Editor's Note:
The U.S. market suffered a widespread sell-off as Twitter's IPO stole the spotlight. We see a lot of bearish reversals today.

ADBE and KKD hit our stops. EVR was triggered.
We want to exit our YNDX trade at the open tomorrow.


Current Portfolio:


BULLISH Play Updates

Colgate-Palmolive Co. - CL - close: 64.80 change: -1.21

Stop Loss: 64.75
Target(s): 70.00
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 06, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.6 million
New Positions: Yes, see below

Comments:
11/07/13: CL reversed sharply from resistance near $66.00. The market's widespread profit taking sparked a -1.8% decline in CL. The close below its 10-dma is short-term bearish. At the moment our plan is unchanged.

I am suggesting a trigger to open bullish positions at $66.25. If triggered our multi-week target is $70.00 but we will adjust this as needed.

Trigger @ 66.25

Suggested Position: buy CL stock @ (trigger)

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

Buy the 2014 Jan $65 call (CL1418a65)



Brinker Intl. Inc. - EAT - close: 44.78 change: -0.85

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: - 2.1%

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:
11/07/13: EAT underperformed the broader market with a -1.8% decline. The $45.00 level should have been new short-term support. Today's close below the $45 mark suggest that shares will test their 10-dma near $44.40 or test support near $44.00. I would wait for a bounce from one of these levels before considering new positions.

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.



Evercore Partners - EVR - close: 50.80 change: -1.46

Stop Loss: 49.95
Target(s): 59.00
Current Gain/Loss: - 3.2%

Entry on November 07 at $52.50
Listed on November 06, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 439 thousand
New Positions: see below

Comments:
11/07/13: Warning! EVR has erased yesterday's gain. More importantly today's move has created a bearish engulfing candlestick reversal pattern. Unfortunately the rally this morning was high enough to hit our suggested entry point to open bullish positions at $52.50. I am not suggesting new positions at this time. I would wait to see if EVR bounces from the $50.00 level before considering new trades.

current Position: Long EVR stock @ $52.50



HB Fuller Co. - FUL - close: 47.98 change: -0.54

Stop Loss: 47.40
Target(s): 49.75
Current Gain/Loss: + 3.9%

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:
11/07/13: I am urging caution here too. FUL produced a bearish session with a failed rally near its recent highs and a close below its 10-dma. I am adjusting our stop loss up to $47.40.

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

11/07/13 new stop loss @ 47.40
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: 53.90 change: -0.50

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:
11/07/13: HAL spiked to new two-year highs this morning. Unfortunately the rally didn't last and shares succumbed to the market's broad-based sell-off. I am not suggesting new positions at the moment.

current Position: long HAL stock @ $54.15

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

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



Consumer Staples ETF - XLP - close: 42.46 change: -0.63

Stop Loss: 41.65
Target(s): 47.50
Current Gain/Loss: - 0.7%

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:
11/07/13: XLP erased about three days of gains with today's -1.46% decline. Shares did close below what should have been short-term technical support at the 10-dma. There is a chance that the XLP is headed for the next level of what should be much stronger support near $42.00.

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: 36.09 change: -2.18

Stop Loss: 35.90
Target(s): 1st target @ 41.75, 2nd target @ 44.50
Current Gain/Loss: - 6.3%

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:
11/07/13: It was a painful day for YNDX. The stock was a serious underperformer today with a -5.69% decline and a reversal back towards the late October low. Today's move is a bearish breakdown below its simple 50-dma as well. It is possible that YNDX could bounce from the $36.00 level but we are suggesting an early exit immediately at the opening bell tomorrow.

Earlier Comments:
I want to caution you that this is an aggressive, higher-risk trade. YNDX can be a volatile stock.

*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

11/07/13 prepare to exit at the opening bell tomorrow.



BEARISH Play Updates

Teradata Corp. - TDC - close: 43.41 change: +0.43

Stop Loss: 47.05
Target(s): 37.00
Current Gain/Loss: + 0.0%

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:
11/07/13: TDC actually managed to buck the market's down trend today. Shares bounced with a +1.0% gain. Yet it looks like the rebound failed near its simple 10-dma intraday.

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

Adobe Systems - ADBE - close: 53.17 change: -1.71

Stop Loss: 53.40
Target(s): 58.50
Current Gain/Loss: - 0.2%

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:
11/07/13: Ouch! The market sell-off hit ADBE pretty hard and shares erased almost two weeks of gains with today's -3.1% decline. Our stop was hit at $53.40.

closed Position: long ADBE stock @ $53.50 exit $53.40 (-0.2%)

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

2014 Jan $55 call (ADBE1418a55) entry $1.95 exit $1.82 (- 6.6%)

11/07/13 stopped out
11/04/13 new stop loss @ 53.40
11/02/13 new stop loss @ 52.40

chart:



Krispy Kreme Doughnuts, Inc. - KKD - close: 24.75 change: -0.99

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

Current Gain/Loss: (+14.5%) 2nd half = +21.9%

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:
11/07/13: KKD has been a good trade for us. Shares almost hit our second exit target at $26.50 yesterday. Unfortunately the market's widespread sell-off today sparked some profit taking in KKD. Shares hit our stop loss at $24.75.

*small positions*

closed Position: Long KKD stock @ $20.30 exit $24.75 (+21.9%)

11/07/13 stopped out
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.

chart: