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.

JOE stopped

Open Position Notes:

PLD turned higher today to get back into the green from my entry.  The volume today was far from impressive, but I continue to like this setup and therefore am staying with it for now.  Earnings are due out Thursday morning before the bell, so I’ll be out of this trade prior to then.  Keep an eye on my Twitter stream or your inbox for a possible alert, as I will move to take profits intraday if I get a decent pop in the next two days.

Closed Positions:

JOE triggered my stop today to take me out for a 2.9% loss as it pushed north of the $20.80 level, marking a multi-day high in the process.  This stock remains technically weak, but seems to be hesitating to head lower for now in the midst of a strong overall market.  I’ll leave this one on my radar in case it begins to weaken further and sets up for another play on the short side.

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.

FFIV stopped, FLR added

Open Position Notes:

PLD slipped early on Friday, but was able to hold above my stop loss and finish flat on the day.  That validates my stop for now, and although this one has initially failed to show follow through, I am going to stick with it for now.  I’ll leave my stop as-is heading into Monday, and if this one can strengthen in the days to come, I may look to make an adjustment at that time.  Earnings are due out on Thursday morning, so I’ll be out of this trade no later than Wednesday.  Watch my Twitter or your email inbox for a possible exit alert intraday, as a decent pop to the upside will prompt me to book profits.

JOE triggered an entry on Thursday morning by breaking below the bear pennant pattern I’ve been watching, but since then it has shown no downside follow through and has stagnated.  It ended the week on a flat note, finishing unchanged in Friday’s session.  I’m going to stick with my existing trade parameters for now while waiting to see if additional weakness can arrive in the days ahead.

Closed Positions:

FFIV hit Target 1 on Tuesday, but since then has struggled to exhibit the relative weakness seen prior to that breakdown.  I tightened my stop for remaining shares last week, and that stop was hit on Friday at $95, handing me a minor $0.10 loss on the 2nd half of my position.  So, I’m out of this trade with a net gain of $2.15 or 2.2%.  That’s a modest winner, but for a trade that failed to show follow through, it certainly could have been worse.

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.

JOE triggered

Open Position Notes:

FFIV hit Target 1 on Tuesday, but since then has bounced a bit.  I tightened my stop last night in order to reduce my risk, and today that stop was able to hold.  The stock bounced slightly, but overall I still like the play and intend to stick with it heading into Friday.  This one is due to report earnings Tuesday afternoon, so I’ll make an exit prior to then somehow.  If the stock doesn’t stop out, I’ll look to make a discretionary exit, so keep an eye out for that via Twitter or email, whichever you prefer.

PLD showed some nice initial strength yesterday after triggering an entry, but since then the stock has slid back down beneath the trend line.  I’m going to leave my stop loss as-is heading into Friday, but would much prefer this one get going again soon, as currently it seems to have lost its strength.  Perhaps this is a shake-out type of move before strength returns, but I suppose we’ll see soon enough one way or another.

JOE triggered a short entry today as it undercut the $20.20 level to confirm the bear pennant pattern I have been watching.  The stock did bounce slightly from there, but overall remains weak from a technical standpoint and I still like this play.  I’m going to leave my stop as-is heading into Friday.

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.

FFIV stop tightened, PLD triggered, JOE added

Open Position Notes:

FFIV hit Target 1 on Tuesday with a nice breakdown, and rebounded a bit in today’s session.  It did back off its highs in the afternoon, which I found encouraging today.  I’ve tightened my stop for remaining shares essentially to breakeven, allowing the stock some room to fluctuate while waiting for a continuation toward Target 2 in the coming days.  So far, I like the progress in this one and I’ll be patient with it for now.  Earnings are due out on 10/26 (Tuesday afternoon), and I will definitely be out of the stock by then, even if it involves sending out an intraday alert email.

PLD triggered a buy today as it cleared the descending trend line at $12.80.  The stock pushed steadily higher and got within 1% of Target 1, but backed off in the afternoon from its best levels.  Today’s pick up in upside volume is encouraging, so I’m going to stick with my existing trade parameters heading into tomorrow and see how this one acts.  Not a bad start today, but I’d like to see some follow through 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.

FFIV triggered, PLD added

Open Position Notes:

FFIV triggered a short Friday morning as it undercut $94.90, but it didn’t stay down for long before reclaiming support.  The stock did respect short-term resistance, which validates my stop for now, so I’m going to stay with it a little longer and see if another wave of selling hits the stock.  It continues to show relative weakness to the NAZ, which I like, but I won’t hesitate to exit if my stop is reached.

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.

FFIV added

Open Position Notes:

No open positions.

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.

EJ stopped, 100% cash tonight

Open Position Notes:

No open positions.

Closed Positions:

EJ hit my stop today to take me out for a modest 2.1% loss.  Monday’s failed push through the trend line proved to be telling, as today the stock turned lower to exhibit relative weakness to the overall market.  I’m out for now, but am going to keep an eye on this one in case it begins to act stronger once again.  I liked the setup for another push higher, but a downside reversal after a trend line break simply doesn’t justify a position in the stock 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.

ATPG closed, EJ triggered

Open Position Notes:

EJ triggered a buy this morning as it cleared the trend line at $19, and initially it found some follow through.  However, the stock sagged soon after, slipping back beneath the trend line by the closing bell.  This gives today’s attempt at a breakout the look of a failure.  While many of the first-day failures like this end up getting stopped out, some of them do go on to make good moves.  My stop isn’t far below, so I’m going to leave it as-is heading into Tuesday and see what happens.

Closed Positions:

ATPG vaulted higher today, moving easily through Target 1 on the way up (where I closed 1/2 my position for a 5.8% gain).  It neared Target 2 late in the day, but with the market starting to falter a bit and the stock getting somewhat extended, I decided to close out the 2nd half at $15.35 for 11.6%.  This gives me a net 8.7% gain for the trade in just a few days time, which is great.  I’ll keep this one on the radar in case it sets up again for another run.

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.

EJ added

Open Position Notes:

ATPG turned solidly higher on Friday after stalling for a couple days following its trigger.  Friday’s move took it above the recent consolidation area, and I’m now looking for a push to Target 1 in the next couple of sessions.  If and when that level is reached, I’ll then look to make an adjustment to my stop.  So, it has taken a couple of days to get going, but I like the action at this point and am staying with it for now.

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.

TIE stopped

Open Position Notes:

ATPG spent much of the day not far from Wednesday’s closing levels, with the exception of a mid-day slide which took it down nearly to my stop loss.  That level was held though, and this stock ultimately recovered from the dip in the afternoon.  I had planned to raise my stop if today this one showed hesitation, but the session low is just a dime above my current stop, so I’m leaving it as-is heading into Friday.

Closed Positions:

TIE gapped higher this morning, only to reverse and move into negative territory where it stopped me out for a 2.9% loss.  This is yet another head fake from what was a sound setup, which is disappointing, but a reminder to avoid breakout-type plays for the time being.  Given that this one cleared resistance and simply failed, I’ll avoid it for the time being.