Friday, January 10, 2014

Friday's Outcomes: PFE, EWZ, VIP

I did no analysis today of "Friday's Prospects" because a scheduling conflict took me away from my trading desk much of the day. I'll run the numbers over the weekend and post as appropriate.

I've closed my position in PFE, which proved to be one of the more complex exits I've managed. I've updated my original analysis, "PFE: Pharmaceutical sideways play", with results and an extended discussion, with a chart, about how I managed the exit.

I looked into how to trade EWZ with neutral implied volatility, neither high nor low. Read what I found in "Shorting the unshortble".

VIP has been on the Watchlist waiting for a chance to trade as a bull play. No dice. It traded below the 10-day price channel on Thursday and confirmed the exit signal today, so off the Watchlist VIP shall fly.


My shorter-term 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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