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

Sym	Stop	ADX≥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.