Hey Guys,
The market went from being up nicely to start the day yesterday to now being down noticeably since then. The S&P 500 has dropped 150 points since yesterday's high. It's the first major red we've seen from the market in a bit. The market has been awfully strong over the last month, so let's see how it responds.
My PNC stock position reached its stop loss this morning. And in my options account yesterday, those three positions that reached their time limits had outcomes that offset the profits I had made earlier in the week. All in all, it was a mixed bag for both accounts this week, with both coming in a bit below breakeven for the week.
I took on a few new trades today. In the stocks account, I bought a position for SPXL. In the options account, I bought options for XLI and FXI. I had bought FXI options yesterday, but today's options are based on my double down strategy and are using a different strike price.
I have a full house of positions in my stocks account. In fact, I only had enough buying power to take on one new trade today.
If you have any questions or feedback, I'd love to hear from you.