Trading Journal for 6/2
6:22AM: SPX futures are up to 4253, top of an ascending channel. There’s news that the debt ceiling increase has passed. The S&P Bank Index is still holding at resistance at SMA50. MMV, a Chinese stock, is gapping up 220% on news of acquiring an equity stake in another company. I’m not sure how tradable that news will be, but I’ll keep an eye on it.
Trading Journal for 5/24
6:30AM: Starting a bit late this morning. The SPX has opened at 4129, down from yesterday. It seems like there’s continued uncertainty around the debt ceiling and around the Fed’s plan with interest rates. The S&P Bank Index is holding steady, below resistance: