Position Updates & Gauges for Trading on 2/10/2014

Mish Schneider | February 9, 2014

Existing Position: Long CCUR 8.48 ATR .30

Name of Instrument: Concurrent Computer Corp

Current Price: 8.51

Sell Stop: 7.64

First Target: 9.84 for ½

Reason For Trade: Reported well, cleared the 80 month moving average. Longer term trade looks poised for move to 9.85 or higher.

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New Position USO: Long 35.11

Name of Instrument: United States Oil Fund LP

Current Price: 35.65

Sell Stop: 34.29

First Target: 37.00

Reason For Trade: Recently cleared the 50 DMA and 65 week moving average. Now trying to clear the 23 month moving average. If bottoming after last 2 years, should clear the 200 DMA and see another $2.00-3.00 move up

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Existing Position: CORN: Long 30.67 Position Size left 35%

Name of Instrument: Teucrium Corn Fund

Current Price: 31.62

Sell Stop: 30.67

Reason For Trade: After bottoming formation on 1/10/14, digesting the move with great risk to lows. 1/2 position until it can clear the 50 DMA

First Target: ****Reached 31.67 for 1/3

Second Target: 32.27 for another 1/3 off

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