Editor's Note:
The big cap S&P 500 and the Dow Jones Transportation Average led the market higher on Wednesday.

POT, TSN, and OSIS hit our stop loss today.


Current Portfolio:


BULLISH Play Updates

Applied Materials - AMAT - close: 20.79 change: +0.17

Stop Loss: 19.75
Target(s): to be determined
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 01, 2014
Time Frame: exit PRIOR to earnings on May 15th
Average Daily Volume = 14.8 million
New Positions: Yes, see below

Comments:
04/02/14: AMAT continues to push higher with its fourth gain in a row. The stock closed at new multi-year highs yet the intraday high was only $20.84. That means we are still on the sidelines. Odds are pretty good we will see AMAT hit our suggested entry point at $20.85 tomorrow.

Plan on exiting positions prior to earnings on May 15th.

Trigger @ $20.85

Suggested Position: buy AMAT stock @ (trigger)



Delta Air Lines - DAL - close: 35.70 change: -0.05

Stop Loss: 32.80
Target(s): to be determined
Current Gain/Loss: + 3.2%

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:
04/02/14: DAL briefly traded above the $36.00 level today before paring its gains. I would not be surprised to see a dip back toward the $35.00 level. In an update today DAL said margins in March 2014 were significantly better than 2013.

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: 18.23 change: +0.34

Stop Loss: 16.90
Target(s): 20.00
Current Gain/Loss: + 2.4%

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:
04/02/14: GNW displayed relative strength today with a +1.9% gain and a new multi-year closing high. I am not suggesting new positions at this time.

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.



Quanta Services, Inc. - PWR - close: 37.00 change: -0.04

Stop Loss: 35.75
Target(s): 39.85
Current Gain/Loss: + 2.6%

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:
04/02/14: Today's session looks a lot like yesterday's for PWR. The stock is drifting sideways near the $37.00 level. 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.



Wells Fargo & Co. - WFC - close: 49.76 change: -0.01

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

Entry on March -- at $--.--
Listed on March 29, 2014
Time Frame: exit PRIOR to earnings on April 11th
Average Daily Volume = 17.6 million
New Positions: Yes, see below

Comments:
04/02/14: WFC is still consolidating sideways beneath resistance at the $50.00 level. Please note that our time frame on this trade has changed. WFC has announced they will report earnings on April 11th. That is next Friday. We do not want to hold over the announcement. If WFC does not breakout higher tomorrow we will likely remove it as an active candidate.

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

Textura Corp. - TXTR - close: 25.30 change: +0.10

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:
04/02/14: Bearish momentum in TXTR seems to be slowing a bit. If shares don't breakdown to new relative lows soon we'll remove TXTR as a candidate.

Earlier 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 BULLISH PLAYS

Potash Corp. of Saskatchewan - POT - close: 34.91 change: -0.41

Stop Loss: 34.65
Target(s): to be determined
Current Gain/Loss: - 0.9%

Entry on April 02 at $34.95
Listed on March 31, 2014
Time Frame: exit PRIOR to earnings on April 24th
Average Daily Volume = 5.0 million
New Positions: see below

Comments:
04/02/14: POT was determined to not work out for us. We adjusted our entry point strategy last night to open bullish positions at the opening bell this morning. We also adjusted our stop loss from $34.95 to $34.65.

Unfortunately POT was downgraded again this morning. That's two downgrades in two days. Just like yesterday POT gapped lower following the downgrade. The stock opened at $34.95 and spiked down to $34.50 before bouncing, stopping us out at $34.65.

*small positions*

closed Position: POT stock @ $34.95, exit $34.65 (-0.9%)

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

May $36 call (POT1417E36) entry $0.52 exit $0.51 (-1.9%)

04/02/14 opened on gap down at $34.95, stopped out @ 34.65
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.

chart:



Tyson Foods, Inc. - TSN - close: 41.44 change: -2.01

Stop Loss: 42.25
Target(s): 46.50
Current Gain/Loss: + 5.2%

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:
04/02/14: TSN produced a pullback yesterday that looked like a bearish engulfing candlestick reversal pattern. The stock confirmed that reversal in a big way today with a -4.6% plunge. The two-day drop has erased two weeks of gains in this stock. I don't see any news to explain today's decline other than simple profit taking.

Our stop loss was hit at $42.25.

*small positions*

closed Position: Long TSN stock @ $40.15 exit $42.25 (+5.2%)

04/02/14 stopped out
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

chart:



CLOSED BEARISH PLAYS

OSI Systems, Inc. - OSIS - close: 63.37 change: +2.36

Stop Loss: 62.05
Target(s): to be determined
Current Gain/Loss: -3.8%

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:
04/02/14: OSIS has not seen any follow through on last week's bearish breakdown below support. Instead shares have reversed higher with a three-day rally that accelerated today (+3.8%). Our stop loss was hit at $62.05.

closed Position: short OSIS stock @ $59.75 exit $62.05 (-3.8%)

04/02/14 stopped out
04/01/14 the action today looks like trouble. Readers may want to exit early
03/27/14 triggered @ 59.75

chart: