Swing Trading and momentum investing stock pick newsletter and swing trading service.
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.
WYNN added
No open positions – 100% cash.
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.
NG closed, back to cash.
No open positions – 100% cash.
NG gapped higher this morning, but quickly gave it back as profit-taking produced a gap fill. I was concerned last night the stock may be getting short-term stretched, hence the aggressive raising of my stop loss for remaining shares. Today that stop was hit, netting me an 8.4% gain on the overall trade. I’m pleased with that in just 3 sessions, and given the trend is still up in this stock, will keep it on the radar in case it sets up for another entry. For now it appears to need some rest after a quick ramp 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.
NG Target 1 hit & stop raised, F & MOS closed (last week)
NG triggered a buy on Friday as it cleared the upper trend line of the large bull pennant I’ve been watching, and showed excellent continuation today. The stock ran right through Target 1 this afternoon where I closed 1/2 my position for more than a 9% gain. I’ve tightened my stop for remaining shares to just beneath afternoon intraday support so as to book a big winner should this one happen to pull back before reaching Target 2. This move has been big and fast, so I have no interest in giving much of it back if the stock happens to take a breather. With the S&P still in a trading range, it remains important to stick and move.
MOS bounced on Friday to hit my adjusted stop to take me out for breakeven. That was a disappointing outcome given the fact this stock had been performing very well as a short sale in the face of a strengthening market, but with Target 1 not getting hit I just couldn’t allow the decent winner to turn into a loss. I was patient with the trade, adjusted my stop along the way and still allowed it room to fluctuate, but the result was a flatted trade. Whenever that happens and a stock reverses, getting out at breakeven is the next-best thing. In a bull market, the short side just becomes more tricky.
F hit Target 1 on Thursday and I adjusted my stop for remaining shares and that was hit on Friday to take me out of the trade for a 2.2% gain on the 2nd half. The net for the trade was a 2.9% gain, which is nice for a mega-cap stock. It looks like it needs rest for now, but I’ll keep it on the radar in case it sets up again.
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.
F 1/2 profits taken, SM profits taken, MOS stop tightened
MOS tested the waters on the upside this morning, but once again showed some excellent relative weakness to the overall market as it turned lower and trended down for the rest of the day. The stock finished just a short distance from its lows, and continues to act heavy. That’s nice for this short sale, and perhaps we’ll see a push to Target 1 ahead of the weekend. I’ve tightened my stop tonight to breakeven to give this one a little breathing room, but otherwise will be watching for more downside.
F continued nicely higher today, and got very close to Target 1 before backing off slightly. I sent out an intraday alert via email & Twitter to say I closed out 1/2 my position at $16.82 (hence the * in the grid above) to book a quick 3.5% gain. The cause for that was that the stock was hesitating just a few cents from Target 1, and I felt it best to take some profits off the table rather than leave my stop as is and hold on for a few more pennies. So, I’m now out of half my position, and have raised my stop tonight for remaining shares in order to lock in some solid gains if the stock happens to slip. Otherwise, I’ll see if it can keep climbing, and if it becomes short-term extended I will send out another alert to book remaining profits.
SM pushed higher again today to show some follow through in price, but the volume expansion I was looking for just wasn’t there in the morning. I sent out an intraday alert via email to say I was closing out this position for a 3.8% gain ($1.90 per share), so I’m now out of the trade. The stock did move higher and push through Target 1, so for those of you who held on, that’s nice. For me personally, the lack of volume made this advance hard to trust, so I rang the register to book the gain. I’ll keep it on the radar since the trend is still up, but I’d like to see volume and price work together to offer some unified signals.
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.
F triggered, all stops tightened, NG added
MOS gapped higher this morning but quickly reversed lower, falling well into negative territory despite the broad market strength. I was quite encouraged by the morning action, as it again showed its relative weakness and neared Target 1. However, the stock did bounce into the afternoon and finish positive, creating a bullish engulfing bar on the daily chart. Because of this potential reversal bar, I’ve adjusted my stop again tonight in order to further reduce my risk. I’d much prefer to see this one head back down toward the Targets, but with a strengthening market, I don’t want to allow a decent winner to turn into a loss. I’ll evaluate again tomorrow, and may even look to make an intraday exit if the price action warrants it. Keep an eye on my Twitter stream or your inbox just in case for an alert.
SM hesitated a bit yesterday, but today the stock jumped nicely higher with a 4% gain and a close at the highs. I’d still like to see volume pick up along with price, but for now price is making new highs and that’s encouraging to see. I’ve raised my stop tonight in order to reduce risk now that this one is pushing higher, and will look to make another adjustment if Target 1 is reached. Good action here.
F triggered a buy today as it gapped 4c through my intended entry, spent a couple of hours consolidating, and then ran higher. It finished just pennies from its high of the day on expanding volume, and this looks like a decisive turn higher after the pullback of the past couple of weeks. I’ve raised my stop tonight, as a complete fill of the gap would not be very positive, plus we have Target 1 approaching. Good start so far, let’s see if some follow through comes along.
No closed positions.
