***NOTE: All Out of DBC: 17.30
***NOTE: Raise stop in DBA to a true no loss stop 22.71 with a two minute time confirm
++++++++++++++++++++++++++++++++++++
Existing Position: Long DBA 22.71 ATR: .21
Name of Instrument: PwrShsDB Ag Fd
Current Price: 23.20
****Raised Sell Stop: 22.71 with a two minute time confirm
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.
****Reached: First Profit Target for ½: 23.31
***Second Profit Target for another ½ off: 23.71
++++++++++++++++++++++++++++++++++++++++++
All out 17.30 Existing Position: Long DBC: 17.63 ATR .21
+++++++++++++++++++++++++++++++++++++++++
Existing Position: CDE: Long 5.65 ATR .25
Name of Instrument: Coeur Mining Inc.
Current Price: 5.80
Sell Stop: 5.24 with a 2 minute time confirm
Reason For Trade: If you recall, I had given you a buy stop a couple of weeks ago which we canceled. Since then, this is the retracement back to the 50 DMA with a good stop just under the 200 DMA. With less than 2 ATRs of risk, if this can hold up and clear over 6.00 again, high probability we see close to 8.00 or higher. Similar to our DBC trade, this made a double bottom this year from the last time it traded at these lows back in 2008.
First Profit Target: 6.37 P1 for ½ off
