Hey Guys,
Yesterday, I showed a chart and talked about how we'd watch to see if the S&P 500 would break through the blue moving average line. The answer we got overnight was a resounding "yes". Check it out:
The S&P 500 finished strong yesterday and then gapped up overnight, probably fueled largely by the market's response to Apple's earnings report. The end result was a decisive punch through that blue line, which might bode well for the direction of the market moving forward.
I closed my WPM options yesterday since they reached their time limit. They locked in a partial profit.
There haven't been any new trades yet today, but there are more tickers filling up the watch list. That's a sign that there might be some trade activity coming our way soon.
If you have any questions or feedback, I'd love to hear from you.