Editor's Note:

The U.S. market produced a widespread decline on Tuesday.

Shares of Rockwell Automation (ROK) hit our bullish target this morning.

We have removed MAN. RKT and UFS were stopped out.
SAVE, VAR, VMW, and AKAM hit our entry triggers.


Current Portfolio:


CALL Play Updates

BorgWarner Inc. - BWA - close: 61.15 change: -0.41

Stop Loss: 59.90
Target(s): 67.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to April expiration
New Positions: Yes, see below

Comments:
03/11/14: Nothing new to report in BWA. The stock continues to consolidate sideways in the $60-62 zone. We are looking for a breakout higher.

We want to use a trigger to buy calls on BWA at $62.25. If triggered we'll use a stop loss at $59.90. Our initial target is $67.50.

Trigger @ 62.25

- Suggested Positions -

Buy the Apr $65 call (BWA1419D65)

03/05/14 corrected some numbers on the entry point, target and stop loss.
Use a trigger @ 62.25. Use a stop at $59.90. Target 67.50

Entry on March -- at $---.--
Average Daily Volume = 2.0 million
Listed on March 04, 2014


Chicago Bridge & Iron - CBI - close: 82.84 change: -0.47

Stop Loss: 80.90
Target(s): 89.50
Current Option Gain/Loss: -37.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/11/14: CBI has closed below its 10-dma for the second day in a row. The upward momentum is starting to fade. Readers may want to raise their stop closer to $82.00. I am not suggesting new positions at this time.

Earlier Comments:
Our target is $89.50. More aggressive investors could aim higher since the Point & Figure chart for CBI is bullish with a $111 target.

- Suggested Positions -

Long Apr $85 call (CBI1419D85) entry $2.80

03/04/14 triggered @ 84.50

Entry on March 04 at $84.50
Average Daily Volume = 1.16 million
Listed on March 01, 2014


Centene Corp. - CNC - close: 63.99 change: -0.17

Stop Loss: 61.75
Target(s): 67.75
Current Option Gain/Loss: -52.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/11/14: CNC spiked to a new four-month high this morning at $64.88 and then reversed. I am not suggesting new positions at this time.

Keep in mind that our March calls expire in less than two weeks.

Earlier Comments:
Our target is $67.75. More aggressive investors may want to aim higher since the Point & Figure chart for CNC is bullish with a $78 target.

- Suggested Positions -

Long Mar $65 call (CNC1422C65) entry $1.25

03/01/14 new stop loss @ 61.75
02/24/14 triggered @ 63.60

Entry on February 25 at $63.60
Average Daily Volume = 656 thousand
Listed on February 24, 2014


Facebook, Inc. - FB - close: 70.10 change: -1.93

Stop Loss: 68.40
Target(s): 77.50
Current Option Gain/Loss: - 16.5%
Time Frame: exit prior to April expiration
New Positions: see below

Comments:
03/11/14: FB stock continues to garner bullish analyst comments and higher price targets but the stock reversed sharply today with a -2.6% decline. Today's move is technically a bearish engulfing candlestick reversal pattern. More conservative traders may want to raise their stop considering the lack of follow through higher.

Our multi-week target is $77.50. Investors may want to aim higher. The Point & Figure chart is very bullish with a long-term target of $110.

- Suggested Positions -

Long Apr $75 call (FB1419D75) entry $2.00

03/10/14 triggered on gap higher at $70.77, trigger was $70.75
03/08/14 adjust entry trigger from $71.25 down to $70.75

Entry on March 10 at $70.77
Average Daily Volume = 58 million
Listed on March 06, 2014


Intl. Flavors & Fragrances - IFF - close: 94.28 change: -1.00

Stop Loss: 93.40
Target(s): 99.50
Current Option Gain/Loss: + 3.3%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/11/14: Yuck! The move in IFF looks pretty ugly. The early morning rally reversed and shares broke down under short-term support near $95 and its 10-dma. Readers may want to exit early now. I am moving our stop loss to $93.40. I am not suggesting new positions at this time.

- Suggested Positions -

Long Apr $95 call (IFF1419D95) entry $1.50

03/11/14 new stop loss @ 93.40
03/08/14 new stop loss @ 92.80
03/04/14 new stop loss @ 92.40
02/28/14 triggered @ 93.65

Entry on February 28 at $93.65
Average Daily Volume = 410 thousand
Listed on February 27, 2014


Lockheed Martin - LMT - close: 163.80 change: -1.68

Stop Loss: 159.90
Target(s): 169.75 & 174.75
Current Option Gain/Loss: -23.8%
Time Frame: exit prior to April option expiration
New Positions: see below

Comments:
03/11/14: LMT has broken through very short-term support at $165.00. The next level of support could be $160.00. If you don't want to endure another $4.00 dip then consider an early exit now. I am not suggesting new positions at this time.

We have two different targets. Our conservative target is $169.75. Our more aggressive target is $174.75. FYI: The Point & Figure chart for LMT is very bullish with a $221 target.

- Suggested Positions -

Long Apr $165 call (LMT1419D165) entry $4.20

03/04/14 triggered @ 164.35

Entry on March 04 at $164.35
Average Daily Volume = 2.3 million
Listed on March 03, 2014


Spirit Airlines - SAVE - close: 60.50 change: +0.85

Stop Loss: 57.25
Target(s): 65.00
Current Option Gain/Loss: -16.3%
Time Frame: 4 to 5 weeks
New Positions: see below

Comments:
03/11/14: Shares of SAVE ignored the market's afternoon weakness. Instead this airline stock has pushed past resistance near $60.00 and hit our suggested entry point at $60.50.

- Suggested Positions -

Long Apr $60 call (SAVE1419D60) entry $3.20

03/11/14 triggered @ 60.50

Entry on March 11 at $60.50
Average Daily Volume = 1.0 million
Listed on March 10, 2014


Constellation Brands Inc. - STZ - close: 82.54 change: -1.41

Stop Loss: 81.45
Target(s): Target for March calls @ $84.50
Target(s): Target for April calls @ $88.00
Current Option Gain/Loss: Mar$80c:+ 52.9% & Apr$80c: +30.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/11/14: Uh-oh! Is the relative strength in STZ fading? The stock just erased nearly four days worth of gains with today's drop to the 10-dma. I am not suggesting new positions at this time.

Our target to exit the March $80 calls is STZ at $84.50.
Our target to exit the April $80 calls is STZ at $88.00.

- Suggested Positions -

Buy the MAR $80 call (STZ1422C80) entry $1.70

- or -

Buy the APR $80 call (STZ1419D80) entry $3.30

03/08/14 new stop loss @ 81.45
move the target to exit the March calls to $84.50
move the target to exit the April calls to $88.00
03/01/14 new stop loss @ 79.65
02/25/14 new stop loss @ 78.75
02/22/14 new stop loss @ 77.80
02/18/14 new stop loss @ 77.40
02/13/14 new stop loss @ 76.40
02/12/14 triggered @ 79.00

Entry on February 12 at $79.00
Average Daily Volume = 1.5 million
Listed on February 11, 2014


Varian Medical Systems - VAR - close: 84.71 change: +0.37

Stop Loss: 83.40
Target(s): 89.75
Current Option Gain/Loss: -23.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/11/14: VAR saw some volatility this morning. Shares spiked down toward $83.60 and then bounced with a breakout to new highs. Our trigger was hit at $85.05. The stock eventually pared its gains as the broader market declined. Our trade is open but I would wait for a new rally above $85.00 before initiating positions.

The Point & Figure chart for VAR is bullish with a $91 target.

- Suggested Positions -

Long Apr $85 call (VAR1419D85) entry $2.08

03/11/14 triggered @ 85.05

Entry on March 11 at $85.05
Average Daily Volume = 573 thousand
Listed on March 08, 2014


Vulcan Materials - VMC - close: 67.48 change: -0.66

Stop Loss: 66.25
Target(s): 74.50
Current Option Gain/Loss: -44.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/11/14: VMC bounced near short-term support in the $67.00 area. If there is any follow through lower tomorrow odds are VMC will hit our stop loss at $66.25. I am not suggesting new positions.

- Suggested Positions -

Long APR $70 call (VMC1419D70) entry $2.35*

03/04/14 triggered on gap higher at $69.31. Suggested trigger was $68.75
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on March 04 at $69.31
Average Daily Volume = 1.1 million
Listed on March 03, 2014


VMware, Inc. - VMW - close: 103.75 change: +0.72

Stop Loss: 99.75
Target(s): 114.00
Current Option Gain/Loss: - 5.7%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/11/14: Our new play on VMW has been triggered. The plan was to buy calls when VMW hit $103.55 but the stock gapped open higher at $104.08 this morning. The rally peaked at $106.46 before giving back the majority of its gains. At this point, given today's performance, I suggest readers wait for a move above $104.25 before considering new positions.

Our target is $114.00. More aggressive traders could aim higher. The point & figure chart just produced a brand new triple-top breakout buy signal this month and is forecasting at $121 target.

- Suggested Positions -

Long Apr $105 call (VMW1419D105) entry $3.50

03/11/14 triggered on gap higher at $104.08, suggested entry was $103.55

Entry on March 11 at $104.08
Average Daily Volume = 2.0 million
Listed on March 10, 2014




PUT Play Updates

Akamai Tech. - AKAM - close: 60.23 change: +0.84

Stop Loss: 61.25
Target(s): 55.10
Current Option Gain/Loss: -26.7%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/11/14: AKAM tagged our suggested entry point on an intraday dip this morning. The stock quickly reversed and closed back above the $60.00 mark. Our suggested trigger was $58.95. The low today was $58.88. At this point I would wait for a drop under $58.80 before initiating new positions.

- Suggested Positions -

Long Apr $57.50 put (AKAM1419P57.5) entry $1.42

03/11/14 triggered @ 58.95

Entry on March 11 at $58.95
Average Daily Volume = 3.0 million
Listed on March 10, 2014


Green Mountain Coffee Roasters - GMCR - cls: 106.23 chg: +2.24

Stop Loss: 112.25
Target(s): 101.00
Current Option Gain/Loss: + 93.7%
Time Frame: Exit prior to March option expiration
New Positions: see below

Comments:
03/11/14: Ouch! GMCR went virtually straight up for the first hour of trading today. The rally stalled in the $108.50-108.75 area, just below its 10-dma. This could be just an oversold bounce before it rolls over again. More conservative traders might want to exit early now to lock in gains. I am not suggesting new positions.

Earlier Comments:
GMCR can be a volatile stock so we consider any trades to be more aggressive and higher risk. Use small positions to limit risk.

*small positions* - Suggested Positions -

Long MAR $110 PUT (GMCR1422o110) entry $2.58*

03/08/14 new stop loss @ 112.25
03/06/14 our put has doubled in value. Traders may want to take some money off the table.
03/05/14 new stop loss @ 113.55
03/01/14 new stop loss @ 115.05
02/27/14 triggered @ 114.65
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on February 27 at $114.65
Average Daily Volume = 6.7 million
Listed on February 26, 2014


The ExOne Company - XONE - close: 42.43 change: -0.38

Stop Loss: 46.35
Target(s): 40.25
Current Option Gain/Loss: +20.3%
Time Frame: exit PRIOR to earnings on March 19th
New Positions: see below

Comments:
03/11/14: XONE reaffirmed the short-term trend of lower highs before closing with a -0.88% decline. I don't see any changes from my prior comments.

Earlier Comments:
I do consider this an aggressive, higher-risk trade. The 3D printing stocks can be very volatile. Furthermore XONE has very high short interest. The most recent data listed short interest at 43% of the very, very small 7.9 million share float. That raises the risk of a short squeeze. This trade also has a short time frame. XONE is scheduled to report earnings on March 19th. We do not want to hold over the report. That gives us about two weeks.

*Small Positions - Aggressive Trade*

Long MAR $40 PUT (XONE1422o40) entry $1.08

03/06/14 triggered @ 44.40

Entry on March 06 at $44.40
Average Daily Volume = 444 thousand
Listed on March 05, 2014



CLOSED BULLISH PLAYS

ManpowerGroup, Inc. - MAN - close: 77.12 change: -1.64

Stop Loss: 77.90
Target(s): 85.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/11/14: MAN appears to be reversing under resistance. Shares underperformed today with a -2.0% decline. Our trade has not opened yet. Tonight we are removing MAN as an active candidate.

Trade did not open.

03/11/14 removed from the newsletter, suggested trigger was $80.55

chart:

Entry on March -- at $---.--
Average Daily Volume = 953 thousand
Listed on March 08, 2014


Rock-Tenn Co. - RKT - close: 108.97 change: -1.67

Stop Loss: 109.65
Target(s): 119.50
Current Option Gain/Loss: -50.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/11/14: MAN has been a big disappointment. After gapping higher on March 4th the stock has been down almost every day since. Today's decline (-1.5%) broke through what should have been support near $110. Our stop was hit at $109.65.

- Suggested Positions -

Long APR $115 call (RKT1419D115) entry $3.10* exit $1.55** (-50.0%)

03/11/14 stopped out
**option exit price is an estimate since the option did not trade at the time our play was closed.
03/04/14 new stop loss @ 109.65
03/04/14 triggered on gap higher at $113.35, trigger was 112.00
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:

Entry on March 04 at $113.35
Average Daily Volume = 809 thousand
Listed on March 01, 2014


Rockwell Automation - ROK - close: 122.07 change: -1.67

Stop Loss: 121.75
Target(s): 125.00
Current Option Gain/Loss: +88.2%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/11/14: It was a volatile day for shares of ROK. The stock gapped open higher at $125.60 and almost immediately reversed lower. By the closing bell shares were breaking short-term support. Today's move, just like yesterday's move, has created a bearish engulfing candlestick reversal pattern. The sell-off today would have hit our stop loss at $121.75 however, our exit target was $125.00. Thus the $1.86 gap higher ended our play.

- Suggested Positions -

Long APR $125 call (ROK1419D125) entry $1.70 exit $3.20** (+88.2%)

03/11/14 target exceeded on gap higher at $125.60
**option exit price is an estimate since the option did not trade at the time our play was closed.
03/08/14 new stop loss @ 121.75
03/04/14 adjust exit target to $125.00
03/01/14 new stop loss @ 119.40
02/27/14 new stop loss @ 118.75
02/25/14 triggered @ 121.25

chart:

Entry on February 25 at $121.25
Average Daily Volume = 1.1 million
Listed on February 22, 2014


Domtar Corp. - UFS - close: 105.94 change: -3.47

Stop Loss: 108.45
Target(s): 118.00
Current Option Gain/Loss: -59.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/11/14: It was not a good day for UFS bulls. The stock plunged about 10 minutes after the opening bell. Shares found support near $106.50 for a while and then eventually faded even lower to settle on its 30-dma. Our stop loss was hit pretty early at $108.45.

- Suggested Positions -

APR $115 call (UFS1419D115) entry $2.10* exit 0.85 (-59.5%)

03/11/14 stopped out
03/08/14 new stop loss @ 108.45
02/28/14 triggered @ 110.50
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:

Entry on February 28 at $110.50
Average Daily Volume = 817 thousand
Listed on February 26, 2014