Editor's Note:
The major U.S. indices continued to rebound on Tuesday. The rally was widespread and suggests the bulls aren't giving up yet.

BIG was triggered.

CCMP and EA were stopped out.


Current Portfolio:


BULLISH Play Updates

Big Lots Inc. - BIG - close: 36.78 change: +0.16

Stop Loss: 34.75
Target(s): 41.50
Current Gain/Loss: -0.1%

Entry on April 23 at $36.80
Listed on April 20, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 650 thousand
New Positions: see below

Comments:
04/23/13: BIG continues to push higher. Shares hit our entry trigger at $36.80. I do think it's worth noting that BIG only gained +0.4% versus the +1.0% in the S&P 500 and the +0.7% gain in the RTH retail ETF. Traders did buy the dip twice in BIG near $36.50 this afternoon. I would still consider new positions now but more conservative traders may want to wait for a rally past $37.00 again as an alternative entyr point.

Earlier Comments:
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. The Point & Figure chart for BIG is bullish with a long-term $53.00 target.

current Position: Long BIG stock @ $36.80



1-800-Flowers.com - FLWS - close: 5.41 change: +0.03

Stop Loss: 5.09
Target(s): 5.95
Current Gain/Loss: + 0.0%

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:
04/23/13: Tuesday was a quiet session for FLWS. Shares gapped open higher at $5.41 and spent the entire day drifting sideways along the $5.40 level. The trend is still up and I would consider new positions here. Just keep in mind that we're planning to exit prior to earnings on April 30th.

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: 34.67 change: +0.46

Stop Loss: 32.40
Target(s): 36.50
Current Gain/Loss: +2.4%

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:
04/23/13: Kroger is still showing relative strength. The stock added +1.3% and hit another new multi-year high. I am not suggesting new positions at this time.

Traders will want to be aware that KR's rival Safeway (SWY) is scheduled to report earnings on April 25th, before the opening bell. SWY's results could influence shares of KR.

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: 22.80 change: +0.33

Stop Loss: 20.85
Target(s): 24.50
Current Gain/Loss: +4.8%

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:
04/23/13: The bullish momentum continues with a +1.4% gain on Tuesday. This is another new high for the stock. Investors might want to start raising their stop loss again.

*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: 47.16 change: +0.02

Stop Loss: 46.45
Target(s): 52.00
Current Gain/Loss: - 1.2%

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:
04/23/13: TJX closed virtually unchanged on the session. Overall I found today's performance to look bearish. The stock garnered bullish analyst comments before the opening bell, which sparked the gap open higher. Traders sold the rally and TJX gave back all of its gains.

Readers may want to just exit early now. 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: 43.76 change: -0.08

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:
04/23/13: ADT briefly traded above short-term technical resistance at its simple 10-dma before reversing lower. More aggressive traders could use today's move as a new bearish entry point and just put a stop loss above today's high (44.61). I am suggesting we wait for a new relative low.

Right now the plan is to launch 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: 24.03 change: -0.07

Stop Loss: 25.15
Target(s): 20.75
Current Gain/Loss: + 1.9%

Entry on April 11 at $24.50
Listed on April 09, 2013
Time Frame: exit PRIOR to earnings on May 6th
Average Daily Volume = 854 thousand
New Positions: see below

Comments:
04/23/13: BSFT did not participate in the market's rally today and that's good news if you're bearish. Readers could use this weakness as a new entry point but I am growing concerned that BSFT is not moving fast enough for us. We want to exit prior to the earnings report on May 6th.

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) -

(closed option position on April 22nd)
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)



Computer Sciences Corp. - CSC - close: 45.21 change: +0.90

Stop Loss: 47.25
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:
04/23/13: I cautioned readers yesterday that we were going to see CSC bounce soon. The market's widespread rally today helped shares gain +2.0%. The stock is likely to test the $46.00 area and its 10-dma soon. I am not suggesting new positions at this time.

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



Virtusa Corp. - VRTU - close: 22.54 change: +0.16

Stop Loss: 22.65
Target(s): 20.10
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 22, 2013
Time Frame: 3 to 4 weeks
Average Daily Volume = 116 thousand
New Positions: Yes, see below

Comments:
04/23/13: VRTU is still hovering near its simple 50-dma. If shares happen to bounce then nimble traders could use a failed rally near the 20-dma as an alternative bearish entry point. I am suggesting we wait for a breakdown with a trigger to open bearish positions at $21.80. We'll use a stop at $22.65. Our initial target is $20.10. I would keep our position size small to limit our risk.

Trigger @ 21.80 *Small Positions*

Suggested Position: short VRTU stock @ (trigger)



CLOSED BEARISH PLAYS

Cabot Microelectronics - CCMP - close: 33.36 change: +0.78

Stop Loss: 33.40
Target(s): 30.25
Current Gain/Loss: -2.2%

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:
04/23/13: Semiconductor stocks were some of the market's better performers today with the SOX index rising +2.0%. Shares of CCMP managed to outpace its peers with a +2.39% gain. CCMP also hit our stop loss sat $33.40 once it pierced technical resistance at its 200-dma.

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

*Small Positions*

closed Position: short CCMP stock @ $32.69 exit $33.40 (-2.2%)

04/23/13 stopped out
04/18/13 new stop loss @ 33.40

chart:



Electronic Arts - EA - close: 17.42 change: +0.14

Stop Loss: 17.55
Target(s): 15.00
Current Gain/Loss: -4.8%

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:
04/23/13: EA continued to bounce on Tuesday and shares hit our stop loss at $17.55.

closed Position: short EA stock @ $16.75 exit $17.55 (-4.8%)

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

May $17 PUT (EA1318Q17) entry $1.00 exit $0.52 (-48%)

chart: