Monday's Outcomes: XLP, ROST, MDVN

I closed my bearish  position in XLP. See the update to my July 30 analysis, "XLP: Bearish on consumer staples, redux", with a fresh chart and extended discussion.

I've removed ROST from the Roll Shelf as a potential bear play. See the update to my April 11 analysis, "ROST: A downtrend begins".

I've removed MDVN from the Watchlist after it failed to trade above the high set in the first trading day after earnings were published. See the discussion in "Monday's Prospects: Round 2".

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.