***NOTE: Raised sell stop in CENX to 26.88
Existing Position: Long CENX: at 27.10 ATR 1.39 2/3 Position left
Name of Instrument: Century Aluminum
****Raise Sell Stop: 26.88
Current Price: 29.41
Reason For Trade: Reported Earnings and after an initial sell-off, rallied back over the 50 DMA and cleared R1. Earlier this year, it cleared the 80 month moving average after 6 years of trading beneath it. If this can clear 29.54, see a move to around 35.00 possible.
***REACHED! First Target for 1/3 off: 29.24
Second target for ½ off balance: 31.2
Existing Position: CORN: Long 24.75 ATR .61 (2/3 left)
Name of Instrument: Teucrium Corn Fund
Sell Stop 24.34
Current Price: 26.07
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 26.79 for ½ off of balance left