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.

CYH triggered

Open Position Notes:

CYH triggered a short sale today as it undercut a rising trend line, but after some initial weakness, it reclaimed the trend line.  The stock did validate my stop level as it challenged short-term resistance, but held beneath that level, which is encouraging.  I’d like to see some downside follow through soon, but for tomorrow will stick with my existing trade levels.

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.

CYH added, SMN removed (pattern not confirming)

Open Position Notes:

No open positions, 100% cash.

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.

SMN added, ECA removed (pattern not confirming)

Open Position Notes:

No open positions, 100% cash.

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:

No open positions, 100% cash.

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:

No open positions, 100% cash.

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.

ECA added

Open Position Notes:

No open positions, 100% cash.

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.

100% Cash

Open Position Notes:

No open positions.

Closed Positions:

INTU opened higher on Friday along with the overall market, but after some initial strength began to fade.  For a stock which was showing such great momentum in August, I had been expecting this one to recapture some of that momentum if the market could strengthen.  Well, we just saw an excellent 3-day market move, and this one lagged.  So on Friday as strength was starting to get sold, I closed this position out at $44.10 for a $1.20 winner, or a 2.8% gain.  That’s not bad, but it wasn’t what I had expected to see.  Anytime a stock should be exhibiting stronger momentum and for some reason is not, it’s a sign to lighten up at the very least.  And with the indexes having reached key resistance zones, I opted to close this one out and head into the long holiday weekend in cash.

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:

INTU continued higher today with another solid gain, and now the only level overhead is the high from two weeks ago.  I’m pleased to see this one showing follow through by leaving the consolidation zone behind it, so let’s see if Target 1 can get hit ahead of the weekend.  If so, I’ll look to take 1/2 profits and then make an adjustment to my stop for remaining shares ahead of Tuesday’s session.  Good price action so far though.

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.

LLL & ZMH stopped

Open Position Notes:

INTU showed some nice strength today alongside the market, and I was most encouraged by the fact that it made a multi-day high to start clearing the consolidation area of the past week.  I’ll be on the lookout for a push to Target 1 in the days to come, but after a couple tests of support in recent sessions, it’s nice to see this one moving higher.

Closed Positions:

LLL turned higher today to hit my tightened stop, taking me out of my remaining shares.  My net on this trade was 3.2% gain, which is fair for a slower mover like this one.  I feel good about how the trade was managed, and it’s nice to walk away with a solid gain after a sharp turnaround like we saw today.  I’ll now stand aside from this stock and wait for a new pattern to set up before considering another entry.

ZMH gapped higher this morning and continued to advance, taking me out of this short sale for a modest 1.9% loss.  While the loss is disappointing, particularly given the weak finish in the stock today, I don’t want to be caught short in a market which may be pivoting higher.  So, I’m out for now and will wait for a new pattern to emerge before taking another look at this one.

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.

ZMH triggered

Open Position Notes:

LLL declined further today to reach new correction lows, and although it bounced from its worst levels of the day, I am very encouraged by this price action.  This trade has already reached Target 1 (where I closed 1/2 to book gains), and now it’s heading lower toward Target 2.  I’ve adjusted my stop for remaining shares again tonight, leaving it a bit of room to fluctuate if needed, but the new lows today bode well for this short.

INTU displayed some nice relative strength today, holding above support on a morning test (which again validated my current stop), and rebounding nicely to finish green on the day.  This one is holding up well, but needs to turn higher from this consolidation zone if it’s going to run.  I’ll stick with my existing trade parameters for Wednesday.

ZMH triggered a short sale today as it broke the lower trend line of a bearish wedge pattern at $47.30, and despite some afternoon market strength this one stayed nicely negative.  This is a fair start for this short sale, so I’m going to leave my trade parameters as-is for now while waiting to see some follow through in the coming days.

Closed Positions:

No closed positions.