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.
CXO triggered, LBTYA stopped, CSX & SLAB added
Open Position Notes:
CXO triggered a buy today as it cleared the $97.50 trend line, but the initial strength hasn’t yet found follow through. With the market weakening after that point, this one slid a bit as well. It finished back beneath the trend line, but only slightly, so I’m leaving my stop as-is heading into Thursday’s session to see if this one can make another attempt at a push higher.
Closed Positions:
LBTYA spiked lower at the open today, hitting my stop right on the number to take me out for a 1.5% loss. That’s a very minor loss, but it was a bit frustrating to see this one move back above the trend line to mark a new multi-day high on improved volume. Perhaps this one is now ready to run, but it’ll do so without me after shaking me out.
