4/4 – 3:15 p.m. New York time
I entered no new positions today and exited none.
4/4 – 11:25 a.m. New York time
The S&P 500 remains in a 3rd wave down by my count using Elliott wave analysis. This mornings price decline brought one of my bearish vertical spreads on SPY to 27% of maximum potential profit, and the other to 10%. My goal is 50% or better, so I am taking no action this morning.
I have no prospective new positions today.
By Tim Bovee, Portland, Oregon, April 4, 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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