Monday: No Trades

I've rejected the survivors from my analysis of Friday's trading signals. The final lot was turned away because their charts are bearish, contrary to the bull signals they gave. I don't intend to open any new position from among them today.

See "Monday's Prospects" for the first wave analysis. The finalists were CLF, SXC, TOT, VMC,  WLT and GLNCY.

References

My shorter-term 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.