Editor's Note:
The U.S. stock market spiked lower as investors reacted to news that the Fed might raise rates sooner than expected.

AA was closed. SYMC has been removed.


Current Portfolio:


BULLISH Play Updates

AVG Technologies - AVG - close: 20.66 change: -0.20

Stop Loss: 19.95
Target(s): 24.75
Current Gain/Loss: -2.1%

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:
03/19/14: AVG drifted lower all day. Shares look poised to test short-term support near $20.50. If that level fails then the next support level should be $20.00. I am not suggesting new positions at the moment.

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: 52.24 change: -0.43

Stop Loss: 50.65
Target(s): 57.50
Current Gain/Loss: + 3.1%

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:
03/19/14: DNKN reversed under short-term resistance near $53.00 this morning. If the market weakness continues tomorrow then DNKN might be headed for support in the $51.00 area. I am not suggesting new positions at this time.

Our plan was to exit our March calls at the closing bell today.

current Position: long DNKN stock @ $50.65

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

(closed on March 19th)
MAR $50 call (DNKN1422C50) entry $1.50* exit $1.90 (+26.6%)

03/19/14 planned exit for the March calls
03/18/14 plan to exit our March calls tomorrow at the closing bell
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.



Electronic Arts - EA - close: 30.23 change: -0.01

Stop Loss: 28.45
Target(s): 34.00
Current Gain/Loss: + 4.8%

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:
03/19/14: EA managed to weather the market's weakness pretty well today. Traders bought the dip and EA closed virtually unchanged. 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



Flotek Industries - FTK - close: 27.13 change: -0.24

Stop Loss: 25.70
Target(s): 29.50
Current Gain/Loss: + 7.9%

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:
03/19/14: FTK found a little support near $27.00 this afternoon. More conservative traders may want to adjust their stop loss 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) -

(options closed on March 7th)
Mar $25 call (FTK1422C25) entry $0.90* exit $2.50++ (+177.7%)

03/18/14 adjust the exit target from $29.00 to $29.50
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.



LogMeln - LOGM - close: 46.40 change: -0.59

Stop Loss: 43.60
Target(s): 52.50
Current Gain/Loss: + 0.5%

Entry on March 17 at $46.15
Listed on March 15, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 490 thousand
New Positions: see below

Comments:
03/19/14: LOGM gave back more than half of yesterday's gains. However, the stock did manage to hold new support at the $46.00 level. The afternoon high was $46.85. Traders may want to buy a rally past this level.

Earlier Comments:
We want to keep our position size small to limit our risk since LOGM does have potential resistance in the $47-48 zone dating back to 2010. Our short-term target is $49.85. More aggressive investors may want to aim higher since the Point & Figure chart for LOGM is bullish with a $68.50 target.

*small positions*

current Position: long LOGM stock @ $46.15

03/18/14 adjust exit target from $49.85 to $52.50
03/17/14 triggered @ 46.15



Quanta Services, Inc. - PWR - close: 36.12 change: -0.03

Stop Loss: 34.85
Target(s): 39.85
Current Gain/Loss: + 0.3%

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:
03/19/14: Traders bought the dip in PWR at $35.97 this morning and then again this afternoon when the market turned south. The stock managed to close almost unchanged, which is a lot better than the -0.6% drop in the S&P 500.

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.



Sierra Wireless Inc. - SWIR - close: 23.97 change: -0.32

Stop Loss: 23.40
Target(s): 29.75
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 18, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 857 thousand
New Positions: Yes, see below

Comments:
03/19/14: SWIR turned lower this morning and then spent most of the day drifting sideways in the $23.85-24.00 zone. Traders did buy the dip near its 10-dma. I don't see any changes from our Tuesday night new play description.

Earlier Comments:
The last week and a half look like a sideways consolidating and SWIR is on the verge of breaking out again. I see short-term resistance near $24.50. We're suggesting a trigger to open small bullish positions at $24.55. More conservative investors may want to wait for a rally past Monday's high of $24.84 as an alternative entry point. The January highs near $26.35 could be potential resistance but we're aiming for $29.75. The Point & Figure chart for SWIR is bullish with a $42.50 target.

Trigger @ 24.55

Suggested Position: buy SWIR stock @ 24.55



Tyson Foods, Inc. - TSN - close: 41.91 change: -0.42

Stop Loss: 39.90
Target(s): 46.50
Current Gain/Loss: + 4.4%

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:
03/19/14: TSN tagged another new high this morning before succumbing to the market's widespread weakness. Look for short-term support near $41.00 and $40.00.

*small positions*

current Position: Long TSN stock @ $40.15

03/18/14 new stop @ 39.90, adjust exit target from $44.50 to $46.50
03/15/14 new stop @ 39.45
03/12/14 new stop @ 38.95
03/05/14 triggered @ 40.15



BEARISH Play Updates

CH Robinson Worldwide Inc. - CHRW - close: 50.54 change: -0.42

Stop Loss: 52.35
Target(s): 40.75
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 15, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.6 million
New Positions: Yes, see below

Comments:
03/19/14: CHRW dropped at the open this morning but then spent almost the entire day drifting sideways in the $50.50-50.70 zone. The market's post-FOMC meeting sell-off did push CHRW to $50.22. The $50.00 level remains potential support. We want to launch bearish positions at $49.75.

Trigger @ 49.75

Suggested Position: short CHRW stock @ (trigger)

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

Buy the Apr $50 PUT (CHRW1419P50)

03/18/14 adjust exit target from $45.00 to $40.75



Pegasystems Inc. - PEGA - close: 38.29 change: -0.06

Stop Loss: 39.05
Target(s): 36.05
Current Gain/Loss: + 3.7%

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:
03/19/14: It looks like the bounce in PEGA has stalled at its 10-dma. We are going to try and reduce our risk by moving the stop loss down to $39.05. I am not suggesting new positions at this time.

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*

03/19/14 new stop @ 39.05
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.



Rackspace Hosting - RAX - close: 34.60 change: -0.61

Stop Loss: 36.55
Target(s): 31.10
Current Gain/Loss: + 1.9%

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:
03/19/14: As expected the bounce in RAX is rolling over. Shares look poised to retest short-term support near $34.00 soon.

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.



Theravance Inc. - THRX - close: 34.36 change: +0.58

Stop Loss: 34.75
Target(s): to be determined
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 17, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 761 thousand
New Positions: Yes, see below

Comments:
03/19/14: THRX outperformed the market with a +1.7% gain today. Relative strength is not what we want to see in our bearish candidates. If shares continue to rally we will drop the stock soon.

Earlier Comments:
I am suggesting a trigger to open small bearish positions at $32.85. I am not setting a target yet but more conservative traders might want to exit near $30.00, which could be round-number support.

I want to remind investors that biotechs can be volatile stocks to trade. You may want to consider buying the put options as a way to limit your risk. THRX does have above average short interest. The most recent data listed short interest at 25% of the 58 million share float. That does raise the risk of a short squeeze.

It's also worth noting that THRX just announced plans to split their company into two listed companies sometime in the second quarter of this year.

FYI: The Point & Figure chart for THRX is bearish with a $25.00 target.

Trigger @ 32.85

Suggested Position: short THRX stock @ (trigger)

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

Buy the Apr $30 PUT (THRX1419P30)




CLOSED BULLISH PLAYS

Alcoa Inc. - AA - close: 11.84 change: -0.16

Stop Loss: 11.59
Target(s): 12.95
Current Gain/Loss: + 4.0%

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:
03/19/14: In last night's newsletter we decided to close our AA trade early and exit this morning. The stock gapped higher at $12.01 before reversing into a -1.33% decline.

FYI: AA's earnings are coming up on April 8th.

closed Position: Long AA stock @ $11.55 exit $12.01 (+4.0%)

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

APR $12 call (AA1419D12) entry $0.47 exit $0.52 (+10.6%)

03/18/14 prepare to exit tomorrow morning (03/19/14)
03/17/14 new stop loss @ 11.59
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:



CLOSED BEARISH PLAYS

Symantec Corp. - SYMC - close: 20.58 change: +0.07

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: see below

Comments:
03/19/14: SYMC is not cooperating. Shares are up four days in a row. Our plan was to open bearish positions at $19.85 but that seems unlikely now. We are removing SYMC from the newsletter.

Trade did not open.

03/19/14 removed from the newsletter, suggested trigger was $19.85

chart: