Position Updates & Gauges for Trading on 6/27/2014

Mish Schneider | June 27, 2014

***NOTE: Out of CSC 63.19 on stop

Existing Position: CSC: Stopped out

***NOTE: Adjustments on stops and targets for OI TAN

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Existing Position: Long TAN 40.30 ATR 1.05

Name of Instrument: (ARCX) Guggenheim Solar Energy

Current Price: 44.30

***Lowered Trailing Stop: 40.94

Reason For Trade: After a slingshot low May 21st, been compressing over the 200 DMA. June 11ths bullish engulfing pattern gave us a unique risk of only 1.5 ATRs to under the 200 DMA as solar stocks firmed on a weak day in the overall market

REACHED!!! First Target: 43.29 for ½

***Second Target: 46.00 for another 1/2

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Existing Position: Long OI 33.51 ATR .43

Name of Instrument: Owens-Illinois

Current Price: 34.56

****Breakeven stop: 33.51

Reason For Trade: Clears chart point since mid-April. Over 80 month moving average. Potential to 38 or better

***First Target: SOLD 34.54 for 1/3

****Second Target: 35.50 for another 1/3 off

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