Three potential swing-trades that I am considering adding this afternoon (though probably only 1-2 will actually be chosen)

Steel Dynamics (STLD) – Breaking a long-term uptrend off of last year’s October lows. so very close to breaking it. Below $15.10 and it should be confirmed. A move at the least down to $14.50 should be in order. 

HollyFrontier Corp (HFC) – At a short-term critical support level, where if it breaks, there is little support until you reach $48. 

TRW Automotive Holdings (TRW) – Uptrend off of last August’s lows have broken, and you have the price action over the last month that is similar to what you’d see in an extended bear-flag pattern. 

Here’s the rest of my swing-trading watch-list. 

swing-trading short list

You Might Like

  • South Korea: The Hidden Driver of US Tech Volatility

  • Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • How to Trade Breakouts Without Getting Trapped