Editor's Note:
The small cap Russell 2000 index and the NASDAQ composite continue to hit new highs. The $RUT hit new all-time highs and the NASDAQ hit new 13-year highs.

BRLI was stopped out. AAWW has been removed.
HFC and ICON hit our entry triggers.


Current Portfolio:


BULLISH Play Updates

CBOE holdings - CBOE - close: 52.69 change: -0.52

Stop Loss: 51.75
Target(s): 57.50
Current Gain/Loss: + 1.8%

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:
11/27/13: The profit taking in CBOE continues with its third decline in a row. Shares found some support at its 10-dma about 1:00 p.m. If this decline continues the next support level should be $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

11/26/13 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: 45.63 change: +0.08

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 0.3%

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:
11/27/13: CMA bounced off its morning lows but spent most of the day drifting sideways. 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: 52.04 change: -0.24

Stop Loss: 49.90
Target(s): 55.00
Current Gain/Loss: + 1.0%

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:
11/27/13: CRL spent Wednesday's session hugging the $52.00 level. 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: 47.02 change: +0.01

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:
11/27/13: EAT also delivered a quiet day. Shares spent Wednesday oscillating on either side of the $47.00 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: 55.11 change: -0.15

Stop Loss: 51.90
Target(s): 59.00
Current Gain/Loss: + 5.0%

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:
11/27/13: EVR underperformed the financial sector but shares were bouncing higher into the closing bell. 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: 32.16 change: -0.30

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 3.6%

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:
11/27/13: This is it! EXH is still correcting lower and shares are nearing what should be support at the $32.00 level. Nimble traders could try and buy a bounce should we see one. However, I am growing more concerned about EXH's relative weakness over the last few days and would hesitate to launch new positions.

current Position: long EXH stock @ $33.35



Gentium S.p.A. - GENT - close: 51.65 change: -0.35

Stop Loss: 49.40
Target(s): 59.00
Current Gain/Loss: - 0.7%

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:
11/27/13: GENT seems to be struggling to build on last week's bullish breakout past the $50.00 level. The last few days have seen shares just drift sideways. I am hesitant to launch new positions. Investors may want to wait for a close above $52.00 before considering new positions.

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: 49.30 change: +2.63

Stop Loss: 45.90
Target(s): 54.00
Current Gain/Loss: + 3.2%

Entry on November 27 at $47.75
Listed on November 25, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.8 million
New Positions: see below

Comments:
11/27/13: Most of the big name oil refining stocks were showing strength today. HFC had one of the strongest moves with a +5.6% surge and a rally to new five-month highs. The stock was getting a lot of positive comments on CNBC today as well.

Our trigger to launch bullish positions was hit at $47.75. If you missed it then consider waiting for a dip.

FYI: The Point & Figure chart for HFC is bullish with a $60.00 target.

NOTE for option traders: We need to update our option strike. Due to a special dividend of 50 cents most of HFC's options were adjusted down 50 cents on November 26th, 2013. That means our 2014 January $49.50 call became the $49.00 call.

current Position: long HFC stock @ $47.75

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

Long 2014 Jan $49.00 call (HFC1418a49) entry $1.50*

11/27/13 triggered @ 47.75
*option entry price is an estimate since the option did not trade at the time our play was opened.
11/26/13 option strike adjusted down 50 cents from $49.50 to $49.00



Iconix Brand - ICON - close: 39.57 change: +0.40

Stop Loss: 37.90
Target(s): 44.00
Current Gain/Loss: + 0.2%

Entry on November 27 at $39.50
Listed on November 26, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 728 thousand
New Positions: see below

Comments:
11/27/13: The rally in ICON continued on Wednesday with shares marking their fifth gain in a row. Today is also a new all-time high. Our suggested entry point to open positions was hit at $39.50.

Earlier Comments:
It is possible that the $40.00 level could be round-number resistance. Therefore more conservative traders may want to wait for ICON to trade over $40.00 before initiating positions. If we are triggered at $39.50 our multi-week target is $44.00.

current Position: long ICON stock @ $39.50



VeriSign, Inc. - VRSN - close: 56.70 change: +0.12

Stop Loss: 54.40
Target(s): 59.50
Current Gain/Loss: +2.6%

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:
11/27/13: It was another quiet session for VRSN with shares hovering 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: 43.08 change: +0.03

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:
11/27/13: The XLP didn't move much on Wednesday. The sideways consolidation does seem to be narrowing. 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


None. We do not have any active bearish trades.



CLOSED BULLISH PLAYS

Bio-Reference Labs Inc. - BRLI - close: 29.55 change: -8.18

Stop Loss: 35.65
Target(s): 39.75
Current Gain/Loss: - 3.9%

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:
11/27/13: Ouch! BRLI had a very, very ugly day with a -21.6% plunge. The company is not scheduled to report earnings until December. Yet management decided that the day before Thanksgiving was the best time to lower their earnings and revenue guidance.

The stock gapped down at $34.83 on this new earnings news and then was pretty much in free fall until shares neared the $30.00 level. BRLI eventually closed below what should have been round-number support at $30.00 and below its 100-dma.

Our stop loss was at $35.65 so the gap down at $34.83 would have stopped us out but in a "fast market" losses may have been worse.

closed Position: long BRLI stock @ $36.25 exit $34.83 (-3.9%)

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

Dec $35 call (BRLI1322L35) entry $2.30 exit $0.75* (-67.3%)

11/27/13 stopped out on gap down at $34.83
*option exit price is an estimate since the option did not trade at the time our play was closed.
11/26/13 new stop loss @ 35.65
11/21/13 new stop loss @ 34.95

chart:



CLOSED BEARISH PLAYS

Atlas Air Worldwide - AAWW - close: 38.16 change: +1.12

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: see below

Comments:
11/27/13: AAWW is not cooperating. Shares outperformed the market with a +3.0% bounce today. I warned readers yesterday that if the bounce continued we'd likely drop AAWW as an active candidate. Our trade did not open.

Trade did not open.

11/27/13 removed from the newsletter. did not hit trigger @ $36.00

chart: