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.
VMW, WMS, STT added
Open Position Notes:
TMK started to turn back up on Friday from its mid-week dip, although volume was light with Friday’s bounce. This one is still holding above the breakout area on a closing basis, which is good to see, but I’d like to see this second attempt at upside produce some gains rather than more stagnation.
PCL pushed higher on Friday to end the week at new highs. Volume picked up along with the strength, which is encouraging. This one seems to now be back on the move after some initial hesitation, so I’ll be watching for follow through in the days ahead.
CAG ended the week up a few cents on very light volume, still appearing poised on the daily chart for this bounce to fail. I’m sticking with my existing trade parameters for now while waiting for this one to turn back down.
MSG nudged slightly higher on Friday to make a new high, although volume remains light. That’s most likely the reason this one isn’t popping yet, but I still like the setup and am exercising patience for now.
Closed Positions:
No closed positions.
