Monday, April 21, 2014

Monday's Outcomes: NKE, SPY

I've rolled out of my bear positions in NKE and SPY. Each pushed past its stop/loss point on Thursday and confirmed it by closing still higher today.

Both remain below the upper boundary of their respective 10-day price channels, so I'm closing the positions but moving the symbols to the Roll Shelf.

In each case, I won't calculate results until (and unless) the price moves above the 10-day price channel. If that occurs, I'll end the roll sequence.

See my entry analyses:

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 decision decisions for his or her own account, and take responsibility for the consequences.

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