Editor's Note:
Tuesday's session was mixed. The NASDAQ broke out past 4,000 but the other large cap indices stalled. Meanwhile the small cap Russell 2000 hit a new record high.

SLF has been removed.


Current Portfolio:


BULLISH Play Updates

Bio-Reference Labs Inc. - BRLI - close: 37.73 change: +0.43

Stop Loss: 35.65
Target(s): 39.75
Current Gain/Loss: + 4.1%

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:
11/26/13: The relative strength in BRLI continues. Shares outperformed the market with a +1.15% gain and another new high. I am raising our stop loss to $35.65.

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

11/26/13 new stop loss @ 35.65
11/21/13 new stop loss @ 34.95



CBOE holdings - CBOE - close: 53.21 change: -0.59

Stop Loss: 51.75
Target(s): 57.50
Current Gain/Loss: + 2.8%

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:
11/26/13: CBOE has hit profit taking two days in a row. Technically today's drop confirms yesterday's bearish reversal pattern. I would still look for support near $52.00. We will raise our stop loss to $51.75.

current Position: long CBOE stock @ $51.75

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

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

11/26/13 new stop loss @ 51.75
11/21/13 new stop loss @ 50.90
11/20/13 new stop loss @ 49.95



Comerica Inc. - CMA - close: 45.55 change: -0.14

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 0.5%

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:
11/26/13: CMA spent most of the session drifting sideways but closed on a down note. 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: 52.28 change: -0.17

Stop Loss: 49.90
Target(s): 55.00
Current Gain/Loss: + 1.5%

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:
11/26/13: CRL also delivered a quiet session on Tuesday. There is no change from my earlier comments. 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: 47.01 change: -0.25

Stop Loss: 45.75
Target(s): 49.75
Current Gain/Loss: + 2.8%

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:
11/26/13: EAT is seeing a little bit of profit taking. The stock underperformed the market with a -0.5% decline on Tuesday. Look for support at its rising 10-dma near $46.45 or the $46.00 level.

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: 55.26 change: +0.33

Stop Loss: 51.90
Target(s): 59.00
Current Gain/Loss: + 5.3%

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:
11/26/13: EVR rebounded off its morning lows and outperformed the major indices with a +0.6% gain. 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



Exterran Holdings, Inc. - EXH - close: 32.46 change: -0.29

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 2.7%

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:
11/26/13: Technically today's move is short-term bearish with EXH breaking below its simple 10-dma. The next level of support should be the $32.00 level. I am not suggesting new positions at this time.

current Position: long EXH stock @ $33.35



Gentium S.p.A. - GENT - close: 52.00 change: +1.04

Stop Loss: 49.40
Target(s): 59.00
Current Gain/Loss: + 0.0%

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:
11/26/13: GENT quickly bounced off its morning lows and outperformed the major indices with a +2.0% gain. Any follow through on this bounce could be used as a new entry point. Keep in mind that this is a higher-risk 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



HollyFrontier Corp. - HFC - close: 46.67 change: -0.38

Stop Loss: 45.90
Target(s): 54.00
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 25, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.8 million
New Positions: Yes, see below

Comments:
11/26/13: Many of the oil-related stocks were down today including most of the oil refiners. HFC dipped to its 10-dma before bouncing. I don't see any changes from my Monday night new play comments. (Keep in mind that the gap down today was due to HFC trading ex-dividend)

I am suggesting new bullish positions if HFC can trade at $47.75 or higher. If triggered our target is $54.00.
FYI: The Point & Figure chart for HFC is bullish with a $60.00 target.

Trigger @ 47.75

Suggested Position: buy HFC stock @ (trigger)

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

buy the 2014 Jan $49.50 call (HFC1418a49.5)



VeriSign, Inc. - VRSN - close: 56.58 change: +0.13

Stop Loss: 54.40
Target(s): 59.50
Current Gain/Loss: +2.4%

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:
11/26/13: VRSN spent Tuesday churning sideways below the $57.00 level. 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: 43.05 change: -0.04

Stop Loss: 41.95
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:
11/26/13: Tuesday was a forgettable session for the XLP. Shares drifted sideways and retested the $43.00 level. 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: 37.04 change: +0.35

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:
11/26/13: AAWW managed another bounce yet the larger trend remains bearish. We might drop AAWW as a candidate if shares close above $37.50. 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

Sun Life Financial Inc. - SLF - close: 35.28 change: -0.31

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: see below

Comments:
11/26/13: SLF is suddenly not participating in the market's rally any more. Our trade has not opened yet. Tonight we are removing SLF as an active candidate. I would keep it on your watch list. SLF might find support near $34.00 and we'll look at it again.

Trade did not open.

11/26/13 removed from the newsletter. trigger was 36.35

chart: