Editor's Note:
Most of the market consolidated lower on Tuesday but energy underperformed. Our PETD trade reversed lower. Overall it was a relatively quiet session.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 36.75 change: -0.29

Stop Loss: 34.95
Target(s): 39.75 & 41.50
Current Gain/Loss: - 0.1%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/20 update: AKAM is still consolidating lower with a -0.7% decline. I have been warning readers that AKAM could be headed for a test of support near its rising 50-dma (currently near $35.00). More aggressive traders may want to put their stop under the March low near $34.70.

current Position: Long AKAM stock @ $36.82

- or -

Long Apr $36 call (AKAM1217D36) entry $1.92

- or -

Long May $40 call (AKAM1219E40) entry $1.39

03/15/12 new stop loss @ 34.95
03/13/12 trade opened this morning
03/12/12 not open yet. try again.

Entry on March 13 at $36.82
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 2.9 million
Listed on March 10, 2011


Abercrombie & Fitch - ANF - close: 52.89 change: +0.76

Stop Loss: 49.75
Target(s): 56.50
Current Gain/Loss: + 1.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/20 update: ANF is showing some relative strength today with a +1.4% gain. Traders bought the dip at its rising 10-dma this morning. Yesterday's update suggested a new entry point at the 10-dma.

Earlier Comments:
We want to keep our position size small to limit our risk. There is potential resistance at the top of the November gap near $55.00. Plus the exponential 200-dma (near $54.40) and the simple 150-dma (near 55.15) could both be technical resistance. Our exit target is $56.50. FYI: The Point & Figure chart for ANF is bullish with a $69.00 target.

current Position: Long ANF stock @ $52.05

- or -

Long Apr $52.50 call (ANF1221D52.5) Entry $2.25

Entry on March 14 at $52.05
Earnings Date 05/16/12 (unconfirmed)
Average Daily Volume = 3.2 million
Listed on March 13, 2011


Broadcom Corp. - BRCM - close: 38.39 change: -0.39

Stop Loss: 36.45
Target(s): 44.00
Current Gain/Loss: - 0.9%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/20 update: A little profit taking in BRCM pushed the stock back toward $38.00 before it rebounded. I would buy this bounce or you could wait for shares to rally past $38.60, which was intraday resistance today.

Earlier Comments:
If triggered our multi-week target is $44.00. The rise past $39.00 has created a brand new Point & Figure chart triple top breakout buy signal that is currently forecasting at $50 target.

current Position: Long BRCM stock @ $38.75

- or -

Long May $40 call (BRCM1219E40) Entry $1.52

Entry on March 19 at $38.75
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 8.8 million
Listed on March 17, 2011


eBay Inc. - EBAY - close: 37.39 change: -0.40

Stop Loss: 34.75
Target(s): 39.50
Current Gain/Loss: + 3.0%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/20 update: EBAY gave up about -1.0% in profit taking. The stock should find some short-term technical support at its 10 or 20-dma. I am not suggesting new positions at this time.

I am leaving our stop loss at $34.75 for now but more conservative traders may want to adjust their stop closer to the $36.00 area.

current Position: Long EBAY stock @ $36.29

- or -

Long Apr $35 call (EBAY1221D35) entry $2.02

03/13/12 trade opened this morning
03/12/12 not open yet. try again. added a trigger at $36.85

Entry on March 13 at $36.29
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 10.6 million
Listed on March 10, 2011


The Hain Celestial Group - HAIN - close: 43.12 change: -0.56

Stop Loss: 41.40
Target(s): 44.75
Current Gain/Loss: + 5.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/20 update: After surging to new highs yesterday HAIN gave back -1.2% today. More conservative traders may want to go ahead and take profits now. I am not suggesting new positions at this time.

(small positions)

current Position: Long HAIN stock @ $40.85

03/19/12 new stop loss @ 41.40
03/17/12 new stop loss @ 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


Level 3 Communications - LVLT - close: 27.38 change: -0.15

Stop Loss: 24.70
Target(s): 29.00
Current Gain/Loss: + 4.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/20 update: LVLT dipped to $26.62 before bouncing back to a -0.5% decline. More conservative traders may want to take profits early because if the market dips LVLT nearest support is probably the $26.00 or $25.00 levels. I am not suggesting new positions at this time.

Earlier Comments:
The stock could see a short squeeze. The most recent data listed short interest at 26% of the 153 million-share float. FYI: The Point & Figure chart for LVLT is bullish with a long-term $41.50 target.

current Position: Long LVLT stock @ $26.17

- or -

Long Apr $25 call (LVLT1221D25) Entry $2.30

03/15/12 new stop loss @ 24.70, adjust exit target to $29.00
03/15/12 trade opened on LVLT's gap higher at $26.17, which is above our trigger to open positions at $25.25.

Entry on March 15 at $26.17
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 2.4 million
Listed on March 14, 2011


NXP Semiconductors - NXPI - close: 26.33 change: +0.06

Stop Loss: 25.35
Target(s): 29.75
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Comments:
03/20 update: NXPI saw a pullback of -1.7% but shares remain inside its recent trading range. We are waiting for a breakout higher.

I am suggesting a trigger to open small bullish positions at $26.50. If triggered we'll use a stop loss at $25.35. Our upside target is $29.75. FYI: The Point & Figure chart for NXPI is bullish with a $45.00 target.

Trigger @ 26.50 (small positions)

Suggested Position: buy NXPI stock @ (trigger)

- or -

buy the Apr $25 call (NXPI1221D25)

Entry on March xx at $ xx.xx
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 1.6 million
Listed on March 19, 2011


Petroleum Development - PETD - close: 38.84 change: -1.42

Stop Loss: 37.40
Target(s): 44.75
Current Gain/Loss: - 3.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/20 update: Ouch! Oil and energy stocks were underperformers today. PETD gave up -3.5%. Shares look like they are headed for support in the $38.00-37.50 zone. I'd wait for a bounce before launching new positions.

Our target is $44.75. More aggressive traders could aim higher. The Point & Figure chart for PETD is bullish with a $50.00 target.

Current Position: Long PETD stock @ $40.25

- or -

Long Apr $40 call (PETD1221D40) Entry $2.00

03/19/12 triggered at $40.25

Entry on March 19 at $40.25
Earnings Date 05/10/12 (unconfirmed)
Average Daily Volume = 488 thousand
Listed on March 17, 2011


Sturm, Ruger & Co. - RGR - close: 42.66 change: -0.93

Stop Loss: 41.75
Target(s): 48.50
Current Gain/Loss: - 3.1%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/20 update: Hmm... RGR underperformed again. It seems shares still have not managed to breakout from this choppy sideways consolidation. Another down day like today and RGR will hit our stop loss at $41.75. I am not suggesting new positions at this time.

Earlier Comments:
Our multi-week target is $48.50 but that means RGR has to get past its recent all-time high at $46.68. FYI: The Point & Figure chart for RGR is bullish with a $52.00 target.

current Position: Long RGR stock @ $44.05

- or -

Long Apr $45 call (RGR1221D45) Entry $1.45

03/16/12 triggered at $44.05

Entry on March 16 at $44.05
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 319 thousand
Listed on March 15, 2011


Stamps.com Inc. - STMP - close: 27.23 change: -0.57

Stop Loss: 25.95
Target(s): 32.50
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
03/20 update: Shares of STMP continue to chop sideways in a small pennant shaped formation of lower highs and higher lows. We are still waiting for STMP to hit our bullish trigger at $28.25. More conservative trades may want to wait for STMP to trade over its 5-dma near $28.60 before initiating positions instead. If the rally does continue we could see STMP accelerate due to short covering. The most recent data listed short interest at almost 16% of the very small 13.2 million share float.

If we are triggered at $28.25 we'll use a stop loss under Wednesday's low. Our target is $32.50. This is a volatile stock. I am suggesting we keep our position size small to limit our risk.

Trigger @ $28.25 (small positions)

Suggested Position: buy STMP stock @ (trigger)

- or -

buy the Apr $30 call (STMP1221D30)

Entry on March xx at $ xx.xx
Earnings Date 04/30/12 (unconfirmed)
Average Daily Volume = 508 thousand
Listed on March 15, 2011


Tenaris S.A. - TS - close: 42.13 change: +0.13

Stop Loss: 39.75
Target(s): 47.00
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
03/20 update: TS really underperformed today with a gap down near $41.00 and a drop to a -3.8% decline. TS should have some short-term support near $40 and its rising 50-dma. Our trigger to open small bullish positions is at $42.50. If TS does not recover from this dip soon we will likely drop it as a bullish candidate.

Trigger @ $42.50 (small positions)

Suggested Position: buy TS stock @ (trigger)

- or -

buy the Apr $45 call (TS1221D45) current ask $0.50

Entry on March xx at $ xx.xx
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 2.0 million
Listed on March 19, 2011


The Toro Company - TTC - close: $71.11 change: +0.17

Stop Loss: 67.40
Target(s): 74.00
Current Gain/Loss: + 2.5%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/20 update: Traders bought the dip at TTC tagged short-term support near its rising 10-dma and the $70.00 level. Readers could use this bounce as a new bullish entry point. I am raising our stop loss to $67.40. More conservative traders may want to use a tighter stop.

Our target is $74.00. FYI: The Point & Figure chart for TTC is bullish with a $79.00 target.

current Position: Long TTC stock @ $69.32

03/20/12 new stop loss @ 67.40
03/15/12 new stop loss @ 66.40
03/13/12 Our TTC trade has been opened.
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 13 at $69.32
Earnings Date 05/21/12 (unconfirmed)
Average Daily Volume = 330 thousand
Listed on March 08, 2011


Wyndham Worldwide - WYN - close: 45.03 change: -0.36

Stop Loss: 43.75
Target(s): 49.50
Current Gain/Loss: - 0.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/20 update: WYN is still slowly consolidating lower. Readers may want to wait for a rebound back above $45.40 before considering new bullish positions.

Our multi-week target is $49.50. FYI: The Point & Figure chart for WYN is bullish with a long-term $82.00 target.

current Position: Long WYN stock @ $45.25

- or -

Long Apr $45 call (WYN1221D45) Entry $1.65

03/13/12 new stop loss @ 43.75
03/13/12 trade triggered at $45.25

Entry on March 13 at $45.25
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 1.7 million
Listed on March 12, 2011


BEARISH Play Updates

Greenbrier Companies - GBX - close: 22.13 change: -0.36

Stop Loss: 23.25
Target(s): 18.50
Current Gain/Loss: - 2.9%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/20 update: GBX underperformed the market with a -1.6% decline. I am still tempted to launch new bearish positions at current levels.

Earlier Comments:
Traders should be aware that the $20.00 level, with the 200-dma, could be short-term support but we are aiming for a drop to $18.50.

current Position: short GBX stock @ $21.50

03/17/12 Friday's intraday pullback from $23.00 can be used as a new bearish entry point.
03/14/12 triggered at $21.50
03/13/12 removed the April $22.50 put as a suggested trade due to a ridiculously wide spread.

Entry on March 14 at $21.50
Earnings Date 04/09/12 (unconfirmed)
Average Daily Volume = 468 thousand
Listed on March 12, 2011


Halcon Resources - HK - close: 10.45 change: -0.03

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

Comments:
03/20 update: HK spent the day moving sideways. I don't see any changes from my prior comments.

Earlier Comments:
There is already relatively high short-interest (31%) 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 (small positions)

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