Editor's Note:
The stock market failed to see any follow through higher on last week's three-day bounce. Investors could be waiting to hear from the FOMC tomorrow before making any new decisions.

We did see our bearish plays on ACI and TRLG get stopped out.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 36.63 change: -0.21

Stop Loss: 34.65
Target(s): 39.75 & 41.50
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Comments:
03/12 update: Our AKAM play is not open yet. Neither the S&P 500 or AKAM opened higher. AKAM did see an early rally attempt but did not hit our alternate trigger at $37.60. Overall I don't see any big changes from my prior comments. I'm suggesting we try again.

Earlier Comments:
I am suggesting we open bullish positions in the morning if both the S&P 500 and AKAM open positive. However, if the above condition is not met then we'll use a trigger at $37.60 as our entry point instead. I am setting two targets, one at $39.75 and another at $41.50. FYI: The Point & Figure chart for AKAM is bullish with a long-term $66.00 target.

Do not enter position unless AKAM and the S&P 500 are both positive at the open
- or - use a trigger at $37.60 if the above condition is not met.

Suggested Position: buy AKAM stock @ (trigger)

- or -

buy the Apr $36 call (AKAM1217D36)

- or -

buy the May $40 call (AKAM1219E40)

03/12/12 not open yet. try again.

Entry on March xx at $ xx.xx
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 2.9 million
Listed on March 10, 2011


eBay Inc. - EBAY - close: 36.18 change: -0.07

Stop Loss: 34.75
Target(s): 39.50
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Comments:
03/12 update: EBAY did open higher but the S&P 500 did not. Shares of EBAY saw an early dip but the stock pared its losses by the closing bell. I am suggesting we try again. We want to open new bullish positions if both EBAY and the S&P 500 index open positive tomorrow. If this condition is not met then we'll use a trigger at $36.85 to open bullish positions instead.

Do not enter position unless EBAY and the S&P 500 are both positive at the open
- or - use a trigger at $36.85 if the above condition is not met.

Suggested Position: buy EBAY stock @ (the open)

- or -

buy the Apr $35 call (EBAY1221D35)

03/12/12 not open yet. try again. added a trigger at $36.85

Entry on March xx at $ xx.xx
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 10.6 million
Listed on March 10, 2011


The Hain Celestial Group - HAIN - close: 41.13 change: -0.16

Stop Loss: 39.75
Target(s): 44.75
Current Gain/Loss: + 0.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/12 update: It was a relatively quiet day for shares of HAIN. The stock trimmed its losses with a bounce in the last 30 minutes of trading. I am not suggesting new positions at this time. We can reconsider new trades on a breakout.

(small positions)

current Position: Long HAIN stock @ $40.85

03/05/12 new stop loss @ 39.75
03/03/12 new stop loss @ 39.45
02/29/12 triggered at $40.85
02/27/12 trade did not open. Adjusting entry strategy to buy HAIN at $40.85 with a stop loss at $38.95
02/25/12 trade did not open. Try again

Entry on February 29 at $40.85
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 430 thousand
Listed on February 23, 2011


Rite Aid Corp. - RAD - close: 1.86 change: +0.02

Stop Loss: 1.63
Target(s): 1.90
Current Gain/Loss: +12.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/12 update: RAD is still showing relative strength and hit new 52-week highs today at $1.88. Our exit target is $1.90 but more conservative traders may want to take profits now.

Small Positions

current Position: Long RAD stock @ $1.66

03/10/12 new stop loss @ 1.63
03/08/12 raise our exit target from $1.85 to $1.90

Entry on March 07 at $1.66
Earnings Date 04/12/12 (unconfirmed)
Average Daily Volume = 8.7 million
Listed on March 06, 2011


Charles Schwab - SCHW - close: 14.10 change: -0.03

Stop Loss: 13.40
Target(s): 14.50
Current Gain/Loss: + 6.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/12 update: The early morning rally attempt in SCHW didn't make it very far. Shares spent most of the day inside a 20-cent range. I would not be surprised to see another dip toward the 10-dma near $13.84.

I am not suggesting new positions at this time.

current Position: Long SCHW stock @ $13.25

- or -

Long Apr $13 call (SCHW1221D13) entry $0.59

03/10/12 new stop loss @ 13.40, adjust exit target to $14.50
03/08/12 new stop loss @ 13.20
03/03/12 new stop loss @ 12.90

Entry on February 27 at $13.25
Earnings Date 04/16/12 (unconfirmed)
Average Daily Volume = 15.9 million
Listed on February 25, 2011


The Toro Company - TTC - close: $69.09 change: +0.30

Stop Loss: 65.75
Target(s): 74.00
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Comments:
03/12 update: Shares of TTC gapped down at the open and then rebounded two days in a row. This means our trade is still not open yet. Nimble traders might want to consider trying to buy a dip near $68.00 or the rising 10-dma (near 67.80). I am suggesting we continue to wait and look for both TTC and the S&P 500 index to open positive before initiating a trade. FYI: The Point & Figure chart for TTC is bullish with a $79.00 target.

Do not enter position unless TTC and the S&P 500 are both positive at the open

Suggested Position: buy TTC stock @ (the open)

03/12/12 trade did not open. try again.
03/10/12 trade did not open. try again.
03/09/12 trade did not open. TTC opened lower and then bounced

Entry on March xx at $ xx.xx
Earnings Date 05/21/12 (unconfirmed)
Average Daily Volume = 330 thousand
Listed on March 08, 2011


United States Oil Fund (ETF) - USO - close: 40.70 change: -0.39

Stop Loss: 39.90
Target(s): 43.50
Current Gain/Loss: + 1.1%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/12 update: Commodities, including oil, traded lower on Monday in spite of a drop in the U.S. dollar. The USO gapped open lower at $40.56 and spent the rest of the day drifting sideways. I don't see any changes from my weekend comments.

Earlier Comments:
We do not want to use the USO for long-term positions. This ETF is constantly rolling over its futures positions over time, which can have a negative impact on the share price. FYI: The Point & Figure chart for USO is bullish with a long-term $58.00 target.

(small positions!)

current Position: Long the ETF @ $40.25

- or -

Long April $40 call (USO1221D40) Entry $2.10

03/01/12 new stop loss @ 39.90
02/29/12 new stop loss @ 39.75
02/25/12 new stop loss @ 39.40

Entry on February 21 at $40.25
Earnings Date --/--/--
Average Daily Volume = 8.8 million
Listed on February 18, 2011


BEARISH Play Updates

Halcon Resources - HK - close: 10.00 change: -0.08

Stop Loss: 10.70
Target(s): 8.00
Current Gain/Loss: unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Comments:
03/12 update: Shares of HK continue to hover near the $10.00 mark. I don't see any changes from my earlier comments.

Earlier Comments:
There is already relatively high short-interest so I am suggesting small positions. We will use a trigger to open bearish positions at $9.75 with a stop loss at $10.70. Our target is $8.00. More aggressive traders could target the 100-dma instead.

Trigger @ 9.75

Suggested Position: short HK stock @ 9.75

Entry on March xx at $ xx.xx
Earnings Date 03/05/12 (confirmed)
Average Daily Volume = 1.7 million
Listed on March 07, 2011


CLOSED BEARISH PLAYS

Arch Coal Inc. - ACI - close: 11.60 change: -0.48

Stop Loss: 12.35
Target(s): 10.10
Current Gain/Loss: + 4.0%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/12 update: ACI underperformed the market with a -3.9% plunge toward its recent lows. Unfortunately there was a very brief spike higher this morning and ACI hit $12.35. Hmm... we had just lowered our stop loss to $12.35.

Nimble traders may want to consider new bearish positions again if ACI trades under $11.55.

(Small positions)

closed Position: short ACI stock @ $12.87 , exit $12.35 (+4.0%)

- or -

Apr $12 PUT (ACI1221P12) Entry $0.49, exit $0.63 (+28.5%)

03/12/12 stopped out at $12.35
03/10/12 new stop loss @ 12.35
03/05/12 new stop loss @ 13.75

chart:

Entry on March 05 at $12.87
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 9.4 million
Listed on March 03, 2011


True Religion Apparel, Inc. - TRLG - close: 26.50 change: +0.28

Stop Loss: 26.55
Target(s): 22.25
Current Gain/Loss: - 4.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/12 update: The oversold bounce in TRLG continued on Monday. Shares managed to tag an intraday high of $26.55, which just happens to be our stop loss. Our trade is closed.

closed Position: short TRLG stock @ $25.48 exit $26.55 (-4.2%)

- or -

Apr $25 PUT (TRLG1221P25) Entry $1.30 exit $0.75 (-42.3%)

03/12/12 stopped out at $26.55

chart:

Entry on March 08 at $25.48
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 924 thousand
Listed on March 07, 2011