Editor's Note:
Shares of biotech stock Gilead Sciences (GILD) hit our bullish target today.

The GNW trade has been triggered. EMC was removed. Ford was closed.


Current Portfolio:


BULLISH Play Updates

Cray Inc. - CRAY - close: 20.45 change: -0.05

Stop Loss: 18.95
Target(s): 22.25
Current Gain/Loss: + 1.5%

Entry on March 04 at $20.15
Listed on March 02, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 419 thousand
New Positions: see below

Comments:
03/05/13: Shares of CRAY hit a little profit taking this morning but traders bought the dip and the stock pared its losses. The $20.00 mark should be round-number support and investors could use dips near $20.00 as a new entry point.

The plan was to keep our position size small to limit our risk.

*Small Positions*

Current Position: long CRAY stock @ $20.15

03/04/13 triggered @ $20.15



Genworth Financial - GNW - close: 9.39 change: +0.30

Stop Loss: 8.49
Target(s): 11.00
Current Gain/Loss: + 0.3%

Entry on March 05 at $ 9.36
Listed on March 02, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 8.6 million
New Positions: Yes, see below

Comments:
03/05/13: The rally in GNW continued on Tuesday. Unfortunately shares gapped open higher at $9.36. That was above our suggested entry point at $9.25 and negatively impacts our entry point. The stock spiked higher to hit $9.87 intraday before trimming its gains. I would not be surprised to see GNW fill the gap created this morning. That would mean a potential dip into the $9.15-9.11 zone, which we could use as an alternative entry point.

NOTE: Option volumes for at-the-money and near-the-money calls were very heavy again today.

current Position: Long GNW stock @ $9.36

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

Long Apr $10 call (GNW1320d10) entry $0.48

03/05/13 triggered on gap higher at $9.36



NASDAQ OMX Group - NDAQ - close: 32.45 change: +0.42

Stop Loss: 30.75
Target(s): 34.85
Current Gain/Loss: + 2.9%

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:
03/05/13: Shares of NDAQ have rallied to new four-year highs while the NASDAQ composite index has rallied to a new 12-year high. NDAQ is breaking out from a three-week consolidation under the $32.00 level.

*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: 24.65 change: +0.13

Stop Loss: 23.90
Target(s): 26.00
Current Gain/Loss: + 4.8%

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:
03/05/13: PGR is inching higher with a +0.5% gain today. Readers may want to consider taking profits early in the $24.80-25.00 zone.

I am not suggesting new positions at this time.

current Position: Long PGR stock @ $23.52

03/02/13 new stop loss @ 23.90
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: 44.75 change: +0.11

Stop Loss: 41.85
Target(s): 48.50
Current Gain/Loss: + 3.5%

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:
03/05/13: After yesterday's bullish breakout past resistance near $44.00 one might have hoped for a bit more follow through higher today. The stock only gained 0.2% instead. I am not suggesting new positions at this time. We will raise our stop loss to $41.85.

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

03/05/13 new stop loss @ 41.85



Symantec Corp - SYMC - close: 24.20 change: +0.25

Stop Loss: 23.25
Target(s): 24.50
Current Gain/Loss: + 8.5%

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:
03/05/13: Hmm... SYMC posted another gain today. The stock is up six days in a row. We are aiming for $24.50 but it looks like someone with a lot of stock to sell decided they would get out in front of everyone and sell at $24.40, which was suddenly a wall of resistance this morning. Readers will want to seriously consider an early exit right now. I am not suggesting new positions.

Please note I am suggesting we exit our March $23 calls immediately at the open tomorrow morning. These calls are currently at $1.27bid/1.31ask. I am also raising the stop loss on our stock trade to $23.25.

*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

03/05/13 new stop loss @ 23.25, prepare to exit our March $23 calls at the opening bell tomorrow! current ask on the option is $1.27
03/04/13 new stop loss @ 22.65, exit down to $24.50
02/28/13 new stop loss @ 22.30
02/25/13 new stop loss @ 22.15
02/16/13 new stop loss @ 21.95



BEARISH Play Updates

Apollo Group Inc. - APOL - close: 16.70 change: +0.50

Stop Loss: 18.15
Target(s): 15.50
Current Gain/Loss: + 8.5%

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:
03/05/13: Shares of APOL were upgraded this morning from a "sell" to a "hold". This news combined with a bullish market environment probably fueled some short covering and APOL spiked to $17.24 intraday. I am not suggesting new positions at this time.

current Position: short APOL stock @ $18.25

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

Long Mar $18 PUT (APOL1316o18) entry $0.60

03/04/13 the put option has tripled in value. Readers may want to take profits now.
03/02/13 new stop loss @ 18.15
02/28/13 new stop loss @ 18.60



AngloGold Ashanti Ltd. - AU - close: 23.45 change: +0.04

Stop Loss: 25.55
Target(s): 20.25
Current Gain/Loss: +2.3%

Entry on March 01 at $24.01
Listed on February 28, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 2.0 million
New Positions: see below

Comments:
03/05/13: AU gapped open higher this morning but gains faded to almost unchanged on the session. I am not suggesting new positions at this time.

Earlier Comments:
We want to keep our position size small because AU is arguably already short-term oversold. Of course it can grow a lot more oversold. Our target is $20.25. Readers may want to buy the put options, which can allow you to limit your risk to the cost of the option.
FYI: The Point & Figure chart for AU is bearish with a $13.00 target.

*Small Positions*

current Position: short AU stock @ $24.01

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

Long Apr $24 PUT (AU1320p24) entry $1.10



CLOSED BULLISH PLAYS

Gilead Sciences - GILD - close: 45.02 change: +1.15

Stop Loss: 41.85
Target(s): 44.85
Current Gain/Loss: +8.9%

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:
03/05/13: Target achieved.

GILD continued to rally on Tuesday and outperformed the broader market with a +2.6% gain. Shares hit our exit target at $44.85.

Earlier Comments:
We do want to keep our position size small. Biotech stocks can be volatile.

*Small Positions*

closed Position: Long GILD stock @ $41.18 exit $44.85 (+8.9%)

03/05/13 target hit
03/04/13 new stop loss @ 41.85
03/02/13 new stop loss @ 41.40
02/23/13 new stop loss @ 40.75

chart:



CLOSED BEARISH PLAYS

EMC Corp. - EMC - close: 23.74 change: +0.52

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: see below

Comments:
03/05/13: We are giving up on EMC as a bearish candidate. The stock broke out past short-term technical resistance at its 10-dma today. Our trade never opened.

Trade did not open.

03/05/13 removed from the newsletter

chart:



Ford Motor Co. - F - close: 12.87 change: +0.12

Stop Loss: 13.05
Target(s): 11.50
Current Gain/Loss: - 2.9%

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:
03/05/13: Last night we decided it was time to close our Ford trade. The plan was to exit at the open this morning. Unfortunately F gapped open higher at $12.87.

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

closed Position: short F stock @ $12.51 exit $12.87 (-2.9%)

03/05/13 planned exit this morning
03/04/13 prepare to exit at the open tomorrow

chart: