Mindful Trader Commentary For July 8, 2024


Hey Guys,


The market continues to show signs of strength. After being in a range for two weeks, it's made solid upward progress each of the last few trading days. The S&P 500 is around 5,575 right now.


My CDNS stock position hit its profit target late in the morning on Friday. I also closed my ROST stock position this morning since it reached its time limit, and it ended up with a partial profit. It was nice to see that one end up in the victory column since it had been red for most of the trade.


There haven't been any new trades yet today. I have buy limit orders set up for HLT and WMB from the watch list (both stocks and options), but neither is particularly close to getting filled right now.


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


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