Key List Coaching Video
For a full recap, view the trade log here:
Recent Trades & Current Positions
Note: The trade log is reset each morning at or near the opening bell.
Team, Market action is SLOPPY with a Downside bias.
Please don’t argue with price.
Go smaller & Control risk.
THIS MARKET WILL EVENTUALLY LIFT!
And we will be ready! Like that!
The stock market logged decent losses on this options expiration day following the big earnings warning from FedEx (FDX 161.02, -43.85, -21.4%). The major indices all closed near session highs, but failed to climb out of negative territory. This marks the fourth losing week out of the last five weeks.
The S&P 500 closed down 2.1% on the week; the Nasdaq Composite closed down 5.5% on the week; the Dow Jones Industrial Average closed down 2.2% on the week.
Looking ahead to Monday, economic data is limited to the September NAHB Housing Market Index.