New Position: HSP: Long 43.37 ATR: .79
Current Price: 43.31
Name of Instrument: Hospira Inc
Once Filled Sell Stop 41.99
Reason For Trade: On week and month charts, cleared major moving averages. On daily, holding the 50 DMA with a great risk of 2 ATRs under recent lows. In Healthcare, good sector this year
First Target: 45.74 for 1/3
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Existing Position: SODA: Long 39.10 ATR 2.00
Current Price: 42.71
Name of Instrument: SodaStream International
Breakeven Stop: 39.10
First Target 44.00 for 1/2
Reason For Trade: After taking a beating on a political situation in the Middle East, it had a good bottoming pattern. Furthermore, news today on a possible arrangement with Sunny Delight could get this going.
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Existing Position: Long YUM: 72.89 2/3 left
Current Price: 77.40
Trailing Stop: 73.47
Name of Instrument: Yum Brands
Reason For Trade: After gap post earnings, now above the 50 DMA. Good low risk trade against the 200 DMA looking for momentum to clear 74.00 if holds
REACHED-First Target: 75.75 for 1/3 off
Target 2: 78.47 another 1/3
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Existing Position: EEM: Short 39.42 ATR .73
Current Price: 39.25
Buy Stop To Cover: 40.61
Name of Instrument: Emerging Market ETF
Reason For Trade: Failed the 80 and 23 month moving averages which are about to cross down. Recent rally sets up with a good risk over those moving averages.
First Target: 37.16 Cover 1/2
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Existing Position: WFC: Long 45.76 1/3 position left
Sold ½ 45.83
Current Price: 48.15
**** Raised Breakeven stop: 45.76
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
****REACHED: First Target: 47.80 reached sold 1/3 filled 48.05
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Existing Position: Long CCUR 8.48
Name of Instrument: Concurrent Computer Corp
Current Price: 8.69
****Sell Stop: 7.74 Raised
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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Existing Position USO: Long 35.11 ¼ left
Name of Instrument: United States Oil Fund LP
Current Price: 36.30
***LOWERED stop to break even stop: 35.12 on ¼ left
REACHED***First Target: 36.49 for ½
***Sold ½ of the balance 36.65
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Existing Position: CORN: Long 30.67 Position Size left 12%
Name of Instrument: Teucrium Corn Fund
Current Price: 32.95
Raised***Trailing Stop: 31.47
First Target: ****Reached 31.67 for 1/3
REACHED***Second Target: 32.27 for another 1/3 off
