Editor's Note:
As expected shares of RGR soared today. Meanwhile oil and energy stocks continue to underperform. Our PETD trade was stopped out. Our new CHKR trade was opened and closed early this morning when it hit our exit target.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 36.46 change: -0.48

Stop Loss: 34.95
Target(s): 39.75 & 41.50
Current Gain/Loss: - 0.9%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/22 update: AKAM is still consolidating sideways. Readers may want to watch for a dip or a bounce near the 40-dma or 50-dma before considering new bullish positions. 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: 51.97 change: -0.34

Stop Loss: 49.75
Target(s): 56.50
Current Gain/Loss: - 0.1%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/22 update: ANF spent the day churning sideways but I suspect shares will test support near $50.00 if the market continues to sink. Wait for a dip or a bounce near $50 before considering new bullish positions.

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: 38.09 change: -0.53

Stop Loss: 36.45
Target(s): 44.00
Current Gain/Loss: - 1.7%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/22 update: Profit taking in BRCM pushed the stock down toward its rising 10-dma but it didn't quite make it before paring its losses. If shares close under $38.00 we could see the stock drop toward its rising 50-dma. With the current market decline I am not suggesting new positions at this time.

Earlier Comments:
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: 37.62 change: +0.20

Stop Loss: 34.75
Target(s): 39.50
Current Gain/Loss: + 3.6%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/22 update: EBAY is still consolidating sideways inside the $37-38 range. Shares did outperform the major indices with a +0.5% bounce. 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: 42.74 change: -0.21

Stop Loss: 41.40
Target(s): 44.75
Current Gain/Loss: + 4.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/22 update: Yesterday I warned readers that HAIN could fall toward the $42 level if the market continues to sink. Today the stock traded under its simple 10-dma before paring its losses. 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: 26.63 change: -0.73

Stop Loss: 24.70
Target(s): 29.00
Current Gain/Loss: + 1.7%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/22 update: Profit taking in LVLT shaved off -2.6%. With shares closing near their low for the session the pullback probably isn't over yet. I don't see any changes from my prior comments. 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: 26.27 change: +0.22

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

Comments:
03/22 update: NXPI displayed some relative strength today. Traders bought the dip off its morning lows near $25.40. NXPI bounced back toward the top of its current 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


Sturm, Ruger & Co. - RGR - close: 47.93 change: +5.63

Stop Loss: 43.75
Target(s): 49.50
Current Gain/Loss: + 8.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/22 update: As expected shares of RGR surged on yesterday's news for strong order demand. The stock opened at $46.20 and hit $48.24 intraday. RGR settled with a +13.3% gain. More conservative traders may want to exit early right now to lock in a gain. I am not suggesting new positions at this time. Please note our new stop loss at $43.75.

current Position: Long RGR stock @ $44.05

- or -

Long Apr $45 call (RGR1221D45) Entry $1.45

03/22/12 new stop loss @ 43.75
03/21/12 Adjust exit target from $48.50 to $49.50 on news that there is so much demand RGR has stopped accepting new orders.
03/16/12 triggered at $44.05

Entry on March 16 at $44.05
Earnings Date 05/01/12 (confirmed)
Average Daily Volume = 319 thousand
Listed on March 15, 2011


Stamps.com Inc. - STMP - close: 28.36 change: +0.10

Stop Loss: 25.95
Target(s): 32.50
Current Gain/Loss: + 0.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/22 update: STMP traded sideways most of the session but still managed to eke out a gain by the closing bell. I don't see any changes from my prior comments.

Earlier Comments:
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.

This is a volatile stock. I am suggesting we keep our position size small to limit our risk.

(small positions)

Current Position: Long STMP stock @ $28.25

- or -

Long Apr $30 call (STMP1221D30) Entry $0.85

03/21/12 STMP hit our entry trigger at $28.25

Entry on March 21 at $28.25
Earnings Date 04/30/12 (unconfirmed)
Average Daily Volume = 508 thousand
Listed on March 15, 2011


TJX Companies - TJX - close: 38.90 change: -0.01

Stop Loss: 37.40
Target(s): 41.50
Current Gain/Loss: + 0.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/22 update: TJX recovered from its morning lows to bounce back to almost unchanged on the session. The trend is up and TJX still looks strong but I would hesitate to launch new positions given the market's recent weakness. The $40.00 level could offer some short-term resistance but we will set our first target at $41.50.

current Position: Long TJX stock @ $38.60

- or -

Long Apr $37.50 call (TJX1221D37.5) Entry $1.60

03/21/12 TJX hit our entry trigger at $38.60

Entry on March 21 at $38.60
Earnings Date 05/15/12 (unconfirmed)
Average Daily Volume = 4.6 million
Listed on March 20, 2011


The Toro Company - TTC - close: $71.04 change: -0.18

Stop Loss: 67.40
Target(s): 74.75
Current Gain/Loss: + 2.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/22 update: TTC tested short-term support near $70.00 again before bouncing back and trimming its losses for the session. A rally past $71.50 could be a new entry point. Please note that I am adjusting our exit target to $74.75. More conservative traders may want to use a tighter stop.

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

current Position: Long TTC stock @ $69.32

03/22/12 adjust exit target to $74.75
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: 44.68 change: -0.41

Stop Loss: 43.75
Target(s): 49.50
Current Gain/Loss: - 1.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/22 update: WYN is still correcting lower. Shares can't seem to pull up from this dive with the major indices sinking as well. The stock should find some support near $44.00. If not we'll see WYN hit our stop loss at $43.75. 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: 21.07 change: -1.09

Stop Loss: 23.25
Target(s): 18.50
Current Gain/Loss: + 2.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/22 update: GBX is finally starting to work its way lower. The stock underperformed today with a -4.9% decline. Plus the stock has closed below technical support at its exponential 200-dma. Don't forget that the $20 level could be support.

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: 10.57 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:
03/22 update: HK did not see any follow through on yesterday's bounce but shares didn't decline very far either as traders bought the morning dip. If HK does not show additional weakness tomorrow we will likely drop this stock as a candidate in the weekend newsletter.

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


CLOSED BULLISH PLAYS

Petroleum Development - PETD - close: 36.88 change: -1.77

Stop Loss: 37.40
Target(s): 44.75
Current Gain/Loss: - 7.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/22 update: The oil and energy stocks are getting hammered today. PETD underperformed its peers with a -4.5% decline. Our stop loss was hit at $37.40. If shares closed here for the week it would create a bearish engulfing candlestick reversal pattern on the weekly chart.

closed Position: Long PETD stock @ $40.25 exit $37.40 (-7.0%)

- or -

Apr $40 call (PETD1221D40) Entry $2.00 exit $1.00 (-50.0%)

03/22/12 stopped out at $37.40
03/19/12 triggered at $40.25

chart:

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


CLOSED BEARISH PLAYS

Chesapeake Granite Wash Trust - CHKR - close: 27.41 change: -0.75

Stop Loss: 28.70
Target(s): 25.25
Current Gain/Loss: + 7.3%
Time Frame: 1 to 3 weeks
New Positions: see below

Comments:
03/22 update: The speed of CHKR's drop was unexpected. Shares gapped open lower at $27.25, spike down to $25.07, and then rebounded but shares still closed with a -5.8% decline. Our exit target has already been hit at $25.25.

(small positions)

closed Position: short CHKR @ $27.25, exit 25.25 (+7.3%)

03/22/12 Trade opened and closed on the same drop.

chart:

Entry on March 22 at $27.25
Earnings Date --/--/-- (unconfirmed)
Average Daily Volume = 322 thousand
Listed on March 21, 2011