Existing Position: HPQ: Long 35.34 ATR .63
Name of Instrument: Hewlett-Packard
Sell Stop: 34.19
Current Price: 35.30
Reason For Trade: A good example of buying on an opening range reversal buy on a strong stock that has cleared the 80 monthly moving average with great risk and lots of overhead potential
First Target: Sell ½ 37.84
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Existing Position: Long JBLU 11.07 ATR .39
Name of Instrument: Jet Blue Airways
*** Breakeven Stop 11.07
Current Price: 11.88
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: 12.24 for 1/2
