CORN: Out of the balance 33.87
Raise Sell Stop to breakeven in TBTs : 63.04
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Existing Position: TBTs: Long 63.04 ATR 1.07
Name of Instrument: Ultrashort Lehman 20+ Yr Treasuries
Breakeven Stop: 63.04
Current Price: 64.55
Reason For Trade: Total bottom fishing based on recent brick wall bottom. Tight risk to under recent lows. I also see a possible sea change with the FED as far as keeping rates low along with the start of some potentially inflationary data-rising cost, lower production.
First Target: 67.24 for 1/2
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Existing Position: Long ½ Position EWP 41.76 ATR .48
Name of Instrument: iShs MSCI Spain Capped
Reason For Trade: Upgraded last week, cleared the 80 month moving average-has potential for much bigger move
Current Price: 42.19
Sell Stop: 41.44
First Target: 3-4 ATRs TBD
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Existing Position: Long ½ IYR 68.30 ATR .69
Name of Instrument: iShares Real Estate ETF
Current Price: 71.22
RAISED***Trailing stop 69.89
Reason For Trade: Showing relative strength in weak tape with a move and hold over the 50 DMA.
Target 1: 70.44 for ½ REACHED!!!
Target 2: 71.74 for another 1/2
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EXITED: Existing Position: CORN: Long 30.67 Position Size left 17% ALL OUT 33.87
