Thursday, March 12, 2015

Thursday's Finalists

Eleven symbols are under consideration today as potential trades. (See "Thursday's Prospects" for a description of the early rounds of screening.)

One, RWLK with a bear signal, has no options and so should not have made the finals.

Four failed confirmation by moving back within their 20-day price channels: AMZN, EWP, MRKT and PPG.

Five have insufficient open interest on their options to provide leverage and hedging ability in a position: RYAM, IPXL, CHUY, SMH and BTI.

That leaves BHP as a potential bear play.

Although BHP broke below its 20-day price channel, the price remains above resistance on the chart, at $42.92. Pending a break below that level, I am adding BHP to my Watchlist with the following alert:
  • BHP, <42.92
I plan no further analysis today based on Wednesday's markets.

-- Tim Bovee, Portland, Oregon, March 12, 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.


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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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