It confirmed the signal and has a bearish chart, but the options won't work to construct a trade. They are required in order to build a bear position. I plan no further analysis based on Wednesday's markets.
Four symbols from my potentials list have imminent earnings announcements. Microsoft (MSFT), Ford (F), Petrobras (PBR) and Procter & Gamble (PG). In an analysis posted this morning, I rejected F and PBR. I intend to open very-short-term volatility plays on MSFT and PG, if today's trading patterns make it advisable.
-- Tim Bovee, Portland, Oregon, Oct. 23, 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. My very short term volatility trading rules 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.