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.
SLW stop tightened
Open Position Notes:
NTES finished lower last week after triggering a buy with a move up through resistance. The breakout came on lackluster volume, leaving it vulnerable to failure, and then the market weakness arrived to keep it beneath that level. This one is just a short distance from my stop loss, so I’m going to see if it can rally tomorrow and get back up to higher levels. If not, I’ll stay with my stop loss and stand aside if I get taken out.
SLW rolled over nicely last week after breaking below the bearish rising wedge pattern it had built on the daily chart. This one is moving toward Target 1, so my plan is to see if it can move through that level and then tighten my stop aggressively once that happens. I’ve moved it to breakeven for now as a way to reduce risk in the trade, so let’s see what Monday brings.
Closed Positions:
No closed positions.
