Friday, November 18, 2016

Monday's Prospects

Screening of the Friday, Nov. 18 markets identified three 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/AN/A

I shall make final trading decisions on Monday, Nov. 21.

Visual Guide to Elliott Wave Trading
by Wayne Gorman

Below are the candidates for analysis for each type of analysis.






The current earnings season ends Nov. 22. The next season begins in mid-January.

Three symbols technically qualify for options volatility plays. However, TLT and GDXJ have in the shorter term had rapid declines in volatility, and I judge that most of the profit potential has passed. TBT, a fund that shorts and magnifies longer-term bonds issued for 20 years or longer, including U.S. Treasuries. I'm steering clear of it because of the political uncertainties impacting U.S. sovereign debt. I'm passing them all without further analysis.

-- Tim Bovee, Portland, Oregon, Nov. 18, 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


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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.

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