Editor's Note:
Many of the retail-related names underperformed the broader market on Monday.

POL, RYAAY, and TJX were stopped out. BJRI was triggered.


Current Portfolio:


BULLISH Play Updates

Avago Technologies - AVGO - close: 43.00 change: -0.50

Stop Loss: 41.90
Target(s): 44.50
Current Gain/Loss: + 6.8%

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:
10/07/13: The market's widespread profit taking today hit AVGO with a -1.1% decline. Shares paused at short-term support on their 10-dma. If the dip continues we can look for potential support near $42.00.

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

10/05/13 new stop loss @ 41.90
10/01/13 new stop loss @ 41.30
09/28/13 new stop loss @ 40.85
09/24/13 new stop loss @ 39.85
09/21/13 new stop loss @ 39.40



Twenty-First Century Fox, Inc. - FOXA - close: 33.09 change: -0.56

Stop Loss: 32.45
Target(s): 37.50
Current Gain/Loss: - 3.0%

Entry on October 01 at $34.10
Listed on September 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.6 million
New Positions: see below

Comments:
10/07/13: FOXA underperformed the broader market and erased Friday's bounce with a -1.6% decline. Shares are once again testing the $33.00 level. If FOXA breaks $33.00 we could see it dip toward the 30-dma or 40-dma in the $32.40-32.55 zone.

current Position: Long FOXA stock @ $34.10



Goodyear Tire & Rubber Co. - GT - close: 22.45 change: -0.56

Stop Loss: 21.85
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:
10/07/13: Ouch! GT displayed relative weakness on Monday with a -2.4% decline and a close below its simple 10-dma. Shares look poised to drop toward potential support at the $22.00 level. I am not suggesting new positions.

current Position: long GT stock @ $22.50

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

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

10/01/13 new stop loss @ 21.85
09/24/13 new stop loss @ 21.65



Krispy Kreme Doughnuts, Inc. - KKD - close: 22.80 change: +0.12

Stop Loss: 20.45
Target(s): sell half @ 23.25. exit the 2nd half at $24.75
Current Gain/Loss: +12.3%

Entry on October 03 at $20.30
Listed on October 02, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.25 million
New Positions: see below

Comments:
10/07/13: KKD bucked the market's down trend today. Traders bought the gap down and KKD ended the session up +0.5%. There is no change from my weekend comments.

Earlier Comments:
Investors have a decision to make. KKD has resistance in the $23.25-23.50 zone. Previously I have been suggesting we exit at $23.25. We have adjusted our exit strategy. I am suggesting we sell half of our position at $23.25. We want to adjust our final exit target to $24.75.

NOTE: KKD is prone to some intraday spikes. I am suggesting small positions to limit our risk.

*small positions*

current Position: Long KKD stock @ $20.30

10/05/13 Strategy Update: new stop loss @ 20.45
Plus, we want to sell half of our position at $23.25 and then exit the rest of our position at $24.75.



Lions Gate Entertainment - LGF - close: 35.65 change: -0.68

Stop Loss: 34.90
Target(s): 40.00
Current Gain/Loss: - 3.0%

Entry on October 02 at $36.75
Listed on October 01, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.75 million
New Positions: Yes, see below

Comments:
10/07/13: LGF spent the entire day drifting lower. If you're looking for an entry point you may want to consider buying a dip or a bounce near the $35.00 mark and its 50-dma.

current Position: Long LGF stock @ $36.75

10/05/13 new stop loss @ 34.90



Pandora Media - P - close: 26.30 change: -1.21

Stop Loss: 25.75
Target(s): 32.50
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 05, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 16.6 million
New Positions: Yes, see below

Comments:
10/07/13: There was no follow through on Friday's bounce in Pandora. The stock reversed sharply with a -4.39% decline on Monday. If we see P break down below $26.00 we will likely drop it as a candidate. For now our strategy is unchanged.

Earlier Comments:
On a short-term basis P is consolidating sideways in the $26-28 zone. I am suggesting a trigger to open bullish positions at $28.15. If triggered our multi-week target is $32.50. However, I have to warn you that the $30.00 level could be round-number, psychological resistance. It's also worth pointing out that P could see more short covering. The most recent data listed short interest at 28% of the 146 million share float.

Trigger @ 28.15

Suggested Position: buy P stock @ (trigger)

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

Buy the 2014 Jan $30 call (P1418a30)



PRD Energy - PREGF - close: 1.14 change: -0.06

Stop Loss: 0.93
Target(s): TBD
Current Gain/Loss: + 8.6%

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:
10/07/13: PREGF spiked to a new relative high at $1.29 this morning before succumbing to profit taking. Shares ended the session down -4.6%. If you're looking for a new entry point a bounce off the $1.00 level might work.

*Higher Risk, Speculative Trade*

current Position: Long PREGF stock @ $1.05

10/05/13 new stop loss @ 0.93



Seagate Technology - STX - close: 45.87 change: +0.31

Stop Loss: 43.75
Target(s): 47.00
Current Gain/Loss: +6.9%

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:
10/07/13: STX gapped down this morning but there wasn't much follow through lower. Shares ended the session with a -1.5% decline.

I am not suggesting new positions. More conservative traders may want to exit positions (including the option) now to lock in gains.

current Position: Long STX stock @ $42.25

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

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

10/02/13 new stop loss @ 43.75
10/01/13 new stop loss @ 41.95
09/30/13 new stop loss @ 41.40
09/26/13 new stop loss @ 40.90



Ubiquiti Networks - UBNT - close: 36.14 change: -0.40

Stop Loss: 32.90
Target(s): 39.75
Current Gain/Loss: + 1.1%

Entry on October 04 at $35.75
Listed on October 01, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 853 thousand
New Positions: see below

Comments:
10/07/13: Monday proved to be a relatively quiet day for shares of UBNT. I don't see any changes from my weekend comments. Friday saw UBNT hit our entry trigger but more conservative investors may want to wait for a close above $37.50 since a failure here (near its late August high) would look like a potential bearish double top.

Keep in mind that this is a more aggressive, higher-risk trade and I am suggesting investors keep their position size small.

Earlier Comments:
UBNT could see another short squeeze. The most recent data listed short interest at more than 32% of the very small 19.5 million share float.

*small positions*

current Position: long UBNT stock @ $35.75



WuXi Pharma Tech - WX - close: 28.70 change: -0.16

Stop Loss: 26.95
Target(s): 31.50
Current Gain/Loss: + 1.4%

Entry on October 04 at $28.30
Listed on October 03, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 289 thousand
New Positions: see below

Comments:
10/07/13: WX tried to rally but with an uncooperative market the stock failed near Friday's intraday high. Profit taking in WX today was relatively mild. If the market continues to sink we might see WX retest its 10-dma near $28.00 soon.

NOTE: We wanted to keep our position size small to limit our risk.

We will have to keep a careful eye on the $30.00 level, which might prove to be round-number resistance.

*small positions*

current Position: Long WX stock @ $28.30



BEARISH Play Updates

BJ's Restaurant - BJRI - close: 27.90 change: -0.35

Stop Loss: 29.55
Target(s): 25.00
Current Gain/Loss: - 0.5%

Entry on October 07 at $27.75
Listed on October 05, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 315 thousand
New Positions: see below

Comments:
10/07/13: BJRI's weakness continued on Monday with a new multi-year low. Shares hit our suggested entry point at $27.75 this afternoon.

Earlier Comments:
I am suggesting small positions because BJRI does have above average short interest. The most recent data listed short interest at 17% of the small 23.2 million share float. I am not listing the options but you could buy put options to limit your risk in a bearish trade on BJRI.

current Position: short BJRI stock @ $27.75



Urban Outfitters - URBN - close: 35.66 change: -1.30

Stop Loss: 37.75
Target(s): 34.50
Current Gain/Loss: + 4.3%

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:
10/07/13: Many of the retail-related names underperformed the market today. URBN helped lead the pack lower with a -3.5% decline and a plunge to new 2013 lows. Our exit target is $34.50. I am adjusting our stop loss down to $37.25. I am not suggesting new positions at this time.

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

10/07/13 new stop loss @ 37.25
10/05/13 new stop loss @ 37.75
09/28/13 new stop loss @ 38.25



CLOSED BULLISH PLAYS

PolyOne Corp. - POL - close: 29.86 change: -0.61

Stop Loss: 29.75
Target(s): 34.50
Current Gain/Loss: -3.3%

Entry on September 30 at $30.75
Listed on September 28, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 412 thousand
New Positions: see below

Comments:
10/07/13: POL displayed relative weakness on Monday and hit our stop loss. The stock gapped open lower at $30.00 and quickly hit our stop loss at $29.75. Shares held support at $30.00 all of last week so it was surprising to see the weakness on no news this morning.

closed Position: Long POL stock @ $30.75 exit $29.75 (-3.3%)

10/07/13 stopped out
10/05/13 new stop loss @ 29.75

chart:



Ryanair Holdings - RYAAY - close: 49.44 change: -0.17

Stop Loss: 48.90
Target(s): 54.50
Current Gain/Loss: - 3.2%

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:
10/07/13: RYAAY followed the market lower this morning with a gap down at $48.72. That was below our suggested stop loss at $48.90 so the trade has been closed.

*small positions*

closed Position: Long RYAAY stock @ $50.35 exit $48.72 (-3.2%)

10/07/13 stopped out on gap down at $48.72

chart:



The TJX Companies - TJX - close: 55.36 change: -0.99

Stop Loss: 55.75
Target(s): 62.00
Current Gain/Loss: - 1.8%

Entry on October 01 at $56.75
Listed on September 28, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.1 million
New Positions: see below

Comments:
10/07/13: Many of the retail names underperformed today. TJX gapped down this morning to open at $55.94 and quickly hit our stop loss at $55.75. Shares closed on their lows for the session and that doesn't bode well for tomorrow.

closed Position: Long TJX stock @ $56.75 exit $55.75 (-1.8%)

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

2014 Jan $60 call (TJX1418a60) entry $1.15 exit $0.80* (-30.4%)

10/07/13 stopped out
*option exit price is an estimate since the option did not trade at the time our play was closed.
10/05/13 new stop loss @ 55.75

chart: