Live: Tuesday, Jan. 30, 2018

1/30 – 3 p.m. New York time

I entered a shares position on TLND and exited an options position on FB and shares positions on MDSO and MTW.

1/30 – 2:05 p.m. New York time

Both of the my options prospects — CTL and WMB — have come up wanting, and I have removed them from my list.

CTL shows an uptrend on the daily-chart Fisher Transform metric, but on the 8-hour chart — a leading indicator — it shows a downtrend on the Fisher. I require that the signs — positive or negative — of both the Fisher and the earnings surprise predictor (ESP) be the same. CTL on the 8-hour chart shows a discrepancy, and I’m taking that as a warning season not to trade that symbol today.

WMB is downtrending on both the daily and the 8-hour charts, as measured by the Fisher Transform, and the ESP is also negative. However, as it was yesterday, implied volatility continues to stand below the 50th percentile of its annual range, which is disqualifying by my rules.

I don’t anticipate any further options trades today.

1/30 – 1:55 p.m. New York time

I have entered a shares position on TLND, which is uptrending on the Fisher Transform metric both on the daily chart and the more sensitive 8-hour chart. All of my other shares prospects have turned down on the 8-hour chart and therefore have been removed from my desk.

1/30 – 12:30 p.m. New York time

I shall be looking at two prospective options plays, CTL and WMB, and shares plays, AEE, CHGG, FMC, FUN, HII, SEDG and TLND.

Based on the closeness of the Fisher Transform to the zero line, the top prospect for options is WMB, and for shares, FMC, SEDG and TLND.

1/30 – 10:55 p.m. New York time

I exited three positions on Fisher Transform reversals: The options position on FB and shares positions on MDSO and MTW. I shall update their analyses with results later this morning.

1/29 – 7:45 p.m. New York time

I have three prospects for options entries: DE, GT and MAR.

I’m looking at 16 prospective shares trades for Tuesday. I pick from large lists based on the youngness of the uptrend,  the number of analysts, and the nearness to the zero-bar on the Fisher Transform metric. None rank high on all three metrics, but HCC, DLR and BLMN rank high on two each, and will be the pool for my first choice, if there is space in the account to make a trade.

By Tim Bovee, Portland, Oregon, Jan. 29-30, 2018


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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