Hey Guys,
The market finished last week with its sixth consecutive red day. Right now, the S&P 500 is around 4,985, which is below the key 5,000 price level. We'll see if this 5,000 price level ends up serving as some sort of support.
Despite the poor market conditions, I locked in profits on a number of my stock picks. On Friday, KHC hit its profit target. And today, HSBC gapped up past its profit target to give me an oversized profit to start the morning.
Also, three stock positions from my double down account reached their time limits this morning (MCK, HTHT, and RJF), so I manually closed them at the opening bell. Two of the three locked in profits.
That gave me 4 out of 5 stock positions with profits since my last email, which is really nice to see with the market being so unhappy right now. A lot of times my position outcomes correlate to some degree with the market overall, so when I have trade outcomes that buck the trend like this when the market is down, I try to savor it.
There haven't been any new trades yet today. I did take a trade on Friday afternoon in the main account for TCOM stock.
If you have any questions or feedback, I'd love to hear from you.