Editor's Note:
Traders should exercise caution tomorrow. The post-election drop continues but we're starting to see some oversold bounces. After a multi-day decline there could some short-covering ahead of the weekend. Do not be surprised to see bounce tomorrow.

Current Portfolio:


BULLISH Play Updates

Alaska Air Group - ALK - close: 40.88 change: +0.36

Stop Loss: 39.95
Target(s): 44.75
Current Gain/Loss: - 1.7%

Entry on November 13 at $41.60
Listed on November 12, 2012
Time Frame: 6 to 9 weeks
Average Daily Volume = 768 thousand
New Positions: see below

Comments:
11/15/12: ALK managed a bounce near $40.00 but I remain cautious on this stock. I am not suggesting new positions at this time.

Earlier Comments:
We do want to keep our position size small.

current Position: Long ALK stock @ $41.60



Ball Corp. - BLL - close: 43.24 change: +0.24

Stop Loss: 42.40
Target(s): 48.00
Current Gain/Loss: - 1.4%

Entry on November 06 at $43.85
Listed on November 3, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 687 thousand
New Positions: see below

Comments:
11/15/12: BLL also produced a bounce but the rebound stalled at short-term technical resistance at the simple 10-dma. I am not suggesting new positions at this time.

current Position: Long BLL stock @ $43.85

11/06/12 triggered @ 43.85



EXtra Space Storage - EXR - close: 34.61 change: -0.07

Stop Loss: 34.25
Target(s): 39.50
Current Gain/Loss: - 2.5%

Entry on November 08 at $35.50
Listed on November 7, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 700 thousand
New Positions: see below

Comments:
11/15/12: Hmmm... it was a volatile session for shares of EXR with multiple intraday swings. Traders did buy the dip near its 20-dma but EXR almost hit our stop loss at $34.25.

current Position: Long EXR stock @ $35.50



Georgia Gulf - GGC - close: 40.26 change: +0.51

Stop Loss: 39.40
Target(s): 44.90
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 13, 2012
Time Frame: 6 to 9 weeks
Average Daily Volume = 773 thousand
New Positions: Yes, see below

Comments:
11/15/12: GGC saw an intraday bounce of short-term technical support at its 10-dma. We are still waiting for a breakout higher.

I am suggesting a trigger to open bullish positions at $41.50. If triggered our target is $44.90. FYI: The Point & Figure chart for GGC is bullish with a quadruple top breakout buy signal and a long-term $73 target.

Trigger @ 41.50

Suggested Position: buy GGC stock @ (trigger)



McMoRan Exploration - MMR - close: 12.64 change: -0.06

Stop Loss: 11.90
Target(s): 15.00-16.00 zone
Current Gain/Loss: -5.0%

Entry on November 12 at $13.01
Listed on November 10, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.3 million
New Positions: see below

Comments:
11/15/12: I have been warning readers that MMR would likely test the $12.00 level soon. It's still headed that direction with a -2.2% decline today. No new positions at this time.

current Position: Long MMR stock @ $13.01



Taiwan Semiconductor - TSM - close: 16.05 chagne: +0.14

Stop Loss: 15.25
Target(s): 18.50
Current Gain/Loss: - 0.6%

Entry on November 13 at $16.15
Listed on November 10, 2012
Time Frame: 6 to 9 weeks
Average Daily Volume = 10.3 million
New Positions: see below

Comments:
11/15/12: Thursday was a relatively quiet day for TSM. That's good news for us since yesterday TSM looks pretty bearish. Shares merely drifted sideways today.

current Position: Long TSM stock @ $16.15

11/13/12 triggered @ 16.15
11/12/12 adjust trigger to $16.15



BEARISH Play Updates

Crocs, Inc. - CROX - close: 12.19 change: -0.01

Stop Loss: 13.05
Target(s): 10.25
Current Gain/Loss: + 1.7%

Entry on November 07 at $12.40
Listed on November 6, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.4 million
New Positions: see below

Comments:
11/15/12: Today marks the second time in a week that shares of CROX found support at the $12.00 level. I am not suggesting new positions at this time. More conservative traders may want to lower their stops toward $12.70ish. I am not suggesting new positions at this time.

Remember that we want to keep our position size small to limit our risk.

*Small Positions*

Suggested Position: short CROX stock @ $12.40

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

Long Dec $12 PUT (CROX1222x12) Entry $0.55

11/07/12 triggered @ $12.40



Hewlett-Packard - HPQ - close: 13.14 change: -0.00

Stop Loss: 14.05
Target(s): 11.50
Current Gain/Loss: + 5.8%

Entry on November 01 at $13.88
Listed on October 31, 2012
Time Frame: exit prior to the Nov. 20th earnings report
Average Daily Volume = 35.7 million
New Positions: see below

Comments:
11/15/12: HPQ tagged another new low this afternoon. I don't see any changes from my prior comments. Readers may want to lower their stop loss. We want to exit prior to the Nov. 20th earnings report.

current Position: Short HPQ stock @ $13.88

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

Long DEC $13 PUT (HPQ1222x13) Entry $0.47

11/14/12 new stop loss @ 14.05
11/12/12 new stop loss @ 14.15
11/07/12 HPQ has reversed lower with the market
11/06/12 HPQ is showing strength. Readers may want to exit early now!



Imperva Inc. - IMPV - close: 29.24 change: +0.10

Stop Loss: 31.05
Target(s): 25.50
Current Gain/Loss: + 1.2%

Entry on November 13 at $29.60
Listed on November 12, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 221 thousand
New Positions: see below

Comments:
11/15/12: Lack of follow through in IMPV's breakdown below $30.00 is a bit troubling. I am not suggesting new positions at this time.

Earlier Comments:
We want to keep our position size small because IMPV can be a volatile stock. Our target is $25.50. FYI: The Point & Figure chart for IMPV is bearish with a $25.00 target.

current Position: short IMPV stock @ $29.60



Netgear Inc. - NTGR - close: 33.50 change: -0.02

Stop Loss: 35.15
Target(s): 30.25
Current Gain/Loss: + 2.9%

Entry on November 07 at $34.50
Listed on November 3, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 381 thousand
New Positions: see below

Comments:
11/15/12: It was a quiet session for NTGR with the stock churning sideways. I am not suggesting new positions at this time.

current Position: short NTGR stock @ $34.50

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

Long DEC $33 PUT (NTGR1222x33) entry $1.00

11/14/12 new stop loss @ 35.15
11/13/12 caution, CSCO's earnings could have an impact on NTGR tomorrow
11/07/12 triggered @ 34.50



Teekay Offshore - TOO - close: 25.11 change: +0.36

Stop Loss: 26.30
Target(s): 1st target 24.05, 2nd target 22.50
Current Gain/Loss: + 2.5%

Entry on November 14 at $25.75
Listed on November 13, 2012
Time Frame: 8 to 12 weeks
Average Daily Volume = 279 thousand
New Positions: see below

Comments:
11/15/12: After such a big drop yesterday I am not surprised to see a bounce in TOO today. Shares did add +1.4%. Broken support near $26.00 should be new resistance.

Our first target is $24.05. Our second, longer-term target is $22.50.

current Position: short TOO stock @ $25.75

11/14/12 new stop loss @ 26.30



Vistaprint N.V. - VPRT - close: 29.20 change: +0.59

Stop Loss: 30.25
Target(s): 25.25
Current Gain/Loss: - 1.8%

Entry on November 15 at 28.68
Listed on November 14, 2012
Time Frame: 4 to 6 weeks
Average Daily Volume = 364 thousand
New Positions: see below

Comments:
11/15/12: VPRT saw a -4.0% drop yesterday. Today it recouped half that decline with a +2.0% bounce. Shares remain under broken support and what should be resistance near $30.00 so we can use today's rebound as a new bearish entry point or better yet wait for a bounce closer to the $30.00 mark instead.

Earlier Comments:
The plan was to keep our position size small.

current Position: short VPRT stock @ $28.68



CLOSED BEARISH PLAYS

Check Point Software - CHKP - close: 44.04 change: -0.19

Stop Loss: 45.15
Target(s): 40.65
Current Gain/Loss: - 0.9%

Entry on November 09 at $43.72
Listed on November 8, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 4.0 million
New Positions: see below

Comments:
11/15/12: CHKP has not been cooperating with us. The larger trend looks very bearish for the stock but shares are not falling in spite of a market-wide sell-off. We decided to exit positions at the open this morning. CHKP opened at $44.11.

closed Position: short CHKP stock @ $43.72 exit $44.11 (-0.9%)

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

DEC $43 PUT (CHKP1222x43) entry $1.45* exit $1.00 (-31.0%)

11/15/12 planned exit this morning.
11/14/12 prepare to exit tomorrow morning
11/12/12 adjust stop loss to $45.15
11/09/12 play opened on gap down at $43.72, trigger was $43.80
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart: