Back on January 21st, the Dow made its first new high for the year and reversed causing a pretty significant correction in the overall market. At the same time IBM, a huge component of the Dow, rallied up to major …
New Position: Long TAN Filled 40.30 ATR 1.05
Name of Instrument: (ARCX) Guggenheim Solar Energy
Current Price: 40.43
Sell Stop: 38.94
Reason For Trade: After a slingshot low May 21st, been compressing over the 200 DMA. June 11ths bullish engulfing …
New Position: Long TAN Filled 40.30 ATR 1.05
Name of Instrument: (ARCX) Guggenheim Solar Energy
Current Price: 40.43
Sell Stop: 38.94
Reason For Trade: After a slingshot low May 21st, been compressing over the 200 DMA. June 11ths bullish engulfing …
Longs:
SPWR
GT
CI
GMCR
HUM
PEP
PM
XOM
YOKU
IGT
LVS
CIEN
TWTR
TXT
CLH
UAL
ETP
FTI
PANW
MBT
LNKD
CNO
C
AMGN
AFL
FNSR
Shorts:
RLGY
QCOM
IBM…
Not the first time we have seen a correction through time rather than price in the overall market. That scenario generally follows a low volume environment exactly as the one we have been in currently-active investors and HFTs main participants …
Existing Position: Long OI 33.51 ATR .43
Name of Instrument: Owens-Illinois
Current Price: 33.25
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 …
Existing Position: Long OI 33.51 ATR .43
Name of Instrument: Owens-Illinois
Current Price: 33.25
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 …
Longs:
SPWR
CI
PEP
EW
PM
CTRP
CVX
XOM
GOOG
P
VXX
REGN
YHOO
OI
TEX
ONVO
SWI
ISIS
DANG
YOKU
CVX
IPG
FMC
MCO
JBL
ANN
MNST
KBH
Shorts:
COG
VLO
POT
LNKD
D…
As positive as the market looked coming into this week and as positive as it may continue to look heading into the lazy, hazy days of summer, if there is one lesson to be learned from 2014-this is not 2013 …
****NOTE: So not popped out, lowering PLD stop to 40.77
+++++++++++++++++++++++++++++++
Existing Position: Long OI 33.51 ATR .43
Name of Instrument: Owens-Illinois
Current Price: 33.71
Sell Stop: 32.29 or about 3 ATRs risk
Reason For Trade: Clears chart point since …