Week of Sept 20, 2009: In-play stocks watchlist

Out of this week's 10 candidates, I've only been able to identify 4 that are presenting playable setups. Christopher & Banks Corp. go long above \$8.10. Stop at \$7.70. Target \$9.00. [caption id="attachment_1815" align="aligncenter" width="500" caption="Christopher & Banks Corp. (CBK)"][Christopher & Banks Corp.
(CBK)][][/caption] GigaMedia Ltd. go short below \$5.19. Stop at \$5.40. Target \$4.50. [caption id="attachment_1816" align="aligncenter" width="500" caption="GigaMedia Ltd. (GIGM)"][GigaMedia Ltd. (GIGM)][][/caption] Sutor Technology Group, Ltd. long above \$4.05. Stop \$3.80. 50% Target \$4.30. [caption id="attachment_1817" align="aligncenter" width="500" caption="Sutor Technology Group, Ltd. (SUTR)"][Sutor Technology Group,
Ltd. (SUTR)][][/caption] Zale Corporation long above \$7.85. Stop \$7.00. Target: \$12. This one is an intermediate term play (in days) with a wider range. [caption id="attachment_1818" align="aligncenter" width="500" caption="Zale Corporation (ZLC) daily chart"][Zale
Corporation (ZLC) daily chart][][/caption]

[Christopher & Banks Corp. (CBK)]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-cbk.png [GigaMedia Ltd. (GIGM)]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-gigm.png [Sutor Technology Group, Ltd. (SUTR)]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-sutr.png [Zale Corporation (ZLC) daily chart]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-zlc_long.png

Week of Sept 13, 2009: In-play stocks breakout results

Last week, I identified 5 stocks with earnings release scheduled for the week and with obvious setups for a breakout. They are AIR, APOG, CKR, DBRN, and MLHR. Of which, AIR, APOG, and CKR have inched up steadily. DBRN's up trend was very choppy. And MLHR was way too much into a move already for me to enter. So of the 5, 3 would have been profitable, 1 stopped out, and 1 passed.

Apogee Enterprises Inc. (APOG) in particular is worth a note because it literally went vertical. However, I probably would have exited when it touched the \$15 resistance.

I believe the key to this week's good results is that the overall market is very bullish, at least in terms of the public's sentiment. S&P 500 made a marginally new high above 1070 without any retracement yet.

Thus, the moral of the story here seems to be just go along with the market trend regardless of any rationality.

[caption id="attachment_1807" align="aligncenter" width="500" caption="AAR Corp. (AIR)"][AAR Corp. (AIR)][][/caption]

[caption id="attachment_1808" align="aligncenter" width="500" caption="Apogee Enterprises Inc. (APOG)"][Apogee Enterprises Inc.
(APOG)][][/caption]

[caption id="attachment_1809" align="aligncenter" width="500" caption="CKE Restaurants Inc. (CKR)"][CKE Restaurants Inc.
(CKR)][][/caption]

[caption id="attachment_1810" align="aligncenter" width="500" caption="Dress Barn Inc. (DBRN)"][Dress Barn Inc.
(DBRN)][][/caption]

[caption id="attachment_1811" align="aligncenter" width="500" caption="Herman Miller Inc (MLHR)"][Herman Miller Inc
(MLHR)][][/caption]

[AAR Corp. (AIR)]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-air.png [Apogee Enterprises Inc. (APOG)]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-apog.png [CKE Restaurants Inc. (CKR)]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-ckr.png [Dress Barn Inc. (DBRN)]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-dbrn.png [Herman Miller Inc (MLHR)]: http://traderpau.files.wordpress.com/2009/09/2009-09-20-mlhr.png

More inplay stocks with easily identifierable setups for next week

[caption id="attachment_1771" align="aligncenter" width="500" caption="AAR Corp. (AIR)"][AAR Corp. (AIR)][][/caption]

[caption id="attachment_1772" align="aligncenter" width="500" caption="Apogee Enterprises Inc. (APOG)"][Apogee Enterprises Inc.
(APOG)][][/caption]

[caption id="attachment_1773" align="aligncenter" width="500" caption="CKE Restaurants Inc. (CKR)"][CKE Restaurants Inc.
(CKR)][][/caption]

[caption id="attachment_1774" align="aligncenter" width="500" caption="Dress Barn Inc. (DBRN)"][Dress Barn Inc.
(DBRN)][][/caption]

[caption id="attachment_1775" align="aligncenter" width="500" caption="Herman Miller Inc (MLHR)"][Herman Miller Inc
(MLHR)][][/caption]

[AAR Corp. (AIR)]: http://traderpau.files.wordpress.com/2009/09/2009-09-12-air_prop.png [Apogee Enterprises Inc. (APOG)]: http://traderpau.files.wordpress.com/2009/09/2009-09-12-apog_prop.png [CKE Restaurants Inc. (CKR)]: http://traderpau.files.wordpress.com/2009/09/2009-09-12-ckr_prop.png [Dress Barn Inc. (DBRN)]: http://traderpau.files.wordpress.com/2009/09/2009-09-12-dbrn_prop.png [Herman Miller Inc (MLHR)]: http://traderpau.files.wordpress.com/2009/09/2009-09-12-mlhr_prop.png