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.

CBL triggered, PCL & CBL stops raised, GGC & CAG added

Open Position Notes:

TMK continued higher today, participating in the market strength while making a new high in the process.  That’s encouraging to see, but volume was very light along with today’s advance, which is worth noting.  This stock has been able to rally previously on light volume, but I’ll be watching it closely for any need to make an adjustment in my current plan.

PCL made a new high today on heavy volume, but the stock finished well off its best levels of the day.  This hints at some hesitation on the breakout, but for now it’s holding above prior resistance, so I’ll give it another day or two to get back on the move.  I’ve tightened my stop tonight just in case this one happens to fail.

CBL triggered a buy today as it broke out from its large bull pennant pattern.  Price surged higher and ended the day near highs, which is just what I like to see on a breakout day.  Volume increased, but could have been stronger.  All in all, this is a nice initial move, so I’ll be watching for follow through toward my target tomorrow.  I’ve also adjusted my stop to just below intraday support from today’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.

TMK, PCL triggered, CBL added

Open Position Notes:

TMK triggered a buy on Thursday as it cleared its descending trend line, actually gapping through the trigger price by .15.  This one was able to climb a bit higher on the session, despite the lack of market follow through.  I’m going to stick with my existing trade parameters for this one heading into Monday, watching for some follow through.  This one is now free to move higher, but the buyers will need to maintain their technical edge.

PCL triggered a buy on Thursday as it broke out from its cup & handle pattern, and volume edged higher as well.  This one finished the day just slightly above the trigger, but that’s acceptable given the lack of upside follow through in the indexes.  This one still appears free to head higher, so I’ll be on the lookout for follow through in the days ahead.

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:

No open positions.

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.

CNW, PCL added

Open Position Notes:

No open positions.

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.

TMK added, ACXM stopped

Open Position Notes:

No open positions.

Closed Positions:

ACXM slid slightly lower this morning, triggering my stop loss right on the number before stabilizing to finish the day a few cents positive.  I’m now out of this trade with a 3.8% loss, and while the breakout attempt failed, the stock hasn’t yet broken down.  I’ll be keeping this one on the radar in case it makes another attempt to rally, but first it will need to challenge the trend line once again.  For now, I’m on the sidelines.