Wednesday's Prospects: Round 2

The final stages of my second round of screening were a tight contest. I even had to resort to tossing out signals whose trends were at odds with the Zacks forecast, such as a bull signal with a bearish Zacks rating, in order to pry the closely matched symbols apart.

In the end, it came down to three symbols, all with bear signals and ambiguous charts. I chose to look more closely at Whole Foods Market Inc. (WFM), which ranks second in liquidity and which has a bearish Zacks rating. The other two, IDIX and EMR, are rated neutral by Zacks.

I'll post a full analysis of WFM prior to the closing bell.

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.