Editor's Note:
Stocks sank on disappointing retail sales figures but managed to recover. The bounce turned into a widespread rally.

DHI hit our stop loss. PODD hit our entry trigger.

Several stop losses have been updated tonight.


Current Portfolio:


BULLISH Play Updates

Alcoa Inc. - AA - close: 11.40 change: +0.13

Stop Loss: 10.80
Target(s): 12.95
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 11, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 39 million
New Positions: Yes, see below

Comments:
02/13/14: AA quickly recovered from the Thursday morning spike lower but shares remain below short-term resistance in the $11.50 area. There is no change from my earlier comments.

Earlier Comments:
AA shares have garnered some bullish analyst comments lately. Just today Barron's ran an article on AA discussing how Goldman Sachs is bullish on AA and is forecasting +30% upside in the next six months for the stock. Essentially Goldman expects AA to benefit from rising aluminum demand from the automobile and aerospace industries.

We like the bullish trend of higher lows. I am suggesting a trigger to launch bullish positions at $11.55. If triggered our multi-week target is $12.95.
FYI: The Point & Figure chart for AA is very bullish with a $20.00 target.

Trigger @ 11.55

Suggested Position: buy AA stock @ (trigger)

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

Buy the APR $12 call (AA1419D12)



Adobe Systems - ADBE - close: 67.04 change: +1.90

Stop Loss: 64.80
Target(s): 68.00
Current Gain/Loss: +7.7%

Entry on February 07 at $62.25
Listed on February 06, 2014
Time Frame: exit PRIOR to earnings on March 18th
Average Daily Volume = 3.6 million
New Positions: see below

Comments:
02/13/14: ADBE continues to be a big winner this week. The stock just added another +2.9% and stretched its winning streak to eight up days in a row. The stock has moved a lot faster than expected and today's rally not only hits but exceeds a multi-month trend line of higher highs (a.k.a. resistance). I am suggesting we prepare to exit positions tomorrow (Friday) at the closing bell if ADBE does not hit our exit target at $68.00 first. We will move the stop loss to $64.80, just below today's low.

current Position: Long ADBE stock @ $62.25

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

Long MAR $62.50 call (ADBE1422C62.5) entry $2.40

02/13/14 new stop loss @ 64.80, prepare to exit tomorrow at the closing bell if ADBE doesn't hit our $68.00 target first
02/12/14 new stop loss @ 61.65
02/10/14 new stop loss @ 60.95
02/07/14 triggered @ 62.25



Agios Pharmaceuticals - AGIO - close: 32.45 change: +1.26

Stop Loss: 29.75
Target(s): 39.00
Current Gain/Loss: + 3.1%

Entry on February 11 at $31.48
Listed on February 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 380 thousand
New Positions: see below

Comments:
02/13/14: It was a good day for our AGIO trade. The stock found support near the $30.00 level this morning and then rebounded to a +4.0% gain. I am raising our stop loss up to $29.75.

Earlier Comments:
Further strength could spark more short covering. The most recent data listed short interest at 19% of the very small 11.0 million share float. Due to AGIO's volatility I am suggesting small positions to limit risk.

*Small positions to limit risk!*

current Position: long AGIO stock @ $31.48

02/13/14 new stop loss @ 29.75
02/11/14 trade opens at $31.48



Galectin Therapeutics - GALT - close: 15.99 change: -0.18

Stop Loss: 14.75
Target(s): 17.75
Current Gain/Loss: +11.4%

Entry on February 10 at $14.35
Listed on February 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 994 thousand
New Positions: see below

Comments:
02/13/14: After strong gains yesterday the rally in GALT stalled today with the stock closing down 18 cents. Shares essentially hugged the $16.00 level most of the session.

I am not suggesting new positions at this time. More conservative investors may want to lock in gains now.

Earlier Comments:
We want to use small positions to limit our risk. Our short-term target is $17.75. More aggressive investors may want to aim higher. The Point & Figure chart for GALT is bullish with a long-term $37.00 target.
(NOTE: Investors may want to consider using options to limit their risk.)

current Position: Long GALT stock @ $14.35

02/12/14 new stop loss @ 14.75
02/10/14 new stop loss @ 13.85
02/10/14 triggered @ 14.35



Hewlett-Packard Co. - HPQ - close: 29.83 change: +0.41

Stop Loss: 28.55
Target(s): TBD
Current Gain/Loss: + 4.6%

Entry on January 27 at $28.53
Listed on January 18, 2014
Time Frame: exit PRIOR to earnings on Feb. 20th
Average Daily Volume = 13.2 million
New Positions: see below

Comments:
02/13/14: The rebound in HPQ continued with a +1.39% gain. The stock is nearing round-number resistance at the $30.00 mark. More conservative traders may want to exit soon in case HPQ fails at $30 again. We are down to our last four trading days on this trade. I am raising our stop loss to $28.55.

Earnings are coming up on Feb. 20th and we do not want to hold over the announcement.

current Position: long HPQ stock @ $28.53

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

Long Mar $30 call (HPQ1422C30) entry $0.96

02/13/14 new stop loss @ 28.55
02/12/14 new stop loss @ 28.45
02/04/14 new stop loss @ 27.80
02/01/14 new stop loss @ 27.70
01/27/14 trade opens at $28.53
01/25/14 adjust entry strategy and open positions on Monday morning (Jan 27th)
01/25/14 new stop loss @ 26.95
01/23/14 new stop @ 28.95
Nimble traders may want to look for support near $28.70 as an alternative entry point.



JPMorgan Chase & Co - JPM - close: 58.03 change: +0.51

Stop Loss: 55.45
Target(s): 59.75
Current Gain/Loss: + 3.2%

Entry on January 30 at $56.25
Listed on January 25, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 18 million
New Positions: see below

Comments:
02/13/14: The rally in JPM has lifted shares to resistance near $58.00. I am raising our stop loss to $55.45. More conservative investors might want to raise their stop higher. I am not suggesting new positions.

current Position: Long JPM stock @ $56.25

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

Long MAR $55 call (JPM1422C55) entry $2.53

02/13/14 new stop loss @ 55.45
02/11/14 new stop loss @ 54.90
02/08/14 new stop loss @ 53.90
02/03/14 adjust stop loss from $53.90 to $52.90
01/30/14 triggered @ 56.25. Use stop loss at $53.90
01/28/14 add a secondary entry trigger at $56.25
adjust the exit target to $59.75



Insulet Corp. - PODD - close: 44.97 change: +0.46

Stop Loss: 42.95
Target(s): 49.85
Current Gain/Loss: - 0.4%

Entry on February 13 at $45.15
Listed on February 12, 2014
Time Frame: Exit PRIOR to earnings on Feb. 27th
Average Daily Volume = 687 thousand
New Positions: see below

Comments:
02/13/14: PODD continues to push higher and has now broken out from its recent trading range. The stock hit our suggested entry point at $45.15 this afternoon.

Earlier Comments:
A move past $45 could spark more short covering. The most recent data listed short interest at 17% of the 51.3 million-share float. Our target is $49.85. We will plan to exit prior to earnings, which are expected in late February, possibly early March. There is no confirmed date yet.

*small positions*

current Position: long PODD stock @ $45.15

02/13/14 triggered $ 45.15



Penn Virginia Corp. - PVA - close: 13.05 change: +0.36

Stop Loss: 11.95
Target(s): 17.00
Current Gain/Loss: + 4.0%

Entry on February 03 at $12.55
Listed on January 28, 2014
Time Frame: exit PRIOR to earnings on Feb.19th
Average Daily Volume = 3.2 million
New Positions: see below

Comments:
02/13/14: The trend of higher lows and higher highs continues for PVA. Traders bought the dip at its 10-dma again and the stock outperformed the major indices with a +2.8% Gain. I am raising our stop loss to $11.95. I am not suggesting new positions.

The plan is to exit ahead of earnings on the 19th.

current Position: Long PVA stock @ $12.55

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

Long Mar $12.50 call (PVA1422C12.5) entry $1.10

02/13/14 new stop loss @ 11.95
02/12/14 new stop loss @ 11.75
02/06/14 new stop loss @ 11.45
02/03/14 triggered at $12.55



BEARISH Play Updates

The Fresh Market, Inc. - TFM - close: 34.26 change: -0.30

Stop Loss: 34.85
Target(s): 30.25
Current Gain/Loss: + 1.0%

Entry on February 03 at $34.60
Listed on February 01, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.1 million
New Positions: see below

Comments:
02/13/14: Shares of WFM ended the day with a -7.2% loss following its earnings report last night. This move in WFM and its results weighed on shares of TFM. Yet the move in TFM wasn't that bad. Shares only gave up -0.8%. I am not suggesting new positions.

Earlier Comments:
I am listing this as a more aggressive, higher-risk trade due to the amount of short interest. The latest data listed short interest at about 25% of the 40 million share float. The bears have a pretty good story for the stock to trend lower but that much short interest does pose a danger of short-term spikes higher.

Our target is $30.25. More aggressive traders could aim lower since the Point & Figure chart for TFM is bullish with an $18 target.

current Position: short TFM stock @ $34.60

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

Long MAR $35 PUT (TFM1422o35) entry $2.90

02/11/14 new stop loss @ 34.85
02/08/14 new stop loss @ 35.10
02/06/14 new stop loss @ 35.55
02/03/14 triggered @ 34.60




CLOSED BULLISH PLAYS

DR Horton Inc. - DHI - close: 23.24 change: +0.01

Stop Loss: 22.85
Target(s): 27.50
Current Gain/Loss: -5.4%

Entry on February 10 at $24.15
Listed on February 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.1 million
New Positions: see below

Comments:
02/13/14: The stock market's widespread spike lower this morning was too much for DHI. Shares traded below $23.00 and hit our stop loss at $22.85. Coincidentally the intraday low today just happens to be $22.85.

closed Position: Long DHI stock @ $24.15 exit $22.85 (-5.4%)

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

MAR $24 call (DHI1422C24) entry $1.25 exit $0.58 (-53.6%)

02/13/14 stopped out
02/10/14 triggered @ 24.15

chart: