Position Updates & Gauges for Trading on 3/25/2014

Mish Schneider | March 24, 2014

***Notes***

HSP stopped out 41.79

WFC: Raise trailing stop 47.19

YUM: Sold 1/3 existing position- filled 74.67

EEM: Covered 1/2 the existing short at the market-filled 39.40

CORN: Raise Trailing Stop to 31.97

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Stopped out: Existing Position: HSP: Long 43.37 ATR: .79 out 41.79

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Existing Position: SODA: Long 39.10 ATR 2.00

Current Price: 42.60

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 1/3 left

Current Price: 74.54

Trailing Stop: 73.47 on balance

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

Sold 1/3 74.67

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Existing Position: EEM: Short 39.42 ATR .73 Covered ½ 39.39 ½ position left

Current Price: 39.34

LOWERED***Buy Stop To Cover: 40.31

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 1/4

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Existing Position: WFC: Long 45.76 1/3 position left

Sold ½ 45.83

Current Price: 48.98

***Raised Trailing stop: 47.19

Name of Instrument: Wells Fargo

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Existing Position: CORN: Long 30.67 Position Size left 33%

Name of Instrument: Teucrium Corn Fund

Current Price: 33.76

Raised***Trailing Stop: 31.97

Next Profit Target: 34.27 Take off half of remaining position

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