Live: Friday, Feb. 9, 2018

2/9 – 3 p.m. New York time

Outcomes: I entered a trend-following options position on FXE and exited two earnings plays using shares, HUN and MATX.

2/9 – 1:50 p.m. New York time

I have entered a bear call vertical spread position on FXE.

2/9 – 1:05 p.m. New York time

Only five out of the 44 exchange-traded funds in my pool are uptrending, contrary to the downtrend of the broad market. (The outliers are RSX, NUGT, SPXU, TBT and UUP).

Of the downtrenders, I’m most interested in re-establishing my bear position on FXE, which tracks the EUR/USD exchange rate.

2/9 – 12:30 p.m. New York time

I have no prospective earnings plays using options. APA came close, but the bid/ask spread is a bit wide.

Fifteen earnings plays using shares would be worth a further look, work it not for the aggressive downtrend in the broader market. Bullish shares prospects have become a rarity. Out of a pool of 94 symbols up for consideration today, five out of six are downtrending, as measured by the Fisher Transform metric. I plan no shares trades today.

2/9 – 11:30 a.m. New York time

I have updated HUN and MATX with results, and some thoughts on how to handle such cases, where the trade’s metrics are contrary to those of the greater market.

2/9 – 10:30 a.m. New York time

I exited share positions in HUN and MATX shortly after the opening bell. I shall update their analyses shortly.

By Tim Bovee, Portland, Oregon, Feb. 9, 20198


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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