NEW BULLISH Plays

Genworth Financial - GNW - close: 17.73 change: +0.51

Stop Loss: 16.90
Target(s): 20.00
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on March 31, 2014
Time Frame: 4 to 5 weeks
Average Daily Volume = 7.4 million
New Positions: Yes, see below

Company Description

Why We Like It:
GNW is in the financial sector. The main product is life insurance but they do provide other financial products. The stock has been trending higher since mid 2013. The last few days have witnessed traders buying the dip at prior resistance now new support near $17.00.

We are suggesting new positions now at the opening bell tomorrow morning. Our short-term target is $20.00. More aggressive investors may want to aim higher. The Point & Figure chart for GNW is bullish with a $23.25 target.

Suggested Position: buy GNW stock @ (the opening bell)

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

Buy the MAY $18 call (GNW1417E18) current ask $0.66

Annotated chart:



Potash Corp. of Saskatchewan - POT - close: 36.22 change: +0.66

Stop Loss: 34.95
Target(s): to be determined
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on March 31, 2014
Time Frame: exit PRIOR to earnings on April 24th
Average Daily Volume = 5.0 million
New Positions: Yes, see below

Company Description

Why We Like It:
POT is in the basic materials sector. This Canadian company makes fertilizer and related products. Very long-term trend are bullish for this industry as countries need to feed a growing global population. Estimates suggest farmers need to double their annual crop yield from the current average of +1.2% to +2.4% and that's going to require more help from the agricultural chemical industry. On a short-term basis the potash market has hit three-year lows and there are signs it might be turning around.

POT has been showing relative strength and the last few days have seen a bullish breakout past resistance near $35.50, past its 300-dma and now past the $36.00 mark.

I am suggesting a trigger to launch small bullish positions at $36.50. We're not setting a bullish target yet but plan on exiting prior to POT's earnings report on April 24th.

FYI: The Point & Figure chart for POT is bullish with a $46.00 target.

Trigger @ 36.50

Suggested Position: buy POT stock @ (trigger)

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

Buy the May $36 call (POT1417E36) current ask $1.12

Annotated chart: