Editor's Note:
April is supposed to be a bullish month for stocks. So far the seasonal pattern is not holding up.

ADI has been removed.


Current Portfolio:


BULLISH Play Updates

Hewlett-Packard Co. - HPQ - close: 32.45 change: -0.35

Stop Loss: 31.55
Target(s): to be determined
Current Gain/Loss: - 1.2%

Entry on April 09 at $32.85
Listed on April 07, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 14.0 million
New Positions: see below

Comments:
04/12/14: HPQ followed the market lower on Friday with a -1.0% decline. Shares look like they are headed for short-term support near $32.00 and its 20-dma. I would wait for a bounce near $32.00 before considering new bullish positions.

Earlier Comments:
Plan on exiting prior to HPQ's earnings report in late May.

current Position: Long HPQ stock @ $32.85

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

Long May $33 call (HPQ1417E33) entry $0.96

04/09/14 triggered @ 32.85
04/08/14 adjust the trigger from $33.15 to $32.85

chart:



BEARISH Play Updates

Apollo Education Group - APOL - close: 27.12 change: -0.74

Stop Loss: 30.25
Target(s): $26.00
Current Gain/Loss: + 9.1%

Entry on April 08 at $29.85
Listed on April 07, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.2 million
New Positions: see below

Comments:
04/12/14: It turned out to be a very bad week for APOL shares with a -14.8% sell-off. The stock is now down eight days in a row. Shares will eventually see an oversold bounce. Traders may want to start taking some money off the table now, especially if you're holding the put option, which has doubled in value. We're setting a bearish exit target at $26.00.

I am not suggesting new positions at this time.

Investors may want to use small positions to limit their risk. The most recent data listed short interest at 14% of the 98.2 million share float.

current Position: short APOL stock @ $29.85

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

Long May $30 PUT (APOL1417Q30) entry $1.45*

04/11/14 set a bearish exit target at $26.00 although traders may want to start taking some money off the table now.
04/10/14 new stop @ 30.25, APOL could bounce from here
04/08/14 triggered @ 29.85
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart:



Gogo Inc. - GOGO - close: 18.19 change: -1.37

Stop Loss: 19.55
Target(s): to be determined
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.1 million
New Positions: Yes, see below

Comments:
04/12/14: The oversold bounce in GOGO was short-lived. The stock reversed near resistance at its trend of lower highs. The stock underperformed on Friday with a -7.0% plunge. Now GOGO is back to testing support near $18.00.

Earlier Comments:
We are suggesting a trigger for bearish positions at $17.95. Investors may want to use small positions or consider using put options to limit their risk. There are already a lot of bears in this name. The most recent data listed short interest at 31% of the small 30.9 million share float. There is definitely fuel for a short squeeze but that doesn't guarantee one. The Point & Figure chart for GOGO is bearish with an $11.00 target.

Trigger @ $17.95 *small positions*

Suggested Position: short GOGO stock @ (trigger)

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

Buy the MAY $17.50 PUT (GOGO1417Q17.5) current ask $1.55

chart:



Qiwi Plc - QIWI - close: 30.96 change: -0.44

Stop Loss: 32.05
Target(s): 22.50
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 619 thousand
New Positions: Yes, see below

Comments:
04/12/14: The geopolitical tension between Russia and Ukraine is on the rise again with Russia threatening to cut off natural gas supplies over Ukraine's unpaid $2.2 billion bill. While this doesn't affect QIWI's business directly if Russia continues to push the West could respond with tighter sanctions and that could be bad for QIWI.

Shares of QIWI are poised to breakdown below support near $30.00. I am suggesting a trigger to open bearish positions at $29.85. If triggered we will aim for $22.50. More conservative investors may want to aim for the $26-25 zone since $25.00 could be potential support.

Keep in mind that as a foreign company their stock could gap open (up or down) each morning as U.S. shares adjust to trading overseas. Therefore I am suggesting small positions to limit our risk. Or instead of shorting QIWI stock consider limiting your risk with put options.

Trigger @ 29.85 *small positions*

Suggested Position: short QIWI stock @ (trigger)

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

Buy the MAY $30 PUT (QIWI1417Q30) current ask $2.65

chart:




CLOSED BULLISH PLAYS

Analog Devices, Inc. - ADI - close: 52.09 change: -0.40

Stop Loss: 52.75
Target(s): 59.75
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 09, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.4 million
New Positions: see below

Comments:
04/12/14: I mentioned that we might see ADI drop toward support near $52.00. With the market's widespread decline on Friday it wasn't surprising to see ADI fall to the $52.00 level. More aggressive traders may want to watch for a bounce. We're choosing to remove ADI as a bullish candidate. Shares have failed at resistance near $54.50 four weeks in a row now. Our plan was to launch positions on a bullish breakout so out trade did not open.

Trade did not open.

04/12/14 removed from the newsletter. suggested entry trigger was $54.55

chart: