Position Updates & Gauges for Trading on 6/23/2014

Mish Schneider | June 22, 2014

***Note: ******CANCEL:
Cancel-URA: Buy on a buy stop 14.71

Will try for 2 new trades next week


Existing Position: Long TAN 40.30 ATR 1.05

Name of Instrument: (ARCX) Guggenheim Solar Energy

Current Price: 44.77

Raised to Trailing Stop: 41.29

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

REACHED!!! First Target: 43.29 for ½

Stay Tuned for Second Target:

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Existing Position: Long OI 33.51 ATR .43

Name of Instrument: Owens-Illinois

Current Price: 34.23

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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