Position Updates & Gauges for Trading on 2/4/2014

Mish Schneider | February 3, 2014

***All out FITB 20.54

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New Position USO: Long 35.11

Name of Instrument: United States Oil Fund LP

Current Price: 34.54

Sell Stop: 34.29

First Target: 37.00

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

View Gauges
View Gauge

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Existing Position: CORN: Long 1/2 Position Filled 30.67

Name of Instrument: Teucrium Corn Fund

Current Price: 30.95

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

View Gauges
View Gauge

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ALL OUT Position: Long FITB 19.10 ¼ position remaining gone 20.54

Name of Instrument: Fifth Third Bancorp

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