Editor's Note:
After Monday's sharp decline the market delivered a widespread bounce today.


Current Portfolio:


BULLISH Play Updates

Starz - STRZA - close: 22.03 change: +0.25

Stop Loss: 20.65
Target(s): 24.50
Current Gain/Loss: +1.3%

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:
04/16/13: It was another quiet session for shares of STRZA. The stock has been trading sideways in a narrow range the last few days. There appears to be new short-term resistance at the $22.10 level. I am not suggesting new positions at this time.

*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: 47.72 change: +0.17

Stop Loss: 46.45
Target(s): 52.00
Current Gain/Loss: - 0.1%

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:
04/16/13: TJX's performance today was disappointing. The S&P 500 index bounced with a +1.4% gain. The retail sector managed a +1.0% bounce. Yet shares of TJX only gained +0.35%. I find this relative weakness worrisome. Readers may want to wait for a new rise above $48.00 before considering new positions.

Earlier Comments:
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: 31.62 change: +0.98

Stop Loss: 33.20
Target(s): 30.30
Current Gain/Loss: + 6.7%

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:
04/16/13: Ouch! BC recouped about half of yesterday's losses with a big bounce today. If this bounce continues BC should encounter new resistance in the $32-33 zone. I am not suggesting new positions at this time.

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: 24.47 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:
04/16/13: BSFT erased yesterday's 23-cent decline with a 23-cent rebound. While the trend is down I am starting to grow concerned about the lack of momentum. I am not suggesting new positions at this time.

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: 32.84 change: +0.22

Stop Loss: 34.05
Target(s): 30.25
Current Gain/Loss: -0.5%

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:
04/16/13: It was another boring session for shares of CCMP with the stock churning sideways. Tomorrow could be a lot more exciting as semiconductor stocks react to earnings from Intel. At first glance Intel's earnings tonight seemed rather uninspiring yet the stock is trading higher after hours. We might see CCMP follow INTC higher tomorrow morning. Look for CCMP to test resistance near its 20-dma near $33.50. 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: 46.40 change: +1.16

Stop Loss: 48.20
Target(s): 42.00
Current Gain/Loss: - 0.9%

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:
04/16/13: After a sharp, two-day decline shares of CSC are rebounding. The stock gained +2.5% to outperform the major indices. CSC should find new resistance near $47 and the $48 levels so readers will want to wait and watch for the rally to stall or reverse before initiating new bearish positions.

current Position: short CSC stock @ $46.00

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

Long May $45 PUT (CSC1318Q45) entry $1.95