New Position: SFM: Long 31.55 ATR .67
Name of Instrument: Sprouts
Current Price: 30.20
****Raised Sell Stop: 29.94
Reason For Trade: Clearing the 50 DMA. Good daily basing action. If can clear over 33.20 see big potential to 40.00
First target for ½ 33.64 MIT
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New Position: GE: Long 26.05 ATR .24
Name of Instrument: General Electric
Current Price: 26.24
Sell Stop: 25.49 but will move up as soon as we have 1 ½ ATRs profit
Reason for trade: Been basing out over the 80 monthly moving average-good 2 ATR risk to anticipate clearance of the 200 DMA
First Target: Take 1/3 off 26.39 (1.5 ATRs) then go to a no loss stop
