Swing Trading and momentum investing stock pick newsletter and swing trading service.
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 added
No open 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.
TTWO triggered & stopped
No open positions.
TTWO triggered a buy this morning as it hit $16.30, just edging past the descending trend line I had been watching. Rather than finding strength there, however, the stock lacked volume and subsequently fell enough to hit my stop, taking me out for a quick 3.6% loss. This kind of move is very frustrating, but it happens. Days like today where we see a stock like this begin to head higher through a key level and then the broad market comes under severe pressure leave the door open for this kind of a head fake, and that’s what happened here today. Rather than argue with the market or double-up in hopes of a bounce, my approach is simply to respect the stop I set and move on to the next trade. As I noted in tonight’s Broadcast video, there were some exceptional intraday opportunities from last night’s video which much more than made up for this one. Regardless, while the market remains caught in this range, I’m pleased to be back to cash tonight.
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.
AA stopped
No open positions.
AA gapped higher on Friday morning, pushing past Thursday’s high to hit my adjusted stop right on the nose. That took me out of this trade for a very small 1.2% loss, although the stock did fill the gap and finish lower on the session. I’m a bit frustrated to have gotten taken out of this position, but one thing that has kept me in the game so long is that I don’t ignore my stops. This stock continues to flirt with the breakdown area from last Tuesday, and is still above short-term support, so I’ll keep it on the radar in case this range tightens again and a new play presents itself. For now, the stock appears range-bound and therefore reluctant to show follow through just yet.
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 removed (pattern negated), AA stop tightened, TTWO added
AA gapped higher this morning and then ramped further in a short-squeeze type of fashion. The highs were set about 15 minutes after the open, and weren’t touched for the rest of the day. This appears to be a test of the breakdown zone, so since this looks to be such a valid technical area, I’ve adjusted my stop slightly tonight in order to reduce my risk in the trade. I’d love to see this one drift back down, but should it happen to strengthen further, I’ll cover for a small loss and reassess.
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
AA continued lower today, giving up a morning bounce attempt and finishing near its lows of the session in the face of an up day in the indexes. I’m encouraged by today’s action, and expect to see Target 1 hit soon now that we’re within spitting distance of it. I’ll look to adjust my stop once that takes place, so keep an eye on Twitter for that intraday or here on the Hit List in the evenings. Good action so far.
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.
AA triggered, ANR added
AA triggered a short entry today as it undercut the rising trend line at $16.60, and moved steadily lower into the close. Volume also picked up today, and combined with a finish at the lows of the day, suggests some urgency on the part of sellers. This stock appears to have just created a lower high on the daily chart, so I like the prospects here for follow through and will be watching for a move toward my targets in the coming days. I’ll leave my stop as-is for tonight, but if Target 1 is hit tomorrow, will update my stop via Twitter for remaining shares.
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.
OXY triggered & stopped, AA added
No open positions.
OXY triggered a buy today as it cleared the trend line highlighted in last night’s Broadcast, but it was unable to hold and subsequently reversed. The downside turn stopped me out for a 2% loss. This one apparently needs more time before it’s ready to go, so I’ll stand aside for now and wait for some stronger action now that the pattern has failed.
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.
OXY added
No open 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.
SWK & MOLX closed
No open positions – 100% CASH.
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.
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.
CSX closed, SWK & MOLX stops raised
SWK gapped higher and continued north on Friday morning, reaching new 52-week highs in the process. The stock nearly reached Target 1, but backed off a bit in the afternoon. I like how it held the morning gap, and this one could easily push past Target 1 in the next couple of days. I’ve raised my stop tonight in order to reduce my risk in the trade and lock in a modest gain if it happens to reverse, but otherwise I’m giving it a little room to breathe while I wait for my targets.
MOLX edged a bit higher on Friday to reach a new 52-week high and build on its breakout. I’m still using the uptrend line as my stop for now, and have raised my stop accordingly while waiting for Target 1 to get hit.
CSX tested the $75 level on Friday for the 3rd straight session, but backed off to hit my stop for my remaining shares at $74.50. So, I’m out with a solid 4.3% gain, and will keep this one on the radar in case it sets up for another play. It was nice to capture a $3 move right through the trigger, but it’s also wise to ring the register when a stock has repeated trouble clearing a level.
