Editor's Note:
The U.S. market's major indices rushed higher on Monday morning. Yet the S&P 500 and the Russell 2000 failed to close at new highs.

AAL and FTK hit our entry triggers. FSLR was closed today.
TXTR hit our stop loss.

We want to exit AGIO tomorrow morning.


Current Portfolio:


BULLISH Play Updates

Alcoa Inc. - AA - close: 11.77 change: +0.04

Stop Loss: 11.25
Target(s): 12.95
Current Gain/Loss: + 1.9%

Entry on February 19 at $11.55
Listed on February 11, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 39 million
New Positions: see below

Comments:
02/24/14: I am growing disappointed with AA's performance. Shares dipped this morning and barely made it back into positive territory. I am not suggesting new positions at this time.

Earlier Comments:
Our multi-week target is $12.95. The Point & Figure chart for AA is very bullish with a $20.00 target.

current Position: Long AA stock @ $11.55

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

Long APR $12 call (AA1419D12) entry $0.47

02/22/14 new stop loss @ 11.25
02/19/14 triggered at $11.55



American Airlines Group - AAL - close: 36.65 change: +0.48

Stop Loss: 34.45
Target(s): 39.85
Current Gain/Loss: + 0.4%

Entry on February 24 at $36.50
Listed on February 20, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 13.3 million
New Positions: see below

Comments:
02/24/14: The market's widespread advance today helped lift AAL to new highs and shares hit our suggested entry trigger at $36.50.

current Position: Long AAL stock @ $36.50

02/24/14 triggered @ 36.50



Agios Pharmaceuticals - AGIO - close: 30.31 change: -1.66

Stop Loss: 29.75
Target(s): 39.00
Current Gain/Loss: - 3.7%

Entry on February 11 at $31.48
Listed on February 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 380 thousand
New Positions: see below

Comments:
02/24/14: Ouch! What has happened to AGIO? The stock is clearly not participating in the market's rally and definitely underperforming its peers in the biotech industry. Shares might bounce from round-number support at $30.00 but we are suggesting an immediate exit anyway.

*Small positions to limit risk!*

current Position: long AGIO stock @ $31.48

02/24/14 prepare to exit immediately
02/13/14 new stop loss @ 29.75
02/11/14 trade opens at $31.48



Dunkin' Brands Group - DNKN - close: 50.59 change: +0.57

Stop Loss: 48.40
Target(s): 57.50
Current Gain/Loss: - 0.1%

Entry on February 19 at $50.65
Listed on February 18, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.1 million
New Positions: see below

Comments:
02/24/14: DNKN bounced from round-number support near $50.00 and outperformed the major indices with a +1.1% gain. Shares remain below short-term resistance in the $50.80 area. Traders may want to wait for a new high before considering new positions.

Earlier Comments:
FYI: The Point & Figure chart for DNKN is bullish with a $60.00 target.

current Position: long DNKN stock @ $50.65

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

Long MAR $50 call (DNKN1422C50) entry $1.50*

02/19/14 triggered @ 50.65
*option entry price is an estimate since the option did not trade at the time our play was opened.



Flotek Industries - FTK - close: 25.22 change: +0.95

Stop Loss: 23.95
Target(s): 29.75
Current Gain/Loss: + 0.3%

Entry on February 24 at $25.15
Listed on February 18, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 976 thousand
New Positions: see below

Comments:
02/24/14: FTK was a big winner today with a +3.9% gain and a bullish breakout past the $25.00 level. Our trigger to launch positions was hit at $25.15.

Earlier Comments:

FYI: The Point & Figure chart for FTK is bullish with a $31.00 target.

*small positions*

current Position: long FTK stock @ $25.15

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

Long Mar $25 call (FTK1422C25) entry $0.90*

02/24/14 triggered @ $25.15
*option entry price is an estimate since the option did not trade at the time our play was opened.



JPMorgan Chase & Co - JPM - close: 58.03 change: +0.42

Stop Loss: 55.45
Target(s): 59.75
Current Gain/Loss: + 3.2%

Entry on January 30 at $56.25
Listed on January 25, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 18 million
New Positions: see below

Comments:
02/24/14: Financials were a big part of today's rally and JPM added +0.7%. I am not suggesting new positions.

current Position: Long JPM stock @ $56.25

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

Long MAR $55 call (JPM1422C55) entry $2.53

02/13/14 new stop loss @ 55.45
02/11/14 new stop loss @ 54.90
02/08/14 new stop loss @ 53.90
02/03/14 adjust stop loss from $53.90 to $52.90
01/30/14 triggered @ 56.25. Use stop loss at $53.90
01/28/14 add a secondary entry trigger at $56.25
adjust the exit target to $59.75



SolarWinds, Inc. - SWI - close: 45.26 change: -0.02

Stop Loss: 43.45
Target(s): 49.50
Current Gain/Loss: + 1.7%

Entry on February 18 at $44.50
Listed on February 15, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.27 million
New Positions: see below

Comments:
02/24/14: Hmm... SWI rallied to and tagged the $46.00 level (actually 45.99) and then reversed. I suspect we will see shares dip toward $44 soon.

Earlier Comments:
Our target is $49.50. More aggressive traders or those with a longer time frame may want to aim higher since the Point & Figure chart for SWI is bullish with a $63.00 target.

current Position: long SWI stock @ $44.50

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

Long MAR $45 call (SWI1422C45) entry $1.45

02/20/14 new stop loss @ 43.45
02/18/14 entry trigger hit at $44.50



BEARISH Play Updates

Eaton Vance - EV - close: 37.12 change: +0.95

Stop Loss: 37.05
Target(s): 30.50
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 20, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: Yes, see below

Comments:
02/24/14: EV produced a big bounce. The stock actually gapped open lower and then bounced so the move today has created a bullish engulfing candlestick reversal pattern. If shares manage to close above their 20-dma tomorrow then we'll drop EV as a candidate.

Earlier Comments:
The February 5th low was $35.59. I am suggesting a trigger to open bearish positions at $35.50. If triggered our target is $30.50. The Point & Figure chart for EV is bearish with a $28.00 target.

Trigger @ 35.50

Suggested Position: short EV stock @ (trigger)



GW Pharmaceuticals - GWPH - close: 59.49 change: +3.23

Stop Loss: 61.05
Target(s): 47.50
Current Gain/Loss: - 4.8%

Entry on February 20 at $56.75
Listed on February 19, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 335 thousand
New Positions: see below

Comments:
02/24/14: The volatility in GWPH continues but today the volatility favored the bulls. Shares dipped to their 30-dma and then surged toward their 10-dma, forming a bullish engulfing candlestick reversal pattern and gaining +5.7%. If there is any follow through higher tomorrow then GWPH will hit our stop loss at $61.05.

Earlier Comments:
This is an aggressive, higher risk trade because GWPH can be volatile.

*small positions*

current Position: short GWPH stock @ $56.75

02/20/14 triggered @ 56.75



Rackspace Holdings - RAX - close: 34.55 change: +1.07

Stop Loss: 36.05
Target(s): 27.00
Current Gain/Loss: - 3.2%

Entry on February 24 at $33.48
Listed on February 20, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.7 million
New Positions: see below

Comments:
02/24/14: Our new bearish play on RAX is not off to a good start. The market's widespread gains today may have helped spark some short covering. RAX outperformed with a +3.1% gain. I would wait for a drop below $34.00 or a drop below Friday's low ($33.22) before initiating new bearish positions.

Earlier Comments:
The oversold bounce in RAX has already failed under its 50-dma. Shares look poised to drop toward $30.00 and potentially lower since the P&F chart is forecasting at $21 target. Our target is the $27-25 zone. However, RAX will have to crack the $30.00 level first and $30.00 could be round-number support. Shares are likely to bounce on its first touch of the $30 mark.

NOTE: RAX does have an above average amount of short interest, about 12% of the 113 million share float. That could make the stock volatile with potential short squeezes. Investors will want to limit their position size and/or use put options to limit their risk.

*small positions*

current Position: short RAX stock @ $33.48

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

Long Mar $32.50 PUT (RAX1422o32.5) entry $0.99

02/24/14 trade opened at $33.48



Telefonica Brasil, S.A. - VIV - close: 18.24 change: +0.04

Stop Loss: 18.80
Target(s): 15.25
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 19, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.9 million
New Positions: Yes, see below

Comments:
02/24/14: VIV's participation in the market rally was minor. The stock actually appeared to fail near the $18.50 level. We're currently suggested a trigger to launch positions at $17.70.

Earlier Comments:
VIV is a telecommunication company in Brazil. The stock appears to be in a slow decline since its 2011 peak. Although it looks like the decline is picking up speed. Shares have been underperforming the last couple of days and shares tagged a new multi-year low today. VIV is trying to hold support near $18.00 and its December 2013 low. A breakdown here could signal a drop toward $16 or lower.

I am suggesting a trigger at $17.70 to open bearish positions. Our target is $15.25. The Point & Figure chart for VIV is bearish with a $12.00 target.

Trigger @ 17.70

Suggested Position: short VIV stock @ (trigger)




CLOSED BULLISH PLAYS

First Solar, Inc. - FSLR - close: 57.75 change: +1.82

Stop Loss: 54.90
Target(s): 59.75
Current Gain/Loss: + 7.4%

Entry on February 18 at $53.75
Listed on February 13, 2014
Time Frame: Exit PRIOR to earnings on Feb 25th
Average Daily Volume = 3.1 million
New Positions: see below

Comments:
02/24/14: FSLR spiked up to a new relative high at $58.85 before paring its gains today. Shares still outperformed the broader market with a +3.25% gain.

It was our plan to exit positions at the closing bell today to avoid holding over the company's earnings report out tomorrow.

*small positions*

closed Position: long FSLR stock @ $53.75 exit $57.75 (+7.4%)

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

MAR $55 call (FSLR1422C55) entry $4.30 exit $5.95 (+38.3%)

02/24/14 planned exit
02/22/14 new stop loss @ 54.90, exit on Monday at the close
02/20/14 new stop loss @ 54.75, prepare to exit on Monday, Feb. 24th
02/18/14 new stop loss @ 52.45
02/18/14 triggered @ 53.75

chart:



CLOSED BEARISH PLAYS

Textura Corp. - TXTR - close: 26.74 change: -1.75

Stop Loss: 27.05
Target(s): 20.25
Current Gain/Loss: - 8.9%

Entry on February 21 at $24.85
Listed on February 20, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 617 thousand
New Positions: see below

Comments:
02/24/14: Ouch! The stock market's sharp rally higher this morning sparked some short covering in TXTR. Shares surged to $27.24 intraday. Our stop was hit at $27.05.

Earlier Comments:
We should consider this a higher-risk, more aggressive trade. The most recent data listed short interest at 33% of the very small float of only 21.8 million shares. That does pose a risk of a short squeeze. Traders will want to seriously consider limiting their risk by using put options (your risk is limited to the amount you paid for the option).

*small positions, consider using the option!*

closed Position: short TXTR stock @ $24.85 exit $27.05 (-8.9%)

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

MAR $25 PUT (TXTR1422o25) entry $2.25* exit $1.40* (-37.7%)

02/24/14 stopped out
*option exit price is an estimate since the option did not trade at the time our play was closed.
02/21/14 triggered @ $24.85
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart: