Live: Thursday, Dec. 7, 2017

12/7 – 10 p.m. New York time

I have updated the analyses of AVGO, DGLULU and SPY.

12/7 – 2:40 p.m. New York time

Outcomes: I entered no new positions, exited AVGO, DG, LULU and SPY.

12/7 – 1;40 p.m. New York time

I have exited my SPY position and shall roll it forward to a new position in the series.

12/7 – 9:55 a.m. New York time

I have exited my positions on AVGO, DG and LULU, each for a profit.

I’ve checked the four potential new positions on my agenda today, all earnings plays using shares, and none qualify for further analysis or trading, so I am removing them from my desk. The four are ADBC, COO, DLTH and FNSR. This morning each has a low average directional index (ADX), meaning they aren’t trending strongly, and all but AOBC are in a directional index (DI) reversal state, meaning that their tendency is downward.

12/6 – 9:30 p.m. New York time

I have no prospective new positions for action on Thursday.

In assessing the possibilities, I looked at four potential earnings plays, all of them using shares. Each fails to meet my standards in some way.

AOBC fails every way possible, a negative Zacks earnings surprise predictor (ESP), a bear rank from Zacks, a bearish reversal on the directional index (DI) spread and a low average directional index (ADX).

COO has a weakly positive ESP, too week to meet my stands, and flawed DI and ADX metrics.

DLTH has a strongly negative (-100) ESP and a low ADX, the latter suggesting it isn’t trending.

And FNSR, while having a sufficiently postive ESP, has a bearish DI and a non-trending ADX.

I shall recheck the metrics after the opening bell, more out of due diligence than of any hope of a turnaround.

By Tim Bovee, Portland, Oregon, Dec. 6-7, 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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