Editor's Note:
The S&P 500 index continued to sink on Tuesday. Yet the small cap Russell 2000 index managed to post a gain and actually tagged a new high on an intraday basis.

PKI was stopped out. WLL & URBN have been triggered.


Current Portfolio:


BULLISH Play Updates

Avago Technologies - AVGO - close: 42.41 change: +0.54

Stop Loss: 39.85
Target(s): 44.50
Current Gain/Loss: + 5.4%

Entry on September 17 at $40.25
Listed on September 10, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 2.1 million
New Positions: see below

Comments:
09/24/13: AVGO continues to show relative strength and added +1.28% today. I am adjusting our stop loss higher to $39.85.

Earlier Comments:
FYI: The Point & Figure chart for AVGO is bullish with a long-term $56.00 target.

current Position: long AVGO stock @ $40.25

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

Long 2014 Jan $40 call (AVGO1418a40) entry $2.80

09/24/13 new stop loss @ 39.85
09/21/13 new stop loss @ 39.40



Freeport-McMoRan Copper & Gold - FCX - close: 33.74 change: -0.02

Stop Loss: 32.75
Target(s): 36.00
Current Gain/Loss: + 4.5%

Entry on September 11 at $32.30
Listed on September 09, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 11.5 million
New Positions: see below

Comments:
09/24/13: Gold, silver and copper were all weak this morning. Copper fell on concerns of lower demand from China. This impacted shares of FCX, which also gapped open lower. Yet traders bought the dip in FCX and the stock closed virtually unchanged.

I am suggesting traders remain defensive here. More conservative traders may want to just exit now to lock in gains.

current Position: Long FCX stock @ $32.30

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

Long 2014 Jan $35 call (FCX1418a35) entry $1.15

09/21/13 new stop loss @ 32.75
09/18/13 new stop loss @ 31.85



Goodyear Tire & Rubber Co. - GT - close: 22.82 change: +0.71

Stop Loss: 21.65
Target(s): 25.00
Current Gain/Loss: + 1.4%

Entry on September 19 at $22.50
Listed on September 18, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.2 million
New Positions: see below

Comments:
09/24/13: GT displayed impressive strength with a +3.2% gain. This is a new multi-year closing high for the stock. I am raising our stop loss up to $21.65.

current Position: long GT stock @ $22.50

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

Long 2014 Jan $23 call (GT1418a23) entry $1.63

09/24/13 new stop loss @ 21.65



NVIDIA - NVDA - close: 15.70 change: +0.06

Stop Loss: 15.45
Target(s): 16.90
Current Gain/Loss: + 0.6%

Entry on September 11 at $15.60
Listed on September 10, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.4 million
New Positions: see below

Comments:
09/24/13: NVDA is still hovering between short-term support near $15.50 and short-term resistance at its 10-dma. I am not suggesting new positions at this time.

Earlier Comments:
Our plan was to use small positions to limit our risk.
FYI: The Point & Figure chart for NVDA is bullish with a long-term $23.00 target.

current Position: long NVDA stock @ $15.60

09/21/13 new stop loss @ $15.45



Omnicell, Inc. - OMCL - close: 24.98 change: +0.13

Stop Loss: 23.90
Target(s): 29.00
Current Gain/Loss: unopened

Entry on September -- at $--.--
Listed on September 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 235 thousand
New Positions: Yes, see below

Comments:
09/24/13: OMCL is trying hard to breakout past round-number resistance at $25.00. The stock almost did it today and hit $25.09 intraday before paring its gains. There is no change from my prior comments.

Earlier Comments:
I am suggesting a trigger to launch small bullish positions at $25.15. If triggered our multi-week target is $29.00.

Trigger @ 25.15 *small positions*

Suggested Position: buy OMCL stock @ (trigger)



Primoris Services - PRIM - close: 25.51 change: -0.20

Stop Loss: 24.20
Target(s): 28.50
Current Gain/Loss: + 0.0%

Entry on September 23 at $25.50
Listed on September 21, 2013
Time Frame: exit PRIOR to earnings in early November
Average Daily Volume = 222 thousand
New Positions: see below

Comments:
09/24/13: After yesterday's strong move higher PRIM saw a little profit taking today. If you missed our entry point consider waiting for a dip back toward the $25.50-25.00 zone. We're expecting the $25.00 level to offer short-term support.

FYI: PRIM should begin trading ex-dividend on September 26th, 2013. The cash dividend should be 3.5 cents.

current Position: Long PRIM stock @ $25.50



Toro Co. - TTC - close: 55.20 change: +0.95

Stop Loss: 53.75
Target(s): 59.50
Current Gain/Loss: + 0.0%

Entry on September 16 at $55.20
Listed on September 14, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 235 thousand
New Positions: see below

Comments:
09/24/13: TTC surged to a +1.75% gain on Tuesday but the rally stalled near its recent highs. Shares are due to begin trading ex-dividend on September 26th. The quarterly cash dividend should be 14 cents.

I would wait for a close above $55.50 before considering new bullish positions.

current Position: long TTC stock @ $55.20

09/21/13 new stop loss @ 53.75
09/16/13 trade opened on gap higher at $55.20
suggested trigger was $55.15



Whiting Petroleum - WLL - close: 57.72 change: +1.48

Stop Loss: 54.75
Target(s): 62.00
Current Gain/Loss: +1.7%

Entry on September 24 at $56.75
Listed on September 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: see below

Comments:
09/24/13: Our new play on WLL is off to a strong start. Shares outperformed the broader market with a +2.6% gain. This is a new 18-month high. Our trigger to open bullish positions was hit at $56.75.

Earlier Comments:
Our multi-week target is $62.00, although we may have to adjust that. It is possible that the $60.00 level could prove to be round-number, psychological resistance.

current Position: Long WLL stock @ $56.75

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

Long 2014 Jan $60 call (WLL1418a60) entry $2.80*

*option entry price is an estimate since the option did not trade at the time our play was opened.



Yahoo! Inc. - YHOO - close: 31.27 change: +1.01

Stop Loss: 29.75
Target(s): 34.75
Current Gain/Loss: + 2.2%

Entry on September 19 at $30.60
Listed on September 18, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 13.3 million
New Positions: see below

Comments:
09/24/13: Traders were in a buy-the-dip mood this morning and YHOO soared past the recent highs and closed up +3.3% on double the normal volume. This is a new multi-year high for the stock.

Earlier Comments:
Our plan was to keep our position size small to limit our risk.

*small positions*

current Position: Long YHOO stock @ $30.60

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

Long 2014 Jan $32 call (YHOO1418a32) entry $1.70*

09/21/13 new stop loss @ $29.75
*option entry price is an estimate since the option did not trade at the time our play was opened.



BEARISH Play Updates

Axiall Corp. - AXLL - close: 37.58 change: -0.50

Stop Loss: 40.15
Target(s): 35.25
Current Gain/Loss: +3.0%

Entry on September 18 at $38.75
Listed on September 17, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
09/24/13: So far so good. Shares of AXLL continue to sink and hit new lows for the year today with a -1.3% decline.

Earlier Comments:
Our target is $35.25. More aggressive traders may want to aim lower since the P&F chart is bearish with a quadruple-bottom breakdown sell signal and a $29.00 target.

FYI: AXLL is due to begin trading ex-dividend on September 25th. The quarterly cash dividend should be 16 cents.

current Position: short AXLL stock @ $38.75

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

Long Oct $40 PUT (AXLL1319v40) entry $2.20*

09/23/13 new stop loss @ 40.15
*option entry price is an estimate since the option did not trade at the time our play was opened.



Urban Outfitters - URBN - close: 37.29 change: -0.14

Stop Loss: 38.60
Target(s): 34.50
Current Gain/Loss: - 0.1%

Entry on September 24 at $37.25
Listed on September 19, 2013
Time Frame: 3 to 4 weeks
Average Daily Volume = 2.8 million
New Positions: see below

Comments:
09/24/13: Our URBN trade has opened. The stock broke down to new relative lows and slipped to $37.07 before paring its losses. Our trigger to launch bearish positions was hit at $37.25.

Earlier Comments:
Our target is the November 2012 lows near $34.50. FYI: The Point & Figure chart has produced a sell signal and is forecasting at $31.00 target.

current Position: short URBN stock @ $37.25

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

Long Oct $38 PUT (URBN1319v38) entry $1.45



CLOSED BULLISH PLAYS

PerkinElmer Inc. - PKI - close: 37.82 change: -0.04

Stop Loss: 37.60
Target(s): 42.50
Current Gain/Loss: - 1.4%

Entry on September 16 at $38.15
Listed on September 12, 2013
Time Frame: 6 to 9 weeks
Average Daily Volume = 784 thousand
New Positions: see below

Comments:
09/24/13: PKI displayed weakness this morning. The stock gapped open lower and dipped to $37.59 before bouncing. Our stop loss was hit at $37.60.

Traders may want to keep PKI on their watch list for a correction toward the $36.00 level, which should be significant support.

closed Position: Long PKI stock @ $38.15 exit $37.60 (-1.4%)

09/24/13 stopped out
09/21/13 new stop loss @ 37.60

chart: