Below you will see the published updates from the Market Dimensions Advisory showcasing the positions that were executed following the MDA SnapShot levels that were released from today’s session. This content is from the “Trading Updates/Recaps” that go out to MDA Subscribers. If you would like to follow these trading alerts in real-time, receive them in your inbox and have the ability to speak with me, you will need to subscribe to the newsletter and become a client of our firm. To get these updates sent directly to your inbox, please SUBSCRIBE HERE. To see ALL MDA published updates (trading recaps, daily levels, and educational trading material), visit the MDA BLOG PAGE: HERE.
Published 5/4/16 12:16 pm central – Position Update
Here is an update to the sell zone position that was highlighted earlier today after the move higher and the storage report. We broke through our sell zone and also broke through the previous sell zone, which was highlighted as an area to add to the position. I look to find areas to add to positions as momentum is in our favor and not to add to losers. This always gives you the chance to have an exit/stop on the 2nd position or ability to take the trade off for an outright scratch if wrong. This is an example of how that approach would be in your favor. On the chart, I highlighted just the original sell zone entry which is +.50 cents or $500 before fees. if you would have added to the position the 2nd position would be +.17 cents or an additional $170 before fees.
Current low is $43.22
Click Image for Larger New Window:
30 min SnapShot Chart: Highlighting Short Position
30 Min SnapShot Chart: Chart from original update: 5/4/16 10:16 am central time
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