Editor's Note:
The small cap Russell 2000 index displayed relative strength and tagged another new all-time high today.

We have removed FLIR. The trade did not open. We also closed AU this morning.


Current Portfolio:


BULLISH Play Updates

Cray Inc. - CRAY - close: 20.71 change: +0.64

Stop Loss: 19.65
Target(s): 22.25
Current Gain/Loss: + 2.8%

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:
03/13/13: CRAY tagged support at $20.00 again this morning and then suddenly shot higher. The stock outperformed the market with a +3.1% gain. I am raising our stop loss to $19.65.

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

*Small Positions*

Current Position: long CRAY stock @ $20.15

03/13/13 new stop loss @ 19.65
03/04/13 triggered @ $20.15



iShares Japan Index - EWJ - close: 10.48 change: +0.06

Stop Loss: 9.90
Target(s): 11.40
Current Gain/Loss: + 0.4%

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: see below

Comments:
03/13/13: There was no follow through on yesterday's decline in the EWJ. Instead the iShares for Japan rebounded with a +0.6% gain. There was a Barron's article today stating that money inflows for Japan-focused mutual funds have risen to a six-year high. Investors are growing more bullish on Japan.

I don't see any changes from my prior comments. We would consider new positions now at current levels or you could be patient and hope for a likely dip back toward the $10.25 area as an alternative entry point.

Earlier Comments:
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



Genworth Financial - GNW - close: 10.51 change: +0.05

Stop Loss: 10.25
Target(s): 11.00
Current Gain/Loss: +12.3%

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:
03/13/13: GNW is doing a nice little levitation act. After the gap open higher on Monday the stock has been hovering inside the $10.35-10.65 zone for the last two and a half days. 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: 41.92 change: +0.31

Stop Loss: 40.40
Target(s): 44.85
Current Gain/Loss: + 1.4%

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:
03/13/13: MAT managed to outperform the broader market on Wednesday with a +0.7% gain. Shares are nearing what could be short-term resistance at the $42.00 level. I would not be surprised to see MAT dip here. Look for short-term support at the 10 or 20-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: 37.18 change: +0.42

Stop Loss: 35.40
Target(s): 39.75
Current Gain/Loss: + 1.4%

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:
03/13/13: MWV displayed relative strength with a +1.1% gain and a new all-time high. More conservative traders may want to start inching up their stop loss.
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: 32.12 change: +0.02

Stop Loss: 31.45
Target(s): 34.85
Current Gain/Loss: + 1.8%

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:
03/13/13: It was another quiet day for shares of NDAQ, which almost closed unchanged on the session. The simple 20-dma has risen to $31.64. I am raising our stop loss to $31.45. More conservative traders might want to adjust their stop loss even higher. If you look at NDAQ's intraday chart you'll notice that the stock has been stuck inside the $31.90-32.40 zone for five days straight.

*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

03/13/13 new stop loss @ 31.45



Progressive Corp. - PGR - close: 25.00 change: +0.41

Stop Loss: 24.45
Target(s): 26.00
Current Gain/Loss: + 7.6%

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:
03/13/13: Shares of PGR rallied following its press release this morning. The company issued its February results that showed its net (insurance) premiums written were up +8% in February versus a year ago.

The stock initially spiked lower but found support at $24.60 and then vaulted higher. The breakout past round-number resistance at the $25.00 mark is definitely bullish. I am raising our stop loss to $24.45. Our exit target is $26.00 but more aggressive traders could aim higher.

current Position: Long PGR stock @ $23.52

03/13/13 new stop loss @ 24.45
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: 43.77 change: +0.01

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:
03/13/13: SFLY is virtually unchanged for Wednesday's session. Yet if you look closely enough you'll see that the stock failed at its simple 10-dma, which is now short-term, overhead resistance. Needless to say that is bearish. 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: 16.92 change: -0.08

Stop Loss: 17.35
Target(s): 15.50
Current Gain/Loss: + 7.3%

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:
03/13/13: APOL continues to hug the $17.00 level. There is no change from my prior comments. 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



Brunswick Corp - BC - close: 34.44 change: -0.06

Stop Loss: 35.30
Target(s): 30.30
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 12, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 786 thousand
New Positions: Yes, see below

Comments:
03/13/13: Shares of BC spent the day flirting with its simple 50-dma. There is no change from my prior comments.

I am suggesting a trigger to launch bearish positions at $33.90. If triggered our target is $30.30.

Trigger @ 33.90

Suggested Position: short BC stock @ (trigger)



Harris Corp. - HRS - close: 45.26 change: +0.33

Stop Loss: 46.65
Target(s): 40.50
Current Gain/Loss: + 0.1%

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:
03/13/13: I cautioned readers yesterday that we could see HRS deliver an oversold bounce back into the $45.50-46.00 zone. The bounce may not be over yet.

*Small Positions*

current Position: short HRS stock @ $45.30