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.
TEN removed (no trigger, pattern negated)
Open Position Notes:
WFM pulled back a bit today, but held above my tightened stop at $82. It also was able to grind its way back up in the final 2 hours to erase most of the losses, leaving it only a few cents lower by the closing bell. This one has been sluggish to get going, but I’m trying to stay with it. Friday’s breakout was technically important, so I still would like to see it build on that with some additional strength. However, I do not want to see that breakout fail, so my stop remains at Friday’s low of $82.00. Today’s inside bar on light volume may prove to be a continuation bar, so we’ll see, but I’m encouraged to see the breakout hold on a pullback day like this.
Closed Positions:
No closed positions.
