Editor's Note:
Almost all of our bullish candidates participated in the market's widespread rally on Tuesday. Several are offering new bullish entry points.

-James

Current Portfolio:


BULLISH Play Updates

ACI Worldwide Inc. - ACIW - close: 32.72 change: +0.29

Stop Loss: 29.75
Target(s): --.--, 34.75
Current Gain/Loss: +10.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: ACIW is slowly inching higher and higher toward its March highs near $33.00. More conservative traders will want to seriously consider an early exit close to the $33.00 mark. The March 3rd high was $32.95. Currently we're aiming for the $34.75 level but plan to exit ahead of the late April earnings report. I am not suggesting new positions at this time.

FYI: ACIW does have options but the spreads are very wide, which puts us at a significant disadvantage.

SMALL bullish positions

Current Position: Long ACIW stock @ $29.63

03/24 first exit was at $32.25 (+8.8%)
03/23 Sell half now! exit price at the open on 3/24
03/22 New stop loss @ 29.75, 1st Target adjusted to $32.85
03/19 New stop loss @ 29.35

Entry on February 25 at $29.63
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 122 thousand
Listed on February 24th, 2010


Dick's Sporting Goods Inc. - DKS - close: 39.84 change: +0.25

Stop Loss: 36.75
Target(s): 42.25, 44.50
Current Gain/Loss: +1.1%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: The market's morning weakness pushed DKS toward the $39.00 level but shares rebounded. Overall the stock remains inside the $39-40 trading range. Depending on your trading style you can look for dips near $38.50 or wait for a new rise past $40.40 as your entry point. I'm suggesting profit targets at $42.25 and $44.50.

FYI: The Point & Figure chart for DKS is bullish with a $65 target.

- Small Positions -

Current Position: Long DKS stock @ $39.39

- or -

Long the June $40 calls (DKS1118F40) Entry @ $2.35

Entry on March 21 at $39.39
Earnings Date 05/18/11 (unconfirmed)
Average Daily Volume: 1.6 million
Listed on March 19th, 2010


eBay Inc. - EBAY - close: 31.08 change: +0.74

Stop Loss: 29.49
Target(s): 34.90, 39.00
Current Gain/Loss: - 0.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/29 update: There was no follow through on yesterday's acquisition induced sell-off in EBAY. Shares outperformed today with a +2.4% gain. I would buy this bounce. We have a stop loss at $29.49. Our first target is $34.90. We do not want to hold over EBAY's late April earnings report.

Current Position: Long EBAY stock @ $31.25

- or -

Long the May $33.00 calls (EBAY1121E33) Entry @ $0.75

Entry on March 28 at $31.25
Earnings Date 04/27/11 (unconfirmed)
Average Daily Volume: 10 million
Listed on March 24th, 2011


Ford Motor Co. - F - close: 14.84 change: -0.02

Stop Loss: 14.19
Target(s): 16.45, 17.45
Current Gain/Loss: - 1.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: Ford delivered another lackluster session as it hovered near prior resistance and what could be short-term support near $14.80. I don't see any changes from my prior comments. We can buy this dip or wait for a dip closer to $14.50 instead. Our targets are $16.45 and $17.45.

Current Position: Long F stock @ $15.05

- or -

Long the April $15 calls (F1116D15) Entry @ $0.33

Entry on March 24 at $15.05
Earnings Date 04/21/11 (unconfirmed)
Average Daily Volume: 82 million
Listed on March 15th, 2010


Gildan Activewear - GIL - close: 32.07 change: +0.24

Stop Loss: 29.70
Target(s): 34.85, 38.00
Current Gain/Loss: + 5.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: Tuesday was another quiet session for GIL. Shares are building a bullish trend of higher lows. I am not suggesting new positions at this time.

Current Position: long GIL stock @ 30.35

- or -

Long the April $30 call (GIL1116D30) Entry @ $1.60

03/19 New stop loss @ 29.70
03/08 Triggered $ 30.35
03/01 Adjusted buy-the-dip trigger to $30.35
03/01 Adjusted stop loss to $28.99

Entry on March 8 at $30.35
Earnings Date 05/12/11 (unconfirmed)
Average Daily Volume: 634 thousand
Listed on February 28th, 2010


Jos. A Bank Clothiers Inc. - JOSB - close: 48.72 change: +0.96

Stop Loss: 44.75
Target(s): 49.85, 52.25
Current Gain/Loss: + 5.9%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/29 update: Something changed for JOSB in the last two hours of trading. The stock took off like a rocket and closed with a +2% gain. I couldn't find any specific news. According to the company's press release yesterday their earnings announcement is due out Thursday. Yet I did see one source that listed earnings out tomorrow morning. Based on the Thursday earnings date we plan to exit this trade tomorrow (Wednesday) at the closing bell to avoid holding over the report. Given our time frame I am raising our stop loss to $46.45.

Aggressive traders willing to risk it could hold over the report hoping for a positive surprise that might spark more short covering (see FYI below).

FYI: The most recent data listed short interest at almost 25% of JOSB's 27.3 million-share float. There is definitely room for some short covering here. Plus, the Point & Figure chart for JOSB is bullish with a $62 target.

- Small Bullish Positions -

Current Position: Long JOSB stock @ $45.99

- or -

Long the April $50 calls (JOSB1116D50) Entry @ $0.95

03/29 Plan to exit tomorrow at the closing bell.
03/28 Prepare to exit on March 30th to avoid earnings.

Entry on March 7 at $45.99
Earnings Date 03/31/11 (confirmed)
Average Daily Volume: 355 thousand
Listed on March 5th, 2010


KLA-Tencor - KLAC - close: 47.54 change: +0.24

Stop Loss: 44.95
Target(s): 49.90
Current Gain/Loss: + 1.9%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/29 update: Traders bought the dip in KLAC but shares are still trading under short-term resistance near $48.00. I have been suggesting entry points in the $46.50-46.00 zone but KLAC only hit $46.64 today. Our target is $49.90.

Current Position: Long KLAC stock @ $46.65

- or -

Long the April $45 calls (KLAC1116D45) Entry @ $2.85

Entry on March 24 at $46.65
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 2.5 million
Listed on March 23rd, 2011


NVIDIA Corp. - NVDA - close: 19.17 change: -0.15

Stop Loss: 16.85
Target(s): 19.95, 21.75
Current Gain/Loss: + 5.3%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/29 update: As long as the market cooperates tomorrow I suspect NVDA could show some relative strength. Our first target to take profits is at $19.95. Our second target is $21.75.

Prior Comments:
This is a very speculative, higher-risk trade. Remember to keep your positions small to limit your risk.

- small bullish positions -

Current Position: long NVDA stock @ $18.19

- or -

Long the April $20 calls (NVDA1116D20) Entry @ $0.72

Entry on March 14 at $18.19
Earnings Date 05/12/11 (unconfirmed)
Average Daily Volume: 35 million
Listed on March 12th, 2010


Polycom Inc. - PLCM - close: 50.51 change: +1.61

Stop Loss: 46.90
Target(s): 54.85,
Current Gain/Loss: + 0.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: Wow! Check out an intraday chart for PLCM. The stock was in a bullish mood today. Traders bought the morning weakness and PLCM went almost straight up to challenge the $51.00 level this afternoon. Previously I suggested a move past $50.50 as a new entry point and we got it. Our upside target is $54.85.

- Small Bullish Positions -

Current Position: Long PLCM stock @ $50.18

- or -

Long the May $52.50 calls (PLCM1121E52.5) Entry @ $2.00

03/23 Entry price on the May $52.50 call is an estimate.

Entry on March 23 at $50.18
Earnings Date 04/21/11 (unconfirmed)
Average Daily Volume: 967 thousand
Listed on March 22nd, 2011


Patterson-UTI Energy Inc. - PTEN - close: 28.20 change: +0.05

Stop Loss: 25.95
Target(s): 31.50, 34.00
Current Gain/Loss: - 0.1%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/29 update: The gains in PTEN today were somewhat disappointing. Shares were definitely lagging the rest of the energy sector but traders did buy the dip near its rising 10-dma. We can use this intraday bounce as an entry point but readers may want to keep their positions small to limit their exposure. Big picture, the trend is still up.

Prior Comments:
The $30.00 mark might offer some resistance but I'm targeting a climb to $31.50 and the $34.00 levels.

Current Position: Long PTEN stock @ 28.25

- or -

Long the May $30 calls (PTEN1121E30) Entry @ $0.95

Entry on March 25 at $28.25
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 2.8 million
Listed on March 17th, 2010


Ryder Systems Inc. - R - close: 49.85 change: +0.50

Stop Loss: 47.40
Target(s): 53.00
Current Gain/Loss: unopened
Time Frame: 3 to 5 weeks
New Positions: Yes, see trigger

Comments:
03/29 update: I am starting to worry that we may not see the necessary dip in shares of R. Currently our plan it so buy the stock (or calls) at $48.75 but traders bought the dip at $49.00 this morning. Let's add an alternative entry point at $50.25. If triggered (at either level) we'll use a stop at $47.40. Our target is the $53.00 level. We do not want to hold over the late April earnings report.

Trigger @ 48.75 or $50.25

Suggested Position: buy R stock @ 48.75 or 50.25

- or -

Buy the May $50 call (R1121E50) current ask $2.20

Entry on March x at $xx.xx
Earnings Date 04/21/11 (unconfirmed)
Average Daily Volume: 388 thousand
Listed on March 26th, 2011


Southwestern Energy Co. - SWN - close: 42.50 change: -0.05

Stop Loss: 38.49
Target(s): 44.85
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
03/29 update: SWN managed a bounce off its 10-dma but shares still underperformed its sector and the market. Of course SWN was due (is due) for some profit taking. Our plan is to open bullish positions on a dip at $40.55.

FYI: The Point & Figure chart for SWN recently broke out past resistance and is now signaling a bullish target of $51.

Buy-the-Dip Trigger @ $40.55

Suggested Position: Buy SWN stock @ 40.55

- or -

Buy the June $42 calls (SWN1118F42)

Entry on March x at $xx.xx
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 6.9 million
Listed on March 19th, 2010


Tesoro Corp - TSO - close: 27.13 change: +0.58

Stop Loss: 23.95
Target(s): 29.90
Current Gain/Loss: + 3.7%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/29 update: Broken resistance near $26.00 acted as new support and traders quickly jumped in to buy the dip near $26 this morning. TSO displayed some relative strength and closed at new relative highs with a +2.1% gain.

Prior Comments:
Given the stock's recent volatility over the last month or so I would consider this a higher-risk trade. Keep your position size small. FYI: The most recent data listed short interest in TSO at more than 13% of the stock's 141 million-share float. A breakout past resistance could spark another short squeeze.

Current Position: Long TSO stock @ 26.15

- or -

Long the May $27.00 calls (TSO1121E27) Entry @ $1.60

Entry on March 24 at $26.15
Earnings Date 04/25/11 (unconfirmed)
Average Daily Volume: 8.2 million
Listed on March 21st, 2010


Williams Companies, Inc. - WMB - close: 30.75 change: +0.11

Stop Loss: 29.45
Target(s): 34.50
Current Gain/Loss: - 1.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/29 update: I was expecting a dip toward $30.00 but WMB reversed higher at $30.29 this morning. There was no follow through on yesterday's bearish reversal pattern. I would use today's bounce as a new entry point to launch bullish positions.

Current Position: long WMB stock @ $31.26

- or -

Long the May $30 calls (WMB1121E30) Entry @ $2.10

Entry on March 28 at $31.26
Earnings Date 05/05/11 (unconfirmed)
Average Daily Volume: 7.0 million
Listed on March 26th, 2011


Weyerhaeuser Co. - WY - close: 24.63 change: +0.21

Stop Loss: 23.40
Target(s): 27.25, 29.25
Current Gain/Loss: + 0.2%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/29 update: WY is still slowing rebounding higher from the $24 area. I would still consider new positions (small positions) at current levels.

Prior Comments:
Keep your positions small to limit your risk.

Suggested Position: long WY stock @ $24.68

- or -

Long the July $25 calls (WY1116G25) Entry @ $1.64

03/24 New stop @ 23.40

Entry on March 16 at $24.68
Earnings Date 04/29/11 (unconfirmed)
Average Daily Volume: 6.4 million
Listed on March 15th, 2010


BEARISH Play Updates

Overseas Shipholding Group - OSG - close: 32.09 change: +0.62

Stop Loss: 33.55
Target(s): 27.75, 25.25
Current Gain/Loss: + 0.3%
Time Frame: 8 to 9 weeks
New Positions: see below

Comments:
03/29 update: Hmm.... lack of follow through on yesterday's failed rally pattern is a concern. The market's overall strength could sabotage this bearish trade. Readers may want to wait for OSG to produce a failed rally near the 50-dma (currently near $33.00) before considering new bearish positions. Conservative traders could adjust their stop closer to the $33.00 level.

Our plan was to use small positions to limit our risk. The P&F chart is forecasting a $25 target.

- Small Bearish Positions -

Current Position: Short OSG stock @ $32.20

- or -

Long the April $30 PUTS (OSG1116P30) Entry @ $0.75

03/16 New stop loss @ 33.55

Entry on March 11 at $32.20
Earnings Date 05/04/11 (unconfirmed)
Average Daily Volume: 705 thousand
Listed on March 10th, 2010