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.
ROK stopped, CCL stop tightened
Open Position Notes:
CCL eased lower today, but I was a bit disappointed with the lack of downside momentum there. The stock has been technically weak and has already broken down, so a weak market would be ideal to see it accelerate lower. However, today it simply tested the April 8 low and held. While it did finish down on the day, it isn’t showing the kind of price action I’d expect in a setup like this. Therefore, I’ve tightened my stop again for this short sale in case it attempts to turn back up from this short-term support zone.
Closed Positions:
ROK triggered an entry on Friday, but today was stopped out for a 2.3% loss. Friday’s volume could have been stronger, but the broad market weakness was most to blame for today’s weakness in the stock. I’ll keep this one on the radar in case it sets up for another entry, but for now I’m out with a small loss.
