Here's the decision tree:
Four of them failed confirmation: SLB, JCI, USO and XLB.
Of the remaining, three have insufficient open interest on their options to meet my needs: SEIC, COST and MSCC.
Of the two still in contention, one has an overly wide bid/ask spread: ITW.
That leaves XLY, the consumer discretionary spending fund, and I shall be posting an analysis prior to the closing bell examining it as a trade under my shorter-term rules.
-- Tim Bovee, Portland, Oregon, Feb. 4, 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.License
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