After three days of big swings in alternating directions, Monday was positively boring. I will take boring every time compared to a decline like we saw on Friday. Today was somewhat bullish because the market did not continue lower. The S&P touched 2,785 twice exactly four hours apart and that was the low for the day. That show of support is likely to power a rebound on Tuesday. The market likes to see levels that hold firm in the face of selling. It gives investors confidence.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Current Position Changes
MSFT - Microsoft
The long position was entered at the open.
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Current Puts