Mindful Trader Commentary For May 14, 2024


Hey Guys,


The market has been quiet so far this week. This morning it's hanging out in the same zone as it was yesterday and last Friday. The S&P 500 is around 5,220.


My HAS stock and option positions had a nice jump overnight. The stock gapped up some. I'm still not to the profit target yet on either, but getting within range.


I haven't taken on any new positions yet today, but the watch list is filled up with potential. I can see the potential not only by how many tickers are on the watch list, but also by how far they are from reaching their target entry prices. There are now seven within one ATR of the target entry price, which is a good indicator that we'll start seeing a normal flow of trading activity pretty soon.


My Think or Swim account transitioned to Schwab over the weekend. I know some of you use the same trading platform as me, and some also went through the transition over the weekend. Yesterday there were some oddities in the platform, but today everything seems to be working normally again. It's nice to know that Schwab is retaining this trading platform.


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


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