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.
No changes
Open Position Notes:
SPG pulled back again today, and although it did happen on light volume, it gave up the breakout zone by falling back beneath it. This is a breakout failure for now, which isn’t encouraging, although because of the light volume today I am willing to give this one another day or two to see if it can stabilize. If not, I’ll then look to tighten my stop and reduce my risk on the trade. It could be that today’s drop back down beneath $96 is a shakeout move, so I’m willing to wait and see.
CREE gave up more ground today, which is again nice to see. This one has been unable to reclaim former support (turned resistance), and is drifting lower at this point. I’d like to see one of these downside spikes really gain some momentum in the stock, but for now I’m being patient as it moves slowly in my direction.
Closed Positions:
No closed positions.
