Tuesday, August 20, 2013

Tuesday: No Trade

Last night's initial screening produced three potential trades for Tuesday, all to the downside. (See "Tuesday's Prospects".)

The most liquid of the three, AGNC, moved back within its 20-day price channel, thereby failing to confirm the bear signal.

PT and ARCO each confirmed its bear signal, but neither has sufficient options breadth and liquidity to meet my trading preferences.

I won't be doing further analysis on these stocks or opening any new positions today.


My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based 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 decision decisions for his or her own account, and take responsibility for the consequences.

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