Editor's Note:
Shares of the Hain Celestial Group (HAIN) hit our bullish target today. Meanwhile ANF continues to underperform and hit our stop loss.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 36.88 change: -0.80

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:
03/28 update: Hmm... I am starting to wonder if we should exit our AKAM early. It is struggling to maintain any momentum. The larger trend is still higher and AKAM should still have support near $36.00 and its 50-dma near $35.50. I am not suggesting new positions at this time.

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


ANN Inc. - ANN - close: 28.97 change: -0.41

Stop Loss: 27.90
Target(s): 31.75
Current Gain/Loss: + 0.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/28 update: ANN almost filled the gap today with a drop to $28.71 intraday. Unfortunately what concerns me is today's bearish engulfing candlestick reversal pattern. I am raising our stop loss up to $27.90. I am not suggesting new positions at this time.

current Position: Long ANN stock @ 29.25

- or -

Long May $30 call (ANN1219E30) current ask $1.05

03/28/12 new stop loss @ 27.90
03/26/12 ANN gapped open above our trigger (28.75). Trade opened this morning at $28.89

Entry on March 26 at $28.89
Earnings Date 05/18/12 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on March 24, 2011


Broadcom Corp. - BRCM - close: 38.28 change: -0.67

Stop Loss: 37.60
Target(s): 44.00
Current Gain/Loss: - 1.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/28 update: Uh-oh! I have to warn you that the trading in BRCM the last two days doesn't look so hot. Yesterday the stock saw a sharp intraday reversal lower. Today shares underperformed with a -1.7% decline. BRCM appears to be forming a bearish reversal. I am raising our stop loss up to $37.60. 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

03/28/12 new stop loss @ 37.60, BRCM could be forming a bearish reversal.

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


ClickSoftware Tech. - CKSW - close: 12.72 change: -0.06

Stop Loss: 12.40
Target(s): 14.90
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
03/28 update: CKSW is still trading sideways in the $12.50-13.00 range. We are waiting for a breakout higher.

I am suggesting a trigger to open small bullish positions at $13.15. We will try and limit our risk with a stop at $12.40. Our target is $14.90. More aggressive traders may want to aim higher. FYI: The Point & Figure chart for CKSW is bullish with a $19.25 target.

Trigger @ 13.15

Suggested Position: buy CKSW stock @ (trigger)

- or -

buy the May $12.50 call (CKSW1219e12.5)

Entry on March xx at $ xx.xx
Earnings Date 04/28/12 (unconfirmed)
Average Daily Volume = 184 thousand
Listed on March 26, 2011


eBay Inc. - EBAY - close: 37.25 change: -0.63

Stop Loss: 35.75
Target(s): 39.50
Current Gain/Loss: + 2.6%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/28 update: As expected shares of EBAY dipped toward the bottom of its trading range near $37.00. More conservative traders may want to raise their stop loss closer to the $37.00 level. I am not suggesting new positions at this time.

current Position: Long EBAY stock @ $36.29

- or -

Long Apr $35 call (EBAY1221D35) entry $2.02

03/26/12 new stop loss @ 35.75
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


Level 3 Communications - LVLT - close: 26.26 change: -0.11

Stop Loss: 24.70
Target(s): 29.00
Current Gain/Loss: + 0.3%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/28 update: LVLT bounced off its morning lows but still posted a -0.4% decline. I don't see any changes from yesterday's update. More conservative traders may want to exit early or raise their stop loss. If the market continues to dip I am expecting LVLT to pull back toward the $25.25-25.00 area.

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

03/26/12 today's bounce off the 10-dma could be a new entry point
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


NetApp, Inc. - NTAP - close: 45.29 change: -0.77

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: - 1.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/28 update: NTAP is providing us a new buy-the-dip entry point with today's dip toward its 10-dma.

Our short-term target is $49.75. More aggressive traders may want to aim higher. The Point & Figure chart for NTAP is bullish with a $65.00 target.

current Position: Long NTAP stock @ $45.97

- or -

Long Apr $45 call (NTAP1221D45) Entry $2.05

Entry on March 26 at $45.97
Earnings Date 05/23/12 (unconfirmed)
Average Daily Volume = 5.8 million
Listed on March 24, 2011


NXP Semiconductors - NXPI - close: 26.89 change: -0.02

Stop Loss: 25.35
Target(s): 29.75
Current Gain/Loss: + 1.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/28 update: NXPI also dipped toward its simple 10-dma and bounced. If shares rally past $27.00 again it could be used as a new bullish entry point. FYI: The Point & Figure chart for NXPI is bullish with a $45.00 target.

(small positions)

current Position: Long NXPI stock @ $26.50

- or -

Long Apr $25 call (NXPI1221D25) Entry $2.25

03/23/12 NXPI hit our trigger for small positions at $26.50

Entry on March 23 at $26.50
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 1.6 million
Listed on March 19, 2011


Ardea Biosciences - RDEA - close: 23.01 change: -0.04

Stop Loss: 21.40
Target(s): 24.90
Current Gain/Loss: - 0.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/28 update: RDEA hit some profit taking today and gave up -1.6%. I cautioned readers yesterday that RDEA was ready to dip toward $22.00. A bounce near $22 can be used as a new entry point.
FYI: The Point & Figure chart for RDEA is bullish with a long-term $31.50 target.

current Position: Long RDEA stock @ $22.65

03/23/12 RDEA hit our entry trigger @ 22.65

Entry on March 23 at $22.65
Earnings Date 03/09/12
Average Daily Volume = 307 thousand
Listed on March 22, 2011


St. Jude Medical - STJ - close:

Stop Loss: 42.95
Target(s): 48.50
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
03/28 update: Our new play on STJ is not open yet. Shares dipped toward their 300d-ma and bounced. I am suggesting we try again.

Launch bullish positions at the open tomorrow but only if both STJ and the S&P 500 index open positive. We'll use a stop loss at $42.95. Our multi-week target is $48.50. FYI: The Point & Figure chart for STJ is bullish with a $66.00 target.

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

Suggested Position: buy STJ stock @ (open)

- or -

buy the May $45 call (STJ1219E45)

03/28/12 not open yet. try again.

Entry on March xx at $ xx.xx
Earnings Date 04/18/12 (unconfirmed)
Average Daily Volume = 3.0 million
Listed on March 27, 2011


Stamps.com Inc. - STMP - close: 28.36 change: +0.23

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

Comments:
03/28 update: STMP rallied off its intraday low to close in up +0.8%. Yet shares remain under technical resistance at the 50-dma.

Earlier Comments:
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: 39.48 change: -0.05

Stop Loss: 37.40
Target(s): 41.50
Current Gain/Loss: + 2.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/28 update: Traders bought the dip in TJX near prior resistance at $39.00 and the stock look poised to make a run at $40.00 tomorrow. More conservative traders may want to take profits early near the $40.00 mark since $40 could prove to be round-number, psychological resistance.

current Position: Long TJX stock @ $38.60

- or -

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

03/26/12 conservative traders may want to take profits near the $40.00 mark
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: $71.48 change: +0.14

Stop Loss: 69.40
Target(s): 74.75
Current Gain/Loss: + 2.9%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/28 update: TTC rallied off its intraday lows and closed in positive territory. Readers may want to wait for TTC to breakout past $72.00 before initiating new positions.

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

current Position: Long TTC stock @ $69.32

03/27/12 new stop loss @ 69.40
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


Websense, Inc. - WBSN - close: 21.31 change: -0.11

Stop Loss: 19.85
Target(s): 23.50
Current Gain/Loss: + 0.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/28 update: WBSN found new short-term support at prior resistance near $21.00. Our target is $23.50. The Point & Figure chart for WBSN is bullish with a $26.00 target.

current Position: buy WBSN stock @ $21.24

03/26/12 Trade opened on WBSN's gap higher at $21.24. This is above our trigger of $21.15.

Entry on March 26 at $21.24
Earnings Date 04/24/12 (unconfirmed)
Average Daily Volume = 388 thousand
Listed on March 22, 2011


Wyndham Worldwide - WYN - close: 45.51 change: -0.05

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

Comments:
03/28 update: Given a few more minutes and WYN probably would have closed in positive territory. The stock was bouncing sharply off its midday lows. If both WYN and the S&P 500 open positive tomorrow we can use it as a new bullish entry point.

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: 20.13 change: -0.72

Stop Loss: 22.05
Target(s): 18.50
Current Gain/Loss: + 6.4%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/28 update: Once again readers may want to take profits right here with GBX near support at the $20 level. Shares actually traded under $20.00 and its 200-dma on an intraday basis. I am lowering our stop loss down to $22.05. I am not suggesting new positions at this time.

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

03/28/12 new stop loss @ 22.05, readers may want to take profits now
03/26/12 new stop loss @ 22.55
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


CLOSED BULLISH PLAYS

Abercrombie & Fitch - ANF - close: 49.54 change: -1.58

Stop Loss: 49.75
Target(s): 56.50
Current Gain/Loss: - 4.4%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/28 update: We have been concerned about ANF the last few days. ANF validated that concern today with a -3.0% plunge and a breakdown under support near $50.00. Our stop loss was hit at $49.75.

Earlier Comments:
We want to keep our position size small to limit our risk.

closed Position: Long ANF stock @ $52.05 exit $49.75 (-4.4%)

- or -

Apr $52.50 call (ANF1221D52.5) Entry $2.25 exit $0.92 (-59.1%)

03/28/12 stopped out at $49.75
03/26/12 warning! ANF did not participate in the rally today

chart:

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


The Hain Celestial Group - HAIN - close: 44.33 change: +0.06

Stop Loss: 41.40
Target(s): 44.75
Current Gain/Loss: + 9.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/28 update: Target hit. HAIN rallied to $44.82 this morning before nearly giving up all of its gains today. Our exit target was hit at $44.75.

(small positions)

closed Position: Long HAIN stock @ $40.85 exit $44.75 (+9.5%)

03/28/12 exit target hit
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

chart:

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