Editor's Note:
The stock market's advance was stymied by a disappointing Q4 GDP report.

We are adjusting the stop loss on several trades tonight. Our BLL trade was closed as planned. We want to exit our KOL trade at the open tomorrow.


Current Portfolio:


BULLISH Play Updates

Asbury Automotive Group - ABG - close: 34.30 change: -0.47

Stop Loss: 33.40
Target(s): 38.50
Current Gain/Loss: - 2.7%

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:
01/30/13: ABG spent the day slowly drifting lower. I don't see any changes from my prior comments.

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: 28.82 change: -0.86

Stop Loss: 27.95
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:
01/30/13: Ouch! ACOR hit some profit taking today with a -2.8% decline. Shares did managed to bounce back and close just above its 10-dma. I warned readers to expect a pull back at $30.00 but ACOR only made it to $29.80 (yesterday). We are worried that if the wider market declines ACOR will follow it lower. I am raising our stop loss to $27.95. I am not suggesting new positions.

current Position: long ACOR stock @ $28.50

01/30/13 new stop loss @ 27.95



Avis Budget Group - CAR - close: 22.01 change: +0.00

Stop Loss: 21.40
Target(s): 24.75
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 29, 2012
Time Frame: Exit prior to earnings on Feb. 13th
Average Daily Volume = 1.7 million
New Positions: Yes, see below

Comments:
01/30/13: CAR pulled back to short-term support near $21.50 today. Nimble traders could buy a bounce off this level. We are waiting for a new relative high.

Earlier Comments:
I am suggesting a trigger to open bullish positions at $22.25. If triggered our target is $24.75. However, we will plan on exiting prior to the company's earnings report on Feb. 13th.

FYI: . The stock could see a short squeeze. The most recent data listed short interest at almost 15% of the 87.7 million share float.

Trigger @ 22.25

Suggested Position: buy CAR @ (trigger)



Cognex Corp. - CGNX - close: 39.52 change: -0.47

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:
01/30/13: CGNX briefly dipped under short-term technical support at its 10-dma before bouncing. We are still waiting for a breakout past resistance.

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: 42.23 change: -0.36

Stop Loss: 41.25
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:
01/30/13: CSC drifted lower with a -0.8% decline. If the market does see a pullback I expect CSC to follow it lower. Therefore we are raising the stop loss to $41.25. I am not suggesting new positions at this time.

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

current Position: long CSC stock @ $42.60

01/30/13 new stop loss @ 41.25
01/29/13 new stop loss @ $40.90
01/22/13 trade opened on gap higher @ $42.60



FLIR Systems - FLIR - close: 24.26 change: -0.02

Stop Loss: 23.45
Target(s): 26.25
Current Gain/Loss: + 0.2%

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:
01/30/13: FLIR spiked to a new multi-month high this morning. Unfortunately the rally didn't last and shares gave it all back. The stock closed virtually unchanged on the session.

I am not suggesting new positions at the moment.

Earlier Comments:
This is a short-term trade. 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: 41.20 change: -1.40

Stop Loss: 40.75
Target(s): 44.50
Current Gain/Loss: + 0.4%

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:
01/30/13: Ouch! GPOR had looked poised to breakout. Unfortunately the stock reversed sharply lower today with a -3.2% decline. I couldn't find any news to explain the relative weakness today. Readers may want to leave their stop loss below the $40.00 level. If this pullback continues I would definitely expect GPOR to retest $40.00 as potential support. The stock might bounce at $40.00. However, we are raising our stop loss to $40.75 to limit our risk.

current Position: long GPOR stock @ $41.02

01/30/13 new stop loss @ 40.75
01/29/13 new stop loss @ 39.65



Hartford Financial Services Group - HIG - close: 24.61 chg: -0.28

Stop Loss: 23.95
Target(s): 27.50
Current Gain/Loss: - 0.8%

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:
01/30/13: HIG drifted toward the $24.50 level and short-term support at the 10-dma. Readers may want to inch up their stops again. We only have a few days left.

The company is scheduled to report earnings on Monday, Feb. 4th after the closing bell. We do not want to hold over the report. Therefore we will plan to either exit this coming Friday at the close or on Monday at the closing bell.

current Position: Long HIG stock @ $24.80

01/29/13 new stop loss @ 23.95. We only have a few days left.



Coal ETF - KOL - close: 24.98 change: -0.37

Stop Loss: 24.85
Target(s): 29.85
Current Gain/Loss: - 4.3%

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:
01/30/13: There was no follow through on yesterday's bounce in the KOL. Shares turned lower again with a -1.4% decline. We are throwing in the towel. The newsletter is dropping this trade at the open tomorrow morning.

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

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

Long APR $27 call (KOL1320D27) entry $1.03

01/30/13 prepare to exit at the opening bell tomorrow
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: 1.66 change: -0.04

Stop Loss: 1.55
Target(s): 2.45
Current Gain/Loss: + 0.6%

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:
01/30/13: The sideways chop in PAL continues. We are raising our stop loss to $1.55. I am not suggesting new positions at this time.

current Position: long PAL stock @ $1.65

01/30/13 new stop loss @ 1.55



Sonic Corp. - SONC - close: 11.16 change: -0.01

Stop Loss: 10.80
Target(s): 12.75
Current Gain/Loss: + 0.1%

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:
01/30/13: SONC is still drifting sideways without any direction. There is short-term support at $11.00 and short-term resistance at the 10-dma.

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: 17.95 change: -0.49

Stop Loss: 19.55
Target(s): 16.25
Current OPTION Gain/Loss: +10.0%
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:
01/30/13: It's taken a bit longer than expected but our option trade on LRN is finally in positive territory. LRN underperformed the market again with a -2.6% decline and a new four-week low. I am adjusting our stop loss down to $19.55.

Don't forget that we will be exiting soon. The company is scheduled to report earnings on Feb. 5th. We will plan on exiting on Feb. 4th if shares don't hit our target by then.

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

01/30/13 new stop loss @ 19.55
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.



Questcor Pharmaceuticals - QCOR - close: 25.32 change: -0.27

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:
01/30/13: Believe it or not but QCOR actually hit a new relative low today. There are no changes from my prior comments. 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

Ball Corp. - BLL - close: 45.93 change: -0.29

Stop Loss: 45.80
Target(s): 48.40
Current Gain/Loss: + 4.7%

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:
01/30/13: The early morning rally in BLL didn't last and shares reversed to a -0.6% decline. It was our plan to close positions at the closing bell tonight to avoid holding over earnings tomorrow.

closed Position: Long BLL stock @ $43.85 exit $45.93 (+4.7%)

01/30/13 scheduled exit
01/29/13 new stop loss @ 45.80, exit tomorrow at the close
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

chart: