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. [Read more…]
Hit List 10-29-2009
Bandit Broadcast for 10-29-2009
Good evening StockBandits!
Positive economic news this morning combined with short-term oversold conditions from yesterday to produce some early strength today which was built upon throughout the day. The gap up this morning saw only a minor and brief attempt to get sold, and from there the market simply trended higher. Shorts were covered and the dip buyers who have been absent of late finally arrived to put cash to work. The result was an impressive rebound of triple-digit proportions. [Read more…]
Hit List 10-28-2009
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. [Read more…]
Bandit Broadcast for 10-28-2009
Good evening StockBandits!
With the NAZ having broken the uptrend line which began in March yesterday, it was poised for follow through. It didn’t disappoint. Stocks suffered another down day as the dip buyers remained absent, allowing the S&P 500 to also undercut its uptrend line with today’s weakness. This is both technically & psychologically significant for this market, as it shows a shift in the mindset of buyers and an expansion in volatility for the first time in quite a while. That’s great for us as traders, I might add! [Read more…]
The Importance of the Home Stretch 10-28-2009
With just about 1 hour left in the day, the S&P 500 is currently through the 1050 level, which means if it were to close right now the uptrend line from the March low would be broken. [Read more…]
Hit List 10-27-2009
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. [Read more…]
Bandit Broadcast for 10-27-2009
Good evening StockBandits!
Monday’s weakness carried over into today as the dip-buyers stayed again for another session. The DJIA, being only 30 stocks, was actually up slightly on the day thanks to solid gains by AXP and XOM. However, techs led the downside as the NAZ gave up a little more than 1%, while the S&P was off a couple points, keeping each of those indexes beneath the key levels of 2150 and 1074 that they broke yesterday. [Read more…]
Hit List 10-26-2009
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. [Read more…]
Bandit Broadcast for 10-26-2009
Good evening StockBandits!
The bulls arrived ready to roll as the new week began, and stocks pushed higher for a steady 30 minutes right out of the gate this morning. The initial strength saw some rest, but as bank stocks began to weaken, so did the market. Pretty soon, a sharp selloff ensued, erasing the early gains and taking the market well into the red where it remained for the rest of the day. [Read more…]
Hit List 10-25-2009
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. [Read more…]
