Editor's Note:
Shares of Tenneco Inc. (TEN) hit our bullish target today. I have removed SMG. LRN was triggered.


Current Portfolio:


BULLISH Play Updates

Advanced Micro Devices - AMD - close: 2.68 change: +0.04

Stop Loss: 2.49
Target(s): 3.25
Current Gain/Loss: + 1.1%

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:
01/15/13: Today traders were buying the dips near $2.60. AMD managed to outperform the major indices with a +1.5% gain.

I am still cautiously bullish on AMD but most traders will want to avoid holding over the company's 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.



Ball Corp. - BLL - close: 45.77 change: +0.18

Stop Loss: 44.40
Target(s): 48.40
Current Gain/Loss: + 4.4%

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:
01/15/13: BLL rallied off is morning lows but shares remain inside the $45-46 trading range. 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: 24.57 change: +0.28

Stop Loss: 22.75
Target(s): 27.00
Current Gain/Loss: + 2.7%

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:
01/15/13: CTRP found support near its rising 10-dma and reversed to close up +1.5%. I would still consider new bullish positions at current levels.

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



Changyou.com Ltd. - CYOU - close: 31.41 change: +0.79

Stop Loss: 28.75
Target(s): 34.75
Current Gain/Loss: + 3.8%

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:
01/15/13: It was a bullish day for CYOU. The stock broke through short-term resistance near the $31.00 level and closed up +2.5%. I am not suggesting new positions at this time. We will raise our stop loss to $28.75.

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

01/15/13 new stop loss @ 28.75



Dunkin' Brand Group - DNKN - close: 34.02 change: -0.03

Stop Loss: 32.75
Target(s): 35.75
Current Gain/Loss: + 4.7%

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:
01/15/13: DNKN spent Tuesday hovering along the $34.00 level. Momentum is definitely waning. I am not suggesting new positions. More conservative traders may want to raise their stops.

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



Granite Construction - GVA - close: 34.86 change: +0.39

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:
01/15/13: GVA displayed relative strength with a +1.1% gain. Traders bought the dip near the bottom of its trading range and the stock looks poised to breakout higher soon.

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)



Coal ETF - KOL - close: 25.43 change: +0.03

Stop Loss: 24.85
Target(s): 29.85
Current Gain/Loss: - 2.6%

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:
01/15/13: KOL managed to close almost unchanged on the session. I don't see any changes from my prior comments. At this point readers may want to wait and see if KOL will bounce off the $25.00 level before considering new bullish positions.

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



Pandora Media - P - close: 10.80 change: -0.27

Stop Loss: 10.35
Target(s): 11.25
Current Gain/Loss: +12.5%

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:
01/15/13: Pandora underperformed the market with a -2.4% decline. I hope that's because some of our readers were taking profits today. Technically today's decline has created a one-day bearish reversal pattern but it needs to see confirmation. I am not suggesting new positions. Readers still in this trade may want to raise their stops again. Our exit target remains $11.25.

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



North American Palladium - PAL - close: 1.73 change: +0.10

Stop Loss: 1.35
Target(s): 2.45
Current Gain/Loss: + 4.8%

Entry on January 14 at $ 1.65
Listed on January 12, 2012
Time Frame: 8 to 9 weeks
Average Daily Volume = 2.8 million
New Positions: see below

Comments:
01/15/13: PAL was on a tear today. The stock rallied to a +6.1% gain and is now challenging its simple 150-dma. The $1.60 level is starting to look like short-term support.

current Position: long PAL stock @ $1.65



Sonic Corp. - SONC - close: 11.10 change: +0.15

Stop Loss: 10.45
Target(s): 12.75
Current Gain/Loss: - 0.4%

Entry on January 14 at $11.15
Listed on January 12, 2012
Time Frame: 8 to 9 weeks
Average Daily Volume = 658 thousand
New Positions: see below

Comments:
01/15/13: Good news! There was no follow through on yesterday's bearish reversal-looking move. Instead traders bought the dip at short-term technical support at the 10-dma. The stock rebounded to close up +1.3%. I would use today's bounce as a new bullish entry point.

Earlier Comments:
Our multi-week target is $12.75. We may have to be patient to give SONC time to get that far. FYI: The Point & Figure chart for SONC is bullish with a $15.50 target.

current Position: Long SONC stock @ $11.15



Thor Industries - THO - close: 41.45 change: +0.56

Stop Loss: 38.85
Target(s): 44.50
Current Gain/Loss: + 3.2%

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:
01/15/13: Hmm... THO is stronger than it looks. Yesterday painted a bearish reversal candlestick pattern yet there was no follow through today. I was really expecting a little pullback. Instead THO bounced to a +1.3% gain today. I would hesitate to chase it here.

Readers might want to raise their stops into the $39.40-39.90 zone.

current Position: Long THO stock @ $40.15

01/12/13 new stop loss @ 38.85



BEARISH Play Updates

K12, Inc. - LRN - close: 19.20 change: -0.17

Stop Loss: 20.60
Target(s): 16.25
Current OPTION Gain/Loss: -17.5%

Entry on January 15 at $18.90
Listed on January 14, 2012
Time Frame: Exit prior to earnings on Feb. 5th
Average Daily Volume = 221 thousand
New Positions: see below

Comments:
01/15/13: As we expected shares of LRN continued to drop. Shares broke down to new four-week lows, broke down below their 50-dma, and broke below the $19.00 level. Our trigger to open bearish positions was hit at $18.90. Unfortunately LRN pared those losses with a decent intraday bounce. I am now concerned that on a short-term basis we could see LRN rebound into the $19.50-20.00 zone. At this point I would wait for a new lower high before launching new positions.

long Feb $20 PUT (LRN1316n20) entry $2.00*

*01/15/13 our entry point on the option is an estimate. There were a few trades at $1.80 this morning before LRN hit our entry point.



CLOSED BULLISH PLAYS

Scotts Miracle-Gro Co. - SMG - close: 44.79 change: -0.20

Stop Loss: 45.45
Target(s): 49.85
Current Gain/Loss: unopened

Entry on January xx at $ xx.xx
Listed on January 12, 2012
Time Frame: Exit prior to earnings on Feb. 5th
Average Daily Volume = 281 thousand
New Positions: see below

Comments:
01/15/13: SMG has been underperforming. I cautioned readers last night that if SMG continues to show weakness we could drop it. Today saw a -0.4% decline and a close beneath what should have offered some support at the $45.00 level.

Our trade has not opened yet (trigger @ $46.50) so I am removing SMG as a candidate.

Trade did not open.

01/15/13 trade did not open.

chart:



Tenneco Inc. - TEN - close: 36.30 change: +0.66

Stop Loss: 34.65
Target(s): 36.85
Current Gain/Loss: +11.2%

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:
01/15/13: Target achieved.

Our patience with TEN has paid off. The stock was showing relative strength today and spiked up to $36.92 intraday. Our exit target was hit at $36.85.

*Small positions*

closed Position: Long TEN stock @ $33.15 exit $36.85 (+11.2%)

01/15/13 target hit
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: