Editor's Note:
The U.S. market suffered one of its worst weeks of the year as investors reacted to disappointing economic data out of China and growing tensions with Russia over its invasion of Ukraine and the upcoming Crimea referendum.


Current Portfolio:


BULLISH Play Updates

Alcoa Inc. - AA - close: 11.84 change: -0.02

Stop Loss: 11.55
Target(s): 12.95
Current Gain/Loss: + 2.5%

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:
03/15/14: During the market's weakness on Friday shares of AA dipped to technical support near its rising 30-dma and 40-dma. AA pared its losses to just -0.16% (versus -0.28% for the S&P 500). The stock was upgraded on Friday and given a $15 price target. Jim Cramer also suggested investors buy AA on weakness given the auto industry's need for more aluminum (as they try to make cars weigh less for better gas mileage).

The low on Friday was $11.61. Our stop loss is currently at $11.55. If the market sees any follow through lower on Monday we will likely see shares hit our stop. 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:



AVG Technologies - AVG - close: 20.58 change: -0.52

Stop Loss: 19.95
Target(s): 24.75
Current Gain/Loss: -2.5%

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:
03/15/14: AVG reversed near Thursday's high and posted a -2.4% decline on Friday. Look for potential support at the 10-dma or the $20.00 mark. I would wait for a bounce before considering new bullish positions.

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

chart:



Dunkin' Brands Group - DNKN - close: 52.25 change: +0.56

Stop Loss: 50.65
Target(s): 57.50
Current Gain/Loss: + 3.2%

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:
03/15/14: DNKN was showing strength on Friday with a +1.0% gain. The stock reclaimed its 10-dma, which is a good sign. More conservative investors might want to move their stop closer to the $51.00 level, which was support last week.

Please note that we only have FIVE trading days left on our March options. Option traders should plan an exit soon. The current bid/ask on our March $50 call is $2.00/2.35.

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*

03/15/14 only five days left on our March options
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: 29.60 change: -0.11

Stop Loss: 28.45
Target(s): 34.00
Current Gain/Loss: + 2.6%

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:
03/15/14: Hmm... did we just witness a top in EA? The stock rallied past resistance near $30.00 on Friday morning only to reverse midday and close negative. If this a failed rally near resistance? I am moving our stop loss to $28.45. More conservative traders may want to move their stop closer to $29.00 instead. 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

03/15/14 new stop @ 28.45
03/11/14 new stop @ 27.90
03/04/14 new stop @ 27.60
03/04/14 triggered @ 28.85

chart:



Flotek Industries - FTK - close: 26.64 change: +0.27

Stop Loss: 25.70
Target(s): 29.00
Current Gain/Loss: + 5.9%

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:
03/15/14: FTK recovered a good chunk of Thursday's losses with a +1.0% bounce on Friday. The $26.00 level is still holding up as support. Last week's decline snapped an eight-week winning streak. The trend remains higher. 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.

chart:



Prothena Corp. - PRTA - close: 38.88 change: +0.54

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:
03/15/14: PRTA briefly traded below short-term technical support at its 10-dma on Friday. The stock reversed and outperformed the market with a +1.4% gain. Currently we are still on the sidelines waiting for a new high.

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)

chart:



Quanta Services, Inc. - PWR - close: 35.35 change: +0.08

Stop Loss: 34.85
Target(s): 39.85
Current Gain/Loss: - 1.9%

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:
03/15/14: PWR is trying to bounce from the $35.00 level. After a five-day drop the stock rebounded +0.22% on Friday. I would wait for a rally above its 10-dma (near $35.80) before considering new bullish positions.

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.

chart:



Starz - STRZA - close: 32.33 change: -0.33

Stop Loss: 31.40
Target(s): 36.50
Current Gain/Loss: - 3.1%

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:
03/15/14: STRZA has spent the last several days consolidating sideways in the $31.50-33.50 zone. At this point investors may want to wait for a close above $33.50 before considering new bullish positions.

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: 41.48 change: +1.01

Stop Loss: 39.45
Target(s): 44.50
Current Gain/Loss: + 3.3%

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:
03/15/14: TSN shrugged off market weakness and continued to push to new all-time highs. Shares displayed relative strength with a +2.5% gain. I am raising our stop loss to $39.45.

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

03/15/14 new stop @ 39.45
03/12/14 new stop @ 38.95
03/05/14 triggered @ 40.15

chart:



BEARISH Play Updates

Nexstar Broadcasting Group - NXST - close: 36.70 change: +0.55

Stop Loss: 39.20
Target(s): 35.10
Current Gain/Loss: + 6.9%

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:
03/15/14: After a multi-day drop shares of NXST managed an oversold bounce on Friday (+1.5%). I am making a small adjustment to our stop loss and moving it from $39.05 to $39.20. I'm not suggesting new positions at this time.

Our exit target is $35.10. More aggressive traders may want to aim lower.

Our plan was to exit our April $40 puts on Friday morning (March 14th). The gap down at $35.88 on Friday morning should have helped our exit price.

current Position: Short NXST stock @ $39.40

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

(option position closed on Friday, March 14th)
Apr $40 PUT (NXST1419P40) entry $2.70* exit $4.50** (+66.6%)

03/15/14 adjust stop loss to $39.20
**option exit price is an estimate since the option did not trade at the time our play was closed.
03/14/14 planned exit for April $40 puts
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.

chart:



Pegasystems Inc. - PEGA - close: 36.98 change: -0.65

Stop Loss: 40.30
Target(s): 36.05
Current Gain/Loss: + 7.0%

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:
03/15/14: PEGA continued to sink on Friday and underperformed the market with a -1.72% decline. Please note that I am adjusting our exit target from $35.25 to $36.05.

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*

03/15/14 adjust exit target to $36.05 (from 35.25).
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.

chart:



Rackspace Hosting - RAX - close: 34.46 change: +0.14

Stop Loss: 36.55
Target(s): 31.10
Current Gain/Loss: + 2.3%

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:
03/15/14: RAX bounced a bit on Friday after its big drop the day before. I don't see any changes from my prior comments. However, we will adjust the stop loss down to $36.55.

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*

03/15/14 new stop @ 36.55
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.

chart:



Symantec Corp. - SYMC - close: 20.16 change: +0.11

Stop Loss: 20.75
Target(s): 18.00
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 13, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 6.9 million
New Positions: Yes, see below

Comments:
03/15/14: SYMC bounced from support near $20.00 and managed a +0.5% gain on Friday. Yet shares were retreating from their intraday highs. We are waiting for a breakdown below support.

I am suggesting a trigger to open bearish positions at $19.85. If triggered our target is the $18.00-17.00 zone.

Trigger @ 19.85

Suggested Position: short SYMC stock @ (trigger)

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

Buy the JUL $20 PUT (SYMC1419S20) current ask $1.24

chart: