Position Updates & Gauges for Trading on 10/24/2014

Mish Schneider | October 24, 2014

****Note: Exited GLD at 118.59


All Out Of Existing Position: GLD Long 118.26 ATR 1.17

Name of Instrument: Spdr Gold Trust

HIT ****Profitable Trailing Stop: 118.59-all out

First Target: Sold 1/3 at 120.05 then sold ½ more at 119.38


New Position: CORN: Long 24.75 ATR .61

Name of Instrument: Teucrium Corn Fund

***Raise Sell Stop 23.74

Current Price: 25.34

Reason For Trade: Super tight risk based on the lows from 10/07 after it confirmed a slingshot low, then went on to trade above the 50 DMA then retrace back below it. Now, it has cleared the 50 DMA once again for an unconfirmed phase change to recovery. There has been concerns about heavy rain in the growing regions of the US impacting the fall harvest and the supply after a record number were planted before the harvest.

First Target: 25.70 for 1/3 off

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