Editor's Note:
Markets around the world were showing weakness on Thursday. Declines in the U.S. followed weakness in Asia and Europe.

ADM has been removed. ICON and VRSN were stopped out. QIWI was triggered.


Current Portfolio:


BULLISH Play Updates

Autodesk, Inc. - ADSK - close: 45.51 change: -0.24

Stop Loss: 44.90
Target(s): 50.00
Current Gain/Loss: - 2.2%

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:
12/12/13: Now we have reason to worry. Today's decline technically confirms yesterday's bearish reversal candlestick. More conservative investors may want to exit now. There is still a good chance that ADSK will find support at the $45.00 mark.

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: 45.51 change: +0.66

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 0.5%

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:
12/12/13: CMA ignored the market's decline and bounced from its simple 30-dma on Thursday. Shares outperformed the major indices with a +1.4% gain. More conservative traders might want to raise their stop toward yesterday's low near $44.80. I am not suggesting new positions at this time.

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: 32.34 change: +0.04

Stop Loss: 31.95
Target(s): 38.50
Current Gain/Loss: - 5.0%

Entry on December 10 at $34.05
Listed on December 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
12/12/13: FNP bounced from short-term support near $32.20 but gains were quickly fading toward the closing bell. Tonight we are adjusting our stop to $31.95. More conservative traders might want to raise their stop loss closer to the $32.20 level. I am not suggesting new positions.

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

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

*small positions*

current Position: long FNP stock @ $34.05

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

Long 2014 Jan $35 call (FNP1418a35) entry $1.15*

12/12/13 we are adjusting the stop loss to $31.95
*option entry price is an estimate since the option did not trade at the time our play was opened.




Johnson Controls Inc. - JCI - close: 49.99 change: +0.05

Stop Loss: 49.75
Target(s): 57.50
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 10, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.7 million
New Positions: Yes, see below

Comments:
12/12/13: JCI was upgraded this morning, which helped shares gap higher. At the same time the stock began trading ex-dividend this morning. The quarterly dividend was 22 cents. JCI ended the session sitting on round-number support at $50.00. We will see how shares perform tomorrow and then re-evaluate. At the moment I don't see any changes from my prior comments.

Earlier Comments:
I am suggesting a trigger to open bullish positions at $52.10. If triggered our multi-week target is $57.50.

NOTE: JCI will begin trading ex-dividend on December 12th. The quarterly cash dividend should be 22 cents.
FYI: The Point & Figure chart for JCI is bullish with a long-term $80.00 target.

Trigger @ 52.10

Suggested Position: buy JCI stock @ (trigger)

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

Buy the 2014 April $55 call (JCI1419D55)



Qiwi plc - QIWI - close: 49.66 change: +2.39

Stop Loss: 44.75
Target(s): 54.50
Current Gain/Loss: + 4.4%

Entry on December 12 at $47.55
Listed on December 11, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 384 thousand
New Positions: see below

Comments:
12/12/13: Yesterday's rally in QIWI picked up speed today. The stock surged +5.0% and is now challenging resistance near $50.00 and its all-time high from mid November.

Our trigger to open bullish positions was hit at $47.55 this morning. If you missed our entry point I would wait for a dip. QIWI might consolidate near resistance at $50 first.

Earlier Comments:
The plan was to use small positions to limit our risk. Our multi-week target is $54.50. However, QIWI does have to breakout past potential round-number, psychological resistance at the $50.00 level.

*small positions*

current Position: long QIWI stock @ $47.55

12/12/13 triggered @ 47.55



BEARISH Play Updates

CGI Group, Inc. - GIB - close: $33.72 change: -0.48

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:
12/12/13: The weakness in GIB continues with a -1.4% decline and a new four-week closing low. There is no change from my earlier comments.

Earlier Comments:

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

Archer Daniels Midland - ADM - close: 40.59 change: -1.12

Stop Loss: 40.85
Target(s): 47.00
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 09, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.8 million
New Positions: see below

Comments:
12/12/13: The stock market's three-day decline is starting to take its toll on shares of ADM. This stock underperformed today with a -2.6% drop. It's possible that shares might bounce tomorrow on news out after the closing bell that congress has passed a stop gap farm bill. Yet I'm not seeing any movement in ADM after hours.

Our plan was to open bullish positions at $42.65 but that's unlikely to happen any time soon. We are removing ADM with the trade unopened.

Trade did not open.

12/12/13 removed from the newsletter. suggested trigger was $42.65

chart:



Iconix Brand - ICON - close: 38.74 change: +0.01

Stop Loss: 38.45
Target(s): 44.00
Current Gain/Loss: - 2.7%

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:
12/12/13: ICON closed virtually unchanged on the day. Unfortunately its intraday weakness was enough to hit our stop loss at $38.45.

closed Position: long ICON stock @ $39.50 exit $38.45 (-2.7%)

12/12/13 stopped out
12/05/13 new stop loss @ $38.45

chart:



VeriSign, Inc. - VRSN - close: 56.44 change: +0.15

Stop Loss: 55.95
Target(s): 59.50
Current Gain/Loss: +1.3%

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:
12/12/13: VRSN ended the day in positive territory and outperformed the market with a +0.26% gain. Unfortunately a spike down at the opening bell was low enough to hit our stop loss at $55.95.

closed Position: long VRSN stock @ $55.25 exit $55.95 (+1.3%)

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

2014 Jan $55 call (VRSN1418a55) entry $2.01 exit $1.96 (- 2.4%)

12/12/13 stopped out
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

chart: