Editor's Note:
Equity markets were down across the world with the Chinese Shanghai index the main exception.

AVG hit our entry trigger. CSH was stopped out.

We want to exit the options on our NXST trade.


Current Portfolio:


BULLISH Play Updates

Alcoa Inc. - AA - close: 11.86 change: -0.31

Stop Loss: 11.55
Target(s): 12.95
Current Gain/Loss: + 2.7%

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:
03/13/14: Ouch! AA reversed sharply with a -2.5% drop toward technical support at its 20-dma. More conservative traders may want to raise their stop loss. 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



AVG Technologies - AVG - close: 21.10 change: +0.10

Stop Loss: 19.95
Target(s): 24.75
Current Gain/Loss: +0.0%

Entry on March 13 at $21.10
Listed on March 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 716 thousand
New Positions: see below

Comments:
03/13/14: Our new play on AVG has been triggered. The plan was to open bullish positions at $21.10. Shares actually gapped open higher this morning at $21.10. Market weakness helped pull AVG lower midday but the stock recovered to close above short-term resistance at $21.00.

FYI: The Point & Figure chart for AVG is bullish with a $32.50 target.

current Position: Long AVG stock @ $21.10

03/13/14 triggered @ 21.10



Dunkin' Brands Group - DNKN - close: 51.69 change: -0.75

Stop Loss: 50.65
Target(s): 57.50
Current Gain/Loss: + 2.0%

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:
03/13/14: DNKN spiked down toward $51.00 this morning. Shares pared their losses but still underperformed the broader market with a -1.4% decline. Technically some of the momentum indicators have turned bearish like the MACD and RSI on DNKN's daily chart.

I am not suggesting new positions.

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: 29.71 change: -0.27

Stop Loss: 27.90
Target(s): 34.00
Current Gain/Loss: + 3.0%

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:
03/13/14: Bank of America downgraded EA from a "buy" to a "neutral" this morning. Shares held up reasonably well considering the widespread market declines and the downgrade. I am not suggesting new positions at this time.

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

03/11/14 new stop @ 27.90
03/04/14 new stop @ 27.60
03/04/14 triggered @ 28.85



Flotek Industries - FTK - close: 26.37 change: -0.33

Stop Loss: 25.70
Target(s): 29.00
Current Gain/Loss: + 4.9%

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:
03/13/14: FTK gave back a good chunk of yesterday's gains. Fortunately traders bought the dip near $26.00 again. I am moving our stop loss higher to $25.70. I am not suggesting new positions at this time.

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%)

03/13/14 new stop loss @ 25.70
03/11/14 new stop loss @ 25.45
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.



Prothena Corp. - PRTA - close: 38.34 change: -1.90

Stop Loss: 37.95
Target(s): 47.50
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 216 thousand
New Positions: Yes, see below

Comments:
03/13/14: It was a rough day for PRTA. The stock reversed with a -4.7% plunge to settle on the $38 level and short-term support at its 10-dma. Today's move has generated a bearish engulfing candlestick reversal pattern. If PRTA confirms this reversal tomorrow then we will most likely drop it as a bullish candidate.

Earlier Comments:
I am suggesting a trigger to launch positions at $40.70. If triggered our initial target is $47.50. The Point & Figure chart for PRTA is bullish with a $47.00 target.

NOTE: Biotech stocks can be volatile. The wrong headline could send shares crashing. I am suggesting small positions to limit risk.

Trigger @ 40.70 *small positions*

Suggested Position: buy PRTA stock @ (trigger)



Quanta Services, Inc. - PWR - close: 35.27 change: -0.19

Stop Loss: 34.85
Target(s): 39.85
Current Gain/Loss: - 2.2%

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:
03/13/14: PWR's early morning rally failed and shares dipped to what should be support near $35.00. Today marks its fifth decline in a row. I am raising our stop loss to $34.85. I am not suggesting new positions at this time.

current Position: Long PWR stock @ $36.05

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

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

03/13/14 new stop loss @ 34.85
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.



Starz - STRZA - close: 32.66 change: +0.33

Stop Loss: 31.40
Target(s): 36.50
Current Gain/Loss: - 2.1%

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:
03/13/14: STRZA bucked the market's trend today and posted a gain. The stock shot higher this morning thanks to an analyst upgrade. Given the broader market's performance today I am not suggesting new positions in STRZA at the moment.

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: 40.47 change: +0.00

Stop Loss: 38.95
Target(s): 44.50
Current Gain/Loss: + 0.8%

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:
03/13/14: TSN spent most of Thursday's session drifting sideways. The stock found support near $40.30 multiple times. By the closing bell TSN was unchanged on the session. Considering the market's widespread weakness, investors may want to wait for TSN to hit new highs before initiating positions (above $40.80).

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

03/12/14 new stop @ 38.95
03/05/14 triggered @ 40.15



BEARISH Play Updates

Nexstar Broadcasting Group - NXST - close: 36.15 change: -2.18

Stop Loss: 39.05
Target(s): 35.10
Current Gain/Loss: + 8.2%

Entry on March 11 at $39.40
Listed on March 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 739 thousand
New Positions: see below

Comments:
03/13/14: NXST underperformed the market with a -5.6% plunge. The intraday low was $35.62. Our exit target is $35.10. More aggressive traders may want to aim lower.

Please note that our new stop loss is $39.05. Plus, I am suggesting an immediate exit for our April $40 puts. Plan to exit these tomorrow morning at the opening bell.

FYI: The Point & Figure chart for NXST is bearish with a $27.00 target.

current Position: Short NXST stock @ $39.40

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

Long Apr $40 PUT (NXST1419P40) entry $2.70*

03/13/14 new stop @ 39.05
Prepare to exit our April $40 puts tomorrow morning
03/11/14 triggered @ 39.40
*option entry price is an estimate since the option did not trade at the time our play was opened.



Pegasystems Inc. - PEGA - close: 37.63 change: -0.87

Stop Loss: 40.30
Target(s): 35.25
Current Gain/Loss: + 5.3%

Entry on March 10 at $39.75
Listed on March 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 140 thousand
New Positions: see below

Comments:
03/13/14: PEGA also underperformed the broader market with a -2.25% decline. I am moving our stop loss down to $40.30.

Earlier Comments:
Readers may want to use the put options to limit their risk. FYI: The Point & Figure chart for PEGA is bearish with a $35.00 target.

current Position: short PEGA stock @ $39.75

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

Long APR $40 PUT (PEGA1419P40) entry $2.25*

03/13/14 new stop @ 40.30
03/12/14 new stop @ 41.10
03/10/14 triggered @ 39.75
*option entry price is an estimate since the option did not trade at the time our play was opened.



Rackspace Hosting - RAX - close: 34.32 change: -2.08

Stop Loss: 37.05
Target(s): 31.10
Current Gain/Loss: + 2.7%

Entry on March 12 at $35.28
Listed on March 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.7 million
New Positions: see below

Comments:
03/13/14: RAX has reversed sharply lower with today's -5.7% decline. The close under $35.00 is bearish.

Earlier Comments:
Due to RAX's recent volatility I am suggesting small positions or you may want to buy put options to limit your risk. The Point & Figure chart for RAX is bearish with a $21.00 target.

current Position: short RAX stock @ $35.28

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

Long Apr $35 PUT (RAX1419P35) entry $1.85*

03/12/14 triggered on gap down at $35.28. Suggested entry was $35.45
*option entry price is an estimate since the option did not trade at the time our play was opened.




CLOSED BULLISH PLAYS

Cash America Intl. - CSH - close: 39.14 change: -3.53

Stop Loss: 39.85
Target(s): 48.00
Current Gain/Loss: - 6.0%

Entry on March 10 at $42.40
Listed on March 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 300 thousand
New Positions: see below

Comments:
03/13/14: Wow! It was an ugly day for CSH. Shares started off slowly fading lower. Then midday the sell-off accelerated and CSH plunged toward technical support near its 50-dma and 100-dma near $38.50. CSH ended the session down -8.2%.

Why did CSH drop so fast? The culprit appears to be World Acceptance (WRLD). Shares of WRLD crashed -20% today on news that the U.S. Consumer Financial Protection Bureau was investigating the company's business practices.

Traders sold everything even remotely related short-term loans and the payday loan business. That's why CSH was hit so hard today, on fears that the government might also broaden their investigation to include them.

Our stop loss was hit at $39.85.

*small positions*

closed Position: Long CSH stock @ $42.40 exit $39.85 (-6.0%)

03/13/14 stopped out
03/10/14 triggered @ 42.40

chart: