Monday, July 24, 2017

When It Can't Go Down It Will Stay Up Or Break Out 7-24-17

Market attempted to go down this morning but met with buyers even with a small pull back. RUT tested the top of its prior balance and bounced. It closed back into positive territory. Nobody seems counting how many days the market has been without a 1% pull back. Earnings continue to provide better than expected results. The political uncertainty couldn't shake sentiment a bit. I need to hang in there for the earning session passes.

Made 6 trades today. Only one of them was initiated by me in rolling a QQQ directional call. The rest of them were exit orders sitting there and finally got filled. It was a boring day.

Net liq stays unchanged. A small gain was wiped out at the end. Guess we may see another push up or down after Fed Meeting on Wednesday. I will try to place more bull calls to go along with the market.

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