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.
RCL & MET triggered, MDR added
Open Position Notes:
RCL triggered a short entry today as it undercut key support at $40.40, but the weakness didn’t last long and this one reversed higher with the broad market. It finished positive on the day, but volume remained light. My stop is still in place, and I’m leaving it as-is heading into tomorrow, as today support was initially defended but I’d like to see how it acts if/when another test occurs.
MET triggered a short entry today as it gapped slightly through my intended entry (opening at $44.58 vs. $44.70 trigger). The stock worked its way lower from there, and despite some market strength, this one only rebounded partially later in the day. I like that it finished lower than the open, and will be watching for follow through in the coming days. Today’s relative weakness is encouraging, but today’s only the start of this trade so I’ll wait and see what happens.
Closed Positions:
No closed positions.
