The two finalists, THRX and TREX, lack sufficiently liquid options to support the leveraged and hedged positions that I'm looking for these days.
Therefore, I won't be trading any of the five.
(See "Wednesday's Prospects" for a description of the early rounds of screening.)
One symbol, MU, made the grade as a potential trade coinciding with an earnings announcement. I've posted an analysis, "MU: Iron condor, volatility rules".
-- Tim Bovee, Portland, Oregon, April 1, 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.License
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