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
Open Position Notes:
RAX gapped higher on Friday, but quickly turned red, filling the morning gap and heading lower in a hurry. From there it was able to bounce slightly off its lows, but no additional attempt to bounce took place for the remainder of the session, and it chalked up a 1.8% decline on the day. This brings it back under the breakdown zone, which is encouraging. The key now will be follow through, so let’s see if this one can show more relative weakness in the days ahead. Not a bad start, but I need to see more weakness to trust that this one is really going to roll over.
Closed Positions:
No closed positions.
