Of the four potential small-lot shares trades coinciding with earnings announcements, one qualifies for a trade. SUI has both a sufficient upside momentum as measured by the MACD histogram and a b bullish Elliott wave count on the chart.
Two -- TSE and AET -- fail to qualify for a trade because of both an downtrending or insufficiently uptrending MACD histogramand because of downtrending Elliott wave analysis.
A third, ANIP, fails on the MACD but qualifies on Elliott. I require that both confirm the uptrend, so I the symbol.
Of the three potential small-lot shares trades that moved above their 20-day price channels, both ATTO and INVA have qualifying MACD histograms and Elliott wave counts. A third, PXD, qualifies on the MACD but fails with Elliott.
I had listed GLD as near a MACD histogram breakout to the upside, qualifying it as a small-lots shares trade. However, the MAC remains below the zero-line. I'll continue to keep an eye on it.
Bottom line: I intend to do a full analysis of SYF and LQD as potential options trades. I shall trade shares of SUI, ATTO and INVA using the small-lot strategy.
-- Tim Bovee, Portland, Oregon, Aug. 1, 2016References
by Antonio Garcia Martinez
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.
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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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