Mindful Trader Commentary For May 9, 2024


Hey Guys,


The market has been relatively quiet the last few days. After rebounding upward late last week, this week the S&P 500 has been mostly relaxed. It's as if it's taking a breather.


I haven't taken any new trades yet today, but I have buy limit orders in for some tickers on the watch list.


Those tickers are listed in order by which is closest to meeting its target entry price, with the ones at the top being the closest. At the time I'm writing this, for example, MDLZ is closest (for both stocks and options).


So I have a buy limit order in for that one and others. I normally set up buy limit orders for the top 5 or so on the list, depending on my available buying power (I have plenty of it right now!).


MDLZ got relatively close to filling my order this morning, but then backed away. We'll see if that or any others get filled soon.


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


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