Swing Trading and momentum investing stock pick newsletter and swing trading service.
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 & CTRP added
No open 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
DPS stopped
No open positions.
DPS gapped lower this morning to trigger my stop, skipping slightly through my intended exit due to an analyst downgrade. This one was acting pretty sluggish anyway since triggering, as I’ve noted here, so I’m out with a 2.6% loss. It’s been a mixed bag in recent days for swing trading, with a couple trades getting stopped out and a couple trades moving all the way through their Targets. Nonetheless, it’s been another nicely positive month thus far, and I’m now back to cash tonight.
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.
HOG & CNW Targets Reached
DPS turned lower today on increased volume to slip back into the red, and this action isn’t very good. The stock did stop short of stopping me out, but that’s a real possibility heading into tomorrow. My risk here is limited, and the past couple of advances in the stock were sizeable, so I still felt the trade was worth taking. If I’m stopped out tomorrow, I’ll move aside and wait for better strength to emerge in this one before looking to reenter. For now, it’s hanging on by its fingernail, so perhaps it can rebound some tomorrow.
HOG continued lower today with increased downside volume, moving through Target 1 right off the open where I booked 1/2 my profits for a quick 4.2% gain. The weakness persisted though, taking it down through Target 2, allowing me to close out the 2nd half of my position for a 7.8% gain. So, I’m now out of this trade with a solid 6% winner in just a few days, and will now stand aside and wait for a new pattern to emerge, as this one’s starting to get a bit stretched to the downside.
CNW broke down hard today, accelerating the modest decline which began last week with the break of the rising trend line. Today’s move took this one down through Target 1, where I closed 1/2 my position for a 4.5% gain. It then took out Target 2, where I booked the remainder of my position for 8.1%. On a net basis, this one gave more than 6.3%, and I’m now out with a solid gain after just a few days of movement. There’s still some room for lower prices, but I felt it was best to utilize today’s weakness and book the quick winner.
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.
JLL & ALB stopped
DPS ticked slightly higher today to reach its best level in a few weeks, but volume wasn’t quite strong enough to really provide some stronger momentum. This one is in the green since clearing its trend line last week, but I’d like to see some acceleration soon to maintain conviction in the trade. If that doesn’t happen, I’ll look to tighten my stop rather aggressively or possibly just close out the position.
HOG continued lower today to further confirm the broken rising wedge from last week, and I like the price action in this one quite a bit. Target 1 was nearly reached today, so I would expect to see that level crossed tomorrow. I’ve tightened my stop tonight, but am still allowing this one some room to fluctuate. Also note I have designated Target 2 on the list above.
CNW attempted to bounce this morning but gave back those gains and finished in the red on the day. The failure to finish strong is encouraging to see, particularly after the trend line break last Thursday, so I’m still on watch for some downside continuation in this one, as there’s plenty of room to slide.
JLL gapped higher this morning to trigger my stop loss, taking me out of this trade as the stock pushed beyond its descending channel. I’m now out of this trade with a 2.7% loss, which is somewhat irritating given the fact that this one returned to negative territory this afternoon due to the weak morning volume. Nonetheless, I do respect the trade parameters I set out for trades, and ignoring stop loss levels isn’t something I want to make a habit of. I’ll keep this one on watch in case it starts heading back down within its channel.
ALB gapped up and rallied early in the session to break out of its multi-week trading range, triggering my stop loss to take me out of this trade for a 2.8% loss. The loss itself isn’t as disappointing as was the price action soon after, as this stock reversed back down to fill the morning gap and return to its trading range. This one still looks vulnerable to lower prices, particularly after today’s fake-out move, so I’m going to keep it on the radar for a possible re-entry if it settles down a bit and begins to weaken.
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.
JLL, CNW, ALB triggered
DPS had advanced for 6 straight sessions going into Friday, and so a rest was to be expected. With the overall market not doing much, this one put in a little rest with a minor pullback. I’m leaving my existing trade parameters in place for now, allowing it some room to wiggle while waiting to see if the recent breakout can find some follow through.
HOG turned lower again on Friday after Thursday’s minor bounce attempt, and that’s encouraging to see. Volume also picked up with the decline in price, showing more participation on the downside than on the upside. I’m pleased with how this one is acting so far, and am waiting for continuation toward Target 1 before looking to make a stop adjustment or designate Target 2.
JLL edged slightly higher on Friday, but continues to respect the upper end of its trading range after a light-volume bounce to resistance. A turn lower from this area would be ideal, so I’m watching for that scenario to play out over the coming days. If not, my stop is in place and I will respect a breakout.
CNW backed off slightly more on Friday, but it was an inside day on the chart. Typically these tend to be continuation bars, which in this case would point to additional weakness on the day due to Thursday’s decline. For now, the lower high is still in place, so I’m staying short with my existing trade parameters as we head into Monday.
ALB continues to linger right near my entry as it hovers beneath the top end of its trading range. I’m waiting for continuation to arrive with a multi-day low, so a move back down through the $42.15 area may be what it takes to invite more selling pressure. Trading range reversals like this can sometimes require a little time before they get moving, so I’m staying patient while waiting for my move.
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.
JLL, CNW, ALB triggered
DPS inched higher today to produce not only a little follow through but also some improvement in volume, just as I had hoped. The gain on the day wasn’t impressive by any stretch, but it is challenging yesterday’s highs and could see some upside acceleration if it’s able to get a little further from the trend line it just broke. Sticking with my existing parameters for now.
HOG had a nice breakdown yesterday and was able to break those lows today, only to rebound a bit by the closing bell. This one still looks weak to me and in danger of lower prices, so I’m not making any adjustments heading into Friday.
JLL triggered a short sale today as it moved down through $73 to turn away from the upper channel line. I like the fact that resistance is being respected, so now the key will be if this one can pull back deeper into the channel and pay me. Today’s finish in the red is encouraging, but I would like to see more in the coming days.
CNW triggered a short entry as it undercut its rising trend line at $33, and volume picked up slightly on the move lower. Today’s slide shows some nice relative weakness to the market, so let’s see if some follow through comes along. I like the start so far, and will look for a deeper pullback before looking to make any adjustments to my stop.
ALB triggered a short entry today as it broke the $42.60 level to mark a multi-day low. This stock has shown a recent history of quite a few high-volume distribution days, and while today’s volume wasn’t high, it was elevated and that is in keeping with the recent character of the stock. Price looks to be rolling over here after nearing the upper end of the range, so follow through will be the key going forward. Good start so far.
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.
DPS & HOG triggered, JLL, CNW, ALB added
DPS triggered a buy today as it cleared the trend line at $38.10, and although it backed slightly off its highs of the day it still finished positive. Price is now flirting with prior highs from 3 weeks ago, and I expect this one to move somewhat steadily, so today’s start isn’t bad. I’d like to see follow through and some improvement in volume, but otherwise I still like this trade.
HOG triggered a short entry today as it broke down from its rising wedge pattern on a slight pick up in volume. This one showed some nice relative weakness to the overall market today, which is encouraging, so I’m going to stay with my existing trade parameters for now.
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.
WHR & MAN removed (patterns negated), DPS & HOG added
No open 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.
WHR & MAN added
No open 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.
BIG stopped
No open positions (100% cash).
BIG hit Target 1 yesterday and bounced, and with the market looking poised for a possible rebound, I tightened my stop aggressively last night for remaining shares. Today that stop was hit as the stock rallied this morning along with the market, taking me out for a solid net gain on the trade of 3.5% in just a couple days. Staying nimble is key in the current environment, as the moves have been very reversal-prone. So I’m out for now and will await new patterns before looking for another entry.
