Position Updates & Gauges for Trading on 1/16/2014

Mish Schneider | January 15, 2014

***NOTE: Next week FITB and IGT report earnings-watch for instructions next Tuesday

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New Position: KRE: Long 40.40 (ATR 1.22)

Current Price: 40.26

Name of Instrument: SPDR S&P Regional Bank

Reason For Trade: Bull Phase, Improved in Condition, 2 ATR risk with breaking out of a trendline from 2013 highs

Stop Loss: 39.37

First Target: 41.89 for 1/2

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Existing Position: VNO: Long 90.07 2/3 position

Current Price: 92.01

Name of Instrument: Vornado Realty Trust ATR 1.23

Reason For Trade: Confirmed phase change to bullish on daily chart. In good position on week/month charts.

Stop Break Even: 90.07

REACHED***First Target: 91.87 sold 1/3

Second Target: 93.49 for another 1/3

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Existing Position: Long IGT 17.96

Name of Instrument: International Game Technology

Current Price: 17.45

Sell Stop: 16.62

First Target: 19.24 for ½ off

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Existing Position: Long FITB 19.10 ½ position

Name of Instrument: Fifth Third Bancorp

Current Price: 21.55

Trailing Stop: 20.69

REACHED**First Target: 20.94 Market if touched for ½

***Second Target: 23.49 for another ¼ position

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