Hey Guys,
I remember yesterday thinking the market was down big and things were pretty rough when the S&P 500 was at 4,040. Then it went down even further, and now it seems like things would be nice if the market were back at 4,040.
Right now the S&P 500 is 4,000. This might prove to be a major battleground between bulls and bears. It's a big psychological price level. So maybe this is where we find some support and see a rebound. But there's no way to know for sure, so we just have to wait and see. There are a lot of factors at play.
I picked up a couple new stock positions today in the main account: APTV and ANET. I have a full slate of positions across the board right now.
My other futures position hit its stoploss yesterday. Since those futures positions carry noticeably more weight than each stock position, they have an amplified effect on my account balance. I also manually closed a couple stock positions this morning that reached their time limits. PTON was about breakeven and WDC came in with a loss.
If you have any questions or feedback, I'd love to hear from you.