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 held up very well today after a light-volume dip yesterday. Despite the overall market weakness, the worst spot this one was all day was down 9 cents, but it finished higher on the session with a nice return of volume. The relative strength is encouraging, but I’d like to see some follow through sooner than later with a push to Target 1 followed by the creation of a new recovery high. No change to my stop as of yet.
GRMN slid a bit today alongside the market, but it’s not yet breaking down. This one is just lingering near the broken trend line from earlier this week, so I’m still waiting to see some follow through here. There’s room for it to head lower, so I’ll be keeping an eye on Monday’s low.
POT at one point recovered all of what was given back on Wednesday and then a little more, but it finished off its best levels of the day to post a modest gain. All in all it did hold up in relation to the overall market, and support is still holding for now, so I’m sticking with it. Earnings are due out next Thursday so I’d like to see it get going soon. It may end up warranting either an aggressively-raised stop or an exit prior to the targets if they are not hit, so keep an eye on Twitter and your inbox in the next few sessions as I will send out an alert if that is the case.
Closed Positions:
No closed positions.
