Wednesday, June 18, 2014

Wednesday's Outcomes: FC

FC closed below its stop/loss and I've closed the position and put the symbol on the Roll Shelf. See my update to "FC: Bullish on effectiveness" for details and a detailed chart talk.

In "Wednesday's Prospects: Round 2", I committed to posting an analysis of WMT as a potential bear play, but pulled back from the project after the price moved back within its 20-day price channel.


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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