Monday, January 24, 2011

1/24 Channels

    Bull:
  • ORCL drops below breakout level on second day; close below $32.27 would force an exit.
    Bear:
  • YHOO pierces lower 55-line by 1¢ but the breakout is unconfirmed: No entry.

Here are the issues that I’m tracking using channel analysis.

Bull breakout within the last two days
BBT GE MS MU ORCL
SBUX WMT XLU    

Nearing a bull breakout
CAL EBAY GIS    

Unconfirmed bull breakout within the last five days
XOM        

Bear breakout within the last two days
GDX LCC MNKD    

Nearing a bear breakout
ABX AIG ATVI BBD CREE
DELL M MTG PM SLW
TLT UAL WDC WIN XRX
YHOO        

Unconfirmed bear breakout within the last five days
AMR DAL FAZ GG KGC
MRK NEM SDS STX  

Positions
SymStopADX≥40
UNG $6.39  

About channel analysis

Read a detailed explanation of my channel analysis method, including trading rules.

Disclaimer
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.


No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

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