Position Updates & Gauges for Trading on 2/5/2014

Mish Schneider | February 5, 2014

***Profit target Reached: CORN: Sold 1/3 Position 31.67 now move to no loss stop for balance

+++++++++++++++++++++++++++++++++++++++

***New Position: Long CCUR 8.48 ATR .30

Name of Instrument: Concurrent Computer Corp

Current Price: 8.53

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.

++++++++++++++++++++++++++++++++++++

New Position USO: Long 35.11

Name of Instrument: United States Oil Fund LP

Current Price: 34.74

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

Click to view the gauge for this position
(opens in web browser)

View Gauges
View Gauge

++++++++++++++++++++++++++++++++++++++

Existing Position: CORN: Long 30.67 Position Size left 35%

Name of Instrument: Teucrium Corn Fund

Current Price: 31.52

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

View Gauges
View Gauge

About the author

+ posts