Editor's Note:
Shares of QIWI exceeded our bullish target on Monday thanks to a gap open higher.

We are adjusting our entry point strategy on CSCO.


Current Portfolio:


BULLISH Play Updates

Autodesk, Inc. - ADSK - close: 47.19 change: -0.56

Stop Loss: 44.90
Target(s): 49.85
Current Gain/Loss: + 1.4%

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:
12/16/13: After big gains on Friday (+4.9%) the stock suffered some profit taking today (-1.1%). I am not suggesting new positions at this time.

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



Comerica Inc. - CMA - close: 45.56 change: +0.52

Stop Loss: 44.40
Target(s): 49.90
Current Gain/Loss: - 0.4%

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:
12/16/13: The stock market's widespread gains on Monday helped CMA erase Friday's decline. Yet CMA seems to be struggling with resistance in the $45.80 area. 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: 33.11 change: +0.80

Stop Loss: 31.95
Target(s): 38.50
Current Gain/Loss: - 2.8%

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:
12/16/13: It looks like our FNP trade might just survive. The stock displayed some relative strength with a +2.4% bounce from support in the $32.00-32.20 zone.

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.



Groupon, Inc. - GRPN - close: 10.36 change: +0.12

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:
12/16/13: GRPN rebounded off its Monday morning lows and managed to close up +1.1%. We are still on the sidelines. There is no change from my earlier comments.

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)




Johnson Controls Inc. - JCI - close: 50.95 change: +0.95

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:
12/16/13: JCI bounced from support near $50.00 and managed to outperform the market's major indices with a +1.9% gain. We are still waiting for a breakout to new highs. 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)



Micron Technology - MU - close: 22.77 change: -0.31

Stop Loss: 21.90
Target(s): TBD
Current Gain/Loss: - 1.7%

Entry on December 16 at $23.17
Listed on December 14, 2013
Time Frame: exit PRIOR to earnings on Jan. 7th
Average Daily Volume = 44 million
New Positions: see below

Comments:
12/16/13: It was a disappointing start for our new MU trade. Shares opened higher at $23.17 but the rally quickly ran out of steam. MU did not participate in the market's widespread rally today and that is a potential warning sign.

The simple 10-dma is nearing $22.50 and should offer short-term technical support. Nimble traders might want to try and buy a dip or a bounce near MU's 10-dma.

Earlier Comments:
MU is certainly overbought with a seven-week win streak but that doesn't mean it can't grow more overbought. However, investors may want to limit their position size to reduce risk. We will plan on exiting prior to MU's earnings report on January 7th, 2014.

*Small positions *

current Position: long MU stock @ $23.17

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

Long Jan $23 call (MU1418A23) entry $1.57

12/16/13 trade opened on Monday with MU at $23.17



BEARISH Play Updates

AECOM Technology - ACM - close: 28.28 change: +0.81

Stop Loss: 28.60
Target(s): 24.25
Current Gain/Loss: - 2.2%

Entry on December 16 at $27.68
Listed on December 14, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 525 thousand
New Positions: see below

Comments:
12/16/13: The stock market's very widespread bounce on Monday sparked some short covering in ACM. Shares bounced back toward short-term technical resistance at its simple 10-dma. Our trade opened on the gap open higher at $27.68 this morning. At this time I would wait for a new drop below $28.00 before initiating new positions.

Earlier Comments:
Technically ACM has a bleak outlook. The stock has created a huge bearish head-and-shoulders pattern over the last year. The recent breakdown below support at $28.00 also breaks the neckline to this H&S pattern. The pattern is forecasting a drop toward $21.00. The Point & Figure chart is also bearish and forecasting a drop toward $23.00. Our target is $24.25 since the $24 level could be support.

*Small positions *

current Position: short ACM stock @ $27.68

12/16/13 trade opened on gap higher at $27.68



Cisco Systems - CSCO - close: 20.68 change: +0.44

Stop Loss: 21.55
Target(s): 17.00
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 14, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 50 million
New Positions: Yes, see below

Comments:
12/16/13: Shares of CSCO were not immune to the market's broad-based bounce on Monday. The stock produced a +2.1% gain. Tonight we are adjusting our entry point strategy. We'd like to take advantage of this oversold bounce and launch new bearish positions immediately at the opening bell tomorrow. We'll adjust our stop loss to $21.55.

CSCO should find new overhead resistance near the $21.00 level and the $21.50 level. Nimble traders may want to wait and see if they can launch new bearish positions on a bounce closer to the $21.00 mark but there is no guarantee CSCO will trade that high.

*Launch positions at the opening bell tomorrow*

Suggested Position: short CSCO stock @ (opening bell)

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

Buy the Feb $20 PUT (CSCO1422n20) current ask $0.67

12/16/13 New entry point strategy: launch bearish positions at the opening bell on Tuesday, Dec. 17th. Prior entry point was a trigger at $19.85



CGI Group, Inc. - GIB - close: $33.72 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:
12/16/13: GIB did not participate in the stock market's rally today. That's a good sign for the bears. 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)



CLOSED BULLISH PLAYS

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

Stop Loss: 44.75
Target(s): 54.50
Current Gain/Loss: +14.8%

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:
12/16/13: Target exceeded!

Our exit target for QIWI was $54.50 but after Friday's move we decided in the weekend newsletter to just exit immediately on Monday morning to lock in gains.

The stock surprised us with a gap open higher at $54.59. Shares hit $56.28 before paring their gains.

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

*small positions*

closed Position: long QIWI stock @ $47.55 exit $54.59 (+14.8%)

12/16/13 planned exit. Gap open higher
12/14/13 prepare to exit immediately
12/12/13 triggered @ 47.55

chart: