher at $50.76. Trigger was $50.70



BEARISH Play Updates

Saia, Inc. - SAIA - close: 28.38 change: -0.13

Stop Loss: 30.25
Target(s): 25.25
Current Gain/Loss: - 0.5%

Entry on August 14 at $28.25
Listed on August 10, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 192 thousand
New Positions: see below

Comments:
08/19/13: SAIA produced a relatively quiet session with the stock struggling with the $28.70 level midday. Shares look poised to test the $28 level soon and likely breakdown to new relative lows.

current Position: short SAIA stock @ $28.25



CLOSED BULLISH PLAYS

FLIR Systems - FLIR - close: 31.96 change: -0.24

Stop Loss: 31.95
Target(s): 36.00
Current Gain/Loss: - 3.3%

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:
08/19/13: FLIR initially bounced off support near $32 this morning by shares faded lower this afternoon and eventually hit our stop loss at $31.95. If this profit taking continues the next level of support for FLIR looks like the $30 level.

closed Position: Long FLIR stock @ $33.05 exit $31.95 (-3.3%)

08/19/13 stopped out

chart: