Position Updates & Gauges for Trading on 5/6/2014

Mish Schneider | May 5, 2014

MPW Sold position at 13.40–will revisit after earnings announcement


Existing Position: Long ½ Position EWP 41.76 ATR .48

Name of Instrument: iShs MSCI Spain Capped

Reason For Trade: Upgraded last week, cleared the 80 month moving average-has potential for much bigger move

Current Price: 42.00

Sell Stop: 40.64

First Target: 3-4 ATRs TBD

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Existing Position: Long IFN ATR .33 Filled 22.32

Name of Instrument: India Fund Inc

Reason For Trade: Clearing the 10 DMA after a correction from highs. Good spot on weekly and monthly charts

Current Price: 22.22

Sell Stop: 21.77

First Target: 23.44 for 1/3-1/2

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All out: Long MPW: 13.27 ATR .24 FILLED on EXIT: 13.40

Name of Instrument: Medical Properties Trust

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Existing Position: Long ½ IYR 68.30 ATR .69

Name of Instrument: iShares Real Estate ETF

Current Price: 70.48

Trailing stop 69.29

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

*****Target 1: 70.44 for ½ REACHED!!! Filled 70.40

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

Name of Instrument: Teucrium Corn Fund

Current Price: 34.47

Trailing Stop: 33.69

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