The bears are gaining a foothold on the Trump Controversies

My objective here isn’t to defend Donald Trump or prosecute him. I leave my personal opinions out of my trading simply because the market doesn’t care what I think when it comes to politics. 

So I have to look at price action for what it is worth and the price action this morning is dismal with futures selling off about 18 points on the S&P 500. That is quite a drop and the financials look like they are going to back up that move quit a bit with the big banks taking hits in the pre-market as well. 

stock market today

I’ve been talking about this happening at some point (not knowing when), that when it did happen, you would want to be managing risk in your portfolio all along. That is what I have been doing along the way, and now comes the day for the bears to see whether it can break down this market to the downside and really stoke some fear into this market by breaking below 2380. 

S&P 500 Chart

spx 5 17 17

Current Stock Trading Portfolio Balance: 

  • 5  Long positions

Recent Stock Trade Notables:

  • 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.