Editor's Note:
The S&P 500 index managed to eke out another new high. The NASDAQ and the Russell 2000 both posted very minor declines. Overall it was a relatively quiet day.

CRM hit our stop loss.


Current Portfolio:


BULLISH Play Updates

Adobe Systems - ADBE - close: 53.93 change: +0.12

Stop Loss: 51.25
Target(s): 58.50
Current Gain/Loss: + 0.8%

Entry on October 22 at $53.50
Listed on October 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.6 million
New Positions: see below

Comments:
10/28/13: Monday ended up being a quiet day for shares of ADBE. The early attempt at a rally fizzled and shares drifted sideways. I don't see any changes from my prior comments. If you're looking for an entry point you may want to wait for a dip near $53.00 or its 10-dma near $53.00.

current Position: long ADBE stock @ $53.50

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

Long 2014 Jan $55 call (ADBE1418a55) entry $1.95



Cantel Medical Corp. - CMN - close: 35.28 change: -0.07

Stop Loss: 34.25
Target(s): 39.00
Current Gain/Loss: - 0.2%

Entry on October 24 at $35.35
Listed on October 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 153 thousand
New Positions: see below

Comments:
10/28/13: It looks like CMN is still asleep. Shares have spent the last day and a half drifting sideways in a very narrow range. At this point traders may want to wait for a dip or a bounce from the 10-dma before considering new positions. The 10-dma is currently near $34.75.

Earlier Comments:
We want to keep our position size small because CMN is arguably already overbought (but that tends to happen with momentum stocks).

*small positions*

current Position: long CMN stock @ $35.35



East West Bancorp - EWBC - close: 34.19 change: -0.20

Stop Loss: 32.90
Target(s): 39.00
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: Yes, see below

Comments:
10/28/13: EWBC rallied up to $34.49 before retreating and closing down -0.58%. That means we're still on the sidelines. I am adjusting our suggested entry point from $34.50 to $34.60.

If triggered our multi-week target is $39.00.

Trigger @ 34.50

Suggested Position: buy EWBC stock @ (trigger)

10/28/13 adjust entry point to $34.60 from $34.50. Today's high was $34.49.



HB Fuller Co. - FUL - close: 47.88 change: -0.10

Stop Loss: 45.75
Target(s): 49.75
Current Gain/Loss: + 3.6%

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:
10/28/13: Traders bought the dip in FUL near its rising 10-dma. The stock almost made it back into positive territory by the closing bell. I am not suggesting new positions at this time.

Earlier comments:
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

10/22/13 new stop loss @ 45.75
10/17/13 new stop loss @ 44.95
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



GameStop Corp. - GME - close: 54.41 change: -0.47

Stop Loss: 53.25
Target(s): 63.00
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.7 million
New Positions: Yes, see below

Comments:
10/28/13: GME continues to struggle with resistance near the $55.00 level. If the stock does not improve soon we will likely drop it as an active candidate. Otherwise I don't see any changes from my earlier comments.

Earlier Comments:
If this rally continues GME could see a short squeeze. The most recent data listed short interest at 18% of the 114 million share float.

I am suggesting a trigger to open bullish positions at $55.50. If triggered our target is $63.00 but more conservative traders may want to exit near $60.00, which could prove to be round-number, psychological resistance.

Trigger @ 55.50

Suggested Position: buy GME stock @ (trigger)

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

Buy the 2014 Jan $60 call (GME1418a60)



Krispy Kreme Doughnuts, Inc. - KKD - close: 23.53 change: -0.47

Stop Loss: 22.85
Target(s): (sold half @ 23.25) exit the 2nd half at $26.50
Current Gain/Loss: (+14.5%) 2nd half = +15.9%

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:
10/28/13: KKD lost -1.95% and broke down below its simple 10-dma. More conservative traders may want to exit immediately. The stock is down two days in a row and that hasn't happened in a couple of weeks. Currently our stop loss is at $22.85. You may want to raise your stop if you're not exiting.

Earlier Comments:
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

10/22/13 Exit Strategy Update: We are raising our exit target on the second half of our trade from $24.75 to $26.50.
new stop loss @ 22.85.
10/19/13 new stop loss @ 22.40
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: 18.89 change: -0.01

Stop Loss: 18.15
Target(s): 19.50
Current Gain/Loss: + 8.1%

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:
10/28/13: SGMS displayed some relative strength with a +0.74% gain. The stock looks poised to breakout from its recent sideways consolidation. More conservative traders may want to take profits now.

Earlier comments:
The next major resistance level looks like the $19.50-20.00 zone. 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) -

(option exit on 10/22/2013)
NOV $17.50 call (SGMS1316k17.5) entry $1.15* exit $1.80* (+56.5%)

10/26/13 new stop loss @ 18.15
10/22/13 new stop loss @ 17.90
10/22/13 planned exit to close the call options. +56.5%
10/21/13 new stop loss @ 17.40, adjust exit target to $19.50
prepare to exit our Nov. $17.50 call at the open tomorrow.
10/19/13 new stop loss @ 16.90
*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: 58.61 change: -0.19

Stop Loss: 55.85
Target(s): 59.85
Current Gain/Loss: + 4.4%

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:
10/28/13: SMG has been very strong two weeks in a row. Today the stock showed a little bit of profit taking. SMG is short-term overbought so more cautious investors may want to take some money off the table. I am not suggesting new positions.

current Position: long SMG stock @ $56.15

10/23/13 new stop loss @ 55.85
10/21/13 new stop loss @ 55.40
10/17/13 new stop loss @ 54.75



Sonoco Products Co. - SON - close: 40.74 change: -0.29

Stop Loss: 39.75
Target(s): 44.75
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 436 thousand
New Positions: Yes, see below

Comments:
10/28/13: SON spiked to a new 52-week high this morning but shares did not hit our entry point. I don't see any changes from my prior comments.

I am suggesting a trigger to open bullish positions at $41.25. If triggered our target is $44.75. More aggressive traders may want to aim higher.

NOTE: Nimble traders may want to wait and see if SON will provide a dip back toward the $40.50-40.00 zone and use that pullback as an entry point.

Trigger @ 41.25

Suggested Position: buy SON stock @ (trigger)



BEARISH Play Updates


None. We do not have any active bearish trades.



CLOSED BULLISH PLAYS

Salesforce.com, Inc. - CRM - close: 53.49 change: -1.07

Stop Loss: 52.25
Target(s): 59.75
Current Gain/Loss: - 5.2%

Entry on October 21 at $56.15
Listed on October 19, 2013
Time Frame: 3 to 5 weeks
Average Daily Volume = 4.0 million
New Positions: see below

Comments:
10/28/13: Something happened to CRM this morning and shares fell more than -4% before bouncing and paring its loss to just -1.9%. Unfortunately, I could not find any news to explain today's relative weakness. Shares did hit our stop loss at $52.25.

closed Position: long CRM stock @ $56.15 exit $52.25 (-5.2%)

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

2014 Jan $60 call (CRM1418a60) entry $2.10 exit $1.16 (-44.7%)

10/28/13 stopped out
10/21/13 trade opened on gap higher at $56.15, trigger was 54.50
(gap higher due to an upgrade to strong buy)

chart: