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.
CBT & VNO closed
Open Position Notes:
No open positions – 100% cash.
Closed Positions:
CBT tried to make some upward progress today, but couldn’t hold onto the early strength. Ultimately it slipped enough to trigger my stop loss, taking me out for a 3% gain. This one was never confirmed by volume and the move up was sluggish, making it not very trustworthy. With that being the case, I’m pleased to have closed it out for a winner. I’ll keep it on the radar in case it sets up again though.
VNO never showed the follow through I would have expected after a breakout from its bullish consolidation, so I tightened my stop last week in order to reduce risk. On Friday, the stock dipped and took me out for a modest 1.4% loss. This one isn’t ready to run, but I’ll keep it on watch in case it is able to exhibit some better strength.
