Hey Guys,
The market had a really strong surge on Friday, but then gave it all back in the hour leading up to the opening bell this morning. The S&P 500 is right around 4,560 right now.
I had a couple positions reach profit targets since my last email. My UAL options hit the profit target on Friday, and this morning my stock position for LOW hit its profit target. It was fun to see LOW surge this morning despite the rest of the market showing weakness.
I picked up a bunch more new positions today. In the main account, I bought stock for MSFT and CDNS. In the options account, I bought options for AMZN and TSM. In the double down account, I bought options for MSFT.
I enjoy it when trades set up for big names like Amazon and Microsoft. When you combine those with our positions on Tesla and Google, we have a lot of powerhouse companies in our portfolio right now.
My main account has no more buying power available. So until one of those existing positions gets closed, I can't take on any new trades. In fact, this morning I was only able to buy CDNS after that LOW position reached its profit target.
If you have any questions or feedback, I'd love to hear from you.