INFY staged a bullish breakout on Friday after earnings were announced and confirmed the signal Monday and Tuesday, as required under my the special procedures for handling earnings in my Shorter-Term Rules. However, without further analysis, I've declined to take the trade because a bull signal runs strongly contrarian to the trend of the broader market. In a market like this, bulls need not apply. INFY was mentioned in "Monday's Prospects" as a survivor of early rounds of analysis.
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. My very short term volatility trading rules 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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