Position Updates & Gauges for Trading on 3/27/2014

Mish Schneider | March 26, 2014

***Notes: SODA Raised stop from breakeven to trailing. Lowered WFC trailing stop to 47.93


New Position: USO: Long Filled 36.13 ATR: .47

Name of Instrument: United States Oil Fund

Current Price: 36.12

Sell Stop: 35.19

First Target: 37.24 for 1/3

Reason For Trade: After our initial profitable position, it is setting up again with a move over the 200 DMA for a phase change to accumulation. Plus, it held key weekly and monthly moving averages.

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Existing Position: SODA: Long 39.10 ATR 2.00

Current Price: 42.22

Name of Instrument: SodaStream International

****Raised Trailing Stop: 39.47

First Target 44.00 for 1/3

Reason For Trade: After taking a beating on a political situation in the Middle East, it had a good bottoming pattern. Furthermore, news today on a possible arrangement with Sunny Delight could get this going.

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Existing Position: Long YUM: 72.89 1/3 left

Current Price: 74.17

Trailing Stop: 73.47 on balance

Name of Instrument: Yum Brands

Reason For Trade: After gap post earnings, now above the 50 DMA. Good low risk trade against the 200 DMA looking for momentum to clear 74.00 if holds

Sold 1/3 74.67

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Existing Position: EEM: Short 39.42 ATR .73 Covered ½ 39.39 ½ position left

Current Price: 39.81

Buy Stop To Cover: 40.41

Name of Instrument: Emerging Market ETF

Reason For Trade: Failed the 80 and 23 month moving averages which are about to cross down. Recent rally sets up with a good risk over those moving averages.

First Target: 37.16 Cover 1/4

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Existing Position: WFC: Long 45.76 1/3 position left

Sold ½ 45.83

Current Price: 48.50

***Lowered Trailing stop: 47.93

Name of Instrument: Wells Fargo

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Existing Position: CORN: Long 30.67 Position Size left 33%

Name of Instrument: Teucrium Corn Fund

Current Price: 33.42

Trailing Stop: 31.97

Next Profit Target: 34.27 Take off half of remaining position

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