Position Updates & Gauges for Trading on 9/24/2014

Mish Schneider | September 23, 2014

***Note: Stop in GE now 25.84 SFM back to 29.74 until you hear from me on Wednesday differently

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Existing Position: SFM: Long 31.55 ATR .67

Name of Instrument: Sprouts

Current Price: 30.09

****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 2/3 Position Left

Name of Instrument: General Electric

Current Price: 26.02

***Sell Stop: 25.84

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: 26.74 for 1/3

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