Editor's Note:
The major U.S. indices consolidated sideways ahead of the Friday morning jobs report.

IM, PWR, and STRZA hit our entry triggers.


Current Portfolio:


BULLISH Play Updates

Alcoa Inc. - AA - close: 12.06 change: -0.04

Stop Loss: 11.55
Target(s): 12.95
Current Gain/Loss: + 4.4%

Entry on February 19 at $11.55
Listed on February 11, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 39 million
New Positions: see below

Comments:
03/06/14: Shares of AA were downgraded today although the news didn't have that much impact. The stock spiked higher this morning and briefly traded above its January highs near $12.30 before reversing lower. A failure here would look like a bearish double top. I am not suggesting new positions at this time.

Earlier Comments:
Our multi-week target is $12.95. The Point & Figure chart for AA is very bullish with a $20.00 target.

current Position: Long AA stock @ $11.55

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

Long APR $12 call (AA1419D12) entry $0.47

03/05/14 new stop loss @ 11.55
02/26/14 new stop loss @ 11.45
02/22/14 new stop loss @ 11.25
02/19/14 triggered at $11.55



DR Horton Inc. - DHI - close: 23.86 change: -0.10

Stop Loss: 23.65
Target(s): 27.50
Current Gain/Loss: -2.0%

Entry on February 26 at $24.35
Listed on February 25, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.0 million
New Positions: see below

Comments:
03/06/14: Homebuilding stocks were mixed today. DHI almost hit our stop loss with an intraday low of $23.69. Our stop is at $23.65 and if shares see any follow through lower tomorrow we can expect to be stopped out.

current Position: Long DHI stock @ $24.35

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

Long Apr $25 call (DHI1419D25) entry $0.96*

03/05/14 new stop loss @ 23.65
02/26/14 triggered @ 24.35
*option entry price is an estimate since the option did not trade at the time our play was opened.



Dunkin' Brands Group - DNKN - close: 51.43 change: +0.26

Stop Loss: 50.65
Target(s): 57.50
Current Gain/Loss: + 1.5%

Entry on February 19 at $50.65
Listed on February 18, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.1 million
New Positions: see below

Comments:
03/06/14: DNKN did not confirm yesterday's bearish reversal pattern. I am not suggesting new positions. More conservative traders could raise their stop again.

Earlier Comments:
FYI: The Point & Figure chart for DNKN is bullish with a $60.00 target.

current Position: long DNKN stock @ $50.65

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

Long MAR $50 call (DNKN1422C50) entry $1.50*

03/04/14 new stop @ 50.65
02/25/14 new stop @ 49.75
02/19/14 triggered @ 50.65
*option entry price is an estimate since the option did not trade at the time our play was opened.



Electronic Arts - EA - close: 29.21 change: +0.12

Stop Loss: 27.60
Target(s): 34.00
Current Gain/Loss: + 1.2%

Entry on March 04 at $28.85
Listed on March 01, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 5.0 million
New Positions: see below

Comments:
03/06/14: EA continues to push higher and tagged new multi-year highs with today's spike to $29.65. The intraday pullback might suggest more profit taking ahead. I would not be surprised to see a dip toward its 10-dma again.

Earlier Comments:
We want to keep our position size small to limit our risk. Our multi-week target is $34.00. The Point & Figure chart for EA is bullish with a $43.00 target.

*small positions*

current Position: Long EA stock @ $28.85

03/04/14 new stop @ 27.60
03/04/14 triggered @ 28.85



Flotek Industries - FTK - close: 27.21 change: +0.49

Stop Loss: 25.25
Target(s): 29.00
Current Gain/Loss: + 8.2%

Entry on February 24 at $25.15
Listed on February 18, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 976 thousand
New Positions: see below

Comments:
03/06/14: The relative strength in FTK continues with a +1.8% gain on top of its earlier gains this week. Shares look short-term overbought here. I am adjusting our exit target down to $29.00. More conservative traders may want to take some money off the table. I am moving our stop loss to $25.25.

Please note that I am also suggesting we exit our March $25 calls immediately at the opening bell tomorrow. The current bid/ask is $2.15/2.60.

Earlier Comments:

FYI: The Point & Figure chart for FTK is bullish with a $31.00 target.

*small positions*

current Position: long FTK stock @ $25.15

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

Long Mar $25 call (FTK1422C25) entry $0.90*

03/06/14 new stop loss @ 25.25, adjust target to 29.00
prepare to exit our March $25 calls Friday morning.
03/04/14 new stop loss @ 24.90, adjust target to $29.50
03/03/14 new stop loss @ 24.40
02/24/14 triggered @ $25.15
*option entry price is an estimate since the option did not trade at the time our play was opened.



Ingram Micro Inc. - IM - close: 29.80 change: -0.06

Stop Loss: 28.75
Target(s): 34.00
Current Gain/Loss: - 1.2%

Entry on March 06 at $30.15
Listed on March 05, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: see below

Comments:
03/06/14: Our new play on IM has been triggered but I am urging caution here. The stock spiked higher this morning and hit an intraday high of exactly $30.15. That happened to be our suggested entry point to open bullish positions. IM spent the rest of the day fading lower. At this point I would wait for a rally past $30.15 before initiating new positions.

current Position: Long IM stock @ $30.15

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

Long JUN $30 call (IM1421F30) entry $1.50

03/06/14 triggered at $30.15 (happened to be the intraday high)



The Manitowoc Co. - MTW - close: 30.69 change: +0.25

Stop Loss: 29.90
Target(s): 34.85
Current Gain/Loss: - 0.3%

Entry on February 27 at $30.79
Listed on February 26, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.9 million
New Positions: see below

Comments:
03/06/14: MTW displayed some strength today with a +0.8% gain. The stock did not see any follow through on yesterday's bearish reversal candlestick.

Earlier Comments:
The plan was to keep our position size small to limit risk.

*Small positions*

current Position: Long MTW stock @ $30.79

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

Long Apr $30 call (MTW1419D30) entry $2.05*

03/04/14 new stop loss @ 29.90
02/27/14 trade opens at $30.79
*option entry price is an estimate since the option did not trade at the time our play was opened.



Oasis Petroleum - OAS - close: 44.48 change: +0.32

Stop Loss: 42.90
Target(s): 49.85
Current Gain/Loss: - 1.5%

Entry on March 04 at $45.15
Listed on March 03, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.7 million
New Positions: see below

Comments:
03/06/14: OAS bounced near support in the $44 area and its 200-dma. A new rally above $45.00 could be used as a bullish entry point. More conservative traders may want to raise their stop loss higher.

Earlier Comments:
Our target is $49.85. I do expect OAS to see some short-term resistance near $48.00.

current Position: Long OAS stock @ $45.15

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

Long Apr $45 call (OAS1419D45) entry $2.50*

03/05/14 new stop @ 42.90
03/04/14 triggered @ 45.15
*option entry price is an estimate since the option did not trade at the time our play was opened.



Penn Virginia Corp. - PVA - close: 15.46 change: +0.26

Stop Loss: 14.29
Target(s): 18.50
Current Gain/Loss: + 1.7%

Entry on February 28 at $15.20
Listed on February 27, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.8 million
New Positions: see below

Comments:
03/06/14: PVA dipped to its simple 10-dma and bounced. Shares outpaced the market with a +1.7% gain. If you were looking for a new entry point then today's rebound could work.

Earlier Comments:
A breakout could spark some short covering. The most recent data listed short interest at 14% of the very small 19.4 million share float.

current Position: Long PVA stock @ $15.20

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

Long APR $15 call (PVA1419D15) entry $1.25*

02/28/14 triggered @ 15.20
*option entry price is an estimate since the option did not trade at the time our play was opened.



Quanta Services, Inc. - PWR - close: 36.43 change: +0.63

Stop Loss: 34.65
Target(s): 39.85
Current Gain/Loss: + 1.1%

Entry on March 06 at $36.05
Listed on March 04, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.0 million
New Positions: see below

Comments:
03/06/14: Our new play on PWR has been triggered. The stock quietly consolidated sideways below the $35.90 level for about an hour this morning. Then suddenly PWR surged higher and rallied the rest of the day. PWR ended the session with a +1.75% gain and new multi-year highs.

current Position: Long PWR stock @ $36.05

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

Long Apr $35 call (PWR1419D35) entry $1.70*

03/06/14 triggered @ 36.05
*option entry price is an estimate since the option did not trade at the time our play was opened.



Sprint Corp. - S - close: 8.88 change: -0.24

Stop Loss: 8.40
Target(s): 10.50
Current Gain/Loss: -1.2%

Entry on March 04 at $ 8.99
Listed on March 03, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 21 million
New Positions: see below

Comments:
03/06/14: The selling that began late yesterday continued into Thursday. Investors are worried that regulatory hurdles may prevent TMUS from merging wit Sprint. Shares of Sprint fell to $8.75 before starting to bounce. Traders may want to wait for a new rally above $9.00 before initiating positions.

Earlier Comments:
Our multi-week target is $10.50. The Point & Figure chart for S is bullish with an $11 target.

current Position: Long S stock @ $8.99

03/05/14 new stop @ 8.40
03/04/14 trade opens on gap higher at $8.99



Starz - STRZA - close: 33.18 change: +0.21

Stop Loss: 31.40
Target(s): 36.50
Current Gain/Loss: - 0.5%

Entry on March 06 at $33.35
Listed on March 05, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
03/06/14: Shares of STRZA extended its gains to four up days in a row. The stock hit our suggested entry point at $33.35 intraday. I would still consider new positions now at current levels.

current Position: Long STRZA stock @ $33.35

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

Long Apr $35 call (STRZA1419D35) entry $0.76

03/06/14 triggered @ 33.35



Tyson Foods, Inc. - TSN - close: 40.17 change: -0.25

Stop Loss: 38.45
Target(s): 44.50
Current Gain/Loss: + 0.0%

Entry on March 05 at $40.15
Listed on March 01, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.3 million
New Positions: see below

Comments:
03/06/14: TSN retreated back toward the $40 level today. I don't see any changes from my prior comments and would still consider new positions now at current levels.

Earlier Comments:
We are suggesting small bullish positions if TSN can trade at $40.15. If triggered our multi-week target is $44.50.

*small positions*

current Position: Long TSN stock @ $40.15

03/05/14 triggered @ 40.15



Tata Motors - TTM - close: 34.69 change: +0.03

Stop Loss: 33.90
Target(s): 39.75
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 04, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.75 million
New Positions: Yes, see below

Comments:
03/06/14: TTM is still consolidating sideways. We are waiting on a breakout higher.

Earlier Comments:
TTM is below round-number resistance near $35.00. Tuesday's high was $35.25. I am suggesting a trigger to launch bullish positions at $35.40. If triggered our target is $39.75. More aggressive investors may want to aim higher since the Point & Figure chart for TTM is very bullish with a long-term $52.00 target.

Trigger @ 35.40

Suggested Position: buy TTM stock @ (trigger)

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

Buy the Apr $35 call (TTM1419D35)



BEARISH Play Updates


None. We do not have any active bearish trades.