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.
No changes
Open Position Notes:
YNDX pulled back today to fill the gap from yesterday morning, which overall is rather healthy price action. This kind of backing and filling as a stock tests a recent breakout zone isn’t anything to be highly concerned about. I liked the fact that today’s dip was not only shallow (given the recovery from the day’s low), but also occurred on light volume. I’m staying with it.
GRMN turned slightly lower today after a bounce back up yesterday failed to clear last week’s resistance. Today’s downside was limited, however, and volume was light, making it difficult to read much into the weakness we saw. Some downside follow through would belp to solidify this trade, so I’m still waiting to see that.
POT was unable to produce any continuation to yesterday’s rally and instead pulled back to test the trend line break. It finished right in the neighborhood of that level, but volume was very light compared to yesterday so I’m not considering this a failure-in-the-making. I’ll stay with my existing trade parameters as we head into tomorrow’s session.
Closed Positions:
No closed positions.
