- LCC stopped on earnings-day gap.
- New to bull positions: XLU.
- New to bear positions: XRX, YHOO.
- Bull failures: BBT, MS.
- Removed from bear watch: UAL, on an earnings gap up.
Bull Positions
| Sym | Stop | ADX ≥40 | 2-day |
|---|---|---|---|
| GE | $19.69 | x | |
| MU* | $9.55 | ||
| SBUX* | $33.01 | ||
| WMT | $55.74 | ||
| XLU | $31.83 |
Bear Positions
Stopped: LCC
| 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 |
| XRX | $10.95 | x | |
| YHOO | $15.77 | x |
Here are the potential trades that I’m tracking using channel analysis.
Bull breakout within the last two days
Stopped: BBT for failure to close above breakout level, MS for trading 5¢ below the breakout bar low.
| ORCL |
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 |
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.
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