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.


AGP triggered, IVN removed (pattern negated), IR added

Open Position Notes:

AGP triggered a short sale today as it undercut the rising trend line which had been providing support in recent days.  Volume picked up with today’s move lower, and although it finished only a few cents below my trigger price, I was pleased with the relative weakness it showed.  I’m going to stick with my existing trade parameters heading into tomorrow, and will let this trade develop further before looking to make any adjustments.

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.


NTES, AGP, IVN 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.

BIDU removed (pattern negated, no trigger)

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.


BIDU 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.

FAST stopped, 100% cash

Open Position Notes:

No open positions.

Closed Positions:

FAST gapped lower this morning with the broad market weakness, moving slightly through my intended stop to take me out on the open for a 3.2% loss.  While it’s disappointing to get checked out of a trade just a day after entering, this one did continue lower as the day progressed.  Intense selling pressure in the overall market is a difficult thing to fight, so I’m now back to cash with this one continuing its pullback phase.

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.


FAST triggered, CTRP removed (acting too weak for entry here)

Open Position Notes:

FAST triggered a buy today as it moved up through the trend line at $52.75, but poor volume on the session and a lack of market strength left this stock acting sluggish by day’s end.  I don’t mind giving it a little more time before making any adjustments, as I’d like to see how it responds if and when the market is able to turn higher.  For the moment though, I’m slightly underwater but staying patient.

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.


FAST & CTRP 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.

100% Cash
DPS stopped

Open Position Notes:

No open positions.

Closed Positions:

DPS gapped lower this morning to trigger my stop, skipping slightly through my intended exit due to an analyst downgrade.  This one was acting pretty sluggish anyway since triggering, as I’ve noted here, so I’m out with a 2.6% loss.  It’s been a mixed bag in recent days for swing trading, with a couple trades getting stopped out and a couple trades moving all the way through their Targets.  Nonetheless, it’s been another nicely positive month thus far, and I’m now 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.


HOG & CNW Targets Reached

Open Position Notes:

DPS turned lower today on increased volume to slip back into the red, and this action isn’t very good.  The stock did stop short of stopping me out, but that’s a real possibility heading into tomorrow.  My risk here is limited, and the past couple of advances in the stock were sizeable, so I still felt the trade was worth taking.  If I’m stopped out tomorrow, I’ll move aside and wait for better strength to emerge in this one before looking to reenter.  For now, it’s hanging on by its fingernail, so perhaps it can rebound some tomorrow.

Closed Positions:

HOG continued lower today with increased downside volume, moving through Target 1 right off the open where I booked 1/2 my profits for a quick 4.2% gain.  The weakness persisted though, taking it down through Target 2, allowing me to close out the 2nd half of my position for a 7.8% gain.  So, I’m now out of this trade with a solid 6% winner in just a few days, and will now stand aside and wait for a new pattern to emerge, as this one’s starting to get a bit stretched to the downside.

CNW broke down hard today, accelerating the modest decline which began last week with the break of the rising trend line.  Today’s move took this one down through Target 1, where I closed 1/2 my position for a 4.5% gain.  It then took out Target 2, where I booked the remainder of my position for 8.1%.  On a net basis, this one gave more than 6.3%, and I’m now out with a solid gain after just a few days of movement.  There’s still some room for lower prices, but I felt it was best to utilize today’s weakness and book the quick winner.

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.


JLL & ALB stopped

Open Position Notes:

DPS ticked slightly higher today to reach its best level in a few weeks, but volume wasn’t quite strong enough to really provide some stronger momentum.  This one is in the green since clearing its trend line last week, but I’d like to see some acceleration soon to maintain conviction in the trade.  If that doesn’t happen, I’ll look to tighten my stop rather aggressively or possibly just close out the position.

HOG continued lower today to further confirm the broken rising wedge from last week, and I like the price action in this one quite a bit.  Target 1 was nearly reached today, so I would expect to see that level crossed tomorrow.  I’ve tightened my stop tonight, but am still allowing this one some room to fluctuate.  Also note I have designated Target 2 on the list above.

CNW attempted to bounce this morning but gave back those gains and finished in the red on the day.  The failure to finish strong is encouraging to see, particularly after the trend line break last Thursday, so I’m still on watch for some downside continuation in this one, as there’s plenty of room to slide.

Closed Positions:

JLL gapped higher this morning to trigger my stop loss, taking me out of this trade as the stock pushed beyond its descending channel.  I’m now out of this trade with a 2.7% loss, which is somewhat irritating given the fact that this one returned to negative territory this afternoon due to the weak morning volume.  Nonetheless, I do respect the trade parameters I set out for trades, and ignoring stop loss levels isn’t something I want to make a habit of.  I’ll keep this one on watch in case it starts heading back down within its channel.

ALB gapped up and rallied early in the session to break out of its multi-week trading range, triggering my stop loss to take me out of this trade for a 2.8% loss.  The loss itself isn’t as disappointing as was the price action soon after, as this stock reversed back down to fill the morning gap and return to its trading range.  This one still looks vulnerable to lower prices, particularly after today’s fake-out move, so I’m going to keep it on the radar for a possible re-entry if it settles down a bit and begins to weaken.