12-27-16 Comments

I posted my watch lists just now, a little late. I was away for the Christmas period. This morning I saw that one of my holdings (NVDA) was breaking an upper channel line, so I sold it at 35% gains. Upper channel line breaks is one of my sell rules. Sometimes stocks go on after a channel line break and progress into a climax run. The upper channel line rule can lead to premature sells.

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I don't short in dull markets, so I won't be acting on my short watch list. I own AMZN, but I also note that it is at a possible shorting point with a possible stalling rally into the 50-day.