Tuesday, October 15, 2013

Tuesday's Outcomes: TUMI, BBY

TUMI broke above its 10-day price channel, sending a signal under Turtle Trading rules that the bear position should be closed. I discuss the chart in an update to my analysis. See "TUMI: Bearish on luggage".

The potential bull play I analyzed today, BBY, peaked 45 minutes after the open at $41.46 and never saw that level again. I've added BBY to my Watchlist and updated my analysis, with a very near term chart. See "BBY: How high is high?".


My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

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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