Tuesday's Prospects: Round 2

Only three symbols, each from a different class, survived my first round of analysis and none of them made it through the second round. (See "Tuesday's Prospects".)

The mid/large cap survivor, GLPI, has insufficient open interest to support a bear play.

The small cap survivor, WPT, started trading in August 2013. I require at least a year of trading history before I'll open a position in a stock.

And the large cap bear signal from my supplemental list, ATVI, is in an uptrend. True, it is the later stages of the trend, but it isn't at all clear that a downtrend has begun.

Therefore, I have no intention of placing any trades off of today's prospects list.

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