Editor's Note:
The stock market produced an afternoon pullback from its midday highs. The small caps managed a gain but the large cap indices posted declines.

We did see both NATI and SFLY hit our bullish entry triggers.


Current Portfolio:


BULLISH Play Updates

Gilead Sciences - GILD - close: 42.72 change: -0.17

Stop Loss: 40.75
Target(s): 44.85
Current Gain/Loss: +3.7%

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:
02/28/13: GILD garnered some bullish analyst comments today but that failed to help the stock's rally. Shares actually paused and spent most of the day inside a 40-cent range before following the market lower later in the day. I am not suggesting new positions.

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: 30.08 change: -0.12

Stop Loss: 29.60
Target(s): 32.75
Current Gain/Loss: - 0.9%

Entry on February 28 at $30.35
Listed on February 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 340 thousand
New Positions: see below

Comments:
02/28/13: NATI finally hit our suggested entry point at $30.35. Unfortunately the rally didn't last long this morning and shares faded lower. There should be short-term technical support at the 10-dma (29.85) and the 20-dma (29.70). Nimble traders could buy a dip on one of these moving averages. Otherwise, you may want to wait for a new relative high (30.40).

current Position: Long NATI stock @ $30.35



NASDAQ OMX Group - NDAQ - close: 31.66 change: -0.13

Stop Loss: 30.75
Target(s): 34.85
Current Gain/Loss: + 0.3%

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:
02/28/13: The rally in NDAQ has paused at resistance near $32.00. Shares spent most of the day in a pretty narrow range. A breakout past $32.00 could be used as an alternative bullish entry point.

*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: 24.36 change: -0.18

Stop Loss: 23.75
Target(s): 26.00
Current Gain/Loss: + 3.6%

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:
02/28/13: Trading in shares of PGR today looks a little ominous with a -0.7% decline. Readers may want to take profits now and exit early. PGR looks headed for 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



Shutterfly, Inc. - SFLY - close: 43.28 change: +0.16

Stop Loss: 40.95
Target(s): 48.50
Current Gain/Loss: + 0.1%

Entry on February 28 at $43.25
Listed on February 27, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
02/28/13: SFLY rallied to a new relative high today at $44.09 but shares gave back most of its gains. I would not be surprised to see a dip back into the $43.00-42.50 zone. Readers may want to wait for the dip and then buy a bounce.

Earlier Comments:
SFLY could see another short squeeze. The most recent data listed short interest at nearly 40% of the small 28.6 million share float. I would keep our position size small as SFLY can be a volatile stock.

*Small Positions*

current Position: long SFLY stock @ $43.25



Sarepta Therapeutics - SRPT - close: 29.30 change: -2.22

Stop Loss: 28.85
Target(s): 34.75
Current Gain/Loss: - 2.8%

Entry on February 27 at $30.15
Listed on February 26, 2013
Time Frame: Exit PRIOR to earnings on Mar. 7th
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
02/28/13: Ouch! I cautioned you that biotechs can be volatile. After yesterday's +8.5% rally shares reversed with a -7.0% decline. The close back beneath the $30.00 mark is technically bearish. If there is any follow through lower tomorrow we will likely see SRPT hit our stop loss at $28.85. I am not suggesting new positions at this time.

Earlier Comments:
We are aiming for $34.75. More aggressive traders could aim higher. Remember, this is a higher-risk trade. We want to keep our position size small.

*Small Positions*

current Position: long SRPT stock @ $30.15



Symantec Corp - SYMC - close: 23.44 change: +0.21

Stop Loss: 22.30
Target(s): 24.90
Current Gain/Loss: + 5.1%

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:
02/28/13: SYMC displayed relative strength with a +0.9% gain and another multi-year high. I am raising our stop loss to breakeven at $22.30.

*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

02/28/13 new stop loss @ 22.30
02/25/13 new stop loss @ 22.15
02/16/13 new stop loss @ 21.95



Verizon Comm. - VZ - close: 46.53 change: +0.18

Stop Loss: 44.35
Target(s): 47.25
Current Gain/Loss: + 2.3%

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:
02/28/13: Buyers continue to keep the rally alive in shares of VZ. The stock is now up eight days in a row. This can't last forever and shares will see a pullback, and probably sooner rather than later. I am not suggesting new positions at this time.

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: 16.87 change: -0.25

Stop Loss: 18.60
Target(s): 15.50
Current Gain/Loss: + 7.6%

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:
02/28/13: Traders continue to sell APOL with shares underperforming the market with a -1.4% decline. I am lowering our stop loss to $18.60.

current Position: short APOL stock @ $18.25

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

Long Mar $18 PUT (APOL1316o18) entry $0.60

02/28/13 new stop loss @ 18.60



DuPont Fabros Tech. - DFT - close: 23.16 change: +0.36

Stop Loss: 23.60
Target(s): 20.25
Current Gain/Loss: - 1.4%

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:
02/28/13: Hmm...the action in DFT today is troubling. Shares outperformed the market with a +1.5% gain and closed above short-term resistance at the 10-dma and the $23.00 mark. More conservative traders may want to abandon ship. I am not suggesting new positions.

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



EMC Corp. - EMC - close: 23.01 change: -0.27

Stop Loss: 23.71
Target(s): 20.15
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 25, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 27.4 million
New Positions: Yes, see below

Comments:
02/28/13: The bounce in EMC has reversed at short-term resistance on its simple 10-dma. Aggressive traders could use today's pullback as a new bearish entry point with a stop just above $23.50. I am suggesting we stick to the plan and wait for a new relative low. I am suggesting a trigger to open bearish positions at $22.65. If triggered our target is $20.15.

Trigger @ 22.65

Suggested Position: short EMC stock @ (trigger)

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

buy the April $22 PUT (EMC1320p22)



Ford Motor Co. - F - close: 12.61 change: -0.15

Stop Loss: 13.05
Target(s): 11.50
Current Gain/Loss: - 0.8%

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:
02/28/13: As expected there was no follow through on yesterday's big bounce. The rally in Ford stalled at its 20-dma. More conservative traders might want to adjust their stops closer to today's high (12.87).

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