Monday, March 30, 2015

Monday's Finalists

Both of the symbols from the main list under consideration today passed confirmation. They gave bull signals on Friday. A third symbol, SJM from my list of innovative companies, failed to confirm its bull signal. (See "Monday's Prospects" for the early rounds of screening.)

One of the symbols that made it to the finals, VRNT, has options that are too illiquid for the leveraged and hedged trades that I favor. The other, CAG, lacks Weeklys in its options inventory, making it unsuitable for the very short term trades that I'm doing these days.

So while both would merit a further look under other circumstances, I shall give them a pass today and instead spend my time looking at ways to extend my very short term volatility rules to a greater range of conditions. That research could produce some paper trades but nothing where money is at risk.

-- Tim Bovee, Portland, Oregon, March 30, 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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