My order filled at $38.31 per the plan. The trade is looking good so far!
As I type, the market futures are red, but I expect a market bounce sometime this week. On Friday, the market came back up to 200-day moving average support (I’ve added the 200-EMA to my charts below in light blue): The 200-EMA level has been a common place to bounce from if you look at the pullbacks in February, April, and May. In addition, RSI has come down to an oversold level which indicates that the market could be undervalued. …Read the full article
As I type, the market futures are red, but I expect a market bounce sometime this week. On Friday, the market came back up to 200-day moving average support (I’ve added the 200-EMA to my charts below in light blue): The 200-EMA level has been a common place to bounce from if you look at the pullbacks in February, April, and May. In addition, RSI has come down to an oversold level which indicates that the market could be undervalued. …Read the full article
The market is getting crushed(which is great for this trade). Sold VXX on a limit order at $30.05 near market open.
My order filled on VXX at $28.60. This trade is already up. All indications are that this was a good fill price!
I still don’t have confidence in the markets this week. We had a strong drop and recovery today that would have been nice to be in VXX for! From what I can tell (and from what I’m reading), this price action is due partially to uncertainty in interest rates and the fear that the Fed will raise them. Here is what I see in the markets: The IWM is the ETF for the Russell 2000 (small cap stocks) and often …Read the full article
The markets don’t seem to be offering much direction this week. I think we will get a pullback this week but the market may come up before it goes down. My plan is to bid on a VIX short term ETF (VXX) in the $27.40 range. I think this is a safe spot to buy at. If the market shows us some direction before the order fills, then we’ll adjust accordingly on Tuesday. VXX should go up abruptly if market …Read the full article
I bought CBB at market open for $16.10. Unfortunately, this was at the high of the day. The stock food good the 10 daily moving average line so there is still potential for a good day tomorrow. I’m holding my position to wait and see!
We had 4 weeks of trading in September but we didn’t place a trade the first week because our trade didn’t come to us and I didn’t want to force it. I netted about $1362 gains in my Fidelity account for the month. This was a successful month! Market futures for Monday are very green as I type. This is probably due to some positive trade news with Canada. The major markets and the VIX are all near the 50s …Read the full article