Typical market action on a pre-holiday weekend trading day: Rally time!
The indices were up more than 1%, and we’re heading into gap-fill on $SPY.
Enjoy your Memorial Day.
Here are today’s trades:
- I bought $MS on May 23 at 83.38 and sold today at 83.88.
- I bought $CSCO at 49.19 and sold at 50.
- I bought $BIDU at 122.54 and sold at 123.10.
- I bought $ZS at 131.32 and sold at 132.32.
- I bought $NFLX at 372 and sold at 379.40. I mentioned in the live trading room before I left that this name can head to new highs at 379.
I have open long positions in $HES and $VXX, and I have open short positions in $QQQ, $AMD, and $KLAC.
Have a great long weekend. Look for the Morning Briefing on Tuesday.
All Star Charts Team