4/12 – 3:20 p.m. New York time
I made no trades today.
4/12 – 11:25 a.m. New York time
Same song, different day. SPY continues a near-term sideways pattern, which I count as an upward correction within an ongoing downtrend.
Expiration of my options in the positions is more than a month away, so there’s time for the correction to complete its work and the downward movement to resume.
I hav two positions in SPY, whose entry analyses are here and here. I have been concentrating my efforts on broad indexes since the bear market began on Jan. 26 and have no entries into new positons in sight today.
By Tim Bovee, Portland, Oregon, April 12, 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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