Wednesday, April 16, 2014

Wednesday's Prospects: Round 2

Both first-round survivors confirmed their signals, bearish from MBT and bullish from NGG.

MBT's options lack the open interest needed for me to construct a bear position.

That leaves NGG as the sole second-round survivor, and I shall write up an analysis prior to the closing bell today.

Sneak preview: It will be a short analysis, basically just a chart talk, because I have no intention of taking this trade.

See "Wednesday's Prospects" for the first-round analysis.


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.

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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