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.
BIG Target 1 hit & stop tightened, MTB stopped, MHP removed (pattern negated)
Open Position Notes:
BIG continued lower this morning to move through Target 1 where I booked 1/2 my profits for a quick 5% gain, and then it was able to rally back later in the session along with the market to finish positive on the day. Being respectful of the market’s opportunity to bounce here, I’ve tightened my stop aggressively for remaining shares of this trade so as not to give much back should the market happen to rally.
Closed Positions:
MTB briefly undercut yesterday’s low this morning, but quickly turned around and rallied back up through my tightened stop. So, I’m now out of this position for a 3.8% gain, and will wait for a new pattern to emerge before looking to enter again. This isn’t a real fast mover, so to pull $3 out of it in just over a week was nice.
