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.

No changes

Open Position Notes:

ACXM drifted slighly lower on Friday to end the week just a short distance from my stop loss level.  This stock is still struggling to show any upside follow through since nudging through the descending trend line last week, and currently resides still inside the base.  I’m sticking with my existing levels for this one, but it may not be long before I punt it if some strength doesn’t arrive soon.

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:

ACXM showed no follow through to yesterday’s breakout attempt through the trend line, and today edged lower on light volume.  This one now stands just a short distance from my stop loss level, so Friday may be its last chance to get moving before I punt it.  For now, I’m sticking with my existing trade parameters while waiting to see if it can turn back up and continue its uptrend.

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.

ACXM triggered

Open Position Notes:

ACXM triggered a buy today with a late-morning surge higher, taking it through the descending trend line at $18.10.  Unfortunately, volume was very light today, which prevented this stock from showing some initial follow through.  It drifted back beneath the trend line to finish negative on the day, which constitutes a breakout failure on this first attempt.  Perhaps it can get moving in a better fashion tomorrow, so I’m going to stick with my current trade parameters while I wait.

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.

ACXM 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.
FOSL stopped, VSEA triggered & stopped

Open Position Notes:

No open positions.

Closed Positions:

FOSL gapped lower today with the early market weakness, and triggered my stop loss soon after.  The stock headed slightly further down before reversing back up and finishing right back into the recent consolidation zone.  This move took me out for a 2.9% loss, which is frustrating due to the nature of today’s head-fake move.  This stock is still in its uptrend, so I’ll keep it on watch for a possible re-entry in the days ahead.  For now, I’m out and standing aside.

VSEA triggered a short sale this morning as the market was heading lower, indicating that this stock was ready to roll over as well from the recent bounce.  However, the downside didn’t last, and the stock reversed higher along with the market.  Ultimately, my stop loss was triggered in this one as well, handing me a 3.2% loss in the process.  Here again, the head-fake nature of this move was no fun to endure, but stops must be kept in place in order to protect capital when stocks reverse.  Given that this one continued higher, it negates the pattern altogether so I’ll avoid this one for now.