SNH, the lone bear signal among the three, failed confirmation, rising back within its 20-day price channel in early trading today.
The two bull signals, EPD and CCE, have charts that are insufficiently bullish to support a trade.
I plan no further analysis or trades today based on Thursday's markets.
None of the potential volatility plays keyed to earnings announcements met my requirements, so I plan no analysis today under my very short term volatility rules.
-- Tim Bovee, Portland, Oregon, Nov. 21, 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
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Based on a work at www.timbovee.com.