Commentary may be a little lacking this week - my wife had to go out of state for a few days to see an ill family member and as such, I am with my four and one year old sons all alone for the next few days. Therefore, most of my time will be with other mattters, as I am sure any reader that has young kids will understand.
I was stopped out of my UCTT and ISLN positions today early on - UCTT was flat overall and I made a small profit (I think 2% or so) in ISLN. I also went into SOLF pre-market at $11.60 as an earnings play - I was pretty happy as it ran up to $12.80 around 9:10, but when the market opened it tanked and I was stopped out at $11.55, giving me a very small loss. Fun stuff as always. Besides LIWA in my IRA, I am back to total cash and likely won't trade too much this week. I don't see a whole lot that interests me after the way so many stocks acted poorly yesterday. Individual stocks are showing a lot of chop the past two days which makes trading them extremely difficult. There is one particular stock I like but it has earnings next week so I may pass.
Overall, it seemed like a boring day but not a bad one - more of a consolidation type. The numbers are still bullish for me and my bias therefore will stay that way, but if we continue to rally, I am suspecting it will be a difficult one to trade with lots of headfakes and confusion. What else is new, right? Good luck Wednesday.
2 comments:
Hi Mac,
Don't have kids but family and health very important. All the best with your wife's situation. Thanks for all you do and take care.
Johnny
Thanks Johnny - the person she went to see is doing much better but she really felt she needed to go visit. Thanks for the well wishes.
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