Flash Alert: Time for a bounce? Adjust stops now ...

Let's adjust stop-loss levels to lock in profit.

It seems to me like risk appetite is due for a bounce, assuming commodities play along with the broader market. I think it makes sense to lock-in some open gains now ... 

Trade Essentials.

Here is what I suggest you consider doing now:

 

CORN (Last price: $45.99)

CANCEL AND REPLACE your order to BUY-TO-COVER all shares of Teucrium Corn Fund, symbol CORN, at $50.79, STOP. New Price: $48.57, STOP; this order is good till cancelled.

  

ZSL (Last price: $44.44) 

CANCEL AND REPLACE your order to SELL all shares of the ProShares UltraShort Silver Fund, symbol ZSL, at $36.89, STOP. New Price: $43.19, STOP; this order is good till cancelled.

 

DTO (Last price: $50.69)

CANCEL AND REPLACE your order to SELL all shares of the PowerShares DB Crude Oil Double Short ETN, symbol DTO, at $39.49, STOP. New Price: $48.49, STOP; this order is good till cancelled.

 

BOM (Last price: $13.40) 

CANCEL AND REPLACE your order to SELL all shares of the PowerShares DB Base Metals ETN, symbol BOM, at $11.09, STOP. New Price: $13.19, STOP; this order is good till cancelled.