Mindful Trader Commentary For May 7, 2024


Hey Guys,


The market has not relented on its recent price gains, which is another sign of strength. It's like the mood of the market has shifted, and that could be a good thing for us. The S&P 500 is around 5,185 right now.


There haven't been any new trades yet today, but the watch list is really loading up with tickers now. Last week at this time, there were just 3 unique tickers on the watch list. Today, there are 16.


That means there are more stocks and options that qualify for the initial criteria of my trading strategy, and in turn that it's more likely that I'll get some trading action soon.


The only stock position I have open right now is WPM. It reaches its time limit tomorrow, so I'll be manually closing it at the opening bell tomorrow morning.


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


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