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.

MOS stop tightened, DRI & NEM added

Open Position Notes:

MOS gapped lower today and gave back some of Monday’s advance, but stayed above its breakout zone.  Today’s downside volume was also very light, which I find encouraging on the heels of the strong-volume advance seen on Monday.  This one is struggling to produce day-after-day follow through right now, but it’s working and I’m doing my best to stay with it.  I have tightened my stop tonight a little just in case, but otherwise will be watching Monday’s high as a short-term pivot which needs to be cleared in order for a push to the targets to occur.

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.

No changes

Open Position Notes:

MOS gapped lower this morning in the face of a very strong market, thanks to a preliminary injunction from a U.S. District Court.  Goldman Sachs noted it as a “clear negative,” leaving the stock weak on the open.  It was able to hold above my stop loss, however, and soon after caught a bid and filled the entire gap.  The stock strengthened as the day progressed, moving well into positive territory by the end of the day.  This wasn’t quite what I had in mind when I referred to Friday’s inside day often becoming a continuation bar, but nonetheless, that’s what happened.  Today’s bullish engulfing bar came on big volume, and that’s technically very positive to see.  Target 1 is right around the corner, and Target 2 could be reached as soon as this week, so I’ll be looking for follow through in the days ahead as the stock pushes toward those levels.

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.

No changes

Open Position Notes:

MOS held up well last week, particularly on Thursday and Friday in the face of market weakness.  The breakout has held for a couple of days, and this one still looks good to me.  Friday’s bar was an inside day, and often times that ends up being a continuation bar.  Given the fact this one just broke out, I’m watching for follow through this week.  My stop will remain unchanged heading into Monday, as I’d like to see some further progress before looking to make any adjustments.  So far, pretty good action.  Follow through needs to arrive next.

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.

GDX closed, MOS triggered

Open Position Notes:

MOS triggered a buy for me this morning as it cleared $47.20, and this one shot higher almost immediately by $1.34.  That marked the high for the day, however, as this one gave back some ground soon afterward.  The stock did stabilize and post a solid gain of 2.4% on the session, and it held the breakout level on strong volume, and I’m encouraged by that.  I’d like to see some follow through in the next couple of sessions now that this one has broken out, so let’s see what happens.  I’ll leave my stop as-is for now so this one has some room to fluctuate if needed.

Closed Positions:

GDX hit Target 1 yesterday right on the number, and then bounced back.  I had tightened my stop for remaining shares last night so as not to give back much open profit on the reluctance of this one to move decisively lower, and today that stop was hit on the open at $47.74.  That closed me out for a modest 2.1% gain on the 2nd half of my position, making the net gain on the trade 3.1%.  That’s decent for a few days in an ETF, so I’ll take it and move on.  The gold miners seem to be trying to stabilize here after a quick move lower, so I’ll wait for a new setup to emerge before looking for another entry.