Monday's Prospects: Round 2

Only two symbols that survived my first round of analysis, SCSC with a bear signal and ACGBY with a bull signal. Neither made it through the second round.

SCSC is trading within its 20-day price channel and so failed to confirm the bear signal.

ACGBY is retracing upward within a downtrend and also is quite illiquid and so fails as a bull play on two counts.

I don't intend to trade off of the "Monday's Prospects" list, although trades from my current holdings, the Watchlist and the Roll Shelf remain possible.

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