Hey Guys,
The market is up this morning. Its price movement over the last few weeks has created a "W" shape. That's one sign of having been in a whipsaw market. My portfolio profited over the last few days going up the last leg of the W. Let's see where it goes from here. We might still have more Ws in front of us.
My VRSN position hit its profit target this morning. RIO got closed for a loss. RIO was the only ticker that didn't want to join the party over the last few days. I also had a futures position hit its profit target this morning, and a couple others are pretty close. We'll see if they get there or not.
I bought two new stocks this morning: HSBC and EOG. I also grabbed a couple of options positions in my extra options account.
My futures positions got to be pretty heavy over the last few days. That's about as heavy as they'll get at one time. I had maybe 7-8% of account risk on with those positions open. That's a pretty big load at one time and isn't typical. It's only likely to happen during market pullbacks.