What a day! The market opened higher and most stocks retraced to Monday's lows
before taking off higher. I made a profit higher than what I lost on Monday, but failed to wait for the right time to buy and I sold around noon instead of expecting the run to last the whole day which is typical for Wednesday off of an over sold condition.
I didn't trade Alphabet (GOOGL) today, but I did use it for reference as it was one of the only stocks that did not go down to retest Monday's lows. I bought call options on Boeing, Tesla and Netflix on the way down. I was down bad by the time it changed and went higher. I ended up selling everything around 12:30 pm and missed out on the other half of the gains for the day. I made charts on each company below.
I would expect to see more upward movement on Thursday with some pull back for the second half of the day and it should give back half of today's gain. I hope I am wrong, but I will trade carefully tomorrow. Check out my market commentary below along with my favorite pick for 2019.
I didn't trade Alphabet (GOOGL) today, but I did use it for reference as it was one of the only stocks that did not go down to retest Monday's lows. I bought call options on Boeing, Tesla and Netflix on the way down. I was down bad by the time it changed and went higher. I ended up selling everything around 12:30 pm and missed out on the other half of the gains for the day. I made charts on each company below.
I would expect to see more upward movement on Thursday with some pull back for the second half of the day and it should give back half of today's gain. I hope I am wrong, but I will trade carefully tomorrow. Check out my market commentary below along with my favorite pick for 2019.
