Hey Guys,
The market is around the same place as it closed yesterday, which means the MES futures are still hovering above the 4,000 mark.
I had two stock positions reach their time limits today, so I closed both manually at the opening bell this morning. PANW locked in nearly a full-sized profit and HMC brought in a half-sized profit. That makes me 6-0 on closed trades this week.
That also wipes the board of all my positions. For the first time in a while, I don't have a single position open.
And the timing might be really good for that. The Fed will announce its decision about interest rates today, and that could send the market flying. In the last couple years, most times the market has reacted negatively to Fed announcements. There's no way to tell for sure which way it will go, but there is likely to be some noticeable volatility late today.
So I'll sit safely on the sidelines with no open positions and see what happens. If any trades from the watch list do end up triggering, I'll definitely take them like normal. And speaking of that, VST from the watch list is getting within range of an entry already.
If you have any questions or feedback, I'd love to hear from you.