Instructions today:
IYR: High today 71.74 a target which you may or may not have been able to sell the 1/2 of remaining balance at-if so, great, if not, sell 1/2 IYR balance on a 70.59 stop
***NOTE: Will calculate we exited ¼ at 71.74 for the model portfolio and note the raised stop to exit the balance of the remaining position at 70.49 for tomorrow
***NOTE: Lower stop in TBTs to 61.98
++++++++++++++++++++++++++++++++++++++++++++
New Position: THC: Long 45.35 ATR 1.38
Name of Instrument: Tenet Healthcare
Sell Stop: 42.99
Current Price: 46.04
Reason For Trade: 2014 pick. Held the 65 weekly and 23 monthly moving average. Corrected to the 200 DMA and held-long term potential over 50.00 great.
First Target: 48.89 for 1/2
+++++++++++++++++++++++++++++++++++++++++++
Existing Position: TBTs: Long 63.04 ATR 1.07
Name of Instrument: Ultrashort Lehman 20+ Yr Treasuries
****Lowered to original sell Stop: 61.98
Current Price: 63.49
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
++++++++++++++++++++++++++++++++
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: 42.06
Sell Stop: 41.44
First Target: 3-4 ATRs TBD
+++++++++++++++++++++++++++++++++++++
Existing Position: Long ½ IYR 68.30 ATR .69
Name of Instrument: iShares Real Estate ETF
Current Price: 70.80
RAISED***70.49
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 ½ SOLD ¼ at target!!
