Editor's Note:
The stock market's early gains faded on Thursday as investors turned cautious ahead of tomorrow's jobs report.


Current Portfolio:


BULLISH Play Updates

CenturyLink, Inc. - CTL - close: 34.96 change: +0.05

Stop Loss: 34.35
Target(s): to be determined
Current Gain/Loss: +1.8%

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:
05/01/14: CTL continues to eke out small gains as traders buy the dips near the rising 10-dma. I am adjusting our stop loss to $34.35.

current Position: long CTL stock @ $34.35

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

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

05/01/14 new stop @ 34.35
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.



BEARISH Play Updates

Arctic Cat Inc. - ACAT - close: 41.69 change: +0.80

Stop Loss: 41.25
Target(s): to be determined
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 29, 2014
Time Frame: about 2 weeks
Average Daily Volume = 159 thousand
New Positions: Yes, see below

Comments:
05/01/14: The bounce in ACAT has reached potential technical resistance at its 10-dma. If shares do not reverse here then we'll likely remove ACAT as a bearish candidate. I don't see any changes from my prior comments.

Earlier Comments:
This is going to be a relatively short-term trade. The company is due to report earnings in mid May. No date has been set yet but it's probably two, maybe three weeks out.

Tonight we're suggesting a trigger for bearish positions at $39.75. We are not setting an exit target yet. I will note that the Point & Figure chart for ACAT is bearish with a $31.00 target.

Trigger @ $39.75

Suggested Position: short ACAT stock @ (trigger)

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

Buy the May $40 PUT (ACAT1417Q40)



DSW Inc. - DSW - close: 33.63 change: +0.24

Stop Loss: 34.55
Target(s): to be determined
Current Gain/Loss: + 1.1%

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: see below

Comments:
05/01/14: DSW spiked up past short-term resistance near $34.00 and its 10-dma early this morning. Fortunately the rally didn't last long and shares pared their gain to +0.7%. 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

04/26/14 new stop loss @ 34.55



Guess' Inc. - GES - close: 27.04 change: +0.13

Stop Loss: 27.55
Target(s): 23.00
Current Gain/Loss: - 1.5%

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:
05/01/14: GES is not cooperating with a three-day bounce. Shares act like they way to rally past resistance near $27.00. The stock hit $27.34 intraday before reversing. I am not suggesting new positions at this time.

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: 45.18 change: +0.04

Stop Loss: 45.75
Target(s): to be determined
Current Gain/Loss: - 3.3%

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:
05/01/14: It looks like the oversold bounce in JCI is losing steam. Shares made it to $45.61 before paring its gains. I am suggesting readers wait for a new drop below $44.75 to initiate new positions.

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: 28.96 change: -0.06

Stop Loss: 31.15
Target(s): to be determined
Current Gain/Loss: + 2.5%

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:
05/01/14: RAX spent Thursday's session drifting sideways. I am not suggesting new positions at this time.

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.



Symantec Corp. - SYMC - close: 20.16 change: -0.12

Stop Loss: 20.65
Target(s): 18.10
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 28, 2014
Time Frame: exit PRIOR to earnings on May 8th
Average Daily Volume = 9.4 million
New Positions: Yes, see below

Comments:
05/01/14: There was no follow through on yesterday's bounce in SYMC. We are running out of time. If SYMC does not hit our suggested entry point at $19.90 tomorrow then we'll drop the stock as a candidate. Earnings are coming up on May 8th.

Earlier Comments:
Shares currently sit on round-number support at $20.00. We're suggesting at trigger for bearish positions at $19.90. Our short-term target is $18.10. We do not want to hold over the earnings report on May 8th. More aggressive traders may want to speculate on holding over the report. The Point & Figure chart for SYMC is very bearish with an $11.00 target.

Trigger @ 19.90

Suggested Position: short SYMC stock @ (trigger)

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

Buy the May $20 PUT (SYMC1417Q20)



Youku Tudou Inc. - YOKU - close: 22.30 change: +0.01

Stop Loss: 25.05
Target(s): to be determined
Current Gain/Loss: + 4.9%

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:
05/01/14: YOKU suffered some bearish analyst comments today as Maxim lowered their price target on the stock to $18.00. Shares of YOKU didn't really react and chopped sideways. I am not suggesting new positions at this time.

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