Editor's Note:

The U.S. stock market has been pushing higher in anticipation that the Federal Reserve will tell the market what it wants to hear. Let's hope Bernanke doesn't disappoint.

ADP, TFM, and TM all hit our entry triggers today.

I have adjusted some of our stop losses below.


Current Portfolio:


CALL Play Updates

Automatic Data Processing - ADP - close: 69.60 change: +0.90

Stop Loss: 67.00
Target(s): 74.00
Current Option Gain/Loss: - 3.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
06/18/13: The rebound in ADP continued and shares outperformed the market with a +1.3% gain. Shares broke through short-term resistance and hit our trigger to buy calls at $69.25.

Earlier Comments:
If triggered our target is $74.00 but that could be optimistic since ADP still has resistance at $72.00. We may need patience to give ADP time to hit our target.

- Suggested Positions -

Long Aug $70 call (ADP1317H70) entry $1.65

Entry on June 18 at $69.25
Average Daily Volume = 1.8 million
Listed on June 17, 2013


Colfax Corp. - CFX - close: 53.25 change: +0.65

Stop Loss: 50.90
Target(s): 55.00
Current Option Gain/Loss: +32.2%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
06/18/13: CFX also outperformed the market with a +1.2% gain and another new high. The 10-dma has risen to $51.21. I am raising our stop loss to $50.95.

- Suggested Positions -

long SEP $55 call (CFX1321i55) entry $1.55

06/18/13 new stop loss @ 50.90
06/15/13 new stop loss @ 49.80

Entry on June 10 at $51.05
Average Daily Volume = 1.29 million
Listed on June 04, 2013


Domino's Pizza - DPZ - close: 60.44 change: +0.89

Stop Loss: 58.75
Target(s): 64.75
Current Option Gain/Loss: -11.6%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
06/18/13: Good news! DPZ outperformed the market with a +1.49% gain and broke through short-term resistance near $60.25. The simple 20-dma has risen to $58.83. I am raising our stop loss to $58.75.

Earlier Comments:
I am suggesting that investors keep their position size small.

*Small Positions* - Suggested Positions -

Long Jul $60 call (DPZ1320G60) entry $2.15

06/18/13 new stop loss @ 58.75

Entry on June 04 at $60.30
Average Daily Volume = 733 thousand
Listed on May 30, 2013


DaVita Healthcare - DVA - close: 129.50 change: -0.66

Stop Loss: 127.95
Target(s): 134.00
Current Option Gain/Loss: +18.9%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
06/18/13: The stock market is up two days in a row and up three out of the last four sessions. Yet it looks like DVA is having trouble near the $130.00-131.00 area. More conservative traders may want to abandon ship and exit early now. We are raising the stop loss to $127.95. I am not suggesting new positions at this time.

Earlier Comments:
It is possible that the May highs near $131.25 could be overhead resistance but we're targeting a move to $134.00. FYI: The Point & Figure chart for DVA is bullish with a $141 target.

*small positions* - Suggested Positions -

Long Jul $135 call (DVA1320G135) entry $1.85

06/18/13 new stop loss @ 127.95

Entry on June 11 at $128.05
Average Daily Volume = 573 thousand
Listed on June 10, 2013


Rock-Tenn Company - RKT - close: 106.42 change: -0.63

Stop Loss: 103.45
Target(s): 114.00
Current Option Gain/Loss: - 9.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
06/18/13: After a three-day rally RKT hit some profit taking with a -0.58% decline today. Traders did buy the dip at $105.26. Broken resistance near $104.00 should also offer support.

Earlier Comments:
If triggered our target is $114.00. More nimble traders may want to consider trying to buy a dip near $104.50 since broken resistance near $104.00 should be new support.

- Suggested Positions -

Long Jul $110 call (RKT1320G110) entry $1.65

06/17/13 triggered on gap open higher at $106.45, trigger was $106.25
option opened lower at $1.65

Entry on June 17 at $106.45
Average Daily Volume = 594 thousand
Listed on June 15, 2013


The Fresh Market, Inc. - TFM - close: 52.74 change: +0.01

Stop Loss: 50.75
Target(s): 58.50
Current Option Gain/Loss: -16.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
06/18/13: TFM delivered a disappointing performance. Shares did rally this morning and hit an intraday high of $53.44. Our new trigger to buy calls at $53.10 was hit. Yet TFM pulled back and closed virtually unchanged on the session. That doesn't inspire confidence with the market's major indices pushing higher. Our trade is open but investors may want to wait for a new high above $53.50 before initiating new positions.

Remember, our new stop loss is $50.75 and our new target is $58.50.

Earlier Comments:
If this trend continues TFM could see more short covering. The most recent data listed short interest at 13.9% of the small 40 million share float. FYI: The Point & Figure chart for TFM is bullish with a long-term $85 target.

- Suggested Positions -

Long Jul $55 call (TFM1320G55) entry $1.25

06/18/13 triggered @ 53.10
06/17/13 adjust the entry strategy to buy calls when TFM hits $53.10
adjust the stop loss to $50.75, adjust the target to $58.50.
adjust the option strike to the July $55 call
06/13/13 adjust buy-the-dip trigger to $51.00 from $50.75

Entry on June -- at $---.--
Average Daily Volume = 741 thousand
Listed on June 11, 2013


Toyota Motor Co. - TM - close: 122.29 change: +1.91

Stop Loss: 118.25
Target(s): 130.00
Current Option Gain/Loss: -12.5%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
06/18/13: The bounce in TM continues. Shares gapped open higher at $122.44 and closed the session with a +1.5% gain. The open this morning was above our suggested entry trigger at $122.10 so our trade is now active.

Don't forget that TM tends to gap open, up or down, each day in reaction to trading back home in Japan, although lately TM has ignored the some of the volatility in the NIKKEI index.

- Suggested Positions -

Long Jul $125 call (TM1320G125) entry $3.43

06/18/13 trade opened on gap higher at $122.44. Trigger was $122.10

Entry on June 18 at $122.44
Average Daily Volume = 821 thousand
Listed on June 13, 2013


Whirlpool Corp. - WHR - close: 129.61 change: +0.33

Stop Loss: 124.75
Target(s): 132.00
Current Option Gain/Loss: +55.3%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
06/18/13: Hmm... WHR underperformed the market today. Shares dipped this morning but traders bought the dip near $128.00. WHR slowly faded higher the rest of the session. The stock's underperformance while the market was pushing higher is a bit concerning. More conservative traders may want to take profits immediately. I am raising our stop loss to $124.75.

- Suggested Positions -

Long Jul $125 call (WHR1320G125) entry $4.70

06/18/13 new stop loss @ 124.75, readers may want to take profits now
06/15/13 new stop loss @ 121.45
06/13/13 new stop loss @ 120.90
06/07/13 trade opened on gap higher at $123.49, trigger was 123.35

Entry on June 07 at $123.49
Average Daily Volume = 826 thousand
Listed on June 06, 2013


PUT Play Updates

Agrium Inc. - AGU - close: 89.53 change: +0.20

Stop Loss: 90.05
Target(s): 81.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Comments:
06/18/13: AGU tried to bounce but it struggled with short-term resistance near $90.00 and its 10-dma. There is no change from my earlier comments.

The May 2nd low was $87.92. I am suggesting a trigger to buy puts at $87.80. If triggered our target is $81.00.

FYI: AGU will begin trading ex-dividend on June 26th. The quarterly cash dividend should be 50 cents.

Trigger @ 87.80

- Suggested Positions -

Buy the Jul $85 PUT (AGU1320s85)

Entry on June -- at $---.--
Average Daily Volume = 744 thousand
Listed on June 15, 2013


eBay Inc. - EBAY - close: 52.57 change: +0.50

Stop Loss: 52.05
Target(s): 45.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Comments:
06/18/13: The rebound in EBAY continues. Today's close above its 200-dma is technically bullish. If this rally continues to tomorrow we are likely to drop EBAY as a bearish candidate. Currently we are suggesting investors wait for a breakdown below $50.00 and use an entry trigger at $49.85.

FYI: The Point & Figure chart for EBAY is bearish with a $44 target.

Trigger @ 49.85

- Suggested Positions -

Buy the Jul $50 PUT (EBAY1320s50)

Entry on June -- at $---.--
Average Daily Volume = 10.7 million
Listed on June 12, 2013


iShares Russell 2000 - IWM - close: 99.51 change: +1.16

Stop Loss: 100.65
Target(s): 93.50
Current Option Gain/Loss: -46.6%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
06/18/13: Uh-oh! Our bearish play on the IWM is in trouble. It looks like the Russell 2000 index, the S&P 500, and the NASDAQ composite have all broken out from their recent consolidation patterns. Honestly, today's move looks like a bullish entry point on these indices. However, it could be a trap with the FOMC meeting ending tomorrow afternoon. If the Fed or Bernanke does not say what the market wants to hear then recent gains will vanish as traders sell the news.

I am not suggesting new positions at this time.

*Small Positions* - Suggested Positions -

Long Jul $95 PUT (IWM1320S95) entry $1.80

06/13/13 conservative traders may want to exit ASAP. The IWM has produced what appears to be a bullish reversal pattern but it needs confirmation.

Entry on June 11 at $97.45
Average Daily Volume = 43 million
Listed on June 08, 2013



Longer-Term Play Updates



Chicago Bridge & Iron - CBI - close: 61.06 change: +1.14

Stop Loss: 53.75
Target(s): 74.50
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 months
New Positions: Yes, see below

Comments:
06/18/13: CBI continues to see a bounce from its 50-dma. The stock is now up four days in a row. Shares closed just below potential technical resistance at its 20-dma.

Currently we are on the sidelines with a buy-the-dip trigger at $56.50.

Earlier Comments:
Last time we added CBI we successfully caught the bounce from mid April back toward its March highs. You can read the background details and bullish fundamentals for CBI in our original play description here, since it still applies. Just scroll down to the "longer-term trades" section of the page.

Trigger @ 56.50 *Small Positions*

- Suggested Positions -

Buy the 2014 Jan $65 call (CBI1418A65)

06/15/13 entry strategy change: change the breakout trigger at $65.25 to a buy-the-dip trigger at $56.50. Adjust the stop loss to $53.75.
Adjust the option strike to the 2014 Jan. $65 call

Entry on June -- at $---.--
Average Daily Volume = 1.8 million
Listed on June 01, 2013