Hi Guys,
The market came up some overnight. The S&P 500 is around 4,015 right now. The big down day on Tuesday seemed to indicate a lot of downward momentum, but the market stopped abruptly yesterday and today has been moving back up.
This is the third week that the S&P 500 has been anchored to the 4,000 price level. It's proving to be a major battle ground for the market.
I had four stock positions reach their time limits this morning. I manually closed them at the opening bell this morning. Three came in with partial profits (CDNS, HSY, and ORLY), and one with a partial loss (GPC).
I haven't picked up any new positions yet today. The watch list is pretty thin right now. We go through cycles like this as the market ebbs and flows. It's all part of the trading journey.
If you have any questions or feedback, I'd love to hear from you.