Saturday, October 22, 2016

Monday's Prospects

Screening of the Friday, Oct. 21 markets identified eight prospective trades.

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 charts signaled by the stochastic-relative strength index indicator, and in anticipation of events ( such as earnings announcements).

 options  shares 
price channelN/A2
earnings50
volatility0N/A
stochastic-rsiN/A1

I shall make final trading decisions on Monday, Oct. 24.


Illusions of Wealth: Actively Manage Your Investments or Expect Losses in this Volatile Economy
by Doug Eberhardt


Below are the candidates for analysis for each cell of the quadrant.


Shares: Price Channel


AJX
BSAC

Options: Earnings

The dates are those of the events, all of them earns announcements. Events prior to the opening bell are marked "am", during the trading day "mid", and after the closing bell "pm".

Monday pm
V
AAPL
Tuesday am
CAT
FCX
GM

Shares: Earnings

The dates are those of the events, all of them earns announcements. Events prior to the opening bell are marked "am", during the trading day "mid", and after the closing bell "pm".

Monday pm
(none)
Tuesday am
AKS
CAT
KKR
SCHN

Shares: Stochastic-RSI-80


INCR

Notes

The current earnings season began on Oct. 11 with AA's release of earnings and will continue for six weeks..

-- Tim Bovee, Portland, Oregon, Oct. 22, 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.

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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

Creative Commons License

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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