Hey Guys,
The market didn't respond well to the Fed's announcement yesterday about interest rates. The S&P 500, which reached a high of nearly 4,100 before the announcement, went down throughout the day afterward and this morning. It's now around 3,950. That's a 150-point drop, which is a doozy.
My overall account value is down. It's not as bad as it could be for me, mainly because a lot of my positions got cleared off the table on Tuesday when so many hit their profit targets. That gave me less risk exposure for the ride back down. The last time the S&P 500 was at this price, my account value was noticeably lower. So despite the market being down this morning, I'm noticing the positives.
I picked up a full slate of new positions. In the main account, I bought stock for Deere and Waste Management. In the extra options account, I bought options for XLP and WM. In the low-priced account, I bought positions for WPM and AIG.
My Walmart stock and options positions hit their stoploss this morning. I closed out three other stock positions that reached their time limits, and two locked in a profit and one was a loss. One of the profitable ones was TSM, and most of the profit came from a dividend that was issued. Anyone who owned TSM last night and into the open this morning earned a dividend (it will be automatically credited to your account in coming weeks).
My PTON options reached their time limit today, which means I'll be closing them this afternoon right before the market closes unless they hit their profit target or stoploss first.
If you have any questions or feedback, I'd love to hear from you.