Friday, March 27, 2015

Friday's Finalists

Of the six symbols under consideration today, three failed confirmation by moving back within their 20-day price channels: TVPT, FANG and DISCA. The remaining three have options grids that are too illiquid for use in building hedged and leveraged positions.

See "Friday's Prospects" for a description of the early rounds of analysis.

Bottom line: No new positions today based on Thursday's markets. Also, there were no prospects for volatility plays timed to coincide with earnings, and no symbols from my list of innovative companies that gave trading signals.

I'll spend the day working on my project to expand my very short term volatility strategy to situations other than earnings announcements.

-- Tim Bovee, Portland, Oregon, March 27, 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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