Mindful Trader Commentary For January 25, 2023


Hey Guys,


The market is down this morning. It's earnings season and that could be having an impact on the market as a whole, for better or worse. The S&P 500 is back below the 4,000 mark now at around 3,980.


I bought a couple new positions today. I picked up stocks for DRI and ICE in the main account.


There are a couple of options from the watch list that are getting within range of triggering too. I've got buy limit orders in for GLW, FDX, PYPL, and AMZN options. Let's see if any of those gets filled today.


Yesterday I had two more positions reach profit targets: L and CB. Got those profits locked in just in time before the market dipped back down today.


I have a stock position in CCI, and that company is scheduled to report earnings after the market closes today. The stock price might get volatile. If you want to avoid that volatility, you can consider closing the position today. I'm going to hold it overnight in order to stay in lock step with the back-tested approach.


If you have any questions or feedback, I'd love to hear from you.


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