Monday, January 12, 2015

Monday's Finalists

All four symbols that survived the early rounds of analysis (see "Monday's Prospects") have failed to make the finals.

CXP failed confirmation, moving back within its 20-day price channel, and XON, while confirming, moved sharply contrary to its bull signal, showing a disqualifying lack of momentum.

Two failed because of very wide bid/ask spreads on the front-month at-the-money options: TEX at 12.5% and BMO at 34%. I require single-digit spreads.

Turning to my two bull signals from the innovative companies list, both TWTR and YELP are within 30 days of their earnings announcements, disqualifying them under my shorter-term and longer-term rules. Both will come up for consideration the day before their earnings announcements under my volatility rules.

YELP also failed confirmation, also disqualifying.

I shall make no trades based on signals from Friday's markets.

I analyzed AA and KBH as volatility plays (see the analysis here), but neither passed muster.

-- Tim Bovee, Portland, Oregon, Jan. 12, 2015


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.


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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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