Position Updates & Gauges for Trading on 6/12/2014

Mish Schneider | June 11, 2014

New Position: Long TAN Filled 40.30 ATR 1.05

Name of Instrument: (ARCX) Guggenheim Solar Energy

Current Price: 40.43

Sell Stop: 38.94

Reason For Trade: After a slingshot low May 21st, been compressing over the 200 DMA. June 11ths bullish engulfing pattern gave us a unique risk of only 1.5 ATRs to under the 200 DMA as solar stocks firmed on a weak day in the overall market

First Target: 43.29 or 3 ATRs from entry for 1/2

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Existing Position: Long OI 33.51 ATR .43

Name of Instrument: Owens-Illinois

Current Price: 33.04

Sell Stop: 32.29 or about 3 ATRs risk

Reason For Trade: Clears chart point since mid-April. Over 80 month moving average. Potential to 38 or better

First Target: 34.89 for 1/3

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Existing Position: Long PLD 41.31 ATR .56

Sell Stop: 40.77

Current Price: 41.19

Name of Instrument: ProLogis Inc

Reason For Trade: Nearly 3 months of consolidation, clearing the 50 DMA, over the 80 month moving average, has potential to 43.00 and above

First Target: 42.98 for 1/3

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Existing Position: THC: Long 45.35 ATR 1.38

Name of Instrument: Tenet Healthcare

****Trailing Profitable Stop: 46.77

Current Price: 48.20

Reason For Trade: 2014 pick. Held the 65 weekly and 23 monthly moving average. Corrected to the 200 DMA and held-long term potential over 50.00 great.

***REACHED: First Target: 48.69 for ½

Second Target: 52.00

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