Hey Guys,
The market was relatively quiet last night and so far this morning. It seems to be pretty happy in this little zone that it's in right now (the 4150 price level for the S&P 500). But it may not stay that way for long.
I bought shares of stock for LTHM in the low-priced account this morning. The price on that one moved up about 25% and then moved back down about the same amount, all within a week. So it's a bit of a wild one.
There are no other trades yet today, but plenty of tickers are lining up in the wings for potential future trades. The first condition of my trading strategy is that the stock needs to be in an uptrend that is strong and sustained (I use the Keltner Channel as a metric to help me measure the strength of the uptrend). A couple weeks ago there weren't many stocks that met that uptrend criteria, but now there are.
I closed my AVT stock position this morning since it reached its time limit. That one locked in almost a full profit.
If you have any questions or feedback, I'd love to hear from you.