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.
PBR closed
Open Position Notes:
TIF continued lower today with some nice early weakness, although it reversed higher from its lows when the market bounced this afternoon, finishing slightly positive on the day and slightly underwater from my entry. Volume remains light, and this one is acting reluctant to make a decisive move lower at this point. My stop loss is still in place above the recent highs, so I’m sticking with that heading into Friday’s session.
Closed Positions:
PBR gave up more ground today with the early market weakness, gapping lower and well into profitable territory. With earnings due out on Friday, I’ve mentioned the previous 2 nights that I’d be looking for a good spot to book profits and close this position, and today I closed it out for a 4% winner. This one still looks technically prone to weakness, but I won’t be taking the earnings gamble, so I rang the register and booked the winner.
