Live: Wednesday, November 29, 2017

11/29 – 3:10 p.m. New York time

I entered an options position on KR and shares positions on DSGX and MIK. I exited a shares position on PSTG.

11/29 – 2:55 p.m. New York time

I entered positions on DSGX and MIK.

11/29 – 2:35 p.m. New York time

I’ve entered a position on KR.

11/29 – 1:10 p.m. New York time

I have exited my shares position on PSTG after earnings were published.

11/29 – 8:40 a.m. New York time

KR’s average directional index (ADX) strengthened, showing that the stock is now trending. I am adding it to today’s agenda.

MIK’s upward directional indicator (+DI) moved above its downward companion (-DI), qualifying the symbol to join DSGX as shares trades.

Bottom line: Three trades, one of them options and two shares.

11/28 – 8:35 p.m. New York time

Wednesday is a day a many possibilities and few successes.

There are 19 symbols standing at the gate for the final round of analysis, two earnings plays using options and 17 using shares.

But of them, only the two options possibilities, KR and WDAY, and a single shares prospect, DSGX, have made it to the finals, and the two options plays each has a flaw that will knock it out of contention unless it changes after the opening bell.

DSGX, the shares play, is all but a done deal. I shall place a trade on it.

KR and WDAY, the options plays, have average directional indicators (ADX) below 25%. But in the case of KR, the metric is 24.44, and WDAY’s, while further out, is at 20.61 and so within reach.

Neither has a directional indicator (DI) reversal, with rising DI (+DI) lower than the falling DI (-DI). So each is an uptrend, potentially, but without a sufficiently high ADX, there is no trend.

Complicating matters further, the Zacks earnings surprise predictor shows a positive surprise for KR and  negative one for WDAY, both with substantial odds of actually happening.

The metrics are mixed on each, and the ADX, +DI and -DI metrics are volatile. To play these, I need an ADX of 25 or above for KR in order to match the earnings surprise predictor, and the same for WDAY, with the addition of a DI reversal in order to match the ESP.

So those two options plays will be my first check on Wednesday, followed by a check of the remaining 19 symbols — all shares plays —  to see if anything has changed.

By Tim Bovee, Portland, Oregon, November 28-29, 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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