Editor's Note:
The market delivered another day of widespread gains. Many of our bullish candidates followed the market higher.

ACOR and CSC hit our bullish triggers to open positions.


Current Portfolio:


BULLISH Play Updates

Acorda Therapeutics - ACOR - close: 28.81 change: +0.85

Stop Loss: 27.25
Target(s): 31.00
Current Gain/Loss: + 1.1%

Entry on January 22 at $28.50
Listed on January 19, 2012
Time Frame: 3 to 4 weeks
Average Daily Volume = 417 thousand
New Positions: see below

Comments:
01/22/13: Bingo! ACOR has produced the bullish breakout we were expecting. The stock hit our trigger to open bullish positions at $28.50. This happens to be a new 52-week high for the stock.

current Position: long ACOR stock @ $28.50



Autodesk Inc. - ADSK - close: 36.55 change: -0.95

Stop Loss: 35.95
Target(s): 39.95
Current Gain/Loss: -1.9%

Entry on January 18 at $37.25
Listed on January 17, 2012
Time Frame: Exit prior to earnings in late February
Average Daily Volume = 1.9 million
New Positions: see below

Comments:
01/22/13: Hmm... I couldn't find any headlines or catalyst to explain the sell-off in ADSK today. Shares reversed lower with a -2.5% decline that erased several days worth of gains. Traders did buy the dip near its 20-dma. If this weakness continues we could see ADSK hit our stop loss at $35.95 soon.

current Position: Long ADSK stock @ $37.25



Ball Corp. - BLL - close: 46.54 change: -0.11

Stop Loss: 44.80
Target(s): 48.40
Current Gain/Loss: + 6.1%

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:
01/22/13: BLL tagged a new high near $47.00 midday and then gave it all back with some afternoon profit taking. I am not suggesting new positions. We are planning to exit prior to the earnings report on January 31st.

current Position: Long BLL stock @ $43.85

01/17/13 new stop loss @ 44.80
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



Computer Sciences Corp. - CSC - close: 42.26 change: +0.39

Stop Loss: 39.95
Target(s): 44.90
Current Gain/Loss: + 0.1%

Entry on January 22 at $42.60
Listed on January 15, 2012
Time Frame: Exit prior to earnings on Feb. 5th
Average Daily Volume = 1.4 million
New Positions: see below

Comments:
01/22/13: Our new play on CSC has been triggered. The plan was to open positions at a new high at $42.20. The stock gapped open higher at $42.60 before pulling back toward $42.00 again. My intraday chart shows spikes toward $44.00 but those appear to be a bad tick or bad trade. Officially the high for the day was only $42.78. There was some news yesterday that CSC had won a new contract with the U.S. Navy that might explain the surge higher today. Plus, this morning, before the open, CSC was upgraded and given a $50 price target.

I would still consider new positions at current levels.

current Position: long CSC stock @ $42.60

01/22/13 trade opened on gap higher @ $42.60



Ctrip.com Intl. - CTRP - close: 23.89 change: -0.60

Stop Loss: 22.75
Target(s): 27.00
Current Gain/Loss: - 0.2%

Entry on January 07 at $23.93
Listed on January 05, 2012
Time Frame: Exit prior to earnings on Jan 31st
Average Daily Volume = 2.1 million
New Positions: see below

Comments:
01/22/13: Ouch! Our CTRP trade could be in trouble. The stock reversed at resistance near $25.00 and plunged to a -2.4% decline. Today's move has created a bearish engulfing candlestick reversal pattern. I don't see any specific news to explain the relative weakness. More conservative traders may want to raise their stop loss or just exit early now. Keep in mind that we plan to exit prior to the earnings report on January 31st.

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

01/22/13 CTRP is displaying relative weakness and created a one-day bearish reversal pattern (that needs confirmation).
01/07/13 trade opened on gap higher at $23.93. trigger was 23.85



Changyou.com Ltd. - CYOU - close: 32.34 change: +0.72

Stop Loss: 29.95
Target(s): 34.75
Current Gain/Loss: + 6.9%

Entry on January 10 at $30.25
Listed on January 09, 2012
Time Frame: Exit PRIOR to earnings on Feb. 4th
Average Daily Volume = 166 thousand
New Positions: see below

Comments:
01/22/13: CYOU displayed some relative strength today. The stock rallied +2.2% and broke through short-term resistance at the $32.00 level. I am raising our stop loss to $29.95.

Please note, if CYOU does not hit our exit target at $34.75 in time, we will plan on exiting prior to the company's earnings report on February 4th.

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

01/22/13 new stop loss @ 29.95
01/16/13 new stop loss @ 29.45
01/15/13 new stop loss @ 28.75



Gulfport Energy - GPOR - close: 42.30 change: +1.20

Stop Loss: 38.45
Target(s): 44.50
Current Gain/Loss: + 3.1%

Entry on January 22 at $41.02
Listed on January 19, 2012
Time Frame: 4 to 6 weeks
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
01/22/13: Our new trade on GPOR is off to a good start. Shares opened at $41.02. It then gave nimble traders a chance to buy a dip at $40.26. Then the stock soared to a +2.9% gain on the session.

Earlier Comments:
Our multi-week target is $44.50. Keep in mind that GPOR doesn't move super fast and we will plan to exit prior to its late February earnings report.

current Position: long GPOR stock @ $41.02



Coal ETF - KOL - close: 25.85 change: +0.17

Stop Loss: 24.85
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:
01/22/13: The KOL ETF continues to recover. Shares added +0.6% today and closed above its simple 10-dma for the first time in several days. I would use today's rally as a new bullish entry point.

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



North American Palladium - PAL - close: 1.77 change: +0.12

Stop Loss: 1.35
Target(s): 2.45
Current Gain/Loss: + 7.3%

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:
01/22/13: It was a volatile session for PAL as the market reacted to news out this morning that the company had appointed a new CFO. Shares initially spiked lower and then reversed after dipping to $1.57. PAL ended the day with a +7.2% gain and hovering just below resistance at the $1.80 level.

current Position: long PAL stock @ $1.65



Polypore Intl. - PPO - close: 42.02 change: -0.03

Stop Loss: 39.95
Target(s): 47.00
Current Gain/Loss: - 0.1%

Entry on January 16 at $42.06
Listed on January 15, 2012
Time Frame: exit prior to earnings on Feb. 20th
Average Daily Volume = 542 thousand
New Positions: see below

Comments:
01/22/13: PPO is still consolidating sideways near the $42.00 level. Readers may want to wait for a rally past $42.50 as our next potential entry point.

Earlier Comments:
I am suggesting small positions to limit our risk. Our multi-week target is $47.00.

*Small Positions*

current Position: long PPO stock @ $42.06



Sonic Corp. - SONC - close: 11.53 change: +0.08

Stop Loss: 10.45
Target(s): 12.75
Current Gain/Loss: + 3.4%

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:
01/22/13: The rally in SONC continues with a +0.6% gain. This is another 52-week high. Readers may want to start raising their stop loss.

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: 40.52 change: +0.10

Stop Loss: 38.85
Target(s): 44.50
Current Gain/Loss: + 0.9%

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:
01/22/13: Today was a non-event for THO. The stock failed to participate in the market's widespread rally. Instead shares merely hovered sideways in a narrow range. I am not suggesting new positions after today's failure to perform.

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: 19.23 change: -0.08

Stop Loss: 20.60
Target(s): 16.25
Current OPTION Gain/Loss: -27.5%
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:
01/22/13: LRN didn't really see much movement today. On the plus side LRN did not participate in the market's rally. On the other hand traders did buy the dip midday. I am not suggesting new positions at this time.

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.



Questcor Pharmaceuticals - QCOR - close: 25.78 change: +0.25

Stop Loss: 26.25
Target(s): 20.50
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 15, 2012
Time Frame: exit prior to earnings in late February
Average Daily Volume = 1.8 million
New Positions: Yes, see below

Comments:
01/22/13: There is no change from my prior comments on QCOR. Currently the stock looks ready to breakdown under short-term support in the $25.50-25.00 zone. Aggressive traders could launch positions on a new drop under last Tuesday's low (25.47). I am suggesting a trigger to open bearish positions at $24.90. If triggered our target is $20.50.

Please note: that short interest on QCOR is significant. The most recent data listed short interest at 50% of the 54.7 million-share float. It might be easier and safer* to buy put options on QCOR instead of trying to short the stock.

*By using puts you can limit your risk to the cost of your initial investment of the put price.

Trigger @ 24.90

Suggested Position: short QCOR stock @ (trigger)

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

buy the Feb $25 PUT (QCOR1316n25)