Position Updates and Gauges for Trading on 5/1/2015

Mish Schneider | May 1, 2015

****DIA: Stopped out and filled at 177.92 (I hope I don’t live to regret raising that stop from our original one at 177.07)


Existing Position: DBC: Long at 18.03 ATR .21

Name of Instrument: DB Commodity Index Tracking Fund

Current Price: 18.29

Sell Stop: 17.49

Reason For Trade: In a Recovery Phase after a bottoming pattern developed on March 18th. Clearing the 10 and 100 DMAs as well with a measured move to around 19.40 should this clear over 18.40, which would be highest close for 2015. On a monthly chart, 2009 low was 17.94 which it is trading above. That could mean the overall bottom is in place.

First Profit Target: ½ off 18.67

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***Out of our Existing Position: Long DIA: 180.04 ATR: 1.83


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

****Sold ½: 19.76

Reports May 13th

Name of Instrument: SodaStream Intl Ltd

Current Price: 19.43

Lower on ½ Sell Stop: 18.92 with 2 min time confirm

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: 19.74

****Raised Trailing Stop: 19.44 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

***Third Profit Target: 20.74 for another ½ of balance left

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