Editor's Note:
The U.S. market continued to sink for a fourth day but equities did pare their losses with an afternoon rebound.

EAT, HFC, and BBY all hit our stop loss.

We want to exit our EVR trade tomorrow morning.


Current Portfolio:


BULLISH Play Updates

Comerica Inc. - CMA - close: 45.26 change: +0.31

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 1.1%

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:
12/04/13: CMA managed to outperform the broader market indices with a +0.6% gain today. Yet the intraday rally's pullback looks like a new lower high. I remain cautious here. We are not suggesting new positions.

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.



Evercore Partners - EVR - close: 53.69 change: -0.75

Stop Loss: 52.40
Target(s): 59.00
Current Gain/Loss: + 2.3%

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:
12/04/13: EVR's breakdown below what should have been support near $54.00 is a potential warning signal. Tonight we are suggesting an immediate exit tomorrow morning to avoid any losses. More aggressive traders may want to hold on to their positions instead since EVR did bounce near its rising 20-dma, which appears to have been support earlier in November.

current Position: Long EVR stock @ $52.50

12/04/13 prepare to exit tomorrow morning
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: 32.91 change: +0.09

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 1.3%

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:
12/04/13: EXH continues to bounce with the stock up four days in a row versus a four-day decline for the market. Gains have been mild but the trend is moving the right direction.

current Position: long EXH stock @ $33.35



Gentium S.p.A. - GENT - close: 53.20 change: -0.67

Stop Loss: 49.95
Target(s): 59.00
Current Gain/Loss: + 2.3%

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:
12/04/13: We've only got two days left for the week and this week is shaping up to be a loser. If GENT does post a weekly decline it will snap a seven-week winning streak for the stock. 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




Iconix Brand - ICON - close: 39.38 change: -0.54

Stop Loss: 37.90
Target(s): 44.00
Current Gain/Loss: - 0.3%

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:
12/04/13: ICON hit some profit taking today. The stock should find support near the $39.00 level. A dip or a bounce near $39.00 could be used as an alternative entry point for bullish positions.

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



Voxeljet AG - VJET - close: 43.19 change: -0.06

Stop Loss: 37.75
Target(s): 54.50
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 03, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.1 million
New Positions: Yes, see below

Comments:
12/04/13: VJET held up pretty well today. Shares bounced back from its intraday lows to close almost unchanged. The stock looks poised to breakout higher. There is no change from my prior comments.

Earlier Comments:
VJET is involved in the growing 3-D printing industry. Before I go any further I want to warn you that VJET has been a very, very volatile stock. The month of November saw VJET surge from $35 to $70 and back again to $35.

If you are interested in the 3-D printing industry you could also look at stocks like DDD, SSYS, and XONE. These are also volatile stocks but not quite as volatile as VJET. I would consider all of them, including VJET, to be higher-risk, more aggressive trades.

Right now 3-D printing is a hot topic and there is already speculation that these companies could be takeover targets. Of the four listed above, VJET has the small market cap at $675 million.

Tuesday's high was $43.85. I am suggesting a trigger to open small bullish positions at $44.00. If triggered we'll use a stop loss at $37.75. Our target is $54.50.

Trigger @ $44.00 *small positions*

Suggested Position: buy VJET stock @ (trigger)



VeriSign, Inc. - VRSN - close: 56.83 change: +0.17

Stop Loss: 55.65
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:
12/04/13: VRSN is also holding up well. Shares bounced from their early afternoon lows to close up on the session with a +0.3% gain. 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

Digital Realty Trust Inc. - DLR - close: 45.00 change: +0.47

Stop Loss: 47.25
Target(s): 40.25
Current Gain/Loss: - 0.2%

Entry on December 03 at $44.90
Listed on December 02, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.7 million
New Positions: see below

Comments:
12/04/13: DLR recovered about a third of yesterday's losses. More importantly the stock has filled the gap down from yesterday and produced what appears to be a failed rally near $46.00. I would still consider new bearish positions at current levels.

Earlier Comments:
I do consider DLR a more aggressive trade because there are already a lot of shorts. The most recent data listed short interest at 25% of the 128 million share float. Readers may want to try and limit their risk and buy puts options instead of shorting DLR stock.

Our target is $40.25. More aggressive traders may want to aim lower since the point & figure chart is bearish with a $33 target.

*small positions*

current Position: short DLR stock @ $44.90

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

Long 2014 Jan $45 PUT (DLR1418m45) entry $2.20




CLOSED BULLISH PLAYS

Brinker Intl. Inc. - EAT - close: 45.93 change: -0.84

Stop Loss: 45.75
Target(s): 49.75
Current Gain/Loss: + 0.0%

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:
12/04/13: EAT underperformed the market today with a -1.8% decline. Shares did not participate in the market's afternoon rebound higher. Today's move broke down below the 20-dma and the $46.00 level. Our stop loss was hit at $45.75.

closed Position: long EAT stock @ $45.75 exit $45.75 (+0.0%)

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

2014 Jan $45 call (EAT1418a45) entry $1.70* exit $1.80** (+ 5.8%)

12/04/13 stopped out
**option exit price is an estimate since the option did not trade at the time our play was closed.
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:



HollyFrontier Corp. - HFC - close: 45.80 change: -2.15

Stop Loss: 45.90
Target(s): 54.00
Current Gain/Loss: - 3.9%

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:
12/04/13: Ouch! Shares of HFC have been pretty volatile the last few days. The last two days have been the worst. The failed rally near $50.00 yesterday was compounded with a -4.48% plunge today. The stock appears to be reacting to news out last night that HFC is lowering its throughput estimates. Due to refinery waste water constraints at its Navajo refinery the company said its Q1 total crude throughput could be down -10,000 barrels per day. The stock gapped open lower at $47.20 and then plunged through support near $47.00 and its simple 200-dma. Our stop was hit at $45.90.

closed Position: long HFC stock @ $47.75 exit $45.90 (-3.9%)

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

2014 Jan $49.00 call (HFC1418a49) entry $1.50* exit $0.90 (-40.0%)

12/04/13 stopped out
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:



CLOSED BEARISH PLAYS

Best Buy Co. - BBY - close: 42.80 change: +0.80

Stop Loss: 42.25
Target(s): 35.25
Current Gain/Loss: - 3.5%

Entry on December 03 at $40.84
Listed on November 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 7.3 million
New Positions: see below

Comments:
12/04/13: Our aggressive bearish play on BBY did not pan out. The stock has continued to rally in spite of bearish traffic numbers from the Black Friday shopping weekend. Today's move is a bullish breakout past the $42.00 level and its 30-dma. Our stop was hit at $42.25.

Earlier Comments:
The plan was to use small positions to limit our risk.

*small positions*

closed Position: short BBY stock @ $40.84 exit $42.25 (-3.5%)

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

2014 Jan $40 PUT (BBY1418m40) entry $1.97 exit $1.46 (-25.8%)

12/04/13 stopped out
12/03/13 trade opens. BBY @ $40.84
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.

chart: