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. [Read more…]

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.

FLR, SNDK, DOW Stopped

Open Position Notes:

GET rebounded some today with the market, but it stayed within yesterday’s trading range to post an inside day.  My stop is still in place on this one and I’m willing to give it a little more time before looking to make any adjustments.

Closed Positions:

FLR worked great for us as an initial trade as it hit the 1st Target with ease.  Since then the stock has struggled to show follow through, so I tightened my stop last night.  Today that stop was reached, taking me out of remaining shares and giving me a net gain on this trade of 3.4%.

SNDK tried to roll over but couldn’t continue, and instead it turned higher today and pushed through my adjusted stop loss.  I’m now out of this trade with a 3.1% loss, and will stand aside from it until a new pattern develops.

DOW triggered a short sale by undercutting a rising trend line, but today’s market strength brought a reversal in the stock, hitting my stop loss to take me out of the trade with a 2.5% loss.  This is a small and manageable loss, and I liked the risk/reward for the trade.  Unfortunately the big morning gap was simply too much to overcome, so I’ll wait for a new pattern to emerge in this stock before reconsidering an 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.

AIV Stopped, SNDK, FLR & GET Stops tightened, GET & DOW Triggered

Open Position Notes:

FLR attempted to bounce over the past week after initially breaking support and hitting the 1st Target, and I’ve been patient with it.  This week it is trying to turn lower, so I’ve tightened my stop for remaining shares (1/2 position) as I wait to see if this one can begin another leg lower and head toward the 2nd Target.

SNDK was reluctant to really participate on the downside today as the market went red this morning, although it did post a decline.  I’ve tightened my stop for this trade tonight just slightly in an effort to reduce risk while waiting for it to go ahead and roll over (I’m short).  The daily chart also now has a pretty well-defined descending trend line along the highs of the past few weeks, so I’m using that as my stop just in case it gets cleared.

DOW triggered a short sale today as it broke the rising trend line which has marked the pace of the recent bounce.  Today’s turn lower implies this stock is trying to carve out a lower high on the daily chart, so I’ll be watching for continuation in the coming days.  The stabilization of the market probably prevented this one from a more decisive move down today, so I’ll stick with my existing stops for now.

GET triggered a short sale today as it undercut the $18.95 level and sliced through its rising trend line.  This stock also appears to be in the process of confirming another lower high on the daily chart.  Given the rather steep trend line which just got broken, I’m expecting a pretty quick move in this one, so I’ve tightened my stop slightly tonight for this trade while waiting to see some follow through.

Closed Positions:

AIV worked out well for me with only some slight early hesitation after clearing the trend line when it first triggered.  Since then it has climbed steadily higher, pushing through the 1st Target relatively quickly.  I have tightened my stop a couple of times recently, with the most recent occasion being last night after the stock had approached but not pushed through resistance on somewhat quiet volume.  Today the stock turned lower to trigger my stop, so I’m out of the trade for a solid net gain of 5.6%.

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.

AIV Stop raised, SNDK Triggered, DOW & GET added

Open Position Notes:

FLR has quietly been in bounce mode for the past several sessions, but former support has not been reclaimed and now we’re seeing volume on the bounce begin to taper off quickly.  That may imply that another decline is coming, so I’m sticking with this one to see if that occurs.  I also like today’s slight downtick as a potential indicator that this stock may be getting ready for another leg down.  I’ve only got a 1/2 position here as the 1st Target has already been reached, so I’m trying to be patient while I wait.

AIV pushed through the 1st Target today with some nice early strength.  I booked 1/2 profits there for a 6.8% gain, and continue to like how this one is acting.  The 2nd Target is still a possibility, so I’ll hang on while waiting to see if it can be reached.  In the meantime, I’ve tightened my stop again for remaining shares.

SNDK triggered a short sale today as it undercut the $21 level to confirm another short-term lower high.  Initially this stock hesitated to roll over, but as the afternoon weakness kicked in, this one was compliant and began to turn lower.  With the market dip getting bought though, SNDK stabilized and finished right near the trigger price.  I do still like the prospects here for some downside in the name, so I’ll sit tight for now.

Closed Positions:

No positions were closed today.

The Positions List is a look at the current swing trades. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered.

AIV Stop tightened, SNDK added

Open Position Notes:

FLR stagnated to end last week still in profitable territory for me but resting after the initial breakdown through support.  This stock did test support from below, and has already hit the 1st Target, so I’m sticking with remaining shares while waiting to see if it can head south and take out the 2nd Target.

AIV got to within 1% of its 1st target on Friday, and this one is still acting well.  I tightened my stop this weekend, but all in all I like how it’s acting and am watching for it to head toward the targets in the days ahead.

Closed Positions:

No positions were closed today.

The Positions List is a look at the current swing trades. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered.

Open Position Notes:

FLR started the day considerably higher with a gap up which nearly tagged my adjusted stop loss, getting within 12c of that level before backing away. And back away it did. The stock reversed quickly and ended the day in the red, despite the early strength. This is encouraging action and validates my stop loss level, so I’m going to stick with it as is heading into Friday.

AIV got back on the move today with a solid push higher on increased volume. This stock tested my stop yesterday, validating that level before today’s advance. This is very encouraging, and I’ll be tightening my stop tonight.

Closed Positions:

No positions were closed today.