Hey Guys,
The market rebounded nicely after last night's midterm elections. The S&P 500 is up more than 100 points from yesterday's close, and is now sitting at 7,675.
I had a number of trades get closed since my last email. My stock trade for SAP gapped up nicely overnight, well past the profit target. I ended up getting a profit twice as large as I was targeting. I didn't have to take any manual action to lock in the excess profit; my sell limit order automatically got filled at the higher going price when the market opened.
Both my SSNC stock positions got closed as well. One reached its profit target while the other reached its time limit and landed in the losing column.
One of my TJX option positions also reach its profit target.
I took on some new trades today. They were all for companies in the Energy sector. I bought shares of CVX and XOM in the stocks account. I bought the options for XOM in the options account.
If you have any questions, just reply directly to this email.
Eric