Hey Guys,
The market is still easing downward. The S&P 500 is at 5,060 right now, just a bit below where it was when I emailed yesterday. It's not a surprise to see the market (or any given stock) take a breather after a big run-up.
My PSX stock position reached its time limit today, so I manually closed that at the opening bell. It locked in a partial profit.
I picked up some new positions today. In the main account, I bought stock for LVS and WYNN. In the options account, I bought options for LVS. I also bought the options for WYNN late yesterday. Looks like we're loading up on positions for Las Vegas hotel chains this week.
I noticed that my CLX positions are green again after being pretty noticeably red yesterday. That offers a good example of why I try to stay calm with each trade and give it the space to move. You never know where the price will go next.
If you have any questions or feedback, I'd love to hear from you.