Editor's Note:
The U.S. market opened higher but spent most of the day drifting sideways. Gains were mild.

GENT hit our exit target. EXH was closed. VJET has been removed.


Current Portfolio:


BULLISH Play Updates

Autodesk, Inc. - ADSK - close: 46.78 change: +0.36

Stop Loss: 44.90
Target(s): 50.00
Current Gain/Loss: + 0.5%

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:
12/09/13: ADSK displayed some relative strength on Monday. Traders bought the dip at its rising 10-dma this morning. Shares rebounded to a new high.

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: 46.07 change: +0.22

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: + 0.7%

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:
12/09/13: CMA also displayed some relative strength with a +0.47% gain. This is a new multi-year closing high for the stock. I would be tempted to launch new bullish positions at current levels.

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.



Fifth & Pacific Companies, Inc. - FNP - close: 33.12 change: -0.37

Stop Loss: 31.99
Target(s): 38.50
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: Yes, see below

Comments:
12/09/13: FNP underperformed the market today with a -1.1% decline. Shares actually tried to rally this morning but reversed at short-term resistance near $34.00. FNP ended the day on its 10-dma. If shares see more weakness tomorrow we will likely drop it as an active candidate.

Earlier Comments:
I am suggesting small bullish positions if FNP can trade at $34.05. More nimble traders may want to take a different tactic and try and buy a dip near FNP's rising 10-dma instead (currently near $33.05). We will list our initial stop loss at $31.99 but more conservative traders may want to use a stop closer to $32.75 instead. Our multi-week target is $38.50.

NOTE: I am listing the 2014 January call but if you're an option trader you may want to use the April calls instead.

Trigger @ 34.05 *small positions*

Suggested Position: buy FNP stock @ (trigger)

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

Buy the 2014 Jan $35 call (FNP1418a35)




Iconix Brand - ICON - close: 39.53 change: +0.07

Stop Loss: 38.45
Target(s): 44.00
Current Gain/Loss: + 0.1%

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:
12/09/13: ICON spent Monday's session going nowhere. Shares just drifted sideways in a narrow range. I am not suggesting new positions at this time.

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



Isis Pharmaceuticals - ISIS - close: 38.40 change: -0.72

Stop Loss: 37.65
Target(s): 47.50
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 05, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.1 million
New Positions: Yes, see below

Comments:
12/09/13: ISIS continues to churn sideways inside its $38.00-40.00 trading range. There is no change from my prior comments.

If shares can breakout past round-number resistance at $40.00 the stock might see another sprint higher.

I am suggesting small bullish positions if ISIS can trade at $40.25. If triggered our target is $47.50.

Biotech Stock Warning
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). We want to keep our position size small to limit our risk. If options are available then investors may want to buy an option to limit your risk to the cost of the option.

Trigger @ 40.25

Suggested Position: buy ISIS stock @ (trigger)

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

buy the 2014 Jan $42 call (ISIS1418a42)



VeriSign, Inc. - VRSN - close: 56.77 change: -0.43

Stop Loss: 55.95
Target(s): 59.50
Current Gain/Loss: +2.8%

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:
12/09/13: VRSN experienced some profit taking today with a -0.75% decline. Look for support near $56.00-56.25. 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

12/07/13 new stop loss @ 55.95
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: 45.63 change: -0.38

Stop Loss: 47.25
Target(s): 40.25
Current Gain/Loss: - 1.6%

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:
12/09/13: DLR continues to retreat from last Friday's intraday high. This is good news if you're bearish. Traders may want to 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



CGI Group, Inc. - GIB - close: $33.75 change: -0.19

Stop Loss: 35.25
Target(s): 28.50
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 327 thousand
New Positions: Yes, see below

Comments:
12/09/13: The early Monday morning bounce in GIB faded. Shares underperformed the market with a -0.5% decline. I do not see any changes from my weekend new play description on GIB.

Why We Like It:
GIB is in the technology sector. They are now infamous as the tech company that built the seriously flawed and "glitch" filled healthcare.gov website. The federal government healthcare website fiasco is a PR nightmare that could negatively impact GIB's ability to garner new business, especially new government contracts.

The stock is up about +50% for the year but shares have plunged in the last two weeks. Traders were quick to sell any rally attempt on Friday morning and GIB underperformed the market with a -1.7% decline in spite of the market's broad-based rally. GIB is now on the verge of breaking down below its longer-term trend of higher lows.

There is a decent amount of short interest in this name and thus GIB could be volatile. I am suggesting small positions to limit risk. We will use a trigger at $32.80 to launch bearish positions. GIB does have options but the spreads are too wide to trade them. If triggered at $32.80 we'll start with a stop loss at $35.25. Our target is $28.50.

Trigger @ $32.80 *small positions*

Suggested Position: short GIB stock @ (trigger)



CLOSED BULLISH PLAYS

Exterran Holdings, Inc. - EXH - close: 31.73 change: -0.42

Stop Loss: 31.90
Target(s): 36.50
Current Gain/Loss: - 4.5%

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:
12/09/13: EXH produced a bearish reversal move on Friday. We decided in the weekend newsletter to exit immediately on Monday morning. EXH gapped open lower today, below support at $32.00, to open at $31.84.

closed Position: long EXH stock @ $33.35 exit $31.84 (-4.5%)

12/09/13 planned exit this morning
12/07/13 prepare to exit on Monday morning

chart:



Gentium S.p.A. - GENT - close: 57.10 change: +6.28

Stop Loss: 49.95
Target(s): 59.00
Current Gain/Loss: +13.5%

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:
12/09/13: Target achieved.

GENT obviously had some sort of positive headline today but I couldn't find any specific news. The stock gapped open higher and surged to $59.25 (a +16.5% move at its high today) before paring its gains. Our exit target was hit at $59.00.

Earlier Comments:
We want to keep our position size small to limit our risk.

*small positions*

closed Position: long GENT stock @ $52.00 exit $59.00 (+13.5%)

12/09/13 target hit @ $59.00
12/07/13 GENT's performance on Friday is a potential warning.
investors may want to exit now to avoid or limit their losses
11/30/13 new stop loss @ 49.95

chart:



Voxeljet AG - VJET - close: 37.69 change: -2.76

Stop Loss: 39.25
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: see below

Comments:
12/09/13: VJET appears to be in trouble. The oversold bounce is rolling over and shares underperformed the market with a -6.8% decline on Monday. Our trade has not opened yet. We are removing VJET as a potential candidate.

Trade did not open.

12/09/13 removed from the newsletter. VJET did not hit our suggested entry trigger at $44.00

chart: