Position Updates & Gauges for Trading on 3/13/2014

Mish Schneider | March 12, 2014

NOTES:

USO: All gone now on the 35.12 breakeven stop of the 1/4 position that remained

EEM Lowered buy to cover stop to 40.43

CCUR Exited at: 8.45-all gone

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Existing Position: HSP: Long 43.37 ATR: .79

Current Price: 42.88

Name of Instrument: Hospira Inc

Sell Stop 41.79

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: 41.10

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: 77.12

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: 38.89

LOWERED***Buy Stop To Cover: 40.43

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: 48.12

Raised Trailing stop: 46.49

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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***OUT Existing Position: Long CCUR 8.48 exit price 8.45

Name of Instrument: Concurrent Computer Corp

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***OUT Existing Position USO: Long 35.11 ¼ left –filled 35.12

Name of Instrument: United States Oil Fund LP

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Existing Position: CORN: Long 30.67 Position Size left 12%

Name of Instrument: Teucrium Corn Fund

Current Price: 33.69

Trailing Stop: 31.47

First Target: Reached 31.67 for 1/3

REACHED Second Target: 32.27 for another 1/3 off

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