The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.
POT & VRX & APA removed (did not trigger & patterns failed)
Open Position Notes:
GS got off to a nice start Wednesday with a solid push higher on strong volume after clearing my trigger price. Today, however, the stock struggled to hold up in the face of the weak market, and instead fell back beneath short-term resistance. It’s still holding above my stop for the time being, so I’ll stick with it for now and see if it can act better and stabilize before hitting my stop. Otherwise, I’ll punch out of it and move on to the next trade. I still like the prospects for further upside, but the market will need to cooperate and today’s action points to some healthy profit-taking.
Closed Positions:
No closed positions.
