****IYT: 1/2 position stopped out 146.95 all out
FITB: Out 20.67
***NOTE: PBF: New trailing stop 32.97 with 2 min time confirm
++++++++++++++++++++++++++++++++
***OUT 146.95 Long ½ position only IYT: 150.24 ATR 2.234
Name of Instrument: iShs Transp Average ETF
++++++++++++++++++++++++++++++
***OUT 20.67 Existing Position: FITB: Long 21.50 ATR: .33
Name of Instrument: Fifth Third Bancorp
++++++++++++++++++++++++++++++++++
Existing Position: PBF: Long 31.20 ATR 1.28
Name of Instrument: PBF Energy Inc CI A
Current Price: 35.29
****RAISED Trailing stop: 32.97 with time confirm
Reason For Trade: In a current state of consolidation, the risk to the 50 DMA is within bounds for a reward, should it clear over 32.00 of much higher levels. A weekly close over 32.62 will be the highest weekly close since 2013. At that point, it could run to the 40 level or better. IN current market conditions, I am looking for risks to major moving averages within 2 ATRs with 2 times that of reward potential.
***PROFIT TARGET REACHED Sold 1/3 33.44
***REACHED Second Profit Target Sold 1/3 original position: 34.44!
Third Profit Target: Sell another ½ of remaining position at 37.24
