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.

SM triggered

Open Position Notes:

MOS showed some decent follow through today, despite the fact it finished well off its morning low.  Nonetheless, I like how this one is acting, and I’ve already adjusted my initial stop.  If this one can head on down to Target 1, I’ll look to make another adjustment.

SM triggered a buy early in the afternoon when it crossed $50, but the stock couldn’t make much progress beyond that level before it mirrored the S&P to slide a bit into the closing bell.  I still like this setup though, and am going to stick with my existing trade parameters heading into Wednesday’s session.  Today we saw volume improve again, so let’s see if this one can produce some upside follow through to go along with it.

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.

VSH & IVN stopped, MOS triggered, SM added

Open Position Notes:

MOS triggered a short sale entry today as it broke the rising trend line at $69 which had been serving as support.  The stock moved nicely lower from there, and soon was $2.20 below the trend line.  The market then stabilized, and this stock recovered a bit alongside it, but I was encouraged by today’s expanding volume with the selling pressure and the fact that it still finished more than 2% lower on the day.  That shows relative weakness, so I’ll be on the lookout for follow through in the days to come.  Due to today’s nice start to the trade, I’ve also tightened my stop for this trade in order to reduce my risk heading into Tuesday’s session.

Closed Positions:

VSH triggered my raised stop loss right on the open, taking me out of remaining shares for a 2.5% gain.  This gave me a net gain on the trade of 3.4%, which isn’t bad for a quick play.  This one may be able to climb further, but at this point it’s getting a bit more volatile so I’ll wait for another setup to emerge before looking at another entry.

IVN gapped lower and traded down from there, hitting my stop loss to take me out for a 3.4% loss.  I had been looking for a possible move back up once the trend line was broken, but today’s turn lower gives the stock the appearance of a failing bounce, so I’m going to stand aside for now as the stock isn’t acting strong at this juncture.

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.

VSH Target 1 Hit & stop raised, IVN triggered, F & MOS added

Open Position Notes:

VSH climbed further Friday morning to clear Target 1, allowing me to exit 1/2 my position for a nice quick 4.27% gain.  With the stock reversing to finish negative on Friday however, I’ve raised my stop aggressively tonight for remaining shares in order to lock in a decent gain should the pullback continue.

IVN triggered a buy Wednesday, but pulled back slightly on Friday to finish just beneath my entry.  This one still looks good for higher prices, particularly if we get some stronger volume in the days to come.  I’m sticking with my existing trade parameters for now while I wait for follow through to arrive.

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.

BEAV stopped

Open Position Notes:

VSH held up rather well today despite giving back some ground.  I was rather pleased with the relative strength it showed compared to the market, but this one still has some proving to do.  I’d like to see it produce some upside follow through no later than the next market advance, and will stick with my existing stop loss to give it a bit of breathing room heading into Wednesday’s session.

Closed Positions:

BEAV triggered my raised stop loss at the open today as it gapped lower to take me out for a $0.01 loss.  The stock had cleared the decending trend line with a nice initial push higher, but since then hesitated to produce follow through.  Today’s broad market weakness was simply too much for it to fight, so I’m now out of the position for essentially breakeven.  I’ll keep this one on the radar in case it sets up for another trade.