Position Updates & Gauges for Trading on 4/16/2014

Mish Schneider | April 16, 2014

New Position: MPW: Long 13.26 ATR .24

Name of Instrument: Medical Properties Trust

Current Price: 13.24

Sell Stop: 12.74

Reason For Trade: In Healthcare and has converging moving averages which it's clearing. Some resistance 13.74 but if that clears could see 14.50 or higher

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Existing Position: Long IYR 68.30 ATR .69

Name of Instrument: iShares Real Estate ETF

Current Price: 68.49

LOWERED***Sell Stop 67.19

Reason For Trade: Showing relative strength in weak tape with a move and hold over the 50 DMA.

Target 1: 70.44 for 1/2

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Existing Position: XRX: Long 11.25 ATR .28

Name of Instrument: Xerox Company

Current Price: 11.31

Sell Stop: 10.84

Reason For Trade: Crossed key monthly moving average in 2013, tested and held the 200 DMA and confirming phase change to bullish

First Target: 12.04 for 1/3

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Existing Position: USO: Long 36.13 Sold 1/3 37.17 2/3 position left

Name of Instrument: United States Oil Fund

Current Price: 37.39

No Loss Stop: 36.13

***First Target: 37.17 Reached

Second Target: 38.47 for another 1/3

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Existing Position: CORN: Long 30.67 Position Size left 17%

Name of Instrument: Teucrium Corn Fund

Current Price: 34.94

Trailing Stop: 33.49

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