1/28 Channels

I'll be reworking the line-up of potential plays and the method of presentation over the weekend.

• BBD breaks out to the bear side.

Bull Positions

Sym	Stop	ADX ≥40	2-day
GE*	$19.69	x
MU*	$8.78
ORCL	$31.42
WMT	$55.74
XLU	$31.83
XOM	$79.36	x	x

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

Bear Positions
Promoted: BBD

Sym	Stop	ADX ≥40	2-day
AMR	$7.78
BBD	$18.99		x
MNKD	$6.28	x

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

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

Nearing a bull breakout

CAL

EBAY

Unconfirmed bull breakout within the last five days

None

Nearing a bear breakout

AIG	ATVI	CREE	DELL	M
MTG	PM	TLT	USD/CHF

Unconfirmed bear breakout within the last five days

None

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.