Thursday, July 3, 2014

Thursday's Prospects: Round 2

None of the three survivors of my first round of analysis made it past the second round. One failed confirmation and the other lacked momentum in the direction of the signal.

The one remaining, SCAI, has given a bull signal on a bearish chart.

See "Thursday's Prospects" for a discussion of the first round of analysis.

I don't intend to post any detailed analyses today.

-- Tim Bovee, Portland, Oregon, July 3, 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.

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