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.

No changes

Open Position Notes:

ISIL showed some weakness this morning and broke Tuesday’s low, but soon stabilized and rebounded enough to finish positive on the day.  While the day’s gains weren’t meaningful in themselves, I was encouraged by the fact that essentially this stock tested the downside successfully and found buyers.  I’ll be watching for some continuation on the upside in the days ahead, and will keep my stop as-is heading into Thursday’s session.

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.

AGU & ANR closed, ISIL triggered

Open Position Notes:

ISIL triggered a buy today as it moved up through the trend line at $15.05.  I would typically prefer to see volume expand along with a move like today’s, but being right in front of Christmas that’s harder to come by.  I did like the action in the stock though and the fact it finished above the trigger, so I’ll stick with it heading into Wednesday while waiting to see if we get some follow through.  I may make an intraday exit on this one if conditions warrant it, so keep an eye on the Twitter stream (@TheStockBandit) and/or your inbox for a possible email update.

Closed Positions:

AGU has failed to produce follow through since triggering a short entry with a break of rising support, but I’ve been patient with it to see if it would weaken.  Today the stock just seemed to have a bid beneath it, so shortly after the open I closed out the trade for a 2.2% loss rather than giving it all the way to the stop listed last night.  I was thankful to have done so, as the stock did eventually move on up through that level as well.  Shorts are difficult in a rising market, but I felt this one was worth taking.  Once it became clear it was headed higher rather than lower, I closed it out in order to reduce my loss.

ANR hit Target 1 yesterday and then gapped up this morning, indicating it might be ready to run again.  However, the stock came under early pressure and began to fill its gap so I took profits for a 2.7% gain as per my Tweet and the email alert sent out this morning.  The stock soon filled the entire gap and went negative on the day, only to turn back up and take out the morning highs.  Sometimes that happens, but for a trade I entered with the intention of booking fast profits, this one produced.

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.

ANR triggered & Target 1 hit & stop raised

Open Position Notes:

AGU marked a multi-day high early today but reversed to go negative on the day.  This stock has bounced on weak volume, and today’s downside reversal is encouraging that perhaps the bounce has run its course.  I’ve still got a stop in place should this one happen to head higher, but otherwise I’d like to see how it responds to a test of the $80.40 level again if reached.

ANR triggered a buy this morning as it gapped slightly through my intended entry of $52.45, opening at $52.59.  From there, the stock headed north, taking out Target 1 intraday for a quick gain of 2.6%.  Target 2 is now in sight and I’ve also updated my stop for remaining shares tonight in order to lock in a gain there if the stock should happen to reverse.  Keep an eye on the Twitter stream (@TheStockBandit) tomorrow for a possible exit notification if the stock happens to stall out beneath Target 2.

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.

ISIL & ANR added

Open Position Notes:

AGU got off to a weak start Friday with a test of the downside, but soon found its footing and moved into positive territory by day’s end.  This stock is still hovering beneath my stop, but I don’t like the fact it’s not gaining any traction as a short – especially after Thursday’s breakdown failure.  I’m going to stick with my existing stop loss for now, while waiting to see if this one can turn lower after a pair of advances on diminishing and weak volume.

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.

AGU triggered, ATU & WYNN stopped

Open Position Notes:

AGU triggered a short entry for me today as it broke the rising trend line of support this morning at $80.40.  The stock moved slightly lower from there, stabilized, and then reversed to finish positive on the day and reclaim that broken support.  This may prove to be another head-fake, but for Friday I’m going to stick with my position and existing stop loss and see if this one shows any further signs of weakness.

Closed Positions:

ATU sold off hard at the open, triggering my stop to take me out of the trade for a 3.9% loss.  The head-fake breakout in this stock was violent, and today’s drop back beneath the base is a signal that the character of this stock has suddenly changed.  I’m out and will stay away from it for now.

WYNN broke support earlier this week and bounced back in a lazy fashion yesterday, indicating continued weakness once the buying fizzled out.  Today however, the stock got an upgrade which sent it gapping higher, triggering my stop to take me out right after the open for a 3.6% loss.  Headline-related stops are never any fun, but the stock finished another $2 higher from my exit, making me glad to be out.  I’ll keep this one on the radar in case it heads back down to challenge support, but for now the stock is trying to head higher and I have no interest in fighting it.