Editor's Note:
The U.S. market drifted higher on Tuesday but the small caps underperformed. That could be warning signal.

Our new TJX trade has been triggered.


Current Portfolio:


BULLISH Play Updates

iShares Japan Index - EWJ - close: 10.98 change: -0.09

Stop Loss: 10.47
Target(s): 11.40
Current Gain/Loss: + 5.2%

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:
04/09/13: The Japanese NIKKEI index pulled back from its intraday highs to close unchanged. That may have sparked some profit taking in the EWJ this morning, which gapped open lower. The ETF settled with a -0.8% decline after surging to new 52-week highs yesterday. 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

04/08/13 new stop loss @ 10.47
04/04/13 new stop loss @ 10.35
03/30/13 new stop loss @ 10.28
03/20/13 new stop loss @ 10.18



Gulfport Energy - GPOR - close: 48.21 change: +0.49

Stop Loss: 44.70
Target(s): 52.50
Current Gain/Loss: + 1.8%

Entry on April 08 at $47.35
Listed on April 06, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.4 million
New Positions: see below

Comments:
04/09/13: It was an up day for energy stocks and GPOR managed to gain +1.0% to set another new record high. There is no change from my prior comments.

Our target is $52.50, but investors should note that the $50.00 level might be overhead, round-number resistance. FYI: The Point & Figure chart for GPOR is bullish with a long-term $70.00 target.

current Position: Long GPOR stock @ $47.35



Plum Creek Timber Co. - PCL - close: 51.48 change: -0.40

Stop Loss: 49.90
Target(s): 54.50
Current Gain/Loss: +1.8%

Entry on March 25 at $50.56
Listed on March 23, 2013
Time Frame: Exit prior to earnings on April 29th
Average Daily Volume = 732 thousand
New Positions: see below

Comments:
04/09/13: PCL spiked higher at the open but the gains didn't last. Shares quickly reversed and eventually gave back above two thirds of yesterday's gain. The trend of higher lows remains in place for now. Readers may want to start adjusting their stop loss higher.

*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.



Starz - STRZA - close: 21.32 change: +0.02

Stop Loss: 19.95
Target(s): 24.50
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 06, 2013
Time Frame: exit PRIOR to earnings on May 9th
Average Daily Volume = 1.6 million
New Positions: Yes, see below

Comments:
04/09/13: STRZA rallied intraday but failed near short-term resistance at $21.50. The actual high was $21.49 so our trade is not open yet. I am adjusting our entry trigger from $21.50 to $21.55.

Trigger @ 21.55 *Small Positions*

Suggested Position: buy STRZA stock @ (trigger)

04/09/13 adjust entry trigger from $21.50 to $21.55



The TJX Companies - TJX - close: 47.66 change: +0.21

Stop Loss: 46.45
Target(s): 52.00
Current Gain/Loss: - 0.2%

Entry on April 09 at $47.75
Listed on April 08, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.7 million
New Positions: see below

Comments:
04/09/13: TJX displayed some volatility in today's session. The initial rally reversed but traders bought the dip ear $46.81 and TJX reversed again to hit new all-time highs. Our trigger to launch bullish positions was hit at $47.75.

Earlier Comments:
If triggered our target is $52.00. However, there is a risk that the $50.00 mark could be round-number resistance.

Suggested Position: Long TJX stock @ $47.75



BEARISH Play Updates

Akamai Technologies - AKAM - close: 34.49 change: +0.31

Stop Loss: 35.05
Target(s): 30.15
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 04, 2013
Time Frame: Exit prior to earnings on April 24th
Average Daily Volume = 3.9 million
New Positions: Yes, see below

Comments:
04/09/13: The oversold bounce in AKAM has reached three days in a row. Yet the rebound stalled near short-term technical resistance at its 10-dma and 20-dma today. We're not giving up just yet.

Earlier Comments:
I am suggesting a trigger to launch bearish positions at $33.45. If triggered our target is $30.15. More aggressive traders could aim lower. The Point & Figure chart for AKAM is bearish with a $25.00 target.

Note: because of AKAM's high short interest you might want to trade the put option instead where you can limit your risk to the initial cost of the option.

Trigger @ 33.45

Suggested Position: short AKAM stock @ (trigger)

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

buy the May $30 PUT (AKAM1318Q30)



Brunswick Corp - BC - close: 32.57 change: -0.35

Stop Loss: 34.25
Target(s): 30.30
Current Gain/Loss: + 3.9%

Entry on March 18 at $33.78
Listed on March 12, 2013
Time Frame: Exit PRIOR to earnings on April 25th
Average Daily Volume = 786 thousand
New Positions: see below

Comments:
04/09/13: The bounce in BC stumbled today after the stock was downgraded. Shares lost -1.0%. I am not suggesting new positions at this time.

Suggested Position: short BC stock @ $33.78

04/03/13 new stop loss @ 34.25
04/01/13 new stop loss @ 34.75
03/18/13 triggered on gap down at $33.78. Trigger was $33.90



Cabot Microelectronics - CCMP - close: 32.95 change: -0.28

Stop Loss: 34.05
Target(s): 30.25
Current Gain/Loss: -0.8%

Entry on April 03 at $32.69
Listed on April 02, 2013
Time Frame: exit PRIOR to earnings on April 25th
Average Daily Volume = 104 thousand
New Positions: see below

Comments:
04/09/13: CCMP underperformed its peers in the semiconductor sector today. Shares tried to rally but settled with a -0.8% decline. A drop below $32.40 could be used as an alternative entry point for bearish positions.

Earlier Comments:
We want to keep our position size small. We want to limit our risk because CCMP is arguably already short-term oversold. Of course it can get a lot more oversold. We are using somewhat of a wide stop loss at $34.05. Our target is $30.25.

*Small Positions*

current Position: short CCMP stock @ $32.69



W&T Offshore Inc. - WTI - close: 13.46 change: +0.14

Stop Loss: 14.25
Target(s): 12.15
Current Gain/Loss: + 2.8%

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:
04/09/13: Thus far there have been no real surprises with WTI. We expected an oversold bounce and the stock is now up three days in a row. The rebound did seem to stall at short-term technical resistance near its simple 10-dma today. I am not suggesting new positions.

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

04/06/13 readers may want to exit now to lock in gains. WTI looks poised for an oversold bounce
04/03/13 new stop loss @ 14.25