Editor's Note:
Some of our bullish candidates were still showing relative strength on Monday in spite of the generally down day for Wall Street.

AMD and CTRP were triggered. We want to close our BANR trade at the open tomorrow.

Current Portfolio:


BULLISH Play Updates

Advanced Micro Devices - AMD - close: 2.67 change: +0.08

Stop Loss: 2.39
Target(s): 3.25
Current Gain/Loss: + 0.8%

Entry on January 07 at $2.65
Listed on January 05, 2012
Time Frame: to be determined
Average Daily Volume = 21.2 million
New Positions: Yes, see below

Comments:
01/07/13: Our brand new trade on AMD is open. The stock continued to show relative strength with a +3.0% gain on Monday. The breakout past short-term resistance at $2.60 is bullish and AMD hit our trigger to launch bullish positions at $2.65.

Earlier Comments:
It looks like AMD has finally found a bottom and all the selling has been exhausted. The stock could see a short squeeze. The most recent data listed short interest at almost 20% of the float.

Please note that this is a higher-risk, more aggressive trade. The 100-dma and the $3.00 level could prove to be resistance for this stock. I am suggesting readers keep their position size small. Don't go overboard just because the share price is cheap.

Keep in mind that normally we do not hold over a company's earnings report. Right now AMD is scheduled to report on January 22nd. If we choose to exit it could definitely limit how much time we have for this trade to work.

*Small Positions*

current Position: long AMD stock @ $2.65



Alpha Natural Resources - ANR - close: 10.60 change: +0.22

Stop Loss: 9.39
Target(s): 12.50
Current Gain/Loss: + 2.4%

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:
01/07/13: ANR is also showing relative strength on Monday. The stock extended its run to three gains in a row. Nimble traders might want to look for a dip before launching positions.

Earlier Comments:
ANR could see a short squeeze. 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. 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



Banner Corp. - BANR - close: 30.62 change: -0.48

Stop Loss: 29.70
Target(s): 34.00
Current Gain/Loss: + 0.4%

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:
01/07/13: I am losing patience with our BANR trade. Shares underperformed the market today with a -1.5% decline. There is still technical support at the 30-dma and 40-dma yet it looks like BANR is threatening to breakdown from its bullish channel.

Readers may want to hold on and just manage your stop loss but we are giving up here. I am suggesting an early exit at the open tomorrow.

*Small Positions*

current Position: Long BANR stock @ $30.49

01/07/13 plan to exit at the open tomorrow morning
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.



Ball Corp. - BLL - close: 46.09 change: -0.41

Stop Loss: 44.40
Target(s): 48.40
Current Gain/Loss: + 5.1%

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:
01/07/13: After last week's big gains BLL is seeing some profit taking with a -0.88% decline today. Broken resistance near $45.00 should be new support. 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



Ctrip.com Intl. - CTRP - close: 23.70 change: +0.11

Stop Loss: 22.75
Target(s): 27.00
Current Gain/Loss: - 1.0%

Entry on January 07 at $23.93
Listed on January 05, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.1 million
New Positions: see below

Comments:
01/07/13: Our new trade on CTRP has been triggered. I was suggesting a trigger to open bullish positions at $23.85. This morning shares of CTRP were upgraded before the bell and that helped CTRP gap open higher. Shares opened at $23.93, immediately trigging our trade. The rally faded and CTRP saw its gains pare back to just +0.4% but that's still outperforming the market today.

I would still consider new positions now or you could wait for a new rise past $23.85.

Earlier Comments:
CTRP could see another short squeeze. The most recent data listed short interest at 16% of the float. We do want to keep our position size small to limit our risk.

*Small Positions*

current Position: Long CTRP stock @ $23.93

01/07/13 trade opened on gap higher at $23.93. trigger was 23.85



Dunkin' Brand Group - DNKN - close: 34.39 change: +0.62

Stop Loss: 32.25
Target(s): 35.75
Current Gain/Loss: + 5.8%

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:
01/07/13: DNKN quickly reversed off its morning lows and rallied to new relative highs with a +1.8% gain by the closing bell. I am raising our stop loss to $32.25.

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

01/07/13 new stop loss @ 32.25
01/05/13 new stop loss @ 31.90
12/24/12 triggered @ $32.50



Lennar Corp. - LEN - close: 41.22 change: +0.99

Stop Loss: 38.40
Target(s): 44.50
Current Gain/Loss: + 2.7%

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:
01/07/13: One of LEN's rivals was upgraded this morning and that helped boost the whole industry. Shares of LEN outperformed the market with a +2.4% gain and closed at new multi-year highs.

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



Pandora Media - P - close: 10.50 change: +0.05

Stop Loss: 9.40
Target(s): 11.25
Current Gain/Loss: + 9.4%

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:
01/07/13: Pandora managed to extend its gains on Monday but only by a nickel. I am surprised the stock didn't show more strength considering the company's press release out today. Here are some of the highlights:

* Listener hours for Pandora during the month of December 2012 were 1.39 billion, an increase of 54% from 906 million during the same period last year.

* Share of total U.S. radio listening for Pandora in December 2012 was 7.19%, an increase from 4.71% at the same time last year.

* Active listeners were 67.1 million at the end of December 2012, an increase of 41% from 47.6 million during the same time period last year.

Pandora did see a big rally last week so maybe the stock just needs to rest a bit. The rally today seemed to be hampered by technical resistance at the simple 300-dma. I am not suggesting new positions at this time.

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



Tenneco Inc. - TEN - close: 34.92 change: -0.48

Stop Loss: 33.75
Target(s): 36.85
Current Gain/Loss: + 5.3%

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:
01/07/13: TEN has seen three days of profit taking. Shares have pulled back to technical support at the simple 10-dma. This has been relatively consistent support over the last few weeks. 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



BEARISH Play Updates

Endo Health Solutions - ENDP - close: 25.96 change: +0.90

Stop Loss: 26.75
Target(s): 20.50
Current Gain/Loss: - 2.2%

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:
01/07/13: Ouch! ENDP recouped almost all of its big decline from Friday. The closed back above what should have been resistance at $25.50 is a concern. More conservative traders may want to lower their stops. I am not suggesting new positions at the moment.

current Position: short ENDP stock @ $25.39

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