Finding Income
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Finding Income

Trading Journal for 5/26

  • It is 7:51AM
  • SPX is up at 3013…the rally seemed to happen on Sunday…
  • ALT is moving…I remember this stock can suffer sudden pullbacks…it is moving with reasonable volume and is not range bound though…seeing a bigger pullback from $9.78…will watch, but ALT doesn’t look good for trading…
  • News…home prices have been rising, but we already know that…
  • +$84.65 on ALT…I noticed that it was holding up well after breaking over $10.00…when a stock holds above it’s previous high after setting a new high, that’s usually a sign of strength…
  • News…consumer confidence is up more than expected…the EU will unveil stimulus plans on Wednesday…
  • +$90.10 on TLRY…didn’t handle that trade particularly well…but, relieved that I’m positive on it…
  • News…businesses reopening will cause a rise in virus cases…
  • SPX is fading close to the end of day…now at 2992…I don’t see any news…I’m long for a bottom bounce…+$85.54…I’d like to do another one, but it’s getting close to end of day at 12:52PM…there may not be enough time for a leveling out and then a pop…2989 now…
  • Looks like SPX closed at 2990, below the SMA200 at 3000…it’ll be interesting to see what happens this week…
  • Overall, I’m up +$275.69

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