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.

PBR closed

Open Position Notes:

TIF continued lower today with some nice early weakness, although it reversed higher from its lows when the market bounced this afternoon, finishing slightly positive on the day and slightly underwater from my entry.  Volume remains light, and this one is acting reluctant to make a decisive move lower at this point.  My stop loss is still in place above the recent highs, so I’m sticking with that heading into Friday’s session.

Closed Positions:

PBR gave up more ground today with the early market weakness, gapping lower and well into profitable territory.  With earnings due out on Friday, I’ve mentioned the previous 2 nights that I’d be looking for a good spot to book profits and close this position, and today I closed it out for a 4% winner.  This one still looks technically prone to weakness, but I won’t be taking the earnings gamble, so I rang the register and booked the winner.

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.

UA & LAMR closed

Open Position Notes:

TIF bounced today with the market, but there were a couple of factors which I found notable.  First, the stock remained beneath the recent highs.  Sometimes for turnaround plays like this one, multiple failures are seen before a lasting turn is made.  It could be that today’s action is simply part of that process.  Second, today’s upside volume was extremely light – only 1/2 of normal.  That’s encouraging, as it points to limited participation on today’s strength.  We’ll know soon enough if this one is going to work, but for now I’m sticking with my original stop while waiting to see if the short-term highs will hold.

PBR gave up a little ground today despite the market strength, which is encouraging.  Nonetheless, with earnings due out on Friday afternoon, I still will be looking to make an exit in this one sometime on Thursday in order to sidestep the earnings news.  My stop has already been moved to breakeven, so I’m willing to wait to see if any further weakness sets in on Thursday, when I’ll look to make an intraday exit. Watch for an update on Twitter, email, or here in the comments.

Closed Positions:

UA gapped higher this morning and soon hit my stop loss, taking me out of this short for a 2.5% loss.  This one was moving back to new recovery highs, which implied it was set to continue the bounce from the February low.  With that being the case, I didn’t hesitate to step aside and exit, unwilling to fight the position in which I was clearly wrong.  Although the stock did come down from its intraday highs, it still is flirting with short-term resistance, so I’m going to leave it alone for now.

LAMR has earnings due out tomorrow morning, and last night I mentioned I’d be looking for a spot to exit this trade sometime today.  I had tightened my stop loss to breakeven, but today the stock opened slightly above that level, taking me out for a 5-cent loss.  While I do like the technical setup in this stock for a move back down toward the recent lows, the fact is that I refuse to make the earnings gamble, so I’m out with a fractional loss and will wait for the news to pass and a new pattern to emerge before considering another entry.

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.

UA, TIF, PBR, LAMR triggered

Open Position Notes:

UA triggered a short entry for me today as it undercut the rising trend line at $25.40.  Volume picked up slightly with today’s selling, so the stage is now set for this to confirm a lower high.  I’m going to leave my stop loss as-is and see if this one can make further progress before looking to adjust.

TIF triggered a short sale for me today as it undercut its rising trend line at $43.10.  This one appears to be rolling over on the daily chart, but so far hasn’t made a lot of progress from my trigger price.  I’m going to leave my stop loss as-is for now and see if some follow through arrives in the next couple of days before I look to adjust it.

PBR triggered a short entry today as it undercut its rising trend line at $42.10, and volume picked up substantially with today’s selling.  This opens the door for continued weakness in the days ahead on a technical basis, but I realized this evening that earnings are due out on Friday of this week.  For this reason, I’m moving my stop loss to breakeven, and will look to exit on weakness sometime during the next 2 sessions.  Watch for an update on Twitter, email, or here in the comments.

LAMR triggered a short sale for me today as it broke its rising trend line at $30.20, and volume picked up on this one today as well.  Technically it now looks poised for additional weakness, but I realized this evening that earnings are due out on Thursday morning before the opening bell.  For this reason, I’m moving my stop loss to breakeven, and will look to exit intraday on Wednesday.  Watch for an update on Twitter, email, or here in the comments.

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.

TIF, PBR, LAMR 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.

UA added

Open Position Notes:

No open positions.

Closed Positions:

No closed positions.