Position Updates & Gauges for Trading on 1/24/2014

Mish Schneider | January 23, 2014

NOTE: Changes: FITB sold ½ of remaining at 21.75 Stop on balance Lowered 20.79

IGT exited: 17.70

KRE: New stop updated below

VNO: Lowered stop see below

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New Position: Long CORN: 1/2 Position Filled 30.67 ATR .68

Name of Instrument: Teucrium Corn Fund

Current Price: 30.66

Sell Stop: 29.47

Reason For Trade: After bottoming formation on 1/10/14, digesting the move with great risk to lows. 1/2 position until it can clear the 50 DMA

First Target: Leaving it flexible for now-watch for updates

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New Position: KRE: Long 40.40 (ATR 1.22)

Current Price: 40.56

Name of Instrument: SPDR S&P Regional Bank

***RAISED Stop Loss: 39.64

First Target: 41.89 for 1/2

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Existing Position: VNO: Long 90.07 1/3 position

Current Price: 91.73

Name of Instrument: Vornado Realty Trust ATR 1.23

Reason For Trade: Confirmed phase change to bullish on daily chart. In good position on week/month charts.

LOWERED***Trailing Stop: 90.97

REACHED***First Target: 91.87 sold 1/3

REACHED***Second Target: 93.49 for another 1/3

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Existing Position: Long IGT 17.96 –EXITED 17.70

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Existing Position: Long FITB 19.10 ¼ position remaining

Name of Instrument: Fifth Third Bancorp

Current Price: 21.52

LOWERED*** Trailing Stop: 20.79

REACHED**First Target: 20.94

Sold ½ Remaining balance: 21.75

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