Mindful Trader Commentary For January 8, 2024


Hey Guys,


The website was having issues this morning and it took a while for us to figure out what was causing it. This always happens at the most convenient times... Things are back up and normal now, and I truly appreciate your patience.


The market seems to have stabilized around the 4,700 price level of the S&P 500. If you look at this chart, you'll see that it no longer looks like a "freefall", which is kind of how it felt last week early in the week:



At the moment, it looks almost like it's trying to turn the corner and work its way back up. It will be fun to see how things unfold.


I had a couple positions reach profit targets today: my GLW options and my DAL stock position from the double down account. Nice to start this week off with profit.


I picked up some new positions today. I bought shares of SCCO and options for HON in the main account. I bought options for DIA and EMR in the options account. I bought stock for BHP in the double down account.


If you have any questions or feedback, I'd love to hear from you.


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