Hi Guys,
The market is back to all time highs. Talk about a whipsaw! Straight down and straight back up. It's like somehow the market went from being ok, to being in a state of total fear, to being in a state of total optimism, all in just about a week.
I bought positions in some utility companies in the last 24 hours. I picked up AEE this morning, and yesterday I bought stock for ED and AGR. I also grabbed some ED options in my extra options account. ED isn't too happy so far, but I'm going to give it time like always and stick to my rules. I also picked up some options for Union Pacific today.
My main account doesn't have a lot of buying power left. These utility company positions are pretty heavy. If you have more room and are looking for more positions, there are other trades that have triggered this morning from the watch list like LH and GSK. You can consider buying those if you want. I would be very happy to own any position from the watch list that reaches the Potential Entry Price listed. I just don't have the purchasing power to buy them all.
My SPGI option trade (from the extra options account) hit its profit target yesterday. My STX option trade came pretty close yesterday to hitting its profit target too, and then today the price completely crashed! It got absolutely obliterated. Until the trade is closed, you can never tell for sure where the price might go next.
My CBRE stock trade will be hitting its time limit tomorrow morning, so I'll be closing the position manually first thing in the morning assuming it doesn't hit either the profit target or stoploss before then.
If you have any questions or feedback, I'd love to hear from you.