Of the 11 symbols that made it to the finals, all were confirmed as they continued to trade outside of their 20-day price channels. However, the four that had given bear signals have insufficient open interest on their options for use in putting together a position. And the seven that had given bull signals all have bearish charts. (See "Friday's Prospects".)
The result is that I have nothing I can trade, or even analyze further, from among the symbols that gave bull or bear signals on Thursday.
I am again running my analysis. It won't be complete in time for today's session, but I'll do further analysis of Thursday's market session over the weekend for potential action on Monday.
-- 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.License
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