Editor's Note:
The big cap Dow Jones Industrial Average managed to close above the 16,000 mark for the first time in history today. The rest of the major U.S. indices also turned higher with a widespread rally on Thursday.

Prepare to exit our CLF trade tomorrow morning.


Current Portfolio:


BULLISH Play Updates

Anika Therapeutics - ANIK - close: 30.87 change: -0.35

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:
11/21/13: I am concerned about ANIK's lack of movement today. Shares underperformed the market during a widespread rally. If ANIK does not improve tomorrow we might drop it. More conservative traders may want to just exit early now at the opening bell tomorrow. 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

11/21/13 ANIK is not performing well. Traders may want to exit early now.



Bio-Reference Labs Inc. - BRLI - close: 37.04 change: +0.65

Stop Loss: 34.95
Target(s): 39.75
Current Gain/Loss: + 2.2%

Entry on November 20 at $36.25
Listed on November 18, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 225 thousand
New Positions: see below

Comments:
11/21/13: Not surprisingly shares of BRLI continues to rally, especially on a day the market is bouncing. Shares outperformed the major indices with a +1.78% gain. I am raising our stop loss to $34.95.

Earlier Comments:
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.

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.

current Position: long BRLI stock @ $36.25

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

Long Dec $35 call (BRLI1322L35) entry $2.30

11/21/13 new stop loss @ 34.95



CBOE holdings - CBOE - close: 54.14 change: +1.22

Stop Loss: 50.90
Target(s): 57.50
Current Gain/Loss: + 4.6%

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:
11/21/13: CBOE is racing higher with a +2.3% gain and another new high. I am raising our stop loss to $50.90.

current Position: long CBOE stock @ $51.75

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

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

11/21/13 new stop loss @ 50.90
11/20/13 new stop loss @ 49.95



Cliffs Natural Resources - CLF - close: 26.43 change: -0.80

Stop Loss: 25.85
Target(s): 34.00
Current Gain/Loss: -5.6%

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:
11/21/13: Some of the mining and resource names did not perform well today. CLF was definitely an underperformer with a -2.9% decline. Today's weakness may have been a reaction to news that CLF was closing plans on a chromite project.

I am suggesting we exit immediately at the opening bell tomorrow. More aggressive traders may want to give it another day and see if CLF can bounce from the $26.00 level instead.

current Position: long CLF stock @ $28.00

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

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

11/21/13 prepare to exit at the opening bell tomorrow



Charles River Labs Intl. - CRL - close: 51.56 change: +0.05

Stop Loss: 49.90
Target(s): 55.00
Current Gain/Loss: + 0.1%

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:
11/21/13: CRL is still bouncing but the rally today underperformed the rest of the market. The stock remains below resistance near $52.00. More conservative investors might want to raise their stop closer to the $50.75 level.

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

11/20/13 new stop loss @ 49.90



Brinker Intl. Inc. - EAT - close: 47.19 change: +1.08

Stop Loss: 45.40
Target(s): 49.75
Current Gain/Loss: + 3.1%

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:
11/21/13: EAT was a big winner today with a +2.3% gain and a new all-time high. I am raising our stop loss to $45.40.

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*

11/21/13 new stop loss @ 45.40
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: 44.76 change: +0.64

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:
11/21/13: The rally in EHTH stalled midday. Shares pared their gains by the close but still outperformed the market with a +1.45% advance.

Currently I am suggesting a trigger to launch bullish positions at $46.25. 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: 54.74 change: +2.08

Stop Loss: 51.90
Target(s): 59.00
Current Gain/Loss: + 4.3%

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:
11/21/13: It was a big day for EVR. The stock surged past resistance near $54.00 and outperformed the market with a +3.94% gain. This is a new all-time high. I didn't see any specific news to account for today's relative strength. We are raising the stop loss to $51.90.

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

11/21/13 new stop loss @ 51.90
11/19/13 new stop loss @ 51.40



Exterran Holdings, Inc. - EXH - close: 33.09 change: -0.15

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 0.8%

Entry on November 20 at $33.35
Listed on November 19, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 900 thousand
New Positions: see below

Comments:
11/21/13: It was a disappointing session for EXH. Shares tagged a new high but its strength faded midday. Nimble traders might want to try and launch positions on a dip near its rising 10-dma (currently near 32.60).

current Position: long EXH stock @ $33.35



VeriSign, Inc. - VRSN - close: 55.94 change: +0.66

Stop Loss: 53.75
Target(s): 59.50
Current Gain/Loss: +1.2%

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:
11/21/13: VRSN bounced from support near $55.00 but failed to breakout past short-term resistance near $56.00. That could change tomorrow if the market continues to rebound on Friday.


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: 42.94 change: +0.08

Stop Loss: 41.65
Target(s): 47.50
Current Gain/Loss: + 0.4%

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:
11/21/13: XLP delivered a relatively quiet session. Shares churned sideways between $42.75 and $43.00. I am not suggesting new positions at this time.

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

Atlas Air Worldwide - AAWW - close: 37.34 change: +0.91

Stop Loss: 38.05
Target(s): 31.00
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 20, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 500 thousand
New Positions: Yes, see below

Comments:
11/21/13: Hmm... there was no follow through on yesterday's sell off in AAWW. Instead shares managed to completely erased yesterday's drop. The big picture pattern is still bearish. Nimble traders may want to look for a failed rally near $38.00 as an alternative entry point for shorts. At the moment our plan is unchanged.

I am suggesting a trigger to launch bearish positions at $36.00. If triggered our target is $31.00. More aggressive investors may want to aim lower since the Point & Figure chart for AAWW is bearish with a $23.00 target.

Trigger @ $36.00

Suggested Position: short AAWW stock @ (trigger)

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

Buy the 2014 Feb $35 PUT (AAWW1422n35)