Editor's Note:
It seems like the bears have finally risen from their hibernation. They are starting to make an appearance on Wall Street.

There was no follow through on yesterday's market bounce and the S&P 500's bullish trend of higher lows is in danger of breaking.


Current Portfolio:


BULLISH Play Updates

Starz - STRZA - close: 21.87 change: -0.16

Stop Loss: 20.85
Target(s): 24.50
Current Gain/Loss: +0.6%

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:
04/17/13: Shares of STRZA are actually holding up relatively well considering the market's volatility. Of course if the market starts to accelerate lower odds are STRZA will eventually follow. I am raising our stop loss to $20.85. I am not suggesting new positions at this time.

*Small Positions*

current Position: Long STRZA stock @ $21.75

04/17/13 new stop loss @ 20.85
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: 47.31 change: -0.41

Stop Loss: 46.45
Target(s): 52.00
Current Gain/Loss: - 0.9%

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:
04/17/13: TJX has been testing short-term support at its 10-dma the last couple of days. It broke down below this moving average today and fell to the next moving average at the 20-dma. I am not suggesting new positions at current levels and readers may want to tighten their stop loss closer to the $47.00 mark.

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

The ADT Corp. - ADT - close: 43.93 change: +0.54

Stop Loss: 44.65
Target(s): 38.00
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 16, 2013
Time Frame: exit PRIOR to earnings on May 1st
Average Daily Volume = 3.7 million
New Positions: Yes, see below

Comments:
04/17/13: Somehow ADT managed a bounce on Wednesday. I couldn't find any news to explain the sudden show of relative strength. The stock spiked higher at the open, traders bought the late morning dip, and pushed ADT back toward short-term resistance at the $44.00 mark. The low today was $42.92. If this bounce continues we'll probably drop ADT as a candidate but for now the plan is unchanged.

I am suggesting a trigger to open bearish positions at $42.50. If triggered our target is $38.00. More conservative traders may want to exit near $40.00 instead. The Point & Figure chart for ADT is bearish with a $35 target.

FYI: ADT is scheduled to begin trading ex-dividend on April 22nd. The dividend should be 12.5 cents.

Trigger @ $42.50

Suggested Position: short ADT stock @ (trigger)



Brunswick Corp - BC - close: 31.34 change: -0.28

Stop Loss: 33.20
Target(s): 30.30
Current Gain/Loss: + 7.6%

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:
04/17/13: BC spent the day churning sideways and finding new resistance near $31.65. I don't see any changes from my prior comments. 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: - 1.8%

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:
04/17/13: Technology stocks were showing relative weakness today and BSFT gave up -1.6%. I remain cautiously bearish here.

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



Casey's General Stores - CASY - close: 53.49 change: -0.51

Stop Loss: 55.15
Target(s): 50.00
Current Gain/Loss: -0.6%

Entry on April 17 at $53.15
Listed on April 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 249 thousand
New Positions: see below

Comments:
04/17/13: Our new trade on CASY has been triggered. We wanted to launch bearish positions at $53.50 but CASY gapped down this morning at $53.15. The intraday bounce did fail near the $54.00 level and under its 100-dma. I would still consider new positions at current levels. Our short-term target is $50.00 but readers may want to aim lower. The Point & Figure chart for CASY is bearish with a $48.00 target.

FYI: CASY is due to trade ex-dividend on April 29th. The quarterly dividend should be about 16.5 cents.

Trigger @ $53.50

Suggested Position: short CASY stock @ (trigger)

04/17/13 trade opened on gap down at $53.15. trigger was $53.50



Cabot Microelectronics - CCMP - close: 31.51 change: +1.33

Stop Loss: 34.05
Target(s): 30.25
Current Gain/Loss: +3.6%

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:
04/17/13: Intel's earnings news was not enough to stop a sell-off in the semiconductor sector. Shares of CCMP finally broke down from its sideways consolidation and posted a -4.0 %loss. This is a new multi-month low for the stock. 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: 44.97 change: -1.43

Stop Loss: 48.20
Target(s): 42.00
Current Gain/Loss: + 2.2%

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:
04/17/13: CSC completely erased yesterday's bounce with a reversal to new relative lows. More conservative traders may want to start lowering their stop loss.

current Position: short CSC stock @ $46.00

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

Long May $45 PUT (CSC1318Q45) entry $1.95