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.

GGC stop raised

Open Position Notes:

TMK pulled back today on light volume, filling the gap from last Friday exactly to the penny.  This is healthy price action, and the stock is still maintaining its breakout, which is positive.

PCL gave back a little ground today, but stayed within Tuesday’s trading range.  Volume did expand today, which is a slight concern, but for now this one is still holding slightly above the breakout zone, so I’m going to stick with it for now.

GGC pulled back early today, but was able to recover for the most part and finish lower by only a few cents.  Volume on today’s dip was light, which is encouraging.  This stock still looks poised for further upside in the days ahead, so I’ve raised my stop loss to breakeven for now.  That should allow it plenty of room to fluctuate for now while not allowing this winner to turn into a losing trade.  If some follow through is seen soon (and particularly if Target 1 is reached), I’ll look to make another adjustment.

CNW triggered a buy Tuesday but still has yet to show any follow through.  Today the stock spent another session inside the channel, giving up a slight amount on light volume.  I’m going to be patient for another day or two and see if this one can get back on the move.  If not, I’ll look to make an adjustment.

CAG bounced slightly today despite the market weakness, which is not ideal to see for a short sale.  I would have expected this stock to participate in the downside, but it rallied back up to fill Tuesday’s gap on lighter volume.  My stop is in place for this one, so I’ll leave it as-is for now while waiting for some follow through.

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.

GGC & CAGtriggered, TMK stop raised, MSG added

Open Position Notes:

TMK edged higher today after some morning indecision, but what I liked most was that volume improved.  This one has been acting overall pretty well since triggering, but the lack of volume has been a concern to me, so today’s improvement in that realm was a welcomed sight.  I’ve tightened my stop on this one slightly while waiting for more follow through with a push toward my target.

PCL started the day on a weak note, but quickly recovered and spent the remainder of the session in positive territory, finishing right near its highs of the day.  Today’s move to a new 52-week high was encouraging, so now I’m waiting for a move toward my targets in the coming days.  I’d like to see price continue higher soon to get well clear of the handle area of the cup & handle pattern, but overall I like the action here so far.

GGC triggered a buy today as it hit $19.15, and this one really acted well today.  Volume surged higher with today’s important breakout, and price now looks poised for follow through.  Target 1 was nearly hit today, but price stopped just shy of that level.  Virtually any follow through in the coming days should allow this stock to push through there, so I’ll be watching for that possibility tomorrow.

CNW triggered a buy today as it cleared the upper channel line at $36, but volume was somewhat light and didn’t allow for much initial follow through.  The stock slipped back into the channel, but still outperformed on the session.  I’m going to stick with my existing trade parameters for now while waiting for some additional strength to arrive.

CAG triggered a short sale today by undercutting the lower rising trend line of the bearish wedge on the daily chart at $25.  This one didn’t show a lot of downside follow through, but it did remain negative on the day.  I still like the looks of this chart for lower prices, so with a pretty tight stop already in place, I’m going to leave it as-is heading into Wednesday.

Closed Positions:

CBL continued higher today on the heels of yesterday’s rally, taking this one right up to my target.  The stock was hesitating just a few cents shy of the $15.40 level (where I had planned to book profits), so I rang the register at $15.30 for a 7% winner in 2 days.  The stock ran into resistance in the area of the previous high (as anticipated), and now may need to base for a little while.  I’ll keep it on the radar in case it sets up for another entry.

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.

CBL triggered, PCL & CBL stops raised, GGC & CAG added

Open Position Notes:

TMK continued higher today, participating in the market strength while making a new high in the process.  That’s encouraging to see, but volume was very light along with today’s advance, which is worth noting.  This stock has been able to rally previously on light volume, but I’ll be watching it closely for any need to make an adjustment in my current plan.

PCL made a new high today on heavy volume, but the stock finished well off its best levels of the day.  This hints at some hesitation on the breakout, but for now it’s holding above prior resistance, so I’ll give it another day or two to get back on the move.  I’ve tightened my stop tonight just in case this one happens to fail.

CBL triggered a buy today as it broke out from its large bull pennant pattern.  Price surged higher and ended the day near highs, which is just what I like to see on a breakout day.  Volume increased, but could have been stronger.  All in all, this is a nice initial move, so I’ll be watching for follow through toward my target tomorrow.  I’ve also adjusted my stop to just below intraday support from today’s session.

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.

TMK, PCL triggered, CBL added

Open Position Notes:

TMK triggered a buy on Thursday as it cleared its descending trend line, actually gapping through the trigger price by .15.  This one was able to climb a bit higher on the session, despite the lack of market follow through.  I’m going to stick with my existing trade parameters for this one heading into Monday, watching for some follow through.  This one is now free to move higher, but the buyers will need to maintain their technical edge.

PCL triggered a buy on Thursday as it broke out from its cup & handle pattern, and volume edged higher as well.  This one finished the day just slightly above the trigger, but that’s acceptable given the lack of upside follow through in the indexes.  This one still appears free to head higher, so I’ll be on the lookout for follow through in the days ahead.

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:

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.

CNW, PCL 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.

TMK added, ACXM stopped

Open Position Notes:

No open positions.

Closed Positions:

ACXM slid slightly lower this morning, triggering my stop loss right on the number before stabilizing to finish the day a few cents positive.  I’m now out of this trade with a 3.8% loss, and while the breakout attempt failed, the stock hasn’t yet broken down.  I’ll be keeping this one on the radar in case it makes another attempt to rally, but first it will need to challenge the trend line once again.  For now, I’m on the sidelines.

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:

ACXM drifted slighly lower on Friday to end the week just a short distance from my stop loss level.  This stock is still struggling to show any upside follow through since nudging through the descending trend line last week, and currently resides still inside the base.  I’m sticking with my existing levels for this one, but it may not be long before I punt it if some strength doesn’t arrive 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.

No changes

Open Position Notes:

ACXM showed no follow through to yesterday’s breakout attempt through the trend line, and today edged lower on light volume.  This one now stands just a short distance from my stop loss level, so Friday may be its last chance to get moving before I punt it.  For now, I’m sticking with my existing trade parameters while waiting to see if it can turn back up and continue its uptrend.

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.

ACXM triggered

Open Position Notes:

ACXM triggered a buy today with a late-morning surge higher, taking it through the descending trend line at $18.10.  Unfortunately, volume was very light today, which prevented this stock from showing some initial follow through.  It drifted back beneath the trend line to finish negative on the day, which constitutes a breakout failure on this first attempt.  Perhaps it can get moving in a better fashion tomorrow, so I’m going to stick with my current trade parameters while I wait.

Closed Positions:

No closed positions.