Indeed, one symbol, MDVN, has fallen below any reasonable interpretation of the prior range, yielding a negative percentile, something I haven't often seen.
None of the six is near enough to qualifying to be worth checking during the day, so although I shall, in the rather obsessive manner of most traders, check, I anticipate no full analyses and no new positions today.
A chart of the prospects and their implied volatility percentiles.
-- Tim Bovee, Portland, Oregon, May 5, 2016
by Courtney Smith
Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.
Elliott wave analysis tracks patterns in price movements. StockCharts has a good explainer. The principal practioner 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.
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