Editor's Note:
The S&P 500 is down five days in a row but the index is only down -1.2% from its all-time high. That's not a very big pullback.

ADSK hit our entry trigger. EVR was closed this morning.


Current Portfolio:


BULLISH Play Updates

Autodesk, Inc. - ADSK - close: 45.94 change: -0.35

Stop Loss: 44.90
Target(s): 50.00
Current Gain/Loss: - 1.3%

Entry on December 05 at $46.55
Listed on December 04, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.0 million
New Positions: see below

Comments:
12/05/13: The U.S. market was weak right from the opening bell today. Yet ADSK bucked that trend with a small spike higher. Shares hit $46.56 early today, which was enough to tag our suggested entry point at $46.55. Unfortunately, the rally immediately reversed and ADSK spent the rest of the day trying to stay above the $46.00 level.

Our play is open. However, I would wait for a new high before initiating new positions.

Our short-term target is $50.00. More aggressive investors may want to aim higher.
FYI: The Point & Figure chart for ADSK is bullish with a $56.00 target.

current Position: long ADSK stock @ $46.55

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

Long 2014 Jan $47 call (ADSK1418a47) entry $1.35



Comerica Inc. - CMA - close: 44.96 change: -0.30

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 1.7%

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:
12/05/13: CMA essentially erased yesterday's gains. The stock's upward momentum appears to have stalled. More conservative traders may want to just abandon ship right here and exit early. I am 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.



Exterran Holdings, Inc. - EXH - close: 32.57 change: -0.34

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 2.3%

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:
12/05/13: After a four-day bounce EXH dipped with a -1.0% decline. Given the market's recent weakness I would hesitate to launch new positions here.

current Position: long EXH stock @ $33.35



Gentium S.p.A. - GENT - close: 52.04 change: -1.16

Stop Loss: 49.95
Target(s): 59.00
Current Gain/Loss: + 0.1%

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:
12/05/13: GENT saw some more profit taking today with a spike down toward $50.54 at its worst levels of the session. Shares managed a decent bounce off its lows. 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: 39.79 change: +0.41

Stop Loss: 38.45
Target(s): 44.00
Current Gain/Loss: + 0.7%

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:
12/05/13: Perfect! ICON dipped to and bounced from what should be support at the $39.00 level. Shares managed to outperform the broader market with a +1.0% gain. I would use this as a new bullish entry point. Please note our new stop loss at $38.45.

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

12/05/13 new stop loss @ $38.45



Voxeljet AG - VJET - close: 41.90 change: -1.29

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:
12/05/13: Hmm... today's -2.9% decline is a bit worrisome. VJET's two-week trend of higher lows is suddenly in jeopardy. At the moment 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: 56.89 change: +0.06

Stop Loss: 55.65
Target(s): 59.50
Current Gain/Loss: +3.0%

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:
12/05/13: It was another quiet day for VRSN. Shares managed to eke out a very small gain. Readers might want to move their stops closer to the $56.00 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

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: 46.29 change: +1.29

Stop Loss: 47.25
Target(s): 40.25
Current Gain/Loss: - 3.1%

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:
12/05/13: There was some talk today on CNBC about how rising bond yields could impact high-dividend stocks. DLR sports a pretty good dividend (above 6%) but that didn't stop investors from selling it over and over again on the way down. Any worries today that a rising bond yield might hurt the REITs didn't seem to affect DLR at all. Instead the stock outperformed the market with a +2.8% bounce. Today's high was $46.65. More conservative investors might want to adjust their stop loss so it's closer to today's high. I am not suggesting new positions.

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

Evercore Partners - EVR - close: 53.77 change: +0.08

Stop Loss: 52.40
Target(s): 59.00
Current Gain/Loss: + 1.6%

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:
12/05/13: We didn't like yesterday's breakdown below $54.00. Our plan was to exit EVR positions at the opening bell this morning. Shares opened at $53.32.

closed Position: Long EVR stock @ $52.50 exit $53.32 (+1.6%)

12/05/13 planned exit
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

chart: