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.
MCO closed
Open Position Notes:
SPG attempted to move higher today, but in the end just couldn’t make it happen. Today’s dip in the stock was still able to hold the breakout zone of $96 from the flag pattern I’m trading this one from, so that’s encouraging. I would like to see that area hold on a closing basis, if tested, so the next couple of days could prove important. For Wednesday, I’ll leave my current stop as-is.
CREE headed lower again today, which is encouraging for this short sale. It has been showing relative weakness of late, and to see it declining here after failing to reclaim former broken support adds to the bearish appearance of this chart. I’m sticking with my existing trade parameters for now while waiting for more follow through to occur before making any adjustments.
Closed Positions:
MCO was acting quite well Monday, but with the stock having gotten quite close to my Target, last night I felt it necessary to tighten my stop aggressively in order to preserve profits. Today that tightened stop was hit, taking me out for a modest but quick 3% gain. I’ll keep an eye on this one in case it sets up again.
