Editor's Note:
The Monday morning rally attempt failed and stocks reversed into widespread losses.

CONN was stopped out.
NDAQ and APOL were triggered.
CZR was closed


Current Portfolio:


BULLISH Play Updates

Gilead Sciences - GILD - close: 42.09 change: -0.36

Stop Loss: 40.75
Target(s): 44.85
Current Gain/Loss: +2.2%

Entry on February 14 at $41.18
Listed on February 13, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 8.0 million
New Positions: see below

Comments:
02/25/13: Bullish analyst comments this morning helped push GILD to another new high. The stock eventually succumbed to the market's widespread distress.

Earlier Comments:
We do want to keep our position size small. Biotech stocks can be volatile.
FYI: The Point & Figure chart for GILD is bullish with a $47.50 target.

*Small Positions*

current Position: Long GILD stock @ $41.18

02/23/13 new stop loss @ 40.75



National Instruments - NATI - close: 29.50 change: -0.41

Stop Loss: 29.60
Target(s): 32.75
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 340 thousand
New Positions: Yes, see below

Comments:
02/25/13: NATI did not completely erase Friday's gains. Unfortunately today looks like a failed rally at the $30.00 level and a bearish engulfing candlestick reversal pattern. If NATI breaks down under its 20-dma, nimble traders may want to launch bearish positions (and we'll likely drop the stock as a bullish candidate).

Currently, I am suggesting a trigger to open bullish positions at $30.35. That would be a new 52-week high. If triggered our multi-week target is $32.75.
FYI: The Point & Figure chart for NATI is bullish with a $40.00 target.

Trigger @ 30.35

Suggested Position: buy NATI stock @ (trigger)



NASDAQ OMX Group - NDAQ - close: 30.83 change: -0.53

Stop Loss: 30.75
Target(s): 34.85
Current Gain/Loss: - 2.3%

Entry on February 25 at $31.55
Listed on February 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.0 million
New Positions: see below

Comments:
02/25/13: NDAQ started off strong with a gap open higher. Our trigger was hit at $31.55. The rally didn't last faced with a widespread market plunge. NDAQ reversed and is now breaking down below its 10-dma. Today's move also looks like an ugly bearish engulfing candlestick reversal pattern. Shares are very close to hitting our stop loss at $30.75.

*Small Positions*

current Position: long NDAQ stock @ $31.55

- (or for more adventurous traders, try this option) -

Long Apr $33 call (NDAQ1320d33) entry $0.95



Progressive Corp. - PGR - close: 24.06 change: -0.66

Stop Loss: 23.75
Target(s): 26.00
Current Gain/Loss: + 2.3%

Entry on February 11 at $23.52
Listed on February 9, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 4.8 million
New Positions: see below

Comments:
02/25/13: Ouch! PGR reversed sharply with a -2.6% decline. Today's drop erased several days worth of gains. More conservative traders may want to raise their stop closer to the $24.00 level. I am not suggesting new positions at this time.

current Position: Long PGR stock @ $23.52

02/23/13 new stop loss @ 23.75
02/20/13 new stop loss @ 23.40
02/13/13 new stop loss @ 22.95



Splunk, Inc. - SPLK - close: 35.55 change: +0.54

Stop Loss: 34.20
Target(s): 39.50
Current Gain/Loss: + 0.3%

Entry on February 15 at $35.44
Listed on February 14, 2013
Time Frame: exit PRIOR to earnings on Feb. 28th
Average Daily Volume = 1.5 million
New Positions: see below

Comments:
02/25/13: SPLK displayed relative strength with a +1.5% gain. Yet the stock did trim its gains from the intraday high above $36.00. We are almost out of time. We plan to exit on February 28th at the closing bell to avoid holding over earnings later that evening. However, we are raising the stop loss to $34.20.

Earlier Comments:
A breakout here could spark a short squeeze. The most recent data listed short interest a 16% of the 55.6 million share float.

current Position: Long SPLK stock @ $35.44

02/25/13 new stop loss @ 34.20
02/23/13 remember - plan to exit prior to earnings on Feb. 28th
02/15/13 trade opened on gap higher at $35.44, trigger was $35.30



Symantec Corp - SYMC - close: 22.43 change: -0.50

Stop Loss: 22.15
Target(s): 24.90
Current Gain/Loss: + 0.6%

Entry on February 06 at $22.30
Listed on February 5, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 10 million
New Positions: see below

Comments:
02/25/13: SYMC briefly tipped above the $23.00 level and then reversed. Shares gave back -2.1% by the closing bell. I am raising the stop loss to $22.15, which is just below last week's low. I am not suggesting new positions at this time.

*Small positions*

current Position: long SYMC stock @ $22.30

- (or for more adventurous traders, try this option) -

Long Mar $23 call (SYMC1316c23) entry $0.38

02/25/13 new stop loss @ 22.15
02/16/13 new stop loss @ 21.95



Verizon Comm. - VZ - close: 45.72 change: +0.32

Stop Loss: 44.35
Target(s): 47.25
Current Gain/Loss: + 0.5%

Entry on February 25 at $45.50
Listed on February 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 12.9 million
New Positions: see below

Comments:
02/25/13: VZ continued to show relative strength on Monday. The stock opened at $45.50 and rallied to $46.00 before paring its gains.

Our plan was to keep our position size small to limit our risk. Our target is $47.25. More aggressive traders may want to aim for the $50.00 area but you may have to be patient.

*Small Positions*

current Position: Long VZ Stock @ $45.50



BEARISH Play Updates

Apollo Group Inc. - APOL - close: 17.83 change: -0.75

Stop Loss: 19.60
Target(s): 15.50
Current Gain/Loss: + 2.3%

Entry on February 25 at $18.25
Listed on February 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.1 million
New Positions: see below

Comments:
02/25/13: Our APOL is open. Shares are breaking down below support and hitting new multi-year lows. Our trigger to launch positions was hit at $18.25. I would still consider new positions now.

current Position: short APOL stock @ $18.25

- (or for more adventurous traders, try this option) -

Long Mar $18 PUT (APOL1316o18) entry $0.60



DuPont Fabros Tech. - DFT - close: 22.44 change: -0.43

Stop Loss: 23.60
Target(s): 20.25
Current Gain/Loss: + 1.8%

Entry on February 20 at $22.85
Listed on February 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.25 million
New Positions: see below

Comments:
02/25/13: DFT is rolling over as expected and shares fell -1.8% today. I would still consider new positions at current levels.

Earlier Comments:
Please note that we do want to keep our position size small. That's because there is already a lot of short interest. The most recent data listed short interest at 22% of the 62.2 million share float. That raises the risk of a short squeeze. Readers may want to buy the put options to limit their risk to their size of their position.
FYI: The Point & Figure chart for DFT is bearish with a $10.00 target.

*Small Positions*

current Position: short DFT stock @ $22.85

- (or for more adventurous traders, try this option) -

Long Mar $25 PUT (DFT1316o25) entry $2.35

02/23/13 new stop loss @ 23.60



Ford Motor Co. - F - close: 12.13 change: -0.35

Stop Loss: 13.05
Target(s): 11.50
Current Gain/Loss: + 3.0%

Entry on February 21 at $12.51
Listed on February 20, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 43.7 million
New Positions: see below

Comments:
02/25/13: Ford tried to rally this morning with a small gap higher but traders quickly sold into strength. Shares reversed into a -2.8% decline.

Earlier Comments:
We do want to keep our position size small. Our initial target is $11.50 but we'll make adjustments along the way.

current Position: short F stock @ $12.51



CLOSED BULLISH PLAYS

Conns Inc. - CONN - close: 29.65 change: -0.76

Stop Loss: 29.85
Target(s): 33.50
Current Gain/Loss: + 1.0%

Entry on February 05 at $29.55
Listed on February 4, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 416 thousand
New Positions: see below

Comments:
02/25/13: The stock market meltdown on Monday pushed CONN through support at $30.00. Our stop was hit at $29.85.

closed Position: Long CONN stock @ $29.55 exit $29.85 (+1.0%)

02/25/13 stopped out
02/23/13 new stop loss @ 29.85
02/19/13 new stop loss @ 29.45
02/12/13 new stop loss @ 28.85
02/09/13 new stop loss @ 28.45

chart:



CLOSED BEARISH PLAYS

Caesars Entertainment - CZR - close: 11.71 change: +0.12

Stop Loss: 13.25
Target(s): 10.10
Current Gain/Loss: + 6.5%

Entry on February 13 at $12.53
Listed on February 12, 2013
Time Frame: Exit prior to earnings on Feb. 25th
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
02/25/13: Monday was another volatile session for CZR. Shares spiked higher to $12.70 but gave back most of its gains by the close. Our plan was to exit tonight at the closing bell to avoid holding over the earnings report.

closed Position: short CZR stock @ $12.53 exit $11.71 (+6.5%)

- (or for more adventurous traders, try this option) -

Mar $10 PUT (CZR1316o10) entry $0.45 exit $0.45 (+0.0%)

02/25/13 planned exit ahead of earnings
02/23/13 time is almost over. prepare to exit on Monday. Feb. 25th at the closing bell

chart: