Editor's Note:

In addition to tonight's new candidates, consider these stocks as possible trading ideas and watch list ideas:

(bullish candidates) AVY, TICC, ABT, BLL, TER, SFLY, TXN, XLNX, MXIM, INTC


NEW BULLISH Plays

United States Oil Fund (ETF) - USO - close: 39.75 change: +0.47

Stop Loss: 38.75
Target(s): 43.00
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Crude oil prices are on the rise. Oil prices tend to rise toward summer. Plus, the escalating tensions with Iran continue to buoy oil prices. Currently the USO oil ETF is bouncing toward resistance near $40.00. I am suggesting we open small bullish positions if the USO can trade at $40.25. If triggered we'll use a stop loss at $38.75. Our multi-week target is $43.50.

NOTE: We do not want to use the USO for long-term positions. This ETF is constantly rolling over its futures positions over time, which can have a negative impact on the share price.

FYI: The Point & Figure chart for USO is bullish with a long-term $58.00 target.

Trigger @ $40.25 (small positions!)

Suggested Position: buy the ETF @ (trigger)

- or -

buy the April $40 call (USO1221D40) current ask $1.80

Annotated chart:

Entry on February xx at $ xx.xx
Earnings Date --/--/--
Average Daily Volume = 8.8 million
Listed on February 18, 2011


Wells Fargo & Co. - WFC - close: 31.09 change: +0.72

Stop Loss: 29.90
Target(s): 34.00
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Financials were showing relative strength on Friday and WFC was leading the charge with a +2.3% gain. The stock appears to be breaking out from a multi-week consolidation phase under the $31 level. I am suggesting we start small bullish positions at the opening bell but only if both WFC and the S&P 500 index open positive. Our multi-week target is $34.00.

Do not enter position unless WFC and the S&P 500 are both positive at the open

(Small Positions)

Suggested Position: buy WFC stock @ the open

- or -

buy the April $32 call (WFC1221D32) current ask $0.94

Annotated chart:

Entry on February xx at $ xx.xx
Earnings Date 04/19/12 (unconfirmed)
Average Daily Volume = 30.5 million
Listed on February 18, 2011