NGG moved above an entry point I identified in my analysis, but I've decided against taking a trade. See my updated analysis from April 16, "NGG: Whipsaw candidate".
I've removed AMTD and IBM from the Watchlist. Neither failed confirmation, but neither showed momentum. See "Friday's Prospects: Round 2" from May 16 for a discussion of their breakouts.
My shorter-term trading rules can be read here. My longer-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 decisions for his or her own account, and take responsibility for the consequences.License
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Based on a work at www.timbovee.com.
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