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:

RAX gapped higher on Friday, but quickly turned red, filling the morning gap and heading lower in a hurry.  From there it was able to bounce slightly off its lows, but no additional attempt to bounce took place for the remainder of the session, and it chalked up a 1.8% decline on the day.  This brings it back under the breakdown zone, which is encouraging.  The key now will be follow through, so let’s see if this one can show more relative weakness in the days ahead.  Not a bad start, but I need to see more weakness to trust that this one is really going to roll over.

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:

RAX headed lower today right out of the gate with a gap down and some nice continuation on the downside, triggering a short entry for me as it undercut the $18.90 level.  Mid-day, the stock bounced back up to test the breakdown level for a while, further validating that area on the chart as important.  The late-day market strength took this one with it though, lifting it further from its worst level of the day.  The stock is struggling to break down hard, which is no big surprise given the widespread market strength, but I do still like its relative weakness to the market – and today especially.  I expect this one to roll back over if we see any relent in the rally, so I’m sticking with my existing stop loss heading into Friday.

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.

FSLR stopped

Open Position Notes:

No open positions.

Closed Positions:

FSLR rolled over yesterday with a downgrade and some nice relative weakness to the NAZ, and the trade appeared to be taking shape nicely as it resisted the recent market strength.  Today however, the company had some positive news of a new contract with PG&E, sending the stock running higher with a push through last week’s highs.  This triggered my stop to take me out of the trade for a 3.5% loss, which is disappointing given the nature of this upside reversal on news.  This stock is still in technically poor shape, so I’ll watch for another pattern to emerge in the days and weeks ahead.  Today’s strength deserves respect, so I’ll stand aside for now.

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.

RAX added

Open Position Notes:

FSLR triggered a short sale on Monday, but struggled to produce any initial follow through.  This morning, the stock was hit with a downgrade, and despite an early attempt at a bounce it remained underwater and finished the day with a more bearish-looking chart.  Today’s move came on increased volume, which gives the daily chart more of a rolling-over appearance.  This stock now looks poised for some follow through, so let’s see if we get it.  If anything, I liked today’s relative weakness compared to the NAZ.

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.

FSLR triggered

Open Position Notes:

FSLR triggered a short entry today as the stock began to fail at short-term resistance and begin to roll over by making a multi-day low.  With the overall market holding up, and particularly the NAZ, no downside follow through was seen.  The stock was able to bounce slightly from its lows, ending the day positive by 2 cents.  I still like the relative weakness this one is showing, and expect it to participate on the downside once the NAZ pulls back.  Until then, I’m sticking with my original stop loss level and will be patient while waiting for some weakness to kick in for this stock that’s still stuck in a downtrend.

Closed Positions:

No closed positions.