Editor's Note:
The U.S. market's major indices continue to set new highs. The market is starting to look short-term overbought.


Current Portfolio:


BULLISH Play Updates

Archer Daniels Midland - ADM - close: 34.40 change: +0.06

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:
05/08/13: Traders bought the dip in ADM this morning and the stock inked another 52-week high. Yet shares have not hit our suggested entry point at $34.50. If the market rally continues we could see ADM hit our entry point tomorrow.

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: 29.70 change: +0.41

Stop Loss: 27.25
Target(s): 32.50
Current Gain/Loss: +1.6%

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:
05/08/13: HIG continues to drift higher and posted a +1.39% gain today. The stock may have received a boost from positive press on CNBC today. CNBC is at the SALT conference in Las Vegas. In an interview with Brian Shapiro of SPAG, Mr. Shapiro said HIG was one of his best investment ideas.

I will remind readers that the $30.00 mark could prove to be round-number, psychological resistance. I would not be surprised to see a little pullback.

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: 34.73 change: -0.26

Stop Loss: 33.85
Target(s): 36.50
Current Gain/Loss: +2.6%

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:
05/08/13: KR did not receive any sort of bump from a rally in rival Whole Foods (WFM). The high-end grocery reported earnings and the stock soared +10% today with WFM hitting new all-time highs. Yet the move failed to lift shares of KR.

The trend in KR is still bullish with a positive trend of higher lows. 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



Loews Corp. - L - close: 45.78 change: +0.14

Stop Loss: 44.45
Target(s): 49.75
Current Gain/Loss: +0.6%

Entry on May 08 at $45.52
Listed on May 07, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
05/08/13: Today's session for shares of L is almost identical to yesterday's. Traders bought the spike down this morning and L slowly drifted higher. I don't see any changes from my prior comments.

Earlier Comments:
I am suggesting we keep our position size small. Our multi-week target is $49.50 and we may need to be patient. Shares of L don't usually move that fast. FYI: The Point & Figure chart for L is bullish with a $58 target.

*Small Positions*

current Position: Long L stock @ $45.52



Altria Group - MO - close: 36.52 change: +0.05

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:
05/08/13: Shares of MO must have been asleep today. The stock barely moved as MO hovered near the $36.50 level. It seems like MO's upward momentum may be slowing down. I am not suggesting new positions.

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: 34.83 change: -0.15

Stop Loss: 33.40
Target(s): 37.50
Current Gain/Loss: + 0.2%

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:
05/08/13: The rally in RSG appears to have temporarily stalled at the $35.00 level. Shares gave back -0.4% today. Nimble traders could look for a dip back toward the 10-dma near $34.25 as an alternative entry point.

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: 38.38 change: +0.46

Stop Loss: 35.90
Target(s): 40.00
Current Gain/Loss: + 1.7%

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:
05/08/13: It looks like the semiconductor sector is leading the charge higher for the bulls. The SMH outperformed the major indices with a +1.2% gain and a new multi-year high. I am not suggesting new positions at current levels.

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: 50.40 change: +0.37

Stop Loss: 47.90
Target(s): 52.00
Current Gain/Loss: + 5.5%

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:
05/08/13: The rally in TJX continues with a +0.7% gain and a breakout past round-number resistance at the $50.00 mark. The retail stocks could see some volatility tomorrow. Several major retailers will report their April same-store sales numbers tomorrow morning. According to an IBD article today analysts are expecting the retail sector as a group to see +3.5% year over year same-store sales growth in April. Yet analysts expect TJX to deliver +6.8% same-store sales growth. If TJX disappoints it could definitely spark some profit taking. 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.