Saturday, September 24, 2016

Monday's Prospects

Screening of the Friday, Sept. 23 markets identified eight prospective trades out of the two datasets and four strategies that I'm using. All of the prospects use shares as the vehicle; no options plays survived initial screening.

This week, for options trading, I reviewed nearly 500 symbols in my large-cap stocks and exchange-traded funds, and for share trading, I reviewed more than 1,000 symbols of stocks and funds of all capitalizations. For both I reviewed 77 companies publishing earnings.

I use four strategies in my trading, in response to trading signals (such as breakouts above the 20-day price channel), high implied options volatility, and persistently rising trends on a charts signaled by the stochastic-relative strength index indicator, and in anticipation of events ( such as earnings announcements).

 options  shares 
price channelN/A1
earnings04
volatility0N/A
stochastic-rsiN/A3

I shall make final trading decisions on Monday, Sept. 26.


The Euro: How a Common Currency Threatens the Future of Europe
by Joseph E. Stiglitz


Below are the candidates for further analysis.


Shares: Earnings

The dates are those of the events, all of them earnings announcements. Events prior to the opening bell are marked "am", during the trading day "mid", and after the closing bell "pm".

Monday pm
SNX
THO
Tuesday am
FDS
NEOG

Shares: Price Channel


VVUS

Shares: Stochastic-RSI


WB
HZN
MOD


Notes

The next earnings season begins on Oct. 10 with AA's release of earnings.

-- Tim Bovee, Portland, Oregon, Sept. 24, 2016

References

Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

Small Lots: A new strategy discusses the thinking behind the analysis that identified these trades and can be read here. The symbols noted in this post are intended fortrading on a commission-free platform such as Robinhood Financial.

I can be reached via comments on Private Trader posts or by email at datnillc@gmail.com.

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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 decision decisions for his or her own account, and take responsibility for the consequences.
License

Creative Commons 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.

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