The market that doesn’t hold a grudge

With every crisis or potential crisis that occurs, the market has one of the shortest memories of all time. In some ways the market would make an excellent spouse, because when something doesn’t go right, it only holds it against your for a day, maybe a couple of hours even, and then it goes back to life as if nothing ever happened. 

The same is said with the Trump Memos. It really shook the market up on Wednesday. Crushed the key moving averages, support levels and the morale of bulls across the board. But then yesterday and the futures last night: Forgive and forget. 

Obviously there is a lot of market ahead of us today before we can enjoy the weekend that is within arm’s reach. But it is still amazing just how resilient despite everything that has happened over the past year, just how strong it remains. 

When it comes to trading today, don’t feel the need to load the boat with long positions. You still want to show some caution, but if things can hold together, maybe 2-3 new positions to the portfolio wouldn’t be a bad thing. 

Just take it one step at a time. And don’t rush things. 

S&P 500 Chart

Current Stock Trading Portfolio Balance: 

• 1 Long Position

Recent Stock Trade Notables:

• SPXU: Long at 16.60, closed at 16.98 for a 2.3% profit.
• JP Morgan Chase (JPM): Long at 87.84, closed at 85.98 for a 2.1% loss.
• Micron Technology (MU): Long at $29.00, closed at 28.04 for a 3.3% loss.
• Alibaba Group (BABA): Long at $116.25, closed at $124.09 for a 6.7% profit. 
• Southwest Airlines (LUV): Long at $58.35, closed at 57.23 for a 1.9% loss.  
• Broadcom (AVGO): Long at $223.63, closed at $228.65 for a 2.2% profit. 
• Workday (WDAY): Long at 86.00, closed at 90.32 for a 5% profit. 
• Univar (UNVR): Long at $30.96, closed at $32.20 for a 4% profit.
• Alibaba Group (BABA): Long at $111.91, closed at $115.48 for a 3.2% profit. 
• Redhat (RHT): Long at $85.21, closed at $87.21 foor a 2.4% profit. 
• Darling Ingredients (DAR): Long at $15.19, closed at $14.90 for a 1.9% loss. 
• Apple (AAPL): Long at $143.82, closed at $147.11 for a 2.3% profit.
• Teradyne (TER): Long at $31.16, closed at $33.03 for a 6.0% profit.
• UPRO: Long at $92.75, closed at $94.78 for a 2.2% profit. 
• Murphy Oil (MUR): Long at $28.69, closed at $27.89 for a 2.7% loss.
• Las Vegas Sands (LVS): Long at $57.24, closed at $56.53 for a 1.2% loss.  
• UPRO: Long at $91.94, closed at $96.54 for a 5.0% profit.
• Alibaba Group (BABA): Long at $105.736, closed at $108.22 for a 2.4% profit. 
• Facebook (FB): Long at $134.27, Closed at $139.23 for a 3.7% profit. 
• CDW Corp (CDW): Long at $58.65, closed at $58.91 for a 2.7% loss. 
• Redhat (RHT): Long at $82.41, Closed at $83.53 for a 1.4% profit. 
• Ambarella (AMBA): Long at $57.15, Closed at $55.52 for a 2.8% loss. 
• Alibaba Group (BABA): Long at $104.73, closed at $106.05 for a 1.3% profit. 
• Broadcom (AVGO): Long at $218.63, Closed at $222.71 for a 1.9% profit. 
• American Airlines (AAL): Short at $44.76, Closed at $44.03 for a 1.6% profit.
• UPRO  (Day-Tade): Long at $95.35, closed at $96.50 for a 1.2% profit.
• OZRK: Long at $56.12, closed at $54.69 for a 2.5% loss. 
• FNSR: Long at $34.25, closed at $34.70 for a 1.3% profit. 
• UPRO  (Day-Tade): Long at $96.92, closed at $98.03 for a 1.2% profit. 
• JP Morgan Chase (JPM): Long at $87.21, closed at $89.67 for a 2.8% profit. 
• Chevron (CVX): Short at $110.03, covered at $111.85 for a 1.6% loss. 
• Flex Technologies (FLEX): Long at $15.62, closed at $16.57 for a 6.1% profit. 
• Baidu (BIDU): Long at $174.70, closed at $187.00 for a 7.0% profit. 
• Ollie’s Bargain Outlet: Long at 33.20, closed at $32.50 for a 2.1% loss. 
• Corning (GLW): Long at $26.98, closed at $27.45 for a 1.7% profit. 
• Illinois Tool Works (ITW): Long at $127.74, closed at $129.86 for a 1.7% profit. 
• Marriott Int’l (MAR): Long at $86.16, closed at $87.51 for a 1.6% profit.