Position Updates & Gauges For Trading on 5/11/2015

Mish Schneider | May 10, 2015

***NOTE: I wanted to enter KRE Friday but the entry was late in the day. Out of fairness to those away from trading at that time, I will look into a new position there if sets up on Monday.

***DBC: Out of the other 1/2 position at 18.06 Will revisit

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Existing Position: AFL: Long 64.18 ATR .97

Name of Instrument: Aflac Inc

Current Price: 64.22

***Adjusted back to orig: Sell Stop: 62.07 with time confirm

Reason For Trade: After solid earnings and as a 2015 pick, AFL has confirmed back to a bullish phase after clearing the 65 week moving average earlier this year. The all-time high for AFL was in April 2008 at 68.81 with a good breakout over 60.00 back at the end of February. Our initial stop gives it room, but we can raise it up under the low of day of entry under 63.00 if market continues to sell off.

First Profit Target: 67.07 market if touched for ½ off

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***Out-at 18.06 Existing Position: DBC: Long ½ at 18.03 ATR .21

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Existing Position: RSX Long 1/4 17.26 ATR: .50

Name of Instrument: RSX Daily Market Vectors-Russia

Current Price: 20.24

***Raised Trailing Stop: 19.67 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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