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Call Updates

Amer. Intl Group - AIG - close: 55.50 chg: +0.41 stop: 53.95 

It was a lackluster day in the markets on Monday with the Dow's early strength fading. Shares of AIG, while out performing the Dow Industrials, followed a similar pattern. We see no change from our weekend update.

Picked on May 26 at $ 55.05
Change since picked: + 0.45
Earnings Date 02/09/05 (confirmed)
Average Daily Volume = 15.5 million 

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Caterpillar - CAT - close: 97.58 chg: +0.56 stop: 92.49 

CAT managed to hit a new relative high this morning at $99.05 but it was not enough to tag our target range of $99.25-100.00. We are not suggesting new plays. Instead we're suggesting that traders exit here for a profit or prepare to exit as CAT nears our target. 

Picked on May 18 at $ 92.35
Change since picked: + 5.23
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.8 million 

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Chubb Corp - CB - close: 84.37 change: -1.22 stop: 82.49

CB hit some profit taking today. We would watch for a bounce in the $83.50-84.00 region before considering new plays here. 

Picked on June 10 at $ 85.05 
Change since picked: - 0.68
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.2 million 

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Rockwell Collins - COL - close: 48.25 chg: -0.00 stop: 44.95

The early morning rebound in COL failed and the stock looks poised to trade lower. We're still waiting for the stock to decline towards our suggested entry point in the $46.50-45.75 range near the 100-dma. 

Picked on May xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/27/05 (confirmed)
Average Daily Volume = 800 thousand 

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Eagle Materials - EXP - close: 90.95 chg: +1.15 stop: 86.95

Monday was another decent session for EXP and the stock managed to bounce from the $90.00 level this morning and later this afternoon. Shares look poised to continue higher. Our target is the $97-99 range.

Picked on June 09 at $ 90.45
Change since picked: + 0.50
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 134 thousand 

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Occidental Petrol. - OXY - close: 75.82 chg: -0.19 stop: 71.95

We're a little surprised that today's rise in crude oil didn't push shares of OXY higher but we remain bullish and see no change from our weekend update. 

Picked on June 09 at $ 75.51
Change since picked: + 0.31
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 2.7 million 

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Teekay Shipping - TK - close: 44.10 chg: -0.46 stop: 42.45

No change from our previous update. We continue to wait for TK to breakout over resistance at the $45.00 level and its 100-dma. Our trigger to go long is at $45.05. 

Picked on June xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume = 681 thousand 

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Total S.A. - TOT - close: 114.92 chg: +1.23 stop: 110.95

Monday was a positive session for TOT with the stock clearing minor resistance at the $114.50 and $114.75 levels. We see no change from our previous weekend update.

Picked on June 09 at $114.00
Change since picked: + 0.92
Earnings Date 08/04/05 (unconfirmed)
Average Daily Volume = 857 thousand 

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United Technologies - UTX - cls: 52.72 chg: +0.25 stop: 102.45

UTX reaffirmed its earnings guidance on this first day of trading post 2-for-1 stock split. Shares rallied to $53.37 before fading lower. The inability to hold its gains over the $53 level might warrant some caution here. 

Picked on May 23 at $ 53.12
Change since picked: - 0.40
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.0 million 

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Wellpoint Inc - WLP - close: 68.50 chg: +0.70 stop: 64.90

No change from our previous update. WLP continues to trade within its range and above its short-term trend of higher lows. 

Picked on June 05 at $ 68.40
Change since picked: + 0.10
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 3.5 million 

Put Updates

ITT Industries - ITT - close: 94.82 chg: +0.37 stop: 96.01

Monday's bounce doesn't look good for the bears but so far ITT remains under resistance near the $96 level. We might draw some similarities between the DJIA's overhead resistance at 10,600 and ITT's at $96.00. A breakout for the Industrials will probably fuel a breakout in ITT. We would not suggest new plays at this time. 

Picked on June 08 at $ 93.85
Change since picked: + 0.97
Earnings Date 07/22/05 (unconfirmed)
Average Daily Volume = 581 thousand 

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MedcoHealth Sol. - MHS - close: 50.35 change: +0.60 stop: 52.21

No change from our previous weekend update. 

Picked on June 01 at $ 49.90
Change since picked: + 0.45
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 2.0 million 

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Whole Foods - WFMI - close: 114.30 chg: +0.76 stop: 118.51 

No change from our previous weekend update. 

Picked on June 08 at $117.40
Change since picked: - 3.10
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 859 thousand 

Dropped Calls

None

Dropped Puts

None

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