Editor's Note:
The Russell 2000 inched higher, the S&P 500 stalled, the Transports hit new highs, and the NASDAQ declined. It was definitely a mixed session on Wall Street but overall the tone of trading was mostly bullish.

We did close trades on CTRP, PPO, and THO today. ABG and HIG were both triggered.


Current Portfolio:


BULLISH Play Updates

Asbury Automotive Group - ABG - close: 34.22 change: -0.37

Stop Loss: 33.40
Target(s): 38.50
Current Gain/Loss: - 2.9%

Entry on January 24 at $35.25
Listed on January 23, 2012
Time Frame: Exit PRIOR to earnings on Feb. 19th
Average Daily Volume = 275 thousand
New Positions: see below

Comments:
01/24/13: ABG is not off to a very impressive start. The rally higher this morning was impressive but momentum reversed at $35.50 and shares gave it all back. Our trade was opened at $35.25 but I would not suggest new positions at current levels.

We are planning to exiting prior to the Feb. 19th earnings report.

Please note that we do want to keep our position size small to limit our risk.

*Small positions*

current Position: Long ABG stock @ $35.25



Acorda Therapeutics - ACOR - close: 29.46 change: +0.92

Stop Loss: 27.25
Target(s): 31.00
Current Gain/Loss: + 3.4%

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:
01/24/13: ACOR soared to another new 52-week high with today's +3.2% gain. The stock is nearing what could be round-number resistance at the $30.00 level. Do not be surprised to see an initial pullback on the first test of the $30.00 mark.

current Position: long ACOR stock @ $28.50



Autodesk Inc. - ADSK - close: 37.60 change: +0.74

Stop Loss: 35.95
Target(s): 39.95
Current Gain/Loss: +0.9%

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:
01/24/13: An analyst upgrade this morning helped push ADSK toward the $38.00 level. The stock settled the session with a +2.0% gain. I am not suggesting new positions at this time.

current Position: Long ADSK stock @ $37.25



Ball Corp. - BLL - close: 46.52 change: +0.00

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:
01/24/13: Hmm... that's two days in a row that BLL has closed virtually unchanged. That makes me cautious. More conservative traders may want to exit early. 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: 42.42 change: +0.37

Stop Loss: 39.95
Target(s): 44.90
Current Gain/Loss: + 0.5%

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:
01/24/13: CSC followed the market higher this morning and managed to outperform the S&P 500 with a +0.8% gain on the day. More conservative traders might want to inch their stops higher.

current Position: long CSC stock @ $42.60

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



Changyou.com Ltd. - CYOU - close: 31.74 change: -0.07

Stop Loss: 29.95
Target(s): 34.75
Current Gain/Loss: + 4.9%

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:
01/24/13: Traders bought the dip in CYOU intraday near short-term technical support at its rising 10-dma.

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: 41.71 change: +0.45

Stop Loss: 38.45
Target(s): 44.50
Current Gain/Loss: + 1.7%

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:
01/24/13: GPOR garnered some bullish analyst comments today. Yet the stock seems to be struggling with resistance in the $42.50 area. I am not suggesting new positions at this time.

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



Hartford Financial Services Group - HIG - close: 24.39 chg: -0.17

Stop Loss: 23.75
Target(s): 27.50
Current Gain/Loss: - 1.7%

Entry on January 23 at $24.80
Listed on January 22, 2012
Time Frame: exit PRIOR to earnings on Feb. 4th
Average Daily Volume = 4.6 million
New Positions: see below

Comments:
01/24/13: The action in HIG today was disappointing. The stock broke out to a new 52-week high and hit our trigger at $24.80. Unfortunately shares reversed and underperformed the market with a -0.69% decline. Nimble traders could buy another dip or a bounce near $24.00. Right now I would wait for a new high above $24.85 as an alternative entry point.

We only have a couple of weeks for this trade to work as we do not want to hold over the Feb. 4th earnings report.

current Position: Long HIG stock @ $24.80



Coal ETF - KOL - close: 25.25 change: -0.31

Stop Loss: 24.85
Target(s): 29.85
Current Gain/Loss: - 3.3%

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:
01/24/13: I am starting to worry about the KOL ETF again. Shares have underperformed the market two days in a row. Today left KOL testing last week's lows and its 200-dma. I am not suggesting new positions. More conservative traders may want to exit early now.

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: 1.63 change: -0.11

Stop Loss: 1.35
Target(s): 2.45
Current Gain/Loss: - 1.2%

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:
01/24/13: Precious metal-related stocks hit some profit taking today and PAL was not immune. Shares fell -6.3% and closed on their lows for the session. I am not suggesting new positions at current levels.

current Position: long PAL stock @ $1.65



Sonic Corp. - SONC - close: 11.38 change: -0.10

Stop Loss: 10.45
Target(s): 12.75
Current Gain/Loss: + 2.1%

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:
01/24/13: SONC is starting to see a little profit taking with a -0.8% pullback today. Shares could see additional weakness tomorrow. After the closing bell tonight the company announced that its president, Scott McLain, will resign at the end of March 2013. The current Chairman and CEO, Cliff Hudson, will assume the title of President.

I would look for support near the $11.00 level.

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



BEARISH Play Updates

K12, Inc. - LRN - close: 19.17 change: -0.33

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:
01/24/13: There was no follow through on yesterday's bounce in LRN. Readers might want to consider new positions on a new relative low under $18.65.

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.



Multi-Fineline Electronix - MFLX - close: 15.39 change: -0.10

Stop Loss: 15.55
Target(s): 12.65
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 23, 2012
Time Frame: exit PRIOR to earnings on Feb. 7th
Average Daily Volume = 108 thousand
New Positions: Yes, see below

Comments:
01/24/13: MFLX continues to sink and that's a good sign given the market's up trend. The recent slide has certainly slowed. We are considering the idea of launching positions now. However, for the moment the plan remains the same - wait for a breakdown under support at $15.00. I am suggesting a trigger to open bearish positions at $14.85. If triggered our target is $12.65.

NOTE: We may have to abandon this play early, since we normally do not hold over a company's earnings report and MFLX is scheduled to report on Feb. 7th.

Trigger @ 14.85 *Small Positions*

Suggested Position: short MFLX stock @ (trigger)



Questcor Pharmaceuticals - QCOR - close: 25.51 change: -0.06

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:
01/24/13: QCOR continues to look bearish but the stock is just not moving. We may lose patience. There is no change from my prior comments on QCOR.

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)



CLOSED BULLISH PLAYS

Ctrip.com Intl. - CTRP - close: 22.70 change: -0.89

Stop Loss: 22.75
Target(s): 27.00
Current Gain/Loss: - 0.1%

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:
01/24/13: We were lucky with our CTRP exit today. The plan was to close positions at the open this morning. The stock gapped open higher at $23.91 before rolling over and plunging to a -3.7% decline.

*Small Positions*

closed Position: Long CTRP stock @ $23.93 exit $23.91 (-0.1%)

01/24/13 planned exit
01/23/13 prepare to exit tomorrow morning
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

chart:



Polypore Intl. - PPO - close: 40.28 change: +0.16

Stop Loss: 39.95
Target(s): 47.00
Current Gain/Loss: - 4.0%

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:
01/24/13: After yesterday's underperformance in PPO we decided to close positions at the open this morning. The stock opened at $40.37.

Earlier Comments:
I am suggesting small positions to limit our risk.

*Small Positions*

closed Position: long PPO stock @ $42.06 exit $40.37 (-4.0%)

01/24/13 planned exit
01/23/13 prepare to exit at the open tomorrow

chart:



Thor Industries - THO - close: 42.39 change: +1.82

Stop Loss: 38.85
Target(s): 44.50
Current Gain/Loss: + 0.7%

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:
01/24/13: Today is a nice example of Murphy's Law at work. THO had been underperforming the last few days. We decided last night to exit positions at the open this morning. The stock opens at $40.43 and then soars to a +4.4% gain and a new multi-week high. I don't see any company-specific news behind the show of strength although the transportation index hit new highs today.

closed Position: Long THO stock @ $40.15 exit $40.43 (+0.7%)

01/24/13 planned exit
01/23/13 prepare to exit at the open tomorrow
01/12/13 new stop loss @ 38.85

chart: