Editor's Note:
The world is currently focused on the dangerous situation building in Japan regarding its nuclear energy facilities. That left investors distracted and stocks trended lower but pared their losses by the close. We saw our Citigroup play get stopped out. I am removing HSIC as a candidate.

-James

Current Portfolio:


BULLISH Play Updates

ACI Worldwide Inc. - ACIW - close: 30.44 change: -0.13

Stop Loss: 27.80
Target(s): 33.00, 34.75
Current Gain/Loss: + 2.7%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/14 update: ACIW is still consolidating sideways near support at $30.00 but I have to point out that shares have been unable to break the short-term bearish trend of lower highs. This might suggest ACIW is about to breakdown and if that happens ACIW could drop toward the next level of support near $28.00 and its 50-dma. 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

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


Baxter Intl. - BAX - close: 52.13 change: -0.47

Stop Loss: 50.75
Target(s): 54.90, 57.50
Current Gain/Loss: + 0.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/14 update: What happened to BAX this morning? There was an article out today that suggested medical device makers could see an earnings hit since Japan is such a large market for their products. Shares of BAX gapped open lower at $51.23 before spiking higher. Of course it could be a bad tick since most quote services are listing BAX's open at $53.14 today. BAX does look vulnerable and I would not be surprised to see a pull back toward the 50 and 100-dma near $50.90. I am suggesting we inch down our stop loss to $50.75 just to give BAX a little room to maneuver.

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

03/14 Adjust stop back to $50.75
03/05 New stop loss @ 50.90

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


Bristol Myers Squibb - BMY - close: 26.20 change: -0.21

Stop Loss: 25.75
Target(s): 27.75
Current Gain/Loss: + 0.2%
Time Frame: 6 to 9 weeks
New Positions: see below

Comments:
03/14 update: Widespread weakness across the global markets was enough to push BMY lower at the open. Shares gapped down at $26.14 and dipped to the $26.00 level before paring its losses. I would still consider new positions now since this looks like a bounce from technical support at the 200-dma. Our optimistic target is $27.75.

FYI: The Point & Figure chart for BMY is bullish with a $43 target.

Current Position: Long BMY stock @ $26.14

- or -

Long the June $26 calls (BMY1118F26) Entry @ $1.10

Entry on March 14 at $26.14
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 13 million
Listed on March 12th, 2010


Boston Scientific Corp. - BSX - close: 7.30 change: -0.21

Stop Loss: 7.19
Target(s): 7.80, 8.90
Current Gain/Loss: + 1.1%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/14 update: This might be a new entry point in BSX. Shares underperformed with a -2.7% loss but the stock found support at $7.20 just as we expected. This level is bolstered by the 30, 40, and 50-dma. We have a stop loss at $7.19 so readers can buy this dip with a minimize amount of risk (assuming the stock doesn't gap down on us). 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

03/09 New stop loss @ 7.19
03/09 1st Target Hit (+8.0%), Option @ $0.88 (+100%)

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: 31.35 change: +0.31

Stop Loss: 28.99
Target(s): 34.85, 38.00
Current Gain/Loss: + 3.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/14 update: GIL continues to show some relative strength. The stock added almost +1% today. While I remain bullish on the stock I'm a little hesitant to open new positions given the market's widespread weakness. More conservative traders might want to raise their stops toward the $29.50 or $29.90 levels to reduce their risks. Currently our stop is at $28.99.

Current Position: long GIL stock @ 30.35

- or -

Long the April $30 call (GIL1116D30) Entry @ $1.60

03/08 Triggered $ 30.35
03/01 Adjusted buy-the-dip trigger to $30.35
03/01 Adjusted stop loss to $28.99

Entry on March 8 at $30.35
Earnings Date 05/12/11 (unconfirmed)
Average Daily Volume: 634 thousand
Listed on February 28th, 2010


Jos. A Bank Clothiers Inc. - JOSB - close: 46.16 change: -0.98

Stop Loss: 44.75
Target(s): 49.85, 52.25
Current Gain/Loss: + 0.3%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/14 update: The market weakness sucked the wind out of JOSB's latest breakout attempt. The stock remains stuck inside its $48-45 trading range. I am not suggesting new positions at this time.

FYI: The most recent data listed short interest at almost 25% of JOSB's 27.3 million-share float. There is definitely room for some short covering here. Plus, the Point & Figure chart for JOSB is bullish with a $62 target.

- Small Bullish Positions -

Current Position: Long JOSB stock @ $45.99

- or -

Long the April $50 calls (JOSB1116D50) Entry @ $0.95

Entry on March 7 at $45.99
Earnings Date 03/30/11 (unconfirmed)
Average Daily Volume: 355 thousand
Listed on March 5th, 2010


Lincare Holdings Inc. - LNCR - close: 29.49 change: -0.24

Stop Loss: 28.75
Target(s): 29.90, 31.50
Current Gain/Loss: + 3.9%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/14 update: LNCR is still consolidating sideways and looks like it might test the $29.00 level soon. There is no change from my prior comments. Conservative traders may want to lock in gains early. I am not suggesting new 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

03/09 New stop loss @ 28.75
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.

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


NVIDIA Corp. - NVDA - close: 18.20 change: +0.15

Stop Loss: 16.85
Target(s): 19.95, 21.75
Current Gain/Loss: + 0.0%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/14 update: So far so good. It looks like support near $18.00 and its 100-dma is holding. I would still consider new positions here at current levels. Keep in mind that this is a very speculative, higher-risk trade.

The low on Friday was $17.66. You could put your stop loss at $17.49 but I'm willing to give NVDA a little bit of room since the market has been a little volatile lately. We will put our stop loss at $16.85. Our upside targets to take profits are at $19.95 and $21.75. Remember to keep your positions small to limit your risk.

- small bullish positions -

Current Position: long NVDA stock @ $18.19

- or -

Long the April $20 calls (NVDA1116D20) Entry @ $0.72

Entry on March 14 at $18.19
Earnings Date 05/12/11 (unconfirmed)
Average Daily Volume: 35 million
Listed on March 12th, 2010


Omnicom Group Inc. - OMC - close: 48.36 change: -1.10

Stop Loss: 47.65
Target(s): 54.00
Current Gain/Loss: -3.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/14 update: I have been warning readers to expect a drop toward short-term support near $48.00. OMC is getting close to this level. The 50-dma near $47.65 could also offer some support. At this time I would wait for a strong bounce from this level before considering new bullish positions.

Current Position: Long OMC stock @ $50.04

- or -

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

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: 43.22 change: -0.80

Stop Loss: 42.65
Target(s): 49.75
Current Gain/Loss: - 4.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/14 update: Readers may want to abandon ship with our SIG play. Shares have technically closed under the 50-dma and the stock looks poised to move lower. The stock fell to $42.69 intraday. Our stop loss is at $42.65. If there is any follow through tomorrow we will get stopped out. I am not suggesting new positions at this time.

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.

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


Wyndham Worldwide - WYN - close: 30.79 change: -0.50

Stop Loss: 29.90
Target(s): 34.50, 37.50
Current Gain/Loss: - 2.1%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/14 update: There is no change from my prior comments on WYN. The stock looks poised to drop toward the $30.00 level and its 50 and 100-dma, all of which should offer some support. No new positions at this time.

Current Position: Long WYN stock @ $31.45

- or -

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

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


BEARISH Play Updates

Overseas Shipholding Group - OSG - close: 32.55 change: -0.59

Stop Loss: 34.25
Target(s): 27.75, 25.25
Current Gain/Loss: - 1.0%
Time Frame: 8 to 9 weeks
New Positions: see below

Comments:
03/14 update: OSG is still churning sideways in its $33.50-31.50 zone. Big picture the path of least resistance is still down. I would still consider bearish positions here. More conservative traders may want to lower their stops.

Our plan was to use small positions to limit our risk. We can add to our position when OSG breaks down under $31.40. The P&F chart is forecasting a $25 target. I am suggesting we set our exit targets at $27.75 and $25.25.

- Small Bearish Positions -

Current Position: Short OSG stock @ $32.20

- or -

Long the April $30 PUTS (OSG1116P30) Entry @ $0.75

Entry on March 11 at $32.20
Earnings Date 05/04/11 (unconfirmed)
Average Daily Volume: 705 thousand
Listed on March 10th, 2010


CLOSED BULLISH PLAYS

Citigroup Inc. - C - close: 4.54 change: -0.03

Stop Loss: 4.47
Target(s): 4.95, 5.40
Current Gain/Loss: - 4.2%
Time Frame: 8 to 10 weeks
New Positions: see below

Comments:
03/14 update: Stocks were down across the globe as investors reacted to the dire situation in Japan. That pushed Citigroup under recent support at $4.50 but shares recovered by the closing bell. Unfortunately, the intraday low was $4.47, which just happens to be our stop loss so our play has been closed.

I remain bullish on Citigroup but we may want to wait and look for a dip near the $4.40-4.30 zone as our next entry point.

Small Bullish Positions

Closed Position: Citigroup stock @ $4.67, Exit @ $4.47 (-4.2%)

- or -

May $4.50 calls (C1121E4.5) Entry @ $0.32, Exit @ $0.21 (-34.3%)

03/14 Stopped out @ 4.47 (-4.2%), Option @ -34.3%)

chart:

Entry on March 9 at $ 4.67
Earnings Date 04/18/11 (unconfirmed)
Average Daily Volume: 460 million
Listed on March 8th, 2010


Henry Schein Inc. - HSIC - close: 66.70 change: -0.79

Stop Loss: 67.75
Target(s): 74.75, 79.00
Current Gain/Loss: Unopened
Time Frame: 6 to 9 weeks
New Positions: Yes, see trigger

Comments:
03/14 update: HSIC continues to drop. The stock has broken its up trend and our trigger to open bullish positions has not been hit at $70.25. I am removing HSIC as a bullish candidate. However, readers may want to keep the stock on their watch list to see if shares can find support near the $65 level.

Our trade never opened.

chart:

Entry on March xxth at $ xx.xx
Earnings Date 05/04/11 (unconfirmed)
Average Daily Volume = 530 thousand
Listed on March 9th, 2010