Position Updates & Gauges For Trading on 10/12/2016

Mish Schneider | October 12, 2016

***NOTE: WWE: Lower stop to Breakeven 19.55 ***UNG: Raise trailing stop to 8.34 ***GREK: For now, lower stop again to 6.94 until further notice ++++++++++++++++++++++++++++++++++ Existing Position: JCP: Long at 9.10 ATR: .30 Name of Instrument: J.C. Penney Current Price: 9.02 Reason For Trade: I’ve been watching this stock for a while. This recent correction puts in on major support in 3 timeframes. Daily chart-the 200 DMA. Weekly chart-the 50 WMA. Monthly chart-the 23-month MA.

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