Position Updates & Gauges for Trading on 7/11/2014

Mish Schneider | July 10, 2014

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: 39.79

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

View Gauges
View Gauge

+++++++++++++++++++++++++++++++++++


Existing Position: Long 2/3 OI 33.51 ATR .43

Name of Instrument: Owens-Illinois

Current Price: 34.04

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

View Gauges
View Gauge