AHP - American Home Products Inc. $63.50 -1.00 (+0.44)

Broad Market Rally, what broad market rally? On a day when the major averages were soaring and advancing issues were trouncing declining issues, American Home Products chose to sit this round out; the company's stock finished the day down a dollar on lower than normal volume of 2.5 million shares. This week AHP has been mentioned in both good and bad circumstances. The good news was concerning one of its drugs, ENBREL, which is used to treat Rheumatoid Arthritis. AHP released information from the first two-year study regarding the effectiveness of the drug. The survey showed that 70% of patients who were treated with the drug showed no progression in their joint erosion over that two-year period. This seemingly good news received little if any positive reaction in the stock. The bad news was the passing of long-time science and technology director, Dr. Robert Levy. As for AHP's stock, it tested intra-day support at the 5-dma of $62.25 before making a modest recover attempt at the close. Looking at the chart of AHP, we now see support at the 5-dma of $63.80 and then the aforementioned 10-dma at $62.25. Overhead resistance is at $64.00 and the recent high of $65.25. If you are eyeing this play for entry points, you might consider these intra-day bounces off support levels if they are accompanied with increasing volume (3.2 million shares or greater). We will keep our stop loss at $59.25 for now. Please visits our IN PLAY section for changes to our stop orders.

Picked on October 26th @ $63.50 Change since picked 0.00

IGT - International Game Technology $36.63 -0.50 (-1.06)

Slot machine designer, International Game Technology is loosing momentum. On Tuesday, shares of IGT traded lower, closing on its intra-day low of $36.63 on light volume. The stock has now fallen below its 5- and 10-dma, so IGT could test support at the 20-dma (currently, $35.60) in the near future. We are now just five sessions away from the Company's earnings announcement on November 7, so there is not much time left on this play. In the meantime, IGT has support at the October 19 intra-day low of $36.25, with additional support at the 20-dma. There is resistance at Tuesday's intra-day high of $37.50 and then $38.56, the 52-week high. We are looking for a bounce off of $36.25 or a move above $37.50 on midday volume greater than 350,000 shares before we start new plays. Our stops remain steady at $35.50 to protect profits.

Picked on October 10th @ $34.88 Change since picked +1.75

MO - Philip Morris Cos. $36.63 -1.31 (-0.06)

Consumer products conglomerate Philip Morris hit a new 52-week high of $38.63 on Monday after positive comments about the consumer staples sector from Merrill Lynch. Shares of MO suffered from a bit of profit-taking on Tuesday. The stock closed on its intra-day low of $36.63 on light volume. Fortunately, MO closed above its 5-dma, which has been support for the rally since October 18. For now, MO has support at the 10-dma of $35.19, with stronger support at the 20-dma of $33.13. Resistance has moved up to Tuesday's intra-day high of $37.88 and then the 52-week high of $38.63. We plan to open new positions on a bounce off of $35.19 or a move above $37.88 on volume of at least 3.8 million shares by midday. Our stop-loss remains at $33 to limit losses.

Picked on October 26th @ $36.00 Change since picked +0.63

SBC - SBC Communications, Inc. $57.69 -0.44 (+1.38)

SBC Communications continued higher on Tuesday hitting yet another new high. The trading volume confirmed the sincerity of the advance, with more than 12 million shares changing hands. However, by the closing bell SBC finished down a hair at $57.69. SBC has released a bevy of news this week, including the news that the Japanese are looking to expand their wireless presence in the world. Japan's largest mobile phone carrier, NTT DoCoMo Inc, is in talks with SBC Communications and BellSouth Corporation (BLS) to break into the US Market. Currently, the stock has support at the 5-dma of $57.00, followed by the 10-dma of $54.50. The new resistance level is Tuesday's intra-day high of $59.00. If you are pondering a new play on SBC, consider watching for a continuation of Tuesday's rally in the broad markets. Use support and resistance levels for entry and exit points along with stop loss orders. We will keep our stop loss at $52.00 until further notice. You may wish to visit our IN PLAY section to view all of our stop orders on our plays.

Picked on October 29th @ $56.31 Change since picked +1.38

TXN - Texas Instruments $49.06 +2.38 (+4.37)

One of the technology sectors that survived yesterday's mutual fund profit taking was the semiconductor sector, and Texas Instruments was clearly a favorite among the semis. TXN is one of the largest semiconductor companies, and it only trades with a P/E of 28.86, making it a favorite of value players. The company has been hurt recently because it is the largest provider of chips to the wireless communications industry, which is another group that has run into well-publicized problems. However, business is growing and TXN is too important to be ignored during any meaningful of rally. The two-day bounce has been appreciated, but one thing that concerns us is the anemic volume. Today's move was only done at roughly 65% average daily volume. However, longer-term the OBV and Money Flow both seem to have bottomed and are slowly creeping higher. Short-term support should be found at yesterday's high, and we will set our new stop just below at $47.00. TXN has already reported earnings for the third quarter and a split seems unlikely at these prices. Therefore, we will most likely exit this position by utilizing our stop. Our next trailing stop suggestion can be found in our In Play section.

Picked on October 29th @ $44.69 Change since picked +4.37