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Call Updates

AmerisourceBergen - ABC - close: 67.21 change: +0.03 stop: 63.85

No change from our previous update on 06/14/05. Today's intraday bounce is helping the MACD creep closer to a new buy signal. 

Picked on June 13 at $ 65.57
Change since picked: + 1.64
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume = 1.3 million 

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Amer. Intl Group - AIG - close: 55.41 chg: -0.16 stop: 53.95 

No change from our previous update on 06/14/05. We're still suggesting that readers wait for AIG to trade over the $56.00 level before considering new bullish positions. 

Picked on May 26 at $ 55.05
Change since picked: + 0.36
Earnings Date 02/09/05 (confirmed)
Average Daily Volume = 15.5 million 

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Ashland Inc - ASH - close: 69.62 chg: +0.26 stop: 66.99

No change from our previous update on 06/14/05. We're suggesting that readers use a trigger over resistance at $70.05 to open the play. 

Picked on June xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.1 million 

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Caterpillar - CAT - close: 98.58 chg: +0.01 stop: 92.49 

No change here. CAT continues to show strength and is very close to our target in the $99.25-100.00 range. We are preparing to exit and suggest readers do the same. We strongly suggest that more conservative players exit now to avoid any surprises should the DJIA suddenly reverse course under resistance at the 10,600 level. 

Picked on May 18 at $ 92.35
Change since picked: + 6.23
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.8 million 

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Chubb Corp - CB - close: 84.87 change: +0.75 stop: 82.49

No change from our previous update.

Picked on June 10 at $ 85.05 
Change since picked: - 0.18
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.2 million 

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Rockwell Collins - COL - close: 48.03 chg: +0.13 stop: 44.95

No change from our previous update. We are suggesting that readers buy a bounce near the 100-dma. Our suggested entry range is $46.75-46.00.

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: 93.71 chg: +1.02 stop: 86.95

EXP continues to show lots of strength with another gain and another new high. 

Picked on June 09 at $ 90.45
Change since picked: + 3.26
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 134 thousand 

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Netease.com - NTES - close: 56.01 chg: -0.04 stop: 53.95

No change from our previous update on 06/14/05.

Picked on June 13 at $ 57.29
Change since picked: - 1.33
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 752 thousand 

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Occidental Petrol. - OXY - close: 78.34 chg: +1.61 stop: 71.95

OXY has been downgraded to a "hold" on valuation concerns but that didn't stop the stock from surging to another new high. Our target is the $78.75-80.50 range. 

Picked on June 09 at $ 75.51
Change since picked: + 2.83
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 2.7 million 

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Pulte Homes - PHM - close: 81.16 chg: +1.81 stop: 75.95

It was a strong day for the home builders as the DJUSHB index broke out over resistance at the 950 level with today's 2.1 percent gain. PHM paced the move with a 2.2 percent gain and a breakout over resistance at the $80.00 level. Our entry point to go long/buy calls was at $80.25 so the play is now open. Our short-term target is the $84.75-85.00 range. 

Picked on June 15 at $ 80.25
Change since picked: + 0.91
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.7 million 

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Teekay Shipping - TK - close: 43.39 chg: -0.51 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. If TK continues to decline we'll probably drop TK as a candidate fairly soon.

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: 115.37 chg: +0.06 stop: 110.95

No change from our previous update. Our target is the $119.50-120.00 range. 

Picked on June 09 at $114.00
Change since picked: + 1.47
Earnings Date 08/04/05 (unconfirmed)
Average Daily Volume = 857 thousand 

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United Technologies - UTX - cls: 52.36 chg: -0.58 stop: 51.25

UTX's relative weakness during today's market rally is not a good sign. The stock pulled back toward support near the $52.00 level before producing a meager bounce this afternoon. We would certainly turn cautious here. 

Picked on May 23 at $ 53.12
Change since picked: - 0.76
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 4.0 million 

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Wellpoint Inc - WLP - close: 69.20 chg: -0.58 stop: 64.90

No change from our previous update.

Picked on June 05 at $ 68.40
Change since picked: + 0.80 
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 3.5 million

Put Updates

ITT Industries - ITT - close: 94.81 chg: +0.31 stop: 96.01

No change from our previous update on 06/14/05. 

Picked on June 08 at $ 93.85
Change since picked: + 0.96
Earnings Date 07/22/05 (unconfirmed)
Average Daily Volume = 581 thousand 

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MedcoHealth Sol. - MHS - close: 51.95 change: +0.79 stop: 52.21

Uh-oh! It's time to go to red alert. MHS has continued to rebound and today's 1.5 percent gain put the stock above its simple 50-dma. Shares are still under the $52.00 level but if they don't reverse tomorrow morning then odds are we'll be stopped out pretty soon. 

Picked on June 01 at $ 49.90
Change since picked: + 2.05
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 2.0 million 

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Quality Systems - QSII - cls: 48.86 chg: -0.53 stop: 51.51

Ding! The play is now open. QSII hit our trigger at $47.75 this afternoon. Today's decline has produced a new P&F chart sell signal that points to a $39.00 target. The stock remains volatile and it could rebound before turning lower. Traders may want to open positions carefully. Our stop loss might be a little too tight. More aggressive players may want to consider a wider stop.

Picked on June 15 at $ 47.75
Change since picked: + 1.11
Earnings Date 06/13/05 (confirmed)
Average Daily Volume = 330 thousand 

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Semiconductor Holders - SMH - cls: 34.25 chg: +0.07 stop: 35.05

Ding! Our bearish SMH play is now open. The HOLDR opened higher and then promptly fell through the $34.00 level before the afternoon rebound pull the SMH higher again. While bearish indicators look stronger with today's new relative low we are concerned. It may prove to be a bear trap since today's candlestick has produced a "hammer" pattern. We would not suggest new bearish positions until SMH trades back below the $34.00 level. 

Picked on June 15 at $ 33.95
Change since picked: + 0.30
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume = 26.3 million 

Dropped Calls

None

Dropped Puts

None

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