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.
SWK & MOLX closed
Open Position Notes:
No open positions – 100% CASH.
Closed Positions:
SWK gapped lower this morning and after an attempt to rally, rolled back over with the broad market weakness to hit my stop and take me out of this trade for a modest 1.5% profit. This one neared Target 1 on Friday, but with the steep market selloff today it just couldn’t stand up to the downdraft. I’m out and will wait for a new pattern to emerge.
MOLX gapped down today and continued lower with the market weakness, hitting my stop to take me out of this trade for a minor $0.20 loss. (less than 1%). This one was slowly making progress, but I will not fight the market weakness and will instead stand aside in order to preserve capital.
