Position Updates & Gauges for Trading on 9/18/2014

Mish Schneider | September 17, 2014

***NOTE: First profit target hit in GE at 26.39 took off 1/3 now no loss stop

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Existing Position: SFM: Long 31.55 ATR .67

Name of Instrument: Sprouts

Current Price: 30.55

****Lowered Sell Stop: 29.74

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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Existing Position: GE: Long 26.05 ATR .24

Name of Instrument: General Electric

Current Price: 26.28

Raised***No Loss Stop: 26.05

Reason for trade: Been basing out over the 80 monthly moving average-good 2 ATR risk to anticipate clearance of the 200 DMA

***Reached! First Target: Took 1/3 off 26.39

Second Profit Target: 26.79 for 1/3