SPY moved above its 10-day price channel and I've removed it from the Roll Shelf, updating the entry posting with results and an extensive chart talk. See "The Market: Has the apocalypse arrived yet?"
NGG, a potential bull play on the Watchlist, gave an entry signal on Tuesday but failed to confirm it today. I've updated my analysis from April 16, "NGG: Whipsaw candidate".
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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