Editor's Note:
The end of the week brought a quiet session for the markets. Stocks slowly drifted lower.

We closed our AMTD trade on Friday. I am suggesting we exit our MDCA trade immediately.


Current Portfolio:


BULLISH Play Updates

Avis Budget Group, Inc. - CAR - close: 40.96 change: -0.56

Stop Loss: 39.85
Target(s): 45.00
Current Gain/Loss: + 0.3%

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:
01/18/14: Shares of CAR have not been cooperating. The stock spiked higher on Thursday morning but they've been drifting lower since then. I do expect CAR to find support inside the $40.00-41.00 area. The next bounce might be our next entry point.

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.

chart:



Hanger, Inc. - HGR - close: 40.28 change: -0.16

Stop Loss: 39.45
Target(s): 44.50
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 16, 2014
Time Frame: 4 to 5 weeks
Average Daily Volume = 159 thousand
New Positions: Yes, see below

Comments:
01/18/14: HGR spent Friday's session churning sideways and retested the $40.00 level as short-term support. I don't see any changes from our Thursday night new play description.

Earlier Comments:
I am suggesting a trigger to open bullish positions at $40.70. Our target is $44.50. However, we will plan on exiting prior to HGR's earnings report (estimated in mid February).

Trigger @ 40.70

Suggested Position: buy HGR stock @ (trigger)

chart:



Lannett Company, Inc. - LCI - close: 35.95 change: -0.29

Stop Loss: 34.40
Target(s): 39.50
Current Gain/Loss: +2.3%

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:
01/18/14: This past week saw LCI tag new highs near $38 but shares have spent the last two and a half days consolidating lower. I would expect the $35.00 level to offer some support. Therefore we'll moving our stop loss up to $34.40. More aggressive traders will want to keep their stop below support at $34.00 instead.

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

01/18/14 new stop loss @ 34.40
01/14/14 new stop loss @ 33.95
01/13/14 new stop loss @ 33.65
01/10/14 triggered @ 35.15

chart:



MDC Partners Inc. - MDCA - close: 26.02 change: -0.30

Stop Loss: 24.95
Target(s): 28.50
Current Gain/Loss: - 0.7%

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:
01/18/14: MDCA is not cooperating. Shares have been unable to escape the gravitational pull of the $26.00 level. I am suggesting an immediate exit on Tuesday morning (market is closed on Monday).

current Position: long MDCA stock @ $26.20

01/18/14 prepare to exit immediately
01/14/14 new stop loss @ 24.95
01/09/14 triggered @ 26.20

chart:




Pandora Media - P - close: 35.12 change: -0.62

Stop Loss: 33.75
Target(s): 39.50
Current Gain/Loss: + 1.6%

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:
01/18/14: After a three-day rally shares of Pandora saw some profit taking on Friday. The stock essentially erased Thursday's gains. We can look for potential short-term support near $34.00.

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*

01/16/14 new stop loss @ 33.75
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.

chart:



Solar ETF - TAN - close: 41.77 change: -0.91

Stop Loss: 39.75
Target(s): 48.50
Current Gain/Loss: - 1.1%

Entry on January 16 at $42.25
Listed on January 14, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 442 thousand
New Positions: see below

Comments:
01/18/14: I cautioned readers on Thursday night that after big gains on Thursday the solar stocks could see some profit taking. Sure enough the TAN reversed with a -2.1% decline on Friday. Technical traders will also note that Friday's session has created a bearish engulfing candlestick reversal pattern. I would not be surprised to see TAN dip toward $41.00 or its 10-dma (currently near $40.40). Investors may want to wait for a bounce before considering new positions.

Earlier Comments:
Our plan was to use small positions to limit our risk. Our multi-week target is $48.50. This could turn into a multi-month trade so we'll have to try and be patient.

FYI: A rise past $42.00 has created a new triple-top bullish breakout buy signal on TAN's point & figure chart, which is currently forecasting a long-term target of $61.

*small positions*

current Position: long TAN @ $42.25

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

Long April $45 call (TAN1419D45) entry $2.25*

01/18/14 Caution: Friday's move has created a candlestick reversal pattern but it needs to see confirmation
01/16/14 triggered at $42.25 (thanks to SCTY's +12% rally)
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:



Ternium S.A. - TX - close: 31.59 change: +0.11

Stop Loss: 29.90
Target(s): 35.00
Current Gain/Loss: - 0.5%

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:
01/18/14: Friday provided a bit of good news for TX. There was no follow through on Thursday's reversal candlestick pattern. Shares managed to outperform the broader market with a +0.3% gain. I would remain cautious here. More conservative traders may want to raise their stop loss.

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

chart:



BEARISH Play Updates

Ecopetrol SA - EC - close: 35.56 change: +0.15

Stop Loss: 36.25
Target(s): 31.00
Current Gain/Loss: + 4.8%

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:
01/18/14: EC saw a bounce from its intraday lows on Thursday. That bounce continued on Friday. Fortunately for the bears EC is still finding resistance near $36.00 and its simple 10-dma. Investors may want to consider new positions on a new drop below the $35.00 level.

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

chart:




CLOSED BULLISH PLAYS

TD Ameritrade Holding Corp. - AMTD - close: 32.40 change: +0.59

Stop Loss: 31.70
Target(s): 33.85
Current Gain/Loss: + 5.7%

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:
01/18/14: Friday proved to be a relatively quiet session for shares of AMTD. We decided in Thursday's newsletter to exit positions on Friday at the closing bell to avoid holding over AMTD's earnings report next week. The stock closed virtually unchanged with a one-cent gain.

closed Position: long AMTD stock @ $30.65 exit $32.41 (+5.7%)

01/17/14 planned exit at the close
01/16/14 new stop loss @ 31.70, prepare to exit tomorrow at the close
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

chart: