The Swing Watch List took a beating today. The market weighed heavy on swingers and continues to reward intraday traders who can find the right short term momo. The swing I’ve missed out the most on lately has been gold and silver. I should have included a few names on the watch list in this area. Tonight, I’ll run new scans and find a fresh new group of stocks to watch.
Swings that closed today (stops taken out):
EGY for 1.94% gain
VG for 3.33% gain
KAZ for 2.88% loss
WNR for break even
HUN for 2.8% loss
BPAX for 4% loss
Removed from list because I no longer like the setup:
CYTR and AKRX (AKRX might be interesting for scalp, but doesn’t appear appropriate for for swing)
Check back later for new swing ideas. I’m going to run screens for pullback stocks that are now sitting on support and a few in momo sectors – maybe gold or silver laggards. We’ll see what the screens uncover. The market is very emotional right now, but don’t let yourself be. Set your stops and understand your entries.
Let me know if you have any questions.