The market chopped around the fist half of the day and rallied into the close.
It’s still coiling for a bigger move, I’d like to think.
Here are today’s trades:
- I bought $X at 24.50 and sold at 24.91. I did mention in the live trading room that my target was 25.40.
- I bought $MU at 57.36 and sold at 57.62.
- I shorted $PEP at 185.77 and covered at 185.16.
I booked one loser:
- I shorted $SE at 52 and covered at 52.99.
I have two open positions, a short in $IBM and a long in $MSFT.
As I mentioned in today’s Morning Briefing, if we hold on to $SPX 3,934, we have room up to 4,020 or so.
All Star Charts Team