Editor's Note:
The major U.S. indices continued to climb on Tuesday and stocks enjoyed a widespread rally.

EWBC and XLP hit our entry triggers.
GME hit our trigger and out stop loss.


Current Portfolio:


BULLISH Play Updates

Adobe Systems - ADBE - close: 54.86 change: +0.93

Stop Loss: 51.25
Target(s): 58.50
Current Gain/Loss: + 2.5%

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:
10/29/13: ADBE displayed relative strength on Tuesday with a +1.7% surge to a new all-time high. I wouldn't be surprised to see some profit taking tomorrow. After the closing bell tonight it was disclosed that the security breach ADBE confessed to a few weeks ago was worse than expected. Hackers managed to steal about 38 million passwords from ADBE customers. That's significantly higher than previously estimated. There is the possibility (no guarantee) that ADBE shares could see a knee-jerk reaction lower tomorrow.

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: 35.39 change: +0.11

Stop Loss: 34.25
Target(s): 39.00
Current Gain/Loss: + 0.1%

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:
10/29/13: Shares of CMN have been a zombie the last two and a half days with shares shuffling along in a very narrow range. Traders may want to wait for some signs of life before considering new positions.

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: 34.01 change: -0.03

Stop Loss: 32.90
Target(s): 39.00
Current Gain/Loss: - 2.0%

Entry on October 29 at $34.71
Listed on October 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: see below

Comments:
10/29/13: EWBC displayed a little volatility today. I could not find the catalyst to explain the stock's gap open higher at $34.71 this morning. The rally didn't last long and EWBC immediately reversed lower. Technically today's move has created a bearish engulfing candlestick reversal pattern and the close below its simple 10-dma doesn't help either. Unfortunately the gap higher this morning was above our suggested trigger at $34.60 so our trade is now open. More conservative traders may want to raise their stop loss I am not suggesting new positions at this time.

If triggered our multi-week target is $39.00.

current Position: long EWBC stock @ $34.71

10/29/13 trade opened on gap higher at $34.71.
10/28/13 adjust entry point to $34.60 from $34.50. Today's high was $34.49.



HB Fuller Co. - FUL - close: 48.23 change: +0.35

Stop Loss: 46.75
Target(s): 49.75
Current Gain/Loss: + 4.4%

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:
10/29/13: Shares of FUL found support near its simple 10-dma for the second day in a row. The stock outperformed the major indices with a +0.7% gain. I am raising our stop loss up to $46.75.

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

10/29/13 new stop loss @ 46.75
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



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

Stop Loss: 23.40
Target(s): (sold half @ 23.25) exit the 2nd half at $26.50
Current Gain/Loss: (+14.5%) 2nd half = +18.2%

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:
10/29/13: After a two-day pullback KKD managed a bounce (+1.99%). I am not suggesting new positions at this time. We will raise our stop loss to $23.40.

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

10/29/13 new stop loss @ 23.40
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: 18.64 change: -0.39

Stop Loss: 18.15
Target(s): 19.50
Current Gain/Loss: + 5.9%

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:
10/29/13: SGMS displayed relative weakness today with a -2.0% decline. Shares stalled at their 10-dma this afternoon but there's no guarantee this technical support will hold. There didn't seem to be any specific news behind today's weakness. I am not suggesting new positions at this time.

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: 58.84 change: +0.23

Stop Loss: 55.85
Target(s): 59.75
Current Gain/Loss: + 4.8%

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:
10/29/13: SMG bounced and erased yesterday's minor decline. The stock looks poised to rally past the $59.00 level soon. I am adjusting our exit target down to $59.75. I am not suggesting new positions.

current Position: long SMG stock @ $56.15

10/29/13 adjust exit target to $59.75
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: 40.94 change: +0.20

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:
10/29/13: SON displayed some volatility this morning. A rival packaging company, MeadWestvaco Corp. (MWV), reported earnings this morning that missed estimates. Shares of SON reacted to the news but traders bought the in SON at its 10-dma. I don't see any changes from my prior comments. If you were looking to buy a dip you got it today.

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.

Trigger @ 41.25

Suggested Position: buy SON stock @ (trigger)



Consumer Staples ETF - XLP - close: 42.94 change: +0.37

Stop Loss: 40.75
Target(s): 47.50
Current Gain/Loss: + 0.4%

Entry on October 29 at $42.75
Listed on October 28, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 7.0 million
New Positions: see below

Comments:
10/29/13: The rally in the XLP continued on Tuesday with a +0.8% gain and another all-time high. Our suggested entry point to open bullish positions was hit at $42.75. If you don't feel like chasing it you could wait for a dip into the $42.50-42.00 zone since $42.00 should be new support.

current Position: long the XLP @ $42.75

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

Long 2014 Jan $43 call (XLP1418a43) entry $0.71*

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



BEARISH Play Updates


None. We do not have any active bearish trades.



CLOSED BULLISH PLAYS

GameStop Corp. - GME - close: 54.45 change: +1.04

Stop Loss: 53.25
Target(s): 63.00
Current Gain/Loss: -4.1%

Entry on October 29 at $55.50
Listed on October 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.7 million
New Positions: see below

Comments:
10/29/13: Sometimes the stock market does not want to cooperate. This morning GME garnered some bullish analyst comments and a $65 price target. This sparked a gap higher and GME hit our trigger to open positions at $55.50. Unfortunately between 9:56 and 9:57 a.m. GME displayed some significant volatility with a spike down to $52.71. I thought it may have been a bad tick but shares do appear to have traded that low. Sadly our stop loss was hit at $53.25 or at least it would have been hit. GME likely gapped down within that one-minute time period. It immediately recovered and eventually closed at a new relative high.

Thus our trade was opened this morning shortly after the open at $55.50 and closed before 10:00 a.m. at $53.25. I would keep GME on your watch list. The stock looks poised to run higher. A stop below today's low might work.

closed Position: GME stock @ $55.50, exit $53.25 (-4.1%)

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

2014 Jan $60 call (GME1418a60) entry $2.40* exit $2.05* (-14.5%)

10/29/13 stopped out on very brief spike lower
10/29/13 triggered
*option entry and exit prices are an estimate since the option did not trade at the time our trade was opened or stopped.

chart: