The two bear signals, CZZ and RNA, have insufficient open interest on their options to allow construction of a bearish position.
Of the bull signals, WLMIY failed confirmation by moving back within the 20-day price channel, and NPD has a bearish chart that runs contrary to the signal.
I won't be doing further analysis on any symbols from today's prospects list. See "Thursday's Prospects" for a rundown on the first-round analysis.
-- Tim Bovee, Portland, Oregon, July 10 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
All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Based on a work at www.timbovee.com.