Friday's Agenda, Not so fast

I had intended to anaIyze JPM as a possible directional trade following a bear signal, and said so in the original "Friday's Agenda" post.

The bear signal that triggered the trade was a close yesterday below the 20-day price channel. However, the chart today shows JPM trading back above the 20-day channel. That negates the signal and means that JPM is no longer a prospect.

So, away with you, JPM! With no potential earnings plays on my desk, that means no new analysis for the day. Enjoy the weekend.

-- Tim Bovee, Portland, Oregon, Feb. 12, 2016

References

Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

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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.

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