Editor's Note:
The market's major averages managed a bounce today. We are updating a few stop losses following this move.


Current Portfolio:


BULLISH Play Updates

Advanced Micro Devices - AMD - close: 2.63 change: -0.04

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:
01/09/13: As expected shares of AMD have retested the $2.60 level. I would use this dip as a new entry point.

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: 9.90 change: -0.40

Stop Loss: 9.39
Target(s): 12.50
Current Gain/Loss: - 4.3%

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:
01/09/13: Hmm... the relative weakness in ANR today (-3.8%) is troubling. The close under $10.00 is short-term bearish. The stock seems to be trying to hold at the rising 10-dma. I would wait for a new rally above $10.15 before launching new bullish 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



Ball Corp. - BLL - close: 45.61 change: +0.20

Stop Loss: 44.40
Target(s): 48.40
Current Gain/Loss: + 4.0%

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:
01/09/13: BLL managed a decent bounce this morning but gave most of it back by the closing bell. There is no change from my prior comments. Readers might want to raise their stops closer to the $45.00 level. 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: 23.57 change: +0.21

Stop Loss: 22.75
Target(s): 27.00
Current Gain/Loss: - 1.5%

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:
01/09/13: CTRP rallied this morning but struggled with the $24.00 level. The stock spent the rest of the day churning sideways. CTRP may still test the 10-dma before moving higher again. Or you could wait for a new rise past $24.00 as an entry point.

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: 34.97 change: +0.86

Stop Loss: 32.75
Target(s): 35.75
Current Gain/Loss: + 7.6%

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:
01/09/13: DNKN was upgraded this morning and that helped push the stock to a +2.5% gain. The stock did pause at round-number resistance at the $35.00 level. More conservative traders may want to take profits now. Our March $35 calls have doubled (+100%). I am raising our stop loss to $32.75. I am not suggesting new positions at this time.

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

01/09/13 new stop loss @ 32.75
01/07/13 new stop loss @ 32.25
01/05/13 new stop loss @ 31.90
12/24/12 triggered @ $32.50



Coal ETF - KOL - close: 25.84 change: -0.07

Stop Loss: 24.40
Target(s): 29.85
Current Gain/Loss: - 1.0%

Entry on January 08 at $26.10
Listed on January 07, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 190 thousand
New Positions: see below

Comments:
01/09/13: It was a relatively quiet day for the KOL ETF. There is no change from my prior comments. Readers may want to wait for a new bounce off $25.50 or a new rise past $26.50 as alternative entry points.

Our multi-week target is $29.85. More aggressive traders may want to aim higher. FYI: The Point & Figure chart for KOL is bullish with a $35.00 target.

Suggested Position: Long the KOL (etf) @ $26.10

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

Long APR $27 call (KOL1320D27) entry $1.03



Lennar Corp. - LEN - close: 41.71 change: +0.54

Stop Loss: 38.40
Target(s): 44.50
Current Gain/Loss: + 3.9%

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:
01/09/13: LEN continues to rally and hit new multi-year highs with today's +1.3% gain. Keep in mind that we only have a few days left. Readers may want to start scaling out of positions. LEN is scheduled to report earnings on January 15th. We do not want to hold over the 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: 10.63 change: +0.49

Stop Loss: 9.65
Target(s): 11.25
Current Gain/Loss: +10.7%

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:
01/09/13: Good news! There was no follow through on yesterday's bearish reversal candlestick pattern. Instead Pandora reversed higher and outperformed the market with a +4.8% gain and a close above its 300-dma. I am raising our stop loss up to $9.65.

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

01/09/13 new stop loss @ 9.65
01/05/13 new stop loss @ 9.40, adjust exit target to $11.25



Tenneco Inc. - TEN - close: 35.71 change: +0.37

Stop Loss: 33.75
Target(s): 36.85
Current Gain/Loss: + 7.7%

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:
01/09/13: TEN gapped open higher and rallied toward $36.00 before paring its gains. Please note our new stop loss at $34.25. 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

01/09/13 new stop loss @ 34.25
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



Thor Industries - THO - close: 40.39 change: +0.76

Stop Loss: 38.40
Target(s): 44.50
Current Gain/Loss: +0.6%

Entry on January 09 at $40.15
Listed on January 08, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 647 thousand
New Positions: see below

Comments:
01/09/13: Our brand new play on THO is off to a strong start. Shares outperformed the market with a +1.9% gain and a breakout past resistance near $40.00. Our trigger to open bullish positions was hit at $40.15.

current Position: Long THO stock @ $40.15



BEARISH Play Updates


None. We do not have any active bearish trades.