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.
TIF closed
Open Position Notes:
No open positions – 100% cash.
Closed Positions:
TIF bounced in a hurried fashion from the February low, but volume failed to support the move, creating a bearish divergence in the process. The recent hesitation to move higher offered a risk/reward scenario I liked, along with a well-defined entry and stop for initiating a swing trade on the setup. After an initial trigger though, the stock hesitated to continue lower, and ultimately moved up to stop me out on Friday for a 2.5% loss. I’m out of the stock and this move negates the pattern, so I’ll leave it alone until another tradeable pattern emerges.
