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.

RCII closed – 100% cash

Open Position Notes:

No open positions – 100% cash.

Closed Positions:

RCII continued lower this morning as it gapped down, opening a few cents below Target 1 where I closed 1/2 my position for a nice 4.2% gain.  From there, the stock ticked only slightly lower before reversing back up, hitting my adjusted stop from last night to take me out of my remaining shares at breakeven.  So, I’m out of the position with a net gain of 2.1%.  It’s not impressive, but for a stock to have changed directions so sharply as this one did today, I’ll take it.  At this point I’ll wait for a new pattern to set up 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.

APKT stopped, OPEN removed (pattern negated, no trigger), RCII stop tightened

Open Position Notes:

RCII continued lower today as it undercut Tuesday’s low, getting within just 5 cents of Target 1 before bouncing slightly into the close.  This stock is acting weak, and I’m encouraged by the price action here.  I’m going to be looking for a move down through Target 1 tomorrow, and have adjusted my stop tonight to breakeven for this trade now that it’s getting underway.  That leaves it some room to bounce and/or fluctuate if need be for Thursday.

Closed Positions:

APKT made a quick attempt to head higher off the open this morning, but quickly turned lower and never looked back.  The stock undercut Tuesday’s low and then hit my stop to take me out for a 3.2% loss.  I’m glad to be out, as the stock has now technically broken down and continued to come under pressure for the remainder of the session, shedding nearly 7% on the day.  I’m out and will leave this one alone for a while due to today’s abrupt change of character.

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.

RCII triggered

Open Position Notes:

APKT made a multi-day high this morning, only to reverse into negative territory where it stayed for the remainder of the day.  The stock tested multi-day lows and held, but stubbornly sat in the red while the NAZ continued to grind its way higher.  Today’s action in the stock sends some mixed signals in that I would have expected to see this stock rally with the market today, and yet it didn’t break down when given the chance to.  I’m going to stay with my existing parameters heading into Wednesday’s session, paying particular attention to the range of the past 5 sessions.

RCII triggered a short sale today as it broke the lower rising channel line to begin a new leg lower.  The stock finished off its worst levels of the day, but still below the trend line, which is most important to me.  Volume also picked up with today’s selling, indicating some urgency by some folks to exit on this technical breakdown.  I’m going to leave my trade parameters as-is for tomorrow while waiting to see if this one can show some follow through and head toward Target 1.

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.

OPEN & RCII added

Open Position Notes:

APKT recovered nicely on Friday from a slippery start as it tested the downside early in the session before finishing essentially flat on the day.  Although I would have preferred to see a rally in the stock alongside the overall market, I did like how it battled back.  The daily chart still looks poised for further upside, and Friday showed there are dip-buyers in the stock, so I’ll stick with it for now before looking to make any adjustments.

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.

APKT triggered

Open Position Notes:

APKT triggered a buy today as it cleared the $61.50 trend line to start moving higher out of its short-term narrowing consolidation.  Volume improved slightly with today’s advance, and the stock closed above the breakout zone despite weakness in the overall market.  That’s encouraging, but in a perfect world we’d have seen the stock finish closer to its highs of the session along with above-average volume (even though it did expand).  All in all, the stock held up well today, so I’ll stay with my existing trade parameters heading into Friday to see if it can show some follow through.

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.

APKT 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.

KKR & ATML closed – 100% cash

Open Position Notes:

No open positions.

Closed Positions:

KKR pushed through Target 1 on Thursday, and Friday started out with some strength as well with the stock making a new high.  However, the volume sagged, and once profit-taking kicked in, it made for a negative reversal in the stock.  I had raised my stop for remaining shares to $15, and that stop was hit to take me out of the trade for an overall net gain of 3.4%.  Not bad for a few days, and the stock remains healthy so I’ll keep it on the radar in case it sets up again.

ATML gapped higher on Friday again, and quickly hit Target 1 on its way higher.  I closed 1/2 my position there, and not too long after the stock ran right to Target 2, allowing me to book remaining profits right where it topped out there for the day.  Overall, this trade produced a quick gain of 8.6%, so I’m out and pleased.  Technically, it behaved great with strong volume and a steady run all the way to the measured move out of the ascending triangle pattern.  They don’t get much better than that!

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.

KKR & ATML stops raised

Open Position Notes:

KKR spent most of the day in a narrow range, and much of the time in negative territory.  But late in the day, the stock pushed through to positive territory and went out just a few cents from its highs.  My raised stop from last night was also respected, which was encouraging.  The stock looks ready to accelerate any day now, so I’ve raised my stop again for remaining shares tonight in case it happens to weaken, which would allow me to book a solid gain.

ATML gapped higher this morning and held up nicely, giving back only a little ground from the morning highs.  I’ve raised my stop for this one tonight as well, as it’s holding above the breakout zone nicely and at this point I wouldn’t want to stick with the trade should today’s gap happen to fill entirely.  Let’s see if it can head toward the Targets in the coming days.

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.

KKR Target 1 hit & stop raised, ATML stop raised

Open Position Notes:

KKR headed lower this morning, stopping just 5c shy of hitting my stop.  That level was clearly valid, as the stock then turned and rallied sharply higher, hitting Target 1 to take me out of 1/2 my position for a quick 4.1% gain.  I’ve raised my stop tonight for remaining shares to just beneath intraday afternoon support, and otherwise will be watching for follow through toward Target 2 in the days to come.  Nice volume pickup today, but particularly the price action was solid.  So far, so good.

ATML rallied today on more strong volume, although it was slightly beneath yesterday’s levels.  The stock made its progress mid-morning, and then consolidated for the final few hours of the day.  That could lead to some follow through tomorrow if the consolidation is resolved to the upside, so I’ll be watching for some acceleration higher if today’s high gets cleared.  The stock is marking new highs, and that’s encouraging.  I’ve raised my stop a bit tonight to just beneath today’s bar in order to reduce my risk now that the stock is trying to get going.

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.

KKR & ATML triggered

Open Position Notes:

KKR triggered a buy today as it crossed the trend line at $14.60, but the stock slipped enough to fill most all of Monday’s gap.  That was a healthy move, and it also held above my stop, helping to validate short-term support.  The stock rallied back enough to finish down only a few cents on the day, so while I don’t like the failed breakout attempt on day 1, I do appreciate the technical action and the rebound from the day’s lows.  I’ll give it at least another day or two to see how it responds before looking to make any adjustments.

ATML triggered a buy today with a push through $12.70, and this stock was also able to shake off a test of the downside with an afternoon rally which took it out at the highs of the day.  Volume picked up with today’s breakout, so I’ll be watching for follow through in the days ahead, keeping my stop as-is heading into Wednesday.

Closed Positions:

No closed positions.