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*Blue Plate Specials* - August 31

Daily picks, pans, and market notes from StockMarketCookBook.com:

Breaking Out: CRXX, DCTH, KFN, SAY
Breaking Down: ERES, FMX, ITUB
New Highs: APT, BONT, CLFD, DWA, EBIX, NANAO, PXLW, RODM, SPPI, SVA, VICL
New Lows: CFFN, ENER, NCTY
Speculative Leaders: CLFD, CRXX, CTFO
Low-priced leaders: GNW, NANO, RODM, SCLN
Profit taking?: SNIC
Bond Highs: Munis (MCA, MUE, MUC, MHN, PZA), Corporate (NYSEARCA:LQD)
Sector & Commodity Highs: Sov. Debt (NYSEARCA:PCY), Sugar (NYSEARCA:SGG)
Sectors Breaking Down: China (HAO, CAF, GXC), Hong Kong (NYSEARCA:EWH), Agribiz (NYSEARCA:MOO), Telecom (NYSEARCA:VOX)
Currencies breaking down: Mexican Peso (NYSEARCA:FXM)
M&A: DIS buying MVL for $30 cash + 0.745 DIS; BHI buying BJS for $2.69 cash + 0.4005 BHI
Market Notes: Bears winning the day; VIX back over 25; Summer rally ending?
Trading Tip:  Take advantage of increased volatility to write front-month covered calls

Disclosure:  No positions