Editor's Note:
The U.S. market failed to see any follow through on yesterday's post-Fed meeting rally. That could raise some eyebrows about the strength of the rally.

WAGE hit our entry trigger. FNP was closed. ACM hit our stop loss.


Current Portfolio:


BULLISH Play Updates

Autodesk, Inc. - ADSK - close: 48.05 change: -0.23

Stop Loss: 46.40
Target(s): 49.85
Current Gain/Loss: + 3.2%

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:
12/19/13: Thursday was a very quiet day for shares of ADSK. The stock drifted sideways along the $48.00 level. 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

12/18/13 new stop loss @ 46.40
12/14/13 adjust exit target to $49.85



Comerica Inc. - CMA - close: 46.54 change: +0.18

Stop Loss: 44.90
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:
12/19/13: Shares of CMA were downgraded this morning and the stock gapped down in reaction. Yet traders bought the dip and CMA rebounded to a new high. 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*

12/18/13 new stop loss @ 44.90
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.



Delphi Automotive - DLPH - close: 58.97 change: -1.16

Stop Loss: 57.90
Target(s): 65.00
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 18, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.4 million
New Positions: Yes, see below

Comments:
12/19/13: DLPH retreated from resistance near the $60.00 level. The stock underperformed the broader market with a -1.9% decline today. I didn't see any news that might explain today's weakness. The British stock market was up sharply today (likely a reaction to the U.S. move higher yesterday). If DLPH continues to sink tomorrow we might drop it as a candidate. Currently we are suggesting a trigger to open bullish positions at $60.50. If triggered our multi-week target is $65.00. If DLPH can trade above $61.00 its point & figure chart will produce a new buy signal.

Trigger @ $60.50

Suggested Position: buy DLPH stock @ (trigger)



Groupon, Inc. - GRPN - close: 11.65 change: +0.38

Stop Loss: 10.40
Target(s): 12.50
Current Gain/Loss: + 8.9%

Entry on December 17 at $10.70
Listed on December 12, 2013
Time Frame: to 8 weeks
Average Daily Volume = 18.4 million
New Positions: see below

Comments:
12/19/13: There doesn't appear to be any slowdown in GRPN's rally. Shares outperformed the market again with a +3.3% gain today. I am raising our stop loss to $10.40.

Earlier Comments:
Our target is $12.50. A rally past $11.00 will create a new buy signal on GRPN's point & figure chart.

current Position: Long GRPN stock @ $10.70

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

Long 2014 FEB $12 call (GRPN1422b12) entry $0.67

12/19/13 new stop loss @ 10.40
12/18/13 new stop loss @ 9.95
12/17/13 triggered at $10.70




21Vianet Group, Inc. - VNET - close: 21.44 change: -0.41

Stop Loss: 19.45
Target(s): 24.90
Current Gain/Loss: + 1.1%

Entry on December 18 at $21.20
Listed on December 17, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 614 thousand
New Positions: see below

Comments:
12/19/13: VNET spiked to a new high at $22.59 this morning and then spent the rest of the day slowly sinking lower. After a +6.6% gain yesterday it's not surprising to see a little decline today.

Earlier Comments:
We want to keep our position size small for a reason. First, VNET has obviously been very volatile over the last couple of months. That could make it tough to trade. Second, the post-IPO high from back in 2011 is $22.33 and that could be significant overhead resistance. I am not listing the options on VNET because the spreads are a bit too wide to trade. However, using the options could limit your risk.

*small positions*

current Position: Long VNET stock @ $21.20

12/18/13 triggered @ 21.20



WageWorks, Inc. - WAGE - close: 59.86 change: -0.59

Stop Loss: 57.75
Target(s): 67.50
Current Gain/Loss: -1.1%

Entry on December 19 at $60.55
Listed on December 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 347 thousand
New Positions: see below

Comments:
12/19/13: As expected WAGE did hit our suggested entry point at $60.55 this morning. The stock quickly reversed but traders bought the dip at $59.25 this afternoon. I would wait for a new rally above $60.50 before initiating new positions.

current Position: long WAGE stock @ $60.55

12/19/13 triggered at $60.55



BEARISH Play Updates

Cisco Systems - CSCO - close: 21.07 change: +0.07

Stop Loss: 21.55
Target(s): 17.00
Current Gain/Loss: - 1.6%

Entry on December 17 at $20.74
Listed on December 14, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 50 million
New Positions: see below

Comments:
12/19/13: CSCO is not really cooperating. Shares displayed relative strength today with a +0.33% gain and another close above the $21.00 level. The stock looks poised to challenge resistance at its trend line of lower highs (near $22.25). More conservative investors may want to consider an early exit now or lower their stop loss. I am not suggesting new positions.

current Position: short CSCO stock @ $20.74

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

Long Feb $20 PUT (CSCO1422n20) entry $0.63

12/18/13 CSCO is not cooperating and traders may want to exit early or lower their stop loss.
12/17/13 trade opens. CSCO @ $20.74
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



CLOSED BULLISH PLAYS

Fifth & Pacific Companies, Inc. - FNP - close: 32.23 change: -0.72

Stop Loss: 31.95
Target(s): 38.50
Current Gain/Loss: - 3.6%

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:
12/19/13: Our plan was to exit positions at the opening bell this morning. Thank goodness we did since FNP underperformed the market with a -2.1% decline. Shares opened at $32.84, a gap down of 11 cents.

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

*small positions*

closed Position: long FNP stock @ $34.05 exit $32.84 (-3.6%)

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

2014 Jan $35 call (FNP1418a35) entry $1.15* exit $0.50** (-56.5%)

12/19/13 planned exit this morning
**option exit price is an estimate since the option did not trade at the time our play was closed.
12/18/13 prepare to exit immediately
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:



CLOSED BEARISH PLAYS

AECOM Technology - ACM - close: 28.77 change: +0.57

Stop Loss: 28.60
Target(s): 24.25
Current Gain/Loss: - 3.3%

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:
12/19/13: The oversold bounce in shares of ACM continued on Thursday and shares added +2.0%. Our stop loss was hit at $28.60. The recent breakdown below support near $28.00 is starting to look like a bear trap.

*Small positions *

closed Position: short ACM stock @ $27.68 exit $28.60 (-3.3%)

12/19/13 stopped out
12/16/13 trade opened on gap higher at $27.68

chart: