Editor's Note:
After a multi-day bounce the market's rally retreated on headlines that democrats and republicans still didn't have a deal.

FUL, HLS, and SMG were triggered.
PRD (PREGF) was closed at the opening bell.


Current Portfolio:


BULLISH Play Updates

Avago Technologies - AVGO - close: 43.74 change: -0.49

Stop Loss: 42.40
Target(s): 48.00
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 14, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.75 million
New Positions: Yes, see below

Comments:
10/15/13: AVGO gave back just over half of yesterday's gains with a -1.1% decline on Tuesday. The stock has hit my suggested entry point for more "nimble" traders at $43.75. Officially the newsletter is still on the sidelines. Today's high was only $44.44. Our entry point is $44.50.

Earlier comments:
I am suggesting small bullish positions if AVGO can trade at $44.50. If triggered our multi-week target is $48.00.

Trigger @ 44.50 *small positions*

Suggested Position: buy AVGO stock @ (trigger)

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

buy the 2014 Jan $45 call (AVGO1418a45)



HB Fuller Co. - FUL - close: 45.30 change: -0.43

Stop Loss: 44.49
Target(s): 49.75
Current Gain/Loss: - 1.9%

Entry on October 15 at $46.20
Listed on October 12, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 405 thousand
New Positions: see below

Comments:
10/15/13: Warning! I have to urge caution here. FUL saw a spike higher within the first minute of trading today. The stock opened at $45.66, spiked to $46.30 and then retreated back below $45.65 all within the first two minutes. That doesn't suggest any true strength. Unfortunately our entry point was hit at $46.20.

I am warning readers that today's move looks like a failed breakout and bearish reversal pattern. Plus, it could be the second peak to a bearish double top pattern. I am not suggesting new positions at this time and more conservative investors might want to raise their stop loss.

Earlier comments:
If triggered our target is $49.75. More aggressive traders may want to aim higher. FUL's point & figure chart has created a spread triple-top breakout buy signal with a $62 target.

current Position: long FUL stock @ $46.20

10/15/13 be careful. FUL hit our trigger on a very brief intraday spike
10/14/13 adjust entry trigger to $46.20 from $46.15



iShares China Large Cap ETF - FXI - close: 38.12 change: -0.38

Stop Loss: 36.70
Target(s): 41.75
Current Gain/Loss: - 0.3%

Entry on October 11 at $38.25
Listed on October 10, 2013
Time Frame: 6 to 9 weeks
Average Daily Volume = 17.6 million
New Positions: see below

Comments:
10/15/13: The FXI ended a four-day bounce with a -0.98% pullback today. I'm not too alarmed by today's dip. If the market continues to sink then we could see the FXI slip towards the $37.75-37.50 area. A bounce near $37.50 could be used as an alternative entry point.

Earlier comments:
This ETF might see some short-term resistance in the $39.25 area (September high) and the $40.00 level but our multi-week target is $41.75.

current Position: long the FXI (ETF) @ $38.25

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

Long 2014 Jan $40 call (FXI1418a40) entry $0.97



HEALTHSOUTH Corp. - HLS - close: 35.70 change: -0.47

Stop Loss: 34.95
Target(s): 39.75
Current Gain/Loss: - 1.7%

Entry on October 15 at $36.30
Listed on October 10, 2013
Time Frame: exit PRIOR to earnings on Oct. 28th
Average Daily Volume = 459 thousand
New Positions: see below

Comments:
10/15/13: Warning! I also have to issue caution here with HLS. This stock also saw a sharp spike higher in the first sixty seconds of trading. That is a bit odd given the weakness in the broader market this morning. There was no follow through and HLS quickly reversed lower. Unfortunately, our suggested entry point was hit at $36.30. HLS should find some short-term support at its 10-dma near $35.60. If the 10-dma fails then our trade could be in trouble. I am not suggesting new positions at this time.

Earlier Comments:
Our target is $39.75 but we do not want to hold over the earnings report scheduled for October 28th.

current Position: Long HLS stock @ $36.30

10/15/13 triggered at $36.30
10/14/13 adjust entry trigger to $36.30 from $36.25
adjust the stop loss from $34.75 to $34.95



Krispy Kreme Doughnuts, Inc. - KKD - close: 22.77 change: -0.13

Stop Loss: 21.85
Target(s): (sold half @ 23.25) exit the 2nd half at $24.75
Current Gain/Loss: (+14.5%) 2nd half = +12.2%

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:
10/15/13: KKD is still holding up reasonably well. Shares tried to rally this morning before succumbing to the market's widespread decline this afternoon. Look for short-term support at the 10-dma near $22.45 and potential support near $22.00. More conservative traders may want to exit completely.

I am not suggesting new positions at this time.

Earlier Comments:
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

10/14/13 new stop loss @ 21.85
10/08/13 new stop loss @ 21.40
10/08/13 1st target hit at $23.25 (sell half) +14.5%
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.



Scientific Games - SGMS - close: 17.95 change: +0.20

Stop Loss: 16.40
Target(s): 19.75
Current Gain/Loss: + 2.0%

Entry on October 14 at $17.60
Listed on October 12, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 690 thousand
New Positions: see below

Comments:
10/15/13: The rally in SGMS continues with the stock now up five days in a row. Shares are nearing what could be potential resistance at the $18.00 mark. I would not be surprised to see shares pullback a bit and possibly retest their simple 10-dma.

Earlier comments:
The next major resistance level looks like the $19.50-20.00 zone. Our target is $19.75. Keep in mind that we want to use small positions to limit our risk.

*small positions*

current Position: long SGMS stock @ $17.60

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

Long NOV $17.50 call (SGMS1316k17.5) entry $1.15*

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



Scotts Miracle-Gro Co. - SMG - close: 55.61 change: -0.32

Stop Loss: 53.95
Target(s): 59.85
Current Gain/Loss: - 1.0%

Entry on October 15 at $56.15
Listed on October 14, 2013
Time Frame: 3 to 5 weeks
Average Daily Volume = 310 thousand
New Positions: see below

Comments:
10/15/13: I am urging caution on our new SMG trade as well. Shares rallied off their morning lows. The stock broke out past resistance at $56.00 by lunchtime and hit new 52-week highs and our trigger to open positions at $56.15. Unfortunately, SMG was unable to maintain the breakout. Our trade is open but I would not launch new positions with SMG below $56.00.

current Position: long SMG stock @ $56.15



BEARISH Play Updates

Urban Outfitters - URBN - close: 35.89 change: -0.18

Stop Loss: 36.75
Target(s): 34.50
Current Gain/Loss: + 3.7%

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:
10/15/13: It was an odd day for shares of URBN. The stock seemed to be moving opposite the market. While the market closed near its lows with an afternoon slide share of URBN were on the rebound this afternoon. The stock remains below short-term technical resistance at its simple 10-dma for now but I am urging caution here. More conservative traders may want to tighten their stop loss. 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 exit $2.85* (+96.5%)

10/09/13 planned exit to close our Oct. 38 puts at the open.
*option exit price is an estimate since the option did not trade at the time our play was closed.
10/08/13 new stop loss @ 36.75
prepare to exit the October $38 puts at the open.
10/07/13 new stop loss @ 37.25
10/05/13 new stop loss @ 37.75
09/28/13 new stop loss @ 38.25



ValueClick, Inc. - VCLK - close: 19.48 change: +0.06

Stop Loss: 20.26
Target(s): 18.05
Current Gain/Loss: + 1.9%

Entry on October 08 at $19.85
Listed on October 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: see below

Comments:
10/15/13: It was a quiet day for VCLK with shares drifting sideways inside a 30-cent range. Nimble traders could use a failed rally near $20.00 as a new entry point but overall I am not suggesting new positions at this time.

current Position: short VCLK stock @ $19.85

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

Long NOV $20 PUT (VCLK1316w20) entry $1.45

10/12/13 new stop loss @ 20.26
10/08/13 new stop loss @ 20.51



CLOSED BULLISH PLAYS

PRD Energy - (PRD) PREGF - close: 1.29 change: +0.19

Stop Loss: 0.93
Target(s): TBD
Current Gain/Loss: +10.5%

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:
10/15/13: Wow! It was a big day for shares of PRD, which rallied +17.2% on Tuesday. There was no news that I could find to account for today's show of relative strength. Sadly we had already decided last night to exit positions at the opening bell. Fortunately, PRD did gap open at $1.16 this morning.

Earlier comments:
The symbol has actually changed to just PRD. You can still get quotes from Yahoo Finance

*Higher Risk, Speculative Trade*

closed Position: Long PREGF stock @ $1.05 exit $1.16 (+10.5%)

10/15/13 planned exit at the open. PRD gapped higher at $1.16
10/14/13 prepare to exit at the opening bell tomorrow
10/05/13 new stop loss @ 0.93

Chart: