Editor's Note:
It was another down day for U.S. stocks but the small cap Russell 2000 index flirted with a new high.

OMCL and STX were both triggered today.


Current Portfolio:


BULLISH Play Updates

Avago Technologies - AVGO - close: 42.21 change: -0.20

Stop Loss: 39.85
Target(s): 44.50
Current Gain/Loss: + 4.9%

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:
09/25/13: Traders bought the dip in AVGO again this morning but shares failed to bounce back into the green. I am not suggesting new positions at this time.

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: 33.83 change: +0.09

Stop Loss: 32.75
Target(s): 36.00
Current Gain/Loss: + 4.7%

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:
09/25/13: Copper and gold prices both bounced today following yesterday's declines. That helped FCX rebound although gains were limited.

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: 22.98 change: +0.16

Stop Loss: 21.65
Target(s): 25.00
Current Gain/Loss: + 2.1%

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:
09/25/13: GT briefly traded to a new one-year high above $23.00 before paring its gains. The stock did outperform the broader market with a +0.7% move.

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: 15.73 change: +0.03

Stop Loss: 15.45
Target(s): 16.90
Current Gain/Loss: + 0.8%

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:
09/25/13: I continue to urge caution on our NVDA trade. Shares did outperform the market today but gains were very, very small. The rebound failed near potential new short-term resistance in the $15.80-15.85 area. I suspect that we'll see NVDA drop toward $15.50 soon. 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: 25.03 change: +0.05

Stop Loss: 23.90
Target(s): 29.00
Current Gain/Loss: - 0.5%

Entry on September 25 at $25.15
Listed on September 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 235 thousand
New Positions: see below

Comments:
09/25/13: OMCL continues to push higher and hit our suggested entry point at $25.15 today. Remember, we want to keep our position size small to limit our risk.

*small positions*

current Position: Long OMCL stock @ $25.15



Primoris Services - PRIM - close: 25.45 change: -0.06

Stop Loss: 24.20
Target(s): 28.50
Current Gain/Loss: - 0.2%

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:
09/25/13: Wednesday was another quiet session for PRIM. I suspect that we will see PRIM retest the $25.00 level as support soon if the broader market continues to sink.

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



Seagate Technology - STX - close: 43.87 change: +2.07

Stop Loss: 39.95
Target(s): 47.00
Current Gain/Loss: +3.8%

Entry on September 25 at $42.25
Listed on September 24, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.5 million
New Positions: see below

Comments:
09/25/13: Our new play on STX is off to a strong start. Bullish analyst comments this morning helped boost STX past resistance near $42.00 and its 100-dma. Shares ended the session with a +4.95% gain. Our entry trigger was hit at $42.25 this morning.

FYI: The top and bottom of the mid July gap down (top = $45.31, bottom = $43.42) could prove to be short-term resistance.

current Position: Long STX stock @ $42.25

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

Long 2014 Jan $45 call (STX1418a45) entry $1.71



Toro Co. - TTC - close: 54.55 change: -0.65

Stop Loss: 53.75
Target(s): 59.50
Current Gain/Loss: - 1.2%

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:
09/25/13: TTC did not see any follow through on yesterday's big bounce. The stock gave back -1.1% today. I am not suggesting new positions at this time.

Shares are due to begin trading ex-dividend on September 26th. The quarterly cash dividend should be 14 cents.

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: 58.86 change: +1.14

Stop Loss: 54.75
Target(s): 62.00
Current Gain/Loss: +3.7%

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:
09/25/13: The relative strength in WLL continues with a +1.9% gain today. This is a new high for the year. Readers may want to start adjusting their stop loss higher.

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: 31.34 change: +0.07

Stop Loss: 29.75
Target(s): 34.75
Current Gain/Loss: + 2.4%

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:
09/25/13: YHOO keeps the rally alive with a small gain today. The big news in the Internet world today was headlines that Alibaba might choose to IPO in the U.S. instead of Hong Kong. YHOO owns a significant stake (24%) in the Chinese Internet company Alibaba.

On a short-term basis YHOO looks overbought and likely to dip back toward its simple 10-dma near $30.40.

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: 37.83 change: +0.41

Stop Loss: 40.15
Target(s): 35.25
Current Gain/Loss: +2.4%

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:
09/25/13: Hmm... did AXLL just bottom? The stock spiked down to $36.31 and then bounced right back. The move almost looks like a one-day bullish reversal pattern. I am not suggesting new positions. More conservative traders may want to adjust their stops closer to the simple 10-dma (currently near $39.15).

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: 36.94 change: -0.35

Stop Loss: 38.60
Target(s): 34.50
Current Gain/Loss: + 0.8%

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:
09/25/13: URBN continues to sink as investors worry about the health of the consumer.

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