Hey Guys,
After the Amazon and Apple earnings announcements overnight, the market is right back where it was yesterday. Amazon's price dropped noticeably after earnings, but it wasn't enough to bring the market down. The S&P 500 is near 3,840 again.
I bought positions in ABBV this morning. It came right off the watch list. I bought a stock position for it in the main account and an options position in the extra options account.
ABBV reported earnings and it's been a wild ride this morning for that stock. I generally like buying stocks that have come down a really long way in a short period of time because they can sometimes be like a rubber band that's stretched really far and have a propensity to snap back up.
I had two positions lock in profits this morning. My stock position in WRB reached its profit target. And I manually closed my second position on BTU for a small profit since it reached its time limit.
If you have any questions or feedback, I'd love to hear from you.