Todays market was mostly down across the board in all markets. But by 1:30pm the S&P500 came roaring back to finish above the $1173 support at $1182.45. The daily chart on the S&P flashed a red candle today, RSI and MACD look to be rolling over, but volume still looks pretty good. At one point today, the S&P actually traded below the $1173 from 11-11:30am and 1-1:30pm, but it did recover. Caution is the word after watching such a long run without a pull back.
Considering that the market was down and most of my stocks retreated all day, my portfolio still pulled out a gain of $27 or 2% in unrealized profit. I can thank FFIV for 15% jump on it’s earnings report. If what I see in the After hours trading holds up, LVS is going to jump 11% or higher on the open and my unrealized profit in LVS will more than double. That would be sweet, but this is like counting my chickens before there are hatched, so I will wait an see in the morning.
$0 realized profit today. October realized gain = ($1174.75) AVG = ($61.82) a day. Personal goal = $50 a day. 19 of 21 trading days for October complete.
Unrealized and still holding: $1486
FFIV – $290 (Wow, 15% jump in one day!)
KOG – $33
LVS - $658
PTEN – $25
PWE – $46
SBUX – ($16)
SCCO - $450
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