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.
GDX closed, MOS triggered
Open Position Notes:
MOS triggered a buy for me this morning as it cleared $47.20, and this one shot higher almost immediately by $1.34. That marked the high for the day, however, as this one gave back some ground soon afterward. The stock did stabilize and post a solid gain of 2.4% on the session, and it held the breakout level on strong volume, and I’m encouraged by that. I’d like to see some follow through in the next couple of sessions now that this one has broken out, so let’s see what happens. I’ll leave my stop as-is for now so this one has some room to fluctuate if needed.
Closed Positions:
GDX hit Target 1 yesterday right on the number, and then bounced back. I had tightened my stop for remaining shares last night so as not to give back much open profit on the reluctance of this one to move decisively lower, and today that stop was hit on the open at $47.74. That closed me out for a modest 2.1% gain on the 2nd half of my position, making the net gain on the trade 3.1%. That’s decent for a few days in an ETF, so I’ll take it and move on. The gold miners seem to be trying to stabilize here after a quick move lower, so I’ll wait for a new setup to emerge before looking for another entry.
