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 added

Open Position Notes:

CCL approached last Friday’s low this morning with an early selloff, but recovered and spent the day around the flat line.  Late in the day, more selling kicked in to take this one negative.  I’ve been patient with this one lately and still believe it has a shot to break down further, so I’m going to stick with it.  RCL is another stock in the same group which is showing weakness as well, so we’ll see if this one continues lower in the coming days.  Otherwise, I’ll likely look to make an adjustment to my stop as a lack of movement would suggest a new trading range is being established.

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.

No changes

Open Position Notes:

CCL gapped up this morning, but held shy of yesterday’s high and then abruptly headed lower.  The gap was filled in minutes, and the stock went negative for the remainder of the day with a clean intraday downtrend.  Tonight this one still looks vulnerable to lower prices, and it appears as though Tuesday’s bounce/test of resistance has failed, so I’m still on the lookout for downside follow through for this short sale.

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.

No changes

Open Position Notes:

CCL gapped up and continued higher this morning, but the high of the day was set in the opening minutes.  The stock held beneath my stop, which validates that level for now.  From there, it faded a bit into the afternoon, finishing up 1.5% on the day but well off the session highs.  This appears to be a test of the upside, so I’m going to stick with it for now with my existing stop loss.

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.

AKAM stopped

Open Position Notes:

CCL bounced back slightly today after Friday’s breakdown, finishing right at my trigger price beneath former support.  Volume sagged with today’s rebound, which I’m encouraged by, and it appears today this one merely was testing the breakdown area.  I’m going to leave my stop as-is for Tuesday, waiting to see if further weakness can set in now that this one has broken down and tested former support.

Closed Positions:

AKAM attempted to push north of its descending trend line on Friday, but a lack of volume prevented a close above that level.  Today, the stock came under further pressure, hitting my stop loss to take me out for a 3.5% loss.  Last week’s low was undercut, and it appears this one is still in pullback mode for now, trying to find a higher low compared to the mid-March low.  I’m out for now and will keep this one on watch in case it sets 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.

AKAM & CCL triggered

Open Position Notes:

CCL triggered a short sale on Friday as it undercut support at $37.85, continuing lower to finish beneath that level by the end of the session.  RCL is another stock in the same group which also broke down, so I’m encouraged to see the group moving alongside this one.  I’m going to leave my stop as-is for the time being and see if this one is able to continue lower in the coming days before looking to make any adjustments.

AKAM triggered a buy Friday as it pushed north of the descending trend line at $37.70 to begin another leg up.  However, volume remained below average, and the market turned lower to prevent this one from being able to gain any traction on its trigger day.  Initially this is a failure, as price has returned to its base, but I’m going to be patient with it for now and see if it can make another attempt since I still like the setup.

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.

MDR stopped, AKAM added

Open Position Notes:

No open positions – 100% cash.

Closed Positions:

MDR struggled to continue higher the past couple of days, unable to make new highs since clearing its descending trend line.  With the reluctance it’s shown, I raised my stop on the heels of Wednesday’s downside reversal as the stock made a multi-day high then closed negative.  Today the stock broke down in the morning to hit my stop, taking me out of the trade for a modest 1.2% loss.  It headed a bit lower before reversing back up late in the day, but I’m going to simply leave this one on watch for now.

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.

SM & ANR closed

Open Position Notes:

MDR opened higher this morning and reached a new recovery high since last month’s pullback, but failed to maintain its strength and instead reversed to finish lower on the day.  The turnaround took it to a new multi-day low, which is short-term bearish despite the light volume which accompanied today’s reversal.  I noted here last night the reluctance this one has been showing and subsequently raised my stop.  Tonight this one is sitting just a short distance from that stop, so I could get checked out as soon as tomorrow.  If so, I’ll take the small loss and move on.  Otherwise, this one will need to get back on the northbound train if it wants to continue its uptrend, as right now it’s in danger of producing a lower high.

Closed Positions:

SM pushed to a new high yesterday, hitting Target 1 in the process.  Last night I raised my stop for remaining shares in case it happened to turn around, and today the stock reversed to trigger that stop.  Ultimately, it moved back beneath the breakout zone, which suggests a breakout failure.  I’m out of this trade with an average gain of $2 per share, or a 2.6% gain.

ANR also has shown some hesitation to move higher since triggering a buy, and I noted that here last night and raised my stop because of it.  Today the stock turned lower to trigger my stop, taking me out for a 2.4% loss.  This is a failed pattern and I’ll leave it alone for now.

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.

SM Target 1 hit, all stops raised

Open Position Notes:

MDR made a new recovery high today, but backed off to finish lower by a few cents.  The net loss on the day was nothing to be alarmed by, but I don’t like the hesitation this one has shown since triggering a buy last week.  New highs are just a short distance away, but with this one struggling to gather momentum, I’d like to see it hold up in this area.  I’ve raised my stop tonight to just beneath the breakout area, as a test of that level shouldn’t result in much of a break (if a test does occur).

SM continued higher today to reach a new high and push past Target 1, where I closed out 1/2 my position for a quick $3 gain or 4% profit.  I’ve raised my stop again tonight for remaining shares, and will look to lock in a profit should this one happen to pull back before hitting Target 2.  So far though, it’s acting well, and I’ve given it some room to breathe for that reason.

ANR triggered a buy yesterday when it pushed past $61, but today the stock was again unable to hold that level even after clearing it intraday.  This one is hesitating to confirm this bullish consolidation, so I’ve raised my stop tonight in order to reduce my risk in the trade should it happen to roll back over.

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.

ANR triggered, SM stop raised

Open Position Notes:

MDR waffled back and forth today, unable to gather any lasting momentum.  In the end, it finished positive by a few cents, but made no meaningful headway.  I’m sticking with this one while waiting to see if it can continue higher since last week’s trend line break.  New highs aren’t far away, but the buyers will need to produce them.

SM attempted to stretch its legs a bit today with a morning spike higher, but a lack of volume prevented follow through, and the stock peaked about 1% shy of Target 1.  It backed off slightly to finish down just a few cents.  Today’s move really just constitutes a day of rest for the stock, which isn’t bad to see after a solid breakout like we saw Friday.  I’ve raised my stop tonight slightly while still giving this one some room, at least until Target 1 gets hit.

ANR triggered a buy this morning as it pushed past resistance at $61, but the upside was limited and ultimately the stock fell back to fill the morning gap, finishing only slightly positive on the session.  Many stocks lacked directional commitment today, so with that being the case, I’ll cut this one a little slack.  I would like to see it reclaim the breakout zone again soon.

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.

MET stopped, ANR & CCL added

Open Position Notes:

MDR gained a little ground on Friday, despite spending the session confined to a narrow range.  Thursday’s highs and lows were respected, marking an inside bar on the daily chart for Friday.  These often prove to be continuation bars, and with this stock still acting well technically, I’m encouraged by that.  I’m going to leave this one some room to fluctuate in case it needs it, so I’ve yet to make an adjustment to my stop.

SM powered past the breakout zone again at $75 on Friday, and this time it stuck.  The stock showed some excellent intraday momentum as it pushed to new 52-week highs, and even though it finished off its best levels of the day it was still an impressive advance with volume confirming the move.  I’m planning to wait for further progress before making any stop adjustments, so as to give this one some room to fluctuate in the meantime.

Closed Positions:

MET bounced past the prior week’s high on Thursday, but backed away, suggesting it had successfully tested resistance.  However, on Friday the early market strength carried this one higher, pushing it through my stop to take me out of the trade with a minor 1.7% loss.  Although it did pull back slightly later in the day from its best levels, it had still taken out resistance and therefore I had no technical reason to stay with the trade.  I’m out for now and will wait for a new pattern to emerge before considering another entry.