Friday, March 28, 2014

Friday's Prospects: Round 2

None of the symbols that survived my first round of analysis made it through the second round. (See "Friday's Prospects" for a list of the first-round survivors.

In the mid- and large-cap category, the lone first-round survivor, POST, has insufficient open interest for a bear play.

Three of the four small-cap symbols failed confirmation by moving back within their 20-day price channels. The fourth, FULL, has insufficient open interest for a bear play.

I next turned to my fall-back list of high volume symbols that have given bear signals. The list ignores low prior odds of success.

Of the five symbols on the fall-back list, four failed confirmation. The fifth, FOXA, has an overly wide bid/ask spread on front-month at-the-money puts that takes it out of contention as a bear play.

I won't be filing any full analyses or trading off of the "Friday's Prospects' lists. I'll be watching my existing positions as well as the Watchlist and Roll Shelf, which might produce trades.


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

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