Editor's Note:
The U.S. markets continue to drift higher. The S&P 500 posted its eighth weekly gain in a row.

Our new play on SAVE was opened on Friday.

We want to exit both the CBOE and XLP trades on Monday morning.

I have updated several stop losses tonight.


Current Portfolio:


BULLISH Play Updates

CBOE holdings - CBOE - close: 52.28 change: -0.41

Stop Loss: 51.75
Target(s): 57.50
Current Gain/Loss: + 1.0%

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:
11/30/13: It was a very disappointing week for CBOE. Two weeks ago the stock was surging and rallied to new all-time highs. This past week the stock was down every day. Now there is a chance that CBOE will bounce near the $52.00 level. However, given the stock's relative weakness over the last four days we are calling it quits. I am suggesting an immediate exit.

current Position: long CBOE stock @ $51.75

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

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

11/30/13 prepare to exit on Monday morning, Dec. 2nd.
11/26/13 new stop loss @ 51.75
11/21/13 new stop loss @ 50.90
11/20/13 new stop loss @ 49.95

chart:



Comerica Inc. - CMA - close: 45.35 change: -0.28

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 0.9%

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:
11/30/13: CMA drifted lower on Friday. The stock is nearing what should be support near the $45.00 level. Readers can buy dips or wait for a bounce as a new entry point.

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.

chart:



Charles River Labs Intl. - CRL - close: 52.17 change: +0.13

Stop Loss: 50.75
Target(s): 55.00
Current Gain/Loss: + 1.3%

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:
11/30/13: CRL bounced from short-term technical support at its 10-dma on Friday. Traders could use Friday's performance as a new bullish entry point. Tonight we're going to adjust our stop loss up to $50.75.

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

11/30/13 new stop loss @ 50.75
11/20/13 new stop loss @ 49.90

chart:



Brinker Intl. Inc. - EAT - close: 47.03 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:
11/30/13: Hmm... that's two days in a row that shares of EAT closed virtually unchanged. Last week's dip ends a seven-week winning streak of gains. I am not suggesting new positions at this time. More conservative traders with the call options may want to take profits now.

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:



Evercore Partners - EVR - close: 54.85 change: -0.26

Stop Loss: 52.40
Target(s): 59.00
Current Gain/Loss: + 4.5%

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:
11/30/13: The holiday shortened week was a quiet one for shares of EVR. The stock drifted sideways. Look for short-term support near the $54.00 level. Please note our new stop loss at $52.40. 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

11/30/13 new stop loss @ 52.40
11/21/13 new stop loss @ 51.90
11/19/13 new stop loss @ 51.40

chart:



Exterran Holdings, Inc. - EXH - close: 32.52 change: +0.36

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 2.5%

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:
11/30/13: We have been expecting EXH to bounce at the $32.00 level and shares did not disappoint. However, you'll notice that the rebound seemed to fail at its simple 10-dma, which could be new overhead resistance. I am not suggesting new positions at this time.

current Position: long EXH stock @ $33.35

chart:



Gentium S.p.A. - GENT - close: 54.22 change: +2.57

Stop Loss: 49.95
Target(s): 59.00
Current Gain/Loss: + 4.3%

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:
11/30/13: Shares of GENT awoke on Friday and shares outperformed the market with a +4.9% surge to new highs. I am adjusting our stop loss to $49.95. I am not suggesting new positions at current levels.

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

11/30/13 new stop loss @ 49.95

chart:



HollyFrontier Corp. - HFC - close: 47.98 change: -1.32

Stop Loss: 45.90
Target(s): 54.00
Current Gain/Loss: + 0.5%

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:
11/30/13: It's been a volatile couple of days for HFC. Friday's session saw the stock give back half of Wednesday's gains with a -$1.32 decline. Broken resistance near $47.00 should be support so traders could use a dip near $47.00 as an entry point but given Friday's relative weakness you may want to wait for a bounce first.

Earlier Comments:
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

chart:



Iconix Brand - ICON - close: 39.68 change: +0.11

Stop Loss: 37.90
Target(s): 44.00
Current Gain/Loss: + 0.5%

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:
11/30/13: ICON continued to drifting higher on Friday. Shares have extended their gains to six up days in a row. I would not be surprised to see a little pullback. Broken resistance at $39.00 should offer new short-term support and we could use a dip near $39.00 as an alternative entry point.

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

chart:



Spirit Airlines, Inc. - SAVE - close: 45.87 change: -0.58

Stop Loss: 44.75
Target(s): 54.00
Current Gain/Loss: -2.1%

Entry on November 29 at $46.84
Listed on November 27, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 929 thousand
New Positions: see below

Comments:
11/30/13: We were expecting gains from SAVE but the gap higher on Friday morning was a surprise. The gap higher was not unique to SAVE. Nearly all the major airline stocks gapped open higher on Friday morning and all of them reversed to close near their lows for the session.

Our plan was to launch bullish positions at $46.75. The gap higher at $46.84 immediately triggered our play. I would wait for a new rally above $46.50 before considering new positions. The relative weakness across the industry is a bit surprising but may be a reaction to the storm that hit a large portion of the U.S. during one of the busiest travel days of the year.

Earlier Comments:
Our target is $54.00. However, that is a bit optimistic. The $50.00 level is potential round-number, psychological resistance. On the other hand the point & figure chart has recently produced a new triple-top breakout buy signal that is currently forecasting a long-term $76 price target.

current Position: long SAVE stock @ $46.84

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

Long 2014 Jan $50 call (SAVE1418a50) entry $1.15

11/29/13 trade opened on gap higher at $46.84
suggested entry trigger was $46.75

chart:



VeriSign, Inc. - VRSN - close: 56.86 change: +0.16

Stop Loss: 54.90
Target(s): 59.50
Current Gain/Loss: +2.9%

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:
11/30/13: VRSN temporarily traded above resistance near $57.00 on Friday. The stock eventually pared its gains by the closing bell. I am raising our stop loss to $54.90. More conservative traders may want to raise theirs closer to $56.00 instead. 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

11/30/13 new stop loss @ 54.90
11/23/13 new stop loss @ 54.40

chart:



Consumer Staples ETF - XLP - close: 43.01 change: -0.07

Stop Loss: 41.95
Target(s): 47.50
Current Gain/Loss: + 0.6%

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:
11/30/13: It was a quiet week for the XLP. Shares mostly drifted sideways. However, the holiday shortened week also marked the XLP's second weekly decline in a row. This ETF doesn't move very fast and we're losing some patience with it, especially given its recent relative weakness. Tonight we're suggesting an immediate exit on Monday morning.

current Position: long the XLP @ $42.75

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

Long 2014 Jan $43 call (XLP1418a43) entry $0.71*

11/30/13 prepare to exit on Monday morning, Dec. 2nd
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


None. We do not have any active bearish trades.