Of 501 large-cap stocks and exchange-traded funds in my analytical universe, none meet my criteria for further consideration as options plays and qualify for small-lots stock trades.
There are no prospects for trades coinciding with earnings announcements.
Out of 840 symbols put through Turtle Trading analysis market close, none broke beyond the upper boundary of their 20-day price channels.
Out of 55 potential earnings plays, one qualifies for a trade with a bull Zacks rating and a positive Zacks Investment Research earnings surprise predictor.
I shall do further analysis of trades on Friday, July 29.
The next earnings season began on July 11 and will last for six weeks, through Aug. 19.
Small Lots: Earnings plays
-- Tim Bovee, Portland, Oregon, July 28, 2016
Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.
Small Lots: A new strategy discusses the thinking behind the analysis that identified these trades and can be read here. The symbols noted in this post are intended fortrading on a commission-free platform such as Robinhood Financial.
I can be reached via comments on Private Trader posts or by email at firstname.lastname@example.org.
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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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