FIX, which I analyzed as a potential bull trade today, traded below its opening price in all but the first half hour after the opening bell and developed additional downside momentum in the half hour before the closing bell. I'm putting FIX on the Watchlist for later consideration if upside momentum resumes. See "FIX: Room to run at the end".
References
My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.
Disclaimer
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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