Wednesday's Outcomes: GG, SLV, MTRX

Note the 180-degree reversal to the original decision on MTRX.

GG moved beyond both its stop/loss point and the upper boundary of its 10-day price channel, and I've closed my bear position for a loss. For details, see the update to "GG: Gold keeps losing its glitter".

SLV moved beyond the upper boundary of its 10-day price channel and I've removed it from the Roll Shelf, where it has been waiting as a potential bear play. For results, see "SLV: Silver bears".

I analyzed MTRX as a potential bull play but put it on the Watchlist when it failed to show upward momentum. and bought long shares when it showed upward momentum late in the session. See today's analysis, "MTRX: Room to rise".

References

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.

Disclaimer

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



All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.