***NOTE: USO: Raised stop to no loss 35.11
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Existing Position: WFC: Long 45.76
Current Price: 46.13
Sell Stop: 44.77
Name of Instrument: Wells Fargo
Reason For Trade: Good tight stop under 50 DMA with a strong candidate pick for 2014 to continue a move towards 47.00 and beyond
First Target: 47.80
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Existing Position: Long CCUR 8.48
Name of Instrument: Concurrent Computer Corp
Current Price: 8.60
Sell Stop: 7.64
First Target: 9.84 for ½
Reason For Trade: Reported well, cleared the 80 month moving average. Longer term trade looks poised for move to 9.85 or higher. Rumors of takeover in the works
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New Position USO: Long 35.11
Name of Instrument: United States Oil Fund LP
Current Price: 35.91
***Raise stop to no loss stop: 35.11
First Target: 36.49 for 1/2
Reason For Trade: Recently cleared the 50 DMA and 65 week moving average. Now trying to clear the 23 month moving average. If bottoming after last 2 years, should clear the 200 DMA and see another $2.00-3.00 move up
++++++++++++++++++++++++++++++++++++++
Existing Position: CORN: Long 30.67 Position Size left 35%
Name of Instrument: Teucrium Corn Fund
Current Price: 31.49
Sell Stop: 30.67
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: ****Reached 31.67 for 1/3
Second Target: 32.27 for another 1/3 off