Portfolio Listing & Top Picks, Saturday, 05/02/2009 by James Brown Click here to email James

HAVING TROUBLE PRINTING?

Current Portfolio

Portfolio Comments:

The S&P 500 closed over resistance at the 875 level and looks poised to keep the rally alive. Keep an eye on technical resistance at the 200-dma for the NASDAQ and the 500 level on the Russell 2000. I would also be watching the SOX semiconductor index for a bullish breakout higher and the U.S. dollar to break support, which would lift commodities.

Currently we have seven stocks on our watch list.

CRS - Carpenter Technology, entry point: $17.00
DO - Diamond Offshore, entry point: $70.25
DRYS - DryShips Inc., entry point: $6.50
IRF - International Rectifier, entry point: $15.50
JOYG - Joy Global, entry point: $25.25
KBH - KB Home, entry point: $15.50
RIG - Transocean, entry point: $63.00

Disclaimer: At any given time the author may have positions in any or all of any companies mentioned in the Leaps Newsletter.

--Position Summary Table--
Table lists Directional CALL or PUT/LEAPS only.
Insurance puts, if applicable, are not shown.

Red symbol/name represents a dropped play this week.

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