Editor's Note:
The S&P 500 and Dow Industrials posted gains but the Russell 2000 and the Dow Transportation average both underperformed. This underperformance could be a warning signal.

EAT and HAL hit our entry triggers. EWBC was closed. MU has been removed.


Current Portfolio:


BULLISH Play Updates

Adobe Systems - ADBE - close: 54.88 change: +0.09

Stop Loss: 53.40
Target(s): 58.50
Current Gain/Loss: + 2.6%

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:
11/06/13: Wednesday proved to be a relatively quiet day for shares of ADBE. It looks like short-term technical support at the rising 10-dma will hold. I am not suggesting new positions at this time.

current Position: long ADBE stock @ $53.50

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

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

11/04/13 new stop loss @ 53.40
11/02/13 new stop loss @ 52.40



Brinker Intl. Inc. - EAT - close: 45.63 change: +0.09

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: - 0.3%

Entry on November 06 at $45.75
Listed on November 05, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.4 million
New Positions: see below

Comments:
11/06/13: Our new play on EAT has already been triggered. The stock gapped open higher at $45.73 and almost hit $46.00 before paring its gains. Our trigger to open bullish positions was hit this morning at $45.75. I don't see any changes from our Tuesday night new play description. Although more nimble traders may want to consider buying a dip near $45.00, which should be new support.

Earlier Comments:
The latest data listed short interest at 10% of the 65.5 million share float. If this rally continues it could spark some short covering. Our target is $49.75. More aggressive traders could aim higher. The Point & Figure chart for EAT is bullish with a $67.50 target.

I want to urge a little caution if you plan to use the call options. EAT's January options have some relatively wide spreads. The 2014 January $45s seem to be the exception for now but that doesn't mean the spread will stay this narrow (it could get worse).

current Position: long EAT stock @ $45.75

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

Long 2014 Jan $45 call (EAT1418a45) entry $1.70*

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



HB Fuller Co. - FUL - close: 48.52 change: -0.06

Stop Loss: 46.95
Target(s): 49.75
Current Gain/Loss: + 5.0%

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:
11/06/13: It was a quiet day for FUL. The stock didn't see the same volatility that the major indices experienced today. There is no change from my prior comments. More conservative traders may want to raise their stop loss closer to the $47.50 area.

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

11/04/13 new stop loss @ 46.95
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



Halliburton Co. - HAL - close: 54.40 change: +1.27

Stop Loss: 52.40
Target(s): 57.50
Current Gain/Loss: + 0.5%

Entry on November 06 at $54.15
Listed on November 04, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 7.8 million
New Positions: see below

Comments:
11/06/13: Our HAL trade has been triggered. The stock displayed relative strength with a +2.39% gain. Traders bought the dip at its rising 10-dma this morning and then broke out past resistance near $54.00. Our trigger was hit at $54.15. I would still consider new positions now at current levels.

The move may have been fueled by news out this morning. HAL said they plan to expand in the deepwater market by at least 25% faster than the market growth rate over the next three years (source: Reuters). HAL also boosted its quarterly cash dividend by 20% to 15 cents per share. The next dividend is payable on Dec. 27th to shareholders on record as of Dec. 6th.
FYI: The Point & Figure chart for HAL is bullish with a $62.00 target.

current Position: long HAL stock @ $54.15

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

Long 2014 Jan $55 call (HAL1418a55) entry $1.78



Krispy Kreme Doughnuts, Inc. - KKD - close: 25.74 change: +0.41

Stop Loss: 24.75
Target(s): (sold half @ 23.25) exit the 2nd half at $26.50

Current Gain/Loss: (+14.5%) 2nd half = +26.8%

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:
11/06/13: I am urging caution here. Traders may want to exit and lock in gains. The stock garnered some bullish analyst comments this morning. KKD reacted by surging to $26.40 but eventually pared its gains. Today's +1.6% gain still outperformed the major indices but the pullback from its high is might suggest a short-term top. Since we've been aiming for $26.50 readers may want to just exit now.

I am raising our stop loss to $24.75.

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

11/06/13 new stop loss @ 24.75, readers may want to exit now.
11/05/13 new stop loss @ 23.90
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.



Consumer Staples ETF - XLP - close: 43.09 change: +0.46

Stop Loss: 41.65
Target(s): 47.50
Current Gain/Loss: + 0.8%

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:
11/06/13: The XLP was back to showing relative strength again. This ETF surged +1.0% and broke out to a new all-time high. I am raising our stop loss up to $41.65.

current Position: long the XLP @ $42.75

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

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

11/06/13 new stop loss @ 41.65
10/30/13 FYI: today's session has created a bearish reversal pattern. Look for a dip back toward $42.00.
*option entry price is an estimate since the option did not trade at the time our play was opened.



Yandex N.V. - YNDX - close: 38.27 change: +0.75

Stop Loss: 35.90
Target(s): 1st target @ 41.75, 2nd target @ 44.50
Current Gain/Loss: - 0.6%

Entry on November 04 at $38.50
Listed on November 02, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.2 million
New Positions: see below

Comments:
11/06/13: YNDX was also showing some relative strength today. Shares spiked higher with the market at the open and closed near its highs for the session. Today's +1.99% gain outperformed the major U.S. indices. Readers might want to wait for a rally past $38.65 before initiating new positions.

Earlier Comments:
I want to caution you that this is an aggressive, higher-risk trade. YNDX can be a volatile stock. Our first target is $41.75. Our secondary, more aggressive target is $44.50.

*small positions*

current Position: Long YNDX stock @ $38.50

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

Long 2014 Jan $40 call (YNDX1418a40) entry $1.75



BEARISH Play Updates

Teradata Corp. - TDC - close: 42.98 change: +0.35

Stop Loss: 47.05
Target(s): 37.00
Current Gain/Loss: + 1.0%

Entry on November 04 at $43.40
Listed on October 31, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 4.1 million
New Positions: see below

Comments:
11/06/13: After a five-day decline TDC produced a little oversold bounce today. Gains were mild but shares still outperformed the market with a +0.8% advance. I am not suggesting new positions at this time.

Earlier Comments:
The $40.00 level might be round-number support but we're aiming for $37.00. FYI: The Point & Figure chart for TDC is bearish with a $22.00 target.

current Position: short TDC stock @ $43.40

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

Long 2014 Jan $40 PUT (TDC1418m40) entry $0.90

11/04/13 triggered at $43.40
11/02/13 adjust entry trigger from $43.50 to $43.40



CLOSED BULLISH PLAYS

East West Bancorp - EWBC - close: 33.60 change: +0.10

Stop Loss: 32.90
Target(s): 39.00
Current Gain/Loss: - 3.1%

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:
11/06/13: EWBC has not been performing well. We decided last night to cut our losses and exit positions at the opening bell this morning. Fortunately for us the market spiked higher this morning and EWBC gapped open higher at $33.64.

closed Position: long EWBC stock @ $34.71 exit $33.64 (-3.1%)

11/06/13 planned exit
11/05/13 prepare to exit tomorrow morning
10/31/13 EWBC is not performing well. Trades may want to exit early now
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.

chart:



Micron Technology - MU - close: 17.50 change: -0.17

Stop Loss: 17.40
Target(s): 19.90
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 02, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 52 million
New Positions: see below

Comments:
11/06/13: MU has not performed as expected. Shares displayed relative weakness today. Our trade has not opened yet so we are removing MU as an active candidate.

Trade did not open.

11/06/13 removed from the newsletter. suggested trigger was $18.05

chart: