Position Updates & Gauges for Trading on 4/24/2014

Mish Schneider | April 23, 2014

***NOTE: Checking earnings on MPW-thought it was in May, turns out could be after close April 25th-heads up for instructions tomorrow
Also-Market quiet and earnings season upon us-will look for a new trade before week ends.

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New Position: Long MPW: 13.27 ATR .24

Name of Instrument: Medical Properties Trust

Once Filled Sell Stop: 12.74

Current Price: 13.17

*Reports on Tuesday, May 6

Reason For Trade: In Healthcare and has converging moving averages which it's clearing. Some resistance 13.74 but if that clears could see 14.50 or higher

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Existing Position: Long IYR 68.30 ATR .69

Name of Instrument: iShares Real Estate ETF

Current Price: 69.01

Raised***Breakeven stop 68.30

Reason For Trade: Showing relative strength in weak tape with a move and hold over the 50 DMA.

Target 1: 70.44 for 1/2

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

Name of Instrument: Teucrium Corn Fund

Current Price: 34.70

Trailing Stop: 33.29

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