Editor's Note:
The market's upward momentum is being called into question with a third daily decline in a row.

We have removed HOS and closed APOL. NDAQ and HRS were stopped out. TCK was triggered.


Current Portfolio:


BULLISH Play Updates

Cray Inc. - CRAY - close: 21.50 change: +0.60

Stop Loss: 19.80
Target(s): 22.25
Current Gain/Loss: + 6.7%

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:
03/19/13: CRAY rallied +2.8% to hit new highs on news that the company landed a +32 million contract to upgrade the super computer at the Swiss National Supercomputing Center.

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: 10.65 change: +0.06

Stop Loss: 9.90
Target(s): 11.40
Current Gain/Loss: + 2.0%

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:
03/19/13: After yesterday's drop in the NIKKEI the Japanese market's bounced with a +2.0% gain. The EWJ merely inched higher with a +0.5% gain but it did close at a new 52-week high.

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



Mattel, Inc. - MAT - close: 41.81 change: +0.02

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:
03/19/13: MAT flirted with a breakdown below it simple 10-dma but in the end actually posted a very minor gain. 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: 37.86 change: +0.18

Stop Loss: 35.95
Target(s): 39.25
Current Gain/Loss: + 3.3%

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:
03/19/13: MWV continues to show relative strength. The stock rebounded off its intraday lows and shares closed at a new all-time high. Readers may want to start adjusting their stop loss higher.
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



Progressive Corp. - PGR - close: 24.94 change: +0.01

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:
03/19/13: Tuesday was a quiet session for shares of PGR. The stock recovered from its intraday lows to close almost unchanged on the day. 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: 8.62 change: -0.04

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:
03/19/13: XRX is still churning sideways inside its recent range.

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: 24.28 change: -0.22

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:
03/19/13: YELP underperformed with a -0.89% decline as it drifted lower toward the $24.00 level.

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

Brunswick Corp - BC - close: 33.95 change: -0.04

Stop Loss: 35.30
Target(s): 30.30
Current Gain/Loss: - 0.1%

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:
03/19/13: BC tagged new relative lows before paring its losses. The stock closed almost unchanged on the session. Unfortunately we need to be cautious here. If you look at an intraday chart of today's session you'll notice that BC bounced twice near $33.40 today. That could be a very short-term bullish double bottom. I would not be surprised to see BC rebound back toward new technical resistance at the 10-dma near $34.75.

Suggested Position: short BC stock @ $33.78

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



Teck Resources - TCK - close: 27.69 change: -1.49

Stop Loss: 29.25
Target(s): 26.25
Current Gain/Loss: +4.5%

Entry on March 19 at $29.00
Listed on March 18, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.0 million
New Positions: see below

Comments:
03/19/13: Our new trade on TCK is off to a strong start. Shares opened at $29.11 and quickly hit our entry trigger at $29.00. Shares fell to $27.30 intraday (-6.4% for the session) before trimming its losses to -5.1%. I couldn't find any specific news behind TCK's relative weakness today. We were expecting the breakdown but I was not expecting the 6.59 million shares of volume today. TCK normally sees about 2.0 million shares a day. The big volume breakdown is definitely bearish. I am lowering our stop loss to $29.25.

current Position: short TCK stock @ $29.00

03/19/13 new stop loss @ 29.25



CLOSED BULLISH PLAYS

Hornbeck Offshore Services - HOS - close: 43.31 change: -0.60

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: see below

Comments:
03/19/13: HOS continues to underperform. The energy sector has struggled this week following bearish comments out of SLB yesterday. HOS did manage a bounce off its simple 30-dma. Aggressive traders could buy this bounce and use a tight stop under today's low. The newsletter is actually removing HOS as a candidate. Our trigger at $45.25 has not been hit.

Trade did not open.

03/19/13 removed HOS from the newsletter.

chart:



NASDAQ OMX Group - NDAQ - close: 31.99 change: -0.32

Stop Loss: 31.45
Target(s): 34.85
Current Gain/Loss: - 0.3%

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:
03/19/13: NDAQ displayed relative weakness on Tuesday with a -0.99% decline. Shares fell to an intraday low of $31.43. It just so happens that our stop loss was at $31.45. The trade is closed.

*Small Positions*

closed Position: long NDAQ stock @ $31.55 exit $31.45 (-0.3%)

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

Apr $33 call (NDAQ1320d33) entry $0.95 exit $0.30 (-68.4%)

03/19/13 stopped out
03/13/13 new stop loss @ 31.45

chart:



CLOSED BEARISH PLAYS

Apollo Group Inc. - APOL - close: 16.86 change: -0.18

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:
03/19/13: Last night we decided it was time to close our APOL trade. The plan was to exit at the open today. Shares opened at $17.04.

closed Position: short APOL stock @ $18.25 exit $17.04 (+6.6%)

- (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%)

03/19/13 closed stock position at the open
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

chart:



Harris Corp. - HRS - close: 44.61 change: +0.31

Stop Loss: 46.05
Target(s): 40.50
Current Gain/Loss: - 1.7%

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:
03/19/13: Some unexpected volatility in shares of HRS has closed our trade. The average volume for HRS is almost one million shares a day. It seems odd that HRS would tick higher from $44.47 to $46.11 without any news. At first a thought it was just a bad tick. Yet looking at an intraday chart HRS actually ticked higher (about five ticks) to trade above $46 and then ticked back down just as fast. Our stop loss was hit at $46.05.

*Small Positions*

closed Position: short HRS stock @ $45.30 exit $46.05 (-1.7%)

03/19/13 stopped out
03/16/13 new stop loss @ 46.05

chart: