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.

CSX & SLAB triggered

Open Position Notes:

CXO tested the downside today but recovered to finish positive, ending up by 1%.  The test of the breakout zone over these past two sessions has resulted in a slight gain so far, but this one needs to go on to make new highs at this point.  No changes to my stop as of yet.

CSX triggered a buy today as it cleared $71.25.  The gain wasn’t impressive, but I liked how the stock never looked back after it triggered.  The recent highs were approached and respected, as today’s high came in just a few cents shy of the prior highs.  Nonetheless, this is a solid breakout and I’ll be watching for continuation and improved volume in the coming days.

SLAB triggered a short sale this morning as it undercut the lower trend line of the rising wedge pattern shown in last night’s Bandit Broadcast.  This one managed a slight bounce from its worst levels, but still finished negative on the day despite strength in the NASDAQ.  Volume picked up a bit with today’s selling, so let’s see if this one can show some follow through in the coming days.  No change to my stop yet, as I’d like to see this one make some better downside progress before looking to make any adjustments.

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.

CXO triggered, LBTYA stopped, CSX & SLAB added

Open Position Notes:

CXO triggered a buy today as it cleared the $97.50 trend line, but the initial strength hasn’t yet found follow through.  With the market weakening after that point, this one slid a bit as well.  It finished back beneath the trend line, but only slightly, so I’m leaving my stop as-is heading into Thursday’s session to see if this one can make another attempt at a push higher.

Closed Positions:

LBTYA spiked lower at the open today, hitting my stop right on the number to take me out for a 1.5% loss.  That’s a very minor loss, but it was a bit frustrating to see this one move back above the trend line to mark a new multi-day high on improved volume.  Perhaps this one is now ready to run, but it’ll do so without me after shaking me out.

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.

PAAS removed, SWK & CXO added

Open Position Notes:

LBTYA failed to finish above the trend line yesterday and I noted that was the reason I was raising my stop last night.  Today the stock never challenged Monday’s high, and slipped a bit on a slight uptick in volume.  This stock isn’t far from highs, but still looks vulnerable to a turn lower here after failing to clear the trend line after two days above that level.  My stop has already been raised, so I’ll leave it as-is heading into Wednesday.

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.

LBTYA triggered, PAAS revised

Open Position Notes:

LBTYA triggered a buy today as it cleared the descending trend line highlighted in last night’s Bandit Broadcast, but volume was quite light and the stock didn’t hold the breakout.  By the end of the day, it had finished slightly negative on the day.  Although it didn’t finish far from my trigger price, the fact remains that these kind of breakout failures rarely produce quick recoveries.  As a result, I’ve tightened my stop tonight in case this one happens to show further weakness in the days ahead.  Perhaps it can strengthen again on better volume and get going, but for now it looks vulnerable to a pullback after today’s failed trend line break.

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.

LBTYA & PAAS added

Open Position Notes:

No open positions – 100% cash.

Closed Positions:

No closed positions.