Mindful Trader Commentary For May 28, 2024


Hey Guys,


The S&P 500 is back around the 5,300 mark. It has passed through that price point on eight of the last nine trading days, so 5,300 has been serving as an anchor.


There has been a fair amount of volatility during that period, though, and there is plenty of divergence within the market. My portfolio is a mixed bag right now.


I had two stock positions reach time limits this morning in my main account. KDP ended up with a partial profit, and SRPT ended up with a full loss. We got out of SRPT just in time because it dropped it even further this morning.


I took on some new positions this morning. In the main account, I bought stock positions for PINS and AMGN. In the options account, I bought options for XLP and PINS. I have a lot of positions on the board right now.


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


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