1/25 Channels

• New bull position listings: GE, MU, SBUX, SLW.
• New bear position listings: ABX, AMR, GDX, GG, LCC, MNKD, SLW, WIN.
• Bull position removal: UNG (analysis).
• BBT bull move fails on trade below breakout-day low, removed from consideration.
• GIS pulls back from near-breakout level, removed.
• SLW, WIN break out to the bear side; two-day rejection rule in place (Exit 1 on the rules).
• DAL bear breakout stopped; removed.

Bull Positions

Sym	Stop	ADX ≥40	2-day
GE	$19.69	x
MU	$8.79
SBUX	$33.01

Issues that I hold positions in are marked with an asterisk (*).

Bear Positions

Sym	Stop	ADX ≥40	2-day
ABX	$47.13
AMR	$7.78
GDX	$54.73
LCC	$10.35
MNKD	$6.28
SLW	$3.34		x
WIN	$12.97	x	x

Issues that I hold positions in are marked with an asterisk (*).

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

Bull breakout within the last two days

MS

ORCL

BBT

WMT

XLU

Nearing a bull breakout

CAL

EBAY

Unconfirmed bull breakout within the last five days

XOM

Bear breakout within the last two days

None

Nearing a bear breakout

AIG	ATVI	BBD	CREE	DELL
M	MTG	PM	TLT	UAL
WDC	XRX	YHOO

Unconfirmed bear breakout within the last five days

SDS

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.