August and September are not for the faint of heart.
After the release of the July FOMC minutes today the market headed straight down. I guess it wasn’t happy about the potential for more rate hikes.
The indices have had a decent pull-in since the beginning of August. We just have to be aware of a dead-cat bounce.
Here are today’s trades:
- I bought $TSLA at 231.44 and sold at 232.60.
- I bought $SPY at 443.55 and sold at 444.08.
- I shorted $CELH at 181.70 and covered at 180.70.
- I shorted $HD at 336.20 and covered at 335.60.
I have open long positions in $VXX, $MRNA, and $TGT.
I have open short positions in $QQQ, $KLAC, and $NFLX.
Have a great evening. Look for the Morning Briefing on Thursday.
All Star Charts Team