Position Updates & Gauges for Trading on 4/2/2014

Mish Schneider | April 1, 2014

New Position: XRX: Long 11.25 ATR .28

Name of Instrument: Xerox Company

Current Price: 11.44

Sell Stop: 10.49

Reason For Trade: Crossed key monthly moving average in 2013, tested and held the 200 DMA and confirming phase change to bullish

First Target: 12.45 for 1/3

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Existing Position: USO: Long Filled 36.13 ATR: .47

Name of Instrument: United States Oil Fund

Current Price: 35.83

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 2/3 left

Current Price: 43.84

Name of Instrument: SodaStream International

Trailing Stop: 39.69

REACHED****First Target 44.00 for 1/3

2nd Target: 46.44 for another 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: WFC: Long 45.76 1/3 position left

Sold ½ 45.83

Current Price: 49.77

Trailing stop: 48.24

Name of Instrument: Wells Fargo

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Existing Position: CORN: Long 30.67 Position Size left 17%

Name of Instrument: Teucrium Corn Fund

Current Price: 35.04

Trailing Stop: 32.79

****REACHED! Next Profit Target: 34.27 sold ½ remaining position-no more targets-just raising trailing stops

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