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.
WFMI triggered, HAL & BEN & USO added
Open Position Notes:
CVX posted a slight gain on the day despite spending the session in a choppy trading range This one has yet to really break out and run higher, but it can be a slow mover so I’m doing my best to be patient for now.
FCN started the day in negative territory, but quickly gained some traction and worked higher for the rest of the day with some intraday higher lows being formed on each pullback. The upside was limited, but I like the relative strength and it still has plenty of room to run.
FDX spent the day in a rather choppy range, although it did post a gain on increased volume. This one is acting well, so I’m going to stick with my existing trade parameters for at least another day before looking to make any adjustments. I like the quiet advance today, and will watch for follow through.
WFMI triggered a short sale this morning as it sold off steadily for the first 1 1/2 hours of the day. From there it stabilized and rebounded a fair amount, but it still finished not only negative on the day but also beneath former support. I continue to like the prospects for this one, so I’m sticking with my existing trade parameters.
Closed Positions:
No closed positions.
