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.
SHLD removed (did not participate in market bounce, no longer interested)
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.
No changes
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.
SHLD 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.
No positions – 100% cash
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.
No Positions – 100% Cash.
JAH stopped
No open positions.
JAH turned lower this morning along with the market, triggering my stop loss right on the open to take me out of my final position for a 2.2% loss. Yesterday that level had been validated as support with the stock bouncing from there, but today it was undercut decisively, leaving this stock with no tradeable pattern. I’m out with a manageable loss, and will leave this stock alone until a new pattern is able to emerge.
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.
IOC stopped
JAH turned lower today along with the overall market, getting to within just a few cents of my stop loss before stabilizing. From there, it was able to rebound some, giving it a little better cushion heading into tomororrow. Nonetheless, this one has yet to confirm the pattern with a close beyond the trigger price, so it still has a lot to prove. My stop will stay in place heading into tomorrow, as today’s low validates it. Hopefully we’ll see some better volume kick in as well.
IOC had news this morning of an oil discovery which sent the stock running higher in the pre-market and ultimately gapping higher once the stock opened for trading. I was stopped out right after the opening bell ($75.35), even though the stock dropped a couple of points for a brief time right after that. It recovered quickly though and spent the rest of the day deep in positive territory. Sudden unexpected news of this nature can be frustrating when it interferes with the technicals, but that’s part of trading and it will happen from time to time. We also know that over time we’ll catch some favorable news as well, which helps it all even out. Nonetheless, I’m out of this trade with a 1.8% loss and will avoid it for now due to the pattern failure.
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.
JAH & IOC triggered
JAH triggered a buy today as it cleared the $32 level, turning higher after its recent pullback within the overall uptrend. Today’s action was mildly positive in that the stock did participate with the overall market strength, but slightly muted in how far this initial bounce day was able to carry. I do still like this play as a turnaround candidate, as support has held and the stock is now moving higher again. Today’s volume was rather light though, which means I’ll be watching this one a little closer on Wednesday in case an adjustment is necessary. For tonight, I’m making no changes.
IOC triggered a short sale today as it gapped lower and slightly through my intended trigger price, opening at $74.01. I still took the trade (in accordance with the swing trading strategy), and it is off to a fair start. The stock nearly hit Target 1, getting to within just 13 cents of it before bouncing, but ultimately it does appear to be rolling over from the consolidation, so follow through will be the key. I have tightened my stop tonight in order to reduce some risk in the event of a reversal, placing it not far above today’s high as we head into tomorrow.
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.
NAV & KIM stopped, JAH & IOC added
No open positions.
KIM head faked last week as it attempted to break out but couldn’t hold above resistance. Instead, the stock fell back into its congestion area, and Friday’s weakness triggered my stop loss. I’m now out of this trade with a 3.5% loss, which is disappointing after the quick turnaround. Nonetheless, this stock isn’t acting ready to run, so I’ll take the loss and wait for a new pattern to set up before considering another entry.
NAV tried to break out last Thursday by poking through resistance, but here again this stock fell back into its consolidation zone. I tightened my stop Thursday night because of the failed initial breakout, and my stop was hit Friday as weakness set in, handing me a 2.1% loss. This one may need more time to consolidate, so I’ll leave it alone until it can exhibit better strength.
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.
NAV triggered & stop raised
KIM spent another day in its consolidation zone after yesterday’s breakout failure sent the stock right back beneath resistance. Today the stock lost a little ground, but volume decreased once again and my stop isn’t far from here. I’m going to stick with it for now, but would prefer to see this one make another attempt at an upside move. So far, it’s not impressing me.
NAV triggered a buy today as it nudged past resistance, but by the closing bell it had slipped back beneath the $41.40 key level by a few cents. Volume didn’t help, as it was light, and that’s the fuel for a breakout. I’ve tightened my stop to just beneath today’s low in case the failed breakout brings a reversal, but otherwise I do still like this setup and will see what happens Friday.
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.
STT stopped, KIM triggered
KIM triggered a buy today as it crossed $14.25 to clear short-term resistance. Volume was not very strong though, and by the end of the day the stock had returned to within a few cents of the resistance zone. Today’s move does mark the highest close for the stock since September, so I’m willing to see if it can get moving a little better tomorrow before I look to make an adjustment on my stop.
STT triggered my stop loss today as it undercut the $43.90 level, handing me a small 2.4% loss. This stock started out with a nice initial push higher after clearing $45, but Monday’s reversal quickly erased those gains and the stock headed lower. I was keeping my stop pretty tight on this one given that the move prior to the consolidation phase had nice momentum, so a continuation attempt should mimic that price action. However, it did not, so I’m now out of this trade with a small loss. I’ll keep the stock on my radar in case it sets up again, but for the time being it appears to still be in a consolidation phase.
