Editor's Note:
On Thursday we closed our HBI trade on a high note.

Our SYNA trade was triggered on Thursday.


Current Portfolio:


BULLISH Play Updates

AmSurg Corp. - AMSG - close: 33.64 change: +0.36

Stop Loss: 32.25
Target(s): 36.75
Current Gain/Loss: +1.2%

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:
03/30/13: AMSG ended the quarter on an up note and closed at new all-time highs. After consolidating sideways for a week and a half AMSG looks poised to begin a new leg higher. I am raising our stop loss to $32.25.

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

Current Position: Long AMSG stock @ $33.23

03/30/13 new stop loss @ 32.25

chart:



CSX Corp. - CSX - close: 24.63 change: +0.28

Stop Loss: 23.49
Target(s): 26.50
Current Gain/Loss: + 0.9%

Entry on March 27 at $24.40
Listed on March 19, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.7 million
New Positions: see below

Comments:
03/30/13: The transportation sector was showing relative strength on Thursday and the railroad stocks were leading the way. CSX continued to rally and added +1.1% to close at new 52-week highs.
FYI: The Point & Figure chart for CSX is bullish with a $34.50 target.

Current Position: Long CSX stock @ $24.40

chart:



iShares Japan Index - EWJ - close: 10.80 change: -0.02

Stop Loss: 10.28
Target(s): 11.40
Current Gain/Loss: + 3.4%

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:
03/30/13: The EWJ gapped open lower on Thursday morning but managed to pare its losses by the closing bell. The trend remains higher and so far traders have been buying the dips near the EWJ's rising 10-dma. I am raising our stop loss to $10.28.

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

03/30/13 new stop loss @ 10.28
03/20/13 new stop loss @ 10.18

chart:



Lithia Motors - LAD - close: 47.48 change: +0.35

Stop Loss: 44.45
Target(s): 49.50
Current Gain/Loss: +1.6%

Entry on March 27 at $46.75
Listed on March 23, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 242 thousand
New Positions: see below

Comments:
03/30/13: The market's widespread rally helped push LAD to another new all-time high. Please note that I am adjusting our exit target down to $49.50. I am not suggesting new positions at this time.

Earlier Comments:
FYI: The Point & Figure chart for LAD is bullish with a long-term $65 target.

*Small Positions*

Current Position: Long LAD stock @ $46.75

03/30/13 adjust exit to $49.50

chart:



Mattel, Inc. - MAT - close: 43.77 change: +0.42

Stop Loss: 42.40
Target(s): 44.50
Current Gain/Loss: + 5.9%

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:
03/30/13: MAT managed to outperform the major indices on Thursday with a +0.9% gain. The stock looks poised to breakout past short-term resistance at $44.00 soon. I am raising our stop loss to $42.40. I am not suggesting new positions at this time.

More conservative traders may want to take profits right now.

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

03/30/13 new stop loss at $42.40
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

chart:



Plum Creek Timber Co. - PCL - close: 52.20 change: +0.60

Stop Loss: 49.90
Target(s): 54.50
Current Gain/Loss: +3.2%

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:
03/30/13: PCL is accelerating higher with a +1.1% gain on Thursday. This is a new multi-year high for the stock. PCL is arguably short-term overbought and might be due for a pullback. I am not suggesting new positions at this time. We will adjust our stop loss to $49.90.

*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*

03/30/13 new stop loss @ 49.90
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:



Synaptics Inc. - SYNA - close: 40.69 change: +0.70

Stop Loss: 38.70
Target(s): 44.50
Current Gain/Loss: + 1.1%

Entry on March 28 at $40.25
Listed on March 27, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 643 thousand
New Positions: see below

Comments:
03/30/13: Our new play on SYNA has been triggered. The stock has broken through round-number, psychological resistance at the $40.00 level to hit new all-time highs on an intraday basis. Our trigger was hit at $40.25.

Our target is $44.50. More aggressive traders could aim a lot higher. The Point & Figure chart for SYNA is bullish with a long-term $72.00 target.

current Position: Long SYNA stock @ $40.25

chart:



Tesla Motors - TSLA - close: 37.89 change: -0.27

Stop Loss: 34.90
Target(s): 39.25
Current Gain/Loss: + 4.7%

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:
03/30/13: TSLA underperformed the market on Thursday with a -0.7% decline. Technically Thursday's session has created a bearish engulfing candlestick reversal pattern. The stock's weakness may have been a sign of disappointment that TSLA's big announcement has been postponed to Tuesday this coming week. I am not suggesting new positions.

Our target is $39.25 but more aggressive traders may want to aim a lot higher.

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

chart:



Waste Connections - WCN - close: 35.98 change: -0.02

Stop Loss: 35.40
Target(s): 39.50
Current Gain/Loss: -1.4%

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:
03/30/13: It was a disappointing week for WCN. After breaking out past resistance near $36.00 on March 22nd, there was no follow through and WCN drifted lower. Traders did buy the dip on Thursday morning but WCN closed below $36.00. I would be cautious here. Readers may want to wait for a rise past $36.25 before considering new bullish positions.

*Small Positions*

Current Position: Long WCN stock @ $36.50

chart:



BEARISH Play Updates

Brunswick Corp - BC - close: 34.22 change: +0.17

Stop Loss: 35.30
Target(s): 30.30
Current Gain/Loss: - 0.9%

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:
03/30/13: BC recovered most of Wednesday's loss with a 17-cent bounce on Thursday. The consolidation in this stock is narrowing, which would suggest a breakout one way or the other soon. Readers may want to play it safe and wait for a drop below the March low of $33.36 before initiating new bearish positions.

Suggested Position: short BC stock @ $33.78

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

chart:



Garmin Ltd. - GRMN - close: 33.05 change: +0.08

Stop Loss: 34.15
Target(s): 30.25
Current Gain/Loss: +2.6%

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:
03/30/13: GRMN managed a +0.2% bounce on Thursday but overall the stock continues to underperform the broader market. I am lowering our stop loss down to $34.15. 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

03/30/13 new stop loss @ 34.15
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.

chart:



Teck Resources - TCK - close: 28.16 change: -0.14

Stop Loss: 29.25
Target(s): 26.25
Current Gain/Loss: +2.9%

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:
03/30/13: TCK has been drifting sideways for more than a week. The bounce attempt failed near its 10-dma a couple of days ago. The overall trend still appears to be down. I am not suggesting new positions at current levels.

current Position: short TCK stock @ $29.00

03/19/13 new stop loss @ 29.25

chart:



CLOSED BULLISH PLAYS

Hanesbrands Inc. - HBI - close: 45.56 change: +0.74

Stop Loss: 40.40
Target(s): 44.90
Current Gain/Loss: + 4.2%

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:
03/30/13: We had been aiming for $44.90 but HBI was close enough to our exit target we adjusted our plan to exit on Thursday morning at the opening bell. Fortunately for us shares of HBI gapped open higher at $44.96. The stock continued to rally and broke through the $45.00 level to close up another +1.65%.

*Small Positions*

closed Position: long HBI stock @ $43.14 exit $44.96 (+4.2%)

03/28/13 closed at the opening bell
03/27/13 prepare to exit at the opening bell tomorrow
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

chart: