***Notes: SODA Raised stop from breakeven to trailing. Lowered WFC trailing stop to 47.93
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New Position: USO: Long Filled 36.13 ATR: .47
Name of Instrument: United States Oil Fund
Current Price: 36.12
Sell Stop: 35.19
First Target: 37.24 for 1/3
Reason For Trade: After our initial profitable position, it is setting up again with a move over the 200 DMA for a phase change to accumulation. Plus, it held key weekly and monthly moving averages.
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Existing Position: SODA: Long 39.10 ATR 2.00
Current Price: 42.22
Name of Instrument: SodaStream International
****Raised Trailing Stop: 39.47
First Target 44.00 for 1/3
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: 74.17
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: 39.81
Buy Stop To Cover: 40.41
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: 48.50
***Lowered Trailing stop: 47.93
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: 33.42
Trailing Stop: 31.97
Next Profit Target: 34.27 Take off half of remaining position
