Wednesday, July 30, 2014

Wednesday's Outcomes: XLP, DG, GD

I've opened a bear position in XLP. See today's analysis, "XLP: Bearish on consumer staples, redux".

I've closed two positions that were opened early this month after each closed beyond its stop/loss level on Tuesday and continued to trade beyond it today..

I think of them as Tweedledum and Tweedledee because of their mirrored symbols, but in fact, they are:

DG, a bear play. See "DG: Dawn of the bear".

GD, a bull play. See "GD: Bullish on weapons of war".


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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