Editor's Note:
The stock market's major indices continue to rally and the S&P 500 hit a string of new record highs. The Russell 2000 index is lagging but the trend is still up.

FUL hit our target. STX has been removed.


Current Portfolio:


BULLISH Play Updates

Anika Therapeutics - ANIK - close: 31.25 change: +0.43

Stop Loss: 29.75
Target(s): 38.00
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 12, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 275 thousand
New Positions: Yes, see below

Comments:
11/16/13: ANIK displayed some relative strength on Friday with a +1.39% gain. Shares seem to be coiling between short-term support at its 10-dma and resistance near $32.00. We'll give ANIK another day or two to breakout higher or we'll drop it.

Currently we are suggesting a trigger to launch positions at $32.05. If triggered our target is $38.00.

Earlier Comments:
I do consider biotech stocks to be higher-risk, more aggressive trades. We never know when a headline about some clinical trial or FDA approval process could spark a big gap down or gap higher in the stock. I am suggesting small positions to limit our risk.

Trigger @ 32.05 *small positions*

Suggested Position: buy ANIK stock @ (trigger)

chart:



CBOE holdings - CBOE - close: 51.58 change: +1.04

Stop Loss: 49.25
Target(s): 57.50
Current Gain/Loss: - 0.3%

Entry on November 11 at $51.75
Listed on November 09, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 530 thousand
New Positions: see below

Comments:
11/16/13: CBOE was also showing some relative strength on Friday. Shares outperformed the major indices with a +2.0% gain as traders bought the dip near its 10-dma again. I would be tempted to launch positions here or traders could wait for a rise past $52.00 as an alternative entry point.

current Position: long CBOE stock @ $51.75

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

Long 2014 Jan $50 call (CBOE1418a50) entry $2.85

chart:



Charles River Labs Intl. - CRL - close: 51.73 change: +0.08

Stop Loss: 49.40
Target(s): 55.00
Current Gain/Loss: + 0.3%

Entry on November 14 at $51.50
Listed on November 13, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 418 thousand
New Positions: see below

Comments:
11/16/13: CRL eked out a small gain on Friday marking its sixth daily gain in a row. Shares are now up five weeks in a row. While I would still consider new positions now readers might want to consider buying dips near the $51.00 area.

Our plan was to keep our position size small to limit our risk. FYI: The Point & Figure chart for CRL is bullish with a $58.00 target.

*small positions*

current Position: long CRL stock @ $51.50

chart:



Brinker Intl. Inc. - EAT - close: 46.01 change: +0.09

Stop Loss: 44.75
Target(s): 49.75
Current Gain/Loss: + 0.6%

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:
11/16/13: EAT spent most of last week consolidating sideways between the $46 level and short-term support at its rising 10-dma. The trend of higher lows would suggest a breakout higher soon but it's not a guarantee. Traders may want to wait for a new high above $46.30 before initiating 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*

11/13/13 new stop loss @ 44.75
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:



Evercore Partners - EVR - close: 52.61 change: -0.01

Stop Loss: 49.95
Target(s): 59.00
Current Gain/Loss: + 0.2%

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:
11/16/13: EVR has been struggling with resistance near the $53.00 level the last few days. More conservative traders might want to wait for a rally past $53.00 before initiating 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:



Five Below, Inc. - FIVE - close: 54.33 change: +0.89

Stop Loss: 51.45
Target(s): 58.50
Current Gain/Loss: + 4.0%

Entry on November 12 at $52.25
Listed on November 11, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 694 thousand
New Positions: see below

Comments:
11/16/13: After bouncing along short-term technical support at its 10-dma all week shares of FIVE eventually surged to new highs. Shares outperformed the broader market with a +1.6% gain on Friday. I am raising our stop loss to $51.45.

Earlier Comments:
There are plenty of investors who believe FIVE's valuation is too rich. That has led to a rise in short interest. The most recent data listed short interest at 19% of the 46.6 million share float. If FIVE continues to rally it could see a lot more short covering. The recent breakout past round-number resistance at $50.00 should have the bears in a panic. The Point & Figure chart for FIVE is bullish with a $68.00 target.

current Position: long FIVE stock @ $52.25

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

Long DEC $55 call (FIVE1322L55) entry $1.91

11/16/13 new stop loss @ 51.45

chart:



Halliburton Co. - HAL - close: 56.26 change: +0.72

Stop Loss: 53.65
Target(s): 57.50
Current Gain/Loss: + 3.8%

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:
11/16/13: On Friday there were new headlines regarding HAL. The U.S. Supreme Court has agreed to look at a securities class action cash against HAL. The stock did not seem to react to the news. Traders were buying the afternoon dip. I am not suggesting new positions at this time.

Earlier Comments:
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

11/14/13 new stop loss @ 53.65
11/13/13 new stop loss @ 53.25

chart:



VeriSign, Inc. - VRSN - close: 55.65 change: -0.16

Stop Loss: 53.75
Target(s): 59.50
Current Gain/Loss: +0.7%

Entry on November 14 at $55.25
Listed on November 13, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.1 million
New Positions: see below

Comments:
11/16/13: VRSN tagged another new multi-year high on Friday before succumbing to some profit taking. A little pullback isn't a surprise after such a strong week. Broken resistance near $55.00 should be new support and investors could look for a dip near $55 as a new entry point.


FYI: The Point & Figure chart for VRSN is bullish with a long-term $76.00 target.

current Position: long VRSN stock @ $55.25

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

Long 2014 Jan $55 call (VRSN1418a55) entry $2.01

chart:



Consumer Staples ETF - XLP - close: 43.33 change: +0.05

Stop Loss: 41.65
Target(s): 47.50
Current Gain/Loss: + 1.4%

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:
11/16/13: It was another strong week for the XLP. This ETF broke out to new record highs. Shares are not up six weeks in a row. I am adjusting our stop loss up to $41.95. More conservative investors may want to consider a stop closer to the simple 20-dma instead.

current Position: long the XLP @ $42.75

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

Long 2014 Jan $43 call (XLP1418a43) entry $0.71*

11/16/13 new stop loss @ 41.95
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


None. We do not have any active bearish trades.



CLOSED BULLISH PLAYS

HB Fuller Co. - FUL - close: 49.83 change: +0.33

Stop Loss: 47.65
Target(s): 49.75
Current Gain/Loss: + 7.7%

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:
11/16/13: Target achieved. Our patience paid off. FUL finally hit our suggested exit target at $49.75.

closed Position: long FUL stock @ $46.20 exit $49.75 (+7.7%)

11/15/13 target hit
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:



Seagate Technology - STX - close: 48.94 change: -1.17

Stop Loss: 47.95
Target(s): 57.50 or top of its channel.
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 14, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.3 million
New Positions: see below

Comments:
11/16/13: Ouch! What happened to STX on Friday. Shares of STX and its rival WDC both underperformed the market on Friday. STX came close to erasing Thursday's gains. Our trade has not opened yet. Given Friday's relative weakness we are removing STX as a candidate. I would keep the stock on your watch list for a breakout past $50.75.

Trade did not open.

11/16/13 removed from the newsletter. trigger was $50.70

chart: