Position Updates & Gauges for Trading on 7/25/2014

Mish Schneider | July 24, 2014

***NOTE: Lowering stop in URA to 14.72 to give this thin instrument room

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Existing Position: PHO: Long 26.05 ATR .27

Name of Instrument: PwrShares Water Resources

Sell Stop: 25.49

Current Price: 25.88

Reason For Trade: Brick wall bottom on 7/18 clearing the 200 DMA good risk, back in improved phase

First Target: 27.04 for 1/2

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View Gauge

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Exisitng Position: URA: Long 15.05 ATR: .27

Name of Instrument: Global X Uranium ETF

****Lowered Stop: 14.72

Current Price: 15.26

Reason For Trade: Breaking out of a channel after forming a bottom with long term potential to 16 and higher

First Target: 16.04 for 1/2

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View Gauge

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Existing Position: Long CSC at 62.98 ATR .86 ½ Position
***NOTE-Must exit on or before August 7th before earnings-no date confirmed

Name of Instrument: Computer Sciences

Current Price: 64.92

**Stop Loss: 62.98

Reason For Trade: Second try against the 50 DMA with less than 1.5 ATR of risk and weekly chart support-Reports August 7th so will exit before.

****REACHED!!! First Target: 64.67 for ½

Second Target: 65.69 for another ½ balance left

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View Gauge

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