Well, as you know, this week has been tough on swing traders. Today's intraday moves along took out a lot of swinger unless you maybe were in U.S. based energy, coal, or a few other not-so-hit sectors. On that note, let's clean up the watch list and get a few new stocks to watch added.
The stocks that have finished their round (buy on swing then stopped out): Please note - these are not my actual trades... they are purely setups with stops and estimated gains based on those entries and exits.
- ACAS - Nice 10% return on a swing from 2/9 - 2/22
- NCT - Another 10% winner on swing from 2/14 - 2/22
- GS - We got hit for 2% loss here on gap down Tuesday
- C - 1.6% loss on weak banking stocks on Monday
- MON - 3.3% loss on Monday - Careful here if you're still watching it... struggling with SMA50
- ORCL - 1.6% loss on Monday. Nice job holding sma50 today. I'll keep an eye on this for possible reentry
- OXY - 6.7% return on swing from 2/14 - 2/22
- SPWRA - The solars went on a great run - 11.5% gain from 2/14 - 2/23
- STP - Same story - 16% gain from 2/14 - 2/22
- ES - stopped out on Monday for pretty much a break even trade. However, it's back on watch for move above 6.75
- IO - Huge winner. Stopped out today with 22% gains
- AINV - stopped out for break even on Tuesday
- AKRX - another break even stop out.
- BSX - Good returns of 5% booked on Tuesday. Still worth watching.. will it hold SMA100
- GLBL - Stopped out Tuesday for break even. NOTE: I jumped back in it today
- AMRN - Took a 2.3% loss on Tuesday exit.
- MS - Another financial stock that took a hit Tuesday for 1.7% stop loss.
- CPN - 1.6% loss on stop out today
- NVE - stopped out today for break even - Watch for SMA50 pullback support
There are still two stocks surviving on the swing list:
- CLR and EGY
New additions:
- ES - nice momentum stock. Long over 6.75 resistance.
- ONNN - Semis have been getting hammered lately, but with the nice bounce off sma50, it's worth a possible look over sma20.
- VG - Nice bounce off SMA50 today. Let's see if it can get through sma
- CYTR over .96
- KAZ over 1.04 - watching horizontal resistance at these levels.
- WNR over 16. Nice bounce off SMA20 today, so I'm looking to see if it resumes its uptrend.
- GKK over 5.37
- HUN nicely organized uptrend. Let's get it over 17.5 for possible swing.
View List (also in left column on the Swing Corner page).
