Monday, June 30, 2014

Monday's Prospects: Round 2

As the nursery rhyme has it,
Ashes! Ashes! 
We all fall down.
None of the six symbols that made it into the second round of analysis have survived to merit further analysis.

Three failed confirmation, two have bull signals unsupported by their not-bullish charts and one, the lone bear signal in the batch, is rising intraday, producing a failure of momentum.

I won't be analyzing any symbols from the "Monday's Prospects" list.

-- Tim Bovee, Portland, Oregon, June 30, 2014

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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