Editor's Note:
We are updating a few stop losses following the market's recent strength. Unfortunately our ANR trade has been stopped out.

Prepare to exit our LEN trade on Monday at the close.


Current Portfolio:


BULLISH Play Updates

Advanced Micro Devices - AMD - close: 2.67 change: +0.05

Stop Loss: 2.49
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:
01/12/13: After consolidating for a couple of days AMD bounced off is rising 10-dma and rebounded to a +1.9% gain on Friday. We can use this encouraging turn of events as a new bullish entry point to buy AMD. Keep in mind we may choose to exit prior to its earnings report on January 22nd.

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

01/10/13 new stop loss @ 2.49, AMD's momentum might be stalling.

chart:



Ball Corp. - BLL - close: 45.40 change: -0.21

Stop Loss: 44.40
Target(s): 48.40
Current Gain/Loss: + 3.5%

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:
01/12/13: BLL faded lower on Friday. Shares should find support near $45.00 or at its rising 50-dma. 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:



Ctrip.com Intl. - CTRP - close: 24.28 change: +0.34

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:
01/12/13: CTRP displayed some relative strength on Friday with a +1.4% gain and a new multi-month high. Readers can use this move as a new bullish 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

chart:



Changyou.com Ltd. - CYOU - close: 30.44 change: +0.06

Stop Loss: 27.75
Target(s): 34.75
Current Gain/Loss: + 0.6%

Entry on January 10 at $30.25
Listed on January 09, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 166 thousand
New Positions: see below

Comments:
01/12/13: CYOU continues to extend its gains although gains were pretty mild on Friday. The stock is arguably short-term overbought but the breakout past resistance at the $30.00 level is bullish. I am suggesting new positions now. More nimble traders may want to wait and buy CYOU on a dip if one appears.

Earlier Comments:
I do consider this an aggressive, higher-risk trade. CYOU can be a volatile stock. Thus we want to limit our position size to reduce our exposure.

*Small Positions*

current Position: Long CYOU stock @ $30.25

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

Long Feb $30 call (CYOU1316B30) entry $1.90

chart:



Dunkin' Brand Group - DNKN - close: 34.36 change: -0.42

Stop Loss: 32.75
Target(s): 35.75
Current Gain/Loss: + 5.7%

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:
01/12/13: DNKN is off its highs for the week but the overall trend is still up. Shares have pulled back to short-term technical support at its rising 10-dma. More conservative traders may want to take profits early or raise their stop loss. I am not suggesting new positions at this time.

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

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

chart:



Granite Construction - GVA - close: 34.41 change: -0.45

Stop Loss: 33.90
Target(s): 39.00
Current Gain/Loss: unopened

Entry on January xx at $ xx.xx
Listed on January 10, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 250 thousand
New Positions: Yes, see below

Comments:
01/12/13: Shares of GVA have been hovering inside the $34-35 zone for almost two weeks. A breakout past $35.00 would be a new multi-year high.

I am suggesting a trigger to open small bullish positions at $35.10. If triggered our target is $39.00. We want to keep our position small because GVA doesn't see a lot of volume. That could leave it vulnerable to volatility.

Trigger @ 35.10 *Small Positions*

Suggested Position: buy GVA stock @ (trigger)

chart:



Coal ETF - KOL - close: 25.47 change: -0.59

Stop Loss: 24.85
Target(s): 29.85
Current Gain/Loss: - 2.4%

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:
01/12/13: Coal stocks were underperforming on Friday. The KOL lost -2.2% and closed beneath what should have been support near $25.50 and its simple 200-dma. More conservative traders may want to raise their stop loss. I would still be tempted to buy a bounce from current levels but you may want to keep your position size small to limit your risk.

We will adjust our stop loss to $24.85.

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

01/12/13 new stop loss @ 24.85

chart:



Lennar Corp. - LEN - close: 40.95 change: -0.07

Stop Loss: 39.95
Target(s): 44.50
Current Gain/Loss: + 2.0%

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:
01/12/13: LEN has been struggling with resistance near the $42.00 level this past week. Our play on LEN is almost up. LEN is scheduled to report earnings on the morning of January 15th. We will plan to exit on Jan. 14th at the closing bell (Monday) to avoid holding over the announcement.

I am raising our stop loss to $39.95.

*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

01/12/13 new stop loss @ 39.95, close positions on Monday at the closing bell
01/10/13 new stop loss @ 39.65, prepare to exit on the 14th.

chart:



Pandora Media - P - close: 11.02 change: +0.16

Stop Loss: 10.35
Target(s): 11.25
Current Gain/Loss: +14.8%

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:
01/12/13: Pandora is still showing relative strength. The stock added another +1.4% to cap a week of gains. The stock is arguably short-term overbought so readers might want to consider taking profits early. Right now we are aiming to exit at $11.25. Please note our new stop loss at $10.35.

Earlier Comments:
Please note that I do consider this an aggressive, higher risk trade. 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

01/12/13 new stop loss @ 10.35
01/10/13 new stop loss @ 9.95
01/09/13 new stop loss @ 9.65
01/05/13 new stop loss @ 9.40, adjust exit target to $11.25

chart:



Tenneco Inc. - TEN - close: 35.40 change: -0.38

Stop Loss: 34.65
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:
01/12/13: TEN faded lower on Friday to post a -1.0% decline. The trend of higher highs and higher lows is still in force. I am raising our stop loss up to $34.65. More conservative traders may want to take profits now.

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

01/12/13 new stop loss @ 34.65
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

chart:



Thor Industries - THO - close: 41.20 change: +0.34

Stop Loss: 38.85
Target(s): 44.50
Current Gain/Loss: + 2.6%

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:
01/12/13: The rally continues for THO. The stock is up six days in a row. I am a little worried that shares are short-term overbought and due for a pullback. Look for support near the $40.00 mark. I am raising our stop loss to $38.85.

current Position: Long THO stock @ $40.15

01/12/13 new stop loss @ 38.85

chart:



BEARISH Play Updates


None. We do not have any active bearish trades.



CLOSED BULLISH PLAYS

Alpha Natural Resources - ANR - close: 9.55 change: -0.22

Stop Loss: 9.39
Target(s): 12.50
Current Gain/Loss: - 9.3%

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:
01/12/13: Our ANR trade has gone bust and shares hit our stop at $9.39 on Friday. There was no follow through on ANR's bullish breakout past resistance at $10.00. There was no short squeeze. Instead ANR has been underperforming both the market and its peers in the coal industry with a four-day decline.

closed Position: Long ANR stock @ $10.35 exit @ $9.39 (-9.3%)

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

Mar $12 call (ANR1316c12) entry $0.53 exit $0.22 (-58.5%)

chart: