Friday, November 15, 2013

Friday's Outcomes: C, GRPN

I opened a sideways play on C, which has been tracing a symmetrical triangle amid an uptrend since May, structuring the position as an iron condor. The apex is at the end of March 2014.

GRPN rose above its 10-day price channel and confirmed the move. I've removed it from the Roll List, where it was listed as a bear position, and have updated the analysis with results. See "GRPN: Downtrend in an uptrend".

I didn't find any of Thursday's bull and bear signals worthy of a full analysis. See "Friday's Prospects: No Trade".


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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