Editor's Note:
Concerns over a slowdown in global growth sparked a widespread market decline on Monday.

I have removed MAR. PCL was stopped out. CSC was triggered.


Current Portfolio:


BULLISH Play Updates

Starz - STRZA - close: 21.78 change: -0.27

Stop Loss: 20.65
Target(s): 24.50
Current Gain/Loss: +0.1%

Entry on April 10 at $21.75
Listed on April 06, 2013
Time Frame: exit PRIOR to earnings on May 9th
Average Daily Volume = 1.6 million
New Positions: see below

Comments:
04/15/13: STRZA endured the market's pullback today relatively well. Shares lost -1.2% and essentially erased Friday's bounce. There is still short-term support near $21.50. If that level fails then look for a drop toward the simple 30-dma near $20.95.

*Small Positions*

current Position: Long STRZA stock @ $21.75

04/13/13 new stop loss @ 20.65
04/10/13 trade opened on gap higher at $21.75
04/09/13 adjust entry trigger from $21.50 to $21.55



The TJX Companies - TJX - close: 47.55 change: -1.03

Stop Loss: 46.45
Target(s): 52.00
Current Gain/Loss: - 0.4%

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:
04/15/13: The retail sector lost -3.2%. Shares of TJX gave back -2.1% and closed near short-term technical support at its 10-dma. If this pullback continues I would expect TJX to retest support near $46.50. Our stop loss remains at $46.45 for now. I am not suggesting new positions.

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

current Position: Long TJX stock @ $47.75



BEARISH Play Updates

Brunswick Corp - BC - close: 30.64 change: -1.86

Stop Loss: 33.20
Target(s): 30.30
Current Gain/Loss: + 9.6%

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:
04/15/13: BC underperformed the market with a drop to new relative lows. Shares crashed through their 100-dma and posted a -5.7% decline. The intraday low was $30.50. Our target is $30.30 but more conservative traders may want to close positions now to lock in gains. I am adjusting our stop loss to $33.20.

Suggested Position: short BC stock @ $33.78

04/15/13 new stop loss @ 33.20, readers may want to take profits now
04/13/13 new stop loss @ 33.85
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



BroadSoft, Inc. - BSFT - close: 24.24 change: -0.23

Stop Loss: 25.25
Target(s): 20.75
Current Gain/Loss: - 1.1%

Entry on April 11 at $24.50
Listed on April 09, 2013
Time Frame: exit PRIOR to earnings in early May
Average Daily Volume = 854 thousand
New Positions: see below

Comments:
04/15/13: BSFT's performance today was disappointing. Shares did fall -0.9% but I would have expected a lot more weakness given the market's widespread decline. I am cautiously bearish here and after today's performance I would hesitate to launch new positions.

Earlier Comments:
Please note that we do want to limit our position size to reduce our risk. The most recent data listed short interest at 21% of the small 27.6 million-share float. Thus if BSFT were to suddenly turn higher it could spark a short squeeze. Furthermore there has been some speculation that BSFT is a takeover target. You may want to consider buying a put option instead of shorting the stock as a way to limit your risk.

*Small Positions*

current Position: short BSFT stock @ $24.50

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

Long May $25 put (BSFT1318Q25) entry $2.60



Cabot Microelectronics - CCMP - close: 32.62 change: -0.52

Stop Loss: 34.05
Target(s): 30.25
Current Gain/Loss: +0.2%

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:
04/15/13: The SOX index fell -2.5%. Yet shares of CCMP only lost -1.5%. CCMP's trend is bearish but the stock isn't moving very fast. I am not suggesting new positions at this time.

Earlier Comments:
We want to keep our position size small.

*Small Positions*

current Position: short CCMP stock @ $32.69



Computer Sciences Corp. - CSC - close: 45.24 change: -1.45

Stop Loss: 48.20
Target(s): 42.00
Current Gain/Loss: + 1.7%

Entry on April 15 at 46.00
Listed on April 13, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 1.5 million
New Positions: see below

Comments:
04/15/13: The stock market's widespread decline helped push CSC to a -3.1% loss and a new multi-week low. Shares gapped open lower at $46.23 and hit our trigger to launch bearish positions at $46.00.

current Position: short CSC stock @ $46.00

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

Long May $45 PUT (CSC1318Q45) entry $1.95



CLOSED BULLISH PLAYS

Marriott Intl. - MAR - close: 40.71 change: -1.88

Stop Loss: 41.85
Target(s): 47.00
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 13, 2013
Time Frame: exit PRIOR to earnings on May 1st
Average Daily Volume = 1.9 million
New Positions: see below

Comments:
04/15/13: There was no follow through on MAR's rally from Friday. The market's widespread weakness sparked a gap down in MAR at the open. Shares were trading near $41.50 midday. Then news of the bombing at the Boston marathon helped push MAR to new lows. It is possible that MAR rebounds from the multi-week trend of higher lows (in the $40.50 area). It's unlikely that MAR will hit our suggested trigger to launch positions at $43.00 any time soon. We are removing MAR as an active candidate.

Trade did not open.

04/15/13 removed from the newsletter

chart:



Plum Creek Timber Co. - PCL - close: 50.31 change: -1.68

Stop Loss: 50.85
Target(s): 54.50
Current Gain/Loss: +0.6%

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:
04/15/13: We have been expecting PCL to break out from its sideways consolidation. Of course our expectation was for a breakout higher. Instead shares have turned lower and fallen below technical support at the 20-dma. Our stop loss was hit at $50.85. It's possible that PCL might bounce at the $50.00 mark and its 40-dma but I am concerned that upward momentum is fading.

*Small Positions*

closed Position: Long PCL stock @ $50.56 exit $50.85 (+0.6%)

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

(exited call position on Friday, April 12th)
May $50 call (PCL1318E50) entry $1.40* exit $2.15* (+53.5%)

04/15/13 stopped out of PCL
04/12/13 closed May $50 call position at the opening bell
*option exit price is an estimate since the option did not trade at the time our play was closed.
04/11/13 new stop loss @ 50.85
Prepare to exit our May $50 calls at the opening bell tomorrow
04/10/13 new stop loss @ 50.60
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: