Editor's Note:
The NASDAQ and Russell 2000 underperformed the S&P 500 and the Dow Industrials. Yet overall the pullback on Tuesday was mild.

CLF hit our entry trigger.
FIVE and HAL were stopped out.


Current Portfolio:


BULLISH Play Updates

Anika Therapeutics - ANIK - close: 30.87 change: -0.13

Stop Loss: 29.75
Target(s): 38.00
Current Gain/Loss: - 3.7%

Entry on November 18 at $32.05
Listed on November 12, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 275 thousand
New Positions: see below

Comments:
11/19/13: ANIK is still hovering near its 10-dma. Shares kept pace with the -0.4% decline in the NASDAQ today. There is no change from my prior comments. More conservative traders may want to raise their stops. I am not suggesting new positions at this time.

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.

*small positions*

current Position: long ANIK stock @ $32.05



Bio-Reference Labs Inc. - BRLI - close: 35.86 change: -0.07

Stop Loss: 34.45
Target(s): 39.75
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 18, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 225 thousand
New Positions: Yes, see below

Comments:
11/19/13: Our new play on BRLI held up pretty well. Shares merely drifted sideways below short-term resistance at the $36.00 level. There is no change from my Monday night new play comments.

Earlier Comments:
The lack of participation in the market's decline should have bears worried. A breakout past $36.00 could spark some serious short covering. The most recent data listed short interest at 44% of the very small 24.4 million share float.

I am suggesting a trigger to open bullish positions at $36.25. If triggered our target is $39.75. More aggressive traders may want to aim higher. The Point & Figure chart for BRLI is bullish with a $49.00 target.

Trigger @ 36.25

Suggested Position: buy BRLI stock @ (trigger)

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

buy the Dec $35 call (BRLI1322L35)



CBOE holdings - CBOE - close: 51.36 change: +0.23

Stop Loss: 49.25
Target(s): 57.50
Current Gain/Loss: - 0.8%

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:
11/19/13: CBOE spent Tuesday's session churning sideways in a narrow range just above the $51.00 level. The stock ended on a bounce with a +0.4% gain. I am not suggesting new positions at this time.

current Position: long CBOE stock @ $51.75

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

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



Cliffs Natural Resources - CLF - close: 27.57 change: +0.07

Stop Loss: 25.85
Target(s): 34.00
Current Gain/Loss: -1.5%

Entry on November 19 at $28.00
Listed on November 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 9.2 million
New Positions: see below

Comments:
11/19/13: Our new play on CLF is now open. Shares displayed relative strength this morning with a sharp rally up to $28.23. Unfortunately the rally lost steam and CLF pared its gains to just +0.25%. Our trigger to launch bullish positions was hit at $28.00 early this morning. I would wait for a new rise above $28.00 before considering new positions.

Earlier Comments:
Our target is $34.00. More aggressive investors could aim higher. The Point & Figure chart for CLF is bullish with a $45.00 target.

If it possible that the $30.00 level could prove to be round-number resistance. Don't be surprised to see a pullback there.

current Position: long CLF stock @ $28.00

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

Long 2014 Jan $30 call (CLF1418a30) entry $1.20



Charles River Labs Intl. - CRL - close: 51.24 change: +0.14

Stop Loss: 49.40
Target(s): 55.00
Current Gain/Loss: - 0.5%

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:
11/19/13: Good news! There was no follow through on yesterday's bearish reversal pattern in CRL. Plus, shares outperformed the market with a +0.27% gain today. Yet I would remain cautious here. If the market continues to sink we could see CRL testing the $50.00 level soon.

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



Brinker Intl. Inc. - EAT - close: 45.81 change: +0.07

Stop Loss: 44.95
Target(s): 49.75
Current Gain/Loss: + 0.1%

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:
11/19/13: EAT broke down below technical support at its 10-dma this morning. Fortunately traders bought the dip and shares bounced back into positive territory. More conservative traders might want to adjust their stop closer to today's low ($45.14).

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*

11/18/13 new stop loss @ 44.95
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.



eHealth, Inc. - EHTH - close: 44.10 change: +0.44

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 427 thousand
New Positions: Yes, see below

Comments:
11/19/13: Lack of follow through on yesterday's sell off in EHTH is a good sign. Shares actually outperformed the major indices with a +1.0% gain today.

Currently I am suggesting a trigger to launch bullish positions at $46.25. More aggressive traders may want to launch positions now with a stop just below today's low instead.

We do want to keep our position size small to limit our risk.

Trigger @ 46.25

Suggested Position: buy EHTH stock @ (trigger)



Evercore Partners - EVR - close: 52.46 change: -0.35

Stop Loss: 51.40
Target(s): 59.00
Current Gain/Loss: - 0.1%

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:
11/19/13: Today's performance in EVR looked a lot like yesterday. The morning rally failed midday and shares accelerated lower into the close. I am raising our stop loss up to $51.40.

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

11/19/13 new stop loss @ 51.40



VeriSign, Inc. - VRSN - close: 55.49 change: -0.00

Stop Loss: 53.75
Target(s): 59.50
Current Gain/Loss: +0.4%

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:
11/19/13: VRSN spiked down this morning but traders bought the dip near the $55.00 level as expected. The stock eventually closed unchanged on the session.


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



Consumer Staples ETF - XLP - close: 43.04 change: -0.16

Stop Loss: 41.65
Target(s): 47.50
Current Gain/Loss: + 0.7%

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:
11/19/13: The XLP followed the market lower with a -0.35% decline. Technically today's drop confirms yesterday's bearish reversal candlestick pattern. I would not be surprised to see a pullback toward the $42.50 area.

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.



BEARISH Play Updates


None. We do not have any active bearish trades.



CLOSED BULLISH PLAYS

Five Below, Inc. - FIVE - close: 52.67 change: -1.66

Stop Loss: 51.45
Target(s): 58.50
Current Gain/Loss: - 1.5%

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:
11/19/13: Our FIVE trade has been stopped out. After yesterday's bearish reversal the sell off continued today with a -2.5% drop and a breakdown below short-term technical support at its 10-dma. Our stop was hit at $51.45.

closed Position: long FIVE stock @ $52.25 exit $51.45 (-1.5%)

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

DEC $55 call (FIVE1322L55) entry $1.91 exit $1.55 (-18.8%)

11/19/13 stopped out
11/16/13 new stop loss @ 51.45

chart:



Halliburton Co. - HAL - close: 53.76 change: -0.57

Stop Loss: 53.65
Target(s): 57.50
Current Gain/Loss: - 0.9%

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:
11/19/13: We see a similar story with our HAL trade. The stock reversed sharply yesterday and continued to sink today. Our stop was hit at $53.65.

closed Position: long HAL stock @ $54.15 exit $53.65 (-0.9%)

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

2014 Jan $55 call (HAL1418a55) entry $1.78 exit $1.37 (-23.0%)

11/19/13 stopped out
11/14/13 new stop loss @ 53.65
11/13/13 new stop loss @ 53.25

chart: