Hey Guys,
The market is up this morning. Even though there has been a lot of volatility recently, the overall trend of the market since last Monday has been one that's gone in the direction of rebounding.
The S&P 500 is approaching the 5,400 price level, which could be a key level. Not only is it a major psychological price point, but it's also where the 20-period moving average line is right now. Those both might be forms of resistance that could disrupt the market's ascent. That said, over time, the market has a track record of going up more than it goes down, so I am careful never to underestimate the strength of the market!
I manually closed my DHI stock position this morning since it reached its time limit. The one locked in a partial profit.
I took on two new option trades today. I bought options for KHC and JNJ in the options account. There haven't yet been any new stock trades today, but I have limited buying power in the main account anyway and can only take one "light" position (one that doesn't have a large position value).
If you have any questions or feedback, I'd love to hear from you.