Friday, February 6, 2015

Friday's Finalists: Full Report

A failure of my data processing system overnight blocked completion of a full analysis of the 1,269 symbols in my analytical universe. I've re-run the analysis, and here is the full report, which was intended for posting Friday morning after the opening bell, on Feb. 6.

Of the eight symbols under consideration for the later stages of analysis (see "Friday's Prospects: Full Report" for the early stages), none made it past the post to a full write-up.

One failed confirmation: ST

Three showed momentum contrary to their signal: APD, IVZ and VTI.

Two had insufficient open interest to support my strategies: RPM and PACW.

One has an overly wide bid/ask spread: IDTI.

The lone bear signal, TZA, gets struck from the list of prospects immediately. It is a bear fund, meaning it moves opposite the market, and a 3x fund, meaning it is leveraged. I provide my own directionality and leverage through options and so don't trade such funds.

The one symbol from my list of innovative companies, NICE, showed strongly contrary momentum.

This report is late, as discussed in the note above. As it turns out, there were no missed opportunities. Good to know.

-- Tim Bovee, Portland, Oregon, Feb. 6, 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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