New Position: SODA: Long 39.10 ATR 2.00
Current Price: 39.04
Name of Instrument: SodaStream International
Once Filled Sell Stop: 35.14
First Target 43.00 for 1/2
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 ATR .90
Current Price: 73.61
Sell Stop: 71.49
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
First Target: 75.47 for 1/3 off
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Existing Position: EEM: Short 39.42 ATR .73
Current Price: 38.78
***NOTE-Leave stop but might adjust it down after open-watch for text/email
Buy Stop To Cover: 40.61
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 1/2
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Existing Position: WFC: Long 45.76 ½ position
Sold ½ 45.83
Current Price: 46.15
Sell Stop: 44.79
Name of Instrument: Wells Fargo
Reason For Trade: Good tight stop under 50 DMA with a strong candidate pick for 2014 to continue a move towards 47.00 and beyond
First Target: 47.80
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Existing Position: Long CCUR 8.48
Name of Instrument: Concurrent Computer Corp
Current Price: 8.29
***Lowered Sell Stop: 7.67
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. Rumors of takeover in the works
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Existing Position USO: Long 35.11 ½
Name of Instrument: United States Oil Fund LP
Current Price: 37.52
***Raise stop to trailing stop: 35.47
REACHED***First Target: 36.49 for ½
USO: P2 or Target two to take off 1/2 Existing balance 38.39-would leave 1/4 position if filled
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Existing Position: CORN: Long 30.67 Position Size left 12%
Name of Instrument: Teucrium Corn Fund
Current Price: 32.97
Raised***Trailing Stop: 30.95
First Target: ****Reached 31.67 for 1/3
REACHED***Second Target: 32.27 for another 1/3 off
