Friday, November 14, 2014

Friday's Finalist: DISH

DISH was the lone survivor of the early rounds of analysis (see "Friday's Prospects"), and it tripped up once the markets began trading this morning.

The symbol failed confirmation by falling back within its 20-day price channel, negating the bull signal and taking it off my list of stocks to consider.

That leaves me with nothing to analyze from Thursday's market session.

I also was looking at a short list of companies announcing earnings after the close today and before Monday's open. However, they proved to be either too illiquid or to have overly wide bid/ask spreads on their options. They aren't symbols I can trade.

So expect no new analyses today. I shall spend the free time doing preliminary prep for next week's earnings announcements in the hope of reducing the analytical crunch.

With earnings season winding down on its down -- I count Nov. 22 as the final day -- that particular tactic will be dropping by the wayside for awhile, until the next earnings season begins on Jan. 12.

There are, of course, always a few out-of-season announcements, earnings that travel their lonely paths through the calendar like rogue planets floating through space without companions and a sun. I'll keep my telescope pointed skyward to catch them, and use them as a vehicle for a short volatility play, as appropriate.

-- Tim Bovee, Portland, Oregon, Nov. 14, 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.

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