Existing Position: ½ KRE long 40.86 ATR .66 (SOLD ½ 40.26)
Name of Instrument: SPDR S&P Regional Bank
Current Price: 40.30
**Lowered: Sell Stop: 39.24
Reason for Trade: Bought on weakness in a bull phase with good 2 ATR risk to the 100 and 50 DMAs and the March low. Defensive measures sold ½ same day to reduce exposure which we will buy back on an opening range breakout over R1 when happens.
First Profit Target: ½ off 42.84 Market if touched