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:
FDX rebounded today after pulling back the past few days, indicating the dip may be ending. I’m being very patient with this one, particularly after seeing my stop loss zone validated last week. so let’s see if some follow through comes along.
WFMI bounced a bit today, unable to shake off the widespread market strength to finish right near my trigger price once again. Overall this one has the look of a low-level consolidation, so if it can get back on the move to the downside I like its chances. My stop remains not too far away, so I’m sticking with my current trade parameters for now.
Closed Positions:
No closed positions.
Hi Jeff,
Not a huge mover, but wondering what you think of PBI at a short entry of 23.50 for a day trade. Break of short term support in a downtrend, poor market performance, with increasing volume. Have a great Thanksgiving.
Hey Gary,
Looks good to me, I like that play for a day trade. It’s already been on the move, so it’s a bit of a momentum play. I see the 10/2 low is $23.47, so I’d like to see that get broken. Also, I’ve noticed quite a few stocks lately which will run (without basing) straight to and barely through a prior high or low and then reverse, so I’d keep it pretty tight especially if PBI hesitates around that level and can’t get more than about $0.15 through it. Otherwise, looks like a worthwhile candidate.
Thanks for sharing it here!