Editor's Note:
The stock market did not see any follow through lower on yesterday's decline. Quite the opposite! The U.S. market delivered a big bounce. We're updating stop losses on all of our bearish plays.

STRZA has been removed. TX hit our entry trigger.


Current Portfolio:


BULLISH Play Updates

TD Ameritrade Holding Corp. - AMTD - close: 31.32 change: +0.75

Stop Loss: 30.45
Target(s): 33.85
Current Gain/Loss: + 2.2%

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:
01/14/14: AMTD displayed some relative strength today. Shares added +2.45% and closed at a new multi-year high. I am raising our stop loss up to $30.45. I am not suggesting new positions at this time since we're running low on time.

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: 22.62 change: -0.27

Stop Loss: 21.80
Target(s): 26.00
Current Gain/Loss: + 0.0%

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:
01/14/14: CZR Suffered some weakness today, which may have been a market reaction to online gambling news. The state of New Jersey released numbers on the first six weeks of legal online gambling, which saw casinos bring in $8.37 million in revenues. That number may have been lower than expected. Shares of CZR spiked down to support near $22.00 before quickly bouncing back. I am not suggesting new positions at this time.

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

*small positions*

current Position: long CZR stock @ $22.62

01/11/14 new stop loss @ 21.80
01/06/14 trade opened on gap down at $22.62



Lannett Company, Inc. - LCI - close: 36.24 change: +0.47

Stop Loss: 33.95
Target(s): 39.50
Current Gain/Loss: +3.1%

Entry on January 10 at $35.15
Listed on January 09, 2014
Time Frame: exit PRIOR to earnings in early February
Average Daily Volume = 261 thousand
New Positions: see below

Comments:
01/14/14: Traders bought the dip in LCI just before lunchtime today and shares rallied to a +1.3% gain. I am inching our stop loss up to $33.95. Today's intraday bounce could be used as a new bullish entry point.

Earlier Comments:
Our target is $39.50. However, we will plan on exiting prior to LCI's earnings report in early February (no date confirmed yet).

current Position: Long LCI stock @ $35.15

01/14/14 new stop loss @ 33.95
01/13/14 new stop loss @ 33.65
01/10/14 triggered @ 35.15



MDC Partners Inc. - MDCA - close: 26.28 change: +0.94

Stop Loss: 24.95
Target(s): 28.50
Current Gain/Loss: + 0.3%

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:
01/14/14: Good news! MDCA displayed relative strength with a +3.7% bounce that erased the last two days of declines. I am raising our stop loss up to $24.95.

current Position: long MDCA stock @ $26.20

01/14/14 new stop loss @ 24.95
01/09/14 triggered @ 26.20




Ternium S.A. - TX - close: 32.09 change: +0.63

Stop Loss: 29.90
Target(s): 35.00
Current Gain/Loss: + 1.1%

Entry on January 14 at $31.75
Listed on January 13, 2014
Time Frame: exit PRIOR to earnings on Feb. 19th
Average Daily Volume = 204 thousand
New Positions: see below

Comments:
01/14/14: Our new TX Trade is off to a good start. The plan was to launch positions at $31.75. Shares gapped open higher at $31.74 this morning and then rallied to a +2.0% gain. If you're worried about chasing a four-day rally then consider buying a dip in the $31.50-31.75 area.

Earlier Comments:
Our target is $35.00 but we will plan on exiting prior to TX's earnings report in February.

current Position: long TX stock @ $31.75

01/14/14 triggered @ 31.75



Yandex N.V. - YNDX - close: 43.78 chnage: +1.13

Stop Loss: 41.90
Target(s): 48.50
Current Gain/Loss: + 1.1%

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:
01/14/14: I am still urging caution with our YNDX trade. The stock delivered a nice bounce (+2.6%) but today's session was inside of yesterday's range. That makes today an "inside day" and could suggest indecision by traders. I am not suggesting new positions.

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: 37.05 change: +0.19

Stop Loss: 38.05
Target(s): 35.10
Current Gain/Loss: + 3.7%

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:
01/14/14: Warning! The action in BBY today almost looks like a potential bullish reversal. Shares saw a sharp drop to $35.67 this morning but BBY managed a strong bounce back. If you're holding the put option you may want to lock in gains now.

I am not suggesting new positions. We will adjust our stop loss down to $38.05.

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

current Position: short BBY stock @ $38.47

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

Long Feb $38 PUT (BBY1422N38) entry $2.06

01/14/14 new stop loss @ 38.05
01/08/14 BBY opened at $38.47



Ecopetrol SA - EC - close: 35.43 change: +0.12

Stop Loss: 36.25
Target(s): 31.00
Current Gain/Loss: + 5.1%

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:
01/14/14: EC has not move much the last few days. The slowing momentum could be a warning signal for traders that EC is nearing a bounce. I am not suggesting new positions. We will adjust our stop loss to $36.25.

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

01/14/14 new stop loss @ 36.25
01/08/14 new stop loss @ 38.25
01/06/14 triggered @ 37.35



Sears Hometown and Outlet Stores - SHOS - close: 23.10 change: +0.66

Stop Loss: 23.55
Target(s): 20.25
Current Gain/Loss: + 3.3%

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:
01/14/14: Ouch! SHOS has cut our potential gains almost in half with a big +2.9% bounce today. Given the afternoon ramp up in shares more conservative investors may want to just abandon ship right now. We're adjusting our stop loss down to $23.55.

current Position: short SHOS @ $23.90

01/14/14 new stop loss @ 23.55
01/11/14 new stop loss @ 25.05




CLOSED BULLISH PLAYS

Starz - STRZA - close: 29.83 change: -0.15

Stop Loss: 29.45
Target(s): 34.75
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 11, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.7 million
New Positions: see below

Comments:
01/14/14: STRZA delivered a disappointing session on Tuesday. On one hand STRZA did rebound from its lows and the short-term trend of higher lows remains intact, which is bullish. However, on the other hand STRZA did not really participate in the market's widespread bounce today. That's a troubling sign. We're electing to drop STRZA as an active candidate. Our trade did not open.

Trade did not open.

01/14/14 removed from the newsletter. suggested entry trigger was $30.75

chart: