Live: Thursday, January 9, 2020

11:35 a.m. New York time

Here are today’s stock trades:

  • Value Portfolio
    • Entries
      • MET, for a $52.53 debit
      • SIG, for an $18.84 debit
  • Growth Portfolio
    • Exits
      • AMED, for a  $173.74 credit, up $6.26 from entry, producing a 4.7% return over two days, or a +682% annual rate.
      • TX, a $22.02 credit, a gain of 8 cents from the price at entry. The return is 0.4% over one day for a +133% annual rate.
    • Entries
      • FN, for a $66.00 debit
      • MHO, a $42.83 debit
  • Momentum Portfolio
    • Exits
      • ENPH, for a $31.74 credit, up $2.91 from the entry level, producing a 10.1% return over two days for a +1,839% annual rate.
      • PERI, an $8.41 credit, up 22 cents from entry, showing a return of 2.6% over one day for a +960% annual rate.
  • Bench Portfolio
    • Transferred in from
      • Growth: CNXM
      • Momentum: DQ, PFGC, TALO and TNK

11:05 a.m. New York time

Stocks. As noted below, I’m discontinuing the Momentum Portfolio as a primary vehicle. I’ll retain it as a secondary, meaning if a symbol is dropped from one of the other portfolios but appears on the Momentum screen, I’ll retain it until it disappears from that screen as well. And, if it has disappeared from all screens but still has a “strong buy” score from Zacks, I’ll hang onto it in the Bench Portfolio.

Meanwhile, I’m building out the Value Portfolio as a new primary vehicle, which I expect to be fairly stable. By Value I mean stocks who appear to be worth less than they should be according to their financial metrics.

Today I exited two positions from Growth and Momentum, respectively, added two each to Value and Growth, transferred four from Momentum to the bench, and ignored five additions to Momentum. Details to come.

10 a.m. New York time

In stocks, today’s Momentum Portfolio changes using the Zacks algorithm continues to churn — 10 exit signals, most of which were entry signals within the last couple of days.

I am declaring the Momentum Portfolio to be a failure, won’t be replacing today’s exits and will retire the portfolio as soon as the positions that remain have received their exit signals.

9:45 a.m. New York time

I’ve entered a short iron condor position on XLE and posted the analysis.

9:35 a.m. New York time

The implied volatility rank on XLE, the energy exchange-traded fund remains above 30% and the uncertainty in the Middle East appears to have lessened. I’ll be analyzing XLE for a short iron condor position this morning.

By Tim Bovee, Portland, Oregon, January 9, 2020


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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