Editor's Note:
The stock market drifted lower on Friday as Wall Street starts to worry about a government shutdown.

I have updated some stop losses tonight. Plus, we want to exit our YHOO calls at the open on Monday.


Current Portfolio:


BULLISH Play Updates

Avago Technologies - AVGO - close: 42.70 change: +0.43

Stop Loss: 40.85
Target(s): 44.50
Current Gain/Loss: + 6.1%

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:
09/28/13: The rally continues for AVGO. After a week of consolidating sideways and digesting its gains the stock displayed relative strength on Friday with a +1.0% rise. This is a new all-time closing high for AVGO.

I am adjusting our stop loss to $40.85. More aggressive traders may want to leave their stop below $40.00 since $40 should be support. I am not suggesting new positions at this time.

FYI: The bid on our call option has hit $4.20 (+50.0%).

Earlier Comments:
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

09/28/13 new stop loss @ 40.85
09/24/13 new stop loss @ 39.85
09/21/13 new stop loss @ 39.40

chart:



Freeport-McMoRan Copper & Gold - FCX - close: 33.42 change: -0.45

Stop Loss: 32.75
Target(s): 36.00
Current Gain/Loss: + 3.5%

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:
09/28/13: Peru suffered a large earthquake off its southern coast on Thursday but there didn't seem to be any impact on FCX's mining operations. Meanwhile back in the U.S. the dollar continued to sink and that give gold and copper prices a mild boost on Friday. This gain in the metals did not translate into gains for FCX.

I do want to caution investors to keep an eye on the dollar. It looks like it's nearing support and could bounce. If the dollar rises it could put pressure on metal prices and FCX may react negatively.

Friday did see FCX underperform the market with a -1.3% decline and a breakdown below its 10-dma and 300-dma. The $33.00 level, as prior resistance, could offer some support but if the market accelerates lower next week I would expect FCX to hit our stop loss at $32.75.

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

chart:



Goodyear Tire & Rubber Co. - GT - close: 22.46 change: -0.14

Stop Loss: 21.65
Target(s): 25.00
Current Gain/Loss: - 0.2%

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:
09/28/13: GT continued to slip after yesterday's potential bearish reversal pattern. Yet the stock found support at its rising 10-dma on Friday so I would not panic yet. More conservative traders might want to inch their stop loss higher. We're going to leave ours at $21.65, just below the 20-dma for now.

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

chart:



NVIDIA - NVDA - close: 15.58 change: -0.09

Stop Loss: 15.45
Target(s): 16.90
Current Gain/Loss: - 0.1%

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:
09/28/13: There are no surprises here. I've been warning readers that we could see NVDA dip toward support near $15.50. Friday saw an intraday low of $15.49. It's do or die time for this trade. Monday should either produce a bounce from support or a breakdown where NVDA hits our stop loss at $15.45. 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

chart:



PRD Energy - PREGF - close: 0.97 change: -0.04

Stop Loss: TBD
Target(s): TBD
Current Gain/Loss: - 7.3%

Entry on September 27 at $1.05
Listed on September 26, 2013
Time Frame: 6 to 9 weeks
Average Daily Volume = 130 thousand
New Positions: see below

Comments:
09/28/13: PREGF opened higher at $1.05 and hit $1.07 before succumbing to some profit taking. After a week of big gains it's not surprising to see a little pullback. I do not see any changes from my Thursday night new play description and will repost those comments here:

Why We Like It:
It's been a long time since we listed a "lottery-ticket" style of trade. Tonight's new candidate definitely fits that description. When you buy a lottery ticket, you spend a dollar (maybe depending on where you live) and if you win, you can win big. If you don't win, you throw the ticket away. That's sort of the strategy for this speculative trade.

We almost never list a stock that trades on the "pink sheets" (i.e. the Over the Counter Bulletin Board exchange). Stocks that trade OTC tend to have very low volume and can be extremely volatile. That's another reason we consider this a higher-risk trade.

I will also point out that we didn't find this trade. The folks at Casey Research did. I normally don't follow Casey Research but when John Mauldin, of Mauldin Economics, emailed his 1.4 million readers about this particular trading idea we noticed.

Here's the quick summary. Casey Research claims they have found a small oil company that could be on the verge of tapping the next "Bakken" field. The Bakken is the huge field in N. America that is estimated will produce between 7 and 20 billion barrels of oil or oil equivalent. So the company in question is supposed to drill their first well in the next few weeks in the next "Bakken". If it's a successful well the stock could soar. If the first well isn't successful, well, I told you this was speculative. If Mauldin is emailing over one million investors about this trading idea the stock could rise anyway as other investors speculate whether the company's first well is successful or not.

It looks like the company in question is PRD Energy Inc. The OTCBB stock symbol is PREGF. I am suggesting small bullish positions at the open tomorrow morning. I'm not listing a stop loss and we are not listing an initial target. Both will be determined later.

This trade isn't for everybody but it did look interesting. We wanted to share it with our readers.

current Position: Long PREGF stock @ $1.05

chart:



Primoris Services - PRIM - close: 25.31 change: -0.32

Stop Loss: 24.20
Target(s): 28.50
Current Gain/Loss: - 0.7%

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:
09/28/13: After churning sideways the last three days PRIM succumbed to some profit taking and gave back -1.24% on Friday. Broken resistance near $25.00 should be new support. Traders could use a dip or a bounce near the $25.00 mark as a new bullish entry point.

current Position: Long PRIM stock @ $25.50

chart:



Ryanair Holdings - RYAAY - close: 50.45 change: -0.35

Stop Loss: 48.90
Target(s): 54.50
Current Gain/Loss: + 0.2%

Entry on September 26 at $50.35
Listed on September 25, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 540 thousand
New Positions: see below

Comments:
09/28/13: RYAAY garnered bullish analyst comments and a $55 price target on Friday. Yet the news didn't help. Shares of RYAAY gapped down at the open and dipped to round-number, psychological support at the $50.00 mark before bouncing (actually the intraday low was $49.92).

I would be tempted to launch new bullish positions here at current levels. However, investors may want to wait and see if both RYAAY and the S&P 500 index open positive on Monday and then consider new positions.

*small positions*

current Position: Long RYAAY stock @ $50.35

chart:



Seagate Technology - STX - close: 43.51 change: +0.37

Stop Loss: 40.90
Target(s): 47.00
Current Gain/Loss: +3.0%

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:
09/28/13: Traders bought the dip in STX near $42.50 on Friday. The stock rebounded to a +0.85% gain. More conservative traders might want to raise their stop closer to the $42.00 area. I am not suggesting new positions at this time.

current Position: Long STX stock @ $42.25

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

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

09/26/13 new stop loss @ 40.90

chart:



Tesaro, Inc. - TSRO - close: 39.44 change: -1.58

Stop Loss: 39.25
Target(s): 47.50
Current Gain/Loss: unopened

Entry on September -- at $--.--
Listed on September 26, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 120 thousand
New Positions: Yes, see below

Comments:
09/28/13: There was no follow through on TSRO's bounce from Thursday. Shares underperformed the market with a -3.85% decline. If shares do not recover soon we will drop it as a bullish candidate. Currently our plan is unchanged.

Earlier Comments:
We do consider this an aggressive, higher-risk trade. I am suggesting investors use small positions to limit their risk. We're listing a suggested entry trigger at $41.50. If triggered our target is $47.50. More aggressive traders could aim higher.

Trigger @ 41.50 *small positions*

Suggested Position: buy TSRO stock @ (trigger)

chart:



Toro Co. - TTC - close: 54.32 change: -0.50

Stop Loss: 53.75
Target(s): 59.50
Current Gain/Loss: - 1.6%

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:
09/28/13: TTC did not see any follow through on its Thursday bounce either. Shares faded back toward support near $54.00. That's two weeks in a row that TTC has failed to make any progress. More conservative traders may want to abandon ship and exit early now. I am not suggesting new positions at this time.

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

chart:



Whiting Petroleum - WLL - close: 59.98 change: +0.16

Stop Loss: 57.45
Target(s): 62.00
Current Gain/Loss: +5.7%

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:
09/28/13: WLL's rise on Friday extended its gains for the week to $6.7%. This stock is short-term overbought and challenging potential round-number resistance at the $60.00 level. More conservative traders may want to exit early now to lock in gains. We are not suggesting new positions at this time.

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*

09/26/13 new stop loss @ 57.45.
More conservative traders may want to take profits right now with our trade up +5.4%. The call option is up +39%.
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:



Yahoo! Inc. - YHOO - close: 33.55 change: +0.80

Stop Loss: 30.49
Target(s): 34.50
Current Gain/Loss: + 9.6%

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:
09/28/13: YHOO continued to rally on Friday with a +2.44% gain thanks to bullish analyst comments and a $37 price target on Friday morning. Shares hit $33.85 intraday. Our YHOO play is almost up +10% in a short amount of time. The stock is up +23% from its late August lows. What I'm trying to say is that YHOO is short-term overbought and due for a pullback.

More conservative investors may want to exit now to lock in gains. We are adjusting our exit target down to $34.00 and moving our stop loss up to $30.95.

NOTE: The bid/ask spread on our 2014 Jan. $32 call has hit $3.55/3.60. I am suggesting we exit this call position immediately at the open on Monday morning (Sept. 30th).

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*

09/28/13 new stop loss @ 30.95, adjust exit target to $34.00
09/28/13 prepare to exit the 2014 Jan. call on Monday, Sept. 30th
09/26/13 new stop loss @ 30.49, adjust exit target to $34.50
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.

chart:



BEARISH Play Updates

Axiall Corp. - AXLL - close: 37.54 change: -0.16

Stop Loss: 39.25
Target(s): 35.25
Current Gain/Loss: +3.1%

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:
09/28/13: AXLL tried to bounce on Friday but rolled over near short-term resistance at the $38.00 level. I am adjusting our stop loss down to $39.25. I am not suggesting new positions.

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.

current Position: short AXLL stock @ $38.75

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

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

09/28/13 new stop loss @ 39.25
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.

chart:



Urban Outfitters - URBN - close: 37.07 change: +0.09

Stop Loss: 38.25
Target(s): 34.50
Current Gain/Loss: + 0.5%

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:
09/28/13: Hmm.. I can't say that I'm enthusiastic about URBN's performance this past week. Shares did breakdown to new 2013 lows. Yet the rebound off its intraday lows on Friday almost looks like a bullish reversal. Readers may want to wait for a new failed rally near the descending 10-dma before considering new positions. I am adjusting our stop loss down to $38.25.

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

09/28/13 new stop loss @ 38.25

chart: