Position Updates & Gauges for Trading on 7/23/2014

Mish Schneider | July 22, 2014

****NOTE-CSC: Reached first profit target 64.67 sold 1/2 No loss stop now on balance

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

PHO: Long 26.05 ATR .27

Name of Instrument: PwrShares Water Resources

Sell Stop: 25.49

Current Price: 26.06

Reason For Trade: Brick wall bottom on 7/18 clearing the 200 DMA good risk, back in improved phase

First Target: 27.04 for 1/2

View Gauges
View Gauge

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

Exisitng Position: URA: Long 15.05 ATR: .27

Name of Instrument: Global X Uranium ETF

Sell Stop: 14.29

Current Price: 15.48

Reason For Trade: Breaking out of a channel after forming a bottom with long term potential to 16 and higher

First Target: 16.04 for 1/2

View Gauges
View Gauge

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

Existing Position: Long CSC at 62.98 ATR .86 ½ Position
***NOTE-Must exit on or before August 7th before earnings-no date confirmed

Name of Instrument: Computer Sciences

Current Price: 64.68

**Stop Loss: 62.98

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.

****REACHED!!! First Target: 64.67 for ½

Second Target: 65.69 for another ½ balance left

View Gauges
View Gauge