“I am not a product of my circumstances. I am a product of my decisions.” – Stephen Covey
It was strange to wake up to no large gap this AM for once but it was a good sign and stocks acted well today and are still telling me we have more of a bounce to come.
I bought a few more positions today like N:LNKD, O:FB and N:ABBV so let’s see how they go.
N:SPY needs to clear 190 as the next hurdle but a few heavy hitters reporting tonight may weigh down this attempt at strength; but maybe not.
All we can do is see how things are looking in the morning.
We’re working off the extremely oversold levels we just had but we have a ways to go before we are back to a neutral reading, and if all goes well, we will see an overbought reading before I lock in gains!
I’ve still got 10% into SPY at 195.77 so I can look to cost for stops now.