Friday, September 12, 2014

Friday's Finalists (complete): None

The "Friday's Finalists" post this morning was complete; a power failure overnight had interrupted my analytical programs.

I've rerun the analysis, and actually, came up with the same results: Nothing that happened on Thursday is worth looking at more deeply as a potential trade.

Out of 14 symbols that made it past the early rounds of analysis (see "Friday's Prospects (complete)" for the revised write-up), three failed confirmation, three potential bear plays had insufficient open interest on their options for me to build a bearish position, and the rest had charts that were contrary to their signals.

NVO appears on my list of innovative companies because it is listed in a book on innovation, Firms of Endearment by Raj Sisodia, Jag Sheth and David B. Wolfe. However, its chart is insufficiently bullish to support a bull play.

That puts a wrap on Thursday's market. No further analysis needed.

-- Tim Bovee, Portland, Oregon, Sept. 12, 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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