Position Updates and Gauges for Trading on 4/24/2015

Mish Schneider | April 23, 2015

****NOTE: KRE: Lower a bit the stop to 40.47 for our 1/2 position with 2 min time confirm

***DIA: Raise stop again to 178.37 with 2 min time confirms


New Position: Long DIA: 180.04 ATR: 1.83

Name of Instrument: SPDR DJ Industrial Average ETF

Current Price: 180. 37

Sell Stop: 178.37

Reason For Trade: The Dow has flirted with 18,000 for nearly a month. The market has absorbed a lot of selling and corrections have been met with solid buying. The DIA has a good risk to under the low of April 17th for 1.5 ATRs of risk. If the Dow can hold at 18k, then good chance the market will continue higher over the next couple of months and the Dow can see 20,000 next. However, although we positioned for the 1.5 ATR risk, I might adjust the stop higher if the market cannot gain traction by the end of this week.

First Profit Target for ½ off: 185.67

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Name of Instrument: SPDR Gold Trust

Current Price: 114.66

Sell Stop: 113.19 or less than 2 ATR risk

Reason For Trade: After the bottoming formation on March 18th, it ran up to 117.47 before correcting. Since then, it has held 114 well flirting with the 50 DMA. Our stop gives it room to under March 31st lows. If can clear back over the 100 DMA, see potential to the 200 DMA and perhaps 120 area.

First Target for ½ off: 118.19

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***Existing Position: SODA: Long 20.07 ATR .82

Name of Instrument: SodaStream Intl Ltd

Current Price: 19.79

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: 19.86

***Raised Trailing Stop: 18.92 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

***FILLED!! Second Profit target: 19.74 for another ½

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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: 41.47

****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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