Editor's Note:
The stock market momentum remains bullish and we're adjusting stop losses higher on several of our bullish candidates.

Prepare to exit our TJX trade on Monday morning.


Current Portfolio:


BULLISH Play Updates

Delphi Automotive - DLPH - close: 48.52 change: +1.52

Stop Loss: 45.95
Target(s): 49.75
Current Gain/Loss: + 3.8%

Entry on May 16 at $46.75
Listed on May 14, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 2.2 million
New Positions: see below

Comments:
05/18/13: The rally in DLPH is picking up momentum with a +3.2% gain on Friday. This is another new record high for the stock. Tonight we are raising the stop loss to $45.95. I would not chase it here.

current Position: Long DLPH stock @ $46.75

05/18/13 new stop loss @ 45.95

chart:



The Hartford Financial Serv. Group - HIG - close: 31.16 change: +0.37

Stop Loss: 29.95
Target(s): 32.00
Current Gain/Loss: +6.6%

Entry on May 07 at $29.23
Listed on May 06, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 7.3 million
New Positions: see below

Comments:
05/18/13: HIG resumed its advance higher on Friday with a +1.2% gain. The stock hit an intraday high of $31.51. Shares do look short-term overbought here. More conservative traders may want to exit early right now to lock in gains. I am adjusting our exit target down to $32.00 and raising our stop loss to $29.95.

Earlier Comments:
Keep in mind this is a multi-week trade so we'll need patience for the trend to play out for us. I would start this trade with small positions to limit our risk.

current Position: Long HIG stock @ $29.23

05/18/13 new stop loss @ 29.95, adjust exit to $32.00
05/16/13 new stop loss @ 29.75
05/14/13 new stop loss @ 28.45
05/07/13 trade opened on gap open higher at $29.23

chart:



Loews Corp. - L - close: 46.44 change: +0.40

Stop Loss: 44.90
Target(s): 49.75
Current Gain/Loss: +2.0%

Entry on May 08 at $45.52
Listed on May 07, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 1.3 million
New Positions: see below

Comments:
05/18/13: Traders bought the dip in Loews near $46.00 on Friday. Shares rebounded to a +0.8% gain and another new 52-week high. More conservative traders might want to adjust their stop closer to $45.50ish.

Earlier Comments:
I am suggesting we keep our position size small. Our multi-week target is $49.50 and we may need to be patient. Shares of L don't usually move that fast. FYI: The Point & Figure chart for L is bullish with a $58 target.

*Small Positions*

current Position: Long L stock @ $45.52

05/15/13 new stop loss @ 44.90

chart:



Altria Group - MO - close: 37.44 change: +0.26

Stop Loss: 36.75
Target(s): 40.00
Current Gain/Loss: + 2.6%

Entry on April 29 at $36.50
Listed on April 27, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.6 million
New Positions: see below

Comments:
05/18/13: There was no follow through on Thursday's pullback in shares of MO. The stock rebounded with a +0.69% gain. Shares are trading at all-time highs but we're turning more defensive here. Tonight we're moving the stop loss up toe $36.75. I am not suggesting new positions at this time.

Earlier Comments:
Our target is $40.00 but keep in mind that MO does not move very fast. This could be a multi-week trade.

current Position: Long MO stock @ $36.50

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

Long Jun $35 call (MO1322F35) entry $1.80

05/18/13 new stop loss @ 36.75
05/07/13 new stop loss @ 35.95

chart:



Netnet, Inc. - NNI - close: 37.13 change: +0.84

Stop Loss: 35.65
Target(s): 39.50
Current Gain/Loss: +3.9%

Entry on May 14 at $35.75
Listed on May 13, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 68.7 thousand
New Positions: see below

Comments:
05/18/13: It was a huge week for shares of NNI with a +7.1% gain. Shares have surged to new multi-year highs. Tonight we are going to try and reduce our risk by raising the stop loss to $35.65.

Earlier Comments:
I do want to urge traders to keep their position size small. NNI does not trade a lot of daily volume. If triggered our target is $39.50.

*small positions*

current Position: Long NNI stock @ $35.75

05/18/13 new stop loss @ 35.65

chart:



Prologis, Inc. - PLD - close: 43.87 change: +0.00

Stop Loss: 43.30
Target(s): 47.50
Current Gain/Loss: + 0.7%

Entry on May 15 at $43.55
Listed on May 11, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.4 million
New Positions: see below

Comments:
05/18/13: Yuck! PLD's performance on Friday was very disappointing. Shares spent a good portion of the day in negative territory but managed to close unchanged. That's not very inspiring with the major indices in rally mode.

The simple 10-dma has risen to $43.34. I am raising our stop loss up to $43.30.

*small positions*

current Position: Long PLD stock @ $43.55

05/18/13 new stop loss @ 43.30
05/16/13 new stop loss @ 42.75

chart:



Semiconductor ETF - SMH - close: 38.77 change: +0.43

Stop Loss: 38.15
Target(s): 40.00
Current Gain/Loss: + 2.7%

Entry on May 03 at $37.75
Listed on May 02, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 2.6 million
New Positions: see below

Comments:
05/18/13: The SMH has spent about a week and a half churning sideways. This consolidation has helped reduce some of its overbought condition but it remains overbought. Fortunately for the bulls, traders bought the dip and the SMH added +1.1% on Friday. The SMH actually looks poised to break out from this sideways churn.

I am not suggesting new positions at this time. Tonight we are raising the stop loss to $38.15.

Earlier Comments:
Our short-term target is $40.00 although traders could aim for the 2007 high near $41.40 instead. FYI: The Point & Figure chart for SMH is bullish with a $44.00 target.

current Position: Long SMH @ $37.75

05/18/13 new stop loss @ 38.15
05/16/13 new stop loss @ 37.65
05/03/13 triggered on gap open at $37.75, trigger was $37.55

chart:



SunTrust Banks - STI - close: 31.88 change: +0.61

Stop Loss: 29.85
Target(s): 34.50
Current Gain/Loss: + 1.5%

Entry on May 16 at $31.40
Listed on May 15, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.4 million
New Positions: see below

Comments:
05/18/13: The rally in STI seems to be accelerating. Shares are up five days in a row. It might be time for a little pullback. If you're looking for an entry point I would wait for a dip. The $31.00 level could be new short-term support.

current Position: Long STI stock @ $31.40

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

Long Jul $32 call (STI1320G32) entry $0.78

chart:



The TJX Companies - TJX - close: 51.33 change: +0.57

Stop Loss: 49.90
Target(s): 52.00
Current Gain/Loss: + 7.5%

Entry on April 09 at $47.75
Listed on April 08, 2013
Time Frame: exit PRIOR to earnings on May 21
Average Daily Volume = 4.7 million
New Positions: see below

Comments:
05/18/13: Thankfully TJX rebounded form short-term technical support at its 10-dma on Friday with a +1.1% gain. Our time is up. I am suggesting we exit positions immediately on Monday morning at the opening bell. More aggressive traders could exit on Monday at the close. We do not want to hold over the earnings report on Tuesday, May 21st.

current Position: Long TJX stock @ $47.75

05/18/13 prepare to exit at the open on Monday morning
05/14/13 new stop loss @ 49.90
05/09/13 new stop loss @ 48.45
05/06/13 new stop loss @ 47.90
05/02/13 new stop loss @ 47.40
04/18/13 today's decline is bad news. TJX looks ready to hit our stop at $46.45 soon.

chart:



SPDR S&P Homebuilders ETF - XHB - close: 32.42 change: +0.52

Stop Loss: 31.65
Target(s): 34.50
Current Gain/Loss: + 3.4%

Entry on May 09 at $31.34
Listed on May 08, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 5.3 million
New Positions: see below

Comments:
05/18/13: Good news! There was no follow through on Thursday's bearish engulfing candlestick reversal pattern. While Friday's +1.6% gain outperformed the broader market I would remain cautious since technically Friday's move is now an "inside day", which suggests indecision on the part of traders. The bearish reversal signal has been paused. It has not been negated. Therefore we are turning cautious here and raising the stop loss to $31.65. I am not suggesting new positions at current levels.

*Small Positions*

current Position: Long the XHB @ $31.34

05/18/13 new stop loss @ 31.65
05/16/13 new stop loss @ 30.70

chart:



BEARISH Play Updates

Goldcorp Inc. - GG - close: 25.82 change: -1.07

Stop Loss: 28.75
Target(s): 22.00
Current Gain/Loss: +2.2%

Entry on May 17 at $26.40
Listed on May 16, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 7.3 million
New Positions: see below

Comments:
05/18/13: As expected the sell-off in gold stocks continued on Friday. Unfortunately shares of GG gapped open lower at $26.40. Momentum is clearly lower and GG closed on its lows for the day, which should be bearish for Monday's open.

I do want to point out that there is a potential risk of gold bouncing when the GLD gold ETF nears the April low. Currently the GLD is at $131.07 and the April low was $130.51. A GLD breakdown below $130 will probably signal a drop toward $120, which could accelerate the sell-off in shares of GG.

Overall I don't see any changes from our Thursday night comments on this GG trade.

Gold and gold stocks can be volatile. I am suggesting we keep our position size small to limit our risk.

*Small Positions*

Current Position: short GG stock @ $26.40

chart: