Live: Friday, October 13, 2017

10/13 – 3:20 p.m. New York time

Two trades today: I entered SCHW and exited WFC.

10/13 – 2:30 p.m. New York time

I have entered an earnings play on SCHW.

10/13 – 2:10 p.m. New York time

I have exited WFC for a loss. The share price moved below my breakeven after earnings were published. Results to come after I complete my SCHW trade.

10/13 – 12:50 p.m. New York time

I’ve decided to wait before rolling GLD forward to a new position inĀ  a series of bullish trades. The present pause came at about highs GLD attained last June and last April, making them natural resistance or reversal points. (See the left-hand chart.) A closer view, in the right-hand chart, shows that in the very near term the uptrend has broken. My preference is to trade with the trend. A persistent break above $123.75 — the high in overnight trading — would signal that the uptrend has resumed, prompting me to re-enter GLD.


GLD: 1 year daily bars (left), 24 hours 10-minute bars (right)

10/13 – 11 a.m. New York time

SCHW continues to qualify as a potential trade, and I shall do a full analysis later today.

I have exited GLD for 50% of maximum potential profit and shall roll it forward to a new position within the series.

10/12 – 7:05 p.m. New York time

I shall consider SCHW as a potential earnings play on Friday.

By Tim Bovee, Portland, Oregon, October 12-13, 2017


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 decisions for his or her own account, and take responsibility for the consequences.

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