Position Updates & Gauges for Trading on 12/1/2014

Mish Schneider | December 1, 2014

****NOTE: Stopped out of CENX at breakeven 27.73 on Friday

***Lower stop DDD a tad to 34.84 and ***Raised KRE to 38.99


Existing Position: Long DDD 35.92 ATR 1.56

Name of Instrument: 3D Systems Group

***Lowered Sell Stop: 34.84

Current Price:35.28

Reason For Trade: After a slingshot low on November 14th with confirmation and good volume the next day, this has cleared the 10 DMA and more importantly tested and held the 200 weekly moving average. Risk is to under the low of the whole move making this a good reason to hold on for a possible bottom trade. The company hired Will.i.am as its creative director. With big moves in Xerox and Hewlett Packard, both because of 3-D printing, DDD has lots of room. Not a typical phase change trade.

First Profit Target: 40.39 1/3 off


*** Stopped out of CENX at 27.73 at breakeven on Friday


Existing Position: Long KRE filled 40.10 ATR .78

Name of Instrument: SPDR S&P Regional Bank ETF

*** Sell Stop: 38.99

Current Price:39.65

Reason For Trade: In an Accumulation Phase with the 10 DMA approaching a cross over the 200 DMA. Stop below the 50 DMA gives room for trade to mature. It crossed the 65-week moving average the last week of October and a trendline break from the 2014 highs after a substantial correction earlier in the month.

First Profit Target: 42.44 for 1/2