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.

OXY triggered & stopped, AA added

Open Position Notes:

No open positions.

Closed Positions:

OXY triggered a buy today as it cleared the trend line highlighted in last night’s Broadcast, but it was unable to hold and subsequently reversed.  The downside turn stopped me out for a 2% loss.  This one apparently needs more time before it’s ready to go, so I’ll stand aside for now and wait for some stronger action now that the pattern has failed.

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.

OXY 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.

SWK & MOLX closed

Open Position Notes:

No open positions – 100% CASH.

Closed Positions:

SWK gapped lower this morning and after an attempt to rally, rolled back over with the broad market weakness to hit my stop and take me out of this trade for a modest 1.5% profit.  This one neared Target 1 on Friday, but with the steep market selloff today it just couldn’t stand up to the downdraft.  I’m out and will wait for a new pattern to emerge.

MOLX gapped down today and continued lower with the market weakness, hitting my stop to take me out of this trade for a minor $0.20 loss. (less than 1%).  This one was slowly making progress, but I will not fight the market weakness and will instead stand aside in order to preserve capital.

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.

CSX closed, SWK & MOLX stops raised

Open Position Notes:

SWK gapped higher and continued north on Friday morning, reaching new 52-week highs in the process.  The stock nearly reached Target 1, but backed off a bit in the afternoon.  I like how it held the morning gap, and this one could easily push past Target 1 in the next couple of days.  I’ve raised my stop tonight in order to reduce my risk in the trade and lock in a modest gain if it happens to reverse, but otherwise I’m giving it a little room to breathe while I wait for my targets.

MOLX edged a bit higher on Friday to reach a new 52-week high and build on its breakout.  I’m still using the uptrend line as my stop for now, and have raised my stop accordingly while waiting for Target 1 to get hit.

Closed Positions:

CSX tested the $75 level on Friday for the 3rd straight session, but backed off to hit my stop for my remaining shares at $74.50.  So, I’m out with a solid 4.3% gain, and will keep this one on the radar in case it sets up for another play.  It was nice to capture a $3 move right through the trigger, but it’s also wise to ring the register when a stock has repeated trouble clearing a level.

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.

Stops raised

Open Position Notes:

SWK built upon yesterday’s strength with a solid advance today, hitting new highs and finishing near its best level of the day.  This stock appears to now be leaving the base behind, and that’s encouraging.  I’ve raised my stop for this one tonight, as it’s been a little sluggish to get going and volume isn’t thus far confirming the breakout (I’d like to see it above-average).  My stop is now set just beneath Tuesday’s close, as a move down beneath that level would close the gap and at this point I don’t want to see that occur (it would also be a breakout failure).

CSX edged slightly higher, and now sits just a short distance from Target 2.  Perhaps it can reach it tomorrow, as it wouldn’t take much.  I’ve raised my stop again for remaining shares in order to lock in a solid gain either way.  This one needs to rest, but hopefully it’ll pop just a little more first.

MOLX moved higher today to hit another high with some modest expansion in volume.  I’ve raised my stop tonight to reduce risk, using the uptrend line as my stop.  This breakout is so far a little slow, but there’s still room to run higher, so let’s see what happens.

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.

CXO closed (Target 2 hit), MOLX triggered, CSX stop raised

Open Position Notes:

SWK gapped higher this morning and held, moving to a new intraday high.  It finished a bit off its best level of the day, but reclaimed the breakout zone in the process.  I’m encouraged by today’s price action, and now would like to see some follow through take place, ideally on increased volume.  Leaving my stop as-is for now.

CSX pushed to new highs again today, showing excellent follow through.  Yesterday this one put in some minor rest, but returned to strength again today.  This one is now just a short distance from Target 2, so I’ve raised my stop again for remaining shares in order to lock in a solid gain should it happen to turn lower from here.  Very nice price action out of the base from last week, wish they could all be this smooth.

MOLX triggered a buy today as it cleared the upper trend line of the bullish wedge I had pointed out in last night’s Broadcast.  This one also made a new intraday and closing high with today’s strength, giving it a nice start.  I’ll be watching for follow through in the days ahead now that it has broken out, and would prefer to see volume improve as well.  I’ll leave my stop as-is for now.

Closed Positions:

CXO ran higher again today, topping out right at Target 2 where I booked remaining profits.  My average exit gave me a very nice 5.6% gain without having to endure hardly any downside.  This stock has now advanced 8 straight sessions, and needs to put in some rest.  I’ll keep it on the radar in case it sets up for another play, as this one was quite nice.

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.

MON stopped, MOLX added, CXO & CSX stops raised

Open Position Notes:

SWK gapped lower this morning, but the lows were set soon after and the stock was able to stage a modest recovery from its morning lows.  It still finished the day negative, and remains inside its consolidation, beneath resistance.  I have a stop in place on this one which I’m sticking with, but at the moment this stock appears to just be basing further before its next move.

CXO advanced further today with a strong morning, but a bit of profit-taking kicked in after 10am ET and it finished off its highs.  I like the fact that it was positive again, and still expect to see a push toward Target 2 in the days ahead.  I’ve raised my stop again tonight in order to lock in more gains should it happen to reverse lower, but I’m giving it some room to breathe since it may need to take a bit of a rest.  Good action though.

CSX recovered from a weak start this morning to push to new highs, although it drifted lower in the afternoon to finish the day right near yesterday’s closing level.  This appears to merely be a little fatigue after a solid multi-day run, so I’m expecting a little rest here before another move higher.  If it happens to power through to Target 2, that’s certainly alright with me.  In the meantime, I’ve raised my stop again for remaining shares in order to lock in further gains should it happen to falter a bit.

Closed Positions:

MON tried to break out yesterday, but fell back into its base, suggesting it wasn’t ready to run yet.  Today we saw this stock reverse lower to completely negate the bullish pattern it had built, triggering my stop to take me out of the trade for a 3% loss.  I’m going to avoid this stock for now as today’s volume spike with the pattern failure suggests it may need to pull back further in the short term before it’s ready to go again.  I’ll watch for a new pattern 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.

MON triggered, SLAB stopped, CSX & CXO Target 1 hit (booked 1/2 profits) & stops raised

Open Position Notes:

SWK gapped lower this morning, and by mid-morning had filled most all of the gap to get back to the flat line.  It weakened just slightly into the afternoon though, leaving it just beneath the resistance level it had cleared late on Friday.  I’m still going to stick with this one for now, but would like to see it attempt to clear resistance again.

CXO ran higher this morning, taking it right through Target 1 where I closed out 1/2 my position for a 4.1% gain.  It was able to push slightly beyond that level before backing off and resting for the remainder of the day.  Today’s action was very positive, and the stock still looks poised for higher prices.  I’ll be watching for more follow through in the days ahead, and will raise my stop for remaining shares now that Target 1 has been reached and while I wait for a possible move to Target 2.

CSX continued nicely higher today on stronger volume, pushing past Target 1 where I booked profits on 1/2 my position for a quick 4.2% gain.  This one finished not far from its intraday high once again, although it did put in a bit of rest this afternoon.  I like how this one is acting, and will be watching for some rest to kick in soon after this nice multi-day move.  I’ve raised my stop for remaining shares tonight, and will be watching for a move to Target 2 in the coming days.

MON triggered a buy today as it moved through the upper trend line at $75.80, but the stock just didn’t have the power to keep going.  Instead, it backed off slightly to finish the day only slightly positive and back inside its consolidation zone.  I’ll be watching this one closely in the next couple of days to monitor the action, and may look to make an adjustment if another attempt to push through the trend line doesn’t occur soon.  For Tuesday, I’ll stick with my existing stop loss.

Closed Positions:

SLAB bounced again today, refusing to roll over after last week’s trend line break.  Today’s move stopped me out for a modest 1.9% loss, and I’m going to leave this one alone for now given that the pattern has failed and the stock is again retracing the decline from the highs.

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.

SWK triggered, MON added

Open Position Notes:

SWK triggered a buy on Friday afternoon as it cleared resistance.  Volume picked up slightly over Thursday, but still hasn’t truly spiked like I would prefer to see.  This may be due to the late-day trigger on a Friday, so I’ll see how it acts this week.  Regardless, I like the setup and am going to leave my stop as-is heading into Monday while waiting to see some follow through.

CXO pushed to a new intraday and closing high on Friday, but the strength was a bit subdued with a narrow-range day.  This stock still looks poised for higher prices from this bullish pattern, so I’m going to stay with it for now while giving it a little room to fluctuate if needed.

CSX showed some nice continuation higher on Friday after Thursday’s breakout, and volume improved a bit as well.  I like the strong finishes of the past two sessions as well, and this one looks ready for a push to Target 2 soon since that’s not far away.  I’ll look to make an adjustment to my stop in another day or two.

SLAB bounced a bit on Friday, but held beneath its short-term high.  Volume also declined with the minor lift, which is encouraging.  I’m going to leave my stop as-is heading into Monday, and will respect it if this stock simply heads higher.  Otherwise, it may still be carving out a lower high with the rising wedge pattern, so I’ll stay with it and see if it can show relative weakness once again.

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.

CSX & SLAB triggered

Open Position Notes:

CXO tested the downside today but recovered to finish positive, ending up by 1%.  The test of the breakout zone over these past two sessions has resulted in a slight gain so far, but this one needs to go on to make new highs at this point.  No changes to my stop as of yet.

CSX triggered a buy today as it cleared $71.25.  The gain wasn’t impressive, but I liked how the stock never looked back after it triggered.  The recent highs were approached and respected, as today’s high came in just a few cents shy of the prior highs.  Nonetheless, this is a solid breakout and I’ll be watching for continuation and improved volume in the coming days.

SLAB triggered a short sale this morning as it undercut the lower trend line of the rising wedge pattern shown in last night’s Bandit Broadcast.  This one managed a slight bounce from its worst levels, but still finished negative on the day despite strength in the NASDAQ.  Volume picked up a bit with today’s selling, so let’s see if this one can show some follow through in the coming days.  No change to my stop yet, as I’d like to see this one make some better downside progress before looking to make any adjustments.

Closed Positions:

No closed positions.