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.
BIDU stop tightened
Open Position Notes:
NUE got to within 1% of Target 2 today but stabilized and recovered some of the day’s losses in the afternoon. This stock remains technically broken, and may simply need a rest. My stop was tightened last night, so I’m going to stick with this 2nd half of the trade for now and see if it can follow through to Target 2 in the days ahead.
BIDU seemed hesitant to break down this morning initially as the overall market was weak and it actually went positive for a short time. However, it did tumble into mid-morning, getting to within about 1% of Target 1 before bouncing into the close. The stock still posted a loss for the session, but the intraday recovery suggests it’s attempting to rest here after several declines. I’ve tightened my stop to breakeven but am giving it some room to fluctuate while waiting for a move down to my Targets as it is still technically bearish.
Closed Positions:
No closed positions.
