Editor's Note:
The market didn't make much progress either direction on Monday. We didn't see a lot of movement on our play list either.


Current Portfolio:


BULLISH Play Updates

Asbury Automotive Group - ABG - close: 34.45 change: +0.04

Stop Loss: 33.40
Target(s): 38.50
Current Gain/Loss: - 2.3%

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:
01/28/13: Monday was another quiet session for ABG. Traders bought the dip near $34 and its 10-dma again. Readers can use this intraday rebound as a new bullish entry point.

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: 29.59 change: +0.16

Stop Loss: 27.25
Target(s): 31.00
Current Gain/Loss: + 3.8%

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:
01/28/13: ACOR displayed a little relative strength today with a +0.5% gain and another new 52-week high. 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



Ball Corp. - BLL - close: 46.10 change: -0.51

Stop Loss: 45.40
Target(s): 48.40
Current Gain/Loss: + 5.1%

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:
01/28/13: Our BLL trade is almost over. We only have a couple of days left. Readers may want to exit early. The stock underperformed with a -1.0% decline today.

BLL is due to report earnings on January 31st. If BLL does not hit our exit target at $48.40 soon then we will plan to exit on January 30th at the closing bell.

current Position: Long BLL stock @ $43.85

01/26/13 new stop loss @ 45.40, prepare to exit on Jan. 30th at the closing bell if BLL doesn't hit our target by then
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



Cognex Corp. - CGNX - close: 39.75 change: -0.15

Stop Loss: 38.80
Target(s): 44.00
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 26, 2012
Time Frame: Exit PRIOR to earnings on Feb. 11th
Average Daily Volume = 192 thousand
New Positions: Yes, see below

Comments:
01/28/13: CGNX is still hovering under resistance at the $40.00 level. There is no change from my prior comments.

I am suggesting a trigger to open bullish positions at $40.15. If triggered our target is $44.00. However, we do not want to hold over the Feb. 11th earnings report.
FYI: The Point & Figure chart for CGNX is bullish with a $57.00 target.

Trigger @ 40.15

Suggested Position: buy CGNX stock @ (trigger)



Computer Sciences Corp. - CSC - close: 42.60 change: +0.16

Stop Loss: 39.95
Target(s): 44.90
Current Gain/Loss: + 0.9%

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:
01/28/13: CSC spent Monday's session in a very narrow range. I am not suggesting new positions at this time. Readers might want to adjust their stops so it is closer to the $41.00 level.

Don't forget that we plan to exit prior to earnings on Feb. 5th.

current Position: long CSC stock @ $42.60

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



FLIR Systems - FLIR - close: 24.18 change: -0.01

Stop Loss: 23.45
Target(s): 26.25
Current Gain/Loss: - 0.1%

Entry on January 28 at $24.20
Listed on January 26, 2012
Time Frame: exit PRIOR to earnings on Feb. 7th
Average Daily Volume = 952 thousand
New Positions: Yes, see below

Comments:
01/28/13: Traders bought the dip this morning and FLIR recovered to close virtually unchanged on the session. More conservative traders may want to wait for a rally past $24.25 or $24.35 before initiating positions.

Earlier Comments:
This is a short-term trade. I am suggesting small bullish positions at the open on Monday. We will exit prior to the earnings report on February 7th. Our target is $26.25.
FYI: The Point & Figure chart for FLIR is bullish with a $34.50 target.

*Small Positions*

Suggested Position: Long FLIR stock @ $24.20



Gulfport Energy - GPOR - close: 41.96 change: +0.11

Stop Loss: 38.45
Target(s): 44.50
Current Gain/Loss: + 2.3%

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:
01/28/13: GPOR is still consolidating sideways. A rally past $42.50 could be used as a new entry point but you may want to aim higher than our $44.50 target.

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: 24.79 chg: -0.03

Stop Loss: 23.75
Target(s): 27.50
Current Gain/Loss: + 0.0%

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:
01/28/13: HIG tagged a new relative high midday but gave back its gains. Nimble traders could buy a dip at its 10-dma (currently near $24.40). Or wait for a rally past today's high (25.04).

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: 24.93 change: -0.23

Stop Loss: 24.85
Target(s): 29.85
Current Gain/Loss: - 4.5%

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:
01/28/13: Coal stocks are underperforming. The KOL has broken down under what should have been support near $25.00 and its 200-dma. The low today was $24.87. Odds are very good we will see the KOL hit our stop loss at $24.85 tomorrow.

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

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

Long APR $27 call (KOL1320D27) entry $1.03

01/26/13 KOL is not performing. Readers may want to just exit early now.
01/12/13 new stop loss @ 24.85



North American Palladium - PAL - close: 1.68 change: -0.02

Stop Loss: 1.35
Target(s): 2.45
Current Gain/Loss: + 1.8%

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:
01/28/13: PAL is still churning sideways. There is no change from my weekend comments. I am not suggesting new positions at this time.

Readers might want to consider raising their stops toward the $1.45 level.

current Position: long PAL stock @ $1.65



Sonic Corp. - SONC - close: 11.19 change: -0.03

Stop Loss: 10.80
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:
01/28/13: SONC is hovering just above support at 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

01/26/13 new stop loss @ $10.80



BEARISH Play Updates

K12, Inc. - LRN - close: 18.64 change: +0.04

Stop Loss: 20.05
Target(s): 16.25
Current OPTION Gain/Loss: -15.0%
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:
01/28/13: LRN produced a very quiet day with shares drifting sideways in a narrow range. I would still consider new bearish positions at current levels.

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

01/26/13 new stop loss @ 20.05
*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: 15.87 change: +0.28

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:
01/28/13: The oversold bounce in MFLX continues. If we see this stock close above $16.00 we will likely drop it as a bearish candidate.

Right now we are waiting for a breakdown under the next level of support. 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: 25.65 change: -0.31

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:
01/28/13: It looks like the oversold bounce in QCOR is already losing steam. Shares spiked higher this morning but reversed before lunchtime. The stock settled with a -1.1% decline. Right now we are waiting on a breakdown below support.

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)