However, MCD failed to confirm its bear signal, instead gapping upward after the fast-food chain announced it is replacing its CEO.
I plan to open no positions based on on Wednesday's markets.
AAPL on my innovators list gave a bull signal and confirmed it today. But that's no trade for me. I already own shares under my longer-term rules and just a day earlier completed a very short term volatility play coinciding with earnings. I plan no further analysis or trades on AAPL today.
I have opened earnings plays on AMZN, GOOGL and MA. See the analysis here.
-- Tim Bovee, Portland, Oregon, Jan. 29, 2015
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.
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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.License
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Based on a work at www.timbovee.com.
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