Live: Thursday, Aug. 8, 2019

4:40 p.m. New York time

My order on EEM expired unfilled.

10:05 a.m. New York time

I’ve placed an order for a short iron condor on EEM. My asking price is $0.55. No fill yet.

9:35 a.m. New York time

I’ve added ARKW to my managed shares portfolio, for an entry price of $50.11. The Fisher Transform gave a buy signal yesterday, and the trend is confirmed by a Bullish Engulfing candlestick pattern.

ARKW20190808
ARKW bullish engulfing pattern, daily bars at the Aug. 7, 2019 close

 

 

This brings my holdings back to three as the markets settle after the large drop earlier in the week.

sym slot # price $ sector
GDXJ 1 40.79 metals
SLV 2 15.88 metals
ARKW 3 50.11 technology-internet
(empty) 4
(empty) 5

I declined 11 Fisher Transform buy signals from Wednesday because they lacked trend confirmation. They are ACWX, BBJP, EIDO, EWC, EWJ, EWP, EWQ, EWT, XHB, XLU and XLY.

By Tim Bovee, Portland, Oregon, August 8, 2019

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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