Position Updates & Gauges For Trading on 5/22/2015

Mish Schneider | May 21, 2015

Existing Position: Long DBA 22.71 ATR: .21

Name of Instrument: PwrShsDB Ag Fd

Current Price: 22.43

Sell Stop: 21.49 Long term trade

Reason For Trade: After a long downward trend in commodities, many are basing out. DBA is a way to trade the basket of soft commodities. It is in a Recovery Phase. Risk is to the 2008 low so lots of room. Traded as high as 25.21 earlier this year. If commodities are bottoming, the upward potential is hard to predict.

First Profit Target for ½: 23.97

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Existing Position: AFL: Long 64.18 ATR .97

Name of Instrument: Aflac Inc

Current Price: 62.89

***Lowered Sell Stop: 61.97 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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Existing Position: RSX Long 1/8 17.26 ATR: .50

Name of Instrument: RSX Daily Market Vectors-Russia

Current Price: 20.19

****Lowered Sell Stop: 61.97 with 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

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

NO more profit targets, just trailing stop

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New Position: Long PHO on limit order filled 25.40 ATR: .26

Name of Instrument: PwrShs Water Resources Portfolio

Current Price: 26.29

***Raised Sell Stop: 25.34 with time confirm

Reason For Trade: Broke out of a wedge going back from December 2014. Our stop is under all moving averages and the bottom of the wedge which means we have a great risk for the possibility that PHO’s basing action can take it up over 26.50 or more. A weekly close over 25.62 will take to over the 65 week moving average for the first time since December 2014 as well.

REACHED!! First Profit Target: 26.17 for ½

Second Profit Target: 26.64 for another ½ off

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