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.
NTES triggered, SLW added, IR removed (pattern negated)
Open Position Notes:
AGP climbed higher today with the market, taking it up nearly to my stop loss level before backing away to give back a fair portion of its early gains by the closing bell. Today’s action validates my stop level, so I’m going to stick with that for now and wait to see if this one can resume its downward trend before looking to make any adjustments.
NTES triggered a buy today as it cleared resistance at $34.20, and the stock was able to move a bit higher but not much. While today’s move up through resistance was positive to see, I’d like to see follow through rather soon in this one. A positive aspect of this setup is that it sure isn’t short-term extended like many other stocks are right now, so it has freedom to move higher if the buyers will stay interested. I’m going to let it play out a bit more before I look to make any adjustments.
Closed Positions:
No closed positions.
