Editor's Note:
The S&P 500 index just marked its seventh weekly gain in a row. The Russell 2000 index and S&P 500 both hit new all-time highs.

CLF was closed as planned. We want to exit our ANIK trade on Monday.


Current Portfolio:


BULLISH Play Updates

Anika Therapeutics - ANIK - close: 30.39 change: -0.48

Stop Loss: 29.75
Target(s): 38.00
Current Gain/Loss: - 5.2%

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:
11/23/13: ANIK is not participating in the market rally. Last week's performance actually created a bearish engulfing candlestick reversal pattern on its weekly chart. Tonight we are suggesting an immediate exit on Monday morning to cut our losses.

*small positions*

current Position: long ANIK stock @ $32.05

11/23/13 prepare to exit on Monday morning
11/21/13 ANIK is not performing well. Traders may want to exit early now.

chart:



Bio-Reference Labs Inc. - BRLI - close: 36.93 change: -0.11

Stop Loss: 34.95
Target(s): 39.75
Current Gain/Loss: + 1.9%

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:
11/23/13: BRLI tagged another new high on Friday morning before paring its gains. Broken resistance near $36.00 should be new support. Traders could use a dip near $36 as a new bullish entry point.

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

chart:



CBOE holdings - CBOE - close: 54.53 change: +0.39

Stop Loss: 50.90
Target(s): 57.50
Current Gain/Loss: + 5.4%

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:
11/23/13: CBOE displayed a lot of relative strength last week with a surge past resistance near $52.00 and a rally to new all-time highs. The stock is now up three weeks in a row and up eight out of the last nine weeks. I am not suggesting new positions at this time.

NOTE: Our call option is up more than +60%. Option traders may want to take some money off the table.

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

chart:



Comerica Inc. - CMA - close: 45.59 change: +0.30

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: Yes, see below

Comments:
11/23/13: The breakout in CMA continues. Traders bought the dip in CMA on Friday morning and shares bounced to a new relative high. Our trigger to launch bullish positions has not been hit yet at $45.65. Odds are good we will see CMA hit that trigger on Monday morning.

Trigger @ 45.65

Suggested Position: buy CMA stock @ (trigger)

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

Buy the 2014 Jan $45 call (CMA1418a45) current ask $1.65

chart:



Charles River Labs Intl. - CRL - close: 52.11 change: +0.55

Stop Loss: 49.90
Target(s): 55.00
Current Gain/Loss: + 1.2%

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:
11/23/13: CRL continues to push higher. The stock is up four days in a row. Friday's session left shares trying to breakout past the $52 level. 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

chart:



Brinker Intl. Inc. - EAT - close: 47.37 change: +0.18

Stop Loss: 45.75
Target(s): 49.75
Current Gain/Loss: + 3.5%

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:
11/23/13: EAT has been showing relative strength the last few days. The stock broke down below short-term technical support at its 10-dma on Tuesday but traders jumped in to buy the dip. EAT has been up every day since. Just like the S&P 500, shares of EAT have extended their gains to seven weeks in a row.

Tonight we are raising our stop loss to $45.75 (breakeven).

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*

11/23/13 new stop loss @ 45.75
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.

chart:



eHealth, Inc. - EHTH - close: 44.99 change: +0.23

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:
11/23/13: EHTH delivered a relatively quiet weeks. The stock slowly drifted higher as shares hugged their rising 10-dma. We are still waiting for a bullish breakout to new highs.

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)

chart:



Evercore Partners - EVR - close: 54.49 change: -0.25

Stop Loss: 51.90
Target(s): 59.00
Current Gain/Loss: + 3.8%

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:
11/23/13: EVR saw a big rally on Thursday and shares spent Friday's session in a sideways move digesting its prior gains. I am not suggesting new positions at this time.

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

chart:



Exterran Holdings, Inc. - EXH - close: 33.10 change: +0.01

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 0.7%

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:
11/23/13: EXH underperformed the major indices on Friday to close virtually unchanged on the session. Yet the intraday action was more encouraging. Traders bought the dip twice near its rising 10-dma (around $32.75). I would be tempted to launch new positions on a rise past $33.25 again.

current Position: long EXH stock @ $33.35

chart:



VeriSign, Inc. - VRSN - close: 56.72 change: +0.78

Stop Loss: 54.40
Target(s): 59.50
Current Gain/Loss: +2.7%

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:
11/23/13: VRSN continues to stair-step higher. After consolidating sideways below the $56.00 level the last few days the stock shot higher on Friday. This is a new multi-year high for the stock. I am raising our stop loss to $54.40.


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

11/23/13 new stop loss @ 54.40

chart:



Consumer Staples ETF - XLP - close: 43.16 change: +0.23

Stop Loss: 41.65
Target(s): 47.50
Current Gain/Loss: + 1.0%

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:
11/23/13: The XLP snapped a six-week winning streak with a minor loss last week. Fortunately the overall trend remains bullish. Traders bought the dip near the XLP's rising 20-dma. I am raising our stop loss up to $41.95. More conservative traders may want to raise theirs higher. 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.

chart:



BEARISH Play Updates

Atlas Air Worldwide - AAWW - close: 36.40 change: -0.94

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:
11/23/13: It's been a choppy week for shares of AAWW. There was no follow through on Thursday's bounce. The stock failed on Friday morning and completely erased Thursday's rebound. This is good news for the bears. 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)

chart:




CLOSED BULLISH PLAYS

Cliffs Natural Resources - CLF - close: 26.04 change: -0.39

Stop Loss: 25.85
Target(s): 34.00
Current Gain/Loss: -7.7%

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:
11/23/13: CLF has not been participating in the market's rally. On Thursday night we decided the best move was to exit immediately on Friday morning. It looks like we were not the only ones. Shares of CLF gapped down on Friday at $25.84 and eventually pierced its 30-dma before trimming its losses.

closed Position: long CLF stock @ $28.00 exit $25.84 (-7.7%)

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

2014 Jan $30 call (CLF1418a30) entry $1.20 exit $0.53 (-55.8%)

11/22/13 planned exit at the open. CLF gapped down at $25.84
11/21/13 prepare to exit at the opening bell tomorrow

chart: