Tuesday, September 24, 2013

Tuesday's Outcomes

USO failed to maintain momentum and I've decided against opening a bear position today. I've added USO to my Watchlist. See my analysis from earlier today: "USO: Crude bear play".

DIS fell below its stop/loss level and I've closed the position for a loss. See "DIS: Magic Kingdom bull play" for details.

I've removed XLF from my Watchlist after it fell below its 10-day price channel. After analyzing the fund on Sept. 17, I decided it needed to break above $20.93 before I opened a bull position. Instead, it headed south. See "XLF: A tale of the three charts".

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