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.
GET 1st Target hit, Stop tightened, SHAW added, MAC removed
Open Position Notes:
GET finally broke down today with some greater intensity than we’ve seen. I’ve been patient with this one, and it finally started paying off today as the 1st Target was reached for a 6.3% gain. I now have a 1/2 position in this one and have tightened my stop for remaining shares while waiting to see if a move can me made to the 2nd Target in the next few days. So far, so good.
GDP has been reluctant to run since triggering an entry, and today it was attempting to head higher until the afternoon market breakdown. That brought a reversal in the stock, and it’s now not too far from my stop loss level. I’ll stick with it for now, but at the moment this appears to be a bullish setup which simply isn’t ready to head higher. If not, I’ll stop out and stand aside.
No closed positions.