I analyzed MU for a bull traded and rejected it. See "MU: Why I'm avoiding bull plays".
I've decided against opening a bear position in HTS and have updated my analysis with reasons why. See "HTS: Bear signal on a REIT".
I turned away from analyzing FB, which broke out to the downside on Monday, because at the time I was setting up my analysis it had failed to confirm the bear signal. It has slid and is trading below the price channel with 10 minutes left before the closing bell, and I shall add FB to my Watchlist for a second look on Wednesday.
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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