Hey Guys,
The market is up this morning. The S&P 500 is up near 3940 at the time I'm writing this, which is well above where it had been about ten days prior. Will this upward thrust be sustained, or will the market whip back down? So far in 2022, no upward drives have been particularly long, but that's the challenge of trading: you never know for sure what's coming next. At some point, according to history, it's all but certain that the market will start a sustained march upward. We just don't know for sure when that will be (and it could be a messy road up).
There are no new trades yet today. EDU is the only ticker on my watch list. It's in somewhat close proximity to its Potential Entry Price, but I'm not sure if it will trigger today. That could lead to both a stock and options purchase.
The trading activity has been very light the last couple weeks. This, too, is part of the trading experience: having a plan for when not to trade.
If you have any questions or feedback, I'd love to hear from you.