Friday, March 20, 2015

Friday's Finalists

One of the five symbols under consideration today, all with bull signals, failed confirmation. It is VNTV. (See "Friday's Prospects" for a description of the early rounds of analysis.)

Of the remaining four, three have options grids that fail to meet my standards for trading. CERN, ADI and AAT lack sufficient open interest on their options for me to use in construction positions that are both leveraged and hedged.

That leaves YHOO, which I have concluded is a counter-trend play. I'll post a brief analysis explaining why.

I also intend to look at YHOO as a paper trade under my project to test application of my volatility rules to non-event situations. (See "Testing: Expanding the volatility strategy".)

-- Tim Bovee, Portland, Oregon, March 20, 2015


My price channel trading rules can be read here. My long-term share trading rules can be read here.  My volatility trading rules can be read here. The channel rules are based on the classic Turtle Trading rules, which can be read here.

Elliott wave analysis tracks patterns in price movements. The principal practitioner of Elliott wave analysis is Robert Prechter at Elliott Wave International. His book, Elliott Wave Principle, is a must-read for people interested in this form of analysis, as is his most recent publication, Visual Guide to Elliott Wave Trading

Several web sites summarize Elliott wave theory, among them, Investopedia, StockCharts and Wikipedia.


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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 decision decisions for his or her own account, and take responsibility for the consequences.

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Based on a work at s ss'ss

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