Editor's Note:
The market's widespread bounce continued on Friday. The S&P 500 index is already up 100 points from its early February lows near 1740.

Don't forget that the U.S. market is closed on Monday, Feb. 17th.

ADBE hit our bullish target on Friday.
TFM hit our stop loss.


Current Portfolio:


BULLISH Play Updates

Alcoa Inc. - AA - close: 11.37 change: -0.03

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:
02/15/14: AA is still hovering just below resistance in the $11.50 area. We are waiting for a bullish move higher.

Earlier Comments:
AA shares have garnered some bullish analyst comments lately. 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)

chart:



Agios Pharmaceuticals - AGIO - close: 32.02 change: -0.43

Stop Loss: 29.75
Target(s): 39.00
Current Gain/Loss: + 1.7%

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:
02/15/14: Biotech stocks underperformed the market on Friday. AGIO gave back -1.3% but traders still appeared to be buying the dip. I would still consider new positions at current levels.

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

chart:



First Solar, Inc. - FSLR - close: 53.17 change: +0.32

Stop Loss: 49.85
Target(s): 59.75
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 13, 2014
Time Frame: Exit PRIOR to earnings on Feb 25th
Average Daily Volume = 3.1 million
New Positions: Yes, see below

Comments:
02/15/14: FSLR continued to show relative strength on Friday with a +0.6% gain but it wasn't enough. The intraday high was only $53.66. The move above $53.00 and its 50-dma is technically bullish but we are suggesting a trigger to open positions at $53.75. That could happen on Tuesday (the markets are closed on Monday).

FSLR will report earnings on Feb. 25th.

Earlier Comments:
A breakout higher could spark some short covering. The most recent data listed short interest at 23% of the 72.5 million share float.

Solar energy stocks like FSLR can be volatile so I am suggesting small positions to limit our risk. This could be a short-term trade. We plan to exit ahead of FSLR's earnings report.

FYI: FSLR is starting to bounce from support on its Point & Figure chart. Currently the chart is still bearish but a move above $53.00 would produce a new buy signal (update: new buy signal suggest a $64 target).

Trigger @ 53.75 *small positions*

Suggested Position: buy FSLR stock @ (trigger)

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

Buy the MAR $55 call (FSLR1422C55) current ask $3.95

chart:



Galectin Therapeutics - GALT - close: 14.82 change: -1.17

Stop Loss: 14.75
Target(s): 17.75
Current Gain/Loss: + 3.3%

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:
02/15/14: Biotechs have been strong outperformers. Yet the industry underperformed on Friday and GALT was no exception with a surprising -7.3% plunge. The low on Friday was $14.77. Our stop happens to be $14.75. Odds are pretty good that we will see shares hit our stop or gap down below our stop on Tuesday unless the market sees a strong positive open on Tuesday.

I am not suggesting new positions at this time.

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

chart:



Hewlett-Packard Co. - HPQ - close: 30.02 change: +0.19

Stop Loss: 28.90
Target(s): TBD
Current Gain/Loss: + 5.2%

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:
02/15/14: The slow drift higher in HPQ continued on Friday. It is not a surprise to see shares stall at round-number resistance near the $30.00 mark. While a breakout here past $30.00 would be bullish we are almost out of time. HPQ is scheduled to report earnings on Thursday, Feb. 20th, after the closing bell. We do not want to hold over the announcement.

I am suggesting we plan on exiting positions Wednesday, Feb. 19th, at the closing bell. That gives us two days left on this trade (markets are closed on Monday). I am adjusting the stop loss to $28.90.

current Position: long HPQ stock @ $28.53

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

Long Mar $30 call (HPQ1422C30) entry $0.96

02/15/14 new stop loss @ 28.90
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.

chart:



JPMorgan Chase & Co - JPM - close: 58.15 change: +0.12

Stop Loss: 55.45
Target(s): 59.75
Current Gain/Loss: + 3.4%

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:
02/15/14: The rally in JPM is starting to look a little long-winded. Shares are up three weeks in a row and up nine sessions in a row. Broken resistance in the $56.50 area could be support. Don't be surprised when JPM sees a pullback. 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

chart:



Insulet Corp. - PODD - close: 44.48 change: -0.49

Stop Loss: 42.95
Target(s): 49.85
Current Gain/Loss: - 1.5%

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:
02/15/14: PODD delivered a disappointing performance on Friday. Shares tagged a new all-time high on Friday morning but then reversed and erased Thursday's gains. Broken resistance near $44.00 should offer some support. Traders can use a dip or a bounce near $44.00 as a new entry point.

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

chart:



Penn Virginia Corp. - PVA - close: 12.80 change: -0.25

Stop Loss: 12.25
Target(s): 17.00
Current Gain/Loss: + 2.0%

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:
02/15/14: The churning back and forth in PVA continues albeit with a slow drift higher. This trade is almost over. PVA is due to report earnings on Feb. 19th. The markets are closed on Monday. Tonight I am suggesting we plan on exiting Tuesday, Feb. 18th, at the closing bell. We'll adjust our stop loss up to $12.25.

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

02/15/14 new stop loss @ 12.25, prepare to exit on Tuesday at the closing bell
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

chart:



BEARISH Play Updates


None. We do not have any active bearish trades.




CLOSED BULLISH PLAYS

Adobe Systems - ADBE - close: 68.34 change: +1.30

Stop Loss: 64.80
Target(s): 68.00
Current Gain/Loss: +9.2%

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:
02/15/14: Target achieved.

Shares of ADBE continue to sprint higher with a +1.9% gain on Friday. The stock hit our suggested target at $68.00. Friday's move stretches ADBE's win streak to nine days in a row. I would expect $70 to be potential resistance.

Traders may want to keep ADBE on their watch list for a correction. A dip back to the $65-63 area might be a new entry point.

closed Position: Long ADBE stock @ $62.25 exit $68.00 (+9.2%)

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

MAR $62.50 call (ADBE1422C62.5) entry $2.40 exit $6.35* (+164.5%)

02/14/14 target hit at $68.00
*option exit price is an estimate since the option did not trade at the time our play was closed.
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

chart:



CLOSED BEARISH PLAYS

The Fresh Market, Inc. - TFM - close: 34.60 change: +0.34

Stop Loss: 34.85
Target(s): 30.25
Current Gain/Loss: - 0.7%

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:
02/15/14: Shares of TFM rallied in the last two hours of trading on Friday and the stock hit our stop loss at $34.85.

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.

closed Position: short TFM stock @ $34.60 exit $34.85 (-0.7%)

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

Long MAR $35 PUT (TFM1422o35) entry $2.90 exit $2.35* (-18.9%)

02/14/14 stopped out
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

chart: