Editor's Note:
The bounce in the U.S. market continues with stocks up three days in a row.

THRX hit our stop loss. We're updating the entry point strategy on POT.


Current Portfolio:


BULLISH Play Updates

Delta Air Lines - DAL - close: 35.75 change: +1.10

Stop Loss: 32.80
Target(s): to be determined
Current Gain/Loss: + 3.3%

Entry on March 28 at $34.60
Listed on March 27, 2014
Time Frame: exit PRIOR to earnings on April 23rd
Average Daily Volume = 11.6 million
New Positions: Yes, see below

Comments:
04/01/14: DAL continues to show relative strength with a +3.1% gain. The stock is nearing resistance at $35.00 and its March highs.

We will plan to exit prior to DAL's earnings report on April 23rd.

current Position: long DAL stock @ $34.60

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

Long May $35 call (DAL1417E35) entry $1.55*

03/28/14 triggered @ 34.60



Genworth Financial - GNW - close: 17.89 change: +0.16

Stop Loss: 16.90
Target(s): 20.00
Current Gain/Loss: + 0.4%

Entry on April 01 at $17.81
Listed on March 31, 2014
Time Frame: 4 to 5 weeks
Average Daily Volume = 7.4 million
New Positions: see below

Comments:
04/01/14: Our trade opened this morning at $17.81. Unfortunately, the rally in GNW stalled a bit with shares hugging the $17.85 level half of the session. Look for short-term support at $17.50 and $17.00.

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.

current Position: long GNW stock @ $17.81

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

Long MAY $18 call (GNW1417E18) entry $0.70*

04/01/14 trade opens at $17.81
*option entry price is an estimate since the option did not trade at the time our play was opened.



Potash Corp. of Saskatchewan - POT - close: 35.32 change: -0.90

Stop Loss: 34.65
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

Comments:
04/01/14: POT was downgraded this morning. That sparked a pullback toward round-number support at $35.00 and technical support at its 10-dma. We want to take advantage of this pullback and open bullish positions tomorrow morning. We will move the stop loss to $34.65. More conservative traders may want to wait for a rise past $35.50 before initiating positions.

We want to keep our position size small to limit our risk. 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.

*small positions*

Suggested Position: buy POT stock @ (at the opening bell)

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

Buy the May $36 call (POT1417E36) current ask $0.71

04/01/14 strategy change: open bullish positions tomorrow morning with a new stop loss at $34.65. More conservative traders may want to wait for a rise past $35.50 before initiating positions.



Quanta Services, Inc. - PWR - close: 37.04 change: +0.14

Stop Loss: 35.75
Target(s): 39.85
Current Gain/Loss: + 2.7%

Entry on March 06 at $36.05
Listed on March 04, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.0 million
New Positions: see below

Comments:
04/01/14: Traders were in a buy the dip mood with PWR today but the stock remains under short-term resistance near $37.25. I am not suggesting new positions at this time.

current Position: Long PWR stock @ $36.05

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

Long Apr $35 call (PWR1419D35) entry $1.70*

03/27/14 new stop loss @ 35.75
03/22/14 new stop loss @ 35.45
03/13/14 new stop loss @ 34.85
03/06/14 triggered @ 36.05
*option entry price is an estimate since the option did not trade at the time our play was opened.



Tyson Foods, Inc. - TSN - close: 43.45 change: -0.56

Stop Loss: 42.25
Target(s): 46.50
Current Gain/Loss: + 8.2%

Entry on March 05 at $40.15
Listed on March 01, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.3 million
New Positions: see below

Comments:
04/01/14: TSN hit some profit taking today with a -1.27% pullback. The $43.00 level could be short-term support. More conservative traders may want to take some money off the table. I am not suggesting new positions at this time.

*small positions*

current Position: Long TSN stock @ $40.15

03/29/14 new stop @ 42.25
03/27/14 new stop @ 41.35
03/22/14 new stop @ 40.65
03/18/14 new stop @ 39.90, adjust exit target from $44.50 to $46.50
03/15/14 new stop @ 39.45
03/12/14 new stop @ 38.95
03/05/14 triggered @ 40.15



Wells Fargo & Co. - WFC - close: 49.77 change: +0.03

Stop Loss: 48.75
Target(s): to be determined
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 29, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 17.6 million
New Positions: Yes, see below

Comments:
04/01/14: WFC is still moving sideways below resistance at the $50.00 level. Fortunately shares seem to be building up steam for a breakout higher.

We are suggesting a trigger to open bullish positions at $50.15. I am not setting an exit target.

Trigger @ 50.15

Suggested Position: buy WFC stock @ (trigger)

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

Buy the May $50 call (WFC1417E50)



BEARISH Play Updates

OSI Systems, Inc. - OSIS - close: 61.01 change: +1.15

Stop Loss: 62.05
Target(s): to be determined
Current Gain/Loss: -2.1%

Entry on March 27 at $59.75
Listed on March 26, 2014
Time Frame: exit PRIOR to earnings in late April
Average Daily Volume = 155 thousand
New Positions: see below

Comments:
04/01/14: Warning! Today's move in OSIS could spell trouble for the bears. The stock spiked up toward the $62 level this morning before fading lower. Shares also managed to close above technical resistance at the 50-dma. More conservative traders may want to exit immediately. I am not suggesting new positions.

current Position: short OSIS stock @ $59.75

04/01/14 the action today looks like trouble. Readers may want to exit early
03/27/14 triggered @ 59.75



Textura Corp. - TXTR - close: 25.20 change: -0.01

Stop Loss: 26.35
Target(s): 20.25
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 29, 2014
Time Frame: 4 to 8 weeks
Average Daily Volume = 386 thousand
New Positions: Yes, see below

Comments:
04/01/14: TXTR tagged new four-week lows before bouncing back toward unchanged. I don't see any changes from my prior (new play) comments.

The February 2014 intraday low was $24.70. We are suggesting small bearish positions if TXTR can trade at $24.60. If triggered our target is $20.25.

NOTE: Traders may want to use put options to limit their risk instead of shorting the stock.

Trigger @ 24.60 *small positions*

Suggested Position: short TXTR stock @ (trigger)

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

buy the JUN $22.50 PUT (TXTR1421R22.5)



CLOSED BEARISH PLAYS

Theravance Inc. - THRX - close: 31.33 change: +0.39

Stop Loss: 32.85
Target(s): to be determined
Current Gain/Loss: + 0.0%

Entry on March 21 at $32.85
Listed on March 17, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 761 thousand
New Positions: see below

Comments:
04/01/14: Biotech stocks saw a big bounce today. THRX was leading the pack this morning with a +6.5% gain. Shares hit our stop loss at $32.85 only to reverse near its 20-dma (near $33.00).

Earlier Comments:
I want to remind investors that biotechs can be volatile stocks to trade. You may want to consider buying the put options as a way to limit your risk.

closed Position: short THRX stock @ $32.85 exit $32.85 (+0.0%)

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

Apr $30 PUT (THRX1419P30) entry $0.90* exit $0.40** (-55.5%)

04/01/14 stopped out
**option exit price is an estimate since the option did not trade at the time our play was closed.
03/27/14 new stop @ 32.85
03/21/14 triggered @ 32.85
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart: