Editor's Note:

Traders may want to keep an eye on the EWJ Japan ETF. Japanese stocks have been showing strength and it's rumored that the government might launch their own version of quantitative easing soon, which could fuel another round of strength in stocks.



NEW BULLISH Plays

FLIR Systems - FLIR - close: 26.92 change: +0.26

Stop Loss: 25.85
Target(s): 29.75
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 984 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
FLIR is starting to rebound from a two-week consolidation pattern. The stock appears to be inside a bullish channel. There is short-term resistance near $27.00. I am suggesting we launch small bullish positions if FLIR hits $27.25. If triggered our target is $29.75.
FYI: The Point & Figure chart for FLIR is bullish with a $43 target.

Trigger @ 27.25

Suggested Position: buy FLIR stock @ (trigger)

Annotated chart:



MeadWestvaco Corp. - MWV - close: 36.42 change: +0.56

Stop Loss: 35.40
Target(s): 39.75
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: Yes, see below

Company Description

Why We Like It:
MWV makes packaging for a variety of products. The stock has spent the last three weeks consolidating sideways beneath the $36.00 level with a bullish trend of higher lows. Now MWV is breaking out. Yet you'll notice the rally on Friday stalled at the $36.50 level. That's because $36.50 has been major resistance for MWV since March 2002. A breakout past $36.50 could spur new buying interest (and possibly short covering).

I am suggesting a trigger to launch bullish positions at $36.65. If triggered our target is $39.75.
FYI: The Point & Figure chart for MWV is bullish with a $42 target.

Trigger @ 36.65

Suggested Position: buy MWV stock @ (trigger)

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

buy the Apr $35 call (MWV1320D35) current ask $1.95

Annotated chart: