Editor's Note:
The S&P 500 index ended a seven-day winning streak with today's decline. Granted, the losses were pretty mild. It looks more like the rally just paused.

I am suggesting an early exit in AU tomorrow.


Current Portfolio:


BULLISH Play Updates

Cray Inc. - CRAY - close: 20.07 change: -0.13

Stop Loss: 18.95
Target(s): 22.25
Current Gain/Loss: - 0.4%

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:
03/12/13: CRAY was little changed on Tuesday. Shares continue to churn sideways near round-number support at $20.00.

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



iShares Japan Index - EWJ - close: 10.42 change: -0.12

Stop Loss: 9.90
Target(s): 11.40
Current Gain/Loss: - 0.2%

Entry on March 12 at $10.44
Listed on March 11, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 30 million
New Positions: Yes, see below

Comments:
03/12/13: The Asian markets were down today. Japan was no exception. The EWJ gapped open lower in response to the weakness in the NIKKEI. Our trade opened this morning at $10.44. More patient investors may want to wait and see if EWJ provides a better entry point on a dip near $10.25 instead.

We have a longer-term time frame for this trade to work. If you're going to play it, be patient.

Current Position: Long the EWJ @ $10.44



FLIR Systems - FLIR - close: 26.44 change: -0.06

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

Entry on March -- at $--.--
Listed on March 09, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 984 thousand
New Positions: Yes, see below

Comments:
03/12/13: Not much follow through on yesterday's reversal lower. FLIR is still trying to hold on to the bottom of its bullish channel. I don't see any changes from my previous comments.

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: 10.46 change: -0.04

Stop Loss: 10.25
Target(s): 11.00
Current Gain/Loss: +11.8%

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:
03/12/13: GNW snapped a six-day winning streak with today's four-cent dip. Shares spent most of the day churning sideways on either side of the $10.40 level. More conservative traders will want to seriously consider exiting right here to lock in gains.

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: 41.61 change: -0.06

Stop Loss: 40.40
Target(s): 44.85
Current Gain/Loss: + 0.6%

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:
03/12/13: Tuesday was a quiet session for shares of MAT. If you are looking for a new bullish entry point then consider waiting for a dip near the rising 10-dma.

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 09, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
03/12/13: Shares of MWV also churned sideways in a narrow range on Tuesday. If you're looking for a new bullish entry point you may want to consider waiting for a dip into the $36.35-36.00 zone as an alternative entry point.
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: 32.10 change: -0.21

Stop Loss: 30.75
Target(s): 34.85
Current Gain/Loss: + 1.7%

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:
03/12/13: NDAQ gave back most of yesterday's gains with a -0.24% decline. The stock hovered just above support near $32.00 all day long. More conservative traders might want to tighten their stop loss.

*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: 24.90 change: -0.02

Stop Loss: 23.90
Target(s): 26.00
Current Gain/Loss: + 5.9%

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:
03/12/13: PGR continues to churn sideways just below round-number resistance at the $25.00 mark.

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: 43.76 change: -0.09

Stop Loss: 42.75
Target(s): 48.50
Current Gain/Loss: + 1.2%

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:
03/12/13: SFLY churned sideways on Tuesday not really making any progress. On a negative note SFLY remains under its simple 10-dma. More conservative traders may want to tighten their stops. 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: 17.00 change: -0.05

Stop Loss: 17.35
Target(s): 15.50
Current Gain/Loss: + 6.8%

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:
03/12/13: APOL continues to churn sideways in a narrow range near the $17.00 level. The fact that traders bought the dip near APOL's simple 10-dma intraday is not a good sign for bears. Readers may want to exit early now.

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: 25.34 change: +0.56

Stop Loss: 25.55
Target(s): 20.25
Current Gain/Loss: -5.5%

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:
03/12/13: Worries over Europe helped spark a rally in gold prices and the gold miners rallied again. AU has not been cooperating with us these last few days. I'm ready to throw in the towel. We're suggesting an early exit tomorrow morning at the opening bell.

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

03/12/13 prepare to exit tomorrow morning
03/06/13 warning! Today's session looks like a potential bullish reversal pattern for the gold miners, including AU.



Harris Corp. - HRS - close: 44.93 change: +0.11

Stop Loss: 46.65
Target(s): 40.50
Current Gain/Loss: + 0.8%

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:
03/12/13: HRS tagged a new relative low and then bounced. I would not be surprised to see HRS rebound back toward the $45.50 area or even $46.00 and then roll over again.

*Small Positions*

current Position: short HRS stock @ $45.30