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
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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