Editor's Note:
Shares of SouFun Holdings (SFUN) hit our bullish target on Friday. Elsewhere ANR and ENDP were triggered. TEVA was stopped out.

Current Portfolio:


BULLISH Play Updates

Alpha Natural Resources - ANR - close: 10.38 change: +0.23

Stop Loss: 9.39
Target(s): 12.50
Current Gain/Loss: + 0.3%

Entry on January 04 at $10.35
Listed on January 03, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 16.2 million
New Positions: see below

Comments:
01/05/13: Our new play on ANR is off to a strong start. Shares continued to rally on Friday and hit new multi-month highs. Our trigger to open bullish positions was hit at $10.35. I would still consider new positions now.

The most recent data listed short interest at 20% of the 218 million share float. This bullish breakout past resistance near $10.00 could inspire some short covering.

Plus, the point & figure chart is bullish and suggesting a $16 target.

Earlier Comments:
The last couple of years have been horrible for ANR's stock price. Yet shares have been building a bottom for the last six months. Now ANR is starting to rebound.

If triggered our target is $12.50. More aggressive traders could aim higher.

current Position: Long ANR stock @ $10.35

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

Long Mar $12 call (ANR1316c12) entry $0.53

chart:



Banner Corp. - BANR - close: 31.10 change: -0.14

Stop Loss: 29.70
Target(s): 34.00
Current Gain/Loss: + 2.0%

Entry on November 21 at $30.49
Listed on November 20, 2012
Time Frame: 8 to 10 weeks
Average Daily Volume = 157 thousand
New Positions: see below

Comments:
01/05/13: BANR continues to plod along. The stock is hovering along the bottom edge of its bullish channel. Shares were showing some relative weakness on Friday. I am raising our stop loss to $29.70. I am not suggesting new positions at this time.

Earlier Comments:
NOTE: BANR doesn't move very fast. This trade could take a couple of months.

*Small Positions*

current Position: Long BANR stock @ $30.49

01/05/13 new stop loss @ 29.70
12/15/12 new stop loss @ 29.40
11/21/12 out trade opened on the gap higher.

chart:



Ball Corp. - BLL - close: 46.50 change: +0.06

Stop Loss: 44.40
Target(s): 48.40
Current Gain/Loss: + 6.0%

Entry on November 06 at $43.85
Listed on November 3, 2012
Time Frame: exit prior to earnings on Jan. 31st
Average Daily Volume = 687 thousand
New Positions: see below

Comments:
01/05/13: The relative strength in BLL this past week has been very encouraging. It's been so encouraging that we're actually raising our exit target. Last week we adjusted the exit target down to $47.00. Today I am raising higher to $48.40. Naturally more conservative traders may want to take profits now or plan to exit at $47.00 instead. I am not suggesting new positions at this time.

Please note that we do want to exit prior to the earnings report on January 31st.

current Position: Long BLL stock @ $43.85

01/05/13 adjusting the exit target to $48.40
01/02/13 new stop loss @ 44.40, adjust target to $47.00
12/20/12 new stop loss @ 43.85
12/12/12 new stop loss @ 43.45
11/24/12 new stop loss @ 43.25
11/17/12 new stop loss @ 42.55
11/06/12 triggered @ 43.85

chart:



Dunkin' Brand Group - DNKN - close: 33.77 change: -0.03

Stop Loss: 31.90
Target(s): 35.75
Current Gain/Loss: + 3.9%

Entry on December 24 at $32.50
Listed on December 22, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.1 million
New Positions: see below

Comments:
01/05/13: Hmm... DNKN did not participate with the market's rally on Friday. That's a bit surprising and definitely disappointing. Traders were buying the dips near $33.50 all day long. The overall trend is up but I am not suggesting new positions at this time. We will raise our stop loss to $31.90.

FYI: DNKN will be presenting at an analyst conference on Wednesday, January 16th.

FYI: The Point & Figure chart for DNKN is bullish with a long-term $64 target.

current Position: Long DNKN stock @ $32.50

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

Long 2013 Mar $35 call (DNKN1316c35) entry $0.65

01/05/13 new stop loss @ 31.90
12/24/12 triggered @ $32.50

chart:



Lennar Corp. - LEN - close: 40.23 change: +0.32

Stop Loss: 38.40
Target(s): 44.50
Current Gain/Loss: + 0.2%

Entry on January 03 at $40.15
Listed on January 02, 2012
Time Frame: exit before the Jan. 15th earnings report
Average Daily Volume = 4.0 million
New Positions: see below

Comments:
01/05/13: LEN is looking better today thanks to Friday's +0.8% gain and a new close above major resistance at $40.00.

The stock had been troubling us with a potential failed rally at resistance the last few days. I would use Friday's close above $40 as a new bullish entry point. More conservative traders could wait for a move past $40.50 instead.

NOTE: Our time frame for this trade has changed significantly! It looks like LEN is scheduled to report earnings on January 15th. We normally do not like holding over an earnings report.

*Small Positions*

current Position: Long LEN stock @ $40.15

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

Long Feb $40 call (LEN1316B40) entry $1.95

chart:



Pandora Media - P - close: 10.45 change: +0.45

Stop Loss: 9.40
Target(s): 11.25
Current Gain/Loss: + 8.9%

Entry on January 03 at $9.60
Listed on January 02, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 5.8 million
New Positions: see below

Comments:
01/05/13: Wow! Our Pandora play is moving a lot faster than expected. I told readers that the stock could see a short squeeze. That's what the current rally looks like, a short squeeze. The breakout past its 200-dma and the $10.00 level this past week is very bullish.

We are adjusting our exit target and moving it higher from $10.75 to $11.25. More conservative traders may want to take profits now since P is hovering just beneath its simple 300-dma. I am not suggesting new positions at this time. We will raise our stop loss to $9.40.

Earlier Comments:
Please note that I do consider this an aggressive, higher risk trade. Not only is P a somewhat volatile stock but in addition to resistance at $9.50 there is also potential resistance at the 200-dma (near 9.65), the exponential 200-dma (near $10.00) and the $10.00 level itself. If Pandora is able to breakout it could spark a short squeeze. The most recent data listed short interest at 60% of the 110.9 million-share float.

*Small Positions*

current Position: Long P stock @ $9.60

01/05/13 new stop loss @ 9.40, adjust exit target to $11.25

chart:



Tenneco Inc. - TEN - close: 35.40 change: -0.80

Stop Loss: 33.75
Target(s): 36.85
Current Gain/Loss: + 6.8%

Entry on December 12 at $33.15
Listed on December 04, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 517 thousand
New Positions: see below

Comments:
01/05/13: Ouch! After soaring to new multi-month highs on Wednesday TEN is seeing some profit taking. The stock really underperformed on Friday with a -2.2% decline. There should be short-term technical support at the 10-dma near $34.81 but I would not be surprised to see a dip into the $34.50-34.00 zone. The stock almost hit our exit target on Thursday. More conservative traders may want to exit now. I am not suggesting new positions at this time.

Earlier Comments:
We need to be patient with TEN. The stock does not move very fast.

*Small positions*

current Position: Long TEN stock @ $33.15

01/02/13 new stop loss @ 33.75, adjust target to $36.85
12/27/12 new stop loss @ 32.90
12/22/12 new stop loss @ 32.45
12/15/12 new stop loss @ $31.85

chart:



BEARISH Play Updates

Endo Health Solutions - ENDP - close: 25.06 change: -1.19

Stop Loss: 26.75
Target(s): 20.50
Current Gain/Loss: + 1.3%

Entry on January 04 at $25.39
Listed on December 29, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.9 million
New Positions: see below

Comments:
01/05/13: Look out below! ENDP has produced a significant reversal lower. We were starting to wonder if ENDP was going to breakout higher from its sideways trading range. The move was fueled by news on Thursday night that ENDP had lowered its earnings guidance. Investors naturally responded by selling the stock.

ENDP gapped open lower at $25.39 on Friday morning. Since our entry trigger to open bearish positions was $25.40 our trade opened immediately. ENDP closed near its lows, which is a good sign for the bears on Monday. However it is possible the $25.00 level is round-number support so you may want to wait for a drop beneath $25.00 before initiating new positions at this point.

current Position: short ENDP stock @ $25.39

01/04/13 trade opened on gap down at $25.39. trigger was $25.40

chart:



CLOSED BULLISH PLAYS

SouFun Holdings - SFUN - close: 26.63 change: +0.13

Stop Loss: 23.75
Target(s): 26.85
Current Gain/Loss: +11.0%

Entry on December 24 at $24.19
Listed on December 22, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 357 thousand
New Positions: see below

Comments:
01/05/13: Target achieved.

SFUN hit $26.91 on Friday. Our exit target was $26.85. The trend is still up but I would be careful. The 2011 high and all-time high is $27.57 and it could prove to be resistance.

*Small Positions*

closed Position: Long SFUN stock @ $24.19 exit $26.85 (+11.0%)

01/04/13 target hit
01/02/13 new stop loss @ 23.75, adjust the exit target down to $26.85

chart:




CLOSED BEARISH PLAYS

Teva Pharmaceuticals - TEVA - close: 38.04 change: +0.41

Stop Loss: 38.05
Target(s): 35.10
Current Gain/Loss: - 2.3%

Entry on December 27 at $37.20
Listed on December 22, 2012
Time Frame: 2 to 4 weeks
Average Daily Volume = 6.9 million
New Positions: see below

Comments:
01/05/13: TEVA followed the market higher on Friday and hit our stop loss at $38.05.

Earlier Comments:
This is somewhat of an aggressive trade. Short interest has probably increased over the last few days. The $35.00 level could be support as it was back in the year 2011. Readers will want to seriously consider using the put options to limit your risk.

*Small Positions*

closed Position: short TEVA stock @ $37.20 exit $38.05 (-2.3%)

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

2013Jan $37.50 PUT (TEVA1319m37.5) entry $0.80 exit $0.29 (-63.7%)

01/04/13 stopped out at $38.05

chart: