Editor's Note:
U.S. stock market indices continued to bounce on Tuesday. Energy stocks were one of the few industries not participating today.

ECOM hit our stop loss.


Current Portfolio:


BULLISH Play Updates

CenturyLink, Inc. - CTL - close: 34.45 change: -0.04

Stop Loss: 32.95
Target(s): to be determined
Current Gain/Loss: +0.3%

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:
04/22/14: I am afraid shares of CTL have fallen asleep on us. The stock has been drifting sideways in a narrow range two days in a row. I am not suggesting new positions at this time.

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: 31.81 change: +0.64

Stop Loss: 29.95
Target(s): to be determined
Current Gain/Loss: + 2.1%

Entry on April 17 at $31.15
Listed on April 16, 2014
Time Frame: Potential exit PRIOR to earnings on May 1st
Average Daily Volume = 2.1 million
New Positions: see below

Comments:
04/22/14: MTW is finally start to see the rise we were expecting. The stock outperformed the market with a +2.0% gain. The next challenge for the bulls is getting past potential resistance at its March highs near $32.75.

Please note our time frame has changed. MTW is scheduled to report earnings on May 1st. We will tentatively plan on exiting prior to the announcement but will make that decision closer to the end of April.

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: 22.47 change: +0.21

Stop Loss: 20.75
Target(s): to be determined
Current Gain/Loss: + 4.8%

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:
04/22/14: Traders bought the dip in PPC near $22 this morning and shares rebounded to a +0.9% gain on the session. I don't see any changes fro my prior comments.

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: $30.56 change: +0.37

Stop Loss: 28.45
Target(s): to be determined
Current Gain/Loss: + 1.0%

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:
04/22/14: TPC erased yesterday's loss with a +1.2% gain. This is a new multi-year closing high for the stock. I would consider new positions now or look for a move past $30.71, which was today's high.

current Position: Long TPC stock @ $30.25

04/14/14 triggered @ 30.25



The WhiteWave Foods Company - WWAV - close: 28.51 change: -0.09

Stop Loss: 25.75
Target(s): to be determined
Current Gain/Loss: - 0.8%

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:
04/22/14: WWAV underperformed the market today with a -0.3% decline. Yet the action today actually looks somewhat bullish. Traders were consistently buying the dips in the $28.25-28.30 zone this afternoon. I would launch new bullish positions here at current levels. More conservative traders could wait for a rise past $28.90 before initiating positions.

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: 34.64 change: +0.74

Stop Loss: 35.25
Target(s): to be determined
Current Gain/Loss: - 1.8%

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:
04/22/14: DSW rallied 70 cents (+2%) right at the opening bell but I don't see any news to explain the rally. Shares eventually traded above their 10-dma and the $35.00 level before paring their gains. I am not suggesting new positions at this time.

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



Guess' Inc. - GES - close: 27.08 change: -0.12

Stop Loss: 27.85
Target(s): 23.00
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 21, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 871 thousand
New Positions: Yes, see below

Comments:
04/22/14: GES continues to underperform the broader market and lost -0.44% today. The stock is on the verge of a major breakdown. I don't see any changes from last night's new play description.

Earlier Comments:
The stock is technically bearish with a pattern of lower highs that is pushing GES against major support near $27.00. The February intraday low was $26.76. I am suggesting a trigger to open bearish positions at $26.65. If triggered our target is $23.00 but we will plan on exiting prior to GES' earnings in late May.

Trigger @ 26.65

Suggested Position: short GES stock @ (trigger)

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

Buy the Jun $27 PUT (GES1421R27) current ask $1.55



Whole Foods Market - WFM - close: 49.33 change: +0.70

Stop Loss: 50.35
Target(s): to be determined
Current Gain/Loss: - 2.3%

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:
04/22/14: WFM bounced toward resistance near $50.00 and has begun to roll over. This move looks like a new entry point to launch bearish positions on WFM.

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



CLOSED BEARISH PLAYS

ChannelAdivsor - ECOM - close: 32.11 change: +1.51

Stop Loss: 31.60
Target(s): 25.25
Current Gain/Loss: - 6.2%

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:
04/22/14: ECOM broke through technical resistance at its 10-dma and everyone decided to cover their shorts. The stock surged +4.9%. Our stop loss was hit at $31.60.

closed Position: short ECOM stock @ $29.75 exit $31.60 (-6.2%)

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

May $30 PUT (ECOM1417Q30) entry $2.85 exit $1.55* (-45.6%)

04/22/14 stopped out
*option exit price is an estimate since the option did not trade at the time our play was closed.
04/15/14 new stop loss @ 31.60
04/14/14 triggered @ 29.75

chart: