Editor's Note:
The NASDAQ composite hit new 13-year highs while the small cap Russell 2000 and the Dow Transportation average both closed at new all-time highs.

CAR and P hit our entry triggers.
We want to exit both CZR and YNDX tomorrow morning.
SHOS hit our new stop loss.


Current Portfolio:


BULLISH Play Updates

TD Ameritrade Holding Corp. - AMTD - close: 31.81 change: +0.49

Stop Loss: 30.65
Target(s): 33.85
Current Gain/Loss: + 3.8%

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:
01/15/14: AMTD continues to show relative strength with a +1.5% gain on top of yesterday's rally. Keep in mind that we only have three more trading days left on this trade. I am moving our stop loss to $30.65.

current Position: long AMTD stock @ $30.65

01/15/14 new stop loss @ 30.65
01/14/14 new stop loss @ 30.45
01/04/14 new stop loss @ 29.90
12/31/13 triggered at $30.65



Avis Budget Group, Inc. - CAR - close: 41.71 change: +1.03

Stop Loss: 39.85
Target(s): 45.00
Current Gain/Loss: + 2.1%

Entry on January 15 at $40.85
Listed on January 14, 2014
Time Frame: Exit PRIOR to earnings in mid February
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
01/15/14: Right on cue shares of CAR have broken out to new highs. Our suggested entry point was hit at $40.85 early this morning. We will adjust our stop loss up to $39.85.

current Position: Long CAR stock @ $40.85

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

Long Feb $40 call (CAR1422B40) entry $2.50*

01/15/14 new stop loss @ 39.85, triggered at $40.85
*option entry price is an estimate since the option did not trade at the time our play was opened.



Caesars Entertainment - CZR - close: 22.08 change: -0.54

Stop Loss: 21.80
Target(s): 26.00
Current Gain/Loss: - 2.4%

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:
01/15/14: We think it's time to worry about CZR's performance. The stock has underperformed the market two days in a row. Shares hit $21.82 intraday. Our stop is at $21.80. It's possible that CZR could bounce from the $22.00 level, which we suspected would be short-term support. However, given CZR's relative weakness we would rather exit immediately to cut our losses.

*small positions*

current Position: long CZR stock @ $22.62

01/15/14 prepare to exit tomorrow morning
01/11/14 new stop loss @ 21.80
01/06/14 trade opened on gap down at $22.62



Lannett Company, Inc. - LCI - close: 36.89 change: +0.65

Stop Loss: 33.95
Target(s): 39.50
Current Gain/Loss: +5.0%

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:
01/15/14: LCI was showing relative strength today. The stock rallied up to $38.16 before paring its gains. Even with the intraday pullback LCI posted a +1.79% gain. More conservative traders may want to raise their stop loss closer toward yesterday's low ($34.82).

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: 26.22 change: -0.06

Stop Loss: 24.95
Target(s): 28.50
Current Gain/Loss: + 0.1%

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:
01/15/14: I am starting to lose patience with our MDCA trade. If shares don't start moving soon we'll drop it. I am not suggesting new positions at this time.

current Position: long MDCA stock @ $26.20

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




Pandora Media - P - close: 35.05 change: +0.92

Stop Loss: 32.65
Target(s): 39.50
Current Gain/Loss: + 1.4%

Entry on January 15 at $34.55
Listed on January 14, 2014
Time Frame: exit PRIOR to earnings on February 5th
Average Daily Volume = 9.6 million
New Positions: see below

Comments:
01/15/14: Pandora was a strong performer today with a +2.69% gain. The stock gapped open higher at $34.39 and almost hit $35.50 intraday. Hopefully broken resistance near $34.00 will be new support. Our trigger to open positions was hit this morning at $34.55.

Earlier Comments:
If this rally continues it could spark more short covering. The most recent data listed short interest at 18% of the 154 million share float. Our target is $39.50. However, we will plan on exiting prior to Pandora's earnings report on February 5th.

current Position: long P stock @ $34.55

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

Long Feb $35 call (P1422B35) entry $2.55*

01/15/14 triggered @ 34.55
*option entry price is an estimate since the option did not trade at the time our play was opened.



Ternium S.A. - TX - close: 32.24 change: +0.15

Stop Loss: 29.90
Target(s): 35.00
Current Gain/Loss: + 1.5%

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:
01/15/14: TX has extended its gains to five up days in a row. If you're worried about chasing the 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: 43.36 chnage: -0.42

Stop Loss: 41.90
Target(s): 48.50
Current Gain/Loss: + 0.1%

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:
01/15/14: YNDX did not participate in the market's rally today. Shares posted a -0.95% decline. I am suggesting an immediate exit tomorrow morning.

*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*

01/15/14 prepare to exit tomorrow morning
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: 37.57 change: +0.52

Stop Loss: 38.05
Target(s): 35.10
Current Gain/Loss: + 2.3%

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:
01/15/14: The oversold bounce in BBY continued today with a +1.4% gain. If this bounce continues tomorrow we could see BBY hit our stop at $38.05. I am not suggesting new positions.

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: 35.78 change: +0.35

Stop Loss: 36.25
Target(s): 31.00
Current Gain/Loss: + 4.2%

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:
01/15/14: We urged caution on EC shares in last night's newsletter due to its slowing momentum. This morning the stock gapped open higher as shares reacted to bullish analyst comments. Fortunately the bounce stalled under the $36.00 level. I am not suggesting new positions at this time. More conservative investors may want to exit early now.

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



CLOSED BEARISH PLAYS

Sears Hometown and Outlet Stores - SHOS - close: 23.40 change: +0.30

Stop Loss: 23.55
Target(s): 20.25
Current Gain/Loss: + 1.5%

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:
01/15/14: The oversold bounce in SHOS continued today and shares briefly traded above their 10-dma before paring their gains. Our stop loss was hit at $23.55.

closed Position: short SHOS @ $23.90 exit $23.55 (+1.5%)

01/15/14 stopped out
01/14/14 new stop loss @ 23.55
01/11/14 new stop loss @ 25.05

chart: