Hey Guys,
The market is still in volatility mode. I took this screenshot before the market opened to demonstrate the volatility:
This is a chart of the MES futures. It's the main chart I follow every day to track how the market is doing. It's correlated with the S&P 500.
That bar on the far right represents the price activity between late yesterday and this morning before the market opened. What is shows is that the MES futures had an 80-point wingspan, all just overnight.
On top of that, there is some Fed stuff going on this week. So there might be volatility in the air for the next several days.
I didn't pick up any new trades today, although the watch list is starting to grow. The bigger the watch list is, the more trade opportunities we have coming up the pipeline.
HMC is the only position in my portfolio that isn't green (and even then, it's at just about breakeven). CRH had a nice gap up over the weekend. Let's see if this profitability holds until the positions get closed out.
If you have any questions or feedback, I'd love to hear from you.