Editor's Note:
Stocks produced a big bounce on Friday as the market digested a better than expected jobs number.

YNDX was closed on Friday morning as planned.


Current Portfolio:


BULLISH Play Updates

Colgate-Palmolive Co. - CL - close: 64.83 change: +0.03

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:
11/09/13: CL gained three cents on Friday but that doesn't tell the whole story. Friday morning saw a spike down toward $64.00 but traders bought the dip. More aggressive traders might want to consider buying the intraday bounce and using a stop below Friday's low. I am suggesting investors stick to our original plan and wait for a breakout over resistance near $66.00. 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)

chart:



Brinker Intl. Inc. - EAT - close: 45.94 change: +1.16

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: + 0.4%

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:
11/09/13: EAT garnered some bullish analyst comments on Friday. This may have helped boost the stock's rebound. Thankfully there was no follow through on Thursday's sell off. Shares instead outperformed the major indices with a +2.59% gain and a new closing high. EAT has extended its gains to five up weeks in a row. More conservative investors may want to consider raising their stop closer to the 10-dma.

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.

chart:



Evercore Partners - EVR - close: 52.27 change: +1.47

Stop Loss: 49.95
Target(s): 59.00
Current Gain/Loss: - 0.4%

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:
11/09/13: Financial stocks were some of the market's best performers on Friday. Shares of EVR lost -1.46 on Thursday and then completely reversed that loss with a +1.47 gain on Friday. Readers may want to wait for a new rally past $52.50 or a rally past Thursday's intraday high at $52.78 before initiating new positions.

Our multi-week target is $59.00. More aggressive investors could aim higher since the Point & Figure chart for EVR is bullish with a $69 target.

current Position: Long EVR stock @ $52.50

chart:



HB Fuller Co. - FUL - close: 48.25 change: +0.27

Stop Loss: 47.65
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:
11/09/13: FUL didn't see any follow through on Thursday's decline either. Yet shares underperformed the broader averages on Friday with a +0.5% bounce versus the +1.3% gain for the S&P 500. That's a bit worrisome. Tonight we are raising our stop loss to $47.65.

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

11/09/13 new stop loss @ 47.65
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

chart:



Halliburton Co. - HAL - close: 55.32 change: +1.42

Stop Loss: 52.40
Target(s): 57.50
Current Gain/Loss: + 2.2%

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:
11/09/13: HAL displayed some relative strength on Friday. The stock shot higher at the opening bell and closed with a +2.6% gain. This is a new two-year closing high for the stock.

Currently our target is $57.50 but we're debating whether to raise that target to $59.50. 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

chart:



Consumer Staples ETF - XLP - close: 42.67 change: +0.21

Stop Loss: 41.65
Target(s): 47.50
Current Gain/Loss: - 0.2%

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:
11/09/13: The XLP hit new lows for the week by 10:00 a.m. on Friday morning. That proved to be the bottom for the session. The XLP reversed and ended up +0.49% by the closing bell. You will notice on the daily chart that the XLP bounced near its summer highs. If you're looking for an entry point then Friday's bounce could qualify.

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.

chart:



BEARISH Play Updates

International Paper Co. - IP - close: 43.96 change: +0.86

Stop Loss: 44.10
Target(s): 37.50
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 07, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 4.1 million
New Positions: Yes, see below

Comments:
11/09/13: After a three-day decline shares of IP bounced thanks to a widespread market rebound. The stock was at support near $43.00 so I'm not surprised to see a bounce. We wanted to catch a breakdown below support. The question is will the bounce in IP continue? Shares paused at short-term resistance near $44.00. If we see this stock continue to rally on Monday we will likely drop it as a candidate. For the moment our plan is unchanged.

I am suggesting a trigger to launch bearish positions at $42.80. If we are triggered at $42.80 our target is $37.50. However, the $40.00 level could be round-number support. More conservative investors might want to exit near $40 instead. FYI: The Point & Figure chart for IP is bearish with a $36.00 target.

Trigger @ 42.80

Suggested Position: short IP stock @ (trigger)

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

Buy the DEC $42 PUT (IP1322x42)

chart:



Teradata Corp. - TDC - close: 43.50 change: +0.09

Stop Loss: 47.05
Target(s): 37.00
Current Gain/Loss: - 0.2%

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:
11/09/13: TDC is still bouncing and now up three days in a row. Yet the stock did underperform the market on Friday. TDC only added +0.2% versus a +1.3% gain for the S&P 500. Nimble traders could look for a failed rally near $44.00 and its 10-dma as a new entry point for bearish positions. More conservative investors may want to lower their stops.

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

chart:



CLOSED BULLISH PLAYS

Yandex N.V. - YNDX - close: 36.35 change: +0.26

Stop Loss: 35.90
Target(s): 1st target @ 41.75, 2nd target @ 44.50
Current Gain/Loss: - 6.2%

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:
11/09/13: YNDX's underperformance on Thursday was very disappointing. We decided in Thursday's newsletter that we wanted to exit on Friday morning. Shares opened at $36.12, briefly traded below $36.00, and then bounced.

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

*small positions*

closed Position: Long YNDX stock @ $38.50 exit $36.12 (-6.2%)

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

2014 Jan $40 call (YNDX1418a40) entry $1.75 exit $0.90 (-48.5%)

11/08/13 planned exit
11/07/13 prepare to exit at the opening bell tomorrow.

chart: