Editor's Note:
The S&P 500 index is nearing its recent high and potential resistance at the 1,600 level.

FSLR has been stopped out. ADT has been removed.
We want to exit our FLWS trade tomorrow.


Current Portfolio:


BULLISH Play Updates

Big Lots Inc. - BIG - close: 37.28 change: +0.51

Stop Loss: 34.75
Target(s): 41.50
Current Gain/Loss: +1.3%

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:
04/25/13: BIG resumes the rally with a +1.3% gain. The stock did pullback from its intraday high near $38.00. It is possible that the $38.00-38.50 zone could be resistance. Typically the top of a big gap down acts as resistance and BIG had a big gap down from August 2012. The top of that gap is $38.30.

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: 5.66 change: +0.13

Stop Loss: 5.25
Target(s): 5.95
Current Gain/Loss: + 4.6%

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:
04/25/13: FLWS continues to rally. Shares outperformed the market with a +2.3% gain. If FLWS does not hit our exit target of $5.95 tomorrow I am suggesting we go ahead and exit positions tomorrow (Friday) at the closing bell. You could choose to hold the position until Monday but earnings are scheduled for Tuesday morning.

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.

*Small Positions*

current Position: Long FLWS stock @ $5.42

04/25/13 new stop loss @ 5.25
Prepare to exit positions tomorrow (Friday) at the closing bell if FLWS does not hit our exit target at $5.95 first.



The Kroger Co. - KR - close: 34.33 change: -0.26

Stop Loss: 32.90
Target(s): 36.50
Current Gain/Loss: +1.4%

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:
04/25/13: I cautioned readers that KR could see a move on SWY's earnings report. SWY reported this morning and missed the bottom line by one cent and also missed the revenue estimate. Guidance was in-line with estimates. Investors were unhappy with the report and SWY gapped open lower and plunged to a -18.9% decline intraday before bouncing. KR was dragged down by SWY's weakness but shares of KR managed to bounce at $33.30. I am raising our KR stop loss to $32.90. I am not suggesting new positions at this time.

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

04/25/13 new stop loss @ 32.90



Starz - STRZA - close: 23.29 change: +0.19

Stop Loss: 21.49
Target(s): 24.50
Current Gain/Loss: +7.1%

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:
04/25/13: STRZA gapped open higher and then spent the rest of the day churning sideways. I am not suggesting new positions at this time. More conservative traders may want to raise their stop to breakeven at $21.75.

*Small Positions*

current Position: Long STRZA stock @ $21.75

04/24/13 new stop loss @ 21.49
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: 48.29 change: +0.87

Stop Loss: 46.45
Target(s): 52.00
Current Gain/Loss: + 1.1%

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:
04/25/13: Retail stocks were a bright spot in the market today and the XRT ETF hit a new high. Shares of TJX decided to participate in the sector's rally with a +1.8% gain. I am still not suggesting new positions in TJX.

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

BroadSoft, Inc. - BSFT - close: 24.92 change: +1.33

Stop Loss: 25.15
Target(s): 20.75
Current Gain/Loss: - 1.7%

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:
04/25/13: Analyst comments suggesting that BSFT was working with Google (GOOG) on a "collaboration" sent shares of BSFT surging today. The stock actually hit a new relative low this morning and then surged to a +5.6% gain. The rally did stall at round-number resistance near $25.00 but if there is any follow through tomorrow morning we will see BSFT hit our stop loss at $25.15.

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)



Check Point Software - CHKP - close: 45.17 change: +0.35

Stop Loss: 45.51
Target(s): 40.50
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 24, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 2.5 million
New Positions: Yes, see below

Comments:
04/25/13: CHKP is still churning sideways. We are waiting for a breakdown. The stock is in jeopardy of breaking down below support near $45.00. The April low was $44.41.

I am suggesting a trigger to launch bearish positions at $44.30 If triggered our target is $40.50.

Trigger @ 44.30

Suggested Position: short CHKP stock @ (trigger)

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

buy the June $45 PUT (CHKP1322R45)



Computer Sciences Corp. - CSC - close: 45.67 change: +0.27

Stop Loss: 46.25
Target(s): 42.00
Current Gain/Loss: - 0.7%

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:
04/25/13: The oversold bounce in CSC continued on Thursday. Shares traded briefly above the $46.00 level and almost hit our new stop loss at $46.25 before paring its gains. 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

04/24/13 new stop loss @ 46.25
04/20/13 new stop loss @ 47.25



Virtusa Corp. - VRTU - close: 22.14 change: -0.03

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:
04/25/13: Traders sold the bounce in VRTU today and the stock closed almost unchanged. The stock looks poised to breakdown under support near $22.00 soon.

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 BULLISH PLAYS

First Solar - FSLR - close: 44.47 change: -0.64

Stop Loss: 43.75
Target(s): 48.00
Current Gain/Loss: + 6.6%

Entry on April 24 at $41.05
Listed on April 23, 2013
Time Frame: exit PRIOR to earnings in early May
Average Daily Volume = 8.1 million
New Positions: see below

Comments:
04/25/13: After yesterday's +11.8% rally shares of FSLR hit some profit taking. The intraday low this morning was $43.37 and that was enough to hit our stop loss at $43.75.

Earlier Comments:
Remember, small positions. FSLR can be a volatile stock. We want to limit our risk.

*Small Positions*

closed Position: Long FSLR stock @ $41.05 exit $43.75 (+6.6%)

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

Long May $45 call (FSLR1318E45) entry $1.55 exit $2.65 (+70.9%)

04/25/13 stopped out
04/24/13 FSLR rallied +11.8% today. Readers may want to take profits now.
04/24/13 new stop loss $ 43.75

chart:



CLOSED BEARISH PLAYS

The ADT Corp. - ADT - close: 44.04 change: +0.61

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: see below

Comments:
04/25/13: ADT is not cooperating and we are running out of time. The company is due to report earnings on May 1st. Our trade has not opened yet (trigger @ $42.50) so we are removing ADT from the list.

Trade did not open.

04/25/13 removed from the newsletter

chart: