Monday, August 4, 2014

Monday's Outcomes: ERF, MU

I've opened a bearish hedge on my longer-term position in ERF after the price closed below its 20-day price channel and confirmed the hedge signal the next day. See the update to my June 2 analysis, "ERF: A growth and income hydrocarbons play".

I've removed MU from the Roll Shelf as a potential bull play. See the update to my April 22 analysis, "MU: Exuberance amid a powerful recovery".

Both updates include a new chart.


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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