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.

NAV & KIM stopped, JAH & IOC added

Open Position Notes:

No open positions.

Closed Positions:

KIM head faked last week as it attempted to break out but couldn’t hold above resistance.  Instead, the stock fell back into its congestion area, and Friday’s weakness triggered my stop loss.  I’m now out of this trade with a 3.5% loss, which is disappointing after the quick turnaround.  Nonetheless, this stock isn’t acting ready to run, so I’ll take the loss and wait for a new pattern to set up before considering another entry.

NAV tried to break out last Thursday by poking through resistance, but here again this stock fell back into its consolidation zone.  I tightened my stop Thursday night because of the failed initial breakout, and my stop was hit Friday as weakness set in, handing me a 2.1% loss.  This one may need more time to consolidate, so I’ll leave it alone until it can exhibit better strength.

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.

NAV triggered & stop raised

Open Position Notes:

KIM spent another day in its consolidation zone after yesterday’s breakout failure sent the stock right back beneath resistance.  Today the stock lost a little ground, but volume decreased once again and my stop isn’t far from here.  I’m going to stick with it for now, but would prefer to see this one make another attempt at an upside move.  So far, it’s not impressing me.

NAV triggered a buy today as it nudged past resistance, but by the closing bell it had slipped back beneath the $41.40 key level by a few cents.  Volume didn’t help, as it was light, and that’s the fuel for a breakout.  I’ve tightened my stop to just beneath today’s low in case the failed breakout brings a reversal, but otherwise I do still like this setup and will see what happens 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.

STT stopped, KIM triggered

Open Position Notes:

KIM triggered a buy today as it crossed $14.25 to clear short-term resistance.  Volume was not very strong though, and by the end of the day the stock had returned to within a few cents of the resistance zone.  Today’s move does mark the highest close for the stock since September, so I’m willing to see if it can get moving a little better tomorrow before I look to make an adjustment on my stop.

Closed Positions:

STT triggered my stop loss today as it undercut the $43.90 level, handing me a small 2.4% loss.  This stock started out with a nice initial push higher after clearing $45, but Monday’s reversal quickly erased those gains and the stock headed lower.  I was keeping my stop pretty tight on this one given that the move prior to the consolidation phase had nice momentum, so a continuation attempt should mimic that price action.  However, it did not, so I’m now out of this trade with a small loss.  I’ll keep the stock on my radar in case it sets up again, but for the time being it appears to still be in a consolidation 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.

No changes

Open Position Notes:

STT edged slightly lower today, getting to within just 1 cent of my stop loss before climbing from its worst levels this morning.  This obviously validates that stop, so I’m sticking with it for now.  I did like the fact that today’s volume was lighter once again on the dip, so let’s see if this one makes an attempt to bounce from this support area in the coming days.  If not, of course I’ll exit once my stop is breached.

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.

PBR stopped, HOC triggered & stopped, KIM & NAV added

Open Position Notes:

STT reached a new recovery high early today, but reversed lower and finished in the red.  The positives from today in this one were that it did not trigger my stop, and that volume was lighter with today’s turn lower.  This may have been a headfake type of move, but given that my stop is only about 1% from current levels I’m going to stick with it heading into tomorrow and see if it can hold.  I do still like the pattern here, but today’s lack of follow through doesn’t make for a pretty bar on the chart.  Let’s see where it goes from here.

Closed Positions:

PBR turned higher this morning, stopping me out for a small 2% loss as it cleared the $49 level.  Not much later, the stock did reverse and turn lower, which is irritating to see after having been shaken out.  Nonetheless, abiding by my stop loss levels has saved me many dollars over the years, and there was no indication this time would be any different.  The stock is still struggling to overcome recent resistance, so I’ll keep it on the radar in case another well-defined entry appears on the chart.

HOC triggered a buy this morning as it cleared its bull pennant pattern with a breakout, but the strength was fleeting and the stock soon reversed hard.  Not only did it turn negative on the day, but it took out my initial stop loss.  This is known as a whipsaw to have a trade trigger an entry and soon be stopped out, and from time to time it happens.  It’s frustrating, but in this case I felt the risk/reward for the setup was worth taking.  I’m now out with a modest 2.3% loss and will stand aside from this one until a new pattern emerges.

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.

STT & PBR triggered, HOC added

Open Position Notes:

STT triggered a buy on Friday as it cleared the trend line at $45, opening the door for a new leg higher to begin.  Volume picked up with the advance in price, although the stock did finish off its best levels of the session.  Nonetheless, this appears to be a solid start, so I’ll stick with my existing trade parameters heading into Monday.

PBR triggered a short sale Friday as it undercut the rising trend line at $48, but ultimately the stock bounced back to finish back above that level and net positive on the day.  These failed-bounce candidates sometimes require some patience to change directions, so I’m going to leave my trade parameters as-is heading into Monday.  If the bounce continues, I’ll abide by my stop loss.

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.

FMCN & INFA stopped, STT & PBR added

Open Position Notes:

No open positions – currently 100% cash.

Closed Positions:

FMCN ran quickly higher on Monday and Tuesday, pushing through Target 1 to offer a nice chunk of partial profits on the first half of my position.  Yesterday’s price action indicated some short-term fatigue however, as the stock made a new high and finished negative on the session with increased volume.  My raised stop for remaining shares was triggered today as this one moved back down through $17, taking me out for a solid net gain of 6.1% on this trade.  Fast money is my favorite kind, and this one offered that.  I’ll keep it on the watch list in case it sets up again.

INFA cleared its trend line in timid fashion on Tuesday with price finishing off the session highs and volume lackluster.  I tightened my stop in order to reduce risk just in case the stock became weak, and today that raised stop was hit.  I’m now out of this trade for a very small 1.3% loss, and will wait for better price action before considering another entry in this one.  Sluggish breakouts are a sign of fatigue, so naturally I’m impatient with them.

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:

FMCN continued higher this morning, but did see some profit-taking which took it down from its best levels to finish down about 1% on the session.  It was able to hold 1 cent above my raised stop, which keeps me long the stock and also validates my stop.  I’ll stick with those same parameters heading into tomorrow, but it wouldn’t take much selling to check me out of this one.  It has already been good to me, so I don’t plan on giving back much ground on the 2nd half of this position.

INFA hit its best levels today since triggering an entry, and volume improved slightly.  It finished off its best levels of the day, but still in positive territory and in the green.  I’m still awaiting stronger volume and some better momentum, but have already tightened my stop and will stick with my existing trade parameters heading into tomorrow.

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.

LEAP stopped, INFA triggered, FMCN Target 1 hit & stop raised

Open Position Notes:

FMCN started out pretty well yesterday, but the volume failed to impress.  Nonetheless, it shot higher again today, pushing through Target 1 where I booked 1/2 profits for a quick 7.4%, and finishing only a short distance from its highs.  This one has now approached former resistance from December, so I’m going to tighten my stop aggressively in order to lock in a nice winner should it happen to reverse from here.  If it can push on through, we’ll see what it’s capable of in the days ahead.

INFA triggered a buy this morning as it cleared its trend line at $26.70, but it hesitated to keep running and ended the day just a few cents from that level.  Volume was also light on today’s breakout, which is a concern.  Because of this, I’m going to tighten my stop to just beneath today’s low, as a hesitant breakout is grounds for added caution.  Otherwise, I still like the overall setup and will be watching tomorrow’s action in this one to see if it can gather some strength.

Closed Positions:

LEAP truly leaped higher yesterday after triggering a buy, running more than 7% higher once it cleared the trend line.  It pushed through Target 1 where I took 1/2 profits, and attempted to make a run at Target 2, only to fall slightly short.  Last night I tightened my stop aggressively due to the close proximity to Target 2, and today I was stopped out of the trade at my raised stop.  This leaves me with a 4.5% net gain, which is nice for a 2-day trade, so I’ll take the money and run.  The stock showed no follow through today and actually ended up giving back about 1/2 of yesterday’s move.  I’ll keep it on the radar in case it sets up for another play, in which case I’ll re-list it, but for now I’m out with a quick profit.

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.

LEAP triggered, stop raised, Target 1 Hit.  FMCN triggered & stop raised. FLS & WYNN removed, INFA added

Open Position Notes:

LEAP triggered a buy this morning as it crossed the trend line at $17.85, and it never looked back.  Volume picked up along with the strength, pushing the stock to new recovery highs from its November low.  Today’s move took the stock not only through Target 1 where I booked 1/2 profits for a quick 4.5%, but it also nearly reached Target 2.  I’ve raised my stop tonight rather aggressively given the short distance from here to Target 2, and in order to lock in a solid winner should today’s move happen to falter, but so far this one is acting great.

FMCN triggered a buy this morning as it cleared its trend line at $16.20, and although it was able to push solidly higher, the volume wasn’t quite what I’d have liked to see.  Nonetheless, the stock is showing nice relative strength and turning higher after a multi-week pullback, so I’m going to tighten my stop to today’s low and see if it can build on today’s strength.

Closed Positions:

No closed positions.