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:
LLL was heading nicely lower today, but the market rebound took this one with it. It only finished positive by 6 cents, which sure isn’t much, and volume stayed below average. That may point to merely a bounce at this point, but at this point it’s too early to tell. I’m sticking with my existing trade parameters for now until further clarity comes along in the chart, as that should allow this one some freedom of movement if needed.
EL was heading lower today until the afternoon bounce took it positive on the day. However, volume was below average with today’s bounce, and that may suggest merely a bounce here. I’m leaving this one plenty of room to fluctuate for now while waiting for some follow through, so my stop will remain as-is heading into Tuesday.
UNT continued nicely lower today with another above-average volume session as prices declined. This one got pretty close to my Target, but bounced before moving through that level. Nonetheless, I do like the fact this one finished weak in the face of a market which recovered, so let’s see if it can hit the Target in the next day or two. If not, I’ll probably look to make an adjustment.
Closed Positions:
No closed positions.
