Tuesday, October 8, 2013

Tuesday's Outcomes: TGT, USNA, VRSN

TGT fell immediately upon opening at $62.72 today and never headed close to that level again. I've opened a bear position. See my analysis, "TGT: Dueling chart interpretations", for details.

USNA fell below it's 10-day price channel, sending a signal to close the position. I had already rolled out of USNA and it was on the shelf at the time. I've updated my analysis, "USNA: Direct marketing bull play", with details and results.

VRSN fell below its 10-day price channel. It was on the Watchlist awaiting a chance at entry, but today's close signal means it's off the list. See the update to my analysis, "VRSN: Act 3 or curtain call?".


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

By preference I place my trades in the last half hour before the closing bell in New York. See my essay "When is the best time to trade" for a discussion of the practice.

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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