Hey Guys,
The market made up the ground it had lost the night before and is showing signs of strength. The S&P 500 is around 4,760 right now.
Here's how the chart looks:
That's a nice "U" shape that's come together over the last week. And it epitomizes the trade setups I look for: pullbacks on stocks that have been in a strong uptrend.
I had a couple positions reach profit targets this morning. My stock position on DHI from the main account actually gapped up past its profit target for a slightly oversized profit. My double down option position for LOW hit its profit target. I also manually closed a couple stock positions that reached their time limits: MTB and LUV. One came in at exactly breakeven and the other had a nice partial profit.
I took on a couple new positions today. In the main account, I bought shares of stock for COF. I bought the options for COF in the options account.
If you have any questions or feedback, I'd love to hear from you.