April started out well, but, had to go through some volatility. But, the market held up and is ending the month on a stronger note. We also had our ups-and-downs this month. Most of the trades during the past two weeks were volatile and did not produce much positive results, although they did add quite a bit of stress. In review, although I knew the market was going through consolidation as discussed in my Market Forecasts, greed and perhaps some giddiness from the first 3 months of gains prompted me to continue to make some risky trades. The only saving grace was that we were making small trades as discussed in the Trading Room. In the future, these consolidation periods would probably be good times to take some quick vacations.
Here are the closed trades for the month:
Well, after 2-and-a-half weeks of consolidation, the market woke up with AAPL’s earnings and continued with AMZN’s blowout! The other encouraging thing is that the financials also participated. Energy stocks also bounced. We’ll take a closer look at some of these sectors on Sunday in next week’s Market Forecast.
Have a great weekend!
Good night and HappyTrading! ™