10:20 p.m. New York time
And my often ignored shares position on SPXU, an S&P 500 inverse and leveraged fund, remains unprofitable. If the bearish conclusion of my Elliott wave analysis turns out to be correct, then it will return to profitability in the near term.
Rather than adding to my positions today, I’m waiting until next week in the interest of providing some time diversity to my holdings.
On Saturday I shall post the Week Ahead of what to look for next week.
By Tim Bovee, Portland, Oregon, Sept. 7, 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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