Editor's Note:
Traders are still in buy-the-dip mode and were not afraid of what the weekend might bring as stocks bounced off their intraday lows.

-James

Current Portfolio:


BULLISH Play Updates

Alcoa Inc - AA - close: 16.58 change: -0.06

Stop Loss: 15.95
Target(s): 18.50, 19.75
Current Gain/Loss: - 6.0%
2nd Position Current Gain/Loss: - 1.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: Shares of AA are still consolidating sideways between support near $16 and the bottom of its bullish channel (near the 50-dma) and resistance near $17. I'd rather see a move over $17.00 before initiating new positions.

Current Position: Long AA stock @ $17.65

- or -

Long the March $17.00 calls (AA1119C17) Entry @ $0.98

-2nd position, Entry Feb. 25th -

New Position: Buy AA stock @ 16.84

- or -

Buy the March $17.00 calls (AA1119C17) Entry @ $0.39

02/25 AA opened at $16.84. March $17 calls opened @ $0.39
02/24 Open new positions on the bounce.
02/23 use the bounce as a new entry point.
02/22 Adjust the stop loss to $15.95
02/18 AA provides another entry point
02/14 AA hits our breakout trigger @ 17.65, Stop @ 16.25

chart:

Entry on February 14 at $17.65
Earnings Date 04/11/11 (unconfirmed)
Average Daily Volume: 41 million
Listed on February 2nd, 2010


Arch Coal Inc. - ACI - close: 35.99 change: +0.86

Stop Loss: 31.95
Target(s): 39.50, 42.50
Current Gain/Loss: + 3.5%
Time Frame: 8 to 10 weeks
New Positions: see below

Comments:
03/05 update: The rally in ACI continues and volume is improving with the advance. Shares almost broke out past their January highs and ACI hit an intraday high of $36.67 on Friday. Odds are good the stock could see a little profit taking here. Look for a dip near $35-34 as our next entry point. Our multi-week targets are $39.50 and $42.50.
FYI: The Point & Figure chart for ACI is bullish with a $40 target.

Current Position: Long ACI stock @ 34.76

- or -

Long the April $35 calls (ACI1116D35) Entry @ $1.75

03/03 ACI gapped open at $34.76 (trigger was $34.75)

chart:

Entry on March 3 at $34.76
Earnings Date 04/19/11 (unconfirmed)
Average Daily Volume: 3.4 million
Listed on March 2nd, 2010


ACI Worldwide Inc. - ACIW - close: 31.56 change: -0.18

Stop Loss: 27.80
Target(s): 33.00, 34.75
Current Gain/Loss: + 6.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: ACIW still looks a little bit overbought here. Wait for a dip near $30 as our next bullish entry point. More conservative traders will want to seriously consider taking profits right now! Our bullish targets are $33.00 and $34.75.

FYI: ACIW does have options but the spreads are very wide, which puts us at a significant disadvantage.

SMALL bullish positions

Current Position: Long ACIW stock @ $29.63

chart:

Entry on February 25 at $29.63
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 122 thousand
Listed on February 24th, 2010


AnnTaylor Stores - ANN - close: 24.35 change: +0.18

Stop Loss: 22.85
Target(s): 25.90, 27.85
Current Gain/Loss: + 2.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: Shares of ANN have managed to close above technical resistance at its 50 and 100-dma but have not quite broken away from its trading range in the $23.00-24.50 zone. We don't have much time left with earnings on March 11th. I am not suggesting new bullish positions at this time.

Small Positions

Current Position: Long ANN stock @ $23.86

- or -

Long the March $22.50 calls (ANN1119C22.5) Entry @ $2.35

02/23 New stop loss @ 22.85
02/22 New stop loss @ 22.40

chart:

Entry on February 14 at $23.86
Earnings Date 03/11/11 (confirmed)
Average Daily Volume: 3.0 million
Listed on February 8th, 2010


Baxter Intl. - BAX - close: 53.80 change: -0.11

Stop Loss: 50.90
Target(s): 54.90, 57.50
Current Gain/Loss: + 3.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: After Thursday's big gain shares of BAX spent Friday consolidating sideways. I would consider new positions here (if you're targeting $57.50) or you could hope for a dip near $52.50 and launch positions there. Please note our new stop loss at $50.90. The plan was to keep our position size small to limit our risk.

FYI: The Point & Figure chart for BAX is bullish with a $73 target.

(small positions only)

Current Position: Long BAX stock @ 52.00

- or -

Long the May $55 call (BAX1121E55) Entry @ $1.05

03/05 New stop loss @ 50.90

chart:

Entry on February 22 at $52.00
Earnings Date 04/21/11 (unconfirmed)
Average Daily Volume: 5.8 million
Listed on February 19th, 2010


Boston Scientific Corp. - BSX - close: 7.53 change: -0.03

Stop Loss: 6.85
Target(s): 7.80, 8.90
Current Gain/Loss: + 4.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: BSX appears to be building up steam for a bullish breakout past resistance near $7.70. I would wait for another dip or bounce from its 50-dma around $7.30 before initiating new positions. The plan is to keep our position size small to limit our risk.

- (Small Positions to Limit our Risk)

Current Position: Long BSX stock @ 7.22

- or -

Long the April $7.00 calls (BSX1116D7) Entry @ $0.44

chart:

Entry on February 28 at $ 7.22
Earnings Date 04/26/11 (unconfirmed)
Average Daily Volume: 16 million
Listed on February 26th, 2010


Gildan Activewear - GIL - close: 30.98 change: -0.08

Stop Loss: 28.99
Target(s): 34.85, 38.00
Current Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
03/05 update: GIL has spent the last few days consolidating sideways and hasn't reacted that much to the market's recent volatility. I am still suggesting we wait and use a trigger to buy a dip at $30.35 with a stop loss at $28.99. Alternatively readers could wait for a breakout past $32.50.

Trigger @ 30.35

Suggested Position: buy GIL stock @ 30.35

- or -

Buy the April $30 call (GIL1116D30)

03/01 Adjusted buy-the-dip trigger to $30.35
03/01 Adjusted stop loss to $28.99

chart:

Entry on March x at $xx.xx
Earnings Date 05/12/11 (unconfirmed)
Average Daily Volume: 634 thousand
Listed on February 28th, 2010


Intuit - INTU - close: 52.81 change: -0.09

Stop Loss: 49.90
Target(s): 54.75, 59.00
Current Gain/Loss: + 1.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: INTU was helpful on Friday since Thursday night I suggested buying dips near $52 and INTU slipped to $52.11 on Friday before bouncing higher. I would still consider bullish positions now.

Current Position: Long INTU stock @ $51.87

- or -

Long the March $52.50 calls (INTU1119C52.5) Entry @ $1.10

- or -

Long the April $55.00 calls (INTU1116D55) Entry @ $1.05

03/03 New stop loss @ 49.90

chart:

Entry on February 25 at $51.87
Earnings Date 05/19/11 (unconfirmed)
Average Daily Volume: 2.8 million
Listed on February 24th, 2010


Lincare Holdings Inc. - LNCR - close: 29.80 change: +0.41

Stop Loss: 28.45
Target(s): 29.90, 31.50
Current Gain/Loss: + 5.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: LNCR was showing relative strength on Friday with a +1.3% gain and a rally toward its recent highs. If shares can breakout here the stock could see a quick move to fill the gap down from last July. This could spark a quick run into the $31.25-31.50 zone. I am adjusting our final exit target to $31.50. We're also adjusting our stop loss to $28.45. I am not suggesting new bullish positions at this time.

FYI: The Point & Figure chart for LNCR is bullish with a $40 target. Plus, investors will be interested to note that LNCR has relatively high short interest. The most recent data listed short interest at 11.5% of the 86-million share float. With the recent breakout this stock could see a short squeeze.

- Small Bullish Positions -

Current Position: Long LNCR stock @ 28.37

- or -

Long the March $29.00 calls (LNCR1119C29) Entry @ $0.75

03/05 New stop loss @ 28.45, Adjusted target to $31.50
03/01 The exit number below is updated for Tuesday's open
02/28 Sell Half to lock in a gain. LNCR @ $29.52 (+4.0%)
02/28 Sell Half: March $29 calls bid $0.85 (+13.3%)
02/22 New stop loss @ 27.95
02/19 New stop loss @ 27.45
02/12 Adjusted entry point to current levels.

chart:

Entry on February 14 at $28.37
Earnings Date 04/19/11 (unconfirmed)
Average Daily Volume: 932 thousand
Listed on February 9th, 2010


Maxim Integrated Products - MXIM - close: 27.51 change: -0.23

Stop Loss: 25.95
Target(s): 29.90, 33.50
Current Gain/Loss: - 0.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: The rally in chip stocks stalled on Friday. I would still consider new bullish positions here or you could wait for a breakout past the $28.50 level.

Current Position: Long MXIM stock @ $27.68

- or -

Long the April $30 calls (MXIM1116D30) Entry @ $0.35

chart:

Entry on February 28 at $27.68
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 3.3 million
Listed on February 26th, 2010


Omnicom Group Inc. - OMC - close: 49.55 change: -0.44

Stop Loss: 47.65
Target(s): 54.00
Current Gain/Loss: -0.9%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: Overall the action last week in OMC looks a little bearish with a potential top and bearish reversal. Some of the short-term technical oscillators have turned bearish as well. Yet, traders bought the dip in OMC near $49.10 and its 20-dma several times on Friday. I would wait for a move back above the $50.00 mark before initiating new positions. Friday's high was $50.11 and Thursday's high was $50.42 so you could use those levels as your line in the sand to buy OMC. An alternative entry point would be to wait for a potential dip near support around the $48.00 level.

Current Position: Long OMC stock @ $50.04

- or -

Long the April $50 calls (OMC1116D50) Entry @ $1.65

chart:

Entry on February 28 at $50.04
Earnings Date 04/20/11 (unconfirmed)
Average Daily Volume: 2.8 million
Listed on February 26th, 2010


Signet Jewelers Limited - SIG - close: 44.61 change: -0.49

Stop Loss: 42.65
Target(s): 49.75
Current Gain/Loss: - 1.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: Nothing has changed for SIG. The stock remains inside its trading range. Let's wait for a move past resistance near $45.50 before initiating new bullish positions. Nimble traders could try and buy a dip near $43.00 instead.

Current Position: Long SIG stock @ $45.25

- or -

Long the March $45 calls (SIG1119C45) Entry @ $1.85

02/28 New stop loss @ 42.65
02/28 Consider scaling back positions here.

chart:

Entry on February 18 at $45.25
Earnings Date 03/30/11 (unconfirmed)
Average Daily Volume: 436 thousand
Listed on February 16th, 2010


Sony Corp. - SNE - close: 35.95 change: -0.41

Stop Loss: 34.80
Target(s): 39.90, 43.50
Current Gain/Loss: - 2.1%
Time Frame: 8 to 10 weeks
New Positions: see below

Comments:
03/05 update: SNE dipped toward technical support near its 30, 40 and 50-dma(s) on Friday before finally bouncing off its intraday lows. I am suggesting readers use this dip as a new entry point to launch bullish positions. More conservative traders may want to wait for a close over $37.00. Just remember, SNE doesn't normally move super fast.

FYI: The Point & Figure chart for SNE is bullish with a $53 target.

Current Position: long SNE stock @ $36.72

- or -

Long the April $38 calls (SNE1116D38) Entry @ $0.85

chart:

Entry on March 1 at $36.72
Earnings Date 05/12/11 (unconfirmed)
Average Daily Volume: 862 thousand
Listed on February 28th, 2010


Wyndham Worldwide - WYN - close: 31.70 change: +0.51

Stop Loss: 29.90
Target(s): 34.50, 37.50
Current Gain/Loss: + 0.7%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/05 update: WYN was showing some relative strength on Friday with a +1.6% gain. I am suggesting bullish positions now but readers might want to wait for WYN to breakout past the $32.00 level first.

Current Position: Long WYN stock @ $31.45

- or -

Long the April $32 calls (WYN1116D32) Entry @ $1.15

chart:

Entry on February 28 at $31.45
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 3.2 million
Listed on February 26th, 2010


ZOLL Medical Corp. - ZOLL - close: 46.30 change: -0.36

Stop Loss: 43.95
Target(s): 49.80, 53.50
Current Gain/Loss: - 0.5%
Time Frame: 8 to 10 weeks
New Positions: see below

Comments:
03/05 update: ZOLL opened at $46.54 and then quickly moved toward its low for the day at $45.62. Shares did pare their losses by the closing bell. I don't see any changes from my Thursday night comments. I would still consider bullish positions now. Alternatively you could wait for a dip near $45.00 and its 30 or 40-dma as your entry point or you could wait for ZOLL to rally past the $47.00 level. More conservative traders might want to use a stop closer to $44.75.

FYI: The Point & Figure chart for ZOLL is bullish with a $55 target. ZOLL does have options but the spreads are too wide. You'll also find it interesting that the most recent data listed short interest in ZOLL at 10% of the very small 21.5 million-share float.

Suggested Position: Long ZOLL stock @ $46.54

chart:

Entry on March 4 at $46.54
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 180 thousand
Listed on March 3rd, 2010