Hey Guys,
As of this morning, the market has given up about half of the gains it had obtained over the weekend. And along the way it's made major moves in both directions.
Here is a picture that shows what ES futures look like over the last three trading days (they correlate almost perfectly with the S&P 500):
You can see that there was a 160-point range on Friday, a 270-point range over the weekend, and a 75-point range so far since yesterday's close. So the market is making big moves in both directions. I'm just going to stick to the plan as always, since that's the approach that was used in the backtests.
I took on a new position today in my stocks account. I bought shares of INTU (Intuit).
If you have any questions, just reply directly to this email.
Eric