Position Updates and Gauges for Trading on 3/30/2015

Mish Schneider | March 29, 2015

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

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