Hey Guys,
The market is still in boom mode. The S&P 500 topped the 4,100 mark this morning. A key figure is scheduled to be released tomorrow regarding inflation before the market opens, so the market might be in for a roller coaster ride in the morning.
I locked in profit on a number of positions since my last email. Two of my positions in the main account reached their profit targets this morning (EOG and COP). They actually both gapped a bit above their respective profit targets. And I closed PXD for a profit since that reached its time limit. On Friday my COP option position reached its profit target. That's a couple trading days in a row of solid profits, and boy were we due for those.
There have been no new trades today so far. The watch list is thin right now. These trade setups go through cycles sometimes, and at this moment there aren't a lot of tickers qualifying for my trading strategy.
If you have any questions or feedback, I'd love to hear from you.