Editor's Note:
Worries over Syria helped sink stocks on Tuesday. The U.S. market delivered widespread declines.

OCN was stopped out.


Current Portfolio:


BULLISH Play Updates

BlackBerry Limited - BBRY - close: 10.03 change: -0.39

Stop Loss: 9.95
Target(s): 12.40
Current Gain/Loss: - 4.0%

Entry on August 26 at $10.45
Listed on August 24, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 29.5 million
New Positions: see below

Comments:
08/27/13: BBRY's headline for the day was speculation that the company might spin off its messaging service into a subsidiary, called BBM Inc. This story failed to stop shares from suffering with the rest of the market's widespread decline. BBRY lost -3.74% to close on round-number support at $10.00. If there is any follow through lower tomorrow then we'll see BBRY hit our stop loss at $9.95.

current Position: long BBRY stock @ $10.45

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

Long 2014 Jan $12 call (BBRY1418a12) entry $0.94



Electronic Arts - EA - close: 26.99 change: -0.87

Stop Loss: 26.90
Target(s): 29.75
Current Gain/Loss: - 0.4%

Entry on August 20 at $27.10
Listed on August 17, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.2 million
New Positions: see below

Comments:
08/27/13: It was a rough day for EA with a -3.1% decline. The stock plunged toward support near $27.00 early on and spent the rest of the day trying to hold this level. The intraday low was $26.96. Our stop loss is at $26.90.

current Position: long EA stock @ $27.10

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

Long Sep $28 call (EA1321i28) $0.55

08/24/13 new stop loss @ 26.90



Halliburton Company - HAL - close: 48.13 change: -0.31

Stop Loss: 46.99
Target(s): 49.85
Current Gain/Loss: + 2.2%

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: see below

Comments:
08/27/13: Rising oil prices help buoy some of the energy names. Profit taking in HAL wasn't that bad with just a -0.6% decline versus -1.58% in the S&P 500. HAL should have short-term support at its 10-dma, currently near $47.45.

Earlier Comments:
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

08/24/13 new stop loss @ 46.99
08/22/13 new stop loss @ 46.40



J2 Global, Inc. - JCOM - close: 50.35 change: -1.15

Stop Loss: 49.40
Target(s): 57.50
Current Gain/Loss: - 1.3%

Entry on August 26 at $51.00
Listed on August 24, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 339 thousand
New Positions: see below

Comments:
08/27/13: JCOM erased yesterday's gains with a -2.2% decline. The stock should find support near the $50.00 mark or its recent lows in the $49.50-49.60 area. I would wait for a bounce before considering new positions.

Earlier Comments:
If JCOM resumes its up trend the stock should see some short covering. The most recent data listed short interest at 35% of the 41.6 million share float.

current Position: long JCOM stock @ $51.00



Constellation Brands Inc. - STZ - close: 55.69 change: -0.17

Stop Loss: 53.75
Target(s): 60.00
Current Gain/Loss: -0.6%

Entry on August 23 at $55.35
Listed on August 22, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
08/27/13: STZ gave back -1.23% on Tuesday. I've been suggesting a dip back toward $55.00 could be used as a new entry point. However, traders may want to wait and see if the S&P 500 opens up positive tomorrow or if it continues to sink before considering new bullish positions.

current Position: Long STZ stock @ $55.35

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

Long Oct $60 call (STZ1319j60) entry $0.70

08/24/13 new stop loss @ 53.75



Waste Connections - WCN - close: 43.28 change: -0.64

Stop Loss: 42.99
Target(s): 48.00
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 26, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 336 thousand
New Positions: Yes, see below

Comments:
08/27/13: WCN slipped -1.45% but the trend of higher lows remains intact for now. I don't see any changes from my earlier comments.

We are suggesting a trigger to open bullish positions at $44.25. If triggered our multi-week target is $48.00.

Trigger @ 44.25

Suggested Position: buy WCN stock @ (trigger)



BEARISH Play Updates

Darden Restaurants - DRI - close: 46.46 change: -0.47

Stop Loss: 48.25
Target(s): 44.25
Current Gain/Loss: +1.5%

Entry on August 26 at $47.16
Listed on August 24, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: see below

Comments:
08/27/13: The market weakness didn't have a big impact on DRI today. The stock's overall trend was already down and shares gave up another -1.0% on Tuesday.

current Position: short DRI stock @ $47.16

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

Long Oct $45 PUT (DRI1319v45) entry $0.90



Mellanox Technologies - MLNX - close: 38.10 change: -2.13

Stop Loss: 41.00
Target(s): 35.25
Current Gain/Loss: + 3.5%

Entry on August 21 at $39.50
Listed on August 20, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 713 thousand
New Positions: see below

Comments:
08/27/13: The stock market's decline had a much bigger influence on shares of MLNX. As an Israeli company, a -2% drop in the Israeli market didn't help MLNX either. Shares gapped down at the open and closed with a -5.29% loss on the session.

Earlier Comments:
I would keep position small because MLNX does have above average short interest at 15% of the 37.5 million share float. FYI: The Point & Figure chart for MLNX is bearish with a $27.00 target.

current Position: short MLNX stock @ $39.50

08/22/13 warning! MLNX has produced a one-day bullish reversal pattern



CLOSED BULLISH PLAYS

Ocwen Financial Corp - OCN - close: 49.80 change: -2.26

Stop Loss: 49.85
Target(s): 55.00
Current Gain/Loss: - 1.8%

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:
08/27/13: Ouch! OCN really underperformed today with a sharp reversal and a -4.3% decline. The stock has broken below the bottom of its rising channel and below recent support near the $50.00 mark. Our stop loss was hit at $49.85.

closed Position: Long OCN stock @ $50.76 exit $49.85 (-1.8%)

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

Sep $50 call (OCN1321i50) entry $2.70 exit $1.65 (-38.8%)

08/27/13 stopped out
08/24/13 new stop loss @ 49.85
08/19/13 new stop loss @ 49.75
08/08/13 traded on gap higher at $50.76. Trigger was $50.70

chart: