Position Updates & Gauges for Trading on 5/15/2014

Mish Schneider | May 14, 2014

***NOTE: Out of TBTs 61.98

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New Position: THC: Long 45.35 ATR 1.38

Name of Instrument: Tenet Healthcare

Sell Stop: 42.99

Current Price: 46.09

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

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Out of Existing Position: TBTs: Long 63.04 at 61.98

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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: 42.17

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: 70.99

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!!

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