Tuesday's Prospects: No Trade

The markets have moved into the puzzlement phase after last week's broad decline in stock prices. This is where traders all scratch their heads while looking around nervously, muttering, "What just hit us?"

There's nothing in today's batch of potential trades that rings my bell. (See "Tuesday's Prospects".)

The regular analysis, including screening by historical odds, turned up only one potential with sufficient liquidity, KRE, and its chart is insufficiently bearish at first glance to be worth a second look.

The high-volume bear signals that failed the odds test are all up intra-day and so seem unlikely to provide an opportunity to trade/

So I shall focus my efforts on other things.

References

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.

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.