Editor's Note:
The global equity markets stumbled on Monday morning in reaction to headlines that Cyprus might seize private deposits as part of a bailout.

GNW was stopped out. BC was triggered.

Please note that we do want to exit our APOL trade at the opening bell tomorrow.


Current Portfolio:


BULLISH Play Updates

Cray Inc. - CRAY - close: 20.90 change: +0.12

Stop Loss: 19.80
Target(s): 22.25
Current Gain/Loss: + 3.7%

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:
03/18/13: CRAY displayed some relative strength today. Traders bought the dip at its rising 10-dma and shares bounced to a +0.5% gain.

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

*Small Positions*

Current Position: long CRAY stock @ $20.15

03/16/13 new stop loss @ 19.80
03/13/13 new stop loss @ 19.65
03/04/13 triggered @ $20.15



iShares Japan Index - EWJ - close: 10.59 change: -0.05

Stop Loss: 9.90
Target(s): 11.40
Current Gain/Loss: + 1.4%

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:
03/18/13: The EWJ Japan iShares ETF held up very well today considering the -2.7% plunge in the NIKKEI on Monday. A rising yen hurts Japanese exports and the currency was on the rebound today.

More conservative traders might want to adjust their stop loss closer to the $10.20 level.

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



Hornbeck Offshore Services - HOS - close: 43.91 change: -0.72

Stop Loss: 43.40
Target(s): 49.50
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 14, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 539 thousand
New Positions: Yes, see below

Comments:
03/18/13: HOS dipped to its simple 10-dma and bounce. Unfortunately shares still underperformed the market with a -1.6% decline. If we do not see HOS recover quickly enough we'll drop it as a bullish candidate. Currently the plan is a trigger to launch bullish positions at $45.25. If triggered our target is $49.50. FYI: The Point & Figure chart for HOS is bullish with a long-term $71.00 target.

Trigger @ 45.25

Suggested Position: buy HOS stock @ (trigger)



Mattel, Inc. - MAT - close: 41.79 change: -0.35

Stop Loss: 40.40
Target(s): 44.85
Current Gain/Loss: + 1.1%

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:
03/18/13: MAT also dipped to short-term support at its simple 10-dma. Shares ended the session with a -0.8% decline. 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: 37.68 change: -0.02

Stop Loss: 35.95
Target(s): 39.25
Current Gain/Loss: + 2.8%

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:
03/18/13: MWV gapped open lower this morning but recovered to close almost unchanged on the session. I am not suggesting new positions at this time.
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

03/16/13 adjust exit target to $39.25.
03/14/13 new stop loss @ 35.95 and adjust exit target to $39.50



NASDAQ OMX Group - NDAQ - close: 32.31 change: -0.26

Stop Loss: 31.45
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:
03/18/13: The stock market's broad decline this morning pulled the NDAQ down to short-term support near $32.00. More conservative traders may want to consider adjusting their stops closer to the $32 level.

*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: 24.93 change: -0.20

Stop Loss: 24.45
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:
03/18/13: Shares of PGR were downgraded this morning. The combination of a downgrade and a weak open for the market could have proved tough for PGR. The stock gapped open lower and spiked down to $24.81 but quickly rebounded. I don't see any changes from my prior comments. More conservative investors might want to take profits now to lock in gains.

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



Xerox Corp. - XRX - close: 8.66 change: -0.05

Stop Loss: 8.49
Target(s): 9.90
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 9.8 million
New Positions: Yes, see below

Comments:
03/18/13: XRX endured the market's weakness today relatively well. The stock churned sideways and only suffered a minor decline.

I am suggesting a trigger to launch small bullish positions at $8.90. If triggered our target is $9.90.

NOTE: XRX will begin trading ex-dividend for its next dividend of 5.75 cents a share on March 26, 2013.

Trigger @ 8.90 *small positions*

Suggested Position: buy XRX stock @ (trigger)

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

buy the Jul $9.00 call (XRX13G9)



Yelp, Inc. - YELP - close: 24.50 change: -0.50

Stop Loss: 23.90
Target(s): 29.00
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: Yes, see below

Comments:
03/18/13: The widespread market sell-off helped push YELP toward short-term technical support at its rising 10-dma. More aggressive traders could buy this dip and use a tight stop loss.

We are suggesting a trigger to launch small bullish positions at $25.60. If triggered our target is $29.00.

Earlier Comments:
If YELP can break out again the stock could see a short squeeze. The most recent data listed short interest at 66% of the small 22.1 million share float. That's definitely a lot of fuel for a short squeeze.

Trigger @ 25.60 *Small Positions*

Suggested Position: buy YELP stock @ (trigger)

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

buy the Apr $26 call (YELP1320D26)



BEARISH Play Updates

Apollo Group Inc. - APOL - close: 17.04 change: +0.10

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:
03/18/13: We think it's time to exit our APOL trade. Relative strength in one of our bearish candidates is not a desirable quality. APOL produced a +0.59% gain today.

I am suggesting an immediate exit at the open tomorrow morning.

current Position: short APOL stock @ $18.25

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

(closed option position on Fri. March 15th)
Mar $18 PUT (APOL1316o18) entry $0.60 exit $1.22 (+103.3%)

03/18/13 prepare to exit tomorrow at the opening bell
03/15/13 closed the March $18 puts at the open
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: 33.99 change: -0.36

Stop Loss: 35.30
Target(s): 30.30
Current Gain/Loss: - 0.3%

Entry on March 18 at $33.78
Listed on March 12, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 786 thousand
New Positions: see below

Comments:
03/18/13: Our BC trade has been triggered. Unfortunately the stock gapped open lower at $33.78 this morning, bypassing our suggested entry point at $3.390. Thankfully the intraday bounce has started to fade. I would still consider new bearish positions at current levels.

Suggested Position: short BC stock @ $33.78

03/18/13 triggered on gap down at $33.78. Trigger was $33.90



Harris Corp. - HRS - close: 44.30 change: -0.06

Stop Loss: 46.05
Target(s): 40.50
Current Gain/Loss: + 2.2%

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:
03/18/13: HRS had some good news this morning after the U.S. Army raised the ceiling on one of its supply contracts to $500 million. The company's press release did not say what the prior ceiling was. The news did not stop HRS from posting another loss today.

*Small Positions*

current Position: short HRS stock @ $45.30

03/16/13 new stop loss @ 46.05



CLOSED BULLISH PLAYS

Genworth Financial - GNW - close: 10.44 change: -0.05

Stop Loss: 10.25
Target(s): 11.00
Current Gain/Loss: + 9.4%

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:
03/18/13: The market-wide sell-off this morning pushed GNW out of its narrow trading range. The stock gapped open lower at $10.24, almost dipped to the $10 level but bounced near its rising 10-dma and rebounded right back into its trading range.

The gap down this morning closed our trade since our stop was at $10.25.

closed Position: Long GNW stock @ $9.36 exit $10.24 (+9.4%)

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

(closed on Friday, March 15th at the open)
Apr $10 call (GNW1320d10) entry $0.48 exit $0.69 (+43.7%)

03/18/13 stopped out on gap down at $10.24
03/15/13 closed the April $10 calls at the open
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

chart: