Position Updates & Gauges for Trading on 7/14/2014

Mish Schneider | July 13, 2014

New Position: Long CSC at 62.98 ATR .86

Name of Instrument: Computer Sciences

Current Price: 62.86

**Stop Loss: 61.89

Reason For Trade: Second try against the 50 DMA with less than 1.5 ATR of risk and weekly chart support-Reports August 7th so will exit before.

First Target: 64.67 for 1/2

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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: 39.74

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: 34.24

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

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