That was a very choppy day. And it could potentially be like this all week.
We have multiple Fed speakers this week, with FOMC minutes on Wednesday at 2:00 p.m. ET.
Here are today’s trades:
- I bought $KO at 61.60 and sold at 61.99.
- I shorted $SQ at 61.97 and covered at 61.41.
- I shorted $VLO on Nov. 17 at 135 and 133.81 and covered today at 134 and 132.72.
I booked a couple of losers:
- I bought $DIS at 100.25 and sold at 98.21. This was a very tiny position.
- I bought $HD at 317.21 and sold at 315. I had a profit of more than $1.50 but was waiting for a tad higher.
I have two open positions, a long in $MSFT and a short in $IBM.
If the $SPX can hang on to 3,934, we have room to the upside.
All Star Charts Team