Editor's Note:
The major U.S. stock indices continue to push higher. The Dow Industrials closed above 15,000 for the first time.

Our RSG trade has been triggered.


Current Portfolio:


BULLISH Play Updates

Archer Daniels Midland - ADM - close: 34.34 change: +0.46

Stop Loss: 33.25
Target(s): 37.50
Current Gain/Loss: unopened

Entry on May -- at $--.--
Listed on May 04, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.7 million
New Positions: Yes, see below

Comments:
05/07/13: ADM is still drifting higher and hit a new 52-week high with today's +1.3% gain. Yet shares have not hit our suggested entry point at $34.50.

I am suggesting a trigger to launch bullish positions at $34.50. If triggered our multi-week target is $37.50. The 2011 highs are near $38.00.

Trigger @ 34.50

Suggested Position: buy ADM stock @ (trigger)

- (or for more adventurous traders, try this option) -

buy the Sep $35 call (ADM1321i35)



The Hartford Financial Serv. Group - HIG - close: 29.29 change: +0.26

Stop Loss: 27.25
Target(s): 32.50
Current Gain/Loss: +0.2%

Entry on May 07 at $29.23
Listed on May 06, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 7.3 million
New Positions: see below

Comments:
05/07/13: HIG set a new 52-week closing high today but most of the gain was from the gap open this morning. I don't see any changes from my prior comments.

Earlier Comments:
I do think patient traders will probably be able to buy HIG on a dip at $28.50 soon so consider waiting for the dip as HIG fills the gap from Friday morning. The early 2011 high near $31.00 could be potential resistance but we're aiming higher. Keep in mind this is a multi-week trade so we'll need patience for the trend to play out for us. I would start this trade with small positions to limit our risk.

current Position: Long HIG stock @ $29.23

05/07/13 trade opened on gap open higher at $29.23



The Kroger Co. - KR - close: 34.99 change: +0.49

Stop Loss: 33.85
Target(s): 36.50
Current Gain/Loss: +3.4%

Entry on April 19 at $33.85
Listed on April 18, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.2 million
New Positions: see below

Comments:
05/07/13: KR continues to show relative strength with a +1.4% gain. Today's rally helped ease any concerns about a potential bearish double top but $35.25 remains short-term resistance. I am not suggesting new positions.

Earlier Comments:
Shares of KR are now hitting new 13-year highs. We should take note of its old highs. The closing high was $34.16 and the intraday high was $34.91 from March 1999. These levels could be potential overhead resistance. Yet it was so long ago they may not matter anymore. If you're worried about KR seeing resistance at these levels then you may want to wait for KR to close above these levels before initiating positions.

FYI: KR should begin trading ex-dividend on May 13th, 2013. The quarterly dividend should be 15 cents.

current Position: buy KR stock @ $33.85

05/04/13 new stop loss @ 33.85
05/01/13 new stop loss @ 33.15
04/25/13 new stop loss @ 32.90



Altria Group - MO - close: 36.47 change: +0.39

Stop Loss: 35.95
Target(s): 40.00
Current Gain/Loss: - 0.1%

Entry on April 29 at $36.50
Listed on April 27, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.6 million
New Positions: see below

Comments:
05/07/13: Investors bought the dip in MO near $36.00. I am cautiously bullish here and we're raising the stop loss to $35.95.

Earlier Comments:
Our target is $40.00 but keep in mind that MO does not move very fast. This could be a multi-week trade.

current Position: Long MO stock @ $36.50

- (or for more adventurous traders, try this option) -

Long Jun $35 call (MO1322F35) entry $1.80

05/07/13 new stop loss @ 35.95



Republic Services - RSG - close: 34.98 change: +0.31

Stop Loss: 33.40
Target(s): 37.50
Current Gain/Loss: + 0.7%

Entry on May 07 at $34.75
Listed on May 04, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 1.7 million
New Positions: see below

Comments:
05/07/13: RSG is extending its gains to six days in a row. Our trigger to open bullish positions has been $34.75. The stock gapped open at $34.75.

Earlier Comments:
I am suggesting a trigger to launch small bullish positions at $34.75. However, more conservative investors may want to wait for a close above $35.00 as an alternative entry point. It looks like the $35.00 region was resistance back in 2007 and 2008. I am suggesting we keep our position size small to limit our risk.

*Small Positions*

current Position: Long RSG stock @ $34.75

05/07/13 triggered at $34.75



Semiconductor ETF - SMH - close: 37.92 change: +0.08

Stop Loss: 35.90
Target(s): 40.00
Current Gain/Loss: + 0.5%

Entry on May 03 at $37.75
Listed on May 02, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 2.6 million
New Positions: see below

Comments:
05/07/13: The SMH eked out another gain but it looks like the $38 level has become new short-term resistance. I would not be surprised to see a pullback here. Readers might want to wait for a dip before initiating new positions.

Earlier Comments:
Our short-term target is $40.00 although traders could aim for the 2007 high near $41.40 instead. FYI: The Point & Figure chart for SMH is bullish with a $44.00 target.

I am listing our stop loss at $35.90 but more conservative traders may want to use a higher stop.

current Position: Long SMH @ $37.75

05/03/13 triggered on gap open at $37.75, trigger was $37.55



The TJX Companies - TJX - close: 50.03 change: +0.74

Stop Loss: 47.90
Target(s): 52.00
Current Gain/Loss: + 4.8%

Entry on April 09 at $47.75
Listed on April 08, 2013
Time Frame: exit PRIOR to earnings on May 21
Average Daily Volume = 4.7 million
New Positions: see below

Comments:
05/07/13: TJX was downgraded this morning before the open. Yet that didn't stop shares from outperforming the market with a +1.5% gain. The stock has rallied to potential round-number resistance at $50.00. More conservative investors may want to take profits now. Our exit target is still $52.00. I am not suggesting new positions.

Earlier Comments:
Our target is $52.00. However, there is a risk that the $50.00 mark could be round-number resistance.

current Position: Long TJX stock @ $47.75

05/06/13 new stop loss @ 47.90
05/02/13 new stop loss @ 47.40
04/18/13 today's decline is bad news. TJX looks ready to hit our stop at $46.45 soon.



BEARISH Play Updates


None. We do not have any active bearish trades.