Position Updates & Gauges for Trading on 1/7/2015

Mish Schneider | January 6, 2015

***NOTE: SUNE ½ position stopped out 17.92

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New Position: Long GM filled 34.80 ATR .76

Name of Instrument: General Motors Co. (Earnings Date February 15th)

Sell Stop: 33.37

Current Price: 34.85

Reason For Trade: In December 2014, it cleared the 23 month moving average, tested and held it thus far in 2015. Also a 2015 pick. On a weekly chart, like if clears 35.25 then can see move to 38.00 next resistance. The stop is within swing rules and under the lows from December 26, 2014 and the 200 DMA.

First Profit Target: 36.97 for 1/2

View Gauges
View Gauge

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**OUT at 17.92 Existing Position: Long ½ SUNE 19.46 ATR 1.00

Name of Instrument: SunEdison Inc.