Editor's Note:
The stock market's early morning strength faded and equities plunged midday only to rebound before the closing bell.


Current Portfolio:


BULLISH Play Updates

CSX Corp. - CSX - close: 23.89 change: -0.14

Stop Loss: 23.49
Target(s): 26.50
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 19, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.7 million
New Positions: Yes, see below

Comments:
03/25/13: CSX is still consolidating sideways between short-term resistance near $24.30 and short-term support at its 10-dma. The weakness in the transportation sector might be a warning signal today. If we see CSX close below $23.75 we might drop it as a bullish candidate. Currently our plan is to launch positions at $24.40.
FYI: The Point & Figure chart for CSX is bullish with a $34.50 target.

Trigger @ 24.40

Suggested Position: buy CSX stock @ (trigger)



iShares Japan Index - EWJ - close: 10.67 change: -0.10

Stop Loss: 10.18
Target(s): 11.40
Current Gain/Loss: + 2.2%

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: see below

Comments:
03/25/13: The oversold bounce in the yen could be having an effect on shares of EWJ. The yen is up three days in a row. The EWJ hit some profit taking today but have yet to test short-term support at the 10-dma. Look for additional support near $10.50 and $10.20 if the EWJ sees any significant selling pressure.

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

03/20/13 new stop loss @ 10.18



Hanesbrands Inc. - HBI - close: 43.88 change: +1.14

Stop Loss: 40.40
Target(s): 44.90
Current Gain/Loss: + 1.7%

Entry on March 22 at $43.14
Listed on March 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
03/25/13: Bullish analyst comments and a new $50 price target helped shares of HBI outperform today. The stock surged with a +2.6% gain and a new all-time, closing high. I am adjusting our exit target to $44.90. More aggressive traders could aim higher.

*Small Positions*

current Position: long HBI stock @ $43.14

03/25/13 adjust exit target to $44.90
03/23/13 new stop loss @ 40.40
03/22/13 triggered on gap open higher at $43.14, trigger was $42.25



Lithia Motors - LAD - close: 46.18 change: +0.30

Stop Loss: 44.45
Target(s): 49.90
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 23, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 242 thousand
New Positions: Yes, see below

Comments:
03/25/13: LAD managed to outperform the broader market with a +0.6% gain today. Yet the stock failed to breakout past its recent high. Our plan is to launch bullish positions when LAD hits $46.75.

Earlier Comments:
LAD now looks poised to break out higher again. The high on March 15h was $46.58. I am suggesting a trigger to launch small bullish positions at $46.75. If triggered our short-term target is $49.90. More aggressive traders may want to aim higher. FYI: The Point & Figure chart for LAD is bullish with a long-term $65 target.

Trigger @ 46.75 *Small Positions*

Suggested Position: buy LAD stock @ (trigger)



Mattel, Inc. - MAT - close: 43.51 change: +0.27

Stop Loss: 41.80
Target(s): 44.50
Current Gain/Loss: + 5.2%

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:
03/25/13: Shares of MAT continue to rally and the stock spiked toward $44.00 this morning. Traders bought the dip twice midday and MAT was on the rebound when the closing bell rung. I am raising our stop loss to $41.80. I am not suggesting new positions at this time.

Earlier Comments:
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

03/25/13 new stop loss at $41.80
03/23/13 new stop loss at $41.40, adjust exit target to $44.50
03/21/13 new stop loss at $40.95
03/20/13 new stop loss at $40.75



Plum Creek Timber Co. - PCL - close: 50.33 change: -0.15

Stop Loss: 49.40
Target(s): 54.50
Current Gain/Loss: -0.5%

Entry on March 25 at $--.--
Listed on March 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 732 thousand
New Positions: see below

Comments:
03/25/13: It was not the best day for PCL. Shares only lost 15 cents but the action today looks bearish. The stock opened at $50.56 and rallied toward $51.00 but reversed as the market turned lower. Shares gave back all their gains and more. It's possible this could be a short-term top. On a short-term basis I would expect PCL to dip toward support near $50.00 and its 10-dma. We can use a dip near $50.00 or better yet a bounce off the $50.00 mark as a new bullish entry point. Right now our stop loss is at $49.40. You might want to inch your stop closer to the $50 level.

*Small Positions*

Current Position: Long PCL stock @ $50.56

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

Long May $50 call (PCL1318E50) entry $1.40*

*option entry price is an estimate since the option did not trade at the time our play was opened.



Tesla Motors - TSLA - close: 37.53 change: +0.91

Stop Loss: 34.90
Target(s): 39.25
Current Gain/Loss: + 3.7%

Entry on March 21 at $36.20
Listed on March 19, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 2.2 million
New Positions: see below

Comments:
03/25/13: TSLA outperformed the market with a +2.4% gain on Monday. Shares were much higher intraday as the stock reacted to a tweet from company CEO Elon Musk, who said TSLA would have an "exciting" announcement later this week (possibly Thursday).

Much of the late day gains faded. I am not suggesting new positions at this time. Bear I mind that any really big news could spark some short covering.

Earlier Comments:
If shares can breakout past $40.00 it could really fly on a short squeeze. The most recent data listed short interest at 64% of the 72 million share float.

current Position: long TSLA stock @ $36.20



Waste Connections - WCN - close: 36.20 change: -0.21

Stop Loss: 35.40
Target(s): 39.50
Current Gain/Loss: -0.8%

Entry on March 25 at $36.50
Listed on March 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 566 thousand
New Positions: see below

Comments:
03/25/13: WCN gave back about half of Friday's gains with a 21-cent pullback on Monday. Broken resistance near $36.00 should be support. Traders could use a dip or a bounce near the $36.00 level as a new bullish entry point.

*Small Positions*

Current Position: Long WCN stock @ $36.50



BEARISH Play Updates

Brunswick Corp - BC - close: 33.78 change: -0.55

Stop Loss: 35.30
Target(s): 30.30
Current Gain/Loss: + 0.4%

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:
03/25/13: The stock market's widespread, early morning rally lifted shares of BC to technical resistance near its 20-dma and 50-dma. There the stock quickly reversed lower. Shares underperformed the market with a -1.6% decline on the session. Readers could use today's intraday reversal as a new bearish entry point.

Suggested Position: short BC stock @ $33.78

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



Garmin Ltd. - GRMN - close: 33.44 change: +0.19

Stop Loss: 35.05
Target(s): 30.25
Current Gain/Loss: +1.4%

Entry on March 20 at $33.93
Listed on March 19, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: see below

Comments:
03/25/13: GRMN only added 19 cents on Monday but the afternoon rebound looks worrisome if you're short the stock. I am concerned that we're going to see GRMN produce an oversold bounce back toward the $34.00 area or its 10-dma. I'm not suggesting new bearish positions at current levels.

current Position: short GRMN stock @ $33.93

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

Long Apr $33 PUT (GRMN1320P33) entry $0.39

03/23/13 new stop loss @ 34.60
Our April $33 put has almost doubled in value. Readers may want to take profits early right now.



Teck Resources - TCK - close: 28.07 change: -0.05

Stop Loss: 29.25
Target(s): 26.25
Current Gain/Loss: +3.2%

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:
03/25/13: TCK continues to churn sideways near the $28.00 level. I am not suggesting new positions at this time. If TCK does manage a bounce, look for short-term resistance near $29.00 and its 10-dma.

current Position: short TCK stock @ $29.00

03/19/13 new stop loss @ 29.25