Hey Guys,
The market had a nice reversal on Friday after going down big early in the day. Then it gapped up over the weekend. It was a nice sign of strength after a tough week last week.
I had a number of positions lock in profits this morning, which gets this week off on a noticeably better foot than last week.
My SPY and RIO stock trades both reached their profit targets. They both actually gapped up past their profit targets. The trade for SPY gave me a profit that was 60% higher than I was targeting. I didn't have to take any manual action to lock in the extra profit since my sell limit order automatically filled me at the prevailing price when the market opened.
My stock trades for TGT and KDP both reached their time limits. TGT came in with a profit while KDP came in with a loss.
I haven't taken on any new trades yet today. I have my eyes on the tickers on the watch list, but none have triggered yet.
If you have any questions, just reply directly to this email.
Eric