Position Updates & Gauges for Trading on 5/2/2014

Mish Schneider | May 1, 2014

NOTES:
See notes on IYR

MPW announces earnings before the open May 6th-will exit Monday if not sooner-see raised sell stop

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Existing Position: Long ½ Position EWP 41.76 ATR .48

Name of Instrument: iShs MSCI Spain Capped

Reason For Trade: Upgraded last week, cleared the 80 month moving average-has potential for much bigger move

Current Price: 42.06

Sell Stop: 40.64

First Target: 3-4 ATRs TBD

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Existing 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: 22.05

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

Raised*****Sell Stop: 13.14

Current Price: 13.48

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: 70.26

****Trailing stop 69.17

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

*****Target 1: 70.44 for ½ (Make that a market if touched order-meaning-if touches that level, sell at the market)

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

Name of Instrument: Teucrium Corn Fund

Current Price: 34.59

Trailing Stop: 33.69

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