Tuesday, August 23, 2016

Wednesday's Prospects

Screening of the Tuesday, Aug. 23 markets identified five prospective trades out of the two datasets and four strategies that I'm using.

This week, for options trading, I reviewed 474 symbols in my large-cap stocks and exchange-traded funds, and for share trading, I reviewed 953 symbols of stocks and funds of all capitalizations. For both I reviewed 1,412 companies publishing earnings.

I use four strategies in my trading, in response to trading signals (such as breakouts above the 20-day price channel), high implied options volatility, and persistently rising trends on a chart, and in anticipation of events ( such as earnings announcements).

 options  shares 
signalsN/A0
earnings00
volatility0N/A
stoch-rsiN/A5

I shall make final trading decisions on Wednesday, Aug. 24.


Elliott Wave Principle
by Robert Prechter


Below are the candidates for analysis for each strategy.




Shares:Stochastic-RSI


Five trades selected from these symbols:


MRLN
CIGI
PRGS
SREV
OHI
NTRI
NNDM
ADVM
AHC
GALT
MMSI
TBNK
MTGE
HTLF
EEP
RPRX
HTBX
GNMK
SQNM
GPT


Notes

The next earnings season begin in mid-October.

Options:Earns: HPQ and SDRL will need to improve their implied volatility before I'll take time for a full analysis. HPQ's IV stands in the 28th percentile in relation to its one-year rnge and SDRL in the 14th percentile.

-- Tim Bovee, Portland, Oregon, Aug. 23, 2016

References

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 datnillc@gmail.com.

Alerts

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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.
License

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All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.

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