Editor's Note:
The U.S. stock market continues to post gains. The Dow Jones Industrial Average is up ten sessions in a row.

Please note that I am suggesting we exit our SFLY positions tomorrow and close our APOL puts and GNW calls at the open tomorrow.


Current Portfolio:


BULLISH Play Updates

Activision/Blizzard Inc. - ATVI - close: 14.98 change: +0.12

Stop Loss: 14.49
Target(s): 16.75
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 13, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 10.3 million
New Positions: Yes, see below

Comments:
03/14/13: News that video games sales across U.S. retail stores were down -27% in February failed to have much impact on shares of ATVI. Although it's possible this data came out after the closing bell tonight and we could see a reaction tomorrow. ATVI did try to breakout past resistance at $15.00 today but it didn't make it very far. Currently the plan is to launch small bullish positions if ATVI can trade at $15.15 or higher.
FYI: The Point & Figure chart for ATVI is bullish with a long-term $24.50 target.

Trigger @ 15.15 *Small Positions*

Suggested Position: buy ATVI stock @ (trigger)



Cray Inc. - CRAY - close: 21.06 change: +0.35

Stop Loss: 19.65
Target(s): 22.25
Current Gain/Loss: + 4.5%

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:
03/14/13: The rally in CRAY continues with a bullish breakout to new multi-year highs. I would not chase it here. More conservative investors might want to adjust their stop loss so it's closer to the $20.00 mark.

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: 10.54 change: +0.06

Stop Loss: 9.90
Target(s): 11.40
Current Gain/Loss: + 1.0%

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:
03/14/13: The EWJ Japan ETF tagged a new 52-week high today. I don't see any changes from my prior comments.

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: 10.50 change: -0.01

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:
03/14/13: GNW continues to drift sideways and closed virtually unchanged on the session. We're aiming for $11.00 but readers may want to take profits now. Please note our new stop loss at $10.33. I am also suggesting that we go ahead and exit from our April $10 call position to lock in gains. The call currently has a bid/ask spread of $0.76/0.78. Plan to exit the call at the open tomorrow.

current Position: Long GNW stock @ $9.36

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

Long Apr $10 call (GNW1320d10) entry $0.48

03/14/13 new stop loss @ 10.33 and prepare to exit our April $10 call position at the open tomorrow
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: 42.30 change: +0.38

Stop Loss: 40.40
Target(s): 44.85
Current Gain/Loss: + 2.3%

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:
03/14/13: MAT is actually climbing a lot faster than we expected. Shares added another +0.9% today and closed at another new multi-year high. I am not suggesting new positions at this time.

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: 37.63 change: +0.45

Stop Loss: 35.95
Target(s): 39.75
Current Gain/Loss: + 2.7%

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:
03/14/13: MWV is also extending its gains. Shares added +1.2% to outperform the market today. The stock is starting to look short-term overbought again. I am not suggesting new positions at current levels. Please note that we are adjusting the exit target down to $39.50. I am also moving the stop loss to $35.95.
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

03/14/13 new stop loss @ 35.95 and adjust exit target to $39.50



NASDAQ OMX Group - NDAQ - close: 32.60 change: +0.48

Stop Loss: 31.45
Target(s): 34.85
Current Gain/Loss: + 3.3%

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:
03/14/13: NDAQ surged higher in the first hour of trading and spent the rest of the day moving sideways. Shares did manage to outperform the market's major indices with a +1.49% gain. Today is a bullish breakout from the recent trading range.

*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: 25.38 change: +0.07

Stop Loss: 24.45
Target(s): 26.00
Current Gain/Loss: + 7.9%

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:
03/14/13: PGR spiked down this morning thanks to an analyst downgrade. Yet traders bought the dip at the $25.00 mark and share recovered to close at another new relative high.

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: 43.82 change: +0.05

Stop Loss: 42.75
Target(s): 48.50
Current Gain/Loss: + 1.3%

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:
03/14/13: The last few days have seen the market's major indices push their way to new highs. Yet shares of SFLY have been stuck churning sideways in a very narrow range near the $44.00 level. This stock's lack of participation in the rally is a warning sign. I am suggesting we abandon ship immediately at the open tomorrow.

*Small Positions*

current Position: long SFLY stock @ $43.25

03/14/13 prepare to exit at the open tomorrow
03/11/13 new stop loss @ 42.75
03/05/13 new stop loss @ 41.85



BEARISH Play Updates

Apollo Group Inc. - APOL - close: 16.75 change: -0.17

Stop Loss: 17.35
Target(s): 15.50
Current Gain/Loss: + 8.2%

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:
03/14/13: Hmm... it looks like the oversold bounce in APOL may be running out of steam. The stock is starting to retreat lower again and underperformed the market with a -1.0% decline.

ATTENTION: We need to exit our March $18 puts tomorrow. I am suggesting we close these at the open tomorrow morning. The current bid/ask is at $1.22/1.29.

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

current Position: short APOL stock @ $18.25

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

Long Mar $18 PUT (APOL1316o18) entry $0.60

03/14/13 prepare to exit our March $18 puts at the open tomorrow morning
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: 34.82 change: +0.38

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:
03/14/13: BC managed a decent bounce off its simple 50-dma but the stock continues to look vulnerable. There is no change from my earlier 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: 44.89 change: -0.37

Stop Loss: 46.65
Target(s): 40.50
Current Gain/Loss: + 0.9%

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:
03/14/13: Shares of HRS gapped open higher but quickly reversed. Today's move looks like a bearish engulfing candlestick reversal pattern. I would consider new positions at current levels. More conservative traders might want to adjust their stop loss lower.

*Small Positions*

current Position: short HRS stock @ $45.30