Editor's Note:
News that China would launch a new stimulus package failed to lift the U.S. stock market.

AMAT and TXTR hit our entry triggers. WFC has been removed.


Current Portfolio:


BULLISH Play Updates

Applied Materials - AMAT - close: 20.84 change: +0.05

Stop Loss: 19.75
Target(s): to be determined
Current Gain/Loss: - 0.0%

Entry on April 03 at $20.85
Listed on April 01, 2014
Time Frame: exit PRIOR to earnings on May 15th
Average Daily Volume = 14.8 million
New Positions: see below

Comments:
04/03/14: AMAT hit new multi-year highs and our suggested entry point at $20.85 today. The sharp pullback from its morning rally is a bit worrisome since it looks like a possible top. Investors may want to wait a day and see how AMAT shares perform tomorrow before initiating positions.

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

current Position: Long AMAT stock @ $20.85

04/03/14 triggered @ 20.85



Bob Evans Farms - BOBE - close: 50.40 change: -1.42

Stop Loss: 49.90
Target(s): 58.50
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 02, 2014
Time Frame: 8 to 10 weeks
Average Daily Volume = 459 thousand
New Positions: Yes, see below

Comments:
04/03/14: BOBE did not see any follow through on its recent bounce. Today's move looks like a failure at resistance. If BOBE doesn't recover soon we will drop it as a candidate.

Currently, we are suggesting a trigger to open bullish positions at $52.25. If triggered our multi-week target is $58.50.

Trigger @ $52.25

Suggested Position: buy BOBE stock @ $52.25



Delta Air Lines - DAL - close: 35.37 change: -0.33

Stop Loss: 32.80
Target(s): to be determined
Current Gain/Loss: + 2.2%

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:
04/03/14: I cautioned readers yesterday to look for a dip toward $35.00. Shares fell to $34.97 and bounced today.

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: +0.00

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: exit PRIOR to earnings on April 30th
Average Daily Volume = 7.4 million
New Positions: see below

Comments:
04/03/14: GNW displayed some volatility today. Shares fell to short-term technical support at their 10-dma midday only to bounce. The rebound pushed GNW to new relative highs before the stock returned to close unchanged on the session. 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: 36.83 change: -0.17

Stop Loss: 35.75
Target(s): 39.85
Current Gain/Loss: + 2.2%

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:
04/03/14: The upward momentum in PWR is fading. Shares have been churning sideways near $37.00 for a few days now. We may want to exit soon. 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.



BEARISH Play Updates

Textura Corp. - TXTR - close: 23.35 change: -1.95

Stop Loss: 25.55
Target(s): 20.25
Current Gain/Loss: + 5.1%

Entry on April 03 at $24.60
Listed on March 29, 2014
Time Frame: 4 to 8 weeks
Average Daily Volume = 386 thousand
New Positions: see below

Comments:
04/03/14: TXTR was one of the market's worst performers today with a -7.7% plunge and a breakdown below support. Our suggested entry point was hit at $24.60. I am moving our stop loss to $25.55.

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

*small positions*

current Position: short TXTR stock @ $24.60

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

Long JUN $22.50 PUT (TXTR1421R22.5) entry $2.35*

04/03/14 new stop @ 25.55
04/03/14 triggered @ 24.60




CLOSED BULLISH PLAYS

Wells Fargo & Co. - WFC - close: 49.83 change: +0.07

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: see below

Comments:
04/03/14: WFC is still hovering below resistance at the $50.00 level.

This stock continues to look bullish. However, on a short-term basis we're running out of time. WFC is due to report earnings on April 11th and we do not want to hold over the announcement.

Our trade has not opened yet so we're removing WFC as an active candidate. We'll look at it again in a couple of weeks after it has reported earnings.

Trade did not open.

04/03/14 removed from the newsletter, suggested entry was $50.15

chart: