***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