Editor's Note:
Early stock market gains faded as stocks slowly drifted lower on Monday afternoon.

ANIK was closed. EHTH has been removed.
CMA and GENT were both triggered.


Current Portfolio:


BULLISH Play Updates

Bio-Reference Labs Inc. - BRLI - close: 37.30 change: +0.37

Stop Loss: 34.95
Target(s): 39.75
Current Gain/Loss: + 2.9%

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:
11/25/13: BRLI rebounded from its late morning lows. Shares look poised to hit new highs. More conservative traders might want to start adjusting the stop loss higher.

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: 53.80 change: -0.73

Stop Loss: 50.90
Target(s): 57.50
Current Gain/Loss: + 4.0%

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:
11/25/13: CBOE hit some profit taking today. After last week's big surge higher I'm not surprised to see a pullback. Shares slipped -1.3%. What is surprising is today's bearish engulfing candlestick reversal pattern. We can watch for short-term support near $52.00.

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



Comerica Inc. - CMA - close: 45.69 change: +0.10

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 0.2%

Entry on November 25 at $45.76
Listed on November 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: see below

Comments:
11/25/13: Our plan was to launch bullish positions at $45.65. Shares of CMA gapped open higher at $45.76 this morning. Shares struggled with the $46.00 level and eventually pared their gains. Nimble traders may want to consider buying a dip near the $45.25-45.00 zone.

current Position: Long CMA stock @ $45.76

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

Long 2014 Jan $45 call (CMA1418a45) entry $1.72*

11/25/13 trade opened on gap higher at $45.76. suggested trigger was $45.65
*option entry price is an estimate since the option did not trade at the time our play was opened.



Charles River Labs Intl. - CRL - close: 52.45 change: +0.34

Stop Loss: 49.90
Target(s): 55.00
Current Gain/Loss: + 1.8%

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:
11/25/13: The rally in CRL continues with another new relative high on Monday. 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: 47.26 change: -0.11

Stop Loss: 45.75
Target(s): 49.75
Current Gain/Loss: + 3.3%

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:
11/25/13: EAT served up a quiet session on Monday. If the pullback continues we can watch for support near $46.00.

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.



Evercore Partners - EVR - close: 55.18 change: +0.69

Stop Loss: 51.90
Target(s): 59.00
Current Gain/Loss: + 5.1%

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:
11/25/13: EVR displayed some relative strength with a +1.25% gain today. Today's move is also a bullish breakout above recent resistance at the $55.00 mark.

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: 32.75 change: -0.35

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 1.8%

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:
11/25/13: EXH spent most of the day testing short-term technical support at its 10-dma. It looks like EXH is going to breakdown below this moving average soon and that would suggest a potential dip toward $32.00. I am not suggesting new positions at this time.

current Position: long EXH stock @ $33.35



Gentium S.p.A. - GENT - close: 50.96 change: +0.02

Stop Loss: 49.40
Target(s): 59.00
Current Gain/Loss: - 2.0%

Entry on November 25 at $52.00
Listed on November 23, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 235 thousand
New Positions: see below

Comments:
11/25/13: Our brand new trade on GENT has been triggered. The stock gapped open higher at $51.50 and surged to $53.00 before succumbing to profit taking. Our suggested entry point was hit at $52.00. GENT did gave back nearly all of its gains, which is actually short-term bearish. I am suggesting traders wait for a new rise above $52.00 before considering new positions. Remember this is an aggressive trade.

Earlier Comments:
Regular readers know that I label most biotech stocks as higher-risk, more aggressive trades. We never know when a headline might surface about some approval process or clinical trial that could send the stock gapping lower (or higher). The stock has been volatile this past month. That might be a reflection of GENT's very small float of only 9.23 million shares. We want to keep our position size small to limit our risk.

*small positions*

current Position: long GENT stock @ $52.00



Sun Life Financial Inc. - SLF - close: 35.59 change: -0.25

Stop Loss: 34.90
Target(s): 39.75
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 698 thousand
New Positions: Yes, see below

Comments:
11/25/13: SLF underperformed the market with a -0.68% decline on Monday. I didn't see any news to account for the gap down this morning. Shares touched short-term support at the 10-dma. I do not see any changes from my weekend new play comments.

Earlier Comments:
I am suggesting a trigger to launch bullish positions at $36.35. If triggered our multi-week target is $39.75.

FYI: SLF will begin trading ex-dividend on November 27th, 2013. The quarterly cash dividend should be 36 cents.

Trigger @ 36.35

Suggested Position: buy SLF stock @ (trigger)



VeriSign, Inc. - VRSN - close: 56.45 change: -0.27

Stop Loss: 54.40
Target(s): 59.50
Current Gain/Loss: +2.2%

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:
11/25/13: VRSN spiked to a new high this morning before seeing some profit taking. I am not suggesting new positions at this time.


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



Consumer Staples ETF - XLP - close: 43.09 change: -0.07

Stop Loss: 41.95
Target(s): 47.50
Current Gain/Loss: + 0.8%

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:
11/25/13: XLP's early morning gains faded but afternoon losses were mild. 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: 36.69 change: +0.29

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:
11/25/13: Monday turned out to be a mild session for AAWW. The stock gapped open higher a bit and spent the rest of the day drifting sideways. 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)




CLOSED BULLISH PLAYS

Anika Therapeutics - ANIK - close: 32.60 change: +2.21

Stop Loss: 29.75
Target(s): 38.00
Current Gain/Loss: - 1.7%

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:
11/25/13: Sometimes the trading gods are cruel. ANIK was not participating so we decided over the weekend to close positions on Monday morning. Before the bell today it was announced that ANIK would be added to the S&P 500 small cap 600 index. The stock gapped higher and surged to a +7.2% gain. Our exit was $31.50 this morning. We can't complain about the gap higher this morning that erased some of our losses but it's frustrating to see the breakout to new highs.

*small positions*

closed Position: long ANIK stock @ $32.05 exit $31.50 (-1.7%)

11/25/13 closed as planned
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:



eHealth, Inc. - EHTH - close: 43.63 change: -1.36

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: see below

Comments:
11/25/13: It was not a good day for EHTH bulls. The stock broke down below one of its trend lines of support as it underperformed the market with a -3.0% decline. Our trade has not opened yet. Tonight we are removing EHTH as an active candidate.

Trade did not open.

11/25/13 removed from the newsletter. Trigger @ 46.25 was not hit

chart: