****NOTE: TAN: Raise sell stop on full position to 41.57 with 2 minute time confirm
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Existing Position: TAN: Long 41.68 ATR: 1.10
Name of Instrument: Guggenheim Solar Energy
Current Price: 42.50
****Sell Stop: 41.57 for full position with 2 minute time confirm
Reason For Trade: We bought this on an opening range reversal against the 200 DMA after a month and half long correction from the peak high. Our stop is under the 200 DMA for room. Longer term this is a growth industry-of course, if the market fails, this will too so our stop is a good risk/reward point should the market hold and turn back up.
First Profit Target for ½ off: 44.94
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Existing Position: Long DBA 22.71 ATR: .21
Name of Instrument: PwrShsDB Ag Fd
Current Price: 21.98
Sell Stop: 21.49 Long term trade
Reason For Trade: After a long downward trend in commodities, many are basing out. DBA is a way to trade the basket of soft commodities. It is in a Recovery Phase. Risk is to the 2008 low so lots of room. Traded as high as 25.21 earlier this year. If commodities are bottoming, the upward potential is hard to predict.
First Profit Target for ½: 23.97
