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).
