Position Updates and Gauges for Trading on 3/26/2015

Mish Schneider | March 25, 2015

****NOTE: EA: Out at 56.27

****HACK: Out at 27.96

***CANCEL DDD Buy Stop

***KRE Sold ½ last 5 minutes before close: 40.26 **LOWER stop on the other ½ to 39.24

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New Position: ½ KRE long 40.86 ATR .66 (SOLD ½ 40.26)

Name of Instrument: SPDR S&P Regional Bank

Current Price: 40.24

**Lowered: Sell Stop: 39.24

Reason for Trade: Bought on weakness in a bull phase with good 2 ATR risk to the 100 and 50 DMAs and the March low. Defensive measures sold ½ same day to reduce exposure which we will buy back on an opening range breakout over R1 when happens.

First Profit Target: ½ off 42.84 Market if touched

View Gauges

View Gauge

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***OUT 56.27 of the Existing Position: Long ¾ EA 56.13

First Profit Target: Sold ¼ position 58.10

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****Out of the other ½ 27.96 Existing Position: Long ½ HACK 27.97

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