Editor's Note:
The U.S. market spent most of Thursday churning sideways as traders await tomorrow's nonfarm payrolls (jobs) report due out before the opening bell.

XLRN hit our bullish exit target.

MDCA hit our entry trigger. WNR was closed this morning.


Current Portfolio:


BULLISH Play Updates

TD Ameritrade Holding Corp. - AMTD - close: 31.09 change: +0.26

Stop Loss: 29.90
Target(s): 33.85
Current Gain/Loss: + 1.4%

Entry on December 31 at $30.65
Listed on December 21, 2013
Time Frame: exit PRIOR to earnings on January 21st
Average Daily Volume = 1.9 million
New Positions: see below

Comments:
01/09/14: The slow and steady rise in AMTD continues with a +0.8% gain today. The close over short-term resistance at $31.00 is bullish and marks a new multi-year closing high for the stock.

current Position: long AMTD stock @ $30.65

01/04/14 new stop loss @ 29.90
12/31/13 triggered at $30.65



Caesars Entertainment - CZR - close: 23.03 change: +0.10

Stop Loss: 20.95
Target(s): 26.00
Current Gain/Loss: + 1.8%

Entry on January 06 at $22.62
Listed on January 04, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 836 thousand
New Positions: see below

Comments:
01/09/14: CZR continues to flirt with a bullish move past short-term resistance near $23.00. More conservative investors may want to raise their stop loss closer to $22.00.

FYI: The Point & Figure chart for CZR is bullish with a $27.00 target.

*small positions*

current Position: long CZR stock @ $22.62

01/06/14 trade opened on gap down at $22.62



Gigamon Inc. - GIMO - close: 29.71 change: -1.77

Stop Loss: 29.45
Target(s): 37.50
Current Gain/Loss: - 5.7%

Entry on January 09 at $31.49
Listed on January 07, 2014
Time Frame: 4 to 8 weeks
Average Daily Volume = 256 thousand
New Positions: see below

Comments:
01/09/14: Wow! I cautioned readers that GIMO was volatile but today's move was definitely unexpected. Shares completely erased yesterday's rally with a -5.6% plunge. Furthermore today's display of relative weakness was not a reaction to any specific company news. Technically today's drop has painted a bearish engulfing candlestick reversal pattern.

The intraday low was $29.51. If there is any follow through tomorrow we will see GIMO hit our stop at $29.45. I am not suggesting new positions at this time.

Earlier Comments:
I do consider this a more aggressive, higher-risk trade. GIMO has clearly been volatile since it went public last year. I am suggesting small bullish positions.

*small positions*

current Position: long GIMO stock @ $31.49



Hyatt Hotels Corp. - H - close: 50.07 change: +0.12

Stop Loss: 48.95
Target(s): 54.75
Current Gain/Loss: - 0.4%

Entry on January 07 at $50.25
Listed on January 02, 2014
Time Frame: exit PRIOR to earnings in mid February
Average Daily Volume = 264 thousand
New Positions: see below

Comments:
01/09/14: Tomorrow could be the turning point for our Hyatt play. As the market reacts to the jobs number we will likely see shares of H either breakout higher or reverse. Wait for a bullish breakout above $50.45 before launching new positions.

Earlier Comments:
Our target is $54.75. However, we will plan to exit prior to earnings in mid February. FYI: The Point & Figure chart for H is bullish with a $66.00 target.

*small positions*

current Position: Long H stock @ $50.25

01/07/14 triggered @ 50.25



MDC Partners Inc. - MDCA - close: 26.19 change: +0.14

Stop Loss: 24.45
Target(s): 28.50
Current Gain/Loss: + 0.0%

Entry on January 09 at $26.20
Listed on January 07, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 215 thousand
New Positions: see below

Comments:
01/09/14: MDCA hit our suggested entry point with a late day rally. I would consider new positions now at current levels but investors may want to wait and see how the market reacts to the jobs report tomorrow morning.

current Position: long MDCA stock @ $26.20

01/09/14 triggered @ 26.20




Yandex N.V. - YNDX - close: 44.22 chnage: +1.97

Stop Loss: 41.90
Target(s): 48.50
Current Gain/Loss: + 2.1%

Entry on January 02 at $43.31
Listed on December 31, 2013
Time Frame: exit PRIOR to earnings in mid February
Average Daily Volume = 2.7 million
New Positions: see below

Comments:
01/09/14: Shares of YNDX surged to a +7.5% gain intraday as the market reacted to bullish analyst comments from Morgan Stanley. Gains in YNDX faded to +4.6% by the closing bell. The breakout past $44.00 is bullish but I am a bit hesitant to launch positions given the recent volatility.

Earlier Comments:
Our multi-week target is $48.50. We want to keep our position size small to limit our risk. FYI: The Point & Figure chart for YNDX is bullish with a $48.00 target.

*Small positions*

current Position: long YNDX stock @ $43.31

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

Long Feb $45 call (YNDX1422B45) entry $2.00*

01/08/14 new stop loss @ 41.90, warning! today looks like a potential bearish reversal pattern
01/07/14 new stop loss @ 41.75
01/02/14 trade opened on gap higher at $43.31.
*option entry price is an estimate since the option did not trade at the time our play was opened.



BEARISH Play Updates

Best Buy Co. - BBY - close: 37.53 change: -0.31

Stop Loss: 40.25
Target(s): 35.10
Current Gain/Loss: + 2.4%

Entry on January 08 at $38.47
Listed on January 07, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.2 million
New Positions: see below

Comments:
01/09/14: Disappointing earnings results and lowered guidance from BBBY and FDO weighed on the retail stocks today. Eleven companies lowered their guidance following the monthly same-store sales data released this morning. Meanwhile shares of BBY continued to sink with a -0.8% decline.

Earlier Comments:
Our target is $35.10. More aggressive traders could aim for technical support at the simple 200-dma, currently near $33.25 instead.

current Position: short BBY stock @ $38.47

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

Long Feb $38 PUT (BBY1422N38) entry $2.06

01/08/14 BBY opened at $38.47



Ecopetrol SA - EC - close: 35.41 change: -0.34

Stop Loss: 38.25
Target(s): 31.00
Current Gain/Loss: + 5.2%

Entry on January 06 at $37.35
Listed on December 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 716 thousand
New Positions: see below

Comments:
01/09/14: EC continues so sink and closed at a multi-year low. I want to remind readers that the $35.00 level is potential round-number support. I would not be surprised to see a short-term bounce here.

Earlier Comments:
Our target is $31.00. Once it's below $37.50 the next level of support appears to be the $30.00 level.

current Position: short EC stock @ $37.35

01/08/14 new stop loss @ 38.25
01/06/14 triggered @ 37.35



Nationstar Mortgage Holdings - NSM - close: 34.25 change: +0.40

Stop Loss: 36.55
Target(s): 31.00
Current Gain/Loss: + 3.9%

Entry on January 06 at $35.65
Listed on December 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
01/09/14: NSM managed a rebound off its morning lows. Shares came close to erasing yesterday's decline. I am not suggesting new positions at this time.

Earlier Comments:
I am labeling this an aggressive, higher-risk trade. There is already a lot of bears in this trade. The most recent data listed short interest at 39% of the very small 20.4 million share float. That is a risk of a short squeeze. Thus I am suggesting small positions. Traders may want to use put options to limit their risk.

*small positions*

current Position: short NSM stock @ $35.65

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

Long Feb $35 PUT (NSM1422N35) entry $2.40*

01/08/14 new stop loss @ 36.55
01/06/14 triggered @ 35.65



Sears Hometown and Outlet Stores - SHOS - close: 22.81 change: -0.43

Stop Loss: 25.55
Target(s): 20.25
Current Gain/Loss: + 4.6%

Entry on January 07 at $23.90
Listed on January 06, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 160 thousand
New Positions: see below

Comments:
01/09/14: Disappointing same-store sales numbers and lowered guidance plagued the retail stocks today. Shares of SHOS continued to sink with a -1.85% decline. I am not suggesting new positions at current levels.

current Position: short SHOS @ $23.90




CLOSED BULLISH PLAYS

Western Refining, Inc. - WNR - close: 41.29 change: +0.35

Stop Loss: 39.75
Target(s): 46.00
Current Gain/Loss: - 0.6%

Entry on December 24 at $41.35
Listed on December 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.9 million
New Positions: see below

Comments:
01/09/14: After a two-day drop in WNR we decided in last night's newsletter to exit positions. WNR saw a small gap open higher at $41.11 this morning.

*Small positions *

closed Position: Long WNR stock @ $41.35 exit $41.11 (-0.6%)

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

Mar $42 call (WNR1422c42) entry $2.70* exit $2.10** (-22.2%)

01/09/14 planned exit
**option exit price is an estimate since the option did not trade at the time our play was closed.
01/08/14 prepare to exit tomorrow morning
01/07/14 caution: today's session has produced a candlestick reversal pattern
12/31/13 new stop loss @ 39.75
12/24/13 trade opened this morning at $41.35
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:



Acceleron Pharma. - XLRN - close: 48.99 change: +7.73

Stop Loss: 37.65
Target(s): 47.50
Current Gain/Loss: +18.0%

Entry on January 06 at $40.25
Listed on January 04, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 230 thousand
New Positions: see below

Comments:
01/09/14: XLRN hit our bullish exit target today.

Too bad all of our trades can't be this easy. The upward momentum in XLRN accelerated with a +18.7% rally today. Our exit target was hit at $47.50.

FYI: Shares could fall tomorrow because after the bell this evening XLRN announced plans to sell more stock in a secondary offering.

Earlier Comments:
Remember, the plan was to use small positions to limit our risk. This is an aggressive, higher-risk trade.

*small positions*

closed Position: long XLRN stock @ $40.25 exit $47.50 (+18.0%)

01/09/14 target hit
01/06/14 triggered @ $40.25

chart: