Hey Guys,
The market is up to start the morning. The S&P 500 ended the week strong last week, and continued that momentum over the weekend. That market strength could bode well for our future trades.
And it's yet another sign that it's hard to predict what the market will do sometimes. Last week, when the FOMC announced an interest rate increase, a lot of people talked about how they thought the market would go down. Here we are a few days later, and the S&P 500 is up 100 points. That exemplifies a core reason I like to stick to my evidence-driven trading plan instead of trying to guess what will happen.
There haven't been any new trades yet today. I have buy limit orders in for the tickers at the top of the watch list (both stocks and options), but none have filled yet.
If you have any questions, just reply directly to this email.
Eric