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:
WLP showed some initial hesitation yesterday to break down, but today it moved decisively lower with a big expansion in volume. This confirms the bearish rising wedge pattern, and I’m now on the lookout for follow through. I’m going to leave my stop loss as-is, because the market is getting rather oversold here and I want to allow some room for a bounce if it should happen early on Friday. If on the other hand we see early weakness, I may move to exit this position, so watch your email inbox for an alert (I will also post any exit on Twitter). Just wanting to stay flexible in this market which is getting to the point where a relief bounce could come at any time. Nice action here today though.
Closed Positions:
No closed positions.
