Editor's Note:
Shares of Brunswick (BC) hit our bearish exit target today.

EA was triggered.


Current Portfolio:


BULLISH Play Updates

Starz - STRZA - close: 21.92 change: +0.05

Stop Loss: 20.85
Target(s): 24.50
Current Gain/Loss: +0.8%

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:
04/18/13: The sideways consolidation in STRZA continues. The fact that STRZA is not following the broader market lower is a positive for bulls. Yet I remain cautious when it comes to launching new positions.

*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: 46.70 change: -0.61

Stop Loss: 46.45
Target(s): 52.00
Current Gain/Loss: - 2.2%

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:
04/18/13: Weakness in the retail sector (-1.0%) is weighing on shares of TJX (-1.2%). The stock has broken below the $47.00 level and look poised to hit our stop loss at $46.45 tomorrow. I am not suggesting new positions at this time.

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

04/18/13 today's decline is bad news. TJX looks ready to hit our stop at $46.45 soon.



BEARISH Play Updates

The ADT Corp. - ADT - close: 43.66 change: -0.27

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:
04/18/13: It was a forgettable day for ADT. The stock drifted sideways below the $44.00 level. There is no change from my earlier comments.

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)



BroadSoft, Inc. - BSFT - close: 24.10 change: +0.03

Stop Loss: 25.25
Target(s): 20.75
Current Gain/Loss: - 1.6%

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:
04/18/13: BSFT reversed its midday losses to close in positive territory. The fact that BSFT did post a gain is unwelcome. Readers may want to lower their stop toward the simple 10-dma near $24.60. I am not suggesting 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



Casey's General Stores - CASY - close: 54.00 change: +0.51

Stop Loss: 55.15
Target(s): 50.00
Current Gain/Loss: -1.6%

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:
04/18/13: CASY is not cooperating with us. The stock erased yesterday's 51-cent loss with a 51-cent gain today. Lack of follow through on yesterday's decline could be a warning signal. I am not suggesting new positions at this time.

Earlier Comments:
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.

current Position: short CASY stock @ $53.15

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



Cabot Microelectronics - CCMP - close: 32.25 change: +0.74

Stop Loss: 33.40
Target(s): 30.25
Current Gain/Loss: +1.3%

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:
04/18/13: Hmm... after breaking down to new relative lows yesterday CCMP suddenly reversed higher today. I can't find any news to explain the rebound, especially since the SOX semiconductor index posted another decline today.

The 20-dma has fallen to $33.27. I am adjusting our stop loss down to $33.40. 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

04/18/13 new stop loss @ 33.40



Computer Sciences Corp. - CSC - close: 44.46 change: -0.51

Stop Loss: 48.20
Target(s): 42.00
Current Gain/Loss: + 3.3%

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:
04/18/13: CSC has continued to fall with a -1.1% decline today. Yet it's worth noting that the sell-off stalled near potential support at its rising 100-dma (near $44.20). If CSC was going to see an oversold bounce this would be a good spot for one to show up. 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



Electronic Arts - EA - close: 16.94 change: -0.07

Stop Loss: 17.55
Target(s): 15.00
Current Gain/Loss: -1.1%

Entry on April 18 at $16.75
Listed on April 17, 2013
Time Frame: exit PRIOR to earnings on May 7th
Average Daily Volume = 4.0 million
New Positions: see below

Comments:
04/18/13: EA did not see a lot of movement today but the movement it did see produced a new relative low this morning. Shares slipped just low enough to hit our entry trigger at $16.75 and then pare its losses. Our trade is open. However, readers looking for a new entry point might be best served by waiting for a new relative low beneath $16.75.

Earlier Comments:
If triggered our target is $15.00 although we might adjust it and aim to exit near the simple 150-dma instead.

current Position: short EA stock @ $16.75

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

Long May $17 PUT (EA1318Q17) entry $1.00



CLOSED BEARISH PLAYS

Brunswick Corp - BC - close: 30.42 change: -0.92

Stop Loss: 33.20
Target(s): 30.30
Current Gain/Loss: +10.6%

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:
04/18/13: Target achieved.

Our patience paid off and BC has continued to underperform the market. Shares closed with a -2.9% decline today and hit an intraday low of $30.29. Our exit target was hit at $30.30.

closed Position: short BC stock @ $33.78 exit $30.30 (+10.6%)

04/18/13 target hit
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

chart: