Existing Position: KRE: Long 40.33 ATR .65
Name of Instrument: SPDR S&P Regional Bank
Sell Stop: 38.87 (about 2 1/2 ATRs)
Current Price: 40.18
Reason For Trade: Great basing action over the major moving averages. Long term trade with $4.00 move probable to start
First Target: 42.24 for 1/3
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Existing Position: Long 2/3 OI 33.51 ATR .43
Name of Instrument: Owens-Illinois
Current Price: 34.15
Breakeven stop: 33.51
Reason For Trade: Clears chart point since mid-April. Over 80 month moving average. Potential to 38 or better
***First Target: SOLD 34.54 for 1/3
****Second Target: 35.50 for another 1/3 off
