I've completed my stroll through the 250 stocks and exchange-traded funds that I monitor, and a boring stroll it was.
Whether strongly bullish or strongly bearish on the Zacks list, the issues showed very much the same behavior: A big drop on Thursday, and a bit of retracement today.
So the charts continue to move in lockstep, driven by forces beyond the stocks and funds they track.
About my trading methods
Read a detailed explanation of my analysis method, including trading rules.
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.
The trader’s greatest sin is inaction. Sleeper, awake! Seize the Nietzchean moment. Roll out of bed and trade.