Hey Guys,
The market has been hanging out the last couple days in the same general zone overall. The S&P 500 is around 4,850 again.
That GILD stock position I took yesterday already hit its stop loss. That one had a big gap down the night before on bad news, and sometimes stocks shoot back up like a rubber band after a big gap down like that. This one didn't turn out that way. You can never be sure what's going to happen next in the market, so we use historical tendencies to try to put the odds in our favor and we accept that sometimes the trades aren't going to work.
I took on a new position today. I bought shares of stock for SNY in the main account. I bought it for exactly $50.00 per share. I like when stock prices are near nice round numbers. There's a chance that those price levels offer a psychological appeal to some buyers, which might increase the buying pressure to some degree.
If you have any questions or feedback, I'd love to hear from you.