I analyzed KAR and intend to open a bull position, but deferred the trade until Thursday because of today's early close for New Year's. See "KAR: Bullish on car auctions".
All of the world money centers are closed on Wednesday: New York, London, Tokyo and Sydney. Trading resumes on Thursday.
Happy New Year, everyone! Happy Year of the Horse!
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.
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