CHL, which has been on the Watchlist since Dec. 19 as a potential bear play, broke below its 20-day price channel on Friday and had downside momentum as the closing bell approached. However, I wasn't able to get a good fill on my bear call spread order and will keep trying until my assessment of the chart changes or I get a fill I like. See my analysis, "CHL: How free is the market".
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.
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.