Note: Put stop in PM back to 84.73 going into Monday
Existing Position: Long PM 85.80 ATR: .74
Name of Instrument: Philip Morris
***Lowered Sell Stop: 84.57
Current Price: 85.45
Reason For Trade: Confirmed Phase change to Bullish with good risk to under the 200 DMA and can move stop up if cannot clear over 85.80 later on.
First Target for ½ off: 88.24
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Existing Position: Long JBLU 11.07 ATR .39
Name of Instrument: Jet Blue Airways
***Raised Sell Stop: Trailing Stop 11.97
Current Price: 12.54
Reason for Trade: After testing the 50 DMA twice, it gapped up over the 10 DMA and gave a good tight risk to below the 50 DMA. Has cleared the 6 month calendar range as well. If can hold and clear recent highs 11.59 see 12.00 or higher
First Target: Reached Sold ½ position
Second Target: 12.98 (Sell 1/2 of remaining position)
