Editor's Note:
Our new bullish candidates added last night are off to a strong start.

ADSK and ARWR hit our entry triggers. We've added an alternative entry trigger to the JPM trade.


Current Portfolio:


BULLISH Play Updates

Autodesk, Inc. - ADSK - close: 51.24 change: +0.65

Stop Loss: 49.25
Target(s): 56.50
Current Gain/Loss: + 0.3%

Entry on January 28 at $51.10
Listed on January 27, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.6 million
New Positions: see below

Comments:
01/28/14: Our new ADSK is off to a decent start. Shares hit our suggested entry point at $51.10 late morning. By the closing bell ADSK was above its simple 10-dma. If the market opens positive tomorrow I would still launch new positions in ADSK at current levels.

current Position: Long ADSK stock @ $51.10

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

Long MAR $55 call (ADSK1422C55) entry $1.44

01/28/14 triggered @ 51.10



Arrowhead Research - ARWR - close: 13.66 change: +1.63

Stop Loss: 11.80
Target(s): 15.00
Current Gain/Loss: +11.1%

Entry on January 28 at $12.30
Listed on January 27, 2014
Time Frame: Plan to EXIT Prior to earnings on February 4th
Average Daily Volume = 790 thousand
New Positions: see below

Comments:
01/28/14: Our ARWR is off to a very strong start. Shares surged +13.5% today. Our trade opened at $12.30 this morning. The stock's rally stalled near its January high of $13.87 (high today was $13.80). More conservative traders may want to just take profits now. Our time frame just changed dramatically. After the bell tonight ARWR announced they would report earnings on February 4th. We do not want to hold over the announcement.

Tonight we are adjusting our stop loss to $11.80.

Our plan was to limit our risk with small positions.

*small positions*

current Position: Long ARWR stock @ $12.30

01/28/14 new stop loss @ 11.80
We need to exit PRIOR to earnings on February 4th!
01/28/14 triggered @ 12.30



Hewlett-Packard Co. - HPQ - close: 29.00 change: +0.40

Stop Loss: 26.95
Target(s): TBD
Current Gain/Loss: + 1.6%

Entry on January 27 at $28.53
Listed on January 18, 2014
Time Frame: exit PRIOR to earnings on Feb. 20th
Average Daily Volume = 13.2 million
New Positions: see below

Comments:
01/28/14: HPQ displayed some relative strength today with a +1.39% gain versus the +0.5% bump in the Dow Industrials and +0.6% gain for the S&P 500. If both HPQ and the S&P 500 open positive tomorrow I would still consider new positions at current levels.

current Position: long HPQ stock @ $28.53

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

Long Mar $30 call (HPQ1422C30) entry $0.96

01/27/14 trade opens at $28.53
01/25/14 adjust entry strategy and open positions on Monday morning (Jan 27th)
01/25/14 new stop loss @ 26.95
01/23/14 new stop @ 28.95
Nimble traders may want to look for support near $28.70 as an alternative entry point.



JPMorgan Chase & Co - JPM - close: 55.74 change: +0.65

Stop Loss: 52.40
Target(s): 59.00
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 25, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 18 million
New Positions: Yes, see below

Comments:
01/28/14: I am starting to think we may not see JPM hit our suggested buy-the-dip trigger at $54.00. The stock closed unchanged yesterday and outperformed the broader market today with a +1.1% gain. I am suggesting a secondary entry point to launch small bullish positions at $56.25. If triggered at $56.25 we'll move our stop to $53.90. I am adjusting our exit target to $59.75.

This means we have two potential entry triggers on JPM. One at $54.00 and one at $56.25 (with a stop at $53.90).

Earlier Comments:
I am suggesting a buy-the-dip trigger at $54.00. Our multi-week target is $59.00.

Trigger @ $54.00 or $56.25

Suggested Position: buy JPM stock @ (trigger)

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

Buy the MAR $55 call (JPM1422C55)

01/28/14 add a secondary entry trigger at $56.25
adjust the exit target to $59.75



Mylan, Inc. - MYL - close: 44.70 change: +0.69

Stop Loss: 41.90
Target(s): 48.00
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 25, 2014
Time Frame: Exit PRIOR to earnings in late February
Average Daily Volume = 3.0 million
New Positions: Yes, see below

Comments:
01/28/14: MYL also displayed relative strength today with a +1.5% bounce. Yet the bounce seemed to struggle with the $45.00 level this afternoon. More aggressive traders may want to consider launching bullish positions on a move above $45.00. At the moment we are going to keep our suggested entry point at $43.55.

Earlier Comments:
I am suggesting we buy the dip and use a trigger to launch bullish positions at $43.55. If triggered we'll start with a stop loss at $41.90. Our target is $48.00 but we will plan on exiting prior to MYL's earnings report in late February (no confirmed date yet).

Trigger @ $43.55

Suggested Position: buy MYL stock @ (trigger)

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

Buy the Mar $45 call (MYL1422C45)



BEARISH Play Updates

Ecopetrol SA - EC - close: 34.59 change: +0.35

Stop Loss: 35.65
Target(s): 31.00
Current Gain/Loss: + 7.4%

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:
01/28/14: Hmm... EC has managed to bounce two days in a row. More conservative investors might want to start taking some money off the table as our potential gains erode. I am not suggesting new positions.

current Position: short EC stock @ $37.35

01/28/14 investors may want to start taking some money off the table
01/27/14 new stop loss @ 35.65
01/14/14 new stop loss @ 36.25
01/08/14 new stop loss @ 38.25
01/06/14 triggered @ 37.35



Vitamin Shoppe, Inc. - VSI - close: 45.35 change: -0.24

Stop Loss: 48.05
Target(s): 41.00
Current Gain/Loss: + 1.1%

Entry on January 24 at $45.85
Listed on January 23, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 535 thousand
New Positions: see below

Comments:
01/28/14: VSI continues to underperform the market for us. Shares lost another -0.5% today and set a new two-month closing low.

Earlier Comments:
I do consider this a slightly more aggressive trade. The most recent data listed short interest at almost 15% of the 27.5 million share float. Therefore I'm suggesting small positions to limit our risk.

*small positions*

current Position: short VSI stock @ $45.85

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

Long Feb $45 PUT (VSI1422N45) entry $1.62

01/24/14 triggered @ $45.85