Editor's Note:
Stocks produced another volatile day on Wall Street as investors react to news on the Ukrainian border.

TPC and WWAV hit our stop loss.
JCI and YOKU hit our bearish entry points.

We want to exit our PPC trade tomorrow.


Current Portfolio:


BULLISH Play Updates

CenturyLink, Inc. - CTL - close: 34.64 change: -0.12

Stop Loss: 34.25
Target(s): to be determined
Current Gain/Loss: +0.8%

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:
04/28/14: Shares of CTL were downgraded this morning. The stock dipped to short-term technical support at its 10-dma before bouncing. Right now bulls are waiting for CTL to breakout past resistance in the $34.80-34.85 zone. I am not suggesting new positions.

current Position: long CTL stock @ $34.35

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

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

04/26/14 new stop @ 34.25
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: 30.91 change: +0.14

Stop Loss: 29.95
Target(s): to be determined
Current Gain/Loss: - 0.8%

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:
04/28/14: The market volatility helped push MTW to $30.28 intraday before shares bounced back into positive territory. We are quickly running out of time. Earnings are due out on May 1st. We are planning to exit on April 30th.

current Position: Long MTW stock @ $31.15

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

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

04/26/14 plan to exit prior to earnings on May 1st
04/17/14 triggered @ 31.15



Pilgrim's Pride Corp. - PPC - close: 21.52 change: -0.16

Stop Loss: 21.10
Target(s): to be determined
Current Gain/Loss: + 0.3%

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:
04/28/14: Just as we expected shares of PPC found support at its rising 20-dma. Unfortunately we are just about out of time. PPC is due to report earnings on April 30th. I am suggesting we exit positions tomorrow at the closing bell.

current Position: Long PPC stock @ $21.45

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

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

04/28/14 plan to exit tomorrow at the closing bell
04/26/14 new stop @ 21.10
04/23/14 new stop @ 20.90
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.



BEARISH Play Updates

DSW Inc. - DSW - close: 32.70 change: -0.71

Stop Loss: 34.55
Target(s): to be determined
Current Gain/Loss: + 3.9%

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:
04/28/14: The bearish trend in DSW accelerated lower today with a -2.1% decline. I don't see any changes from our weekend update.

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

04/26/14 new stop loss @ 34.55



Guess' Inc. - GES - close: 26.59 change: -0.15

Stop Loss: 27.55
Target(s): 23.00
Current Gain/Loss: + 0.2%

Entry on April 25 at $26.65
Listed on April 21, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 871 thousand
New Positions: see below

Comments:
04/28/14: GES spiked down to new lows for the year, hitting $26.14, before paring its declines. We can watch for resistance near the $27.00 level on any bounce.

Current Position: short GES stock @ $26.65

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

Long Jun $27 PUT (GES1421R27) entry $1.70*

04/26/14 new stop @ 27.55
04/25/14 triggered @ 26.65
*option entry price is an estimate since the option did not trade at the time our play was opened.



Johnson Controls Inc. - JCI - close: 43.64 change: -0.85

Stop Loss: 45.75
Target(s): to be determined
Current Gain/Loss: + 0.3%

Entry on April 28 at $43.75
Listed on April 26, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.5 million
New Positions: see below

Comments:
04/28/14: The sell-off in JCI continued on Monday with another -1.9% decline. The stock hit our suggested entry point for bearish positions at $43.75.

Earlier Comments:
The Point & Figure chart for JCI is bearish with a $40.00 target.

Current Position: short JCI stock @ $43.75

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

Long Jul $40 PUT (JCI1419S40) entry $0.63*

04/28/14 triggered @ 43.75
*option entry price is an estimate since the option did not trade at the time our play was opened.



Rackspace Hosting, Inc. - RAX - close: 28.16 change: -0.79

Stop Loss: 31.15
Target(s): to be determined
Current Gain/Loss: + 5.3%

Entry on April 24 at $29.75
Listed on April 22, 2014
Time Frame: 3 to 4 weeks
Average Daily Volume = 2.7 million
New Positions: see below

Comments:
04/28/14: RAX continues to underperform the broader market and lost another -2.7% today. Broken support near $30.00 should be new resistance. Traders may want to adjust their stops closer to the 10-dma near $30.50.

Earlier Comments:
There are already a lot of bears in RAX. The most recent data listed short interest at 19% of the 116.9 million share float. That can make any bounce in RAX a potential short squeeze. I would consider this a higher-risk, more aggressive trade.

We are not setting a bearish target just yet. RAX is expected to report earnings in mid May but no official announcement date has been set. We will most likely exit prior to their earnings report. Considering the high short interest I would probably prefer to limit risk with a put option. FYI: The Point & Figure chart for RAX is bearish with a $21.00 target.

current Position: short RAX @ $29.75

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

Long May $30 PUT (RAX1417Q30) entry $2.00*

04/26/14 new stop @ 31.15
04/24/14 triggered @ 29.75
*option entry price is an estimate since the option did not trade at the time our play was opened.



Youku Tudou Inc. - YOKU - close: 22.82 change: -1.32

Stop Loss: 25.05
Target(s): to be determined
Current Gain/Loss: + 2.7%

Entry on April 28 at $23.45
Listed on April 26, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.1 million
New Positions: see below

Comments:
04/28/14: It was a volatile day for shares of YOKU. The stock popped higher this morning on news that Alibaba and a Chinese private equity firm were investing $1.22 billion into YOKU for an 18.5% stake in the company. Alibaba's stake is 16.5%. The investment is worth $30.50 per share of newly issued 707 million shares of YOKU.

Unfortunately for YOKU shareholders the rally didn't last. Another story overpowered the Alibaba news. The Wall Street Journal published an article about how the Chinese government was removing four popular U.S. television shows from the streaming TV industry in China. The shows are "The Big Bang Theory", "The Good Wife", "NCIS", and "The Practice". YOKU may only be affected by the loss of one of those shows but moves like these by the Chinese government could pressure revenues for the streaming TV industry. It could also make investors more nervous. You can view the WSJ article here.

YOKU's drop on the censorship news pushed shares to $21.80 intraday (-9.6% on the session). Our trigger to open bearish positions was hit at $23.45 on the way down. I would not be surprised to see YOKU bounce back toward $24.00, which should be new resistance, and then rollover again.

Earlier Comments:
I would consider this an aggressive trade because YOKU can be a volatile stock and the most recent data listed short interest at 8% of the 80.6 million share float. FYI: The P&F chart is very bearish and forecasting at $10 target.

*small positions*

current Position: short YOKU stock @ $23.45

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

Long Jun $20 PUT (YOKU1421R20) entry $1.05

04/28/14 triggered @ 23.45




CLOSED BULLISH PLAYS

Tutor Perini Corp. - TPC - close: $29.25 change: -0.94

Stop Loss: 29.45
Target(s): to be determined
Current Gain/Loss: - 2.6%

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:
04/28/14: It was a disappointing session for TPC. The stock followed the market lower but failed to follow the market's afternoon rebound. Our stop loss was hit at $29.45.

closed Position: Long TPC stock @ $30.25 exit $29.45 (-2.6%)

04/28/14 stopped out
04/26/14 new stop @ 29.45
04/14/14 triggered @ 30.25

chart:



The WhiteWave Foods Company - WWAV - close: 27.14 change: -0.68

Stop Loss: 27.35
Target(s): to be determined
Current Gain/Loss: - 4.9%

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:
04/28/14: The bearish reversal in WWAV accelerated today with a -2.4% decline. Shares hit our new stop loss at $27.35. The next level of support looks like the April lows near $26.00.

closed Position: Long WWAV stock @ $28.75 exit $27.35 (-4.9%)

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

Jul $30 call (WWAV1419G30) entry $1.25 exit $0.70* (-44.0%)

04/28/14 stopped out
*option exit price is an estimate since the option did not trade at the time our play was closed.
04/26/14 new stop @ 27.35
04/21/14 triggered @ $28.75

chart: