The road to.....

There’s this old saying, I am not a fan but I do believe that it is true. It goes like this “The road to hell is paved with good intentions” That’s how trading felt today..

We never even came close to getting a proper entry on HLT
CAT offered us the opportunity for a new position, which we took, and we ended up flat on the day with it. That beats the alternative of having been down money.
GE we entered brand new investments at the close, we’ll talk more about that one as it unfolds
NVDA we made a few bucks today, and we are holding some new trades on it here that we placed today. Right now after hours NVDA is going up into the $125.00 area…. That plays very well for us here….
NVDA is riding off of MU having just beat earnings and is blasting north by 13% as we speak…. MU’s beat will be good for semi’s
Our good friend SFM closed up above $110.00 for the first time ever today. We mentioned SFM on Monday that we were looking for ad on points here, we got it

Stocks are good right now, not everything is going to go to the moon all day every day. I’m not seeing a rotation at the moment but rather a drive to place emphasis on what is already working. This chart of CAT is my live trading chart from today. Each bar on the chart represents a 47 minute time period. Above the yellow line is good, bounces off of the yellow line even better, anything south of the yellow line is buyer beware. Tomorrow is another day

The Options Coach