Editor's Note:
The U.S. market rallied again with some help from gains in Europe and Asia.

FLWS was triggered.
CASY was stopped out.


Current Portfolio:


BULLISH Play Updates

Big Lots Inc. - BIG - close: 36.62 change: +0.11

Stop Loss: 34.75
Target(s): 41.50
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 20, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 650 thousand
New Positions: Yes, see below

Comments:
04/22/13: BIG continues to tick higher but it has not yet broken out past its early March high. I don't see any changes from my weekend comments.

I am suggesting a trigger to open bullish positions at $36.80. If BIG does break out higher it could see a short squeeze. The most recent data listed short interest at 17% of the 52.7 million share float.

If triggered our target is $41.50. The Point & Figure chart for BIG is bullish with a long-term $53.00 target.

Trigger @ 36.80

Suggested Position: buy BIG stock @ (trigger)



1-800-Flowers.com - FLWS - close: 5.38 change: +0.03

Stop Loss: 5.09
Target(s): 5.95
Current Gain/Loss: - 0.6%

Entry on April 22 at $ 5.42
Listed on April 20, 2013
Time Frame: exit PRIOR to earnings on April 30th
Average Daily Volume = 139 thousand
New Positions: see below

Comments:
04/22/13: Fortunately we did not have to wait long for FLWS to hit our entry trigger at $5.41. Shares actually gapped open higher this morning at $5.42. The initial pop higher reversed but traders bought the dip and shares recovered to outperform the S&P 500 with a +0.5% gain.

Earlier Comments:
FLWS can be somewhat volatile so I do consider a more aggressive, higher-risk trade. We will want to keep our position size small. Our target is $5.95. However, the plan will be to exit prior to the April 30th earnings report so we don't have much time. The Point & Figure chart for FLWS is bullish with a long-term $10.75 target.

*Small Positions*

current Position: Long FLWS stock @ $5.42



The Kroger Co. - KR - close: 34.21 change: +0.50

Stop Loss: 32.40
Target(s): 36.50
Current Gain/Loss: +1.1%

Entry on April 19 at $33.85
Listed on April 18, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.2 million
New Positions: see below

Comments:
04/22/13: Positive analyst comments helped shares of KR outperform the market today. The stock rallied to a new multi-year high on today's +1.48% gain.

Earlier Comments:
Shares of KR are now hitting new 13-year highs. We should take note of its old highs. The closing high was $34.16 and the intraday high was $34.91 from March 1999. These levels could be potential overhead resistance. Yet it was so long ago they may not matter anymore. If you're worried about KR seeing resistance at these levels then you may want to wait for KR to close above these levels before initiating positions.

FYI: KR should begin trading ex-dividend on May 13th, 2013. The quarterly dividend should be 15 cents.

current Position: buy KR stock @ $33.85



Starz - STRZA - close: 22.47 change: +0.51

Stop Loss: 20.85
Target(s): 24.50
Current Gain/Loss: +3.3%

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:
04/22/13: We have been patiently waiting for STRZA to breakout from its sideways consolidation. It looks like the breakout has begun today with a +2.3% gain and a new all-time high. Readers may want to adjust their stop loss higher.

*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: 47.14 change: +0.14

Stop Loss: 46.45
Target(s): 52.00
Current Gain/Loss: - 1.3%

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:
04/22/13: TJX eked out a +0.29% gain but the rally was stymied at the stock's simple 20-dma. I remain very cautious here. We're not suggesting 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

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: 43.84 change: +0.13

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:
04/22/13: At first glance ADT closed unchanged on the session but the stock began trading ex-dividend this morning. Shares managed to bounce back before failing at short-term resistance near $44.00 again.

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.

Keep in mind that we plan to exit prior to earnings on May 1st.

Trigger @ $42.50

Suggested Position: short ADT stock @ (trigger)



BroadSoft, Inc. - BSFT - close: 24.10 change: -0.46

Stop Loss: 25.15
Target(s): 20.75
Current Gain/Loss: - 0.2%

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:
04/22/13: The good news here is that Friday's 46-cent bounce was erased today. Traders sold the rally this morning and again when BSFT bounced this afternoon. Nimble traders could use a new relative low as an alternative entry point.

Over the weekend we were concerned that BSFT looked poised to bounce so we closed the May $25 puts this morning at the opening bell.

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) -

May $25 put (BSFT1318Q25) entry $2.60 exit $2.20 (-15.3%)

04/22/13 closed the May $25 put position at the open
04/20/13 new stop loss @ 25.15,
prepare to exit the May $25 puts immediate on Monday (04/22)



Cabot Microelectronics - CCMP - close: 32.58 change: +0.04

Stop Loss: 33.40
Target(s): 30.25
Current Gain/Loss: +0.3%

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:
04/22/13: CCMP failed to keep up with the bounce in the semiconductor sector today. That's good news if you're bearish.

We are running out of time. CCMP is due to report earnings on April 25th and we do not want to hold over the announcement. 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: 44.31 change: +0.08

Stop Loss: 47.25
Target(s): 42.00
Current Gain/Loss: + 3.7%

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:
04/22/13: Monday proved to be a quiet session for shares of CSC. Traders did buy the dip intraday. I suspect we are going to see CSC bounce soon. Look for resistance near $46 or its simple 10-dma.

current Position: short CSC stock @ $46.00

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

Long May $45 PUT (CSC1318Q45) entry $1.95

04/20/13 new stop loss @ 47.25



Electronic Arts - EA - close: 17.28 change: +0.19

Stop Loss: 17.55
Target(s): 15.00
Current Gain/Loss: -3.2%

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:
04/22/13: Hmm... traders bought the dip in EA again. The stock outperformed the broader market with a +1.1% gain. Shares are nearing what should be short-term resistance at $17.50. I am not suggesting new positions at this time.

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

Casey's General Stores - CASY - close: 55.61 change: +1.18

Stop Loss: 55.15
Target(s): 50.00
Current Gain/Loss: -3.8%

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:
04/22/13: The oversold bounce in CASY continued on Monday and shares outperformed the market with a +2.1% gain. The stock rallied past technical resistance at its 200-dma and 300-dma. Shares also hit our stop loss at $55.15.

closed Position: short CASY stock @ $53.15 exit $55.15 (-3.8%)

04/22/13 stopped out
04/17/13 trade opened on gap down at $53.15. trigger was $53.50

chart: