Editor's Note:
The semiconductor sector underperformed with the SOX index falling -1.5%. NXPI is a semi stock and shares hit our stop loss today.

Our new trade on HAIN was triggered.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 36.38 change: -0.35

Stop Loss: 35.40
Target(s): 39.75 & 41.50
Current Gain/Loss: - 1.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
04/03 update: AKAM drifted closer to support near $36.00 and its 50-dma. I don't see any changes from my prior comments. We remain cautious here. More conservative traders might want to tighten their stop loss closer to the 50-dma. Nimble traders could buy dips or bounces near $36.00 or the 50-dma.

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: 28.91 change: +0.13

Stop Loss: 27.90
Target(s): 31.75
Current Gain/Loss: + 0.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
04/03 update: ANN continued to bounce but shares trimmed their gains in the last couple of hours. The stock appears to be stuck in this potential bull-flag consolidation pattern. 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


BMC Software Inc. - BMC - close: 40.78 change: +0.07

Stop Loss: 39.30
Target(s): 44.00
Current Gain/Loss: + 0.3%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
04/03 update: Traders bought the dip in BMC this morning and the trend of higher lows continues. We can use this move today as a new entry point while more nimble traders could try and buy a dip closer to the $40.00 mark.

Our multi-week target is $44.00. We'll have to keep a wary eye on potential resistance at the 300-dma (currently 43.30). FYI: The Point & Figure chart for BMC is bullish with a $57 target.

Suggested Position: Long BMC stock @ 40.55

- or -

Long May $40 call (BMC1219E40) Entry $2.20

04/02/12 triggered at $40.55

Entry on April 02 at $40.55
Earnings Date 05/02/12 (unconfirmed)
Average Daily Volume = 2.0 million
Listed on March 29, 2011


Broadcom Corp. - BRCM - close: 38.21 change: -0.68

Stop Loss: 37.60
Target(s): 44.00
Current Gain/Loss: - 1.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
04/03 update: Volume was just a little below average but BRCM saw steady selling pressure all day long. I am cautious here and we're 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

03/31/12 BRCM set a new multi-month closing high above $39.00
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: 12.96 change: +0.52

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

Comments:
04/03 update: CKSW displayed some relative strength with a +4.1% gain. The move was essentially a bounce from the bottom to the top of its $12.00-13.00 trading range.

Currently 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


Hain Celestial Group - HAIN - close: 44.76 change: +0.95

Stop Loss: 42.75
Target(s): 49.00
Current Gain/Loss: + 1.0%
Time Frame: up to its early May earnings report
New Positions: see below

Comments:
04/03 update: Our new trade on HAIN is off to a strong start. Shares hit our trigger for bullish positions at $45.05. The stock hit a new record high at $46.50 intraday. More conservative traders may want to raise their stop loss.

Earlier Comments:
Our target is $49.00 but we plan to exit prior to the early May earnings report. FYI: The Point & Figure chart for HAIN is bullish with a $59.00 target.

current Position: long HAIN stock @ $45.05

- or -

Long May$45 call (HAIN1219E45) Entry $1.85

04/03/12 trigger @ 45.05

Entry on April 03 at $45.05
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 279 thousand
Listed on April 02, 2011


Level 3 Communications - LVLT - close: 26.50 change: +0.58

Stop Loss: 24.95
Target(s): 29.00
Current Gain/Loss: + 1.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
04/03 update: The bounce in LVLT continued but the rebound stalled at short-term technical resistance at the 10-dma. Today's move puts LVLT on the brink of a breakout from this narrow, two-week consolidation lower. Readers could use a rally past $26.75 as a new bullish entry point. I am inching our stop loss up to $24.95 but more conservative traders could put their stop under yesterday's low (25.25).

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

04/03/12 new stop loss @ 24.95
03/31/12 LVLT is underperforming. Readers may want to exit early
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: 45.47 change: +0.42

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: - 1.0%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
04/03 update: NTAP saw a spike to a new multi-month high this morning. Unfortunately traders sold the rally. That's worrisome. The intraday reversal lower should put traders on the defensive. I am not suggesting new positions at this time.

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


St. Jude Medical - STJ - close: 43.80 change: -0.09

Stop Loss: 42.95
Target(s): 48.50
Current Gain/Loss: - 1.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
04/03 update: Tuesday proved to be a quiet day for STJ with a very slow drift lower. Readers may want to wait for a new rise past $44.60 or past $44.80 before considering new bullish positions. FYI: The Point & Figure chart for STJ is bullish with a $66.00 target.

current Position: buy STJ stock @ $44.25

- or -

Long May $45 call (STJ1219E45) Entry $1.40

03/30/12 triggered
03/29/12 new entry point: trigger @ 44.25
03/28/12 not open yet. try again.

Entry on March 30 at $44.25
Earnings Date 04/18/12 (unconfirmed)
Average Daily Volume = 3.0 million
Listed on March 27, 2011


TJX Companies - TJX - close: 39.61 change: -0.26

Stop Loss: 38.45
Target(s): 41.50
Current Gain/Loss: + 2.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
04/03 update: TJX hit some profit taking, as expected. We wanted to exit our April calls at the open this morning. If the market pulls back again tomorrow we can look for TJX to dip to short-term support near $39.00. I am raising our stop loss up to $38.45. I am not suggesting new positions at this time.

current Position: Long TJX stock @ $38.60

- or -

Apr $37.50 call (TJX1221D37.5) Entry $1.60 exit $2.40 (+50%)

04/03/12 new stop loss @ 38.45
exited April $37.50 calls at the open, bid was $2.40 (+50.0%)
04/02/12 prepare to exit Apr 37.50 calls at the open tomorrow, current bid is $2.55 (+59%)
03/31/12 new stop loss @ 38.25
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: $71.50 change: +0.05

Stop Loss: 69.90
Target(s): 74.75
Current Gain/Loss: + 3.1%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
04/03 update: TTC continues to drift sideways while it builds a bullish trend of higher lows. I am raising our stop loss up to $69.90. I am suggesting readers wait for a new rally past $72.00 before considering new bullish positions.

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

current Position: Long TTC stock @ $69.32

04/03/12 new stop loss @ 69.90
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: 21.47 change: +0.09

Stop Loss: 20.30
Target(s): 23.50
Current Gain/Loss: + 1.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
04/03 update: WBSN rallied at the open but didn't make it very far. Shares spent the rest of the day churning sideways in a very narrow range. More conservative traders might want to adjust their stops higher. 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: 46.96 change: -0.13

Stop Loss: 44.75
Target(s): 49.50
Current Gain/Loss: + 3.7%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
04/03 update: After two days of gains WYN saw a little profit taking today. Broken resistance near $46.00 should be new short-term support. I am raising our stop loss up to $44.75. 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

04/03/12 new stop loss @ 44.75
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


BEARISH Play Updates

Ctrip.com Intl. - CTRP - close: 21.01 change: -0.72

Stop Loss: 23.05
Target(s): 18.00
Current Gain/Loss: + 3.2%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
04/03 update: So far so good. CTRP continues to sink and shares closed near short-term support and last week's low near $21.00. I am not suggesting new positions at this time.

Keep in mind that our target is $18.00 but the $20.00 level could be round-number, psychological support. Cautious traders may want to exit early near $20.

Earlier Comments:
Readers may want to keep their position size small or limit their risk by trading put options. The most recent data listed short interest at about 10% of the 131 million share float. That could raise the risk of a short squeeze.

It's possible the $20.00 level could act as round-number, psychological support but we are aiming for $18.00. The Point & Figure chart for CTRP is bearish with a $15.00 target.

current Position: short CTRP stock @ $21.70

- or -

Long Apr $21 PUT (CTRP1221P21) Entry $0.65

Entry on April 02 at $21.70
Earnings Date 05/--/12 (unconfirmed)
Average Daily Volume = 3.6 million
Listed on March 31, 2011


Greenbrier Companies - GBX - close: 20.08 change: -0.23

Stop Loss: 21.05
Target(s): 18.50
Current Gain/Loss: + 6.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
04/03 update: Good news! There was no follow through on yesterday's bullish reversal candlestick pattern. The rally stalled at its 150-dma. I remain very cautious here. Readers may want to exit early immediately. GBX is due to report earnings on Monday morning and we do not want to hold over the report. The markets are closed on Friday. Thus we need to exit this trade on Thursday, April 5th at the closing bell if shares haven't hit our target by then. 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

04/03/12 prepare to exit on Thursday, April 5th at the close
04/02/12 new stop loss @ 21.05, GBX has created a one-day bullish reversal signal. Readers may want to exit immediately.
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


Micron Technology Inc. - MU - close: 7.99 change: -0.11

Stop Loss: 8.41
Target(s): 7.05
Current Gain/Loss: - 0.0%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
04/03 update: There was no follow through on yesterday's intraday bounce. MU gave up -1.2% and closed under its 300-dma and the $8.00 mark. Readers can use today's move as a new entry point for bearish positions.

current Position: short MU stock @ $7.98

- or -

Long Apr $8.00 PUT (MU1221P8) Entry $0.37

04/02/12 triggered at $7.98

Entry on April 02 at $7.98
Earnings Date 06/21/12 (unconfirmed)
Average Daily Volume = 33.0 million
Listed on March 31, 2011


CLOSED BULLISH PLAYS

NXP Semiconductors - NXPI - close: 25.40 change: -0.72

Stop Loss: 25.35
Target(s): 29.75
Current Gain/Loss: - 4.3%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
04/03 update: I cautioned readers yesterday that NXPI looked poised for more weakness. The stock broke down to a new two-week low and hit our stop loss at $25.35.

(small positions)

closed Position: Long NXPI stock @ $26.50 exit $25.35 (-4.3%)

- or -

Apr $25 call (NXPI1221D25) Entry $2.25 exit $1.15 (-48.8%)

04/03/12 stopped out at $25.35
03/23/12 NXPI hit our trigger for small positions at $26.50

chart:

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