Tuesday, March 4, 2014

Tuesday's Prospects: Round 2

Two symbols among the seven that survived my first round of analysis made it to the second-round finals, and neither has a chart I want to trade.

(See the complete first-round list at "Tuesday's Prospects".)

ETE, which gave a bull signal, is in the final phase of a rise from June 2013, too far advanced for me to trade.

And YNDX, a bear signal, has options that lack the open interest I need to construct a bearish vertical spread.

Also, YNDX is a Russian company whose stock declined by 14.1% on Monday during the brief Ukraine panic and so far today is up 8.7%. With so much news pressure, who knows what's really going on with that symbol?

Bottom line: No trade today from the prospects list.


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

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