Editor's Note:
Shares of Aetna Inc. (AET) hit our bullish exit target today.

SNTS was triggered. WCN was closed. GRMN was stopped out.


Current Portfolio:


BULLISH Play Updates

AmSurg Corp. - AMSG - close: 33.37 change: +0.37

Stop Loss: 32.25
Target(s): 36.75
Current Gain/Loss: +0.4%

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:
04/02/13: AMSG outperformed the market with a +1.1% gain today. Yet I wouldn't get too excited. Today's trading was inside of yesterday's range so technically it's an "inside day".

Our stop is at $32.25. More conservative traders may want to raise their stops.

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



CSX Corp. - CSX - close: 24.19 change: -0.01

Stop Loss: 23.85
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:
04/02/13: Many of the railroad stocks underperformed today. Shares of CSX saw its morning rally fail near $24.50 and the stock closed virtually unchanged on the session. The overall weakness in the transportation sector on Tuesday and the weakness in CSX's peers is a potential warning signal.

More conservative traders may want to exit early now. I am raising our stop loss up to $23.85.

Current Position: Long CSX stock @ $24.40

04/02/13 transport stocks and the rails look weak. Readers may want to exit early right now.
new stop loss @ 23.85



iShares Japan Index - EWJ - close: 10.51 change: +0.13

Stop Loss: 10.28
Target(s): 11.40
Current Gain/Loss: + 0.6%

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:
04/02/13: Thankfully there was no follow through on yesterday's painful gap down in the EWJ. Shares bounced with a +1.2% gain. I am not suggesting new positions at this time.

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



Lithia Motors - LAD - close: 47.31 change: +0.14

Stop Loss: 44.95
Target(s): 49.50
Current Gain/Loss: +1.2%

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:
04/02/13: Today's session looked a lot like yesterday's for LAD. The overall trend is still higher but shares are struggling with short-term resistance in the $47.60 area. 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

04/01/13 new stop loss @ 44.95
03/30/13 adjust exit to $49.50



Mattel, Inc. - MAT - close: 44.02 change: +0.47

Stop Loss: 42.85
Target(s): 44.50
Current Gain/Loss: + 6.5%

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:
04/02/13: MAT displayed relative strength today with a +1.0% gain and a bullish breakout past resistance near $44.00. This is a new 13-year high for the stock. Our target is $44.50. I am raising the stop loss to $42.85.

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

04/02/13 new stop loss at $42.85
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



Plum Creek Timber Co. - PCL - close: 51.99 change: +0.21

Stop Loss: 49.90
Target(s): 54.50
Current Gain/Loss: +2.8%

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:
04/02/13: PCL spent much of Tuesday's session chopping sideways. The stock did manage a +0.4% gain. I am not suggesting new positions at this time.

*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.



Santarus, Inc. - SNTS - close: 17.79 change: -0.10

Stop Loss: 17.25
Target(s): 19.90
Current Gain/Loss: - 1.7%

Entry on April 02 at $18.10
Listed on April 01, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
04/02/13: SNTS gapped open higher above resistance at the $18.00 mark. Shares opened at $18.07 and hit $18.29 before reversing lower. Our trigger to open small bullish positions was hit at $18.10. Unfortunately today's move is potentially a bull trap pattern.

Nimble traders could try and buy a dip near short-term technical support at the 10-dma (currently $17.45). Otherwise I would probably wait for a new rally above $18.15 before initiating new positions.

Earlier Comments:
I do consider this a higher-risk, more aggressive trade. Investors will want to keep their position size small.

FYI: SNTS will host an investor and analyst day on April 11th.

*Small Positions*

current Position: Long SNTS stock @ $18.10



Synaptics Inc. - SYNA - close: 39.92 change: +0.42

Stop Loss: 38.70
Target(s): 44.50
Current Gain/Loss: - 0.8%

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:
04/02/13: There was no follow through on yesterday's bearish reversal lower in SYNA. Traders bought the dip at its 10-dma. I remain cautious here. I am not suggesting new positions at this time.

Earlier Comments:
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



BEARISH Play Updates

Brunswick Corp - BC - close: 32.20 change: -0.80

Stop Loss: 34.75
Target(s): 30.30
Current Gain/Loss: + 5.0%

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:
04/02/13: The breakdown in BC continues with a -2.4% decline on Tuesday. Shares are nearing what might be short-term support near $32.00. More conservative traders may want to take profits soon. The newsletter is aiming for $30.30.

Suggested Position: short BC stock @ $33.78

04/01/13 new stop loss @ 34.75
03/18/13 triggered on gap down at $33.78. Trigger was $33.90



Teck Resources - TCK - close: 27.41 change: -0.42

Stop Loss: 29.25
Target(s): 26.25
Current Gain/Loss: +5.5%

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:
04/02/13: The weakness in TCK continues with a -1.5% decline. Shares look poised to breakdown below their mid-March low. I am not suggesting new positions at current levels.

current Position: short TCK stock @ $29.00

03/19/13 new stop loss @ 29.25



W&T Offshore Inc. - WTI - close: 13.44 change: -0.17

Stop Loss: 14.65
Target(s): 12.15
Current Gain/Loss: + 3.0%

Entry on April 01 at $13.85
Listed on March 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 696 thousand
New Positions: see below

Comments:
04/02/13: WTI spiked down to $13.18 intraday before paring its losses. If WTI does manage a bounce we can look for new resistance near $14.00.

Earlier Comments:
Our initial target is $12.15. More aggressive traders could aim lower. FYI: The Point & Figure chart for WTI is bearish with a $9.50 target.

current Position: short WTI stock @ $13.85



CLOSED BULLISH PLAYS

Aetna Inc. - AET - close: 54.30 change: +1.92

Stop Loss: 49.90
Target(s): 54.85
Current Gain/Loss: + 7.4%

Entry on April 01 at $51.25
Listed on March 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.0 million
New Positions: see below

Comments:
04/02/13: Target exceeded.

Bullish analyst comments this morning on some of the health insurance stocks, like AET, kept the rally going. Shares of AET gapped open higher at $55.02. That was above our exit target or $54.85.

closed Position: Long AET stock @ $51.25 exit $55.02 (+7.4%)

04/02/13 target exceeded. AET gapped open above our exit target.

chart:


Waste Connections - WCN - close: 35.65 change: -0.01

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:
04/02/13: We were lucky with our WCN exit. Last night we decided to close WCN today, at the opening bell. This morning before the open WCN garnered some bullish analyst comments and the stock gapped open higher at $36.22. The rally failed and shares closed virtually unchanged on the session but we were able to mitigate some of our losses with the opening pop.

*Small Positions*

closed Position: Long WCN stock @ $36.50 exit $36.22 (-0.8%)

04/02/13 closed at the opening bell
04/01/13 prepare to exit tomorrow at the opening bell.

chart:



CLOSED BEARISH PLAYS

Garmin Ltd. - GRMN - close: 34.25 change: +1.65

Stop Loss: 34.15
Target(s): 30.25
Current Gain/Loss: -0.6%

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:
04/02/13: Our GRMN trade has been stopped out at $34.15. This morning GRMN announced that it has been selected by Mercedes-Benz to provide the In-Dash Navigation for future models.

The stock appeared to see a little short squeeze this morning and hit $34.53 at its best levels of the session (+5.9% intraday).

Days like today can make it frustrating to play options. Our option trade went from +138.4% to -43.5%.

closed Position: short GRMN stock @ $33.93 exit $34.15 (-0.6%)

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

Apr $33 PUT (GRMN1320P33) entry $0.39 exit $0.22 (-43.5%)

04/02/13 stopped out
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: