Editor's Note:
After underperforming last week the small cap Russell 2000 index outperformed its big cap rivals with a +1.8% gain today.

MTZ hit our new stop loss. NSTG was closed this morning.


Current Portfolio:


BULLISH Play Updates

Delta Air Lines - DAL - close: 34.65 change: +1.12

Stop Loss: 32.80
Target(s): to be determined
Current Gain/Loss: + 0.1%

Entry on March 28 at $34.60
Listed on March 27, 2014
Time Frame: exit PRIOR to earnings on April 23rd
Average Daily Volume = 11.6 million
New Positions: Yes, see below

Comments:
03/31/14: DAL was a big winner today with a +3.3% gain. Today's rebound looks like a new bullish entry point.

We will plan to exit prior to DAL's earnings report on April 23rd.

current Position: long DAL stock @ $34.60

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

Long May $35 call (DAL1417E35) entry $1.55*

03/28/14 triggered @ 34.60



Quanta Services, Inc. - PWR - close: 36.90 change: +0.04

Stop Loss: 35.75
Target(s): 39.85
Current Gain/Loss: + 2.4%

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:
03/31/14: PWR gapped open higher this morning but the rally failed near its mid-March highs. Shares gave back nearly all of their gains. 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*

03/27/14 new stop loss @ 35.75
03/22/14 new stop loss @ 35.45
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.



Tyson Foods, Inc. - TSN - close: 44.01 change: +0.86

Stop Loss: 42.25
Target(s): 46.50
Current Gain/Loss: + 9.6%

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:
03/31/14: TSN was another strong performer today with a +1.99% gain and another new high. Shares are up almost 10% from our entry point. Readers may want to start taking some money off the table. I am not suggesting new positions at this time.

*small positions*

current Position: Long TSN stock @ $40.15

03/29/14 new stop @ 42.25
03/27/14 new stop @ 41.35
03/22/14 new stop @ 40.65
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



Wells Fargo & Co. - WFC - close: 49.74 change: +0.45

Stop Loss: 48.75
Target(s): to be determined
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 29, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 17.6 million
New Positions: Yes, see below

Comments:
03/31/14: WFC added +0.9% and is getting closer to a bullish breakout past round-number resistance at $50.00. I do not see any changes from the weekend's new play description.

We are suggesting a trigger to open bullish positions at $50.15. I am not setting an exit target.

Trigger @ 50.15

Suggested Position: buy WFC stock @ (trigger)

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

Buy the May $50 call (WFC1417E50) current ask $0.88



BEARISH Play Updates

OSI Systems, Inc. - OSIS - close: 59.86 change: +0.72

Stop Loss: 62.05
Target(s): to be determined
Current Gain/Loss: -0.2%

Entry on March 27 at $59.75
Listed on March 26, 2014
Time Frame: exit PRIOR to earnings in late April
Average Daily Volume = 155 thousand
New Positions: see below

Comments:
03/31/14: The bounce in OSIS today failed near technical resistance at its 50-dma. Readers may want to wait for a new drop under $59.40 before initiating new positions.

current Position: short OSIS stock @ $59.75

03/27/14 triggered @ 59.75



Theravance Inc. - THRX - close: 30.94 change: +0.77

Stop Loss: 32.85
Target(s): to be determined
Current Gain/Loss: + 5.8%

Entry on March 21 at $32.85
Listed on March 17, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 761 thousand
New Positions: see below

Comments:
03/31/14: I cautioned readers that THRX could see a bounce from the $30.00 level. Shares added +2.5% today. Biotechs were some of the market's best performers today. We can look for short-term resistance near $32.00. More conservative traders may want to take profits right now.

I am not suggesting new positions at this time.

Earlier Comments:
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.

current Position: short THRX stock @ $32.85

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

Long Apr $30 PUT (THRX1419P30) entry $0.90*

03/27/14 new stop @ 32.85
03/21/14 triggered @ 32.85
*option entry price is an estimate since the option did not trade at the time our play was opened.



Textura Corp. - TXTR - close: 25.21 change: -0.28

Stop Loss: 26.35
Target(s): 20.25
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 29, 2014
Time Frame: 4 to 8 weeks
Average Daily Volume = 386 thousand
New Positions: Yes, see below

Comments:
03/31/14: TXTR continues to underperform the broader market but shares did not hit our suggested entry point today.

Earlier Comments:
This should be considered an aggressive, higher-risk trade. The stock can be volatile and that could be due to its high short interest. The most recent data listed short interest at 37% of the very small 21.9 million share float. You can see the stock's short squeezes on its daily chart with these sharp rallies higher. Unfortunately for the bulls these rallies keep failing.

Now TXTR has a bearish trend of lower highs and it is poised to breakdown under support near $25.00. The February 2014 intraday low was $24.70. We are suggesting small bearish positions if TXTR can trade at $24.60. If triggered our target is $20.25.

NOTE: Traders may want to use put options to limit their risk instead of shorting the stock.

Trigger @ 24.60 *small positions*

Suggested Position: short TXTR stock @ (trigger)

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

buy the JUN $22.50 PUT (TXTR1421R22.5) current ask $2.20




CLOSED BULLISH PLAYS

MasTec, Inc. - MTZ - close: 43.44 change: +0.45

Stop Loss: 42.75
Target(s): 49.75
Current Gain/Loss: - 1.3%

Entry on March 25 at $43.55
Listed on March 24, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 750 thousand
New Positions: see below

Comments:
03/31/14: MTZ displayed some volatility today with both a new high and a dip below its 10-dma. The new relative low hit our stop loss at $42.75.

closed Position: long MTZ stock @ $43.55 exit $42.75 (-1.8%)

03/31/14 stopped out
03/29/14 new stop @ 42.75
03/25/14 triggered @ 43.55

chart:



NanoString Technologies - NSTG - close: 20.65 change: +0.26

Stop Loss: 19.45
Target(s): to be determined
Current Gain/Loss: -1.4%

Entry on March 20 at $20.85
Listed on March 19, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 141 thousand
New Positions: see below

Comments:
03/31/14: NSTG has been stuck moving sideways. We decided in the weekend newsletter to exit this morning. Shares were kind enough to gap open higher at $20.55 this morning.

Earlier Comments:
NSTG can be a volatile stock and with any biotech stock I suggest caution. We want to use small positions to limit our risk.

*small positions*

closed Position: Long NSTG stock @ $20.85 exit $20.55 (-1.4%)

03/31/14 planned exit
03/29/14 prepare to exit on Monday morning
03/20/14 triggered $ 20.85

chart: