Editor's Note:
Most of the market managed to rebound off their intraday lows. We are taking a moment to update some stop losses tonight.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 36.92 change: +0.04

Stop Loss: 35.40
Target(s): 39.75 & 41.50
Current Gain/Loss: + 0.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/29 update: AKAM found support again in the $36.25-36.00 area. This is close enough to the bottom of its bullish channel that traders could buy this bounce. r you could wait for a breakout pat $38.00. I am raising our stop loss up to $35.40.

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

03/29/12 new stop loss @ 35.40
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: 28.96 change: -0.01

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

Comments:
03/29 update: It was a very quiet day for ANN. Shares almost closed unchanged on the session. 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: 38.56 change: +0.28

Stop Loss: 37.60
Target(s): 44.00
Current Gain/Loss: - 0.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: Traders bought the dip near $37.60 for the third time in the last two weeks. Today's intraday low was actually $37.64. We do have a stop loss at $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: 12.76 change: +0.10

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

Comments:
03/29 update: CKSW bounced off the bottom of its $12.00-13.00 trading range and closed up +0.7%. We are waiting for a breakout past resistance.

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: 36.99 change: -0.26

Stop Loss: 36.65
Target(s): 39.50
Current Gain/Loss: + 2.6%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/29 update: EBAY is flirting with a breakdown from its $37-38 trading range. The intraday low was $36.71. We are turning more defensive here and raising the stop loss to $36.65. 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

03/29/12 new stop loss @ 36.65
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: 26.44 change: +0.18

Stop Loss: 24.70
Target(s): 29.00
Current Gain/Loss: + 1.0%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/29 update: LVLT rallied off its morning lows to close up +0.6%. Yet shares are still trading with a short-term bearish trend of lower highs. 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: 44.67 change: -0.62

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: - 2.8%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/29 update: Profit taking in NTAP has pushed the stock back down toward prior resistance and what should be support near $44.00. NTAP hit $44.15 before trimming its losses. I would wait for a rally back above $45.00 before considering new positions.

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: 26.61 change: -0.28

Stop Loss: 25.35
Target(s): 29.75
Current Gain/Loss: + 0.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/29 update: NXPI dipped to $25.68 intraday. I would wait for NXPI to rally past $27.00 again before considering new bullish positions. 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: 21.84 change: -0.80

Stop Loss: 21.40
Target(s): 24.90
Current Gain/Loss: - 3.5%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/29 update: Uh-oh! Broken resistance near $22.00 should have been support. Instead RDEA fell to $21.57 and bounced near its simple 300-dma instead. If the correction lower continues we could see RDEA hit our stop loss at $21.40 soon. I am not suggesting new positions at this time.
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: 43.95 change: -0.07

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

Comments:
03/29 update: Our STJ trade is still not open yet. The stock gapped down at the open this morning. I want to see some follow through on today's intraday bounce. We will adjust our entry point strategy to launch positions if STJ can trade at $44.25 or higher. FYI: The Point & Figure chart for STJ is bullish with a $66.00 target.

Trigger @ 44.25

Suggested Position: buy STJ stock @ (open)

- or -

buy the May $45 call (STJ1219E45)

03/29/12 new entry point: trigger @ 44.25
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: 28.16 change: -0.20

Stop Loss: 26.49
Target(s): 32.50
Current Gain/Loss: - 0.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: STMP dipped to $27.00 and its 20-dma before bouncing back and paring today's losses to -20 cents. At this point I would wait for a rally past $29.25 before considering new bullish positions. We are raising our stop loss up to $26.49.

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

03/29/12 new stop loss @ 26.49
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: 39.22 change: -0.26

Stop Loss: 37.95
Target(s): 41.50
Current Gain/Loss: + 1.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: TJX is hovering near short-term support at the $39.00 level. I don't see any changes from my prior comment except that we're raising the stop loss to $37.95. More conservative traders may want to take profits on a spike near $40.00. I am not suggesting new positions at this time.

current Position: Long TJX stock @ $38.60

- or -

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

03/29/12 new stop loss @ 37.95
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: $71.34 change: +0.08

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

Comments:
03/29 update: TTC recovered off its intraday lows and eked into positive territory by the closing bell. 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: 21.18 change: -0.13

Stop Loss: 20.30
Target(s): 23.50
Current Gain/Loss: - 0.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: WBSN spent Thursday hovering above short-term support at the $21.00 level. A bounce off $21.00 and its 10-dma could be considered a new entry point. We are raising the stop loss to $20.30. More conservative traders may want to tighten theirs even further. FYI: The Point & Figure chart for WBSN is bullish with a $26.00 target.

current Position: buy WBSN stock @ $21.24

03/29/12 new stop loss @ 20.30
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: 45.12 change: -0.39

Stop Loss: 44.30
Target(s): 49.50
Current Gain/Loss: - 0.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: WYN bounced off its simple 30-dma again but shares still settled with a -0.8% decline. We are turning more cautious here and will raise the stop loss up to $44.30. I am not suggesting new positions at this time.

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

03/29/12 new stop loss @ 44.30
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


Zumiez, Inc. - ZUMZ - close: 36.35 change: -0.69

Stop Loss: 35.75
Target(s): 39.75
Current Gain/Loss: - 0.5%
Time Frame: 2 to 4 weeks
New Positions: see below

Comments:
03/29 update: ZUMZ saw a small spike down at the open but shares held above short-term support in the $36.20-36.00 zone. I would still consider new positions here if the S&P 500 index opens positive tomorrow. Otherwise you could wait for a new relative high above $37.35 as an entry point.

(small positions)

current Position: Long ZUMZ stock @ $36.56

- or -

Long Apr $40 call (ZUMZ1221D40) Entry $0.45

Entry on March 29 at $36.56
Earnings Date 05/17/12 (unconfirmed)
Average Daily Volume = 472 thousand
Listed on March 28, 2011


BEARISH Play Updates

Greenbrier Companies - GBX - close: 19.91 change: -0.22

Stop Loss: 22.05
Target(s): 18.50
Current Gain/Loss: + 7.4%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/29 update: GBX has closed under support at $20.00 and its simple 200-dma for the first time in months. More conservative traders may want to take profits now. We are aiming for $18.50. 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