Editor's Note:
The market's upward momentum stalled a bit on Friday following the jobs report and new developments in Ukraine.

DHI has been stopped out. We have removed GDX.


Current Portfolio:


BULLISH Play Updates

Alcoa Inc. - AA - close: 12.16 change: +0.10

Stop Loss: 11.55
Target(s): 12.95
Current Gain/Loss: + 5.3%

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:
03/08/14: Traders bought the dip on Friday at AA's 10-dma. The stock bounced and eventually outperformed the market with a +0.8% gain on Friday. The stock is just below resistance near its January highs (in the $12.30 area). 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

chart:



Dunkin' Brands Group - DNKN - close: 52.16 change: +0.73

Stop Loss: 50.65
Target(s): 57.50
Current Gain/Loss: + 3.0%

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:
03/08/14: Coffee is a big part of DNKN's business. The recent surge in coffee prices has some traders worried that margins could sink. The company's CEO was on CNBC Friday saying how the actual price of coffee is a relatively small part of their cost for each cup they sell.

His comments may or may not have influenced trading but shares outperformed the market with a +1.4% gain. 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.

chart:



Electronic Arts - EA - close: 29.38 change: +0.17

Stop Loss: 27.60
Target(s): 34.00
Current Gain/Loss: + 1.8%

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:
03/08/14: EA continues to inch higher, just a little bit everyday. The stock is now up six weeks in a row. Odds are good that the $30.00 level could be round-number resistance. We're hoping it turns out to be just short-term resistance. I am not suggesting new positions at current levels.

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

chart:



Flotek Industries - FTK - close: 27.05 change: -0.16

Stop Loss: 25.25
Target(s): 29.00
Current Gain/Loss: + 7.6%

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:
03/08/14: After another big up week for FTK the stock saw a little profit taking on Friday. Shares are now up six-weeks in a row. FTK is arguably short-term overbought at current levels. I am not suggesting new positions at this time.

Our plan was to exit our March $25 calls on Friday morning to lock in potential gains.

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) -

Mar $25 call (FTK1422C25) entry $0.90* exit $2.50++ (+177.7%)

03/07/14 planned exit for the March $25 calls
++option exit price is an estimate since the option did not trade at the time our play was closed.
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.

chart:



Ingram Micro Inc. - IM - close: 29.42 change: -0.38

Stop Loss: 28.75
Target(s): 34.00
Current Gain/Loss: - 2.4%

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:
03/08/14: Our IM trade appears to be in trouble. The move over $30.00 looks like a possible bull-trap pattern. Shares underperformed on Friday with a -1.27% decline. If IM doesn't bounce at its 10-dma near $29.25 then odds will jump of seeing IM hit our stop. I am not suggesting new positions at this time.

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)

chart:



The Manitowoc Co. - MTW - close: 30.73 change: +0.04

Stop Loss: 29.90
Target(s): 34.85
Current Gain/Loss: - 0.2%

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:
03/08/14: MTW has spent the last two days in a row churning sideways beneath the $31.00 level. If the market dips on Monday then odds are good we could see MTW retesting round-number support near $30.00. I am not suggesting new positions at this time.

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.

chart:



Oasis Petroleum - OAS - close: 43.98 change: -0.50

Stop Loss: 42.90
Target(s): 49.85
Current Gain/Loss: - 2.6%

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:
03/08/14: OAS continued to see profit taking on Friday morning. The stock found its intraday bottom about 1:00 p.m. and bounced back to support/resistance near $44.00. Friday's high was $44.49. I would wait for a rally past $44.60 before initiating new positions.

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.

chart:



Penn Virginia Corp. - PVA - close: 15.20 change: -0.26

Stop Loss: 14.49
Target(s): 18.50
Current Gain/Loss: + 0.0%

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:
03/08/14: I am urging caution on our PVA trade. There was no follow through on Thursday's bounce. The stock retested short-term support near $15.00. Bigger picture the action last week on the weekly chart looks like a potential top after a multi-week rally. I am adjusting our stop loss up to $14.49. I am not suggesting new positions at this time.

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*

03/08/14 new stop @ 14.49
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.

chart:



Quanta Services, Inc. - PWR - close: 36.51 change: +0.08

Stop Loss: 34.65
Target(s): 39.85
Current Gain/Loss: + 1.3%

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:
03/08/14: PWR gapped open higher on Friday morning but gains faded by the closing bell. Shares are up four weeks in a row. Traders can look for a dip near $36.00 as an alternative entry point.

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.

chart:



Sprint Corp. - S - close: 8.63 change: -0.25

Stop Loss: 8.40
Target(s): 10.50
Current Gain/Loss: -4.0%

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:
03/08/14: Sprint continued to sink on Friday thanks to growing worries that any merger with TMUS is going to be out of reach for Sprint and SoftBank.

Shares of S did find some support near $8.55 on Friday. More conservative traders might want to adjust their stop closer to $8.50. I am not suggesting new positions at this time.

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

chart:



Starz - STRZA - close: 33.00 change: -0.18

Stop Loss: 31.40
Target(s): 36.50
Current Gain/Loss: - 1.0%

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:
03/08/14: After a multi-day rally STRZA saw some profit taking on Friday. A dip near its 10-dma (near 32.50) could be a new entry point for bulls.

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

chart:



Tyson Foods, Inc. - TSN - close: 40.27 change: +0.10

Stop Loss: 38.45
Target(s): 44.50
Current Gain/Loss: + 0.3%

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:
03/08/14: TSN tested new short-term support near $40.00 for the second day in a row on Friday. I would still consider new positions 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

chart:



Tata Motors - TTM - close: 34.01 change: -0.68

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:
03/08/14: After a four-week rally TTM finally saw some profit taking and most of that was with Friday's -1.9% decline. The close below its 10-dma is short-term bearish. We are currently still on the sidelines waiting for a new high.

FYI: Keep an eye on the $33.00 area, which as prior resistance could be new support and possibly a new entry point.

Earlier Comments:
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)

chart:



BEARISH Play Updates


None. We do not have any active bearish trades.




CLOSED BULLISH PLAYS

DR Horton Inc. - DHI - close: 23.47 change: -0.39

Stop Loss: 23.65
Target(s): 27.50
Current Gain/Loss: -2.9%

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:
03/08/14: The homebuilders underperformed on Friday and DHI helped lead the group lower with a -1.6% decline. Our stop was hit at $23.65.

closed Position: Long DHI stock @ $24.35 exit $23.65 (-2.9%)

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

Apr $25 call (DHI1419D25) entry $0.96* exit $0.52** (-45.8%)

03/07/14 stopped out
**option exit price is an estimate since the option did not trade at the time our play was closed.
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.

chart:



Gold Miners ETF - GDX - close: 26.18 change: -0.61

Stop Loss: 25.90
Target(s): 30.00
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 06, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 38.8 million
New Positions: see below

Comments:
03/08/14: We are choosing to drop GDX as a candidate.

Ask ten people about gold and you'll probably get ten different answers. The gold miners and the GDX underperformed on Friday with a -2.2% decline. That's moving the wrong direction. Our trade has not opened yet so we're removing GDX as a candidate.

Interested traders may want to keep an eye on both the GDX and the GLD (gold ETF) as the dollar has fallen to recent support. A breakdown in the dollar could fuel gains in gold and the miners.

Trade did not open.

03/08/14 removed from the newsletter. suggested trigger was $27.15

chart: