Editor's Note:
The U.S. market continues to march higher. Now the S&P 500 is within ten points of its all-time closing high.

MWV was triggered today.


Current Portfolio:


BULLISH Play Updates

Cray Inc. - CRAY - close: 20.20 change: +0.03

Stop Loss: 18.95
Target(s): 22.25
Current Gain/Loss: + 0.2%

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:
03/11/13: CRAY is still hovering near round-number support at $20.00. I would still be tempted to launch new bullish positions here but readers might want to tighten their stop loss.

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



FLIR Systems - FLIR - close: 26.50 change: -0.42

Stop Loss: 25.85
Target(s): 29.75
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 984 thousand
New Positions: Yes, see below

Comments:
03/11/13: FLIR underperformed the market with a -1.5% decline on Monday. Our trade is not open yet but aggressive traders might want to consider buying the dip since FLIR has pulled back to the bottom edge of its rising, bullish channel, which should be support. Consider using a tight stop loss if you do. The newsletter is suggesting traders wait and use a trigger to launch small bullish positions at $27.25.
FYI: The Point & Figure chart for FLIR is bullish with a $43 target.

Trigger @ 27.25

Suggested Position: buy FLIR stock @ (trigger)



Genworth Financial - GNW - close: 10.50 change: +0.66

Stop Loss: 10.25
Target(s): 11.00
Current Gain/Loss: +12.2%

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:
03/11/13: It was a big day for shares of GNW. Bullish analyst comments and a positive article in Barron's helped power the stock higher today. Shares of GNW actually gapped open higher at $10.73 before paring its gains. More conservative traders will want to seriously consider exiting right here to lock in gains. The newsletter is still aiming for the $11.00 mark but we will adjust our stop loss to $10.25.

current Position: Long GNW stock @ $9.36

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

Long Apr $10 call (GNW1320d10) entry $0.48

03/11/13 new stop loss @ 10.25
03/09/13 new stop loss @ 8.85
03/05/13 triggered on gap higher at $9.36



Mattel, Inc. - MAT - close: 41.67 change: +0.24

Stop Loss: 40.40
Target(s): 44.85
Current Gain/Loss: + 0.8%

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:
03/11/13: Slow and steady is MAT's rise. Shares added +0.5% on Monday.

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



MeadWestvaco Corp. - MWV - close: 36.76 change: +0.34

Stop Loss: 35.40
Target(s): 39.75
Current Gain/Loss: + 0.3%

Entry on March 11 at $36.65
Listed on March 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
03/11/13: Our new trade on MWV has been triggered. Shares added +0.9% today, outperforming the broader market averages. Our trigger to launch positions was hit at $36.65.
FYI: The Point & Figure chart for MWV is bullish with a $42 target.

current Position: long MWV stock @ $36.65

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

Long Apr $35 call (MWV1320D35) entry $2.20



NASDAQ OMX Group - NDAQ - close: 32.31 change: +0.29

Stop Loss: 30.75
Target(s): 34.85
Current Gain/Loss: + 2.4%

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:
03/11/13: Traders bought the dip near short-term support at $32.00 and its 10-dma this morning. NDAQ managed to outperform the market with a +0.88% gain.

*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: 24.92 change: +0.08

Stop Loss: 23.90
Target(s): 26.00
Current Gain/Loss: + 6.0%

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:
03/11/13: PGR is inching closer and closer to a bullish breakout past resistance at the $25.00 mark. We are currently aiming for $26.00. More aggressive traders could aim higher.

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: 43.85 change: -0.53

Stop Loss: 42.75
Target(s): 48.50
Current Gain/Loss: + 1.4%

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:
03/11/13: Uh-oh! Friday's session created a one-day bearish reversal pattern. Today's decline (-1.1%) confirms the reversal. I am raising our stop loss to $42.75. More conservative traders may want to tighten their stop toward today's low (43.48) instead.

I am not suggesting new positions at this time.

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

03/11/13 new stop loss @ 42.75
03/05/13 new stop loss @ 41.85



BEARISH Play Updates

Apollo Group Inc. - APOL - close: 17.05 change: +0.08

Stop Loss: 17.35
Target(s): 15.50
Current Gain/Loss: + 6.6%

Entry on February 25 at $18.25
Listed on February 21, 2013
Time Frame: EXIT prior to earnings on Mar. 25th
Average Daily Volume = 3.1 million
New Positions: see below

Comments:
03/11/13: APOL is still trying to bounce. Today saw traders buy the dip in APOL at its simple 10-dma. That's not a good sign for the bears. Readers may want to exit early now. I am lowering our stop loss down to $17.35.

NOTE: We do not want to hold over the March 25th earnings report.

Keep in mind that our March $18 put will expire soon so we'll need to plan an exit there soon.

current Position: short APOL stock @ $18.25

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

Long Mar $18 PUT (APOL1316o18) entry $0.60

03/11/13 new stop loss @ 17.35
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: 24.78 change: +0.18

Stop Loss: 25.55
Target(s): 20.25
Current Gain/Loss: -3.2%

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:
03/11/13: I am a little bit surprised by the strength in AU today. The GLD gold ETF only posted a very minor gain and the GDX gold miner index posted a loss. Yet AU gained +0.7%. 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

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



Harris Corp. - HRS - close: 44.82 change: -0.60

Stop Loss: 46.65
Target(s): 40.50
Current Gain/Loss: + 1.1%

Entry on March 08 at $45.30
Listed on March 07, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 855 thousand
New Positions: see below

Comments:
03/11/13: HRS continues to underperform the market and posted a -1.3% decline. It is worth noting that HRS closed right on its simple 300-dma. I am not suggesting new positions at the moment.

*Small Positions*

current Position: short HRS stock @ $45.30