Current Portfolio:


BULLISH Play Updates

AutoNation Inc. - AN - close: 36.24 change: -0.68

Stop Loss: 34.75
Target(s): 39.50
Current Gain/Loss: + 5.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/06 update: I am urging caution on AN. Readers may want to exit early. The combination of yesterday's intraday pull back from its highs and today's under performance (-1.8%) has created what might be considered a bearish reversal pattern. Traders might want to lock in gains now. If the market does pull back I would expect a dip toward $35.00.

I am not suggesting new positions at this time.

Earlier Comments:
Our multi-week target is $39.50. More conservative traders may want to exit in the $37.75 region instead.

current Position: Long AN stock @ $34.45

- or -

Long Jan $35 call (AN1221A35) Entry $1.95

12/03/11 new stop loss @ 34.75
11/30/11 new stop loss @ 33.45

Entry on November 22 at $34.45
Earnings Date 02/02/12 (unconfirmed)
Average Daily Volume = 1.3 million
Listed on November 21, 2011


Activision Blizzard, Inc. - ATVI - close: 12.38 change: -0.06

Stop Loss: 11.59
Target(s): 13.45
Current Gain/Loss: + 0.6%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
12/06 update: ATVI is still consolidating sideways under resistance near the $12.50 level. Once again this stock might be poised for a pull back toward the $12.20-12.00 zone. I'd wait for the dip or a bounce near that area before considering new positions.

current Position: Long ATVI stock @ $12.30

- or -

Long FEB $13 call (ATVI1218B13) Entry $0.42

11/30/11 trade open. ATVI gaps higher at $12.30
11/29/11 ATVI gapped open lower. Trade not open yet.

Entry on November 30 at $12.30
Earnings Date 02/09/12 (unconfirmed)
Average Daily Volume = 14.9 million
Listed on November 28, 2011


Brocade Communications - BRCD - close: 5.55 change: +0.05

Stop Loss: 4.98
Target(s): 6.45
Current Gain/Loss: + 5.7%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
12/06 update: BRCD continues to inch higher. Yesterday's breakout is bullish but I would not open new positions here. Readers may want to wait for a new bounce in the $5.25-5.20 zone before considering a new entry point.

Earlier Comments:
Keep in mind that the simple 200-dma near $5.40 could still be technical resistance. I expect this trade to take many weeks to play out but we're aiming for $6.75. We'll make adjustments to our exit strategy as needed.

current Position: Long BRCD stock @ $5.25

- or -

Long 2012JAN $5.50 call (BRCD1221A5.5) Entry $0.37

12/05/11 new stop loss @ 4.98
12/03/11 new stop loss @ 4.84

Entry on November 28 at $5.25
Earnings Date 02/16/12 (unconfirmed)
Average Daily Volume = 8.6 million
Listed on November 26, 2011


Expedia Inc. - EXPE - close: 28.81 change: -0.11

Stop Loss: 27.90
Target(s): 32.00
Current Gain/Loss: - 0.6%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
12/06 update: Our new trade on EXPE is now open. Both the S&P 500 and EXPE opened positive this morning. Unfortunately shares of EXPE struggled with the $29.00 level the entire session. If the stock market sees a pull back then I would look for EXPE to dip toward its 100-dma or the $28.00 level. More conservative traders could wait for such a dip.

(Small Positions)

current Position: long EXPE stock @ $29.00

- or -

Long 2012Jan $30 call (EXPE1221A30) Entry 0.95

Entry on December 06 at $29.00
Earnings Date 02/09/12 (unconfirmed)
Average Daily Volume = 3.7 million
Listed on December 05, 2011


iShares Gold ETF - IAU - close: 16.87 change: +0.09

Stop Loss: 16.85
Target(s): 19.75*
Current Gain/Loss: unopened
Time Frame: 6 to 9 weeks or more
New Positions: Yes, see below

Comments:
12/06 update: Gold and commodities were weak this morning but gold managed a bounce. The IAU rebounded off its simple 50-dma. I don't see any changes from my weekend comments.

We are suggesting a trigger for small bullish positions at $17.25. If triggered at $17.25 we'll set our multi-week target at $19.75. The 2011 highs near $18.50 could definitely prove to be resistance. We want to keep our position size small.

Trigger @ 17.25

Suggested Position: buy the IAU @ 17.25

- or -

buy the April $18 call (IAU1221D18)

*final exit price will be adjusted as the trade progresses.

Entry on December xx at $ xx.xx
Earnings Date --/--/--
Average Daily Volume = 5.0 million
Listed on December 03, 2011


Ipath Copper ETN - JJC - close: 46.11 change: +0.41

Stop Loss: 44.75
Target(s): 48.90
Current Gain/Loss: + 1.8%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
12/06 update: Traders quickly bought the dip in JJC this morning and this ETF outperformed with a +0.89% gain. Shares remain inside the $45-47 trading range. I am not suggesting new positions at this time.

current Position: Long JJC (ETF) @ $45.30

- or -

Long JAN $45 call (JJC1221A45) Entry $3.30

12/03/11 new stop loss @ 44.75
11/30/11 JJC gaps higher at $45.30. Adjusting stop loss to $42.90 and moving exit target to $48.90.

Entry on November 30 at $45.30
Earnings Date --/--/-- (unconfirmed)
Average Daily Volume = 148 thousand
Listed on November 29, 2011


Kodiak Oil & Gas - KOG - close: 9.04 change: -0.05

Stop Loss: 8.20
Target(s): 9.45
Current Gain/Loss: +20.3%
Time Frame: two to three months
New Positions: see below

Comments:
12/06 update: KOG recovered off its morning lows near $8.83 but shares still posted a loss. The stock continues to look overbought here. Yesterday we raised our stop loss to $8.20. More conservative traders may want to go ahead and lock in a gain now (+20.3%) or raise their stop loss closer to the $8.50 level.

We are not suggesting new positions at this time.

current Position: Long the stock @ 7.51

12/05 KOG gapped higher at $9.13. Exit on the March $7.50 calls at $2.15 (+72%)
12/05 new stop loss @ 8.20
12/03 plan to exit our March $7.50 calls @ Monday's open (currently +60%)
12/01 Readers may want to exit now to lock in a gain (+18.3%). I am adjusting our exit target to $9.45
11/30 new stop loss @ 7.75
11/28 new stop loss @ 7.49
11/23 new stop loss @ 7.38
11/15 gap down at 7.41 and hit 7.21 before bouncing.
11/14 new stop loss @ 7.20
11/14 KOG announces plans to sell an additional 37.5 million shares of new stock
11/08 trade opened at $7.51.

Entry on November 08 at $ 7.51
Earnings Date 03/05/12 (unconfirmed)
Average Daily Volume = 6.6 million
Listed on November 5, 2011


NVIDIA Corp. - NVDA - close: 15.26 change: -0.22

Stop Loss: 14.75
Target(s): 19.50
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks, or more
New Positions: Yes, see below

Comments:
12/06 update: NVDA is still retreating after yesterday's failed rally at resistance. I don't see any changes from my prior comments. Nimble traders might want to consider buying a dip near $15.00 with a tight stop loss. The newsletter is suggesting a trigger at $16.30 to open small bullish positions on NVDA. We want to keep our position size small because NVDA can be a volatile stock.

Trigger @ 16.30 (small positions)

Suggested Position: buy NVDA stock @ 16.30

- or -

buy the 2012Jan $17.50 call (NVDA1221A17.5)

Entry on December xx at $ xx.xx
Earnings Date 02/16/12 (unconfirmed)
Average Daily Volume = 18.5 million
Listed on December 03, 2011


BEARISH Play Updates

Broadcom Corp. - BRCM - close: 30.10 change: -0.32

Stop Loss: 31.55
Target(s): 26.00
Current Gain/Loss: + 1.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/06 update: BRCM's early morning gains couldn't get any traction and the stock faded lower throughout the session. I would still consider new positions now but more conservative traders may want to wait for a drop under $29.85 before initiating positions.

Our target is $26.00 although more aggressive traders could aim lower. FYI: The Point & Figure chart for BRCM is bearish with a $21.00 target.

Suggested Position: short BRCM stock @ $30.53

- or -

Long 2012Jan $28 PUT (BRCM1221M28) Entry $0.88

12/05/11 BRCM gapped open higher at $30.53.

Entry on December 05 at $ 30.53
Earnings Date --/--/-- (unconfirmed)
Average Daily Volume = 8.2 million
Listed on December 03, 2011


AT&T Inc. - T - close: 29.17 change: +0.02

Stop Loss: 30.05
Target(s): 24.25 or 22.75
Current Gain/Loss: unopened
Time Frame: 6 to 9 weeks or more
New Positions: Yes, see below

Comments:
12/06 update: AT&T rebounded off its morning lows near $29.00 but struggled to make any progress. There is no change from my weekend comments.

Our new trigger to open bearish positions is at $29.40 and we'll use a stop loss at $30.05.

Trigger @ $29.40

Suggested Position: short T stock @ 29.40

- or -

buy the 2012Jan $27.50 PUT (T1221M27.5)

- or -

buy the Mar $26 PUT (T1217O26)

Entry on November xx at $ xx.xx
Earnings Date 01/26/12 (unconfirmed)
Average Daily Volume = 23.4 million
Listed on November 26, 2011


CLOSED BULLISH PLAYS

MAKO Surgical - MAKO - close: 27.47 change: -1.13

Stop Loss: 27.90
Target(s): 37.50
Current Gain/Loss: - 9.2%
Time Frame: 6 to 9 weeks
New Positions: see below

Comments:
12/06 update: MAKO has continued to underperform. Shares broke down under support at the $28.00 level and hit our stop loss (27.90). Shares now look poised to hit new relative lows.

Our loss (-9.2%) was compounded by our entry on MAKO's gap open higher on Dec. 2nd.

closed Position: Long MAKO stock @ 30.73, exit $27.90 (-

- or -

2012Jan $35 call (MAKO1221A35) Entry $1.00 exit $0.45 (-55.0%)

12/06/11 stopped out at $27.90
12/05/11 MAKO is underperforming. Readers may want to exit early
12/02/11 MAKO gapped higher at $30.73. Trigger was 30.55.

chart:

Entry on December 02 at $30.73
Earnings Date 03/01/12 (unconfirmed)
Average Daily Volume = 1.1 million
Listed on December 01, 2011