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.

SLW Target 1 hit, stop tightened

Open Position Notes:

NTES pulled back this morning and nearly stopped me out, bottoming for the day just a few cents above my stop loss level and turning higher from there.  The stock was able to finish nicely higher by the end of the day, which is positive.  Today’s dip also validates my stop loss, so I’m going to stick with it for now and see if this one can gather some upside momentum.  If not, I may look to make an adjustment in the days to come.

SLW continued lower today to take out Target 1, where I closed out 1/2 my position for a solid 4.7% gain.  It then moved right toward Target 2, getting within just a few cents before bouncing back slightly.  I’ve tightened my stop for remaining shares tonight so that if the bounce continues, I won’t give back much.  Otherwise, I’ll be watching for a move to Target 2 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.

SLW stop tightened

Open Position Notes:

NTES finished lower last week after triggering a buy with a move up through resistance.  The breakout came on lackluster volume, leaving it vulnerable to failure, and then the market weakness arrived to keep it beneath that level.  This one is just a short distance from my stop loss, so I’m going to see if it can rally tomorrow and get back up to higher levels.  If not, I’ll stay with my stop loss and stand aside if I get taken out.

SLW rolled over nicely last week after breaking below the bearish rising wedge pattern it had built on the daily chart.  This one is moving toward Target 1, so my plan is to see if it can move through that level and then tighten my stop aggressively once that happens.  I’ve moved it to breakeven for now as a way to reduce risk in the trade, so let’s see what Monday brings.

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.

AGP stopped, SLW triggered

Open Position Notes:

NTES turned lower today with a sharp downside move right off the open.  The stock was able to stabilize from there, however, leaving it above my stop loss level for now.  Today’s move may have been of the shake-out variety, so with my stop not far away, I’m going to stick with my existing trade parameters to see if this one can reclaim the resistance level it cleared on Tuesday.  For the moment it appears to be a failure, and if so, that’s what my stop is there for.

SLW triggered a short sale today as it undercut the lower trend line of its wedge pattern at $19.10.  The market held up pretty well though, and that may have prevented this one from showing more weakness.  It finished flat on the day, just a short distance from my trigger, so I’m going to stick with my existing parameters for this trade until I see some more movement occur.

Closed Positions:

AGP surged higher today to reclaim former support, stopping me out for a 3.1% loss.  Today’s move up was a decisive one, and it negates the bearish pattern I had been playing, so I’m out for now and will wait for 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.

NTES triggered, SLW added, IR removed (pattern negated)

Open Position Notes:

AGP climbed higher today with the market, taking it up nearly to my stop loss level before backing away to give back a fair portion of its early gains by the closing bell.  Today’s action validates my stop level, so I’m going to stick with that for now and wait to see if this one can resume its downward trend before looking to make any adjustments.

NTES triggered a buy today as it cleared resistance at $34.20, and the stock was able to move a bit higher but not much.  While today’s move up through resistance was positive to see, I’d like to see follow through rather soon in this one.  A positive aspect of this setup is that it sure isn’t short-term extended like many other stocks are right now, so it has freedom to move higher if the buyers will stay interested.  I’m going to let it play out a bit more before I look 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.


AGP triggered, IVN removed (pattern negated), IR added

Open Position Notes:

AGP triggered a short sale today as it undercut the rising trend line which had been providing support in recent days.  Volume picked up with today’s move lower, and although it finished only a few cents below my trigger price, I was pleased with the relative weakness it showed.  I’m going to stick with my existing trade parameters heading into tomorrow, and will let this trade develop further 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.


NTES, AGP, IVN 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.

BIDU removed (pattern negated, no trigger)

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.


BIDU 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.

FAST stopped, 100% cash

Open Position Notes:

No open positions.

Closed Positions:

FAST gapped lower this morning with the broad market weakness, moving slightly through my intended stop to take me out on the open for a 3.2% loss.  While it’s disappointing to get checked out of a trade just a day after entering, this one did continue lower as the day progressed.  Intense selling pressure in the overall market is a difficult thing to fight, so I’m now back to cash with this one continuing its pullback phase.

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.


FAST triggered, CTRP removed (acting too weak for entry here)

Open Position Notes:

FAST triggered a buy today as it moved up through the trend line at $52.75, but poor volume on the session and a lack of market strength left this stock acting sluggish by day’s end.  I don’t mind giving it a little more time before making any adjustments, as I’d like to see how it responds if and when the market is able to turn higher.  For the moment though, I’m slightly underwater but staying patient.

Closed Positions:

No closed positions.