Editor's Note:
The market's pullback from its recent highs picked up speed this past week.

Prepare to exit our QIWI trade on Monday morning.


Current Portfolio:


BULLISH Play Updates

Autodesk, Inc. - ADSK - close: 47.74 change: +2.23

Stop Loss: 44.90
Target(s): 49.85
Current Gain/Loss: + 2.6%

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:
12/14/13: ADSK rallied to a new multi-year high on Friday. Shares hit $48.39 before paring their gains. The stock ended the session up +4.9%. Oddly enough I can't find any specific news to account for this display of relative strength.

Tonight we are adjusting our exit target to $49.85.
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

12/14/13 adjust exit target to $49.85

chart:



Comerica Inc. - CMA - close: 45.04 change: -0.47

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 1.6%

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:
12/14/13: CMA did not see any follow through on Thursday's bounce. The stock reversed and retested short-term technical support at its 30-dma. I remain concerned that CMA's upward momentum has stalled. More conservative traders may want to just exit early now. 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.

chart:



Fifth & Pacific Companies, Inc. - FNP - close: 32.31 change: -0.03

Stop Loss: 31.95
Target(s): 38.50
Current Gain/Loss: - 5.1%

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:
12/14/13: FNP only lost three cents on Friday but that doesn't tell the whole story. On Friday afternoon shares dipped below recent support at $32.20 but bounced near the $32.00 level just as quickly.

The stock is not cooperating. Traders may want to just exit early now. Technically FNP's performance last week has created a bearish engulfing candlestick reversal pattern on its weekly chart.

I am not suggesting new positions.

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

*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.

chart:



Groupon, Inc. - GRPN - close: 10.24 change: -0.16

Stop Loss: 9.65
Target(s): 12.50
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 12, 2013
Time Frame: to 8 weeks
Average Daily Volume = 18.4 million
New Positions: Yes, see below

Comments:
12/14/13: GRPN has spent the last couple of days consolidating sideways between short-term resistance near $10.60 and short-term technical support at its simple 50-dma (near $10.00). There is no change from my Thursday night new play description.

Earlier Comments:
The stock price peaked in mid September at $12.64. Shares closed at $8.75 on December 2nd. That's -30% correction. That December low also marked a test of technical support at its rising 200-dma. The stock has recently picked up speed with a bounce from recent support near the $9.00 area thanks in part to some bullish analyst comments and a new $15 price target.

I am suggesting a trigger to open small bullish positions at $10.70. If triggered our target is $12.50.

FYI: A rally past $11.00 will create a new buy signal on GRPN's point & figure chart.

Trigger @ $10.70

Suggested Position: buy GRPN stock @ (trigger)

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

Buy the 2014 FEB $12 call (GRPN1422b12) current ask $0.55

chart:




Johnson Controls Inc. - JCI - close: 50.00 change: +0.01

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:
12/14/13: Hmm... JCI didn't see a lot of movement on Friday. Shares continued to hover near round-number support at $50.00 and technical support at its 20-dma (near $50). We are still on the sidelines. Let's give JCI another day to move before we drop it. 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)

chart:



Qiwi plc - QIWI - close: 52.12 change: +2.46

Stop Loss: 44.75
Target(s): 54.50
Current Gain/Loss: + 9.6%

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:
12/14/13: The rally in QIWI continued on Friday. Shares displayed relative strength again with a +4.95% gain. The stock was up +8.1% at its best levels of the day (53.69).

You'll notice on the chart below that QIWI rallied up to tag its trend line of higher highs and then pared its gains. We are suggesting an immediate exit to lock in gains. Exit on Monday morning at the opening bell.

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

*small positions*

current Position: long QIWI stock @ $47.55

12/14/13 prepare to exit immediately
12/12/13 triggered @ 47.55

chart:



BEARISH Play Updates

CGI Group, Inc. - GIB - close: $33.75 change: +0.03

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:
12/14/13: GIB dipped to $33.31 before bouncing and closing virtually unchanged on Friday. We're still waiting for a drop below its early November 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.

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)

chart: