Hey Guys,
The market rebounded in a big way yesterday. After getting dunked on Wednesday with the Fed announcement, it roared back yesterday. The S&P 500 is around 4,915 right now.
I hit my profit target on MSI this morning and on TJX yesterday. Also, my STZ option position that reached its time limit yesterday ended up with a profit despite being down almost 50% in value at the start of the day.
It was a solid week overall. Based on closed trades, my main account went up 3.6% in value and my option account went up 3.0% in value. There weren't a ton of trades, but the ones we had were profitable ones.
The fact that the market rebounded so forcefully after Wednesday's dip is yet another sign of market strength. A market environment like that is often great for our trading strategy.
There haven't been any new trades yet today.
If you have any questions or feedback, I'd love to hear from you.