Position Updates & Gauges for Trading on 4/29/2014

Mish Schneider | April 28, 2014

New Position: Long IFN ATR .33 Filled 22.32

Name of Instrument: India Fund Inc

Reason For Trade: Clearing the 10 DMA after a correction from highs. Good spot on weekly and monthly charts

Current Price: 22.11

Sell Stop: 21.49

First Target: 23.44 for 1/3-1/2

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New Position: Long MPW: 13.27 ATR .24

Name of Instrument: Medical Properties Trust

Sell Stop: 12.89

Current Price: 13.41

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

First Target: 13.69 for 1/2

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Existing Position: Long IYR 68.30 ATR .69

Name of Instrument: iShares Real Estate ETF

Current Price: 69.38

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: 34.97

Trailing Stop: 33.29

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