Wednesday, May 21, 2014

Wednesday's Outcomes: NYMT, TEP

I've opened a bullish position in NYMT under my longer-term trading rules. See. "BXMT and NYMT: Two mortgage trusts".

I added TEP to the Watchlist on Tuesday following non-confirmation of a breakout to the upside. The price closed today lower than the day before, so I've lost interest and removed it from the list. See my discussion in "Tuesday's Prospects: Round 2" from yesterday.


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.

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