The most visible of the first-round survivors, the crude-oil exchange-traded fund USO, with a bear signal, is working its way through a very sloppy long-term triangle and so isn't a trade I would take. See my analysis from February, "The Petroleum Triangle: A case study".
The other charts were either sucker hooks or lacked clarity, and so I won't be opening positions in any of today's potential trades.
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 decisions for his or her own account, and take responsibility for the consequences.
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