Friday's Finalist: TCK

The Canadian mining company Teck Resources Ltd. (TCK) is the lone symbol to make it through my analytical hurdles, and I shall post a full analysis prior to the closing bell. It gave a bear signal.

Of the five other signals from Thursday's markets that are under consideration today, two -- CFX and NU -- failed confirmation by moving back within their 20-day price channels. Three others -- QIHU, LPNT and EWS -- had overly wide spreads on their up-front, at-the-money call options, removing them from consideration.

See "Friday's Prospects" for a description of my early rounds of analysis.

References

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 volatility trading rules can be read here.

Disclaimer

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.