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2018-04-23_BTU-UTD

Peabody Energy Corp. (Symbol: BTU) is the only short position in our Long Term Portfolio. We said it should be closed if the price moved back up above $40 but never instructed to actually close it. Since the technical configuration made us believe the move above $41 was temporarily we maintained the position. Now that the BTU price is up again just below the falling trend line we will close the position at breakeven with a $38.8 stop order just above the last daily candle.

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