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.

OXY triggered & stopped, AA added

Open Position Notes:

No open positions.

Closed Positions:

OXY triggered a buy today as it cleared the trend line highlighted in last night’s Broadcast, but it was unable to hold and subsequently reversed.  The downside turn stopped me out for a 2% loss.  This one apparently needs more time before it’s ready to go, so I’ll stand aside for now and wait for some stronger action now that the pattern has failed.

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.

OXY added

Open Position Notes:

No open positions.

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.

SWK & MOLX closed

Open Position Notes:

No open positions – 100% CASH.

Closed Positions:

SWK gapped lower this morning and after an attempt to rally, rolled back over with the broad market weakness to hit my stop and take me out of this trade for a modest 1.5% profit.  This one neared Target 1 on Friday, but with the steep market selloff today it just couldn’t stand up to the downdraft.  I’m out and will wait for a new pattern to emerge.

MOLX gapped down today and continued lower with the market weakness, hitting my stop to take me out of this trade for a minor $0.20 loss. (less than 1%).  This one was slowly making progress, but I will not fight the market weakness and will instead stand aside in order to preserve capital.

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.

CSX closed, SWK & MOLX stops raised

Open Position Notes:

SWK gapped higher and continued north on Friday morning, reaching new 52-week highs in the process.  The stock nearly reached Target 1, but backed off a bit in the afternoon.  I like how it held the morning gap, and this one could easily push past Target 1 in the next couple of days.  I’ve raised my stop tonight in order to reduce my risk in the trade and lock in a modest gain if it happens to reverse, but otherwise I’m giving it a little room to breathe while I wait for my targets.

MOLX edged a bit higher on Friday to reach a new 52-week high and build on its breakout.  I’m still using the uptrend line as my stop for now, and have raised my stop accordingly while waiting for Target 1 to get hit.

Closed Positions:

CSX tested the $75 level on Friday for the 3rd straight session, but backed off to hit my stop for my remaining shares at $74.50.  So, I’m out with a solid 4.3% gain, and will keep this one on the radar in case it sets up for another play.  It was nice to capture a $3 move right through the trigger, but it’s also wise to ring the register when a stock has repeated trouble clearing a level.