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.
ARBA closed
Open Position Notes:
KKR held up again today, adding just a few cents but once again on a day when the overall market showed some weakness. That implies this stock wants to head higher, but with it still hanging around the trigger area I’ll suspend judgment for now. Nonetheless, with a raised stop in place and some stability over the past couple of sessions, I like what I’m seeing so far. If the market bounces, I would expect this one to participate but we’ll see.
Closed Positions:
ARBA tried to recover this morning from a shaky start, but couldn’t gain traction and instead yesterday’s weakness carried over into today’s session. That took the stock down to my adjusted stop loss, taking me out of the 2nd half of this trade at breakeven. With Target 1 getting hit, this position netted a 2.8% profit, a modest gain. That’s not as good as it was at one point, but with the market weakening so quickly and with the second half stopping out, I’ll take the gain. This stock may now need to test the lower end of its range again, so I’ll standby and see what happens before considering another entry.
