Tuesday, October 29, 2013

Tuesday's Outcomes: CVI, SONC, AMGN

CVI, which has been on the shelf waiting for a roll, has instead moved above its 10-day price channel, signalling no roll is possible. I've done a reckoning and updated my analysis with the results. See "CVI: Energy bear play".

SONC regained momentum after confirming a bull signal on Monday and I've opened a position. See "SONC: Carhops deliver a bull signal".

I analyzed AMGN as a potential bull play but decided against opening a position. See "AMGN: Bull signal in a correction".


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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