Tuesday's Finalists

Of the nine symbols under consideration today, three failed confirmation by moving back within their 20-day price channels: TRS, PRO and EEFT. (See "Tuesday's Finalists" for the early rounds of screening.)

Four lack sufficient liquidity in their options grids to support the leveraged and hedged trades that I prefer: MUSA, THOR, TJX and FCE.A.

That leaves NTES and EA as the finalists

NTES lacks Weeklys in its options inventory. That would require me to open a position that would likely last into earnings season, which begins next week. I'd prefer not to tie up the funds.

EA does have Weeklys and otherwise meets my criteria. I'll analyze it today as a very short term volatility play.

One symbol qualified as a potential trade coinciding with the earnings announcement. I posted an analysis this morning: "MON: Iron condor, volatility rules".

-- Tim Bovee, Portland, Oregon, March 31, 2015

References

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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Disclaimer

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.

License



All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.Tss s ss'ss