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.

UA, TIF, PBR, LAMR triggered

Open Position Notes:

UA triggered a short entry for me today as it undercut the rising trend line at $25.40.  Volume picked up slightly with today’s selling, so the stage is now set for this to confirm a lower high.  I’m going to leave my stop loss as-is and see if this one can make further progress before looking to adjust.

TIF triggered a short sale for me today as it undercut its rising trend line at $43.10.  This one appears to be rolling over on the daily chart, but so far hasn’t made a lot of progress from my trigger price.  I’m going to leave my stop loss as-is for now and see if some follow through arrives in the next couple of days before I look to adjust it.

PBR triggered a short entry today as it undercut its rising trend line at $42.10, and volume picked up substantially with today’s selling.  This opens the door for continued weakness in the days ahead on a technical basis, but I realized this evening that earnings are due out on Friday of this week.  For this reason, I’m moving my stop loss to breakeven, and will look to exit on weakness sometime during the next 2 sessions.  Watch for an update on Twitter, email, or here in the comments.

LAMR triggered a short sale for me today as it broke its rising trend line at $30.20, and volume picked up on this one today as well.  Technically it now looks poised for additional weakness, but I realized this evening that earnings are due out on Thursday morning before the opening bell.  For this reason, I’m moving my stop loss to breakeven, and will look to exit intraday on Wednesday.  Watch for an update on Twitter, email, or here in the comments.

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.

TIF, PBR, LAMR 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.

UA 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.
SHLD removed (did not participate in market bounce, no longer interested)

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.

No changes

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.

SHLD 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.
No positions – 100% cash

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.
No Positions – 100% Cash.
JAH stopped

Open Position Notes:

No open positions.

Closed Positions:

JAH turned lower this morning along with the market, triggering my stop loss right on the open to take me out of my final position for a 2.2% loss.  Yesterday that level had been validated as support with the stock bouncing from there, but today it was undercut decisively, leaving this stock with no tradeable pattern.  I’m out with a manageable loss, and will leave this stock alone until a new pattern is able to emerge.

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.

IOC stopped

Open Position Notes:

JAH turned lower today along with the overall market, getting to within just a few cents of my stop loss before stabilizing.  From there, it was able to rebound some, giving it a little better cushion heading into tomororrow.  Nonetheless, this one has yet to confirm the pattern with a close beyond the trigger price, so it still has a lot to prove.  My stop will stay in place heading into tomorrow, as today’s low validates it.  Hopefully we’ll see some better volume kick in as well.

Closed Positions:

IOC had news this morning of an oil discovery which sent the stock running higher in the pre-market and ultimately gapping higher once the stock opened for trading.  I was stopped out right after the opening bell ($75.35), even though the stock dropped a couple of points for a brief time right after that.  It recovered quickly though and spent the rest of the day deep in positive territory.  Sudden unexpected news of this nature can be frustrating when it interferes with the technicals, but that’s part of trading and it will happen from time to time.  We also know that over time we’ll catch some favorable news as well, which helps it all even out.  Nonetheless, I’m out of this trade with a 1.8% loss and will avoid it for now due to the pattern failure.

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.

JAH & IOC triggered

Open Position Notes:

JAH triggered a buy today as it cleared the $32 level, turning higher after its recent pullback within the overall uptrend.  Today’s action was mildly positive in that the stock did participate with the overall market strength, but slightly muted in how far this initial bounce day was able to carry.  I do still like this play as a turnaround candidate, as support has held and the stock is now moving higher again.  Today’s volume was rather light though, which means I’ll be watching this one a little closer on Wednesday in case an adjustment is necessary.  For tonight, I’m making no changes.

IOC triggered a short sale today as it gapped lower and slightly through my intended trigger price, opening at $74.01.  I still took the trade (in accordance with the swing trading strategy), and it is off to a fair start.  The stock nearly hit Target 1, getting to within just 13 cents of it before bouncing, but ultimately it does appear to be rolling over from the consolidation, so follow through will be the key.  I have tightened my stop tonight in order to reduce some risk in the event of a reversal, placing it not far above today’s high as we head into tomorrow.

Closed Positions:

No closed positions.