Tuesday's Prospects: Round 2

Of the eight symbols that survived my first round of analysis, one, CMP, failed confirmation and two, MMLP and AXAS, showed downward momentum following a bull signal.

The lone bear signal of the lot, RT, has too narrow an options grid for me to use in construction a position that will profit from a downward move in price.

CLMT, ACT and GASS gave bull signals from bearish charts, although ACT's is only marginally bearish.

That leaves HUM as the sole survivor of the second round, and I shall post an analysis before the closing bell.

See "Tuesday's Prospects" for a full run-down of my first round of analysis.

-- Tim Bovee, Portland, Oregon, June 24, 2014

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.