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.
TMK, PCL triggered, CBL added
Open Position Notes:
TMK triggered a buy on Thursday as it cleared its descending trend line, actually gapping through the trigger price by .15. This one was able to climb a bit higher on the session, despite the lack of market follow through. I’m going to stick with my existing trade parameters for this one heading into Monday, watching for some follow through. This one is now free to move higher, but the buyers will need to maintain their technical edge.
PCL triggered a buy on Thursday as it broke out from its cup & handle pattern, and volume edged higher as well. This one finished the day just slightly above the trigger, but that’s acceptable given the lack of upside follow through in the indexes. This one still appears free to head higher, so I’ll be on the lookout for follow through in the days ahead.
Closed Positions:
No closed positions.
