Tough action in the market this week.
We started at $SPX 4,008 then dropped down to 3,906. Looks like the index is forming a bull flag.
Next week is typically a bullish week.
Here’s today’s winner:
- I bought $TGT at 162.80 and sold at 164.10.
Here’s today’s loser:
- I bought $HD at 314.50 and sold at 312.11. I traded this small as I was mixed about this stock moving today.
I have two open positions, a $VLO short and an $IBM short.
I do remember the past few years being weak — except for the day after Thanksgiving, which has been bullish. We’ll take it day by day.
I don’t like trading much on option expiration Fridays.
All Star Charts Team