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.

EJ stopped, 100% cash tonight

Open Position Notes:

No open positions.

Closed Positions:

EJ hit my stop today to take me out for a modest 2.1% loss.  Monday’s failed push through the trend line proved to be telling, as today the stock turned lower to exhibit relative weakness to the overall market.  I’m out for now, but am going to keep an eye on this one in case it begins to act stronger once again.  I liked the setup for another push higher, but a downside reversal after a trend line break simply doesn’t justify a position in the stock 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.

ATPG closed, EJ triggered

Open Position Notes:

EJ triggered a buy this morning as it cleared the trend line at $19, and initially it found some follow through.  However, the stock sagged soon after, slipping back beneath the trend line by the closing bell.  This gives today’s attempt at a breakout the look of a failure.  While many of the first-day failures like this end up getting stopped out, some of them do go on to make good moves.  My stop isn’t far below, so I’m going to leave it as-is heading into Tuesday and see what happens.

Closed Positions:

ATPG vaulted higher today, moving easily through Target 1 on the way up (where I closed 1/2 my position for a 5.8% gain).  It neared Target 2 late in the day, but with the market starting to falter a bit and the stock getting somewhat extended, I decided to close out the 2nd half at $15.35 for 11.6%.  This gives me a net 8.7% gain for the trade in just a few days time, which is great.  I’ll keep this one on the radar in case it sets up again for another run.

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.

EJ added

Open Position Notes:

ATPG turned solidly higher on Friday after stalling for a couple days following its trigger.  Friday’s move took it above the recent consolidation area, and I’m now looking for a push to Target 1 in the next couple of sessions.  If and when that level is reached, I’ll then look to make an adjustment to my stop.  So, it has taken a couple of days to get going, but I like the action at this point and am staying with it for now.

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.

TIE stopped

Open Position Notes:

ATPG spent much of the day not far from Wednesday’s closing levels, with the exception of a mid-day slide which took it down nearly to my stop loss.  That level was held though, and this stock ultimately recovered from the dip in the afternoon.  I had planned to raise my stop if today this one showed hesitation, but the session low is just a dime above my current stop, so I’m leaving it as-is heading into Friday.

Closed Positions:

TIE gapped higher this morning, only to reverse and move into negative territory where it stopped me out for a 2.9% loss.  This is yet another head fake from what was a sound setup, which is disappointing, but a reminder to avoid breakout-type plays for the time being.  Given that this one cleared resistance and simply failed, I’ll avoid it for the time being.

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.

ATPG triggered

Open Position Notes:

TIE moved higher off the open today, getting within $0.10 from Target 1, only to reverse and finish negative on the day.  I’m going to give this one a bit more time to see if today’s reversal is simply a headfake, so I’ll leave my stop as-is heading into Thursday.

ATPG triggered a buy today as it cleared the trend line shown in last night’s Broadcast at $13.75, and initially it moved well above that zone.  However, it backed off its best levels of the day to finish just slightly below the trend line.  Volume picked up only slightly with today’s strength, but not nearly as much as I would like to have seen.  I’m going to give this one another day to see if follow through arrives, but if it shows hesitation again, I’ll most likely look to raise my stop.

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.

ATPG added, TIE triggered, DRI stopped

Open Position Notes:

TIE triggered a buy today as it moved up through short-term resistance at the $20.55 level.  This one had backed away significantly on Monday, but I left it on the list in case it happened to return to strength in this fashion.  I liked today’s pickup in volume as well, and although it finished just a few cents above my trigger, it looks good for a continued push higher in the days to come.

Closed Positions:

DRI kept trying to break down in recent days, but just couldn’t get it done.  After a pair of inside days, it seemed last night as though the stock was gearing up for a move one way or the other.  Today we saw that indecision resolved to the upside as the strong market gave this one a lift.  I stopped out for a tiny 1.1% loss, which isn’t bad considering how stubborn this one was to move lower.  I’ll leave it alone for now, as it just doesn’t want to go and has no clear-cut pattern here.

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.

RYL stopped

Open Position Notes:

DRI posted its second straight inside bar today on the daily chart, staying within the confines of Friday’s trading range.  Today’s action surprised me in this stock though, as it had been showing some relative weakness, and then today in a weak market setting it simply held its ground.  I’ve tightened my stop for this one tonight in order to reduce my risk in this trade, but am still leaving it a bit of room to fluctuate if needed.

Closed Positions:

RYL triggered a buy on Friday, gapping slightly through my intended entry and only carrying a slight distance beyond that before reversing.  From there, the stock struggled, slipping lower into today to trigger my stop and take me out for a 3.6% loss.  Head fakes like this one are disappointing, but I still liked the risk/reward this setup offered.  I’ll keep it on the radar in case it sets up again, as I do think this stock has based sufficiently for a nice run from current levels if it is able to gather a little attention.

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.

RYL triggered, TIE added

Open Position Notes:

DRI edged higher on Friday in a rebound effort from Thursday’s lows, but the upside volume that accompanied it was quite poor.  I continue to like the overall price action in this stock, and am sitting tight in expectation of another decline.  Minor bounces on light volume and heavier declines on higher volume is just what I want to see, and so far, so good.  I’ll wait for better follow through before looking to make an adjustment to my stop.

RYL triggered a buy on Friday as it cleared resistance early in the session, actually gapping slightly through my intended price (as per the price shown in the grid below).  From there, the stock struggled to show any follow through, quickly falling back beneath resistance to finish negative on the day.  This kind of failed initial breakout is never an encouraging sign, but with a stop loss not far away, I’m going to stick with this one for now and see if it’s able to firm up in the coming days.  Should it happen to hit my stop, I’ll certainly abide by that and exit accordingly.

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.

RYL added

Open Position Notes:

DRI made new correction lows today since I entered this trade, finishing further beneath the trigger by today’s close.  The stock did bounce off its worst levels of the day, as did the market, but overall I continue to like the action in this stock.  A little acceleration here on the downside would go a long way, so let’s see what happens.  I’m sticking with my existing trade parameters 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.

No changes

Open Position Notes:

DRI continued lower today, showing more relative weakness to the overall market.  I’m encouraged by this price action, and am looking for a move toward Target 1 in the next couple of days.  I’d like to see how the stock acts if Tuesday’s low ($42.72) is taken out tomorrow, but all in all this one is acting as it should so far and I like today’s decline on increasing volume to move back into the green as a short sale for me.  No changes yet to my stop.

Closed Positions:

No closed positions.