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.

WTI triggered & stopped, RAX & WFT stopped, PWRD stop raised

Open Position Notes:

PWRD backed off a bit today but held above its breakout point from last week.  Today’s volume also was very light, which suggests there wasn’t any big sellers involved in today’s pullback in price.  My stop has been raised again tonight, as I’d like to see this one hold the area of the trend line break, so I’ve set it just beneath that.

Closed Positions:

WTI triggered a buy this morning as it cleared the trend line highlighted in last night’s video, but some mid-day profit-taking evolved into an all-out reversal, sending the stock lower in the afternoon to undercut last week’s support.  That slide in turn triggered my stop loss, taking me out of the trade for a quick 3.6% loss.  These single-day entries and exits on intended swing trades are never fun, but this was a setup I liked and it simply didn’t pan out.  I’ll keep it on the radar in case it sets up again.

WFT triggered my raised stop today after a downside reversal on increased volume.  I was taken out of this trade for a minor 1.9% loss, and although it’s still above last week’s support, today’s selling was relentless and I simply don’t like how this stock is behaving at this point.

RAX was only a partial position since it had already hit Target 1, and I had raised my stop again for remaining shares heading into today.  We saw Friday’s high challenged, and then some intense profit-taking kicked in, sending the stock lower on heavy volume.  This triggered my stop to take me out of the rest of this position, giving me an overall 4.6% profit in the trade.  It now needs time to set up again.

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.

RAX & WFT stops raised, WTI added

Open Position Notes:

RAX reached for new highs last week, finishing Friday with a 1% gain on the session despite light volume.  This one is sitting within spitting distance of Target 2, so I’ll be watching for another push toward that level in the days to come.  It has behaved well so far, allowing me to not only book partial profits at Target 1, but I’ve also raised my stop for remaining shares while waiting for Target 2.

WFT triggered a buy last week and initially showed some hesitation, but on Friday it gained better traction to reach new recovery highs.  This helps to confirm the higher low on the daily chart that I’m trading from, and I like how this one is acting so far.  I’ll leave my stop as-is until further progress is made.

PWRD triggered a buy on Thursday with a solid push higher on strong volume, and then on Friday it backed off slightly on much lighter volume.  This is good price action so far, so I’m going to leave my stop as-is for Monday and see if this one can resume its push higher.

Closed Positions:

No closed positions.

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.

FLIR closed, WFT triggered, PWRD triggered & stop raised

Open Position Notes:

RAX was back and forth today, unable to exhibit any lasting momentum.  Wednesday’s morning high served as intraday support, and ultimately it gave up just a few cents.  I’m still waiting on this one with only a partial position left and a raised stop while we see if Target 2 can get hit.  Today’s action appears to be a day of consolidation, so I’m not reading too much into it.

WFT triggered a buy today as it cleared the trend line at $21 to reach new multi-day highs.  This helps to confirm what appears to be a higher low on the daily chart, so I’m going to be watching for continuation in the days ahead.  I’m leaving my stop as-is heading into Friday and will wait for more progress to be made before looking to make any adjustments.

PWRD triggered a buy this morning after gapping just a few cents past my trigger price, and from there the stock behaved quite well.  Volume surged with the trend line break, and we saw a couple of intraday spikes followed by some quiet basing action.  I’m watching for a push to Target 1 in the next couple of days, and so far like the start this one is off to.  I’ve raised my stop tonight in order to reduce my risk should this breakout happen to fail.

Closed Positions:

FLIR pushed to new highs this morning but faltered after profit-taking kicked in.  This one triggered my raised stop for remaining shares, so I closed out this one for a 3.98% gain.  It’s acting a bit fatigued here, so I’ll keep it on the radar in case it sets up for another play.

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.

RAX & FLIR hit Target 1 and stops raised, PAY stopped, PWRD added

Open Position Notes:

RAX gapped higher this morning and held the gap after spending a couple of hours in a choppy range.  From there, the indecision was resolved with strength, taking this one right to Target 1 where I closed out 1/2 my position for a 5.3% gain.  I’ve raised my stop for remaining shares while I await a push toward Target 2.  Today’s move was decisive and came on strong volume, which is technically healthy.

FLIR continued higher today with a steady intraday uptrend after some early weakness, pushing nicely through Target 1 where I closed out 1/2 my position for a 3.6% gain.  I’ve raised my stop for remaining shares while waiting for a push to Target 2, which isn’t far away at all and could easily be seen as soon as tomorrow.  So far, so good.

Closed Positions:

PAY reversed lower on Tuesday and this morning we saw additional weakness on the heels of that.  I was subsequently stopped out of my trade for a 3.1% loss.  The breakout had failed, although the stock did recover this afternoon to finish just beneath the area of the trend line break.  Nonetheless, I’m out with a manageable loss after this initial failure, but will keep this one on the radar in case it shapes up for another move.

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.

RAX & FLIR stops raised, WFT added

Open Position Notes:

RAX challenged Monday’s high today but was unable to clear it, and subsequently turned lower as some profit-taking kicked in.  The gap from last week is still intact, which I am encouraged by, so I’m going to stick with this one and see if the uptrend can continue.  I’ve bumped up my stop slightly but am still allowing plenty of room as this one rests not far from highs.

FLIR continued higher today, finishing just 5 cents from Target 1.  I am expecting that level to be cleared tomorrow, so as a result I’ve raised my stop tonight for this trade.  It’s approaching the prior highs, and I particularly liked today’s action on a notable pickup in volume.  Good action here so far.

PAY pushed to new highs today after triggering and acting well on Monday, but profit-taking kicked in and the stock slid lower for most of the session.  Today’s bearish engulfing bar on elevated volume isn’t technically the kind of action I like to see, but I’m going to be patient for now and leave my stop in place.  Should this one weaken further tomorrow, I’ll stop out according to plan, but otherwise want to see if it can stabilize and make another attempt at a turn higher.

Closed Positions:

No closed positions.

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.

PAY added

Open Position Notes:

RAX gapped higher Thursday morning and quickly retreated to fill the gap, even turning negative on the day for a brief time.  However, the stock trended higher for the remainder of the day, challenging the morning high in the final 20 minutes of the day to post a solid gain.  This stock continues to act well, so I’m still on watch for follow through.  I’ll stick with my already-adjusted stop heading into Monday’s session.

FLIR turned lower early on Thursday, but recovered and posted a slight gain by the close.  I particularly liked how Wednesday’s gap was essentially tested and held, so I’ll be watching for continuation in this one going forward.  I’ve already raised my stop once, and will leave it as-is while waiting to see further progress.

Closed Positions:

No closed positions.

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.

CCL stopped, RAX & FLIR triggered & stops raised

Open Position Notes:

RAX triggered a buy this morning as it gapped through the upper trend line I’ve been watching to open at $43.49, just over 1% above my intended entry.  As per my Swing Trading Strategy, I took a reduced position to offset the initial added risk (farther distance from entry to stop).  The stock backed off its best levels of the day in the afternoon, but still finished well.  I’ve tightened my stop tonight for this trade, as I do want to see today’s gap hold, and otherwise will watch for follow through in the days to come.

FLIR triggered a buy this morning as it gapped just over 1% past the descending trend line to open at $33.66, again prompting a reduced position according to my Swing Trading Strategy.  From there, the stock worked its way higher and finished well, so I’ll be on the lookout for follow through.  Here again, I’ve tightened my stop on this trade, as I want to see today’s gap hold.

Closed Positions:

CCL gapped higher this morning with the broad market strength, triggering my stop loss on the open.  I had tightened my stop multiple times recently due to the lack of downside follow through in this trade even after broken support, but today had to accept the opening price for my exit since the stock gapped past my intended exit.  I’m now out of this stock with a minor 2.1% loss.  The stock did ultimately fill the gap and finish negative, so I may give it another shot next week if it still looks poised to move.

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.

BWA removed (no trigger, earnings approaching), RAX & FLIR added

Open Position Notes:

CCL bounced today along with the market, but stopped just shy of hitting my tightened stop loss.  As of tonight’s close, I’m still in the trade, but it wouldn’t take much more upside tomorrow to reach my stop and take me out.  This one simply hasn’t broken down in the fashion I had expected, so I’m keeping it tight while still allowing for a continued move lower should it happen.

Closed Positions:

No closed positions.

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.

ROK stopped, CCL stop tightened

Open Position Notes:

CCL eased lower today, but I was a bit disappointed with the lack of downside momentum there.  The stock has been technically weak and has already broken down, so a weak market would be ideal to see it accelerate lower.  However, today it simply tested the April 8 low and held.  While it did finish down on the day, it isn’t showing the kind of price action I’d expect in a setup like this.  Therefore, I’ve tightened my stop again for this short sale in case it attempts to turn back up from this short-term support zone.

Closed Positions:

ROK triggered an entry on Friday, but today was stopped out for a 2.3% loss.  Friday’s volume could have been stronger, but the broad market weakness was most to blame for today’s weakness in the stock.  I’ll keep this one on the radar in case it sets up for another entry, but for now I’m out with a small loss.

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.

ROK triggered, BWA added

Open Position Notes:

CCL gapped higher Friday morning but filled the gap, settling into a trading range for most of the morning.  However, in the afternoon the stock strengthened a bit, closing back above my entry level by a few cents.  This one has been reluctant to gather any downside steam, despite the lack of overall strength in the market.  Therefore, I’ve tightened my stop tonight in case this one heads higher, thus reducing my risk in the trade while I wait to see if it can continue lower.

ROK triggered a buy on Friday as it cleared the descending trend line at $92.65.  While volume could have been heavier, I was encouraged that the stock finished above the trend line and just a short distance from its session high.  I’ll be watching for follow through in the days to come.

Closed Positions:

No closed positions.