Tuesday, March 17, 2015

Tuesday's Finalists

Two of the 25 symbols under consideration today failed confirmation by moving back within their 20-day price channels: TRV and EWG.

All but four of the others, all bull signals, had options that are unsuitable for building the leveraged and hedged trades that I'm looking for.

Two of the final four, AVB and AMGN, remain below resistance on the chart. I'm putting them on the Watchlist with alerts.

Two are true breakouts: INTU and XRT. I already hold a bull position in XRT, leaving INTU as a candidate for analysis.

Of the innovators that gave bull signals, NVO failed confirmation, but JBLU passed, and it is also a candidate for analysis.

Two symbols from the Watchlist were awaiting confirmation today after falling below support on the downside. OII failed confirmation. USO passed and is also a candidate for analysis.

So that's INTU, JBLU and USO to be analyzed today as potential bull plays and AVB and AMGN added to the Watchlist.

New Watchlist alerts
  • AVB >181.32
  • AMGN >173.14

I shall say up front that I'm not at all sanguine about taking on so many bull plays in today's market. More thoughts on that when I do the analyses.

-- Tim Bovee, Portland, Oregon, March 17, 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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