Editor's Note:
The small cap Russell 2000 index underperformed its large cap peers with a -1.2% sell off.

Our plan was to exit our CBOE and XLP trades at the opening bell on Monday.

NXST hit our entry trigger. We are adjusting the entry strategy on our bearish BBY trade.


Current Portfolio:


BULLISH Play Updates

Comerica Inc. - CMA - close: 45.61 change: +0.26

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:
12/02/13: CMA continues to find support at its rising 10-dma. The stock displayed a little relative strength with a +0.5% gain.

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: 52.07 change: -0.10

Stop Loss: 51.40
Target(s): 55.00
Current Gain/Loss: + 1.1%

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:
12/02/13: CRL rallied to a new high near $53.00 before giving back all of its intraday gains. I am raising our stop loss to $51.40.

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

12/02/13 new stop loss @ 51.40
11/30/13 new stop loss @ 50.75
11/20/13 new stop loss @ 49.90



Brinker Intl. Inc. - EAT - close: 46.75 change: -0.28

Stop Loss: 45.75
Target(s): 49.75
Current Gain/Loss: + 2.2%

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:
12/02/13: EAT continued to drift lower with a drop toward its simple 10-dma on Monday. 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.



Evercore Partners - EVR - close: 54.69 change: -0.16

Stop Loss: 52.40
Target(s): 59.00
Current Gain/Loss: + 4.2%

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:
12/02/13: EVR rebounded from short-term support near $54.00 and its 10-dma this morning. Readers may want to raise their stops again. 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



Exterran Holdings, Inc. - EXH - close: 32.69 change: +0.17

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 2.0%

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:
12/02/13: Today marks three days in a row that traders have bought the dip in EXH near support at the $32.00 level. If shares can build on this bounce we can use it as a new entry point.

current Position: long EXH stock @ $33.35



Gentium S.p.A. - GENT - close: 52.80 change: -1.42

Stop Loss: 49.95
Target(s): 59.00
Current Gain/Loss: + 1.5%

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:
12/02/13: Biotechs as a group held up better than most today. Yet GENT hit some profit taking. The stock spiked higher at the open but quickly reversed. Shares underperformed the broader market with a -2.6% decline. Look for support near $50.00. 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



HollyFrontier Corp. - HFC - close: 49.17 change: +1.19

Stop Loss: 45.90
Target(s): 54.00
Current Gain/Loss: + 3.0%

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:
12/02/13: Monday proved to be another volatile day for HFC. Traders bought the dip this morning and the stock outperformed the market with a +2.48% gain.

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

NOTE for option traders: Our option strike changed a few days ago due to HFC's special dividend of 50 cents. Most of HFC's options were adjusted lower by 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: 40.13 change: +0.45

Stop Loss: 37.90
Target(s): 44.00
Current Gain/Loss: + 1.6%

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:
12/02/13: ICON hit new all-time highs with a rally to $40.78 midday. Shares did pare their gains but managed to outperform with a +1.1% gain. I would not be surprised to see a little pullback soon.

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



Nexstar Broadcasting Group - NXST - close: 48.18 change: -1.49

Stop Loss: 47.75
Target(s): 57.50
Current Gain/Loss: -4.6%

Entry on December 02 at $50.50
Listed on November 30, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 430 thousand
New Positions: see below

Comments:
12/02/13: Sometimes stocks do not want to cooperate. NXST opened at $49.80. Two minutes later shares had climbed to $50.51. The stock immediately reversed lower. Our suggested entry trigger was $50.50. NXST spent the rest of the session moving lower and underperformed the market with a -2.99% decline. I am not suggesting new positions at this time.

current Position: long NXST stock @ $50.50

12/02/13 triggered at $50.50



Spirit Airlines, Inc. - SAVE - close: 45.24 change: -0.63

Stop Loss: 44.75
Target(s): 54.00
Current Gain/Loss: -3.4%

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:
12/02/13: Oil managed a bounce today. That could have undermined the airline stocks on Monday. SAVE spent most of the session in the red. I would wait for a bounce before considering new positions. Better yet wait for a new rally above $46.50 before initiating positions.

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



VeriSign, Inc. - VRSN - close: 57.17 change: +0.31

Stop Loss: 55.65
Target(s): 59.50
Current Gain/Loss: +3.5%

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:
12/02/13: VRSN continues to show relative strength. The stock managed to close above short-term resistance at the $57.00 level today. I am raising our stop loss to $55.65. 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

12/02/13 new stop loss @ 55.65
11/30/13 new stop loss @ 54.90
11/23/13 new stop loss @ 54.40



BEARISH Play Updates

Best Buy Co. - BBY - close: 41.08 change: +0.53

Stop Loss: 42.25
Target(s): 35.25
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 7.3 million
New Positions: Yes, see below

Comments:
12/02/13: We are a little shocked to see BBY showing relative strength on Monday. The National Retail Federation came out today and said that foot traffic in retail stores on Black Friday was up +3%. Yet sales were actually down -3.9% from last year. The stock did garner some bullish analyst comments today, which may have given shares a boost.

We still think BBY could see a post-Black Friday sell off. Tonight we're adjusting our entry strategy. Launch bearish positions tomorrow morning at the opening bell. We'll move the stop loss to $42.25.

We're still suggesting investors use small positions to limit their risk. Our target is $35.25. More aggressive traders may want to aim lower since the Point & Figure chart for BBY is bearish with a $31.00 target.

*small positions*

Suggested Position: short BBY stock @ (the opening bell)

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

Buy the 2014 Jan $40 PUT (BBY1418m40) current ask $1.86

12/02/13 strategy change. Instead of a trigger, launch bearish positions at the opening bell tomorrow. Use a new stop loss at $42.25.




CLOSED BULLISH PLAYS

CBOE holdings - CBOE - close: 52.98 change: +0.70

Stop Loss: 51.75
Target(s): 57.50
Current Gain/Loss: + 1.4%

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:
12/02/13: CBOE has been underperforming the market the last few days. Over the weekend we decided to close positions at the opening bell today. Of course the stock decided to bounce and outperform the market today with a +1.3% gain. Our trade closed this morning at $52.47 thanks to a gap higher of 19 cents.

closed Position: long CBOE stock @ $51.75 exit $52.47 (+1.4%)

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

2014 Jan $50 call (CBOE1418a50) entry $2.85 exit $3.00* (+ 5.2%)

12/02/13 planned exit this morning.
*option exit price is an estimate since the option did not trade at the time our play was closed.
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:



Consumer Staples ETF - XLP - close: 42.78 change: -0.23

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:
12/02/13: We have been disappointed with the progress in XLP. Over the weekend we decided to exit positions at the opening bell on Monday. The XLP opened at $43.03 this morning.

closed Position: long the XLP @ $42.75 exit $43.03 (+0.7%)

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

2014 Jan $43 call (XLP1418a43) entry $0.71* exit $0.55** (-22.5%)

12/02/13 planned exit
**option exit price is an estimate since the option did not trade at the time our play was closed.
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: