Two price reports dominate the week’s economic reporting: Consumer prices on Thursday and producer prices (final demand) on Wednesday, each at 8:30 a.m. New York time.

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10:55 a.m. New York time

I anticipate no exits from my existing positions, SPY and ARKG, and no other trades today. See the chart analysis posted on Thursday.

On Saturday I shall post The Week Ahead, a look at next week’s econ reporting.

By Tim Bovee, Portland, Oregon, July 6, 2018

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10:25 a.m. New York time

I have revisited the lower degrees of my SPY and ARKG analysis. Neither requires a trade this morning.

SPY has completed its 3rd wave at the Micro level and is now tracing out a counter-trend 4th-wave triangle, all of that within a 3rd wave decline at higher degrees.

The chart covers 20 days with one-hour bars.

ARKG appears to have completed an A wave of the Minuette degree as it begins to work through a 4th wave correction at the Minor degree.

The chart covers one year with daily bars.

The next earnings season begins next week. Since the bear market began on Jan. 26, I’ve stayed away from earnings plays. I plan to revisit the issue this time around. That’s no guarantee that I’ll add such plays into my mix, but I want to see if I can get some sense of predictability that would allow me to profitably add them back into my trading mix.

By Tim Bovee, Portland, Oregon, July 5, 2018

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10:10 a.m. New York time

My Elliott wave analyses of SPY and ARKG, posted June 25, continue to play out. I anticipate no trades today.

A reminder that the U.S. markets will be closed tomorrow — Wednesday — for the American Independence Day celebration.

By Tim Bovee, Portland, Oregon, July 3, 2018

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11:50 a.m. New York time

No trades in sight today. The analysis of my SPY and ARKG positions is unchanged.

By Tim Bovee, Portland, Oregon, July 2, 2018

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