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.


MCO triggered, Target 1 hit, stop tightened.  MTB triggered

Open Position Notes:

UHS climbed early in today’s session, but the strength was short-lived and ultimately the stock rolled over a bit with the market.  It’s still sitting slightly above my tightened stop loss, so I’m going to stick with that level heading into Wednesday’s session.  The dip of the past 2 sessions has come on light volume, so let’s see if this one can shape up tomorrow.  If not, I’ll abide by my stop.

MCO triggered a short sale today as it undercut short-term support, and it slid steadily lower throughout the day.  Target 1 was hit, where I booked 1/2 profits for a quick 4.2%, and now Target 2 is approaching.  I’ve tightened my stop for remaining shares heading into tomorrow, but so far I like how this one’s behaving as a short.

MTB triggered a short sale today as it broke through a key level which has served as both support and resistance in recent months.  The stock spent much of the day in a choppy range, but the weak finish was encouraging.  I’m going to leave my stop loss as-is heading into Wednesday, and will look to make an adjustment once this one is able to make some better progress toward the Targets.  So this was a good start, but I’d like to see some follow through.

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.


MCO & MTB added

Open Position Notes:

UHS pulled back Friday along with the market, but it wasn’t too bad considering the stock had been up 4 of the previous 5 sessions.  Volume declined with the pullback, and price was able to hold above its breakout zone on a closing basis.  Those are both encouraging to see, so now the key will be whether it can produce some upside follow through.  I’ve already adjusted my stop, so I’m sticking with that for now and will be watching to see if some strength returns.

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.


UHS stop tightened

Open Position Notes:

UHS participated in today’s market strength, which was encouraging.  Being a health services stock, it’s not the momentum name which many traders turn to when the market rallies, but I initiated the trade due to the relative strength it’s been showing despite the recent widespread weakness.  Volume was a bit lacking today, as it was in many stocks, and this one finished off its best levels of the day.  That shows a little hesitation to run higher, and after climbing 4 of the past 5 sessions, it may simply be due for a rest.  I’m going to tighten my stop again tonight just to protect this position, but will still leave it some room to fluctuate while I’m waiting for more strength 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.


UHS triggered, stop tightened

Open Position Notes:

UHS triggered a buy today as it broke out from its bull pennant pattern, moving solidly higher for most of the session.  The market weakness in the afternoon pulled it down from its highs of the day, but it still managed to finish positive on the session and display some nice relative strength.  While I’d have liked to see it just move straight up (of course), the fact that it ended the day just 1c off its trigger price in the face of a weak market is encouraging.  With the market still struggling to bounce here, I’m going to tighten my stop for this position in order to reduce my risk, but I’m leaving it a little wiggle room just in case it’s needed.

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.


UHS added

Open Position Notes:

No open positions.

Closed Positions:

No closed positions.