Existing Position: Long LNKD 128.40 ATR: 4.374
Name of Instrument: LinkedIn Corporation
Current Price: 128.77
Reason For Trade: After good earnings report, LNKD showed significant growth in its user base and a positive outlook for the rest of this year. Technically, it is in a Recovery Phase which is why we are using the lower stop under the 50 DMA. There is a gap overhead to fill to 185. That is also where the 50 and 200 week moving averages are. Our first target is right under the 100 DMA. If LNKD can continue up beyond the weekly moving averages, we will be trailing a tail by then.
Sell stop: Sell ½ on a 119.24 stop and ½ on a 115.74 stop. Note: We position sized for the lower stop so on a 100k about 40 shares
First target for ½ off: 149.97
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Existing Position: DBA: Long 20.94 ATR: .22
Name of Instrument: PwrShs DB Ag Fd
Current Price: 21.2
Reason for Trade: Granted, timing could have been better on the entry. We had had a position in this we exited at 20.74 and 20.24 respectively. However, the longer term picture remains the same. With a risk below all the moving averages, the trend has been volatile but basically higher after the basing action. It is holding the 6-month January Calendar range. The weather conditions in many of the growing regions have not been conducive thus far. The season is just beginning. Worst case, we get stopped out with our 3 ATR risk. Best case, it holds the moving averages and works itself back up an onto to new 2016 highs.
***LOWERED Sell Stop: 20.04 or a bit less than 4 ATRs
First Target: 21.84 to sell ½
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***Sold ½ position at 16.99 Existing Position: Long SLV 1/4 14.30 ATR: .27
Name of Instrument: iShares Silver Trust
Current Price: 16.56
Reason For Trade: SLV one of those times I had 2 choices-reduce risk or increase it. We went for reducing it with the idea it could turn around. We bought back 1/2 giving up 1/2 ATR. If good will add. If not decreased exposure on 2nd attempt.
***RAISED Trailing Stop: 15.74
***Second Profit Target Sell ½ position: 19.87
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Existing Position: Long ¼ GLD 104.35 ATR: 1.28
Name of Instrument: SPDR Gold Trust
Current Price: 122.12
***RAISED Trailing Stop: 117.94
Reason For Trade: In a Recovery Phase and trying to base, like the wider risk to see if it can hold the January Calendar Range Low 102.49. If it does, 106.24 is the January Calendar Range high. If that clears it also clears the 100 DMA with next overhead resistance at 109 the 200 DMA. At this point I’d rather hold GLD in case it has bottom but we will look to take some off around 2:1 risk/reward ratio or at around 109-110 level.
****REACHED! First Target: Sold ½ at 108.00
*** REACHED! Second Target sold another ½ of remaining position: 111.94
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Position: Long ¼ GDX 16.55 ATR .80
Name of Instrument: Market Vectors Gold Miners
Current Price: 25.05
***RAISED Trailing Stop: 21.74
Reason For Trade: After exploding higher earlier in February, the correction was about 10% from the highs. Our long has a stop under the 10 and 200 DMA. Plus, it has cleared a 50 Week Moving Average so our stop is under that as well. A base that has been forming on the daily chart going back from July 2015 and with the recent strength in GDX, indicates that if it can get to 19.00 and hold (near our first target), it can go much higher over time.
REACHED!! First Profit Target: Take off ½ at 18.90
***REACHED!! Second Profit Target: Sold another ½ of remaining position at: 21.24
