KANG and PTRY failed confirmation, and MRCY is showing downward momentum that is contrary to its bull signal.
The remaining bull signals, BXE and ZTCOY, had bearish charts.
Both bear signals, GDP and MITT, failed because they lack the options liquidity to construct positions that profit from a price decline.
I won't be posting any analyses from the prospects list today.
See "Monday's Prospects" for a description of the first-round analysis.
-- Tim Bovee, Portland, Oregon, July 7, 2014
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.License
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