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.
INTU triggered
Open Position Notes:
LLL bounced today but held beneath my tightened stop loss, and ultimately finished negative on the day once again. That’s encouraging price action for a stock that’s already proven to be weak, and even on an attempt at a bounce it’s struggling to gather any upside momentum. I’m sticking with my existing trade parameters for now while waiting to see if this one can make a move toward Target 2.
INTU triggered a buy this morning as it cleared the steep trend line shown in last night’s Broadcast, but with the market reversing lower, it wasn’t able to hold the breakout. It slipped back beneath the trend line by the closing bell, and now sits slightly underwater from my entry. I’m going to keep my stop as-is for now, and may look to make an adjustment after the weekend if Friday’s price action is encouraging. So not the best start, but I’m going to give it some room to fluctuate for the time being while waiting to see if it can make another attempt at a move higher.
Closed Positions:
No closed positions.
