Live: Friday, November 22, 2019

2 p.m. New York time

Two shares left the momentum portfolio screen. I exited AMED at $157.63 per share, a $1.30 profit, and SAH at $32.71, a 17-cent loss.

The momentum portfolio continues to show its tendency to whipsaw. There may be use momentum screens, but this isn’t one of them. I’m phasing it out, replacing exit with buys in the upgrades and revisions portfolio, which so far has been more stable.

To that end, I entered share positions in the upgrades and revisions portfolio on AEL, for $28.98, and DCO, for $48.48.

AMED produced a 0.8% return over one day for a 303% annual rate. SAH showed a 0.5% loss over one day for a -188% annual rate.

The shares portfolios line-ups as the week draws to a close:

Momentum plays: MUSA, NSIT, ORN and SEM. (NSIT also shows on the revisions portfolio).

Upgrades and revisions plays: AEL, BMCH, CNNE, CRAI, DCO, IBP, MHO, NSIT and SSD.

Income: DX, HYG.

Of my six short iron condor options positions, I exited one, GDX, on Thursday. The remaining five all remain within their zones of profit at expiration.

TLT, XLU and XLY are showing a profit, although they are below half of maximum potential profit, my exit trigger. XLU is closest at 43.5% of max.

APA and XOP aren’t profitable at present, with XOP at worst shape as it wanders in and out of profitability.

By Tim Bovee, Portland, Oregon, November 22, 2019


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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