Thursday's Prospects: No Trade

None of the three survivors of my overnight screening has passed further analysis, so I won't be opening any new positions today. (See "Thursday's Prospects" for the analysis results.)

In descending order of liquidity:

HLSS has been trading for less than a year, and under my rules, any position I open must be based on a symbol that has been trading for a year or more.

AIR has bearish ranking from Zacks yet has given a bull signal. My preference is for the Zacks rating and the signal to be aligned.

CEO gave a bear signal on a 3.5% downside gap after releasing operating statistics. I don't trade on headlines because the news has already been priced into the market.

Those three survived screening based on the major market trend that began Oct. 4, 2011.

Undaunted, I went to another analysis that I ran, based on the date the markets began faltering: May 21 of the present year.

But the five symbols having sufficiently good oods and returns to meet my standards also are scheduled to announce earnings within the next 30 days, removing them from consideration.

References

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