Hey Guys,
The S&P 500 is at about 5,200 this morning, which is around the same spot as it was yesterday. But that's after taking a big dip down yesterday and then recovering. The market is still highly volatile.
There are no new trades today. It's another quiet day here with my accounts. I looked ahead a bit to see what stocks out there might be forming an uptrend (a core criteria of my trading strategy), and there are indeed some. For example, some companies recently reported earnings and saw their stock prices go up. Those might be prime candidates for my trading strategy in the coming days.
Those are good examples of how even in tough market conditions, there are still some companies that might perform well. It might be companies that reported good earnings, or companies in sectors that could thrive even when the market is turbulent, etc.
Regardless, my job is to stick to the plan, and that's what I'll do. So for today, there are no new trades, but we'll see what the rest of this week brings.
If you have any questions or feedback, I'd love to hear from you.