Hey Guys,
The market came down hard yesterday. It's rebounded a bit today and the S&P 500 is around 4,130 right now. The Fed is schedule to make an announcement later today, and it could get even more volatile.
I took some hits since my last email. The Energy sector got hammered, as did my stock and options positions for CVX and PXD. I also hit stoplosses yesterday on SNY and EPD. On the plus side, I hit profit targets on my JNJ options and HOLX stock position.
I would tell you that I bought SBUX stock in my main account today, except that the position already hit its stoploss, too. They had just reported earnings and it went straight down after I bought it and hit its stoploss within about 30 minutes. Most trades with this service last about a week, so this one was atypical.
Here are the other positions I picked up today: XRAY stock in the main account as well as SBUX double down options, another helping of SBUX stock in the double down account, and SBUX options in the options account.
If you have any questions or feedback, I'd love to hear from you.