Position Updates and Gauges for Trading on 4/10/2015

Mish Schneider | April 10, 2015

****Raise Trailing Stop in RSX to 17.94
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***Existing Position: SODA: Long 20.07 ATR .82

Name of Instrument: SodaStream Intl Ltd

Current Price: 20.00

Sell Stop: 18.54 with 2 min time confirm (2 ATR risk)

Reason For Trade: Cleared the 50, 10 and 100 DMAs on the daily chart. On the weekly chart, over 20.61 confirms a base going back to the beginning of 2015. The 2014 low was 20.13. Possible to see this bottom longer term with a potential move to 23.00 or higher. Our stop is under the 50 DMA.

First Profit Target: ½ off at 22.44 Market if Touched

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Existing Position: RSX Long ½ 17.26 ATR: .50

Name of Instrument: RSX Daily Market Vectors-Russia

Current Price: 19.54

***Raised Trailing Stop: 17.94 with a 2 minute time confirm

Reason For Trade: After basing throughout December 2014 into February 2015, it had a phase change to recovery, corrected and crossed back over the 50 DMA again, only this time with a positive slop. The buy stop triggered was because it also cleared the 100 DMA. Our stop is under the 50 DMA with a great risk/reward potential to 20.75 or higher

***FILLED!! First Profit Target: 18.67 for ½ off

Second Profit target: 19.74 for another ½ of balance

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Existing Position: ½ KRE long 40.86 ATR .66 (SOLD ½ 40.26)

Name of Instrument: SPDR S&P Regional Bank

Current Price: 40.92

****Raised: Sell Stop: 39.67 with 2 minute time confirm

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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