Editor's Note:
The U.S. market's major indices closed near their highs for the session. That should bode well for tomorrow morning.

WWAV hit our entry trigger today.


Current Portfolio:


BULLISH Play Updates

CenturyLink, Inc. - CTL - close: 34.49 change: +0.06

Stop Loss: 32.95
Target(s): to be determined
Current Gain/Loss: +0.4%

Entry on April 16 at $34.35
Listed on April 14, 2014
Time Frame: exit PRIOR to earnings on May 7th
Average Daily Volume = 5.5 million
New Positions: see below

Comments:
04/21/14: CTL delivered a quiet day with shares drifting sideways. Broken resistance near $34.00 should be new support and a dip near $34 could be a new entry point for the bulls.

Plan on exiting prior to CTL's earnings report in early May.

current Position: long CTL stock @ $34.35

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

Long May $34 call (CTL1417E34) entry $0.95*

04/16/14 new stop @ 33.35
04/16/14 triggered @ 34.35
*option entry price is an estimate since the option did not trade at the time our play was opened.



Manitowoc Company - MTW - close: 31.17 change: +0.15

Stop Loss: 29.95
Target(s): to be determined
Current Gain/Loss: + 0.1%

Entry on April 17 at $31.15
Listed on April 16, 2014
Time Frame: 2 to 3 weeks
Average Daily Volume = 2.1 million
New Positions: see below

Comments:
04/21/14: MTW dipped to what might be short-term technical support at its 20-dma before bouncing today. I would still consider new positions now with today's bounce but more conservative trades may want to look for a rise past $31.35 before initiating positions.

Earlier Comments:
MTW's earnings are expected at the very end of April or early May. We will plan to exit prior to the announcement. No official date has been set.

current Position: Long MTW stock @ $31.15

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

Long May $30 call (MTW1417E30) entry $2.05*

04/17/14 triggered @ 31.15



Pilgrim's Pride Corp. - PPC - close: 22.26 change: -0.09

Stop Loss: 20.75
Target(s): to be determined
Current Gain/Loss: + 3.8%

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:
04/21/14: PPC spiked to a new relative high this morning and then reversed. After big gains last week we shouldn't be too surprised to see a little profit taking today. Tonight we are raising the stop loss to $20.75.

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*

04/21/14 new stop @ 20.75
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: $30.19 change: -0.30

Stop Loss: 28.45
Target(s): to be determined
Current Gain/Loss: - 0.2%

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:
04/21/14: Monday proved to be a forgettable session for shares of TPC. The stock churned sideways inside Friday's trading range. I would still consider new positions with the stock above $30.00 but more conservative traders may want to wait for a rise past $30.50 before initiating positions.

current Position: Long TPC stock @ $30.25

04/14/14 triggered @ 30.25



The WhiteWave Foods Company - WWAV - close: 28.60 change: -0.01

Stop Loss: 25.75
Target(s): to be determined
Current Gain/Loss: - 0.5%

Entry on April 21 at $28.75
Listed on April 19, 2014
Time Frame: 4 to 8 weeks, depending on earnings
Average Daily Volume = 1.5 million
New Positions: see below

Comments:
04/21/14: WWAV spent most of Monday's sessions trying and failing to breakout past the $28.70 level. Yet right around lunchtime the stock did push higher and hit $28.83 before reversing. The stock closed virtually unchanged on the session but the intraday pullback is potentially short-term negative.

Our trigger to open bullish positions was hit at $28.75. However, at this time I would probably wait for a rise past $28.90 before initiating new positions. Or if WWAV does see a pullback then a dip near $28.00 might be a better entry point.

Earlier Comments:
Earnings are coming up in about three to four weeks. We'll decide then if we plan to exit prior to the report or hold over the announcement.

current Position: Long WWAV stock @ $28.75

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

Long Jul $30 call (WWAV1419G30) entry $1.25

04/21/14 triggered @ $28.75



BEARISH Play Updates

DSW Inc. - DSW - close: 33.90 change: -0.00

Stop Loss: 35.25
Target(s): to be determined
Current Gain/Loss: + 0.4%

Entry on April 21 at $34.02
Listed on April 19, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.25 million
New Positions: Yes, see below

Comments:
04/21/14: Our DSW trade opened this morning at $34.02. The stock slipped to new relative lows before bouncing back to close unchanged on the session. Overall I don't see any changes from my weekend new play description.

Earlier Comments:
We're not setting a target yet but $30.00 would be a good start. The Point & Figure chart for DSW is bearish with a $26.00 target.

current Position: short DSW stock @ $34.02



ChannelAdivsor - ECOM - close: 30.60 change: +0.11

Stop Loss: 31.60
Target(s): 25.25
Current Gain/Loss: - 2.9%

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:
04/21/14: ECOM dipped to $29.40 and bounced. The stock remains under short-term resistance at the 10-dma (near $31.00). More conservative investors might want to tighten their stop closer to $31. I am not suggesting new positions at this time.

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



Whole Foods Market - WFM - close: 48.63 change: +0.50

Stop Loss: 50.35
Target(s): to be determined
Current Gain/Loss: - 0.8%

Entry on April 21 at $48.23
Listed on April 19, 2014
Time Frame: exit PRIOR to earnings on May 6th
Average Daily Volume = 4.4 million
New Positions: see below

Comments:
04/21/14: After declining every day last week shares of WFM managed a little bounce today. I did find it interesting that shares hit resistance at $48.63 in the last 90 minutes of trading today. There was steady selling at that level.

Our trade opened this morning at $48.23. Given today's bounce readers may want to wait and see if WFM rebounds up to the $49.00-49.25 area as an alternative entry point for bearish positions.

Earlier Comments:
We're not setting an exit target tonight but plan on exiting prior to earnings on May 6th. The point & figure chart has turned bearish with a triple-bottom sell signal and a $42 target.

current Position: short WFM stock @ $48.23

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

Long May $47.50 PUT (WFM1417Q47.5) entry $1.60

04/21/14 WFM opened at $48.23