TheStockBandit.com

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.

MPEL triggered, PPO & CROX & CAM added

Open Position Notes:

MPEL triggered a buy on Friday morning as it pushed past resistance to break out from its ascending triangle pattern.  The early rally was followed by a shallow pullback to test that area for a few hours before a solid advance into the closing bell took the stock to its highs of the day.  Volume picked up over the previous couple of sessions, which is good to see on a breakout.  I’d like to see price show some follow through soon with more volume expansion, but this is a good start so far.  As the stock makes more progress, I’ll then look to make adjustments to my stop.

Closed Positions:

No closed positions.

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.

MPEL added

Open Position Notes:

No open positions – 100% cash (waiting for entries to trigger).

Closed Positions:

No closed positions.

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.

NOG closed, AEM stopped – 100% cash

Open Position Notes:

No open positions – 100% cash.

Closed Positions:

NOG pulled back sharply today, hitting my raised stop for the 2nd half of my position (already had booked 1/2 profits at Target 1 last week).  The 2nd half took me out at breakeven, and when averaged with last week’s gains it gave me a 3.5% profit on the overall trade.  I’m pleased with that considering the market weakness and the abrupt change of character in this stock.  I’ll leave it alone for now until it stabilizes and sets up for another play.

AEM continued its pullback today to hit my stop loss, taking me out for a 2.7% loss.  This one triggered and then returned quickly to its base, which I noted last week was not a positive indication.  While it may be able to stabilize and turn back up, I’m not going to stick around.  If it sets up for another play, I’ll take it then, but for now this is a stock that seems stuck in its base and therefore needs more time before it’s ready to go higher.

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:

AEM gave up a few cents on Friday after actually opening higher.  However, volume sagged on the pullback in price, which is something I don’t mind seeing given that this stock is still inside its base.  I’m going to stick with it a bit longer before considering any adjustments, as I’d like to see if it is able to make another attempt at a turn higher.

NOG pulled back on Friday, giving back a portion of Thursday’s gains.  Here again, volume was very light, running just half of normal.  That’s exactly what I like to see in a stock like this which as given me a momentum pop and now is seeing mild profit-taking.  I’m going to leave my adjusted stop as-is for Monday, giving this one some room to breathe should it happen to rest further.  I like the price action here though, so I’ll be looking for a continuation move in the days ahead.

Closed Positions:

No closed positions.