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.
TNB triggered, OLN, LTD, CLI added
Open Position Notes:
TNB triggered a buy today as it gapped through the trigger price at the open. This broke the descending trend line on the daily chart, but like the market, this stock wasn’t able to maintain its early strength. Instead, it drifted lower to finish back below the trend line. This is an initial failure of the trend line, which I don’t like, but I’m going to leave my stop loss as-is heading into tomorrow and will see if this one makes an attempt to recover. If not, my risk is defined.
Closed Positions:
No closed positions.
