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.
LEAP, FMCN, FLS & WYNN added
No open positions – currently 100% cash.
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.
CBT & VNO closed
No open positions – 100% cash.
CBT tried to make some upward progress today, but couldn’t hold onto the early strength. Ultimately it slipped enough to trigger my stop loss, taking me out for a 3% gain. This one was never confirmed by volume and the move up was sluggish, making it not very trustworthy. With that being the case, I’m pleased to have closed it out for a winner. I’ll keep it on the radar in case it sets up again though.
VNO never showed the follow through I would have expected after a breakout from its bullish consolidation, so I tightened my stop last week in order to reduce risk. On Friday, the stock dipped and took me out for a modest 1.4% loss. This one isn’t ready to run, but I’ll keep it on watch in case it is able to exhibit some 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.
MDVN closed
CBT had some pre-market prints below my stop loss level, but never traded down to the $25.80 level once it opened on the NYSE. Stops with my broker are based on the primary exchange, in this case the NYSE, so I am still in this position. Today’s action was very dull, although the stock was able to post a minor gain and exhibit a little bit of relative strength. Overall though, it was a day of rest. I’ll stick with my existing stop heading into tomorrow, as I still plan to keep it tight given the lack of strong upside volume since the breakout.
VNO slipped a little today, but no technical damage was done. Overall, this one did a pretty nice job of shaking off the widespread market weakness and holding up rather well. My stop did not change tonight, as I’m giving it a little breathing room while waiting for some follow through to arrive. If not, I’ll be looking at a small and manageable loss.
MDVN climbed early in the session to push through Target 1 where I booked 1/2 profits for a solid 5.9% gain. It then reversed and turned lower. The stock was able to rebound from its worst levels, but not before triggering my stop loss right on the number to stop out my 2nd half. Getting taken out on the low of the day is irritating, but this one still paid me well. I’m now out of this position with an average gain of 4.8%, a pretty decent winner during a time when the overall market remained range-bound. Volume never really confirmed the advance (as discussed last night), so I kept it tight and am pleased with the result. I’ll wait for a new pattern to emerge before considering a reentry.
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.
CBT & MDVN & VNO stops tightened
CBT showed some nice relative strength the past couple of days, but today it put in some rest, giving back only a few cents. This one has been rather sluggish and with the exception of Tuesday, volume has not confirmed this move. As a result, I’m going to stick with it and watch for follow through, but with a pretty tight stop as of tonight in order to lock in some gains should this one happen to fade. The slow move higher on generally light volume is not a look I trust very much.
MDVN opened slightly higher today and quickly added to the early gains, running right up within 4 cents of Target 1 before backing off slightly and spending the remainder of the session in a narrow range not far from the highs. Today’s move is good follow through with the stock now reaching new recovery highs, and it bodes well for continuation in the days ahead. With Target 1 very close by and with volume still not confirming this advance, I’m tightening my stop aggressively tonight.
VNO spent the bulk of the day in positive territory, although it never really showed much momentum. Volume was rather quiet as well, so I’m still waiting for follow through here. I’ve adjusted my stop loss tonight to bring it up a little tighter, requiring a multi-day low to occur in order to take me out. However, if the stock will turn higher from here it will be irrelevant. A solid push through $71 is likely what it’ll take.
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
CBT shrugged off today’s market weakness and continued higher by another 2.5% to build on its breakout. While I like the follow through this one is finally starting to show, I particularly liked the increased volume which accompanied today’s climb. My stop will remain as-is heading into tomorrow in order to give this one some room to fluctuate. If it exhibits additional strength, I’ll look to make an adjustment.
MDVN tested the highs again today but couldn’t bust through them. Instead, it gave up a little ground on light volume, essentially respecting yesterday’s trading range. I still like this setup and the potential it holds, and I’ve already adjusted my stop, so I’ll stick with my existing parameters for this trade heading into Wednesday.
VNO posted an inside day on light volume today, pulling back to test the breakout zone. Although I’d have rather seen it sprint higher, this is probably healthy action and thus far is not cause for alarm. I’m sticking with my original stop loss for now, but will be on watch for strength to resume soon.
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.
VNO triggered, CBT & MDVN stops tightened
CBT gapped higher this morning, but gave up its early gains with a test of the downside. It didn’t spend much time there though, and by late morning it was trending higher. Late in the day, it stabilized, holding onto its gains well in order to post a breakout on a closing basis. This is encouraging, as the stock has been reluctant to run for the past few days. Nonetheless, today’s move did come on light volume, which makes it a bit tougher to trust. As a result, I’ve raised my stop tonight while still trying to leave it a little room to fluctuate while waiting to see if follow through arrives.
MDVN saw some early selling pressure today, but only was able to break Friday’s lows by a small amount before it stabilized and turned higher. It trended for the remainder of the session, posting a solid gain by day’s end. This is encouraging, so with the expectation of more strength based on the brief dip, I’ve tightened my stop loss tonight in order to further reduce risk in the trade.
VNO triggered a buy today as it cleared the trend line at the $70 level, and initially it hesitated. Early strength was quickly surrendered, and the stock moved negative on the day. However it did stabilize, and the stock behaved very well from that point forward with some nice strength to close out the day. I’m leaving my stop loss as-is for now in order to allow this one some room, but if it is able to continue higher then I’ll make an adjustment.
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.
ILMN stopped, VNO added
CBT flirted for the fourth straight session with a breakout, and once again couldn’t make it happen as it slipped right back under key resistance by the end of the session. This is still a setup which holds some promise, but the lack of follow through remains a concern. I tightened my stop last week, and will stick with that adjusted stop heading into Monday. It’s not far away either.
MDVN turned nicely higher on Thursday after triggering a buy, and was showing some follow through early on Friday as it made new highs, but some profit-taking kicked in and erased the early gains, putting it in negative territory by the end of the session. Overall though, this one is still looking good and I’ll stick with my adjusted stop loss for now which stands at breakeven.
ILMN worked well for me but did trigger my adjusted stop for remaining shares on Friday as it turned higher early in the day. This one could now create a higher low on the daily chart, so I’m out of the position with a net 5% gain, and will stand aside waiting for a new pattern to emerge before looking for 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.
MDVN triggered, CBT & MDVN stops tightened
ILMN bounced a bit today, stopping just a penny short of my adjusted stop loss for my remaining 1/2 position (1/2 was closed at Target 1). This validates my stop for the time being, and I’ll wait to see if this one can turn back down. If not, I’ll book the winner, but hopefully it can head toward Target 2 before it’s done.
CBT cleared yesterday’s high by a couple of cents today, but couldn’t stand it and gave back its early minor gains. It finished the day just a short distance from my trigger, and overall this is not the kind of breakout behavior I’d like to be seeing. I tightened my stop for this trade tonight because of that, but perhaps it just needs one more shot to gather some momentum. If not, I’ll honor my stop.
MDVN triggered a buy today as it turned back up from its recent pullback, and the bounce found some legs. The stock ended the day near its highs and well clear of my trigger, but volume was overall light, so I tightened my stop to breakeven due to the light volume. This one has exhibited strong volume on every recent advance until today, so that’s a slight change which I don’t love. Barring any major gaps in the stock, this means a “free” trade with my stop now at breakeven, so let’s see if it can head toward Target 1 before the weekend.
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.
WFMI stopped, ILMN Target 1 hit & stop tightened, WX removed, MDVN added
ILMN continued lower today, moving through Target 1 where I closed 1/2 my position for a solid 6.2% gain. I’ve tightened my stop again tonight for remaining shares, but overall am pleased with how this one is moving and it still has potential for further downside. So far, so good.
CBT turned slightly higher today, finishing right near the breakout zone on the daily chart. This is a slower mover but I still like the potential here, so I’m going to stick with my existing parameters on this trade for now while waiting for follow through.
WFMI has been sluggish to get going in my direction lately, reluctantly creeping down since it broke support. The lack of downside momentum has caused me to keep my stop somewhat tight, and today my adjusted stop was hit as this stock bounced. I’m now out of the trade for a 3.3% gain, and will stand aside while waiting for a new pattern to emerge in 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.
CBT triggered, WFMI & ILMN stops tightened
WFMI started the day on a weak note, heading quickly lower right from the open after a downside gap. The stock did recover a bit from its lows of the session, but overall today appears to be the start of the continuation I’ve been waiting for, so I’ve tightened my stop once again tonight. My Target isn’t far away, so with a little more weakness we could see that hit very soon.
ILMN gapped down and never recovered, finishing the day only a short distance from its lows. This one continues to act well, and I’ve tightened my stop for this trade tonight in order to lock in some profits just in case it happens to turn higher. Otherwise, I’ve left it some room to fluctuate, so let’s see if today’s weakness can find follow through tomorrow.
CBT triggered a buy today as it exhibited some relative strength with a breakout through resistance at $25.05, but it wasn’t able to hold the breakout on a closing basis, falling back just shy of resistance by the end of the session. I do still like this setup and will remain patient for now while waiting for follow through to arrive.
No closed positions.
