Editor's Note:
The stock market's major indices appeared to be accelerating higher toward the closing bell.

Be careful here. Equity strength could be a reflection of end of quarter window dressing, which means stocks could see some "undressing" next week.


Current Portfolio:


BULLISH Play Updates

AmSurg Corp. - AMSG - close: 33.32 change: +0.12

Stop Loss: 31.85
Target(s): 36.75
Current Gain/Loss: +0.3%

Entry on March 26 at $33.23
Listed on March 25, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 218 thousand
New Positions: see below

Comments:
03/26/13: It was a rocky day for shares of AMSG. The early morning gains faded but traders bought the dip this afternoon and AMSG was in rally mode headed toward the closing bell. I would still consider new bullish positions now at current levels. More conservative traders might want to wait for a rally past today's high (33.55) as their entry point.

The Point & Figure chart for AMSG is bullish with a long-term $50.00 target.

Current Position: Long AMSG stock @ $33.23



CSX Corp. - CSX - close: 24.14 change: +0.25

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:
03/26/13: The sideways consolidation inside shares of CSX seems to be narrowing. That would suggest the stock is poised to breakout, one way or the other, pretty soon.

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: 10.77 change: +0.10

Stop Loss: 10.18
Target(s): 11.40
Current Gain/Loss: + 3.2%

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:
03/26/13: The EWJ managed to erase yesterday's 10-cent decline. The stock closed near its high for the day, which should be a bullish signal for tomorrow morning. I am not suggesting new positions at current levels.

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: 44.10 change: +0.22

Stop Loss: 40.40
Target(s): 44.90
Current Gain/Loss: + 2.2%

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:
03/26/13: The early morning rally in HBI today stalled. There appears to be someone selling stock in the $44.15 area. This level was a lid on HBI's rally all day long today. The drift sideways was very narrow and HBI looks poised to move 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: 46.37 change: +0.19

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:
03/26/13: LAD just barely hit a new all-time high today. Yet the stock has not tagged our suggested entry point at $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: 43.56 change: +0.05

Stop Loss: 41.80
Target(s): 44.50
Current Gain/Loss: + 5.3%

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:
03/26/13: Tuesday proved to be a quiet session for shares of MAT. The stock drifted sideways. 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: 51.10 change: +0.77

Stop Loss: 49.40
Target(s): 54.50
Current Gain/Loss: +1.1%

Entry on March 25 at $50.56
Listed on March 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 732 thousand
New Positions: see below

Comments:
03/26/13: PCL displayed relative strength today with a +1.5% gain and a new multi-year closing high. 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: 37.86 change: +0.33

Stop Loss: 34.90
Target(s): 39.25
Current Gain/Loss: + 4.6%

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:
03/26/13: TSLA gapped open higher this morning but the rally ran out of steam. Shares moved sideways the rest of the session. Much of the headlines today was focused on yesterday's news regarding TSLA's upcoming "big announcement" scheduled for Thursday. No one knows that the company plans to announce.

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: 36.02 change: -0.18

Stop Loss: 35.40
Target(s): 39.50
Current Gain/Loss: -1.3%

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:
03/26/13: After breaking out past resistance on Friday shares of WCN have been down two days in a row. The stock tested short-term technical support at its simple 10-dma today. I would use a bounce from current levels as a new bullish entry point.

*Small Positions*

Current Position: Long WCN stock @ $36.50



BEARISH Play Updates

Brunswick Corp - BC - close: 34.25 change: +0.47

Stop Loss: 35.30
Target(s): 30.30
Current Gain/Loss: - 1.0%

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:
03/26/13: BC recouped almost all of yesterday's decline with a +1.39% gain today. Lack of follow through on yesterday's bearish reversal is disappointing. Look for resistance in the $35.00-35.25 area. I am not suggesting new positions at this time.

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: 33.29 change: -0.15

Stop Loss: 35.05
Target(s): 30.25
Current Gain/Loss: +1.9%

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:
03/26/13: Tuesday was a quiet session for shares of GRMN. The stock churned sideways and eventually posted a minor decline. 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: 28.54 change: +0.47

Stop Loss: 29.25
Target(s): 26.25
Current Gain/Loss: +1.6%

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:
03/26/13: Ouch! TCK cut our unrealized gains in half with a +1.6% bounce. The stock is poised to test short-term, technical resistance at the simple 10-dma near $28.70 soon. Above that the $29.00 level should offer a little resistance. I am not suggesting new positions at this time.

current Position: short TCK stock @ $29.00

03/19/13 new stop loss @ 29.25