Editor's Note:
Shares of Symantec (SYMC) hit our bullish target today. Meanwhile gold mining stocks reversed higher and our MAT trade was triggered.


Current Portfolio:


BULLISH Play Updates

Cray Inc. - CRAY - close: 20.39 change: -0.06

Stop Loss: 18.95
Target(s): 22.25
Current Gain/Loss: + 1.2%

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:
03/06/13: It was another quiet day for shares of CRAY. The early gains faded but shares closed virtually unchanged on the session. 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: 9.61 change: +0.22

Stop Loss: 8.49
Target(s): 11.00
Current Gain/Loss: + 2.7%

Entry on March 05 at $ 9.36
Listed on March 04, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 8.6 million
New Positions: see below

Comments:
03/06/13: It was another volatile day for shares of GNW. Before the opening bell this morning the company announced it was suspending sales of individual long-term care insurance in California. Essentially the company was not making enough money on its current product within the California system so they're going to replace it with something else down the road. The stock soared intraday with a +6.9% gain but the advance faded to just +2.3% by the closing bell.

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



Mattel, Inc. - MAT - close: 40.94 change: -0.23

Stop Loss: 40.40
Target(s): 44.85
Current Gain/Loss: - 1.0%

Entry on March 06 at $41.35
Listed on March 02, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.7 million
New Positions: see below

Comments:
03/06/13: Our new trade on MAT has been triggered. The stock rallied to a new 13-year high this morning, hit our trigger at $41.35, and then reversed. I would not be surprised to see a dip to the simple 10-dma near $40.60. Keep in mind that we have a stop loss at $40.40. More aggressive traders may want to use a wider stop loss.

Earlier Comments:
Our long-term target is $44.85. We may have to exercise some patience on this trade. It could take a while to get to the $45.00 level since MAT doesn't move very fast but the long-term trend is definitely higher.

current Position: Long MAT stock @ $41.35



NASDAQ OMX Group - NDAQ - close: 32.23 change: -0.22

Stop Loss: 30.75
Target(s): 34.85
Current Gain/Loss: + 2.2%

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:
03/06/13: The high today was only $32.79. On some charts you might see a bad tick past the $34.00 level this morning. NDAQ essentially churned lower following yesterday's bullish breakout past $32.00. Broken resistance at $32.00 should become new short-term support.

*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: 24.74 change: +0.09

Stop Loss: 23.90
Target(s): 26.00
Current Gain/Loss: + 5.2%

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:
03/06/13: PGR gapped open higher and spent the rest of the day drifting sideways inside a narrow range. The high today was $24.86. Yesterday I suggested that 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: 45.09 change: +0.34

Stop Loss: 41.85
Target(s): 48.50
Current Gain/Loss: + 4.3%

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:
03/06/13: SFLY managed to outperform the market's major indices with a +0.75% gain today. I don't see any changes from my prior comments.

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



BEARISH Play Updates

Apollo Group Inc. - APOL - close: 16.61 change: -0.09

Stop Loss: 18.15
Target(s): 15.50
Current Gain/Loss: + 9.0%

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:
03/06/13: APOL continues to underperform the market with a -0.5% decline today. 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: 24.43 change: +0.98

Stop Loss: 25.55
Target(s): 20.25
Current Gain/Loss: -1.7%

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:
03/06/13: Ouch! Most of the gold mining stocks bounced today. I have to warn you that today's session does look like a bullish reversal pattern both in shares of AU and the GDX gold miner ETF. Gold itself didn't move that much with gold futures closing at $1,575.00 an ounce (close enough) and the GLD gold ETF only gained +0.5%. Yet the GDX gold miner ETF rallied +4.2% and AU surged +4.17%.

I cannot find any specific catalyst for the reversal in the gold miners. The better than expected ADP employment report should have been bearish for gold. A stronger labor market means the Federal Reserve is closer to ending QE and ending QE would technically be bearish for gold.

More conservative traders will want to seriously consider lowering their stop loss. I am not suggesting new positions.

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

03/06/13 warning! Today's session looks like a potential bullish reversal pattern for the gold miners, including AU.



CLOSED BULLISH PLAYS

Symantec Corp - SYMC - close: 24.52 change: +0.32

Stop Loss: 23.25
Target(s): 24.50
Current Gain/Loss: + 9.9%

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:
03/06/13: Target achieved.

SYMC rallied for its seventh day in a row and hit our exit target at $24.50. Yesterday I suggested that we exit our March $23.00 calls at the open this morning. SYMC was kind enough to gap open higher at $24.36.

*Small positions*

closed Position: long SYMC stock @ $22.30 exit $24.50 (+9.9%)

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

Mar $23 call (SYMC1316c23) entry $0.38 exit $1.44 (+278.9%)

03/06/13 target hit @ 24.50
03/06/13 closed the Mar.$23call at the open
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

chart: