Wednesday, May 14, 2014

Wednesday's Prospects: Round 2

Of eight symbols that survived initial screening, only one -- a bear signal on PSQ -- failed confirmation. The symbol would have been rejected in any case because it is an inverse equity exchange-traded fund.

Two other bear signals, NVTL and PER from the small-cap list, lack sufficient open interest on their options for me to construct a bearish position.

Of the others, all bull signals, only one , WWAV, has a bullish chart. ABC, CEO and CF each gave bull signals in the midst of downward corrections.

WWAV is a large-cap stock with average volume topping a million shares a day and also has a bullish rating from Zacks.

I intend to do a full write-up on WWAV and shall post it prior to the closing bell today.

See "Wednesday's Prospects" for information on the first round of screening.


My shorter-term trading rules can be read here. My longer-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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