10:50 a.m. New York time
The Fisher Transform for SPY is downtrending on both the daily and and weekly charts, and uptrending on my often unmentioned companion trade in SPXU, the inverse leveraged fund tracking SPY. Both trends are in the profitable direction.
The Fisher for ARKG has moved to downtrending on the daily chart, the unprofitable direction, although on the weekly chart it remains profitably uptrending. My focus is on the weekly for this long-term shares trade,
By Tim Bovee, Portland, Oregon, June 26, 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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Based on a work at www.timbovee.com.