Existing Position: KRE: Long 40.33 ATR .65
Name of Instrument: SPDR S&P Regional Bank
Sell Stop: 38.87 (about 2 1/2 ATRs)
Current Price: 40.46
Reason For Trade: Great basing action over the major moving averages. Long term trade with $4.00 move probable to start
First Target: 42.24 for 1/3
+++++++++++++++++++++++++++++++++++
Existing Position: Long ½ TAN 40.30 ATR 1.05
Name of Instrument: (ARCX) Guggenheim Solar Energy
Current Price: 44.18
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
+++++++++++++++++++++++++++++++
Existing Position: Long 2/3 OI 33.51 ATR .43
Name of Instrument: Owens-Illinois
Current Price: 34.59
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
