Position Updates & Gauges for Trading on 11/17/2014

Mish Schneider | November 16, 2014

****NOTE: CENX Lower stop to 25.57

CORN: Raise trailing stop 25.67


New Position: Long KRE filled 40.10 ATR .78

Name of Instrument: SPDR S&P Regional Bank ETF

****RAISED-Sell Stop: 38.94

Current Price: 40.53

Reason For Trade: In an Accumulation Phase with the 10 DMA approaching a cross over the 200 DMA. Stop below the 50 DMA gives room for trade to mature. It crossed the 65-week moving average the last week of October and a trendline break from the 2014 highs after a substantial correction earlier in the month.

First Profit Target: 42.44 for 1/2

View Gauges
View Gauge


Existing Position: CORN: Long 24.75 ATR .61 (2/3 left)

Name of Instrument: Teucrium Corn Fund

****Raised to Profitable Trailing Stop: 25.67

Current Price: 26.61

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.

***REACHED! First Target: 25.70 for 1/3 off

P2 27.94 for ½ off of balance left

View Gauges
View Gauge


New Position: Long CENX 27.73 ATR 1.47

Name of Instrument: Century Aluminum

****Lowered Sell Stop: 25.57

Current Price: 27.53

Reason For Trade: This is a reentry of the trade with a great risk to under the 50 DMA after posting an inside day on November 11th. The longer term trend based on a breakout over the 80 monthly moving average earlier this year shows great potential to 38.00-39.00 if takes out 29.60 the 2014 high.

First Profit Target: 33.14 for 1/2

View Gauges
View Gauge