Open Positions SwingTrader 

All positions will be closed after 45 days...period.  This is to keep trades from becoming investments!  All trades will be closed at a 10% loss...period.  Whether we have a stated stop limit, stop loss or trailing stop.  We are not day traders, but occasionally a position will move against us.  In these cases we will close with a 10% loss and live to fight another day!

If you are new to the service, and are not in the above positions.  You may chose to enter some of these positions if current market price is less than our entry price.  We will track these until profitable and sold, or we make a decision to cut bait. 

We may sell covered calls if stuck in a losing position.  Call premium is subtracted from stock price if we are not 'taken out', which lowers our cost basis in the stock.

We always try to give you our stop loss and target sell price when we make a recommendation.  This allows you to calculate your risk and decide how large a position to take.  We do not enter the stop or target price on the same day we enter the trade.  We are not day traders.  Occasionally a stock will move outside of our perimeters the first day.  We will adjust the next day.

Recommendations, buy, and sell prices may change from day to day.  We try to highlight Changes in red on the Alert

We recommend entering BUY orders for daily execution.  We enter SELL orders GTC.  This way we never buy a stock the next day at a price that has changed or been cancelled, but we always sell a stock on a stop limit or target price.  If we forget to change it, we may get out at yesterday's recommended price.  Many times this is better than having an order expire and missing an opportunity completely.

Maximum number of positions is five, so allocate 20% of your funds dedicated to SwingTrades to each position.

Model Portfolio Results
(results updated weekly)

Recommendations Archives

2009

2010 (we lost records prior to Labor Day)

2011--- 1st quarter --- 2nd quarter --- 3rd quarter --- 4th quarter

2012--- 1st quarter --- 2nd quarter -- 3rd quarter

Below is our current Alert.

SwingTrader Alert

July 11, 2012

The rally we were expecting on Tuesday lasted all of six minutes.  We set a high for the day and within an hour were negative and would not go positive again.  We held close until after lunch then took a steep slope down before recovering some strength to go into close.  If our goal is to get in place before the market…we might have done good on Tuesday.  It is a little disconcerting to see all of our positions under pressure.  We have a diversified group of plays but all got socked on Tuesday.

Asian market closed mixed this morning (all within 0.7%).  European markets are trading mixed.  Futures point to a positive open for U.S. markets.

The U.S. Trade Balance will be released one-hour before market open, expect a drop to $48.5 billion. This is down from last month’s $50.1 billion.  At 2:00 this afternoon the FOMC minutes from the last meeting will be released.  Traders will be looking any hint of an enhanced chance of QE.  Either of these two economic reports can move the market.

The market has been down for four days and we are sitting very close to support on the indices.  We missed “Turn around Tuesday” yesterday so it is overdue!  We expect the market to exhibit some strength today.  I don’t see bad news out of the eurozone affecting us today.  But, that can always pop up.

Changes in Action to Take:

SAN---SEP 5 C---(6/21 1.30 -25.0%)  Sell at => $1.70  Stock down on light volume with the market. Stock downgraded this morning.  Open another quarter position at <=$0.90 Eighth position.

SAN---SEP 5 C---(6/26 1.10 -11.4%) Sell at => $2.25 See above.  Quarter Position.

ATPG—AUG 3 C---(7/02 1.16 -43.1%) Sell at => $1.25 Stock gave us a head fake higher at open then fell through (what we identified as) support.  We recovered some lost ground late in the day.  Quarter position.

SAN—SEP 5 C—(7/05 1.35 -27.8%) Hold See above.  Quarter position.

ATPG---AUG 3 C---(7/05 0.88 -25.0%) Sell at => $2.00 See above.  Quarter position.

TEF---SEP 12.50 C---(7/05 0.95 -34.2%) Sell at => $1.00 Stock popped higher at open then went on a swoon for most of the day before recovering late in the session.  Quarter position.

ATPG---AUG 3 C---(7/10 0.72 -8.3%) Sell at => $1.00 We bought this on our plan to buy another quarter position if the stock gave us a dip.

TEF---SEP 12.50 C---(7/10 0.65 -3.8%) Sell at => $1.50  We picked this up on our plan to buy another quarter position on weakness.

INTC---SEP 24 C---(7/10 2.40 -17.5%) Sell at => $2.70 Wow, popped higher which brought us in early only to get hurt as the market took us lower. I have a low minimum sell price which we will raise if we can catch a bid.  Earnings announce 7/17

RIMM—SEP 6 C---(7/10 1.85 -9.2%) Sell at => 2.40  Stock knifed through $7.50 tried to regain it but then fell lower for the day.  Stock received some buying pressure going into the close.  Quarter position.

WAG---OCT 27 C---Buy at <= $3.30 Immediately use a stop loss of 30 cents less than your entry price.  This was our “coin flip” loser yesterday to INTC.  Wish we would have gone with it instead.  Stock is on a nice climb.  We have a $2.00 climb if the stock can clear the upper trend line.  If we are rejected at the trendline the fall could be dramatic and quick.  This is our sixth position, our limit is five but we are not “fully in” on our others so will pull one more.

If you don’t receive the Alert do to email problems, remember it is always posted on the website. You can check all of our positions and access recommendations just enter your password from the log-in page.

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