Position Updates & Gauges for Trading on 9/29/2014

Mish Schneider | September 27, 2014

***NOTE: Will look to add the other ½ back to TAN if clears back over the 50 DMA this week


Existing Position: Long ½ TAN 43.15 ATR 1.23

Name of Instrument: ARCX Guggenheim Solar Energy

Current Price: 42.20

***Lowered Sell Stop: 41.34

Reason For Trade: Over the 200 and 50 DMAs, our entry affords us better than a 1 ½ ATR risk to see if can confirm the bullish phase and move higher.

First Target: 44.87 for 1/3 off

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New Position: IPG: Long 18.24 ATR .30

Name of Instrument: Interpub Grp Cos

Current Price: 18.42

Sell Stop: 17.75

Reason for Trade: 2 day brick wall bottom over the 200 DMA with clean risk under low of move. If good, has room 18.75-19.00 area. Good risk/reward phase change

P1: 19.09 for ½ At 2 ATRs or 18.84 we go to a no loss stop

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