Editor's Note:
The U.S. markets produced a pretty sharp afternoon rebound after a rather sour morning performance.

Double check your stop losses. We have updated some stop losses on our bearish plays. The market's bounce could see some follow through tomorrow morning.

PPC and FUEL hit our entry triggers.


Current Portfolio:


BULLISH Play Updates

Hewlett-Packard Co. - HPQ - close: 32.39 change: -0.51

Stop Loss: 31.55
Target(s): to be determined
Current Gain/Loss: - 1.4%

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:
04/15/14: HPQ produced a disappointing session. It followed the market lower and started to bounce midday. Unfortunately HPQ's afternoon rebound didn't quite make it back into positive territory. Today's intraday low was $31.88. More conservative investors might want to tighten their stops closer to today's low.

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



Pilgrim's Pride Corp. - PPC - close: 21.48 change: +0.42

Stop Loss: 20.35
Target(s): to be determined
Current Gain/Loss: + 0.1%

Entry on April 15 at $21.45
Listed on April 14, 2014
Time Frame: exit PRIOR to earnings on April 30th
Average Daily Volume = 914 thousand
New Positions: see below

Comments:
04/15/14: The rally in PPC picked up speed today with a +1.99% gain and a breakout to new relative highs. Our suggested entry point to launch bullish positions was hit at $21.45. I would still consider new positions at current levels.

Earlier Comments:
This is currently a short-term trade. We plan to exit prior to PPC's earnings report on April 30th. However, we might be tempted to hold over the announcement.

FYI: The Point & Figure chart for PPC is bullish with a long-term $35.50 target.

current Position: Long PPC stock @ $21.45

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

Long May $20 call (PPC1417E20) entry $2.10*

04/15/14 triggered @ 21.45
*option entry price is an estimate since the option did not trade at the time our play was opened.



Tutor Perini Corp. - TPC - close: $29.42 change: -0.23

Stop Loss: 28.45
Target(s): to be determined
Current Gain/Loss: - 2.7%

Entry on April 14 at $30.25
Listed on April 12, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 255 thousand
New Positions: see below

Comments:
04/15/14: TPC disappoints for a second day in a row. Shares underperformed the broader market with a -0.7% decline. Traders did buy the dip near $29.00 and its 10-dma.

I would wait for a new relative high above $30.30 or a close above the $30.00 level before initiating new positions.

current Position: Long TPC stock @ $30.25

04/14/14 triggered @ 30.25



BEARISH Play Updates

Apollo Education Group - APOL - close: 26.99 change: -0.20

Stop Loss: 28.25
Target(s): $26.00
Current Gain/Loss: + 9.6%

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:
04/15/14: We're almost there. APOL fell to $26.55 intraday and underperformed the market with a -0.7% decline at the close. Our exit target is $26.00. I am adjusting our stop loss down to $28.25.

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*

04/15/14 new stop loss @ 28.25
04/14/14 new stop loss @ 29.25
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.



ChannelAdivsor - ECOM - close: 30.39 change: +1.05

Stop Loss: 31.60
Target(s): 25.25
Current Gain/Loss: - 2.2%

Entry on April 14 at $29.75
Listed on April 12, 2014
Time Frame: 3 to 4 weeks
Average Daily Volume = 625 thousand
New Positions: see below

Comments:
04/15/14: ECOM has essentially erased yesterday's loss. The stock dipped to new relative lows and then surged +7.1% off today's low and closed back above the $30.00 mark. This is not good news for the bears. I suspect that ECOM could be setting up for a bounce back to short-term resistance near $32.00 and its 10-dma (also at $32.00). However, I'd rather not risk that much of a move. Tonight we're moving the stop loss down to $31.60. More aggressive traders will want to consider leaving their stop above $32.00 and giving ECOM more room to maneuver.

Earlier Comments:
Traders may want to use put options to limit their risk. Our short-term target is $25.25. More aggressive traders may want to aim lower. The Point & Figure chart for ECOM is bearish with a $22.00 target.

current Position: short ECOM stock @ $29.75

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

Long May $30 PUT (ECOM1417Q30) entry $2.85

04/15/14 new stop loss @ 31.60
04/14/14 triggered @ 29.75



Rocket Fuel Inc. - FUEL - close: 36.56 change: +0.53

Stop Loss: 37.55
Target(s): to be determined
Current Gain/Loss: -3.3%

Entry on April 15 at $35.40
Listed on April 14, 2014
Time Frame: exit PRIOR to earnings in mid May
Average Daily Volume = 559 thousand
New Positions: see below

Comments:
04/15/14: Warning! The move in FUEL today looks like a potential bullish reversal. The stock fell to new lows and was down -5.9% at its worst levels of the session. Our entry trigger to launch bearish positions was hit at $35.40. Unfortunately the market's big bounce also lifted shares of FUEL. The afternoon bounce produced a +7.9% gain in FUEL.

I cautioned readers that FUEL has a high amount of short interest and any bounce could be trouble. Shares could rally to $40 or its 10-dma before rolling over again. Tonight we're going to try and reduce our risk by moving the stop loss to $37.55.

Earlier Comments:
Use small positions to limit risk. The Point & Figure chart for FUEL is bearish with a $30.00 target.

Current Position: short FUEL stock @ $37.55

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

Long May $35 PUT (FUEL1417Q35) entry $3.40*

04/15/14 new stop loss @ 37.55
04/15/14 triggered @ 35.40
*option entry price is an estimate since the option did not trade at the time our play was opened.



Gogo Inc. - GOGO - close: 16.13 change: -0.66

Stop Loss: 17.05
Target(s): to be determined
Current Gain/Loss: +10.1%

Entry on April 14 at $17.95
Listed on April 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.1 million
New Positions: see below

Comments:
04/15/14: GOGO continues to perform well for the bears with a -3.9% drop today. GOGO was down -9.5% at its worst levels of the session before the market's big afternoon rebound. I am concerned that GOGO is oversold and could see a further bounce. The stock has essentially tested round-number support at $15.00 today and was down -29% from last Thursday's high.

Readers will want to seriously consider taking profits now. We are going to speculate on further weakness and adjust our stop loss down to $17.05 instead.

Earlier Comments:
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.

*small positions*

current Position: short GOGO stock @ $17.95

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

Long MAY $17.50 PUT (GOGO1417Q17.5) entry $1.53

04/15/14 new stop @ 17.05, readers may want to take profits now!
04/14/14 triggered @ 17.95



Qiwi Plc - QIWI - close: 31.00 change: +1.21

Stop Loss: 32.05
Target(s): 22.50
Current Gain/Loss: - 3.9%

Entry on April 14 at $29.85
Listed on April 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 619 thousand
New Positions: see below

Comments:
04/15/14: Warning! QIWI produced a pretty big bounce today. Shares also failed to hit new relative lows like most of the market did this morning. The sharp afternoon bounce lifted QIWI to a +4.0% gain. Currently we have a stop loss at $32.05 but more conservative traders may want to exit early or lower their stop loss. I am not suggesting new positions.

The growing tensions between Ukraine and Russia should be negative for QIWI, especially with the West threatening more sanctions. This stock is probably going to be very volatile with big swings in both directions.

Earlier Comments:
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.

*small positions*

current Position: short QIWI stock @ $29.85

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

Long MAY $30 PUT (QIWI1417Q30) entry $2.70*

04/14/14 triggered @ 29.85
*option entry price is an estimate since the option did not trade at the time our play was opened.