Hey Guys,
After having a nice surge on Friday, the market is down more than 50 points this morning. The S&P 500 passed below the 5,600 mark, which extends the length of time that we've stayed in this range. We've been magnetized to this price level for more than two weeks.
My QGEN stock position reached its time limit, so I manually closed it. That one headed south right at the last minute after looking good to start the day Friday, and it ended up with loss.
I took on a handful of new trades today. In my stocks account, I bought stock positions for CME, FXI, and AMD. In my options account, I bought options for FXI. Those FXI options were only $1.00 per contract, so they're on the lower end of the price spectrum.
It's nice to see some new trading action after a relatively quiet end to last week.
If you have any questions or feedback, I'd love to hear from you.