Live: Tuesday, April 10, 2018

4/10 – 3:15 p.m. New York time

SPY remains below the high of April 5, continuing its sideways movement. I have exited no positions and entered none.

4/10 – 11:50 a.m. New York time

SPY remains bound within a range, today’s high so far staying below the April 4 peak within the present sideways move. Like yesterday, it’s a wait-and-see day.

Facebook Inc.’s CEO Mark Zuckerburg testifies before Congress today about the company’s handling of user data security. FB is has the 4th largest market capitalization among the S&P 500 companies, so if his hearing produces any OMG! moments, the index on which SPY is based might get a short-term bump.

The entry analysis for my positions on SPY are here and here.

By Tim Bovee, Portland, Oregon, April 10, 2018

Disclaimer

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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